The Blockchain Bulletin, Feb 19: Is Jack Dorsey the legendary Satoshi Nakamoto?
Hey folks! Let’s gear up for another adventurous day in the crypto space. Over the last 24 hours, 143,540 traders were liquidated, for a total of $348.19 million. The largest single liquidation order was on Binance – BTCUSDT, valued at $7.58M. Following the allegations piled against him, Argentina President Javier Milei claimed that he did not promote the coin but only spread the word about it. He further insisted that the majority of the losses were for the Chinese and American investors and not for the locals.
On the other hand, Hayden Davis spilled beans on the master plan related to the LIBRA scandal. In an interview, he stated that there was a three-stage promotional plan that ultimately faltered due to unexpected developments. He further mentioned of receiving specific instructions not to reinject liquidity until Milei’s second video appeared, which apparently did not arrive. In a bid to clear its name, the Jupiter exchange announced that it had no connections with the scandal and has hired a law firm to investigate the matter. Further, Ben Chow, the head of the Meteora project, affiliated with Jupiter has resigned following the scam.
Related: DOGE to Investigate SEC Amid Social Security Data Scandal
In a dramatic turn of events, Jack Dorsey, the co-founder of Twitter is claimed to be the face of Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Although this is not the first time that the claims were made, speculations were rife after Dorsey’s cryptographic background aligned with Bitcoin’s important events, namely, BTC’s first transaction coincided with Dorsey’s mother’s birthday. Further, his involvement with the cypherpunk movement strengthened the Bitcoin inventor theory.
On the regulation front, the U.S. SEC has held back cases of Coinbase and Binance and this has caused a stir in the community, with many seeking the same for Ripple. Amid the developments, the crypto market is experiencing a volatile movement. Ethereum’s price spiked after whales consistently stacked ETH, creating upward pressure for the asset. With the defunct crypto exchange FTX repaying creditors, market observers state that it could add pressure to Bitcoin. The coin which is trading at $95K as of press time would likely fall to $91K if weak trends continue.
Related: Ethereum Faces Bearish Pressure: Will It Break Resistance?
Michael Saylor, known for his Bitcoin accumulation, has announced plans to raise $2B via a private offering of convertible senior notes to buy more BTC. At present, the Strategy firm holds 478,740 Bitcoins acquired for $31.1 billion at $65,033 per Bitcoin. On the institutional side, Hyperliquid Finance launched HyperEVM mainnet to boost efficiency and security across the network.
Further, HyperBFT ensures secure EVM transactions, removing the need for additional validation layers. On the other hand, OKX announced that it received its MiCA license and will be officially operating in Europe while Hong Kong is on plans to combine physical gold with blockchain technology and boost the financial market.
