HBO Documentary Claims Peter Todd Is Bitcoin Creator Satoshi Nakamoto
HBO’s new documentary “Money Electric: The Bitcoin Mystery” alleges that early Bitcoin developer Peter Todd is the pseudonymous creator of Bitcoin, Satoshi Nakamoto. Todd quickly denied the claim in a post on the X platform, reigniting the debate over Nakamoto’s identity. Directed by Cullen Hoback, the documentary focuses on Todd after investigating several leads, but Todd’s vague answers leave room for interpretation. The revelation has sparked controversy online, and the documentary’s conclusions have been criticized by many. Despite years of speculation, Nakamoto’s identity remains a hot topic, with Nakamoto potentially worth $68 billion in Bitcoin.
Canary Capital Files Spot XRP Exchange-Traded Fund with SEC
Canary Capital has filed a spot XRP exchange-traded fund (ETF) application with the US SEC, becoming the second firm to seek approval this month. The ETF aims to give investors access to XRP through traditional brokerage accounts without the hassle of owning it directly. Canary Capital founder Steven McClurg cited a more favorable regulatory environment and growing investor demand for assets beyond Bitcoin and Ethereum as motivations for the move. If approved, the ETF could face challenges due to the SEC’s ongoing lawsuit against Ripple and efforts to classify XRP as an unregistered security.
TON Blockchain Reaches 100 Million Users as Ecosystem Grows
The Open Network (TON), a layer-1 blockchain connected to Telegram, has reached 100 million unique wallet addresses, increasing its active users by 95% since the beginning of 2024. The main reason behind this increase is the popularity of Telegram-based tap-to-earn games like Notcoin and Hamster Kombat. These games have managed to attract millions of users. However, TON’s native token, Toncoin, is currently trading at $5.19, down 37% from its peak price of $8.24 in June 2024. Many investors are in loss, but the expansion of the ecosystem could lead to a price recovery.
Robinhood Executive Could Head SEC in Trump Administration
If Donald Trump wins the presidency, Robinhood’s Chief Legal Officer Dan Gallagher could be a strong candidate to head the US SEC, signaling a major shift in cryptocurrency regulation. Gallagher, a former SEC commissioner, has criticized current SEC Chairman Gary Gensler’s tough stance on the crypto industry and has suggested a more specific regulatory framework. However, Robinhood’s ongoing legal issues with the SEC could present challenges for Gallagher if he wins the position. Other potential candidates include former CFTC Chairman Chris Giancarlo and current SEC Commissioner Hester Peirce.
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BITCOIN (BTC)
BTC is priced at $62,408 with a 0.40% gain as of the morning hours. In the technical analysis conducted in the 4-hour time frame, support and resistance levels and trend lines were examined. The upper resistance was determined as 66,000, the middle resistance as 64,000, the lower support as 60,000 and the lowest support level as 52,555. In the analysis, it was observed that the rising trend line was broken and the price fell below this line. The price retreated after testing the resistance at 64,000 and is currently trading at 62,360. The break of the rising trend line indicates that the downtrend may continue. In this case, the 60,000 USDT level should be carefully monitored as an important support.
ETHEREUM (ETH)
ETH is priced at $2444 with a 0.13% gain as of the morning hours. In the technical analysis conducted on the 4-hour time frame, support and resistance levels were examined. The upper resistance was determined as 2,819.69, the middle resistance as 2,680.00, the lower support as 2,338.99 and the lowest support level as 2,168.07. The price pulled back after testing the resistance at 2,461.59 and is currently trading at 2,431.22. The 2,338.99 level should be monitored as an important support and the price must close above 2,461.59 in order for the uptrend to continue.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5330 with a 0.38% gain. In the technical analysis made in the 4-hour time frame, support and resistance levels were examined. The upper resistance was determined as 0.6500, the middle resistance as 0.5900, the lower support as 0.5200 and the lowest support level as 0.4900. The price retreated after testing the resistance at 0.5900 and is currently trading at 0.5307. The 0.5200 USDT level should be monitored as an important support and the price must close above 0.5900 in order for the uptrend to continue.
AVALANCHE (AVAX)
AVAX is priced at $26.40 with a 0.15% gain as of the morning hours. In the technical analysis conducted on the 4-hour time frame, support and resistance levels were evaluated. The upper resistance was determined as 28.00, the middle support as 24.69, the lower support as 22.82 and the lowest support as 21.88. The price pulled back after testing the resistance at 28.00 and is currently trading at 26.65. The 24.69 level should be monitored as an important support and the price must close above 28.00 for the uptrend to continue.
SOLANA (SOL)
SOL is priced at $143.42 with a 0.06% loss in value as of the morning hours. It rose to $162. In the technical analysis made in the 4-hour time frame, support and resistance levels were determined. Upper resistance was recorded as 163.70, medium resistance as 152.00, medium support as 144.00 and lower support as 134.00. The price pulled back after testing the resistance at 152.00 and is currently trading at 143.27. The 144.00 level should be monitored as an important support and the price must close above 152.00 in order for the uptrend to continue.
