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Bitcoin Whitepaper Turns 18: Wall Street Embraces Crypto Assets, Decentralization's Original Vision Faces a Test
Odaily reports: On October 31, 2008, Satoshi Nakamoto released the Bitcoin whitepaper, proposing a peer-to-peer electronic payment system that requires no participation from banks or central institutions. Over the past 18 years, Bitcoin has evolved from a fringe experiment on the early dark web and forums into an asset class recognized by Wall Street and institutional investors. As recently as last October, $19 billion in leveraged positions were liquidated in a single day, and the 2022 crypto winter wiped out more than $2 trillion in digital asset market value. On the 18th anniversary of the Bitcoin whitepaper's release, Bitcoin's price is hovering near $80,000, facing its worst month since June.Today, BlackRock's Bitcoin ETF has reached approximately $66 billion in assets, multiple public companies have added Bitcoin to their balance sheets, and traditional financial institutions are actively building out stablecoins, asset tokenization, and blockchain-based financial infrastructure. Yet this development brings a certain irony: Bitcoin was originally designed to challenge the centralized financial system, but is now increasingly being embraced by traditional financial institutions. (Bloomberg)
Court Has Accepted the Case: Prosecutors Seek Forfeiture of Over 61,800 Bitcoins and Other Assets in Qian Zhimin's 40 Billion Yuan Illegal Fundraising Case
Odaily News: On October 13, the Tianjin Second Intermediate People's Court issued an announcement stating that on September 28, the court filed and accepted a case in which the Tianjin People's Procuratorate Second Branch applied for the forfeiture of illegal gains involving criminal suspect Qian Zhimin. The case involves over 40 billion yuan in illegal fundraising and more than 61,800 bitcoins.According to the list of property subject to forfeiture published by the Tianjin Second Intermediate People's Court, the virtual currencies involved also include approximately 72,700 Bitcoin Cash, approximately 72,700 Bitcoin Gold, approximately 72,700 Bitcoin SV, approximately 3.606 million XRP, and approximately 70.0812 million Dogecoin. The aforementioned Dogecoin has been converted by UK judicial authorities and deposited into an interest-bearing account. The property subject to forfeiture also includes cash in US dollars, euros, and pounds sterling, jewelry, as well as bank balances, investment portfolios, and other assets. The Tianjin People's Procuratorate Second Branch holds that Qian Zhimin is suspected of the crime of fundraising fraud, and after fleeing and being wanted for one year has failed to appear in court. The more than 61,800 bitcoins and other property seized in the UK constitute illegal gains and their proceeds, and should be recovered in accordance with the law, with forfeiture imposed after lawful restitution to the affected fundraising participants.
Arkham: Justin Sun's tagged wallets hold $2.25 billion on-chain across 10 blockchains
Odaily reports that blockchain data platform Arkham stated on X that it has tagged Justin Sun's wallet addresses across 10 blockchains, with on-chain assets totaling approximately $2.25 billion. Arkham added that its research team previously ranked Justin Sun in September as the individual holder with the second-largest on-chain holdings, behind only Bitcoin founder Satoshi Nakamoto.
After 16 years of dormancy, a Satoshi-era address moved 100.02 BTC
According to Odaily, a Satoshi-era address moved 100.02 BTC worth $8.55 million after 16 years of dormancy. Bankless co-founder David Hoffman suggested that the transfer may be intended as preparation against quantum attacks.
Bitcoin Early Miner Addresses Collectively Stir: 350 BTC Surfaces but Unrelated to Satoshi Nakamoto
Odaily News According to Whale Alert monitoring, the dormant Bitcoin transactions that moved yesterday originated from multiple early mining addresses. These addresses mined 50 BTC at Bitcoin block heights 43361, 43452, 43647, 43680, 43765, 43855, and 43871, respectively, involving a total of 350 BTC. However, according to research findings, none of the aforementioned blocks were mined by Bitcoin founder Satoshi Nakamoto.
$70M-Budget Bitcoin Film Enters Post-Production
Odaily News – Directed by Doug Liman and starring Gal Gadot, Casey Affleck, Pete Davidson, and Isla Fisher, the film "Bitcoin" has a budget of approximately $70 million and has now entered post-production. The movie is reportedly set to explore the origins of Bitcoin and the identity of Satoshi Nakamoto, with a tendency to portray Craig Wright, who claims to be Bitcoin's inventor, as Satoshi. Previously, a UK court ruled that Craig Wright is not Satoshi Nakamoto. The film is written by Nick Schenk, produced by Ryan Kavanaugh and Lawrence Grey, with Craig Wright supporter Calvin Ayre also involved. A major U.S. distributor has yet to be announced.
Arthur Hayes Bids Farewell to BitMEX: Will Responsibly Shut Down the Platform in Its Own Way, Satoshi for Life
Odaily reports that BitMEX co-founder Arthur Hayes has posted a farewell message to the platform, expressing gratitude to partners, all BitMEX employees, and every customer: "It has been a wonderful journey, we created something special together, and I am proud of what we have achieved."Hayes stated that BitMEX will responsibly complete the platform's closure in its own way. He also reiterated his long-held crypto philosophy, declaring "Against traditional finance, against banks," and concluded with "Satoshi for life."
The Noah Doe case regarding ownership of Satoshi Nakamoto's dormant coins will have a hearing on September 8.
Odaily reported that Galaxy's Head of Research posted on X, stating that the court has scheduled a hearing for September 8 at 14:30 to consider requests by Bitcoin Policy to intervene as a defendant and Digital Chamber to join the Noah Doe case as amicus curiae. The case involves Noah Doe's attempt to claim legal ownership of dormant coins, including those held by Satoshi Nakamoto.
He Yi responds to CZ’s remarks about freezing Satoshi’s BTC, stating that the viewpoint is not original to CZ
Odaily reported that CZ previously mentioned in an interview that “if Satoshi’s address remains inactive for a long time after Bitcoin’s quantum-resistant upgrade, the relevant Bitcoin should be frozen,” sparking widespread discussion within the community.He Yi stated that the potential impact of quantum computing on the existing Bitcoin encryption system has long been a core topic of debate in the industry. CZ’s suggestion is not his personal original idea but rather a response proposal that has long existed within the Bitcoin community. By raising it in a public interview, his intention was merely to bring the technical security issue into the mainstream and broaden the scope of discussion.She noted that Bitcoin has undergone multiple forks while maintaining network stability, and there is no need for pessimism when facing quantum risks. Security challenges can be addressed through community collaboration to find solutions. The value of entrepreneurs lies in exploring feasible paths amid industry challenges, and any final disposal plans will ultimately be determined through the consensus mechanism of the Bitcoin community.
星球早讯
1. Taiko chain state verification mechanism was compromised; users are advised to immediately withdraw funds from the cross-chain bridge.2. Taiko ERC20 Vault was attacked, with losses exceeding $1 million.3. US Vice President Vance: Trump calls for "turning a new page" and is committed to achieving a comprehensive regional ceasefire.4. An advisor to Iran's Supreme Leader: Will not give up the capabilities gained in the Strait of Hormuz.5. US media: Trump warned Iran last night not to close the Strait of Hormuz.6. "White-Haired Stock God" Serenity comments again on SIVE: The next-generation optical interconnect supply chain for AI data centers may hold significant hidden value.7. Citrini: The debt issuance scale of hyperscale cloud service providers over the next two years may significantly exceed market expectations.8. CSC Financial: Domestic models are accelerating iteration, and the computing power boom continues.9. Altura CEO: Decided to orderly close the Altura Vault due to a surge in withdrawals.10. Satoshi Nakamoto's response 16 years ago regarding lost Bitcoin: A donation to all holders.
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Bitget launches GetAgent Satoshi Nakamoto Special Edition, paying tribute to the 17th anniversary of the Bitcoin white paper with AI dialogue.
2025
10/31










