Who is Satoshi Nakamoto?!?!

Crypto Weekly Digest – October 9, 2024

Here’s a quick rundown of the biggest stories shaking up the crypto world this past week:

1. Satoshi Nakamoto Controversy
   An HBO documentary stirred the pot by suggesting that cryptographer Peter Todd might be Satoshi Nakamoto. Todd has publicly denied the claim, but the buzz has crypto circles talking​

2. Solana’s Token Creation Surge
   Solana is on a roll, generating over 87% of new tokens launched across tracked blockchains in September. With easy-to-use platforms like Pump.fun making token creation accessible for just $1, memecoins are driving much of this action.

3. Crypto.com vs SEC
   Crypto.com is suing the SEC after receiving a Wells Notice over token sales, accusing the agency of regulatory overreach. This legal battle adds another layer to the ongoing crypto regulation saga in the U.S.​

4. Alameda CEO Settlement
   In the aftermath of FTX’s collapse, former Alameda Research CEO Caroline Ellison has agreed to forfeit most of her assets as part of a settlement with FTX debtors​.

5. Polymarket Wallet Losses
   Data shows that 87% of wallets on Polymarket, a decentralized prediction market, haven’t turned a profit. This highlights the high-risk nature of speculative markets in crypto.

6. Yield-Bearing Stablecoin on Arbitrum
   Paxos International launched a new yield-bearing stablecoin on the Arbitrum network, adding fresh opportunities for DeFi users to earn passive income.

7. USDC Now Available on Sui
   Native USDC has expanded to the Sui blockchain through the Navi Protocol, providing greater liquidity and more use cases for the stablecoin​.

8. Ohio AG Recovers $130K from Crypto Scam
   The Ohio Attorney General’s office successfully recovered $130,000 from a crypto scam, emphasizing the continued legal efforts to tackle fraud in the space​.

9. Trump’s Election and Crypto Predictions
   Standard Chartered predicts that if Donald Trump wins the upcoming election, Solana could rise 5X in value. Meanwhile, Bitcoin is expected to reach $200K regardless of the election outcome​.

10. Brazil’s Real-Pegged Stablecoin (BRL1)
    Brazil is moving closer to launching BRL1, a Real-pegged stablecoin, as crypto platforms rally to support the initiative. This stablecoin is expected to strengthen Brazil’s digital financial ecosystem​(

Stay tuned for more updates next week as the crypto market continues to evolve!