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BOJ Hike Watch: Why Japan’s Next Move Has Traders on Edge WorldwideLast week, the U.S. Federal Reserve trimmed the federal funds rate by a quarter point, and markets are now betting that the January Federal Open Market Committee (FOMC) meeting delivers no adjustment. Attention has since shifted to the Bank of Japan (BOJ), where expectations are building that the central bank will lift its short-term interbank rate next week. Japan’s central bank is set to convene its Monetary Policy Meeting (MPM) on Dec. 18–19, 2025, with the decision expected on the second day. Markets are bracing for a possible increase to 0.75% from 0.5%, a move that would formally close the chapter on the world’s last remaining negative interest rate regime. When it comes to interest rates, Japan has long stood apart as a global outlier. The BOJ has persisted with negative short-term rates and tight control over long-term bond yields through its Yield Curve Control (YCC) framework, even as other major central banks moved on to rate increases. Many analysts believe this marks the definitive end of the “Carry Trade.” In simple terms, the strategy involved borrowing low-cost yen and deploying it into higher-yielding assets overseas. The trade only holds together as long as yen funding stays exceptionally cheap and the currency remains steady or drifts lower. At present, leading prediction markets Polymarket and Kalshi are signaling strong odds that the BOJ will deliver a 25 basis point (bps) increase. Polymarket traders are overwhelmingly penciling in a quarter-point rate increase from the BOJ, with probabilities hovering near 98%. Every other scenario — no change, a larger move, or a cut — has been largely cast aside, each sitting at 2% or lower, reflecting a near lock that a quarter-point step is the market’s central expectation. Kalshi traders echo that conviction. A 21–40 basis-point hike at the BOJ meeting next week carries roughly 95% odds, while the chances of no change rest near 2% and a cut barely registers at under 1%. In plain terms, the market is wagering that Japan’s central bank is ready to act. For Federal Reserve rate decisions, traders can lean on the CME Fedwatch tool to gauge expectations ahead of each meeting, while there is no comparable tool for tracking BOJ rate moves. However, to estimate the odds of a BOJ hike, individuals or institutions can look to futures pricing — specifically 3-Month TONA futures, which capture how traders are wagering on future interest rates. At present, the implied average rate blends the current 0.5% for the early part of the period with the possibility of a higher level later on. When that figure is weighed against today’s rate and adjusted for timing, the calculation points to roughly an 89% chance of a quarter-point increase. Many believe this particular rate increase may affect equities and crypto assets. U.S. stocks ended lower on Friday across the board, led by a sharp Nasdaq drop of nearly 400 points. The Dow, S&P 500, and NYSE Composite also closed in the red. In Japan, data shows the Nikkei closing near 50,800 and the Topix around 3,420, pointing to broad gains after a session that opened with uneven trading. Some observers now expect bitcoin to retreat on a BOJ rate hike, a view gaining traction on X as users circulate the theory. “Bank of Japan is set to hike rates +25 bps on Dec 19. Japan = largest holder of US government debt,” one user wrote. “Every BoJ rate hike → Bitcoin dumps over 20%+” Another user, sharing a chart, added: “Japan rate hikes’ effect on bitcoin—The next one is most likely on Friday, 19th.” That view has fueled speculation that the move could act as another trigger pushing BTC toward the $75,000 range. Whether that scenario plays out remains an open question and will not be answered until the BOJ makes its move. BTC is already down 29% from its $126,000-plus all-time high, and another hit to its valuation could prove painful. Theories like these are scattered widely across X and other social media platforms. For now, markets remain in wait-and-see mode, with the BOJ holding the final card. Prediction markets, futures pricing, and social media chatter all point to a rate hike, but conviction does not equal certainty. If Japan does move, global ripples are likely, testing everything from equity momentum to bitcoin’s resolve. Until that decision lands, traders are left navigating probabilities, not outcomes, and positioning for a moment that could reset expectations fast. #PEPEATH #kdmrcrypto #VeChainNodeMarketplace #BinanceHerYerde #xmucan

BOJ Hike Watch: Why Japan’s Next Move Has Traders on Edge Worldwide

Last week, the U.S. Federal Reserve trimmed the federal funds rate by a quarter point, and markets are now betting that the January Federal Open Market Committee (FOMC) meeting delivers no adjustment. Attention has since shifted to the Bank of Japan (BOJ), where expectations are building that the central bank will lift its short-term interbank rate next week.
Japan’s central bank is set to convene its Monetary Policy Meeting (MPM) on Dec. 18–19, 2025, with the decision expected on the second day. Markets are bracing for a possible increase to 0.75% from 0.5%, a move that would formally close the chapter on the world’s last remaining negative interest rate regime. When it comes to interest rates, Japan has long stood apart as a global outlier.
The BOJ has persisted with negative short-term rates and tight control over long-term bond yields through its Yield Curve Control (YCC) framework, even as other major central banks moved on to rate increases. Many analysts believe this marks the definitive end of the “Carry Trade.”
In simple terms, the strategy involved borrowing low-cost yen and deploying it into higher-yielding assets overseas. The trade only holds together as long as yen funding stays exceptionally cheap and the currency remains steady or drifts lower. At present, leading prediction markets Polymarket and Kalshi are signaling strong odds that the BOJ will deliver a 25 basis point (bps) increase.
Polymarket traders are overwhelmingly penciling in a quarter-point rate increase from the BOJ, with probabilities hovering near 98%. Every other scenario — no change, a larger move, or a cut — has been largely cast aside, each sitting at 2% or lower, reflecting a near lock that a quarter-point step is the market’s central expectation.
Kalshi traders echo that conviction. A 21–40 basis-point hike at the BOJ meeting next week carries roughly 95% odds, while the chances of no change rest near 2% and a cut barely registers at under 1%. In plain terms, the market is wagering that Japan’s central bank is ready to act. For Federal Reserve rate decisions, traders can lean on the CME Fedwatch tool to gauge expectations ahead of each meeting, while there is no comparable tool for tracking BOJ rate moves.
However, to estimate the odds of a BOJ hike, individuals or institutions can look to futures pricing — specifically 3-Month TONA futures, which capture how traders are wagering on future interest rates. At present, the implied average rate blends the current 0.5% for the early part of the period with the possibility of a higher level later on.
When that figure is weighed against today’s rate and adjusted for timing, the calculation points to roughly an 89% chance of a quarter-point increase.
Many believe this particular rate increase may affect equities and crypto assets. U.S. stocks ended lower on Friday across the board, led by a sharp Nasdaq drop of nearly 400 points. The Dow, S&P 500, and NYSE Composite also closed in the red.
In Japan, data shows the Nikkei closing near 50,800 and the Topix around 3,420, pointing to broad gains after a session that opened with uneven trading. Some observers now expect bitcoin to retreat on a BOJ rate hike, a view gaining traction on X as users circulate the theory. “Bank of Japan is set to hike rates +25 bps on Dec 19. Japan = largest holder of US government debt,” one user wrote. “Every BoJ rate hike → Bitcoin dumps over 20%+”
Another user, sharing a chart, added: “Japan rate hikes’ effect on bitcoin—The next one is most likely on Friday, 19th.” That view has fueled speculation that the move could act as another trigger pushing BTC toward the $75,000 range. Whether that scenario plays out remains an open question and will not be answered until the BOJ makes its move. BTC is already down 29% from its $126,000-plus all-time high, and another hit to its valuation could prove painful.
Theories like these are scattered widely across X and other social media platforms. For now, markets remain in wait-and-see mode, with the BOJ holding the final card. Prediction markets, futures pricing, and social media chatter all point to a rate hike, but conviction does not equal certainty. If Japan does move, global ripples are likely, testing everything from equity momentum to bitcoin’s resolve.
Until that decision lands, traders are left navigating probabilities, not outcomes, and positioning for a moment that could reset expectations fast.
#PEPEATH
#kdmrcrypto
#VeChainNodeMarketplace
#BinanceHerYerde
#xmucan
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Haussier
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Haussier
Oil Rockets Toward $120 as Middle East Strikes Hammer Energy InfrastructureThe global benchmark briefly touched $116 before easing slightly, capping a dramatic climb of more than 60% since late February, when prices hovered below $73. The latest move follows a wave of Iranian missile and drone strikes targeting critical oil and gas facilities across Qatar, Kuwait, the United Arab Emirates (UAE), and Saudi Arabia. The escalation marks a turning point in the conflict that began Feb. 28, when U.S. and Israeli forces launched Operation Epic Fury, targeting Iranian nuclear and military infrastructure. While early exchanges avoided major production hubs, that restraint collapsed this week after strikes hit Iran’s South Pars gas field, the world’s largest. Iran responded swiftly, declaring Gulf energy infrastructure “legitimate targets” and issuing warnings to evacuate facilities across the region. Within hours, key sites tied to global supply chains came under fire. In Qatar, missiles struck Ras Laffan Industrial City, the world’s largest LNG export hub responsible for nearly one-fifth of global shipments. Fires and damage were reported, though production had already been curtailed earlier in the conflict Kuwait reported drone strikes on facilities tied to the Mina al-Ahmadi and Mina Abdullah refineries, both of which experienced fires that were later contained. No casualties were reported, though the incidents added to mounting concerns over regional output stability. facilities and Bab oil field following missile threats and debris from interceptions. Saudi Arabia reported limited damage after an aerial attack targeted the SAMREF refinery in Yanbu, while additional missiles aimed at Riyadh were intercepted. The market reaction was swift. Brent crude jumped as much as 11% within a day before stabilizing in the $114 to $116 range. West Texas Intermediate lagged, trading near $96 to $98, as U.S. strategic reserve releases tempered domestic price pressure. Natural gas markets also reacted sharply. European benchmark prices rose between 16% and 35% in a single session, reflecting fears that disruptions are shifting from shipping routes to actual production losses. The Strait of Hormuz, which carries roughly 20% of global oil flows, remains largely blocked, cutting regional exports by at least 60% compared with pre-conflict levels. Analysts now warn that the situation has evolved beyond logistics constraints into a direct supply shock.The Strait of Hormuz, which carries roughly 20% of global oil flows, remains largely blocked, cutting regional exports by at least 60% compared with pre-conflict levels. Analysts now warn that the situation has evolved beyond logistics constraints into a direct supply shock. Energy experts say the difference matters. Supply outages tied to infrastructure damage are far more difficult to restore than rerouting tankers or adjusting shipping lanes, raising the stakes for both markets and policymakers. U.S. officials are reportedly weighing options to reopen tanker routes, while Gulf producers attempt to reroute exports where possible. Still, the loss of capacity, combined with ongoing attacks, has left markets pricing in further escalation. Analysts note that prices could push toward $130 if strikes expand or persist, while any diplomatic breakthrough could ease pressure. For now, traders are reacting to real disruptions, not just geopolitical risk.#ZE_TRAD🐂 #FIT21 #VeChainNodeMarketplace #HotTrends #BTCSurpasses$80K

Oil Rockets Toward $120 as Middle East Strikes Hammer Energy Infrastructure

The global benchmark briefly touched $116 before easing slightly, capping a dramatic climb of more than 60% since late February, when prices hovered below $73. The latest move follows a wave of Iranian missile and drone strikes targeting critical oil and gas facilities across Qatar, Kuwait, the United Arab Emirates (UAE), and Saudi Arabia.
The escalation marks a turning point in the conflict that began Feb. 28, when U.S. and Israeli forces launched Operation Epic Fury, targeting Iranian nuclear and military infrastructure. While early exchanges avoided major production hubs, that restraint collapsed this week after strikes hit Iran’s South Pars gas field, the world’s largest.
Iran responded swiftly, declaring Gulf energy infrastructure “legitimate targets” and issuing warnings to evacuate facilities across the region. Within hours, key sites tied to global supply chains came under fire.
In Qatar, missiles struck Ras Laffan Industrial City, the world’s largest LNG export hub responsible for nearly one-fifth of global shipments. Fires and damage were reported, though production had already been curtailed earlier in the conflict
Kuwait reported drone strikes on facilities tied to the Mina al-Ahmadi and Mina Abdullah refineries, both of which experienced fires that were later contained. No casualties were reported, though the incidents added to mounting concerns over regional output stability.
facilities and Bab oil field following missile threats and debris from interceptions. Saudi Arabia reported limited damage after an aerial attack targeted the SAMREF refinery in Yanbu, while additional missiles aimed at Riyadh were intercepted.
The market reaction was swift. Brent crude jumped as much as 11% within a day before stabilizing in the $114 to $116 range. West Texas Intermediate lagged, trading near $96 to $98, as U.S. strategic reserve releases tempered domestic price pressure.
Natural gas markets also reacted sharply. European benchmark prices rose between 16% and 35% in a single session, reflecting fears that disruptions are shifting from shipping routes to actual production losses.
The Strait of Hormuz, which carries roughly 20% of global oil flows, remains largely blocked, cutting regional exports by at least 60% compared with pre-conflict levels. Analysts now warn that the situation has evolved beyond logistics constraints into a direct supply shock.The Strait of Hormuz, which carries roughly 20% of global oil flows, remains largely blocked, cutting regional exports by at least 60% compared with pre-conflict levels. Analysts now warn that the situation has evolved beyond logistics constraints into a direct supply shock.
Energy experts say the difference matters. Supply outages tied to infrastructure damage are far more difficult to restore than rerouting tankers or adjusting shipping lanes, raising the stakes for both markets and policymakers.
U.S. officials are reportedly weighing options to reopen tanker routes, while Gulf producers attempt to reroute exports where possible. Still, the loss of capacity, combined with ongoing attacks, has left markets pricing in further escalation.
Analysts note that prices could push toward $130 if strikes expand or persist, while any diplomatic breakthrough could ease pressure. For now, traders are reacting to real disruptions, not just geopolitical risk.#ZE_TRAD🐂
#FIT21
#VeChainNodeMarketplace
#HotTrends
#BTCSurpasses$80K
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$VET /USDT – Technical Analysis Price is forming a symmetrical triangle (lower highs + higher lows). This typically signals compression before a breakout. Key Levels Resistance (descending trendline): ~0.0074–0.0075 Support (ascending trendline): ~0.0070–0.0071 Price is nearing the apex → breakout likely soon. Momentum (RSI) RSI around 50–52 → neutral. No strong divergence → confirms consolidation phase. Bias Neutral → breakout-dependent. Given prior trend was bearish, there’s a slight downside risk bias, but structure is balanced. Scenarios Bullish breakout: Break + close above 0.0075 → target ~0.0080–0.0083 Bearish breakdown: Lose 0.0070 → target ~0.0066–0.0064 Takeaway This is a wait-for-break setup. Avoid guessing direction — let the breakout confirm with volume.#VeChainNodeMarketplace {future}(VETUSDT)
$VET /USDT – Technical Analysis
Price is forming a symmetrical triangle (lower highs + higher lows).
This typically signals compression before a breakout.
Key Levels
Resistance (descending trendline): ~0.0074–0.0075
Support (ascending trendline): ~0.0070–0.0071
Price is nearing the apex → breakout likely soon.
Momentum (RSI)
RSI around 50–52 → neutral.
No strong divergence → confirms consolidation phase.
Bias
Neutral → breakout-dependent.
Given prior trend was bearish, there’s a slight downside risk bias, but structure is balanced.
Scenarios
Bullish breakout:
Break + close above 0.0075 → target ~0.0080–0.0083
Bearish breakdown:
Lose 0.0070 → target ~0.0066–0.0064
Takeaway
This is a wait-for-break setup.
Avoid guessing direction — let the breakout confirm with volume.#VeChainNodeMarketplace
I suspect you got to the right answer': New Satoshi documentary makes the case Hal Finney and Len SaFor most of the 18 years since the nine-page Bitcoin whitepaper was published on Oct. 31, 2008, amid the turmoil of the great financial crisis, many have rightly or wrongly speculated about the identity of its pseudonymous creator, Satoshi Nakamoto. Attempts to unveil Satoshi have continued ever since, spurred on by the pseudonymous creator's disappearance from public view in 2011. A Newsweek story in 2014 focused on Japanese American systems engineer Dorian Prentice Satoshi Nakamoto, while others theorized that Bitcoin could be a CIA-controlled project, to which one expert in the documentary quipped, "I don't think our government is competent enough to do something that smart." While the ideas put forth in many similar documentaries were ultimately dismissed, "Finding Satoshi," directed by Tucker Tooley and Matthew Miele, attempts to avoid rehashing existing theories with a character-driven investigation that, while surfacing many familiar names, reaches an interesting conclusion. The film, viewed in advance of its release by The Block, depicts a four-year investigation led by New York Times author, financial journalist, and former M&A investment banker William D. Cohan alongside Quest Research and Investigations' team of private investigators led by Tyler Maroney, drawing on experts across cryptography, programming, and linguistics. Cohan had originally set out on the documentary interviewing various figureheads from within the industry, including Katie Haun, the former DOJ prosecutor who led investigations tied to Silk Road and Mt. Gox and later founder and CEO of Haun Ventures; Brian Brookes, the former CLO at Coinbase, CEO at BinanceUS, CEO at Bitfury and Acting Comptroller of the Currency; and Joseph Lubin, co-founder of Ethereum and CEO of Consensys. However, he found little willingness to engage directly on the question of Satoshi's identity. Cohan told The Block he is not entirely sure why they were so reluctant. "Part of it was, I think, that it was just irrelevant more than a decade after Satoshi wrote his whitepaper and Bitcoin was born," he said. "So, why bother? Part of it, too, might have been that what if we discovered that Satoshi was an evil person… that news could destroy the wealth that they had built up in their bitcoin ownership. In any event, it spurred us all on to try to uncover Satoshi's identity — and I think we did." So instead, Cohan turned to Maroney and the broader QRI team. QRI's focus is on investigations in the public interest that are very difficult to crack, according to Maroney, and sought to approach the task with empirical evidence and expert testimony from people that Cohan and many earlier documentaries had not spoken to. QRI outlined six of the most credible, yet usual suspects: Adam Back, cryptographer, CEO of Blockstream, and creator of the Bitcoin whitepaper-referenced Hashcash; Nick Szabo, computer scientist, and creator of Bitcoin precursor Bit Gold; Hal Finney, software developer, creator of Hashcash successor RPOW (Reusable Proof of Work), and the first recipient of bitcoin from Satoshi Nakamoto; Len Sassaman, systems engineer and academic; Paul Le Roux, encryption programmer, and convicted criminal; and Wei Dai, computer engineer and creator of Bitcoin precursor B-money, also referenced in the whitepaper. price ticker sponsor logo BTCUSD $78,546.32 0.81% ETHUSD $2,311.61 1.10% BCHUSD $447.15 -0.85% LTCUSD $55.35 -0.34% XRPUSD $1.39 0.61% feature 'I suspect you got to the right answer': New Satoshi documentary makes the case Hal Finney and Len Sassaman were Bitcoin's co-creators By James Hunt People•April 22, 2026, 9:01AM EDT Make us preferred on Google Share 'I suspect you got to the right answer': New Satoshi documentary makes the case Hal Finney and Len Sassaman were Bitcoin's co-creators Partner offers Quick Take “Finding Satoshi” makes the case that Hal Finney and Len Sassaman were Bitcoin’s co-creators, documenting the latest effort to uncover Nakamoto’s identity. The film follows a four-year investigation led by New York Times bestselling author William D. Cohan and private investigator Tyler Maroney. We'd love your feedback. Start Survey Advertisement For most of the 18 years since the nine-page Bitcoin whitepaper was published on Oct. 31, 2008, amid the turmoil of the great financial crisis, many have rightly or wrongly speculated about the identity of its pseudonymous creator, Satoshi Nakamoto. Attempts to unveil Satoshi have continued ever since, spurred on by the pseudonymous creator's disappearance from public view in 2011. A Newsweek story in 2014 focused on Japanese American systems engineer Dorian Prentice Satoshi Nakamoto, while others theorized that Bitcoin could be a CIA-controlled project, to which one expert in the documentary quipped, "I don't think our government is competent enough to do something that smart." While the ideas put forth in many similar documentaries were ultimately dismissed, "Finding Satoshi," directed by Tucker Tooley and Matthew Miele, attempts to avoid rehashing existing theories with a character-driven investigation that, while surfacing many familiar names, reaches an interesting conclusion. The film, viewed in advance of its release by The Block, depicts a four-year investigation led by New York Times author, financial journalist, and former M&A investment banker William D. Cohan alongside Quest Research and Investigations' team of private investigators led by Tyler Maroney, drawing on experts across cryptography, programming, and linguistics. Cohan had originally set out on the documentary interviewing various figureheads from within the industry, including Katie Haun, the former DOJ prosecutor who led investigations tied to Silk Road and Mt. Gox and later founder and CEO of Haun Ventures; Brian Brookes, the former CLO at Coinbase, CEO at BinanceUS, CEO at Bitfury and Acting Comptroller of the Currency; and Joseph Lubin, co-founder of Ethereum and CEO of Consensys. However, he found little willingness to engage directly on the question of Satoshi's identity. Cohan told The Block he is not entirely sure why they were so reluctant. "Part of it was, I think, that it was just irrelevant more than a decade after Satoshi wrote his whitepaper and Bitcoin was born," he said. "So, why bother? Part of it, too, might have been that what if we discovered that Satoshi was an evil person… that news could destroy the wealth that they had built up in their bitcoin ownership. In any event, it spurred us all on to try to uncover Satoshi's identity — and I think we did." So instead, Cohan turned to Maroney and the broader QRI team. QRI's focus is on investigations in the public interest that are very difficult to crack, according to Maroney, and sought to approach the task with empirical evidence and expert testimony from people that Cohan and many earlier documentaries had not spoken to. The candidates QRI outlined six of the most credible, yet usual suspects: Adam Back, cryptographer, CEO of Blockstream, and creator of the Bitcoin whitepaper-referenced Hashcash; Nick Szabo, computer scientist, and creator of Bitcoin precursor Bit Gold; Hal Finney, software developer, creator of Hashcash successor RPOW (Reusable Proof of Work), and the first recipient of bitcoin from Satoshi Nakamoto; Len Sassaman, systems engineer and academic; Paul Le Roux, encryption programmer, and convicted criminal; and Wei Dai, computer engineer and creator of Bitcoin precursor B-money, also referenced in the whitepaper. One of the first people QRI spoke to was Bjarne Stroustrup, creator of C++, the programming language used for Bitcoin, who said, looking at the Bitcoin code, that Satoshi Nakamoto was a "reasonably good C++ programmer for the time," that would have been proficient in C++, not just C — with Back, Dai, and Le Roux all fitting the bill. Szabo and Sassaman were not known to write in C++, and Finney was less known to use it. Another link the investigators highlighted was that all of the candidates, except Le Roux, were very active in a 1990s group of coders called the cypherpunks, who had a very libertarian-leaning philosophy. Phil Zimmerman, who founded PGP (Pretty Good Privacy), which created true email encryption, is seen by many as the "OG cypherpunk," with both Finney and Sassaman having previously worked at PGP for Zimmerman. Asked by Maroney whether anyone he worked with at PGP could have been part of the formative team that put together Bitcoin, Zimmerman was visibly reluctant to answer. While focusing on email encryption, PGP also explored several other areas, including digital cash. Finney and Sassaman Maroney spoke to Alyssa Blackburn, a data scientist at the Baylor College of Medicine and specialist in early Bitcoin mining. She identified around 64 major players during the first two years of Bitcoin, including a lot of metadata on Satoshi Nakamoto's mining and communications activities, which she said provides an idea of their "digital rhythms." Her analysis of Satoshi Nakamoto's activity shows they were predominantly active between 6 a.m. PST and 10 p.m. PST, suggesting North or South American time zones. Overlaying that with the remaining candidates and their known online activity, including the metzdowd cryptography mailing list that the Bitcoin whitepaper was distributed through, Blackburn surmised that only Finney and Sassaman matched Satoshi Nakamoto's activity profile. She argued it was "inconceivable" that Back, Szabo, or Dai could be Satoshi Nakamoto based on that analysis. The New York Times recently suggested Back as a leading candidate based on linguistic analysis and circumstantial evidence, including a 2015 email attributed to Satoshi Nakamoto, though its authenticity is widely disputed. Back also strongly denied the NYT's claims. QRI also looked into the same email. However, Maroney told The Block that multiple sources said it was inconsistent with Satoshi Nakamoto's known writing style and focused on topics, such as bitcoin's price, that Nakamoto did not typically discuss. The email was also not signed using Nakamoto's cryptographic key, a standard method of verifying identity, and may have originated from a compromised account, he added. From her research, Blackburn said that qualitatively, Finney and Sassaman looked like the most viable candidates. One of Maroney's concerns about Sassaman was his propensity to "bash" Bitcoin, referencing social media posts in 2010 and 2011 describing it as "bunk" and "overhyped," with its success due to "irrational exuberance." Cohan and the investigators' concerns over the case for Finney were that he was a coder, not an academic writer, and the Bitcoin whitepaper was an academic paper. PGP Corp. co-founder Will Price said that, looking at the structure of RPOW, and having spent 15 years working with Finney, he could tell it was coded by Finney instantaneously. However, unlike Hashcash and B-Money, Price noted that RPOW was not credited in the Bitcoin whitepaper, questioning why that would be, as it was "as close to Bitcoin as anything could possibly be." However, when Maroney tried to make the case against Finney being Satoshi Nakamoto, Price laughed and wished him "good luck." Maroney made the point that Finney was not known for coding in C++, and again Price laughed. "To an engineer of Hal's caliber, a different language is like chicken versus steak," Price said. "It has no meaning and he can change languages in hours," noting that he was already having to work on C++ tasks at PGP. "A lot of the Bitcoin code is very similar to what Hal does in his normal C++, but then he sticks in some things to throw you off the trail," Price said. Maroney suggested Price's point seemed to be that Finney intentionally used C++, a language he was not known publicly for, to code in, because it provided "additional cover." By 2008, Price said the company was running out of things for Finney to do and suggested he just keep working on RPOW — and he thinks that's exactly what happened. Price explained that there was a two-month gap from Oct. 31, 2008 (the date Bitcoin's whitepaper was published) to early January 2009 (Bitcoin's genesis block), where Finney made no PGP commits. Price said they still knew what his tasks were, and Finney, a remote employee, would send weekly updates, confirming things like he was still working on his Windows fingerprint technology. "So he's working on C++ on Windows, which is what Bitcoin is written for and in," Price said. "What was going on in those two months that the last two months before the release of the Bitcoin source code, Hal made no commits to the source code at work? What was he working on? I think it was Bitcoin." Finney passed away due to complications from Amyotrophic Lateral Sclerosis (ALS) in August 2014. Toward the end of Finney's life, PGP Corp. co-founder Jon Callas and Zimmerman took a trip to visit him, where Callas said he asked him if he was Satoshi Nakamoto. "His answer was, why would I deny being Satoshi if I were because I have a fatal disease. And you know, there's no reason in the world for me to deny it because I'm not going to be around in two or three years, but no, I'm not," Callas recalled. "At the time, I interpreted that as a non-denial and interpreted it as a yes," he said. But, of course, it would be reasonable to deny it. "I don't know why you would go through the effort of making everything anonymous, creating a pseudonym, going through all this effort, and then you just start randomly telling people," Price said. "Right? I mean, you're going to be consistent about that or not." "One of my big takeaways from this meeting is these people miss Hal. They respect Hal, they believe his story finally needs to be told," Maroney reflected. "They want the truth out there. And yeah, maybe Satoshi can never actually move a bitcoin, but three eyewitnesses, experts in the field, friends of Hal's confirming his identity, seem like good corroborating evidence." Though not noted in the documentary, following the original Newsweek story connecting Finney and Dorian Prentice Satoshi Nakamoto in 2014, Forbes and others also pointed out that the pair had both lived in Temple City, a small suburb of Los Angeles with a population of around 35,000, just a few blocks away from one another. While this doesn't prove anything, many have speculated on the coincidence and suggested that Finney may have used local directories at the time for inspiration on the pseudonym. "We were well aware of this, confirmed what others had previously found, worked to find any other connections between Nakamoto and Finney, and ultimately decided not to include it in the film," Maroney told The Block. "I'll note this point can be used to strengthen our case." A spanner in the works? Just when he thought they were getting somewhere, Maroney was presented with an October 2023 article from "professional cypherpunk" Jameson Lopp, co-founder and chief security officer of Casa, titled "Hal Finney Was Not Satoshi Nakamoto." "Researching a lot of Hal's and Satoshi's early activity, I discovered several different conflicts that showed that they were both doing things at the exact same time when Hal could not have been at a computer on the internet," Lopp said in an interview with Maroney. For example, Lopp looked at back and forth emails and a Bitcoin transaction between Satoshi Nakamoto and early Bitcoin developer Mike Hearn with timestamps while Hal Finney was provably running a race. "From the very simple fact that it's not possible to be in two places at the same time, it's highly unlikely that Satoshi and Hal were the same person," Lopp said. Maroney said he had a hard time squaring the conversations with the PGP team and Lopp, but went on to ask what other explanations Lopp may have. "One possible explanation is that Satoshi was a group of people. Whether Hal was like 'in on it' will, I think, never really be able to prove," Lopp said. "But Occam's razor, it's difficult to keep secrets amongst multiple people," he added, echoing Puckett's observations. "Unless they're all dead" — which could also help explain why Satoshi Nakamoto's funds were never moved. 'Unless they're all dead' At first, Maroney thought Lopp was "blowing up" his theory. "But then I realized he gave me the answer because Hal Finney was not the only candidate who was no longer with us," he said. So the investigators sought the help of Meredith Patterson, a coder involved in computer security, linguistics, and civil rights. But the real reason they wanted to talk to her was that she is also the widow of Len Sassaman. Maroney recalled a conversation with PGP's Price about Sassaman's life as an academic and a PhD student focused on anonymity. "When you look through the whitepapers of Len Sassaman, he was really great at writing whitepapers," Price said. "He would have really cared about checking every reference as they did, the precision and the correctness of every part of that whitepaper. He is the kind of person who would really have gone through that, gotten it right." "The whitepaper is written in a certain way, that is someone who writes whitepapers," Price continued. "And that's not Hal." Len lived in Europe during the time Satoshi Nakamoto was active, and despite being American, his writing often contained British spellings and phrases, just like Nakamoto. His PhD advisor was David Chaum, the inventor of DigiCash and widely recognized as the "godfather" of cryptocurrency. Patterson and Sassaman met at CodeCon, a conference he ran in San Francisco with Bram Cohen, an American computer programmer, best known as the author of the peer-to-peer BitTorrent protocol. Like Finney, Sassaman suffered from debilitating health conditions, dealing with Crohn's disease and severe calcium depletion in his spine, using a cane by the time he was 30, Patterson said. Sadly, on July 3, 2011, around six months after Satoshi Nakamoto's last public post, Sassaman took his own life. Back in 2005, Finney had presented RPOW at CodeCon. "I had read a couple of articles about Hashcash, which was basically the forerunner of RPOW," Petterson told Maroney. "But it was fascinating to see that transformed into a system for actually using it as money." RATINGS Best prediction market platforms in 2026 Best prediction market platforms in 2026 Best exchanges for trading crypto in 2026 Best exchanges for trading crypto in 2026 Best crypto cards with token rewards in 2026 Best crypto cards with token rewards in 2026 See more ratings Petterson confirmed that Finney and Sassaman were friends, had worked together at PGP, and were "definitely" in touch in 2008. "They were certainly still interacting online," she said. Asked what she had thought about Bitcoin when she first heard of it, Patterson said she immediately went to read the whitepaper and saw it as a "neat way to get around the central operator." Asked about the use of a pseudonym, she said that it did not surprise her. "Whoever was behind it had definitely been reading the cypherpunk's mailing list. They were familiar with the kinds of problems that the cypherpunks were interested in solving," she said. Sassaman was also an expert in stylometric anonymization, small stylistic changes to writing that blur the fingerprints used to help identify who wrote it. Something that could explain the inconclusive analysis of the Bitcoin whitepaper. Discussing the theory that Sassaman's talents could have complemented Finney's in the creation of Bitcoin, Patterson said she thinks it is plausible. "Is it possible that Len would have helped Hal and not told you?" Maroney asked. "Oh, yes, absolutely," she said. The skills and experience needed to create Bitcoin BitTorrent's Cohen, who had known both Finney and Sassaman, described Sassaman as his best friend, having been roommates for a long time. In a series of social media posts in 2021, Cohen said: "Len posted pseudonymously on the cypherpunks list constantly, including at least one fleshed-out and long-lived handle." "The implication with that one seemed to be that it was Hal or Len or some combination of the two, very unsure though," Cohen added. "Len also tried to get me to publish BitTorrent pseudonymously, which seems indicative of something." Asked by Maroney why he personally saw Finney and Sassaman as Bitcoin's creators, Cohen said they knew each other, and they both had a pattern of posting pseudonymously to cypherpunks. "What they liked doing exactly matched, you know, what we know about Satoshi Nakamoto, because Satoshi, first and foremost, was a cypherpunk," he said. In terms of the skills and experience needed to create Bitcoin, Cohen said Finney exhibited those especially, whereas Sassaman would be more of a fit for the human language element of it — hinting at the whitepaper and forum post contributions — which also explains how Finney could have been running a race while Sassaman was acting as Satoshi, Maroney suggested. But one problem remained. Why would Sassaman publicly bash Bitcoin? "You don't make all your pseudonyms agree with each other about everything or everyone's going to know who your pseudonyms are," Cohen said. "If you have some identity that you're trying to hide, then your normal public persona has very little to gain by agreeing with a hidden identity, particularly if it's some controversial topic like Bitcoin." Who is Satoshi? For Maroney, the pieces were falling into place. Meeting with William D. Cohan, he said that, "For the entire investigation, we've been pursuing Satoshi as if he were one person. But all of our evidence is leading to the conclusion that it was two people collaborating." "If we take all of the circumstantial evidence, all of [the] empirical evidence, and all of the eyewitness testimony, the conclusion is that Hal Finney and Len Sassaman collaborated to create Bitcoin," Maroney said. "That the two of them were Satoshi Nakamoto." Unlike the early interviewees, some crypto industry insiders were willing to comment on the documentary's conclusions. In a press release accompanying the film's official trailer last month, Coinbase CEO Brian Armstrong said: "It's the most thoughtful take on this subject I've seen out there, and I suspect you got to the right answer." Coinbase is also a supporter of the film. After seeing the documentary, Lopp also reportedly told the filmmakers it was "easily the most expertly produced Bitcoin documentary" he had seen, adding that it is "a plausible take that may finally put an end to chasing ghosts." Many have criticized attempts to uncover Satoshi's identity, fairly citing potential threats to their families and friends. Participants in the documentary, including Zimmerman, were also wary, describing it as "dangerous" and "people could get hurt." However, notably in this case, the widows of both Finney and Patterson were willing to take part in the documentary themselves and seemed to agree with the plausibility of the investigation's ultimate conclusions. "I liked your movie," Fran Finney said. "The reason I [initially] declined to speak with you is because I misunderstood where your movie was going. I had been approached by a number of different projects, and I assumed this project was similar. And most of those projects are just very exploitive. But after I saw the film and what you've done with it so far, I was really touched and impressed and blown away." Asked if she ever asked her husband if he was Satoshi Nakamoto, Fran Finney said she did, but that he just laughed and said no. "Is it possible he helped build it and didn't tell you?" Maroney said. "Yes, I think he did help build it," she said. "You also brought forth the possibility that I hadn't considered that Hal might have collaborated in the writing of the code for Bitcoin. And I mean, he did. He was excited to write that. The whitepaper itself, I didn't think he wrote. But he could have helped. Making edits for it. So what you present in the film makes sense to me." Reflecting on the interview with Fran Finney, Maroney said it reminded him of a Forbes interview with Hal Finney shortly before he died. "In the conclusions to the article, Hal was asked if given his contributions to open source cryptography, he could perhaps be considered one of the creators of Bitcoin," Maroney said. PGP's Will Price also picked up on the same thing. "When he phrased it the final way, which was whether he's one of the creators of Bitcoin, Hal raised his eyes and eyebrows, which in the article is identified as his way of saying yes," Price said. "And he asked him if he was proud of that work. And Finney raised his eyes and he smiled." "I think, for Hal, it was always true to say that he didn't create Bitcoin. He didn't create Bitcoin, it was a team. But if you ask him, are you one of the creators of Bitcoin? Yes," Price said. "At this point, I think it's better that people understand that these people who are long past did create it. They had all of the best intentions and didn't do it for the money." "Hal's influence on the world in a number of behind the scenes but extraordinarily important things ought to be valued," PGP's Callas said. "He is the person who is not like what you see out there in the cryptocurrency world and that is why he deserves the accolades because he is proof positive that you don't have to be a horrible person to make a big impact on the world." "That's his big legacy. He left his footprint. And I'm so proud of him," Fran Finney said. It's important to note that the documentary emphasized that "based on an extensive investigative review, the filmmakers affirm that there is no evidence or reasonable inference that Fran Finney or Meredith Patterson have any access, direct or indirect, to Satoshi Nakamoto's private keys." "I admire Hal and Len almost more than anyone I've ever investigated because their motives I learned were so much more beautiful and pure than the motives of most people who want to hide behind something," Maroney concluded. "Usually I'm looking for people who've done something wrong and are hiding behind a mask. But in this case, I was looking for somebody or a few people who did something really creative and innovative. These were While Satoshi Nakamoto's identity remains uncertain, perhaps never to be provably confirmed, the investigation arguably makes one of the most compelling cases to date that Finney and Sassaman jointly collaborated to launch Bitcoin. Finding Satoshi was released globally on April 22 via FindingSatoshi.com. #PEPEATH #VeChainNodeMarketplace #fahadcreator #XRPRealityCheck #ZeroFeeTrading

I suspect you got to the right answer': New Satoshi documentary makes the case Hal Finney and Len Sa

For most of the 18 years since the nine-page Bitcoin whitepaper was published on Oct. 31, 2008, amid the turmoil of the great financial crisis, many have rightly or wrongly speculated about the identity of its pseudonymous creator, Satoshi Nakamoto.
Attempts to unveil Satoshi have continued ever since, spurred on by the pseudonymous creator's disappearance from public view in 2011. A Newsweek story in 2014 focused on Japanese American systems engineer Dorian Prentice Satoshi Nakamoto, while others theorized that Bitcoin could be a CIA-controlled project, to which one expert in the documentary quipped, "I don't think our government is competent enough to do something that smart."
While the ideas put forth in many similar documentaries were ultimately dismissed, "Finding Satoshi," directed by Tucker Tooley and Matthew Miele, attempts to avoid rehashing existing theories with a character-driven investigation that, while surfacing many familiar names, reaches an interesting conclusion.
The film, viewed in advance of its release by The Block, depicts a four-year investigation led by New York Times author, financial journalist, and former M&A investment banker William D. Cohan alongside Quest Research and Investigations' team of private investigators led by Tyler Maroney, drawing on experts across cryptography, programming, and linguistics.
Cohan had originally set out on the documentary interviewing various figureheads from within the industry, including Katie Haun, the former DOJ prosecutor who led investigations tied to Silk Road and Mt. Gox and later founder and CEO of Haun Ventures; Brian Brookes, the former CLO at Coinbase, CEO at BinanceUS, CEO at Bitfury and Acting Comptroller of the Currency; and Joseph Lubin, co-founder of Ethereum and CEO of Consensys. However, he found little willingness to engage directly on the question of Satoshi's identity.
Cohan told The Block he is not entirely sure why they were so reluctant. "Part of it was, I think, that it was just irrelevant more than a decade after Satoshi wrote his whitepaper and Bitcoin was born," he said. "So, why bother? Part of it, too, might have been that what if we discovered that Satoshi was an evil person… that news could destroy the wealth that they had built up in their bitcoin ownership. In any event, it spurred us all on to try to uncover Satoshi's identity — and I think we did."
So instead, Cohan turned to Maroney and the broader QRI team. QRI's focus is on investigations in the public interest that are very difficult to crack, according to Maroney, and sought to approach the task with empirical evidence and expert testimony from people that Cohan and many earlier documentaries had not spoken to.
QRI outlined six of the most credible, yet usual suspects: Adam Back, cryptographer, CEO of Blockstream, and creator of the Bitcoin whitepaper-referenced Hashcash; Nick Szabo, computer scientist, and creator of Bitcoin precursor Bit Gold; Hal Finney, software developer, creator of Hashcash successor RPOW (Reusable Proof of Work), and the first recipient of bitcoin from Satoshi Nakamoto; Len Sassaman, systems engineer and academic; Paul Le Roux, encryption programmer, and convicted criminal; and Wei Dai, computer engineer and creator of Bitcoin precursor B-money, also referenced in the whitepaper.
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feature
'I suspect you got to the right answer': New Satoshi documentary makes the case Hal Finney and Len Sassaman were Bitcoin's co-creators
By James Hunt
People•April 22, 2026, 9:01AM EDT

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'I suspect you got to the right answer': New Satoshi documentary makes the case Hal Finney and Len Sassaman were Bitcoin's co-creators
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“Finding Satoshi” makes the case that Hal Finney and Len Sassaman were Bitcoin’s co-creators, documenting the latest effort to uncover Nakamoto’s identity.
The film follows a four-year investigation led by New York Times bestselling author William D. Cohan and private investigator Tyler Maroney.
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For most of the 18 years since the nine-page Bitcoin whitepaper was published on Oct. 31, 2008, amid the turmoil of the great financial crisis, many have rightly or wrongly speculated about the identity of its pseudonymous creator, Satoshi Nakamoto.

Attempts to unveil Satoshi have continued ever since, spurred on by the pseudonymous creator's disappearance from public view in 2011. A Newsweek story in 2014 focused on Japanese American systems engineer Dorian Prentice Satoshi Nakamoto, while others theorized that Bitcoin could be a CIA-controlled project, to which one expert in the documentary quipped, "I don't think our government is competent enough to do something that smart."

While the ideas put forth in many similar documentaries were ultimately dismissed, "Finding Satoshi," directed by Tucker Tooley and Matthew Miele, attempts to avoid rehashing existing theories with a character-driven investigation that, while surfacing many familiar names, reaches an interesting conclusion.

The film, viewed in advance of its release by The Block, depicts a four-year investigation led by New York Times author, financial journalist, and former M&A investment banker William D. Cohan alongside Quest Research and Investigations' team of private investigators led by Tyler Maroney, drawing on experts across cryptography, programming, and linguistics.

Cohan had originally set out on the documentary interviewing various figureheads from within the industry, including Katie Haun, the former DOJ prosecutor who led investigations tied to Silk Road and Mt. Gox and later founder and CEO of Haun Ventures; Brian Brookes, the former CLO at Coinbase, CEO at BinanceUS, CEO at Bitfury and Acting Comptroller of the Currency; and Joseph Lubin, co-founder of Ethereum and CEO of Consensys. However, he found little willingness to engage directly on the question of Satoshi's identity.

Cohan told The Block he is not entirely sure why they were so reluctant. "Part of it was, I think, that it was just irrelevant more than a decade after Satoshi wrote his whitepaper and Bitcoin was born," he said. "So, why bother? Part of it, too, might have been that what if we discovered that Satoshi was an evil person… that news could destroy the wealth that they had built up in their bitcoin ownership. In any event, it spurred us all on to try to uncover Satoshi's identity — and I think we did."

So instead, Cohan turned to Maroney and the broader QRI team. QRI's focus is on investigations in the public interest that are very difficult to crack, according to Maroney, and sought to approach the task with empirical evidence and expert testimony from people that Cohan and many earlier documentaries had not spoken to.

The candidates
QRI outlined six of the most credible, yet usual suspects: Adam Back, cryptographer, CEO of Blockstream, and creator of the Bitcoin whitepaper-referenced Hashcash; Nick Szabo, computer scientist, and creator of Bitcoin precursor Bit Gold; Hal Finney, software developer, creator of Hashcash successor RPOW (Reusable Proof of Work), and the first recipient of bitcoin from Satoshi Nakamoto; Len Sassaman, systems engineer and academic; Paul Le Roux, encryption programmer, and convicted criminal; and Wei Dai, computer engineer and creator of Bitcoin precursor B-money, also referenced in the whitepaper.

One of the first people QRI spoke to was Bjarne Stroustrup, creator of C++, the programming language used for Bitcoin, who said, looking at the Bitcoin code, that Satoshi Nakamoto was a "reasonably good C++ programmer for the time," that would have been proficient in C++, not just C — with Back, Dai, and Le Roux all fitting the bill. Szabo and Sassaman were not known to write in C++, and Finney was less known to use it.

Another link the investigators highlighted was that all of the candidates, except Le Roux, were very active in a 1990s group of coders called the cypherpunks, who had a very libertarian-leaning philosophy.

Phil Zimmerman, who founded PGP (Pretty Good Privacy), which created true email encryption, is seen by many as the "OG cypherpunk," with both Finney and Sassaman having previously worked at PGP for Zimmerman.

Asked by Maroney whether anyone he worked with at PGP could have been part of the formative team that put together Bitcoin, Zimmerman was visibly reluctant to answer. While focusing on email encryption, PGP also explored several other areas, including digital cash.

Finney and Sassaman
Maroney spoke to Alyssa Blackburn, a data scientist at the Baylor College of Medicine and specialist in early Bitcoin mining. She identified around 64 major players during the first two years of Bitcoin, including a lot of metadata on Satoshi Nakamoto's mining and communications activities, which she said provides an idea of their "digital rhythms."

Her analysis of Satoshi Nakamoto's activity shows they were predominantly active between 6 a.m. PST and 10 p.m. PST, suggesting North or South American time zones. Overlaying that with the remaining candidates and their known online activity, including the metzdowd cryptography mailing list that the Bitcoin whitepaper was distributed through, Blackburn surmised that only Finney and Sassaman matched Satoshi Nakamoto's activity profile. She argued it was "inconceivable" that Back, Szabo, or Dai could be Satoshi Nakamoto based on that analysis.

The New York Times recently suggested Back as a leading candidate based on linguistic analysis and circumstantial evidence, including a 2015 email attributed to Satoshi Nakamoto, though its authenticity is widely disputed. Back also strongly denied the NYT's claims.

QRI also looked into the same email. However, Maroney told The Block that multiple sources said it was inconsistent with Satoshi Nakamoto's known writing style and focused on topics, such as bitcoin's price, that Nakamoto did not typically discuss. The email was also not signed using Nakamoto's cryptographic key, a standard method of verifying identity, and may have originated from a compromised account, he added.

From her research, Blackburn said that qualitatively, Finney and Sassaman looked like the most viable candidates.

One of Maroney's concerns about Sassaman was his propensity to "bash" Bitcoin, referencing social media posts in 2010 and 2011 describing it as "bunk" and "overhyped," with its success due to "irrational exuberance."

Cohan and the investigators' concerns over the case for Finney were that he was a coder, not an academic writer, and the Bitcoin whitepaper was an academic paper.

PGP Corp. co-founder Will Price said that, looking at the structure of RPOW, and having spent 15 years working with Finney, he could tell it was coded by Finney instantaneously. However, unlike Hashcash and B-Money, Price noted that RPOW was not credited in the Bitcoin whitepaper, questioning why that would be, as it was "as close to Bitcoin as anything could possibly be."

However, when Maroney tried to make the case against Finney being Satoshi Nakamoto, Price laughed and wished him "good luck." Maroney made the point that Finney was not known for coding in C++, and again Price laughed.

"To an engineer of Hal's caliber, a different language is like chicken versus steak," Price said. "It has no meaning and he can change languages in hours," noting that he was already having to work on C++ tasks at PGP. "A lot of the Bitcoin code is very similar to what Hal does in his normal C++, but then he sticks in some things to throw you off the trail," Price said.

Maroney suggested Price's point seemed to be that Finney intentionally used C++, a language he was not known publicly for, to code in, because it provided "additional cover."

By 2008, Price said the company was running out of things for Finney to do and suggested he just keep working on RPOW — and he thinks that's exactly what happened.

Price explained that there was a two-month gap from Oct. 31, 2008 (the date Bitcoin's whitepaper was published) to early January 2009 (Bitcoin's genesis block), where Finney made no PGP commits. Price said they still knew what his tasks were, and Finney, a remote employee, would send weekly updates, confirming things like he was still working on his Windows fingerprint technology.

"So he's working on C++ on Windows, which is what Bitcoin is written for and in," Price said. "What was going on in those two months that the last two months before the release of the Bitcoin source code, Hal made no commits to the source code at work? What was he working on? I think it was Bitcoin."

Finney passed away due to complications from Amyotrophic Lateral Sclerosis (ALS) in August 2014. Toward the end of Finney's life, PGP Corp. co-founder Jon Callas and Zimmerman took a trip to visit him, where Callas said he asked him if he was Satoshi Nakamoto.

"His answer was, why would I deny being Satoshi if I were because I have a fatal disease. And you know, there's no reason in the world for me to deny it because I'm not going to be around in two or three years, but no, I'm not," Callas recalled. "At the time, I interpreted that as a non-denial and interpreted it as a yes," he said.

But, of course, it would be reasonable to deny it.

"I don't know why you would go through the effort of making everything anonymous, creating a pseudonym, going through all this effort, and then you just start randomly telling people," Price said. "Right? I mean, you're going to be consistent about that or not."

"One of my big takeaways from this meeting is these people miss Hal. They respect Hal, they believe his story finally needs to be told," Maroney reflected. "They want the truth out there. And yeah, maybe Satoshi can never actually move a bitcoin, but three eyewitnesses, experts in the field, friends of Hal's confirming his identity, seem like good corroborating evidence."

Though not noted in the documentary, following the original Newsweek story connecting Finney and Dorian Prentice Satoshi Nakamoto in 2014, Forbes and others also pointed out that the pair had both lived in Temple City, a small suburb of Los Angeles with a population of around 35,000, just a few blocks away from one another. While this doesn't prove anything, many have speculated on the coincidence and suggested that Finney may have used local directories at the time for inspiration on the pseudonym.

"We were well aware of this, confirmed what others had previously found, worked to find any other connections between Nakamoto and Finney, and ultimately decided not to include it in the film," Maroney told The Block. "I'll note this point can be used to strengthen our case."

A spanner in the works?
Just when he thought they were getting somewhere, Maroney was presented with an October 2023 article from "professional cypherpunk" Jameson Lopp, co-founder and chief security officer of Casa, titled "Hal Finney Was Not Satoshi Nakamoto."

"Researching a lot of Hal's and Satoshi's early activity, I discovered several different conflicts that showed that they were both doing things at the exact same time when Hal could not have been at a computer on the internet," Lopp said in an interview with Maroney.

For example, Lopp looked at back and forth emails and a Bitcoin transaction between Satoshi Nakamoto and early Bitcoin developer Mike Hearn with timestamps while Hal Finney was provably running a race.

"From the very simple fact that it's not possible to be in two places at the same time, it's highly unlikely that Satoshi and Hal were the same person," Lopp said.

Maroney said he had a hard time squaring the conversations with the PGP team and Lopp, but went on to ask what other explanations Lopp may have.

"One possible explanation is that Satoshi was a group of people. Whether Hal was like 'in on it' will, I think, never really be able to prove," Lopp said. "But Occam's razor, it's difficult to keep secrets amongst multiple people," he added, echoing Puckett's observations. "Unless they're all dead" — which could also help explain why Satoshi Nakamoto's funds were never moved.

'Unless they're all dead'
At first, Maroney thought Lopp was "blowing up" his theory. "But then I realized he gave me the answer because Hal Finney was not the only candidate who was no longer with us," he said.

So the investigators sought the help of Meredith Patterson, a coder involved in computer security, linguistics, and civil rights. But the real reason they wanted to talk to her was that she is also the widow of Len Sassaman.

Maroney recalled a conversation with PGP's Price about Sassaman's life as an academic and a PhD student focused on anonymity.

"When you look through the whitepapers of Len Sassaman, he was really great at writing whitepapers," Price said. "He would have really cared about checking every reference as they did, the precision and the correctness of every part of that whitepaper. He is the kind of person who would really have gone through that, gotten it right."

"The whitepaper is written in a certain way, that is someone who writes whitepapers," Price continued. "And that's not Hal."

Len lived in Europe during the time Satoshi Nakamoto was active, and despite being American, his writing often contained British spellings and phrases, just like Nakamoto. His PhD advisor was David Chaum, the inventor of DigiCash and widely recognized as the "godfather" of cryptocurrency.

Patterson and Sassaman met at CodeCon, a conference he ran in San Francisco with Bram Cohen, an American computer programmer, best known as the author of the peer-to-peer BitTorrent protocol.

Like Finney, Sassaman suffered from debilitating health conditions, dealing with Crohn's disease and severe calcium depletion in his spine, using a cane by the time he was 30, Patterson said. Sadly, on July 3, 2011, around six months after Satoshi Nakamoto's last public post, Sassaman took his own life.

Back in 2005, Finney had presented RPOW at CodeCon.

"I had read a couple of articles about Hashcash, which was basically the forerunner of RPOW," Petterson told Maroney. "But it was fascinating to see that transformed into a system for actually using it as money."

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Petterson confirmed that Finney and Sassaman were friends, had worked together at PGP, and were "definitely" in touch in 2008. "They were certainly still interacting online," she said.

Asked what she had thought about Bitcoin when she first heard of it, Patterson said she immediately went to read the whitepaper and saw it as a "neat way to get around the central operator." Asked about the use of a pseudonym, she said that it did not surprise her. "Whoever was behind it had definitely been reading the cypherpunk's mailing list. They were familiar with the kinds of problems that the cypherpunks were interested in solving," she said.

Sassaman was also an expert in stylometric anonymization, small stylistic changes to writing that blur the fingerprints used to help identify who wrote it. Something that could explain the inconclusive analysis of the Bitcoin whitepaper.

Discussing the theory that Sassaman's talents could have complemented Finney's in the creation of Bitcoin, Patterson said she thinks it is plausible. "Is it possible that Len would have helped Hal and not told you?" Maroney asked. "Oh, yes, absolutely," she said.

The skills and experience needed to create Bitcoin
BitTorrent's Cohen, who had known both Finney and Sassaman, described Sassaman as his best friend, having been roommates for a long time. In a series of social media posts in 2021, Cohen said: "Len posted pseudonymously on the cypherpunks list constantly, including at least one fleshed-out and long-lived handle."

"The implication with that one seemed to be that it was Hal or Len or some combination of the two, very unsure though," Cohen added. "Len also tried to get me to publish BitTorrent pseudonymously, which seems indicative of something."

Asked by Maroney why he personally saw Finney and Sassaman as Bitcoin's creators, Cohen said they knew each other, and they both had a pattern of posting pseudonymously to cypherpunks. "What they liked doing exactly matched, you know, what we know about Satoshi Nakamoto, because Satoshi, first and foremost, was a cypherpunk," he said.

In terms of the skills and experience needed to create Bitcoin, Cohen said Finney exhibited those especially, whereas Sassaman would be more of a fit for the human language element of it — hinting at the whitepaper and forum post contributions — which also explains how Finney could have been running a race while Sassaman was acting as Satoshi, Maroney suggested.

But one problem remained. Why would Sassaman publicly bash Bitcoin? "You don't make all your pseudonyms agree with each other about everything or everyone's going to know who your pseudonyms are," Cohen said. "If you have some identity that you're trying to hide, then your normal public persona has very little to gain by agreeing with a hidden identity, particularly if it's some controversial topic like Bitcoin."

Who is Satoshi?
For Maroney, the pieces were falling into place. Meeting with William D. Cohan, he said that, "For the entire investigation, we've been pursuing Satoshi as if he were one person. But all of our evidence is leading to the conclusion that it was two people collaborating."

"If we take all of the circumstantial evidence, all of [the] empirical evidence, and all of the eyewitness testimony, the conclusion is that Hal Finney and Len Sassaman collaborated to create Bitcoin," Maroney said. "That the two of them were Satoshi Nakamoto."

Unlike the early interviewees, some crypto industry insiders were willing to comment on the documentary's conclusions. In a press release accompanying the film's official trailer last month, Coinbase CEO Brian Armstrong said: "It's the most thoughtful take on this subject I've seen out there, and I suspect you got to the right answer." Coinbase is also a supporter of the film.

After seeing the documentary, Lopp also reportedly told the filmmakers it was "easily the most expertly produced Bitcoin documentary" he had seen, adding that it is "a plausible take that may finally put an end to chasing ghosts."

Many have criticized attempts to uncover Satoshi's identity, fairly citing potential threats to their families and friends. Participants in the documentary, including Zimmerman, were also wary, describing it as "dangerous" and "people could get hurt."

However, notably in this case, the widows of both Finney and Patterson were willing to take part in the documentary themselves and seemed to agree with the plausibility of the investigation's ultimate conclusions.

"I liked your movie," Fran Finney said. "The reason I [initially] declined to speak with you is because I misunderstood where your movie was going. I had been approached by a number of different projects, and I assumed this project was similar. And most of those projects are just very exploitive. But after I saw the film and what you've done with it so far, I was really touched and impressed and blown away."

Asked if she ever asked her husband if he was Satoshi Nakamoto, Fran Finney said she did, but that he just laughed and said no. "Is it possible he helped build it and didn't tell you?" Maroney said. "Yes, I think he did help build it," she said. "You also brought forth the possibility that I hadn't considered that Hal might have collaborated in the writing of the code for Bitcoin. And I mean, he did. He was excited to write that. The whitepaper itself, I didn't think he wrote. But he could have helped. Making edits for it. So what you present in the film makes sense to me."

Reflecting on the interview with Fran Finney, Maroney said it reminded him of a Forbes interview with Hal Finney shortly before he died. "In the conclusions to the article, Hal was asked if given his contributions to open source cryptography, he could perhaps be considered one of the creators of Bitcoin," Maroney said.

PGP's Will Price also picked up on the same thing. "When he phrased it the final way, which was whether he's one of the creators of Bitcoin, Hal raised his eyes and eyebrows, which in the article is identified as his way of saying yes," Price said. "And he asked him if he was proud of that work. And Finney raised his eyes and he smiled."

"I think, for Hal, it was always true to say that he didn't create Bitcoin. He didn't create Bitcoin, it was a team. But if you ask him, are you one of the creators of Bitcoin? Yes," Price said. "At this point, I think it's better that people understand that these people who are long past did create it. They had all of the best intentions and didn't do it for the money."

"Hal's influence on the world in a number of behind the scenes but extraordinarily important things ought to be valued," PGP's Callas said. "He is the person who is not like what you see out there in the cryptocurrency world and that is why he deserves the accolades because he is proof positive that you don't have to be a horrible person to make a big impact on the world."

"That's his big legacy. He left his footprint. And I'm so proud of him," Fran Finney said.

It's important to note that the documentary emphasized that "based on an extensive investigative review, the filmmakers affirm that there is no evidence or reasonable inference that Fran Finney or Meredith Patterson have any access, direct or indirect, to Satoshi Nakamoto's private keys."

"I admire Hal and Len almost more than anyone I've ever investigated because their motives I learned were so much more beautiful and pure than the motives of most people who want to hide behind something," Maroney concluded. "Usually I'm looking for people who've done something wrong and are hiding behind a mask. But in this case, I was looking for somebody or a few people who did something really creative and innovative. These were
While Satoshi Nakamoto's identity remains uncertain, perhaps never to be provably confirmed, the investigation arguably makes one of the most compelling cases to date that Finney and Sassaman jointly collaborated to launch Bitcoin.
Finding Satoshi was released globally on April 22 via FindingSatoshi.com.
#PEPEATH
#VeChainNodeMarketplace
#fahadcreator
#XRPRealityCheck
#ZeroFeeTrading
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$币安人生 Market Event: Price reclaimed a key level and pushed higher with steady flow. Momentum Implication: Gradual upside suggests continuation rather than exhaustion. Levels: • Entry Price (EP): 0.392 – 0.402 • Trade Target 1 (TG1): 0.425 • Trade Target 2 (TG2): 0.450 • Trade Target 3 (TG3): 0.480 • Stop Loss (SL): 0.378 Trade Decision: Stay long-biased while price holds above reclaimed support. Close: Structure remains bullish above 0.392.#NB #VeChainNodeMarketplace #SolanaStrong {future}(币安人生USDT)
$币安人生
Market Event: Price reclaimed a key level and pushed higher with steady flow.
Momentum Implication: Gradual upside suggests continuation rather than exhaustion.
Levels:
• Entry Price (EP): 0.392 – 0.402
• Trade Target 1 (TG1): 0.425
• Trade Target 2 (TG2): 0.450
• Trade Target 3 (TG3): 0.480
• Stop Loss (SL): 0.378
Trade Decision: Stay long-biased while price holds above reclaimed support.
Close: Structure remains bullish above 0.392.#NB #VeChainNodeMarketplace #SolanaStrong
Article
🚨 90% من المتداولين يخسرون… لأنهم يبحثون عن صفقة، وليس عن نظام!✅الحقيقة القاسية؟ السوق لا يرحم الجاهل… ويكافئ المنضبط فقط. إذا كنت تريد الانتقال من “متداول عشوائي” إلى “لاعب حقيقي”… ركّز هنا 👇 🔥 1. كسر الهيكل + إعادة الاختبار (Smart Money Concept) 📊 السوق يتحرك بهيكل واضح (قمم وقيعان) المحترفون ينتظرون الكسر… ثم يدخلون بعد التأكيد 🎯 السيناريو: كسر قمة = بداية اتجاه صاعد عودة السعر لإعادة الاختبار = فرصة ذهبية 💡 السر: لا تدخل عند الكسر… ادخل بعد الهدوء 🛑 SL: خلف منطقة الكسر 💰 TP: مناطق السيولة القادمة ⚡ 2. اصطياد السيولة (Liquidity Hunt) 📊 السوق “يخدعك” قبل أن يعطيك الاتجاه الحقيقي 🎯 ما يحدث: كسر وهمي لدعم/مقاومة دخول المتداولين انعكاس قوي عكسهم 💡 هذه ليست مصادفة… بل سلوك مؤسسات 🎯 الدخول: بعد شمعة رفض قوية (Pin Bar / Engulfing) 🛑 SL: خلف الذيل 💰 TP: داخل الرينج أو الاتجاه المعاكس 📈 3. التداول مع الترند (Trend is King) 📊 استخدم EMA 50 + EMA 200 💡 الخلاصة : فوق = شراء فقط تحت = بيع فقط 🎯 أفضل دخول: Pullback على EMA 50 🛑 SL: آخر قاع/قمة 💰 TP: استمرار الاتجاه 💣 4. مناطق العرض والطلب (Institutional Zones) 📊 المكان الذي تدخل منه الأموال الذكية 🎯 الدخول: عند أول عودة للمنطقة مع تأكيد شمعة انعكاسية 💡 لا تلمس المنطقة الثانية… الأولى فقط الأقوى 🛑 SL: خارج المنطقة 💰 TP: أقرب مستوى سيولة 🧠 5. إدارة رأس المال (الفرق بين هاوٍ ومحترف) ⚠️ بدونها… أنت مجرد مقامر 📌 قواعد ذهبية: 1% مخاطرة فقط لكل صفقة لا تفتح أكثر من 2-3 صفقات التزم بالخطة حتى لو خسرت 💥 الخلاصة التي تغيّر اللعبة: السوق ليس مكانًا للتوقع… بل لرد الفعل. المحترف لا يقول “سيرتفع” بل يقول: “إذا حدث كذا… سأدخل” 🚀 إذا وصلت إلى هنا… فأنت أقرب من الربح من 90% من السوق 📊 السؤال الحقيقي: هل لديك نظام… أم مازلت تبحث عن ضربة حظ؟ $BTC {spot}(BTCUSDT) $BNB {future}(BNBUSDT) #cryptouniverseofficial #VeChainNodeMarketplace

🚨 90% من المتداولين يخسرون… لأنهم يبحثون عن صفقة، وليس عن نظام!✅

الحقيقة القاسية؟
السوق لا يرحم الجاهل… ويكافئ المنضبط فقط.
إذا كنت تريد الانتقال من “متداول عشوائي” إلى “لاعب حقيقي”… ركّز هنا 👇
🔥 1. كسر الهيكل + إعادة الاختبار (Smart Money Concept)
📊 السوق يتحرك بهيكل واضح (قمم وقيعان)
المحترفون ينتظرون الكسر… ثم يدخلون بعد التأكيد
🎯 السيناريو:
كسر قمة = بداية اتجاه صاعد
عودة السعر لإعادة الاختبار = فرصة ذهبية
💡 السر: لا تدخل عند الكسر… ادخل بعد الهدوء
🛑 SL: خلف منطقة الكسر
💰 TP: مناطق السيولة القادمة
⚡ 2. اصطياد السيولة (Liquidity Hunt)
📊 السوق “يخدعك” قبل أن يعطيك الاتجاه الحقيقي
🎯 ما يحدث:
كسر وهمي لدعم/مقاومة
دخول المتداولين
انعكاس قوي عكسهم
💡 هذه ليست مصادفة… بل سلوك مؤسسات
🎯 الدخول: بعد شمعة رفض قوية (Pin Bar / Engulfing)
🛑 SL: خلف الذيل
💰 TP: داخل الرينج أو الاتجاه المعاكس
📈 3. التداول مع الترند (Trend is King)
📊 استخدم EMA 50 + EMA 200
💡 الخلاصة :
فوق = شراء فقط
تحت = بيع فقط
🎯 أفضل دخول: Pullback على EMA 50
🛑 SL: آخر قاع/قمة
💰 TP: استمرار الاتجاه
💣 4. مناطق العرض والطلب (Institutional Zones)
📊 المكان الذي تدخل منه الأموال الذكية
🎯 الدخول:
عند أول عودة للمنطقة
مع تأكيد شمعة انعكاسية
💡 لا تلمس المنطقة الثانية… الأولى فقط الأقوى
🛑 SL: خارج المنطقة
💰 TP: أقرب مستوى سيولة
🧠 5. إدارة رأس المال (الفرق بين هاوٍ ومحترف)
⚠️ بدونها… أنت مجرد مقامر
📌 قواعد ذهبية:
1% مخاطرة فقط لكل صفقة
لا تفتح أكثر من 2-3 صفقات
التزم بالخطة حتى لو خسرت
💥 الخلاصة التي تغيّر اللعبة:
السوق ليس مكانًا للتوقع… بل لرد الفعل.
المحترف لا يقول “سيرتفع”
بل يقول: “إذا حدث كذا… سأدخل”
🚀 إذا وصلت إلى هنا… فأنت أقرب من الربح من 90% من السوق
📊 السؤال الحقيقي:
هل لديك نظام… أم مازلت تبحث عن ضربة حظ؟
$BTC
$BNB
#cryptouniverseofficial
#VeChainNodeMarketplace
$AI Utility Over Hype: PENDLE Gains while AI Lags! The crypto market is entering a phase of "selective accumulation." While Bitcoin (BTC) maintains a steady dominance above 60%, the altcoin market is punishing speculative fluff and rewarding projects with tangible cash flow and utility. Pendle (PENDLE) is today's standout performer, surging +20.21% as institutional interest in decentralized yield-trading reaches new highs. Viction (VIC) also shows strength, gaining +13.05% following its latest ecosystem expansion. On the other hand, the "AI-Hype" sector is cooling off; Sleepless AI (AI) has dropped -11.39%, signaling a rotation away from early-stage social experiments into more robust DeFi infrastructure. Quick Tip: Watch the PENDLE/ETH pair. A breakout here often signals a broader return to "Real Yield" narratives. For VIC, maintaining the $0.045 support is crucial for the next leg up. Avoid chasing high-velocity drops in AI tokens until a clear bottoming pattern emerges on the daily chart. DYOR. #VeChainNodeMarketplace #altcoins #defi #AltcoinRotation #MarketInsight $PENDLE $VIC
$AI Utility Over Hype: PENDLE Gains while AI Lags!
The crypto market is entering a phase of "selective accumulation." While Bitcoin (BTC) maintains a steady dominance above 60%, the altcoin market is punishing speculative fluff and rewarding projects with tangible cash flow and utility.
Pendle (PENDLE) is today's standout performer, surging +20.21% as institutional interest in decentralized yield-trading reaches new highs. Viction (VIC) also shows strength, gaining +13.05% following its latest ecosystem expansion. On the other hand, the "AI-Hype" sector is cooling off; Sleepless AI (AI) has dropped -11.39%, signaling a rotation away from early-stage social experiments into more robust DeFi infrastructure.
Quick Tip: Watch the PENDLE/ETH pair. A breakout here often signals a broader return to "Real Yield" narratives. For VIC, maintaining the $0.045 support is crucial for the next leg up. Avoid chasing high-velocity drops in AI tokens until a clear bottoming pattern emerges on the daily chart. DYOR.
#VeChainNodeMarketplace #altcoins #defi #AltcoinRotation #MarketInsight
$PENDLE $VIC
muharief:
Jangan percaya koint ini tarik secepat dananya sebelum terlambat
A tiny group is winning on Polymarket as under 1% of wallets take half the profitsAfter research showed a small minority moves prices, new data suggests an even smaller group captures roughly half of all gains Across Polymarket’s politics markets between December 2025 and February 2026, just 0.55% of profitable maker wallets captured 50% of gains, the report finds, while 0.26% of winning taker wallets accounted for nearly the same share. In dollar terms, roughly $8 million of about $16 million in profits accrued to each of those tiny cohorts. The data sharpens a picture already forming in academic work: a London Business School and Yale paper, previously analyzed by CoinDesk, found that about 3% of Polymarket traders drive most price discovery. A small minority moves the prices. A smaller minority keeps the money. The contrast underscores a key point: concentration does not necessarily imply wrongdoing. Some traders are simply more sophisticated, better capitalized, or faster to act on information. But the report argues that the scale of the imbalance suggests a structural divide between a small group operating with significant advantages and the broader base of participants. The participants capturing a disproportionate share of profits are operating in a different league entirely,” the report said, pointing to capital depth, infrastructure, and execution strategies that are out of reach for most users. Solidus' study also flags signs of wash trading, with roughly 15% of volume in some markets showing patterns consistent with self-trading or economically neutral positions. Because outcome tokens in a binary prediction market sum to roughly $1.00, a trader could buy YES on both Trump and Harris inside the same time window, register volume on each leg, and finish economically delta-neutral. Solidus says this trade has no equivalent in traditional finance. Some of that volume may be incentive farming rather than pure manipulation. It's widely speculated that Polymarket's upcoming $POLY airdrop will factor in trading volume as a metric to allocate tokens. Solidus is not a neutral observer. The firm sells HALO, the surveillance platform whose output the report relies on, and recently signed a deal to deploy that platform across more than 4,000 markets on Kalshi, Polymarket's largest U.S.-regulated competitor. The data is onchain and verifiable. The framing — that prediction markets need surveillance infrastructure, preferably Solidus's — is part of the pitch. That doesn't change the underlying numbers. It does suggest reading them with a hand on the wallet. If earlier research showed that a small minority moves these markets, the latest data suggests an even starker conclusion: an even smaller group consistently wins them. #ZeusInCrypto #haroonahmadofficial #CryptoWatchMay2024 #VeChainNodeMarketplace #satoshiNakamato

A tiny group is winning on Polymarket as under 1% of wallets take half the profits

After research showed a small minority moves prices, new data suggests an even smaller group captures roughly half of all gains
Across Polymarket’s politics markets between December 2025 and February 2026, just 0.55% of profitable maker wallets captured 50% of gains, the report finds, while 0.26% of winning taker wallets accounted for nearly the same share. In dollar terms, roughly $8 million of about $16 million in profits accrued to each of those tiny cohorts.
The data sharpens a picture already forming in academic work: a London Business School and Yale paper, previously analyzed by CoinDesk, found that about 3% of Polymarket traders drive most price discovery.
A small minority moves the prices. A smaller minority keeps the money.
The contrast underscores a key point: concentration does not necessarily imply wrongdoing. Some traders are simply more sophisticated, better capitalized, or faster to act on information. But the report argues that the scale of the imbalance suggests a structural divide between a small group operating with significant advantages and the broader base of participants.
The participants capturing a disproportionate share of profits are operating in a different league entirely,” the report said, pointing to capital depth, infrastructure, and execution strategies that are out of reach for most users.
Solidus' study also flags signs of wash trading, with roughly 15% of volume in some markets showing patterns consistent with self-trading or economically neutral positions.
Because outcome tokens in a binary prediction market sum to roughly $1.00, a trader could buy YES on both Trump and Harris inside the same time window, register volume on each leg, and finish economically delta-neutral.
Solidus says this trade has no equivalent in traditional finance.
Some of that volume may be incentive farming rather than pure manipulation. It's widely speculated that Polymarket's upcoming $POLY airdrop will factor in trading volume as a metric to allocate tokens.
Solidus is not a neutral observer. The firm sells HALO, the surveillance platform whose output the report relies on, and recently signed a deal to deploy that platform across more than 4,000 markets on Kalshi, Polymarket's largest U.S.-regulated competitor.
The data is onchain and verifiable. The framing — that prediction markets need surveillance infrastructure, preferably Solidus's — is part of the pitch.
That doesn't change the underlying numbers. It does suggest reading them with a hand on the wallet.
If earlier research showed that a small minority moves these markets, the latest data suggests an even starker conclusion: an even smaller group consistently wins them.
#ZeusInCrypto
#haroonahmadofficial
#CryptoWatchMay2024
#VeChainNodeMarketplace
#satoshiNakamato
Institutional money is coming for bitcoin, but Adam Back says it moves slower than you thinkThe legendary cryptographer discusses institutional money flows into bitcoin. The bitcoin ETFs could be the single most important development of recent times when it comes to positive market signals, more so even than a pro-crypto U.S. administration, Back said, but it takes longer than most people realize. It won't be immediate. “I think what people may have miscalculated is that institutional adoption is very slow,” said Back in an interview with Coindesk. “So the ETFs got bought, but when BlackRock is saying they recommend 2% to 4% allocation in their general stock portfolio, the fund managers haven't done that yet. And they will, but it's slower than people anticipate.” Investors don't just pile in overnight, he said. A build-up could take a year, even 18 months. Some of that stuff is just starting to happen, and it will happen slowly. So I think there's a tailwind.” Founded in 2014 by Back and other prominent Bitcoin developers, Blockstream offers retail and institutional clients self-custody wallets, layer-2 network settlement and asset issuance. Back is also the CEO and co-founder of BSTR, a bitcoin treasury company looking to go public via a SPAC merger with Cantor Equity Partners (CEPO). While ETFs may trump the government for boosting the industry, there's still a regulatory influence. Consider President Donald Trump's crypto-friendly term and compare it with the previous administration's Security and Exchange Commission (SEC) and Chair Gary Gensler’s assault on the industry. Instead, the U.S. now has a presidency that not only introduced a new legislative framework for crypto, but even launched its own token shop. They've definitely improved the open-for-business framework in the U.S., which has indirectly encouraged other jurisdictions to do likewise," said Back, who lives in Malta. "So the U.K.’s FCA [Financial Conduct Authority] finally approved ETFs for retirement accounts and things. And I think maybe one or two other countries. They look at each other.” While Donald Trump’s America may be open for crypto business, the now-established bitcoin ETFs have the power to transcend administrations, whether Republican or Democrat, Back pointed out. One of the reasons to suppose the 'open for business' is going to stay, even as you get new administrations, is that now Black Rock and the other ETF providers are going to defend their business,” he said. They're going to apply a banking lobby to say they make a lot of money from the bitcoin ETF. We don't want you to interfere with it. And so I think that now bitcoin has new allies in Black Rock, Morgan Stanley and Fidelity and all these guys.” People are trying to say it's a factor,” Back said of quantum technology’s effect on the price of bitcoin. “But I think there's a lot of information asymmetry in these markets, meaning that things which you think are perfectly clear are confusing to some other people, and their uncertainty impacts their decisions.” That said, the recent round of quantum doomsaying may have institutions paying a bit of attention, Back conceded. Institutions are more systematic about risk,” he said. “So if there's a tail risk, even a small one, they want to know that it's covered. For retail investors, it sounds like something in the distant future that perhaps they’re not really worried about. But institutions will think a decade ahead and ask, ‘Is this 1% risk? Is there an answer to it?’ They'll check stuff like that.” #BitMineIncreasesEthereumStaking #ArthurHayes’LatestSpeech #StrategyBTCPurchase #NOTCOİN #VeChainNodeMarketplace

Institutional money is coming for bitcoin, but Adam Back says it moves slower than you think

The legendary cryptographer discusses institutional money flows into bitcoin.
The bitcoin ETFs could be the single most important development of recent times when it comes to positive market signals, more so even than a pro-crypto U.S. administration, Back said, but it takes longer than most people realize. It won't be immediate.
“I think what people may have miscalculated is that institutional adoption is very slow,” said Back in an interview with Coindesk. “So the ETFs got bought, but when BlackRock is saying they recommend 2% to 4% allocation in their general stock portfolio, the fund managers haven't done that yet. And they will, but it's slower than people anticipate.”
Investors don't just pile in overnight, he said. A build-up could take a year, even 18 months.
Some of that stuff is just starting to happen, and it will happen slowly. So I think there's a tailwind.”
Founded in 2014 by Back and other prominent Bitcoin developers, Blockstream offers retail and institutional clients self-custody wallets, layer-2 network settlement and asset issuance. Back is also the CEO and co-founder of BSTR, a bitcoin treasury company looking to go public via a SPAC merger with Cantor Equity Partners (CEPO).
While ETFs may trump the government for boosting the industry, there's still a regulatory influence. Consider President Donald Trump's crypto-friendly term and compare it with the previous administration's Security and Exchange Commission (SEC) and Chair Gary Gensler’s assault on the industry.
Instead, the U.S. now has a presidency that not only introduced a new legislative framework for crypto, but even launched its own token shop.
They've definitely improved the open-for-business framework in the U.S., which has indirectly encouraged other jurisdictions to do likewise," said Back, who lives in Malta. "So the U.K.’s FCA [Financial Conduct Authority] finally approved ETFs for retirement accounts and things. And I think maybe one or two other countries. They look at each other.”
While Donald Trump’s America may be open for crypto business, the now-established bitcoin ETFs have the power to transcend administrations, whether Republican or Democrat, Back pointed out.
One of the reasons to suppose the 'open for business' is going to stay, even as you get new administrations, is that now Black Rock and the other ETF providers are going to defend their business,” he said.
They're going to apply a banking lobby to say they make a lot of money from the bitcoin ETF. We don't want you to interfere with it. And so I think that now bitcoin has new allies in Black Rock, Morgan Stanley and Fidelity and all these guys.”
People are trying to say it's a factor,” Back said of quantum technology’s effect on the price of bitcoin. “But I think there's a lot of information asymmetry in these markets, meaning that things which you think are perfectly clear are confusing to some other people, and their uncertainty impacts their decisions.”
That said, the recent round of quantum doomsaying may have institutions paying a bit of attention, Back conceded.
Institutions are more systematic about risk,” he said. “So if there's a tail risk, even a small one, they want to know that it's covered. For retail investors, it sounds like something in the distant future that perhaps they’re not really worried about. But institutions will think a decade ahead and ask, ‘Is this 1% risk? Is there an answer to it?’ They'll check stuff like that.”
#BitMineIncreasesEthereumStaking
#ArthurHayes’LatestSpeech
#StrategyBTCPurchase
#NOTCOİN
#VeChainNodeMarketplace
Is VeChain ($VET) a Hidden Gem in Crypto? Real-World Utility ExplainedVeChain ($VET ) is one of those cryptocurrencies that quietly keeps building while others chase hype cycles. Listed on Binance and backed by real-world partnerships, VeChain focuses on supply chain management and enterprise solutions. Unlike many speculative coins, VeChain is already being used by companies to track products, verify authenticity, and improve logistics transparency. This gives it a strong use case in industries like luxury goods, agriculture, and pharmaceuticals. One of VeChain’s biggest strengths is its dual-token system: $VET and VTHO. While VET stores value, VTHO is used to pay for transactions, making the network more stable and predictable for businesses. From an SEO and investment perspective, keywords like “VeChain use cases,” “$VET price prediction,” and “blockchain supply chain solutions” are increasingly searched as real-world adoption becomes a bigger narrative in crypto. While it’s not trending daily on social media, VeChain’s steady development and enterprise adoption make it a project worth watching in the long term. #VeChainNodeMarketplace #vet #TerraLabs #TrendingTopic #foryou

Is VeChain ($VET) a Hidden Gem in Crypto? Real-World Utility Explained

VeChain ($VET ) is one of those cryptocurrencies that quietly keeps building while others chase hype cycles. Listed on Binance and backed by real-world partnerships, VeChain focuses on supply chain management and enterprise solutions.
Unlike many speculative coins, VeChain is already being used by companies to track products, verify authenticity, and improve logistics transparency. This gives it a strong use case in industries like luxury goods, agriculture, and pharmaceuticals.
One of VeChain’s biggest strengths is its dual-token system: $VET and VTHO. While VET stores value, VTHO is used to pay for transactions, making the network more stable and predictable for businesses.
From an SEO and investment perspective, keywords like “VeChain use cases,” “$VET price prediction,” and “blockchain supply chain solutions” are increasingly searched as real-world adoption becomes a bigger narrative in crypto.
While it’s not trending daily on social media, VeChain’s steady development and enterprise adoption make it a project worth watching in the long term.
#VeChainNodeMarketplace #vet #TerraLabs #TrendingTopic #foryou
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Haussier
$VET {spot}(VETUSDT) VeChain (VET) continues to be a prominent player in the enterprise-grade blockchain space, focusing on supply chain management and product authenticity. Recently, VeChain has emphasized its sustainability initiatives, with several partnerships aimed at leveraging blockchain for carbon footprint tracking and green initiatives. The ecosystem is also seeing increased development in decentralized applications (dApps) and tools, further expanding its utility beyond its core supply chain solutions. The VeChainThor blockchain is known for its dual-token model (VET for value transfer and VTHO for transaction fees), which provides a stable and predictable fee structure for businesses.#VeChainNodeMarketplace #MarketPullback
$VET
VeChain (VET) continues to be a prominent player in the enterprise-grade blockchain space, focusing on supply chain management and product authenticity. Recently, VeChain has emphasized its sustainability initiatives, with several partnerships aimed at leveraging blockchain for carbon footprint tracking and green initiatives. The ecosystem is also seeing increased development in decentralized applications (dApps) and tools, further expanding its utility beyond its core supply chain solutions. The VeChainThor blockchain is known for its dual-token model (VET for value transfer and VTHO for transaction fees), which provides a stable and predictable fee structure for businesses.#VeChainNodeMarketplace #MarketPullback
·
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Haussier
VeChain (VET): A Bullish Opportunity VeChain’s real-world use cases in supply chain and enterprise solutions, backed by partnerships with Walmart China , UFC and BMW, have fueled massive investor interest. With increasing adoption and ecosystem growth, VET’s potential for explosive gains is hard to ignore. Recent developments, including ecosystem upgrades and a focus on integrating blockchain with AI 🤖and IoT🌍, are driving massive adoption Now might be the perfect time to buy in before the rally! 🐂🐂💰📊$VET #VeChainNodeMarketplace #VETUSDT $
VeChain (VET): A Bullish Opportunity

VeChain’s real-world use cases in supply chain and enterprise solutions, backed by partnerships with Walmart China , UFC and BMW, have fueled massive investor interest. With increasing adoption and ecosystem growth, VET’s potential for explosive gains is hard to ignore.
Recent developments, including ecosystem upgrades and a focus on integrating blockchain with AI 🤖and IoT🌍, are driving massive adoption

Now might be the perfect time to buy in before the rally! 🐂🐂💰📊$VET #VeChainNodeMarketplace #VETUSDT $
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