Between revolutionary announcements, technological developments and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovation and a field of regulatory and economic battles. Here is a summary of the most notable news from the past week around Bitcoin, Ethereum, Binance and Solana, and Ripple.
HBO reveals the identity of Satoshi: the crypto-community in turmoil
HBO caused shock waves in the crypto community with its documentary “Money Electric: The Bitcoin Mystery”, by claiming that Peter Todd, a Canadian developer, would be the mysterious creator of Bitcoin. The film relies on circumstantial evidence that suggests Todd may have used the pseudonym Satoshi to mask his identity while he was still a student.
Online publications and his support for innovations like Replace-by-Fee (RBF) are presented as key indicators of his involvement. The crypto community remains skeptical, and prefers to maintain the mystery around Nakamoto.
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Google simplifies ETH balance management with ENS domain integration
Google has taken a further step towards the adoption of cryptocurrencies by allowing balances associated with .eth domain names to be directly searched via its search bar. Through this integration with Ethereum Name Service (ENS) and using data from Etherscan, users can now quickly check crypto balances without leaving Google Search.
This development aims to make cryptos more accessible by avoiding the use of complex hexadecimal addresses and minimizing the risks of errors and phishing. This feature also strengthens security and improves user experience, making digital asset management smoother. With this addition, Google confirms its commitment to supporting the blockchain ecosystem and fostering broader adoption of cryptos by the general public.
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FBI deploys crypto to trap fraudsters
The FBI has set up an unprecedented operation by creating its own cryptocurrency, NexFundAI, to infiltrate a network of fraudsters in the crypto sector. The investigation was launched following an alert from the SEC regarding market manipulation involving the Saitama company.
Using NexFundAI, the FBI was able to identify fraudulent practices such as wash trading, used by companies like Robo Inu, VZZN, and Lilian Finance, as well as market making firms such as Gotbit and CLS Global. The fraudsters were caught red-handed by agreeing to manipulate the price of NexFundAI for compensation. This operation led to the indictment of 18 individuals and organizations, and marks a historic step in the fight against the manipulation of crypto markets.
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Mt. Gox postpones repayments: a reprieve for the market, a test for creditors
Mt. Gox, victim of one of the biggest hacks in crypto history, announces the postponement of the repayment of its creditors until October 31, 2025, an additional year of delay. The move aims to overcome technical difficulties that have slowed the process, although 21,000 creditors have already been partially repaid in Bitcoin and Bitcoin Cash. Mt. Gox's portfolio still holds 45,000 BTC (or $2.75 billion at current prices), and this expansion temporarily reduces the risk of a massive sell-off in the crypto market.
This respite is welcomed positively by some investors, who hope for a stabilization of the price of Bitcoin. However, the prolonged wait fuels creditors' frustration, exacerbates distrust of centralized platforms and strengthens the appeal of decentralized solutions.
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Stripe relaunches into crypto with Solana to revolutionize e-commerce
Stripe, online payment giant, marks its return to the crypto sector after a six-year hiatus by integrating stablecoin payments via Solana. The company had discontinued its support for Bitcoin in 2018 due to slow transactions and volatility. Now, Stripe is banking on USDC, a stablecoin issued by Circle, which provides crucial stability for commercial transactions. US merchants can receive dollars directly, Stripe takes care of the conversion.
Solana stands out for its near-zero fees and high processing speed, outperforming Ethereum and Polygon, making it an ideal choice for Stripe. This collaboration reflects a step towards broader adoption of cryptocurrencies in e-commerce, combining the expertise of Stripe with the performance of Solana to create a fast and reliable payments infrastructure.
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This is the main thing to remember for this week. But if you want a more detailed recap and in-depth analysis straight to your inbox, feel free to subscribe to our weekly newsletter.
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