Dolos Chain Trade

• Ethereum price traded near $2,600 as crypto experienced a brief lull.
• A CryptoQuant analyst says ETH could witness a short squeeze, but points to $2.7k as key resistance.

Ethereum traded to near $2,750 on Monday, Oct. 21, rising amid broader gains for the crypto market as Bitcoin shot past $69,000. However, with BTC dipping, the ETH price followed suit and tested support near $2,600 on Oct. 22.

The price of Ethereum has returned above $2,620, and a CryptoQuant analyst says the top altcoin could see a short squeeze scenario. According to Shayan B, this outlook results from the rising leverage. If the bulls manage to break out above the supply wall around $2.7k, then ETH price could rise further.

Ethereum price outlook

Currently, the market seems bearish on ether price prospects, which means many traders expected a downside continuation. But with “leverage at concerning levels,” a short squeeze would mean unexpected price surge and major liquidations.

ETH would notch gains in such a case.

“With leverage at concerning levels, the futures market is now considered overheated. This leaves Ethereum vulnerable to a potential short-squeeze event. In such a scenario, if ETH’s price rises unexpectedly, traders with short positions could be forced to cover their positions by buying back ETH, creating an impulsive price spike,” the analyst noted.

The key level however remains at the 100-day moving average near $2,700. This area presents a notable resistance area that bulls may have to conquer to see further gains.

Ethereum Faces Short-Squeeze Risk: Rising Leverage and Key Resistance at $2.7K

“With leverage at concerning levels, the futures market is now considered overheated. This leaves Ethereum vulnerable to a potential short-squeeze event.” – By @ShayanBTC7

👇https://t.co/LBeV3Lis4d pic.twitter.com/wUZ2sEowmW

— CryptoQuant.com (@cryptoquant_com) October 22, 2024

Data from Coinglass showed total 24-hour crypto liquidations stood at over $165 million.

Most of this, about 75% were long positions rekt over the past 24 hours at $129 million. Shorts accounted for about $36 million. Looking at Ethereum, data showed longs accounted for $36 million of the total $39 million liquidated over the past 24 hours.

ETH price reached its year-to-date peak of $4,070 in March.

• Trump wished a happy birthday to the anniversary of Bitcoin’s whitepaper and called on ending “Kamala’s war on crypto”
• Since Bitcoin’s initial days, its price has risen to over $72,000 and is accepted as legal tender in El Salvador
• Trump’s post comes less than a week before the US election results are in

Former US President Donald Trump has sent well wishes celebrating the 16th anniversary of Bitcoin’s whitepaper.

Posting on X, Trump said: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” adding:

“We will end Kamala’s war on crypto & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne.”

On October 31, the mysterious creator of Bitcoin, Satoshi Nakamoto, released the whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System, which would change how we view money.

Detailing how the current financial system works, the author proposed introducing a new “electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”

Initially looked at with scepticism, Bitcoin’s price has since soared to more than $72,000 as it makes its way toward its March all-time high of $73,700, is accepted as legal tender in El Salvador, and retail and institutional investors can invest in spot Bitcoin exchange-traded funds (ETFs).

Trump’s post comes less than a week when the results will be in announcing the next POTUS. Trump and his rival, Vice President Kamala Harris have both been vocal in supporting the crypto industry should they lead the government.

In September, Harris said during a US presidential campaign that, if elected, she would help grow investment in artificial intelligence and crypto. She has also promised to support a “regulatory framework for cryptocurrency and other digital assets.”

Meanwhile, Trump has said he’ll make America the “crypto capital of the world.” Trump has also backed a crypto project called World Liberty Financial, which plans to launch a stablecoin linked to the US dollar. Raising $14 million in initial funding, the project plans to capitalize on the growing demand for stablecoins.

Wellington Management, an asset manager with over $1 trillion in assets, has announced a partnership with Ondo Finance in a collaboration that aims to power intraday redemptions for a newly unveiled tokenized US Treasury fund.

Ondo is a decentralized finance protocol that’s seeing rapid growth in the tokenized assets market.

Ondo and Wellington team up on new tokenized fund

The fund in question is the Delta Wellington Ultra Short Treasury On-Chain Fund, or ULTRA, which Standard Chartered-backed tokenization platform Libeara launched in collaboration with fund management infrastructure firm FundBridge Capital.

Delta Wellington Ultra Short Treasury On-Chain Fund is live on the Ethereum blockchain. However, the issuers have plans to expand it to Arbitrum, Avalanche and Solana. The partnership between Wellington Management and Ondo Finance will see the latter offer the technology that will enable intraday redemptions.

1/ Wellington Management Partners with Ondo Finance to Provide Intraday Redemptions for Tokenized US Treasury Fund

Wellington Management (@Wellington_Mgmt) one of the world’s largest independent asset managers with over $1 trillion in assets, has partnered with Ondo Finance to… pic.twitter.com/dy1tefMxxM

— Ondo Finance (@OndoFinance) October 30, 2024

With this, investors can enter and exit positions any time. Ondo and Wellington see this as a crucial step towards enhancing the fund’s utility across web3.

“By enabling 24/7 liquidity, Ondo Finance is ensuring that tokenized assets can be most effectively used as collateral and for cross-border settlement, including in the digital assets ecosystem,” Nathan Allman, chief executive officer of Ondo Finance, said in a statement.

Ondo has Ondo U.S Dollar Yield (USDY) and Ondo Short Term US Government Bond Fund (OUSG), two of the top tokenized US Treasuries funds.

According to rwa.xyz, USDY and OUSG have market caps of $444 million and $205 million respectively. However, that’s notable in a market currently at just over $2.43 billion.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) is the largest at over $533 million.

• Sui (SUI) has surged 116.2% in three months.
• While Bitcoin Dogs (0DOG) has seen a considerable decline since its public listing, key metrics point to a possible trend reveal.
• Both tokens show growth potential, with SUI’s TVL exceeding $1 billion and rising interest.

Cryptocurrency investors are continuously on the lookout for promising assets that offer significant growth potential and two tokens, Sui (SUI) and Bitcoin Dogs (0DOG), have caught the attention of investors.

Both Sui and Bitcoin Dogs have showcased impressive performance and unique features, making them appealing choices for traders and long-term investors.

Sui price soars by 63% in two weeks amid bullish market sentiment

Sui (SUI) has recently made headlines, witnessing a remarkable price increase of over 116.2% in the past three months, outpacing established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

Currently priced at around $1.77, SUI has demonstrated resilience despite a recent price pullback, suggesting a robust bullish sentiment. Its price has risen by 63.7% over the past two weeks adding to its yearly gains of 277.09%, at press time.

Sui’s TVL recently surpassed the significant milestone of $1 billion, hitting an all-time high of $1.03 billion on September 19. Although the TVL has slightly decreased to approximately $984.85 million according to DefiLlama, this figure still represents a substantial increase from previous metrics, showcasing the growing liquidity and trust in Sui’s decentralized finance (DeFi) ecosystem.

A higher TVL generally indicates greater liquidity, making the protocol more attractive to both investors and developers.

Sui’s trading volume also reflects strong market confidence, with recent spikes reaching over $1 billion, indicating sustained investor interest. The derivatives market mirrors this trend, with volumes reaching $2.49 billion on September 25, a notable 35.57% increase within just 24 hours.

Despite some fluctuations, these figures underscore a high level of participation in the SUI derivatives market, with significant short liquidations suggesting that bearish traders are being squeezed out, paving the way for continued bullish momentum.

In addition to impressive financial metrics, Sui has seen a rise in user engagement, with daily active addresses increasing from 1.24 million to 1.8 million on September 27—a 12.93% uptick in just one day. This surge in user participation signals heightened interest in Sui’s decentralized applications (dApps) and services, which could further enhance the asset’s attractiveness.

Bitcoin Dogs (0DOG): The Rising Meme Coin

Besides Sui, Bitcoin Dogs (0DOG), a relatively new meme coin, is rapidly establishing itself in the meme coin sector. It is currently priced at $0.00661 after a successful presale round and listing on several crypto exchanges including MEXC.

Although 0DOG has experienced notable volatility, including a 64.83% decline over the past month, its long-term prospects remain bullish. This is largely due to its close correlation with Bitcoin’s price movements, positioning it as a leveraged play on Bitcoin, especially as institutional interest in Bitcoin ETFs grows.

What sets Bitcoin Dogs apart is its innovative approach. As the first-ever ICO project on the Bitcoin network, it combines elements of NFTs and play-to-earn (P2E) gaming mechanics. The upcoming launch of its Telegram game is anticipated to provide additional utility, attracting not only meme coin enthusiasts but also gamers and investors looking for innovative blockchain projects.

This unique blend of features positions Bitcoin Dogs as more than just another meme coin; it represents a new frontier in the Bitcoin ecosystem.

Despite recent fluctuations, Bitcoin Dogs has the potential to outperform traditional assets in bullish market conditions.

Analysts predict that the meme coin supercycle is just beginning, with 0DOG expected to capitalize on this trend. Early Bitcoin investors, who have demonstrated market-savvy decisions in the past, are flocking to Bitcoin Dogs, hoping to replicate their initial successes with Bitcoin.

Conclusion

With both Sui and Bitcoin Dogs capturing investor attention through their unique value propositions and strong metrics, they are set to play significant roles in the evolving cryptocurrency landscape. As more participants enter the market, these tokens could pave the way for future growth, making them essential assets to watch closely in the coming months.

Whether you are a seasoned trader or a newcomer to cryptocurrency, SUI and 0DOG offer intriguing opportunities for those willing to explore their potential. For more information about 0DOG, you can visit the project’s website.

• Bitcoin prices fluctuate in tandem with US election odds for Trump and Harris.
• A new meme coin index fund called Vantard offers exposure to high-growth meme coins.
• Vantard’s Meme Portfolio (VMP) will allow investors to benefit from the “memecoin supercycle” with minimal effort.

With markets experiencing turbulence and the US elections shaping up to be a closer race than anticipated, crypto traders are shifting strategies to manage risk and capture returns.

Vantard’s Meme Portfolio (VMP), a unique index fund for Solana’s top meme coins, is increasingly seen as a way to ride out market volatility. Designed to capitalize on the current “memecoin supercycle,” Vantard’s VMP offers traders a chance to invest in high-growth assets without the complexity of daily trading.

Crypto market swings wildly as US elections nears

In the days leading up to the US presidential election, the crypto market has shown unusual sensitivity to election odds, especially with the price of Bitcoin fluctuating in parallel with the betting markets.

Notably, the race between GOP candidate Donald Trump and Democratic candidate Kamala Harris, the latter of whom replaced Biden on the ticket, has recently tightened.

On Polymarket, a popular betting platform, Trump’s chances initially surged to 67%, correlating with Bitcoin’s ascent toward an all-time high near $73,700. This trend seemed to reflect trader optimism around a crypto-friendly outcome, given Trump’s known support for digital assets.

However, as Trump’s odds decreased—dropping to below 53% at one point—the cryptocurrency market responded, with Bitcoin’s price retreating to as low as $67,600.

Although both Trump’s odds and Bitcoin’s price have partially recovered, with Trump holding at 56% and Bitcoin trading around $68,300, the impact of political events on the crypto market remains stark.

Bitcoin’s correlation with election outcomes is striking, with broader market indices such as the CoinDesk 20 Index also showing similar trends. Cardano (ADA) and Avalanche (AVAX) have notably underperformed, each down nearly 6% during the same period.

Analysts have pointed out this emerging trend, with crypto commentator Miles Deutscher noting how “correlated Bitcoin price action is to Trump’s election odds.”

It’s crazy how correlated #Bitcoin price action is to Trump’s election odds.

Maybe it really is as simple as:
• Trump win = $BTC pump
• Kamala win = $BTC dump pic.twitter.com/8h8sUzJ0U6

— Miles Deutscher (@milesdeutscher) November 3, 2024

This demonstrates how the current macro environment—where investors respond to a mix of political, economic, and regulatory factors—continues to drive crypto price movements in unprecedented ways.

For traders concerned about volatility, diversifying into assets less directly affected by election-related pressures is becoming a priority.

Investors turn to Vantard to hedge against the faltering market

In light of the ongoing market volatility, a new meme coin dubbed Vantard, the first of its kind Meme Portfolio (VMP), has emerged as a timely option for traders looking to benefit from a sector largely disconnected from the traditional crypto market’s political and economic influences.

Vantard’s VMP is the first-ever meme coin index fund, giving investors access to a curated, periodically rebalanced portfolio of top meme coins on the Solana blockchain.

Unlike other altcoins, which can suffer from complex tokenomics and significant sell pressure, meme coins are driven by attention and often launch with fully circulating supplies, allowing for a more straightforward price discovery process.

Vantard’s approach capitalizes on the so-called “memecoin supercycle,” a phenomenon where meme-based digital assets have outperformed other crypto sectors.

Year-to-date, meme coins like WIF and Popcat have delivered impressive gains, with many traders considering these assets as the “dominant trade” of this cycle.

For Vantard, this presents a unique opportunity to build on the speculative interest that drives the meme coin market while making high-yield investments accessible to the average trader.

As global liquidity rises and traditional financial assets see dwindling returns, capital flows have been favouring speculative investments like meme coins, further supporting Vantard’s position.

Vantard’s model is comparable to the transformative impact ETFs had on traditional stock market investing. By packaging meme coins into a low-touch, index-style investment product, Vantard allows traders to participate in the upside of meme coins with minimal effort, creating a straightforward path to profit from meme-driven market sentiment.

The meme coin index fund’s underlying assets, such as popular tokens like $POPCAT, $AURA, and $GIGA, are selected based on their popularity and growth potential within the current memecoin landscape. Investors also benefit from the fund’s transparency; VTARD token holders can redeem tokens against the Treasury, providing a clear linkage between the token value and the underlying assets.

The timing of Vantard’s offering is especially compelling given the broader economic climate. As traditional altcoins face increased scrutiny due to tokenomics complexities and looming sell pressures, meme coins, with their simplicity and market-driven value, stand out as a low-barrier investment option.

Furthermore, macroeconomic factors—such as rising global liquidity and potential rate cuts—favour the speculative investment behaviour driving the meme coin market. By tapping into these trends, Vantard positions itself as the “mutual meme fund” for the current crypto cycle, letting investors “ride the memecoin supercycle” without being weighed down by the mental overhead of active trading.

Conclusion

In a market defined by volatility and the growing influence of political developments, Vantard’s Meme Portfolio offers a clear alternative for those eager to capitalize on the crypto market’s most explosive sector.

As the election draws near and the potential for market swings persists, Vantard’s index of top meme coins could prove to be an effective hedge, providing exposure to assets that thrive on attention rather than complex economics.

For traders, this first-of-its-kind fund is not just a tool for riding the memecoin wave—it’s a way to maintain potential upside even as traditional crypto markets waver. Interested investors have the opportunity to grab a share of VTARD tokens for $0.00012 in the current presale stage before the presale moves to the next stage where the price is expected to rise to $0.00013.

• Consensys cuts 20% of its workforce due to economic and regulatory challenges.
• CEO Joe Lubin criticizes the SEC’s actions as a harmful “abuse of power.”
• The company aims to enhance decentralization and evolve into a “Network State.”

Consensys, a pioneering force in blockchain technology and a primary supporter of the Ethereum network, recently announced a reduction of 20% in its workforce.

Affected employees will receive severance packages, extended healthcare benefits, and outplacement services to support their transition.

The decision stems from a combination of challenging macroeconomic conditions and increasing regulatory pressure in the cryptocurrency sector, with Consensys’ leadership pointing to the US Securities and Exchange Commission’s (SEC) “abuse of power” as a significant factor.

In a recent blog post, founder and CEO Joe Lubin expressed frustration over the financial and operational strains imposed by ongoing regulatory actions.

Lubin said, “Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem.” He added that such actions from the government will cost crypto companies millions in legal fees and lost business opportunities, stifling innovation in a sector that is on the cusp of mainstream adoption.

The legal battles between Consensys and the SEC primarily focus on the regulator’s claims that Consensys has been operating as an unregistered broker, particularly through its MetaMask services.

According to the SEC, the company’s operations could involve the offer and sale of securities, which would require formal registration.

The dispute has escalated with Consensys filing a countersuit against the SEC, alleging regulatory overreach. The company argues that the SEC’s aggressive stance is a “power grab” over Ethereum, designed to exert more control over decentralized financial products.

This stance aligns Consensys with several other crypto companies, including Coinbase and Grayscale, that have also resisted SEC enforcement, signalling a larger industry pushback against unclear regulations.

Despite these challenges, Consensys maintains a strong market position, continuing to focus on Ethereum-based products like MetaMask and Infura, which have become essential tools within the blockchain ecosystem.

To navigate this uncertain landscape, the company is taking steps to streamline its operations, positioning itself for agility and long-term sustainability in an evolving, often volatile industry.

Looking forward, Consensys aims to enhance decentralization within its own structure. By progressively transforming its products into protocols, Consensys envisions itself evolving from a centralized company to a “Network State,” with tools like MetaMask anchoring this new direction. This shift could enable a more decentralized, web3-native future, where small, agile companies lead the economy and foster innovation.

Through these structural changes, Consensys seeks to uphold its commitment to Ethereum’s mission while adapting to an ever-changing regulatory and economic environment.

• Crypto market drops as Iran launches missile strikes into Israel
• Bitcoin falls to $62k; Ethereum drops below $2,500
• The global crypto market cap declines by 2.72% to $2.18 trillion

The global crypto market has witnessed a decline in value following reports of Iran firing missiles into Israel.

The heightened geopolitical tensions have sent shockwaves through financial markets worldwide, with crypto assets taking a hit.

As news of the missile strikes spread, cryptocurrency markets reacted swiftly. Bitcoin (BTC), the largest cryptocurrency by market capitalization, had dropped to $61,932.92 at press time. Ethereum (ETH), the second-largest cryptocurrency, witnessed a 3.42% plunge, with its price dipping below $2,499.30.

Altcoins, often more volatile, experienced even steeper declines, with Arweave (AR), Notcoin (NOT), Gala (GALA), and Worldcoin (WLD) dropping by double digits as investors scrambled to offload risky assets.

As the market plunged, the global cryptocurrency market cap dropped by over 2.72% to $2.18 trillion.

The drop in crypto prices underscores the market’s sensitivity to geopolitical events. Historically seen as a hedge against inflation and economic uncertainty, cryptocurrencies have not proven immune to geopolitical shocks.

Investors, rattled by the fear of broader regional instability and its potential impact on global markets, have moved to safer assets such as gold, which saw an uptick in prices.

The attack marks a severe escalation in the already volatile Middle East region. Iran’s missile launches were reportedly in retaliation for the Israeli operations in Lebanon that have resulted in the elimination of Hezbollah’s leader.

Israel has, however, responded swiftly, vowing to defend its territory, raising concerns of an impending large-scale conflict.

While the full extent of the conflict’s impact remains unclear, the continued volatility in the Middle East is likely to keep the crypto market on edge in the coming days.

Traders and analysts are now closely watching both diplomatic developments and market reactions.

• Bitcoin price broke to above $66,000 for the first time in nearly three weeks
• Cypto analysts at QCP say ‘Uptober’ and the US election sentiment could push bulls higher

Bitcoin’s (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024, as most cryptocurrencies recorded 24-hour gains.

According to data from CoinGecko, BTC’s price had reached highs of $66,173 across major crypto exchanges.

On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance.

Bitcoin traded around $65,959 on Coinbase at the time of writing, suggesting a potential continuation amid gains across the S&P 500. The issue of China’s stimulus package was also in trader sentiment. In the crypto market, the overall “Uptober” mood looked to have swung in as altcoins also rose.

Bitcoin surges ahead of US election

A forecast for BTC by the Singapore-based trading firm QCP Capital suggests BTC is showing price trajectories that mirror previous US election cycles.

If this trend continues, Bitcoin bulls may target further gains ahead of the November election.

“Although there could be many factors that could explain today’s move, it is quite an interesting time if we look at historical price action. We are in the middle of October and just three weeks away from the US elections,” QCP said in an update on Telegram.

The trend in 2016 saw Bitcoin rise from around $600 three weeks to the election to above $1,200 in early January. It happened again in 2020, when BTC rallied from $11k around mid-October to hit $42k in January 2021.

“After months of trading in the range, will history repeat itself? Today’s rally has definitely given the market a glimmer of hope just as Uptober optimism was fading,” QCP added in the note.

Bitcoin reached an all-time high of $73k in March, with the rally coming amid halving sentiment and the launch of spot Bitcoin exchange-traded funds (ETFs).

• Bangkok will host the Open AGI Summit on November 13 alongside DevCon 2024.
• The summit focuses on ethical AI development through decentralized governance models.
• Prominent speakers include Pramod Viswanath and Sandeep Nailwal from leading firms.

Bangkok is set to be the epicenter of innovation as it hosts the Open AGI Summit on November 13, 2024, in conjunction with DevCon, a major blockchain developer conference.

These unique events aim to explore the intersection of Artificial General Intelligence (AGI) and decentralized technologies, fostering dialogue about the ethical implications of AI in a rapidly evolving digital landscape.

Supported by flagship partners including Google Cloud, Sentient, Polygon Labs, and SCB 10X|SCBX, the Open AGI Summit promises to engage both AI and blockchain communities.

All eyes on the Open AGI Summit

As the world advances toward AGI, concerns about centralized control and potential societal risks are becoming increasingly prominent. The Open AGI Summit seeks to address these anxieties by examining how decentralized, blockchain-based governance models can lead to safer and more transparent AI development.

By emphasizing collaboration and ethical dimensions, the summit aspires to ensure that AGI serves as a tool for universal benefit and prosperity.

The summit will feature prominent voices from the fields of AI, blockchain, and web3, including Pramod Viswanath, a professor of engineering at Princeton University, and Sandeep Nailwal, co-founder of Polygon.

Nailwal highlights the critical decision society faces: to allow a handful of corporations to dominate AI technology or to embrace a future where AI is open, transparent, and accessible to all. He asserts that blockchain technology can ensure the equitable distribution of AI benefits, guided by collective values.

Discussions at the summit will cover essential topics, including advancements in AI safety research, decentralized governance structures, and ethical considerations in AI development.

Attendees can expect a deep dive into the innovative synergy between AI and blockchain, emphasizing emerging applications that could redefine industries.

Ultimately, the Open AGI Summit aims to bridge the gap between academia, industry, and the decentralized AI community, fostering collaboration towards responsible AGI development.

This convergence is essential for ensuring that AI technologies are built with a commitment to ethical principles and societal benefit, marking a significant step toward a safe and beneficial future for AGI.

• Stephen Mollah said he was Satoshi Nakamoto in front of a dozen journalists in London
• Bitcoin core developer Peter Todd was wrongly named as Nakamoto last month in an HBO documentary

Another man has come forward claiming to be the mysterious creator behind Bitcoin, Satoshi Nakamoto.

This time, he’s called Stephen Mollah. Taking to the stage at London’s Front Line Club in front of around a dozen journalists, Mollah made the claim with one journalist calling it an “odd set up.”

Live tweeting the event on X, Joe Tidy, a BBC journalist, said: “An odd set up to the press conference as the organiser asked me to pay £500 to attend and appear on stage to ask questions of the billionaire mystery man.”

I’m at a London event billed as the ‘unveiling of the true legal identity of Bitcoin inventor Satoshi Nakamoto’. An odd set up to the press conference as the organiser asked me to pay £500 to attend and appear on stage to ask questions of the billionaire mystery man. pic.twitter.com/3oTB6qX20U

— Joe Tidy (@joetidy) October 31, 2024

According to Mollah, he’s claimed he’s Nakamoto before, is currently in a legal dispute about it, and is now ready to provide evidence. He tried to reveal who he was in 2016, but “someone stopped him.”

After an hour of listening to Mollah’s backstory, he failed to provide evidence. Instead, he supplied a series of screenshots that could have easily been faked. When Mollah was asked to move some of the Genesis Bitcoin, he said he would in the ‘next few months.’

Mollah and Charles Anderson, the event organizer, have been accused of fraud when Mollah posed as Nakamoto between November 2022 and October last year. The pair pleaded not guilty at a hearing last month, The Standard reports.

Another one to the list

Mollah joins a growing list of people who have claimed to be Nakamoto or others believe them to be.

Last month, the HBO documentary Money Electric: The Bitcoin Mystery wrongly named Bitcoin core developer Peter Todd as Nakamoto. Before the big reveal, the documentary also pointed to Blockstream founder Adam Back.

Following the documentary, Todd said he’d been forced underground over fears for his safety.

Others believed to be Nakamoto include late software engineer Hal Finney and computer scientist Nick Szabo.

In May, a UK High Court ruled against Australian Craigt Wright that he was Nakamoto, arguing that Wright had lied “extensively and repeatedly” throughout the trial, further accusing him of presenting “fabricated” evidence to support his claims.