Daily Report | HBO documentary suggests Peter Todd is Satoshi Nakamoto, Peter Todd has publicly denied it; FTX seeks to reach a settlement with former Alameda CEO, who will relinquish "all assets."
Highlights of October 9thOrganizer: Luan Peng, ChainCatcher
Important News:
- Telegram Founder: Telegram Achieved 10 App Feature Updates in One Day, Covering Gifts, Tags, and More
- Former Russian Investigator Sentenced to 16 Years for Accepting $73 Million Bitcoin Bribe, the Largest Bribery Case in the Country's History
- HBO Documentary Suggests Peter Todd is Satoshi Nakamoto, Peter Todd Has Publicly Denied
- Analysis: Reasons HBO Documentary Believes Peter Todd is Satoshi Nakamoto Include Posts, Spelling Habits, and More
- 20,000 People in Argentina Caught in a Fake Crypto Project Related to USDT, Victims Have Filed a Lawsuit
- FTX Seeks Settlement with Former Alameda CEO, Who Will Surrender "All Assets"
- 86-Year-Old Man Admits to Running Crypto Ponzi Scheme, Will Pay $14 Million
- Binance to Remove Spot Trading Pairs APE/ETH, ATOM/BNB, BAL/BTC, and Others
"What Important Events Happened in the Last 24 Hours"
Telegram founder Pavel Durov stated in his personal TG channel: "Yesterday I proposed 10 improvements to our app. We had the models ready the same day, and today, we have a fully functional version implementing these features.
These updates include 5 improvements for gifts, 3 improvements for tags, the ability to add media after sending messages, and the ability to view the time messages were edited. All of this took just one day."
According to Decrypt, former Russian investigator Marat Tambiyev was sentenced to 16 years in prison for accepting approximately $73 million in Bitcoin bribes during an investigation into organized crime. This amount exceeds five times the previous highest bribery amount in Russian history.
Marat Tambiyev was accused of transferring half of the criminal gang's Bitcoin into his own wallet, leaving the other half for the criminals. Investigators found Bitcoin wallet keys in a folder on his laptop named "pension."
Marat Tambiyev insisted in court that he was innocent and argued that his actions helped the state recover part of the gang's profits. According to Russian state media, he plans to appeal the verdict. Currently, one-third of the Bitcoin stored on Marat Tambiyev's computer has been recovered, while the whereabouts of the remaining portion remain unclear.
HBO Documentary Suggests Peter Todd is Satoshi Nakamoto, Peter Todd Has Publicly Denied
According to Cointelegraph, Cullen Hobak, the producer of HBO's documentary "Money Electric: The Bitcoin Mystery," presented evidence to Peter Todd and Blockstream founder Adam Back, concluding that Peter Todd is Satoshi Nakamoto.
The documentary ends with Peter Todd saying, "Yes, I am Satoshi Nakamoto." However, this acknowledgment does not specifically prove that this Canadian developer is the inventor of Bitcoin. Peter Todd cited "I am Satoshi Nakamoto" to support the privacy rights of the true inventor.
Peter Todd has publicly denied being the creator of Bitcoin and questioned Hobak's conclusion, as clips from the documentary leaked online before its premiere, seemingly pointing to him as Satoshi Nakamoto.
@tier10k posted on X that HBO's main reasons for believing Peter Todd is Satoshi Nakamoto (which he denies) are as follows:
- In 2010, Todd (from a new account) replied to Satoshi Nakamoto on bitcointalk; HBO claims he accidentally completed Satoshi's posts with his own account;
- Both accounts were not updated a few days later;
- Todd later deployed the "replace-by-fee" concept discussed in the posts;
- The documentary claims Todd used the pseudonym "John Dillon" to promote RBF;
- Both used British/Canadian spelling;
- Satoshi released a timeline that the documentary claims aligns with a student's timeline, posting more content on weekends;
- Todd once discussed "sacrificing" Bitcoin; the documentary claims this refers to destroying Satoshi's Bitcoin.
According to CryptoNews, up to 20,000 people in San Pedro, Argentina, have been caught in a fake crypto project related to USDT, promoted by some unknown actors.
Lawyers stated that the platform's operators promised to double investors' funds within six weeks and provided some investors with daily returns of 1% to 2% in USD. Currently, at least 50 victims are preparing to file a lawsuit against a company named Knight Consortium. This company operates a crypto platform called "RainbowEx," but it is not registered or legally supported.
Among the victims are some retirees, and some investors have been unable to withdraw funds for three weeks, causing widespread panic.
FTX Seeks Settlement with Former Alameda CEO, Who Will Surrender "All Assets"
According to Cointelegraph, FTX has filed a motion seeking court approval for a settlement agreement with former Alameda Research head Caroline Ellison.
Ellison has agreed to transfer assets not seized by the government or used for legal fees to FTX creditors. The motion states that once the terms are met, Ellison will only have certain personal physical properties left. She also promised to cooperate with FTX's investigations and lawsuits, sharing information obtained in her relationship with Alameda and Sam Bankman-Fried.
FTX stated that this settlement agreement would allow creditors to recover "almost all recoverable assets," and Ellison's cooperation would provide significant value.
A hearing on the proposed settlement is scheduled for November 20.
86-Year-Old Man Admits to Running Crypto Ponzi Scheme, Will Pay $14 Million
According to Cointelegraph, an 86-year-old former California lawyer was sentenced to five years of probation and ordered to pay nearly $14 million after admitting to running a multi-million dollar crypto Ponzi scheme.
On October 8, Las Vegas federal court judge Gloria Navarro sentenced David Kagel for pleading guilty to a conspiracy charge of commodity fraud in May.
Due to poor health, Kagel is currently receiving hospice care at a senior facility in Las Vegas, where he will serve his probation unless he leaves, at which point he will be required to wear a monitoring device. The government prosecutor who charged Kagel last year stated that from December 2017 to around June 2022, David Kagel and two accomplices lured victims into investing in fraudulent crypto bot trading schemes with promises of high returns and no risks.
Binance to Remove Spot Trading Pairs APE/ETH, ATOM/BNB, BAL/BTC, and Others
According to an official announcement, Binance will remove and cease trading for the spot trading pairs APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI at 03:00 (UTC) on October 11.
Bernstein: If Trump Wins the Presidential Election, Bitcoin Price Could Reach $80,000 to $90,000
Bernstein analysts reiterated their prediction that if Donald Trump wins the presidential election next month, Bitcoin prices could reach $80,000 to $90,000. While analysts expect Bitcoin to perform well in the long term regardless of the outcome, they noted that if Kamala Harris wins, Bitcoin might test the $40,000 range again.
This year, Trump has repositioned himself as a candidate supportive of cryptocurrencies—accepting cryptocurrencies as campaign donations and outlining policies to turn the U.S. into a "superpower" in Bitcoin mining, appointing a crypto-friendly SEC chair, and establishing a national strategic Bitcoin reserve. In contrast, Harris only recently mentioned cryptocurrencies in any speech or policy statement, making broader comments last month that she would encourage crypto businesses while protecting consumers, stating that the U.S. should "dominate" the blockchain space, and that digital assets are part of her "opportunity economy" vision.
While Bernstein analysts believe that Bitcoin will perform well in the long term against the backdrop of low interest rates, ongoing U.S. fiscal deficits, and unprecedented debt levels, the short-term reaction to the election could be substantial.
ZachXBT reported that 11 high-confidence wallets associated with MEME token KOL Murad Mahmudov were discovered, holding approximately $24 million in meme coins on Ethereum and Solana, for the community to monitor his future activities.
- All funds in these wallets come from the same Ethereum address;
- The source of funds is directly related to the assets held by the STFX team address/multisig signers, which are similar to the content he posts;
- Each Solana address continuously uses deBridge;
Modular AI Agent Base Layer Theoriq Launches Incentive Testnet
The modular AI agent base layer Theoriq announced the launch of its incentive testnet on X. According to the development roadmap previously published on its website, Theoriq is expected to launch its mainnet for services by "the end of 2024."
Meanwhile, the company will further develop its "Agent" during the testnet phase.
Additionally, according to Web3 asset data platform RootData, ChainML is a modular, composable AI agent base layer for machine learning and related complex data-driven computing in Web3. ChainML collaborates with leading Web3 protocols as a design partner to apply machine learning in DeFi, gaming, social, and data infrastructure. In May of this year, ChainML raised $6.2 million in a seed round expansion financing and launched an agent base layer called Theoriq.
OpenAI Requests Dismissal of Musk's Lawsuit Against the Company and Its Founder Sam Altman
OpenAI on Tuesday requested the dismissal of Musk's federal lawsuit against the company. Two months ago, Musk filed the lawsuit, accusing OpenAI of abandoning its founding mission to develop an open AI platform for "the benefit of humanity" in favor of profit maximization. In the dismissal motion submitted to the California federal court, OpenAI stated that Musk's lawsuit is the latest move in a "growing campaign to harass OpenAI for his own competitive advantage."
OpenAI's documents noted that Musk subsequently launched his own AI startup, xAI, claiming he "attempted to leverage the judicial system" to gain a competitive edge in the field. Musk has not commented on the document.
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Could Ethereum Throughput Increase by 50%? Quick Overview of the Community's New Proposal EIP-7781
Recently, a new improvement proposal (EIP) from the Ethereum community has sparked discussion. The new EIP-7781 proposal aims to enhance the overall throughput of the Ethereum network by shortening block times and increasing data processing capacity. This proposal was introduced by Ben Adams, co-founder of Illyriad Games, on October 5, and simply put, it aims to reduce block generation time from 12 seconds to 8 seconds, increasing the data processing capacity of blocks and improving throughput by 50%. Additionally, it plans to reduce fees on Ethereum Layer 2 networks by increasing rollup-based delays.
Ben Adams described EIP-7781 as increasing transaction throughput by about 33% without increasing the number of individual blocks or blobs; allocating bandwidth usage over time to reduce peak bandwidth demand and maintain network efficiency; equivalent to increasing the number of blobs from 6 to 8 or increasing the gas limit from 30M to 40M; however, this method does not increase peak bandwidth.
Ethereum Foundation researcher Justin Drake expressed support for this proposal. He believes that shortening the slot time to 8 seconds will significantly enhance the network's overall performance and user experience. This change could not only increase network throughput by 50% and improve efficiency for decentralized exchanges (like Uniswap v3), saving about $100 million annually in CEX-DEX arbitrage costs, but also optimize the user experience of Layer 1 smart contracts by reducing confirmation times by one-third. Additionally, reducing slot time could better allocate peak loads, balancing resource utilization for execution clients during non-validated peak periods, aligning with Ethereum's long-term scalability goals. Despite the risk of intensified time gaming, Justin Drake believes this change is a key step toward a more efficient and scalable network.
Three Arrows Capital Returns to Establish Meme Fund, but 80% of Supply Concentrated Among Insiders
Three days ago, 3AC launched a meme fund called $3AC. Users on @bubblemaps quickly discovered that 80% of the supply is concentrated in a single cluster.
However, curiosity drove me to delve deeper—what exactly are Su and Kyle up to? Are these two former billionaires really making a comeback?
On October 8, the first day after the National Day holiday, the "sentimental bull market" in A-shares continued: this morning, A-shares opened with the Shanghai Composite Index rising 10.13%, the Shenzhen Component Index rising 12.67%, and the ChiNext Index rising 18.44%; the A-share securities sector hit the daily limit, and stock index futures all hit the daily limit; the trading volume of the Shanghai and Shenzhen stock markets exceeded 2.5 trillion yuan for the second consecutive trading day; the trading volume of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the fifth consecutive trading day, taking only 20 minutes, setting a historical record for the fastest trillion; today, the Shanghai Composite Index once surged past 3600 points, and finally, the total trading volume of the Shanghai and Shenzhen stock markets reached 34,519.39 billion yuan, an increase of 8,589.02 billion yuan compared to the previous day.
Meanwhile, the ripple effect of the A-share investment frenzy is gradually transmitting to the crypto market: the USDT C2C price briefly fell about 1% this morning, currently reported at 6.9 RMB, while the USDT to RMB exchange rate has dropped below 7, lower than the USD to RMB exchange rate, indicating that some funds from the crypto market have already "fled" to traditional financial markets like A-shares.
As we mentioned in our previous article "A-shares Break 3300 Points to Stand Tall, Cryptocurrency vs. Stock Market 2024 Correlation Node Review": "Limited by the smaller market size, the already scarce liquidity in cryptocurrencies may further flow back," today's market performance also indirectly supports this point; on the other hand, the sentimental bull market in A-shares may drive further increases in related concept tokens, facilitating more funds to "join the edges of this feast."
In light of this, this article provides a brief overview of "China concept" related token projects for crypto readers' reference.
Base Founder Jesse Answers 100 Questions from the Community
Base may soon become the new king of L2.
Data from Dune and DeFilama shows that from October 6, 2023, to October 6, 2024, Base's revenue increased by $64.57 million, surpassing the second-place Arbitrum by $7 million; TVL grew by $1.8 billion over the year, with a current total TVL of $2.26 billion, while Arbitrum's TVL increased by $700 million over the same period, totaling $2.39 billion; Base's weekly transaction count reached 35 million, with daily transactions in recent months more than double that of the second-place Arbitrum; the number of active addresses on Base increased by 59 million. Almost all key data metrics are leading, making Base one of the best-performing public chains currently.
Last fall, Jesse launched Base, and in a year, Base stood out from dozens of L2s.
This fall (October 1), Jesse joined Coinbase's executive team as one of eight core executives. In addition to Base, Jesse will also oversee the important product Coinbase Wallet, responsible for almost all on-chain operations of Coinbase, the largest cryptocurrency exchange in the U.S.
On October 2, Jesse answered questions from all users on Warpcast (Base's ecological social platform), systematically addressing his and Base's development plans for the coming year.
In this AMA, Jesse answered nearly 100 questions covering topics such as: "Potential future products for Base: unsecured loans, regional stablecoins, Web3 social and creator tools," "Next steps for Base and Coinbase Wallet," "Infrastructure and applications on the Base ecosystem, such as Warpcast, Moxie, etc.," "Views on memes, such as degen, basegod," "Personal interests and emotional life," etc. Foresight News selected 60 of these questions and categorized them for readers.
A case involving nearly $200 million worth of missing Solana tokens has drawn attention to FalconX, a cryptocurrency brokerage and the world's first CFTC-registered cryptocurrency swap dealer.
