It has been a busy day in terms of news, so let us catch you up on the latest and greatest.

Today’s Agenda:

• Market Watch
• Highlights of the Day
  • Peter Todd Identified as Satoshi Nakamoto in HBO Documentary
  • Crypto.com vs. SEC
  • Azuki x Flashbots
• Project of the Day
• Crypto Corner
• Market Sentiment & Predictions
• Business & Political Insights 

Market Watch

Top Gainers

• Aerodrome Finance ($AERO): +3.4%
• Monero ($XMR):  +2.4%
• TRON ($TRX): +2.0%

Top Losers

• Worldcoin ($WLD): -7.9%
• Conflux ($CFX): -7.5%
• Celestia ($TIA): -7.5%

Trending Crypto Sectors/Categories

• Cat-Themed
• Solana Meme
• Binance Launchpad

Total Crypto Market Cap – 2.271 Trillion

Fear and Greed Index – 49

Top NFT Sale

• CryptoPunks #5569 Sold for 72 ETH 

Highlights of the Day

Peter Todd Identified as Satoshi Nakamoto in HBO Documentary

A leaked video from an upcoming HBO documentary on Bitcoin has sparked significant interest and debate in the cryptocurrency community. The documentarian, Cullen Hoback, suggests that Peter Todd may be the true identity behind the enigmatic figure of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

Peter Todd Denies Claims

In the wake of this claim, Peter Todd has been quick to refute the notion that he is Nakamoto. He described the assertion as “ludicrous” and accused Hoback of “grasping at straws” without presenting any concrete evidence to support such a claim. Despite his denial, Todd did confirm that he participated in an interview for the documentary and acknowledged that the leaked video clip was indeed authentic, emphasizing that it was not fabricated.

Crypto.com vs. SEC

In a significant development, the cryptocurrency exchange Crypto.com has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notice indicates that the SEC is investigating whether certain tokens traded on the platform should be classified as securities. If the SEC’s inquiry confirms this classification, Crypto.com would face heightened compliance requirements, potentially leading to further legal challenges.

Crypto.com Responds with a Lawsuit Against SEC

In a bold move, Crypto.com has launched a lawsuit against the SEC in the United States District Court for the Eastern District of Texas. The exchange argues that the SEC is overstepping its jurisdiction by attempting to classify nearly all digital tokens—excluding Bitcoin and Ethereum—as securities. Crypto.com claims that this approach establishes an unlawful framework, categorizing trades in virtually all cryptocurrencies as securities transactions, regardless of the method of sale.

Azuki x Flashbots

In a groundbreaking collaboration, Azuki has teamed up with Flashbots to demonstrate the innovative capabilities of Trusted Execution Environments (TEEs) in facilitating secure on-chain interactions. This initiative is part of Azuki’s ongoing Bobu experiment, which seeks to bridge the gap between Web2 and Web3, enabling seamless communication and engagement within online communities.

Partnership Details

The partnership between Azuki and Flashbots emphasizes the use of TEEs to protect sensitive data. In a recent test, an Azuki community member, DGTL, minted a special NFT that allowed temporary control over Bobu’s X/Twitter account without sharing login credentials. The minting process involved no password sharing, as the NFT included safeguards that specified allowable content and posting limits. Once these conditions were met, the NFT was automatically burned, demonstrating the security and flexibility offered by TEEs in on-chain interactions.

Project of the Day

Sei

Sei ($SEI) has rapidly emerged as a significant player in the blockchain landscape, introducing a cutting-edge Layer 1 solution designed to revolutionize the trading of digital assets. With a remarkable transaction speed of 12,500 transactions per second and a block finality time of just 380 milliseconds, Sei stands out as one of the fastest blockchains currently available, making it a competitive option in the market.

In terms of market performance, $SEI has a market cap exceeding $5.4 billion, with trading prices hovering around $1.96. The cryptocurrency has seen notable price movements, having gained over 111% in recent months. Over the past year, Sei’s value has skyrocketed by an impressive 350%, reflecting the growing interest and confidence in the project.

Moreover, the momentum continues to build as Sei experiences increased activity, particularly with the recent launch of memecoins and rising trading volumes. This uptick in engagement has captured the attention of both enthusiasts and investors, who are keenly observing Sei’s technological advancements and market developments. So, as the cryptocurrency market trends upward, expectations remain high for Sei’s continued success and expansion in this dynamic industry.

Crazy Day in Crypto

• Coinbase has announced the introduction of custom price alerts on its mobile app, allowing users to set personalized notifications for specific cryptocurrency price changes.
• Canary Capital has submitted a filing with the SEC to register a proposed Canary XRP ETF, designed to give investors exposure to XRP without requiring them to hold the cryptocurrency directly.

Market Sentiment & Predictions

• Standard Chartered Bank states that if Donald Trump wins the U.S. presidential election in 2025, Solana (SOL) could see a 5x increase, outperforming Ethereum (ETH), which is also expected to surpass Bitcoin (BTC).

Business Talks & Political Insights

• Russia and Turkey have both blocked access to the popular instant messaging platform Discord for their citizens.
• The U.S. Supreme Court has declined to hear Battle Born Investments’ claim to 69,370 Bitcoin seized from the Silk Road marketplace, enabling the government to sell the $4.4 billion worth of Bitcoin.

Brazil’s Supreme Court has permitted the return of X/ Twitter after Elon Musk met its requirements, which included removing certain user accounts and designating a legal representative for the platform in Brazil.