🥷Could The Real Satoshi Please Stand Up?
GM Defiers!
HBO is set to air a new documentary claiming to have solved the mystery of Satoshi Nakamoto’s identity. Polymarket users are punting that it will name Len Sassaman, a cypherpunk who took their own life in 2011, as Bitcoin’s pseudonymous founder.
Markets rallied ahead of September’s CPI report, due to be released on Thursday. BTC and ETH jumped 2% while SOL and DOT gained 3% and 1%, respectively. Sui surged 20% to become the day’s top gainer.
EigenLayer attributed a recent EIGEN sale worth $5.6 million closely linked to a team wallet to a compromised email.
The transaction count of Ethereum’s scaling ecosystem has slumped to its lowest level since June. Base adoption continues to soar despite the pullback.
Plus, Aerodrome’s code license garners criticism, meme “cult” coins post heady gains, Binance’s CEX dominance crashes to a four-year low, UAE exempts crypto from VAT, and Puffer completes airdrop snapshot.
✍️ In today’s newsletter:
- HBO promises to unmask Satoshi Nakamoto
- Markets rally ahead of CPI, Fed minutes
- Hacker compromises EigenLayer investors’ email
- Ethereum L2 adoption falls despite Base growth
- Aerodrome under fire for closed code
- Former fund manager backs memecoins with “cult” support
- Binance’s market share drops to 36.6% of CEX volume
- UAE lures crypto firms with VAT exemptions
- Puffer snapshots airdrop eligibility
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👥 Who Is Satoshi? HBO Documentary Claims To Know And Sparks Polymarket Bets
HBO will air a documentary on Oct. 8 it claims will unmask Satoshi Nakamoto. Polymarket punters are betting the documentary is most likely to name cypherpunk Len Sassaman as Bitcoin’s mysterious founder, followed by Adam Back, the co-founder and CEO of Blockstream, Nick Szabo, the cryptographer and computer scientist, and Hal Finney, the deceased Bitcoin contributor.
📈Crypto Markets Rally Ahead of U.S. Inflation Report
BTC rose 1.7% to $63,800, while ETH climbed 1.5% to $2,500. Most major cryptocurrencies posted gains ahead of a busy week packed with significant U.S. economic data releases, including Federal Reserve meeting minutes and the Consumer Price Index (CPI).
📧 EigenLayer Blames Presumed $5.6M Insider EIGEN Dump On Email Compromise
EigenLayer said a hacker sold $5.6 million worth of EIGEN intended for an Eigen Labs investor through an email compromise. The sales set off alarm bells from onlookers who feared insiders were violating EIGEN’s vesting schedule.
📉 L2 Adoption Wanes Despite Base Activity Continuing To Surge
The combined throughput of Ethereum scaling networks has slumped to its lowest level since June as activity on Arbitrum and Linea dries up. Despite the pullback, Base’s active wallets and transaction count posted new highs last week.
🔎 Aerodrome Faces Criticism Over Code License Amid Rapid Growth
Sonic Labs’ Andre Cronje is firing shots at Aerodrome, the surging decentralized exchange, over its code license. Cronje claims the DEX co-opted code he developed for Solidly and placed a closed Business Source License on it.
In the everchanging DeFi ecosystem, it is important that you are on top of all the latest developments, that you have a clear overview of your portfolio, and that you are flexible enough to react properly depending on the circumstances that may arise.
Fortunately, interoperability, composability, and permissionless access are key characteristics of the majority of lending protocols, and these are the pillars of the Loan Shifting feature by the DeFi Saver team that we will discuss, which will help you effectively navigate the constantly changing landscape.
So, let’s begin.
READ MORE: How to seamlessly move your positions between protocols with DeFi Saver’s Loan Shifter?
🚀 Memecoin-Linked NFTs Rally on “Cult” Thesis
Memecoins held by the former fund manager Murad Mahmudov posted eye-watering gains last week. Mahmudov said meme tokens with “cult” support offer the main opportunity for retail traders to profit from the current digital asset landscape.
⬇️ Binance's Market Share Falls to Four-Year Low
Binance’s market share of crypto volume on centralized exchanges has dipped to a four-year low of 36.6%. OKX and Crypto.com are among the exchanges eating into Binance’s former dominance, with volume up more than 40% last month.
🇦🇪 UAE Rolls Out VAT Exemptions For Crypto Transactions
The United Arab Emirates is set to exclude cryptocurrency transfers and trades from VAT taxation from Nov. 15. The move comes as the UAE increasingly seeks to position itself as a global hub for digital asset firms.
🐡 Liquid Restaking Protocol Puffer Finance Preps for Airdrop
Puffer Finance, the second-largest liquid restaking protocol, completed a snapshot ahead of its long-awaited airdrop on Oct. 5. Puffer’s TVL posted the largest percentage gain among the top 10 LRT protocols over the past month.
🌍 ELSEWHERE
- Memecoin Moodeng on Ethereum Jumps 480% After Vitalik Buterin's Mention and Donation Sales (CoinDesk)
- U.S. moves to seize $2.7 million from Lazarus hacks traced through Tornado Cash, other mixers (The Block)
- Metaplanet buys average of 34 BTC per day in October Bitcoin buying spree (CryptoSlate)
- EIP-7781 Aims to Boost Ethereum Throughput by 50% (Unchained)
🔥TRENDING
- Aerodrome Faces Criticism Over Code License Amid Rapid Growth
- Memecoin-Linked NFTs Rally on “Cult” Thesis
- Binance's Market Share Falls to Four-Year Low
- Liquid Restaking Protocol Puffer Finance Preps for Airdrop
- Who Is Satoshi? HBO Documentary Claims To Know And Sparks Polymarket Bets
- Bitcoin and Ethereum Rally on Positive U.S. Jobs Report
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