U.Today — Here are the top three stories of the day, presented by U.Today.
FBI Breaks Silence on Creator Satoshi Nakamoto
Dave Troy, a prominent investigative journalist and entrepreneur, recently filed a Freedom of Information Act (FOIA) request with the FBI asking for information about Satoshi Nakamoto, the anonymous creator of Bitcoin. The bureau responded to the request by stating that Satoshi may be “one or more third parties” and that it could “neither confirm nor deny” the existence of records about them. As Troy’s comment on the FBI’s response makes clear, this is a typical response to requests involving non-U.S. individuals. The journalist wrote that he intends to appeal the response, adding that his goal is not to identify the person behind the pseudonym but to obtain any information the FBI may have on the subject.
grows by $12 billion: What’s happening?
XRP has recently seen a significant enhance in actual trading volume; according to on-chain data, the figure has increased by $12 billion. It often correlates with increased market activity and can potentially influence price fluctuations. An enhance in volume indicates modern interest in XRP, which could be the result of a change in market sentiment from institutional interest or gigantic trades by gigantic holders. When volume increases, more people are typically entering the market, either as buyers or sellers. In terms of XRP, this could suggest that investors are preparing for a future move, possibly due to speculation or in response to recent events in the cryptocurrency market. However, despite the enhance in volume, XRP’s market cap dominance remains low at around 1.4%.
Arthur Hayes Predicts Epic Altcoin Season, But Not Until Then
BitMex co-founder Arthur Hayes recently published an essay titled “Water, Water, Everywhere,” in which he shared his opinion on the future prospects of the cryptocurrency market. Hayes believes that the market is facing a dramatic change. He highlighted the apparent correlation between the decline in funds in the reverse repurchase agreement (RRP) market and the rise in the price of Bitcoin. As money flows into the system from RRPs, the prices of assets, including cryptocurrencies, are expected to rise. Hayes is confident about the future of Bitcoin, speculating that it could reach $100,000 in the near future and $1,000,000 in the long term. Another prediction from the BitMex co-founder is on the subject of altcoins; according to Hayes, we will only see a full-fledged altcoin season when Bitcoin breaks through the $70,000 and $4,000 levels.
