HBO’s Satoshi Hunt: Peter Todd in the Spotlight!

HBO's documentary suggests that Bitcoin core developer Peter Todd may be Satoshi Nakamoto.

Author

Danielle du Toit
October 09, 2024

Here's what we've got for you today:

  • Bitcoin Mystery Deepens as Documentary Points to Peter Todd as Satoshi

  • Canary Capital Follows Bitwise in Filing for Spot XRP ETF

  • Blockchain Sees Boost from AI DApps as DeFi and NFT Activity Falls

  • US Spot Bitcoin ETFs Experienced $18.6 Million in Net Outflows Yesterday, Dominated by Fidelity’s FBTC

HBO's documentary Money Electric: The Bitcoin Mystery raised a few eyebrows by suggesting that Bitcoin core developer Peter Todd may be Satoshi Nakamoto.

  • In the documentary that was produced by Cullen Hoback, Todd said, “Well yeah, I’m Satoshi Nakamoto.”

  • However, Todd is very well known for using the phrase "I am Satoshi" as a way to defend the real creator’s privacy, and often makes light-hearted references to being Satoshi. This was even the case in a 2019 podcast.

  • Despite the documentary’s dramatic conclusion, Todd denied being Satoshi on social media after its release by clearly stating, “I am not Satoshi.”

Canary Capital became the second issuer to bid for an XRP fund after it filed to create a spot XRP ETF with the SEC.

  • Canary Capital shared that its XRP ETF will track XRP's price using the CME CF Ripple index.

  • Additionally, the ETF will not use derivatives products to avoid additional counterparty and credit risks.

  • So far, Canary Capital has not revealed the custodian or the ticker for the XRP ETF.

The third quarter of 2024 witnessed a major leap in decentralized application (DApp) activity, largely driven by the rise of AI applications.

  • Daily unique active wallets (UAWs) on blockchain platforms reached 17.2 million, which is a 70% increase compared to the previous quarter.

  • AI-related DApps contributed a lot to this growth, and accounted for 4.3 million daily UAWs in the third quarter.

  • On the other hand, decentralized finance (DeFi) applications saw a 5% decline in total value locked (TVL), dropping from $168 billion to $160 billion.

US spot bitcoin ETFs recorded $18.66 million in net outflows on Tuesday, ending a two-day streak of positive flows.

  • Fidelity’s FBTC led outflows with $48.82 million exiting the product, while Grayscale’s GBTC saw $9.41 million in outflows.

  • BlackRock’s IBIT, which is the largest spot bitcoin ETF, was the only fund to see inflows of $39.57 million. The nine other ETFs recorded zero flows.

  • The total trading volume for the 12 ETFs reached $1.35 billion on Tuesday, up from $1.22 billion on Monday.

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