When $70B in Bitcoin paints a target on your back

GM. We are the crypto juicer, taking market pulp and turning it right into a cool, refreshing sip of reports – zero seeds, all taste.

🫣 Peter Todd, the man an HBO documentary claimed could possibly be Satoshi Nakamoto, says he is now anxious about his security.

🗽 Tigran Gambaryan, a Binance exec held in Nigeria since February, has been launched.

🗯 Michael Saylor faces backlash over his assertion about Bitcoin custody.

🍊 Information drops: Buenos Aires launches a brand new digital ID service utilizing ZK proofs, Gary Gensler needs Bitcoin a cheerful “candy sixteen” + extra

🍍 Market taste immediately

Crypto Market Cap $2.33 Trillion -1.30% (24H)

Identify
Value
24H %
7D %

Bitcoin BTC
$66,282.68
-1.26%
-2.13%

Ethereum ETH
$2,577.03
-1.99%
-2.08%

BNB BNB
$581.74
-2.23%
-2.78%

Solana SOL
$166.11
-0.94%
6.52%

The market’s as nonetheless as a pond immediately 🏝 The Concern and Greed Index remains to be lounging at 70, in “Greed” territory. Bitcoin? It is doing its greatest impression of a zen grasp, hovering round $67K and considering the that means of life.

However do not let the calm waters idiot you – there is a riptide forming beneath the floor. Choices merchants are betting that Bitcoin will hit $80K by the tip of November.

Now, cue Paul Tudor Jones, the investing legend himself. He is predicting that the US public deficit is gonna outpace present finances projections, and yields on longer-term Treasurys are set to rise as a result of “the US will in the end attempt to inflate its method out.” Translation: the greenback is perhaps headed for a little bit of an id disaster. His hedge towards inflation? Shopping for commodities – together with *drumroll* Bitcoin! 🎉

So, with the large gamers making their strikes, the chessboard is about for an thrilling finish to the 12 months. Hold these diamond fingers robust and eyes on the prize – endurance is essential! 💎

🫣 You’ll be able to’t run, however you may cover

Keep in mind that HBO documentary we talked about, Cash Electrical: The Bitcoin Thriller – the one claiming to unmask the true Satoshi Nakamoto? Spoiler alert: their suspect is Peter Todd, a man who’s repeatedly denied being the creator of Bitcoin. Kinda humorous… effectively, until denial is a part of his plan.

In any case, the proof that he is Satoshi? Lowkey this:

And the factor is – due to this in all probability false declare, Todd looks like he is at risk. He is stepped again from the general public eye, genuinely fearing for his security.

Why? Give it some thought – grandmas get focused by robbers once they have like $50 of their purses. Now think about being rumored to carry Satoshi’s stash of 1.1M BTC, which is over $70 BILLION. The goal’s even greater than your m…assive coronary heart. Phew, saved it.

In an interview with Wired, Todd stated that there is a purpose Satoshi wished to remain hidden, and we should always hold it that method. He thought the documentary was concerning the historical past of Bitcoin and never a mission to show its creator – had he identified, he would’ve by no means taken half in it.

In response, the documentary’s creator, Cullen Hoback, disregarded Todd’s fears as overstated. Plus, he argues that as a result of Satoshi holds a lot energy over the market, it is essential to disclose who he actually is.

About these overstated risks, it is like… was he there? How does he really know there isn’t any actual risk? As for revealing Satoshi’s id, effectively, most individuals assume the movie nonetheless did not crack the case, so the thriller stays unresolved… or does it? 😉

🗽 Free eventually

We have got one other replace on a narrative we have beforehand coated, and it is a huge one.

Tigran Gambaryan, the Binance exec who received arrested in Nigeria over allegations towards Binance (translation: not something he personally did), has been lastly launched after spending eight months behind bars.

His time there? Undoubtedly no vacay overseas. The man’s been battling some severe well being points – from malaria to barely having the ability to stroll. Phrase is, the costs towards him had been dropped in order that he might get the correct medical remedy he desperately wanted again dwelling.

W for justice!

🍎 Newton’s Third Legislation in motion

Michael Saylor, co-founder of Microstrategy, not too long ago had a chat with monetary markets journalist Madison Reid. And a few bombshells he dropped… as Vitalik Buterin put it, batshit insane.

Saylor stated that Bitcoin traders ought to belief “too huge to fail” banks to maintain their belongings secure. Is not this kinda like telling a vegan to belief the most important steakhouse on the town?..

You understand how Newton’s Third Legislation goes: for each motion, there is a response. Lemme inform ya, the crypto neighborhood did not disappoint on that “response” half:

– Jameson Lopp, co-founder of Casa, identified that centralizing cash into a number of fingers will increase the systemic threat of loss and cuts Bitcoiners out of essential governance actions;

– Buterin commented that Saylor’s thought looks like pushing for a “regulatory seize method,” as lawmakers and legislation enforcement are cozy with these huge monetary establishments – which isn’t what crypto is about in any respect;

– Erik Voorhees, founding father of ShapeShift, additionally jumped in, saying that self-custody is one of the best protection towards the inevitable centralization and corruption that comes with huge establishments.

So, Saylor’s received the entire crypto business throwing fingers ‘trigger his thought goes towards Bitcoin’s complete level: placing monetary energy again into the fingers of the individuals. Positive, like Voorhees famous, not everybody must self-custody every little thing all the time – that is not sensible for each use case. However individuals ought to not less than understand how to take action and lean that method once they can.

📰 Information drops

🇦🇷 Buenos Aires made historical past with a brand new digital ID service, QuarkID, that protects resident privateness utilizing ZK proofs. It is now a part of town’s miBA app, the place locals can entry municipal companies and paperwork.

🎂 SEC chair Gary Gensler wished Bitcoin a cheerful “candy sixteen” forward of its white paper anniversary on October 31. And the present? Extra of the identical “regulation by enforcement” crackdown on crypto.

🥸 Meta’s experimenting with facial recognition tech to deal with deepfake celeb-bait rip-off advertisements on its platforms. The instrument checks pictures within the advertisements towards celebrities’ Fb and Instagram profile pics to catch the fakes.

🪐 An on-chain investigation claims that North Korean hackers may’ve had a hand in growing a part of Cosmos’ Liquid Staking Module (LSM). Now, Cosmos’ co-founder says they’re exploring methods to ditch LSM fully.

☁️ This collab provides devs real-time entry to blockchain information by way of Google Cloud’s Pub/Sub.

🍌 Juicy memes