1. QCP Capital: Meme trading surges, market bullish sentiment should be treated with caution
QCP Capital's latest report points out that China's A50 index fell 7% today and 17% from its recent highs, as investor sentiment was depressed due to the lack of fiscal stimulus. However, US stocks continued to rise against the backdrop of uncertainty in the Middle East and the US election, and the bond market expected two interest rate cuts in 2024, less than the previous expectation of three. In the crypto market, meme token trading volume surged, and traders were heavily invested in the latest "hippo" or "cat" narrative. The perpetual contract funding rate of Deribit and Binance rose, indicating a reduction in shorts or an increase in longs. QCP expressed caution about the bullish sentiment in the market, believing that downward fluctuations are often likely when the market is most optimistic.
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2. The reason why HBO believes Peter Todd is Satoshi Nakamoto, even though he has denied it
In 2010, Todd responded to Satoshi on bitcointalk (using a new account); HBO claimed that he mistakenly used his own account to complete Satoshi's post; both accounts stopped activity after a few days; Todd later implemented the "replace by fee" concept discussed in the post; the documentary claims that Todd used the pseudonym "JohnDilon" to promote RBF; both used British/Canadian spellings; Satoshi's posting schedule was consistent with the student schedule claimed by the documentary, with more posts on weekends; Todd discussed "sacrificing" Bitcoin; the documentary implies that this refers to destroying Satoshi's coins.
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3. An 86-year-old former California lawyer who ran a cryptocurrency Ponzi scheme was sentenced to 5 years of probation and ordered to pay $14 million
In a ruling in a federal court in Las Vegas, an 86-year-old former California lawyer, David Kagel, was sentenced to five years of probation and ordered to pay nearly $14 million after admitting to operating a cryptocurrency Ponzi scheme. From December 2017 to about June 2022, Kagel and two accomplices lured victims into a fake cryptocurrency robot trading program, promising high returns and no risk, and obtained at least approximately $15 million of victim investor funds for various cryptocurrency trading schemes. Kagel's other two accomplices have pleaded not guilty and will await trial in a federal court in Los Angeles next April.
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4. A former chief investigator was sentenced to 16 years in prison in Russia for accepting Bitcoin bribes from hackers
Russia has sentenced a former chief investigator, Marat Tambiyev, to 16 years in prison after he was arrested for accepting 1,032 bitcoins worth $65 million in bribes from a group of hackers. Marat Tambiyev was working for the Russian Investigative Committee last year when he was accused of accepting bitcoin bribes from two people in the Infraud group hacker gang he was investigating. As part of the deal, Tambiyev agreed not to confiscate the gang's illegally obtained bitcoins. He subsequently received half of the illicit assets on April 7, 2022.
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5. The Irish Criminal Assets Bureau seized $378 million in Bitcoin, which could not be retrieved due to the loss of the mnemonic phrase
The Criminal Assets Bureau (CAB) of Ireland has seized Bitcoin from a drug dealer since 2019, with a total value of up to $378 million, but it has not been able to use it because it cannot obtain the mnemonic phrases for these Bitcoins. It is reported that these Bitcoins are stored in 12 wallets and were originally worth about $56 million when they were seized in 2020. Drug dealer Clifton Collins claimed that the file storing the mnemonic phrases was lost in a burglary, making it impossible for the CAB to access these Bitcoins. According to the CAB's annual report, only $1.3 million worth of assets have been recovered so far, including 89 Bitcoins, a fishing boat, a gyroplane and other vehicles.
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6. Well-known economist nominates Ethereum founder Vitalik Buterin as a candidate for the Nobel Prize in Economics
Renowned economist Tyler Cowen nominated Ethereum founder Vitalik Buterin as a candidate for the Nobel Prize in Economics in a podcast with Alex Tabarrok, saying that his contribution to cryptocurrency monetary economics "far exceeds that of other economists." Cowen said: "Vitalik built a platform, created a currency, and even overturned Mises' regression theorem. His achievements deserve the Nobel Prize." The two economists also highly praised Vitalik's feat of successfully transforming Ethereum from proof of work (PoW) to proof of stake (PoS). Tabbarrok described the process as "changing tires on a moving car" and called it "an incredible achievement." Cowen also specifically mentioned Vitalik's humility and philanthropy, believing that he is an excellent candidate for the Nobel Prize.
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