Jack Dorsey, long rumored to be Satoshi Nakamoto, reignited debate by declaring “Bitcoin is not crypto,” arguing BTC stands apart from other digital assets. Jack Dorsey, the creator of Twitter and a strong supporter of Bitcoin, has reignited debate in the crypto community with his latest comments on what BTC truly is. Dorsey took to X on Sunday to post a brief message stating “Bitcoin is not crypto,” prompting a massive response with more than 4,000 comments. While some argued that the anonymous BTC creator Satoshi Nakamoto described Bitcoin (BTC) as a “peer-to-peer cryptocurrency” on the Bitcointalk forum back in 2010, Dorsey highlighted the word “currency,” underscoring its monetary roots. Read more
The recovery came as Bitcoin achieved a weekly close above $108,000, with the technical setup on the charts targeting significant gains ahead. Key takeaways: Bitcoin surged above $111,000 on Monday, driven by improving macro conditions and a potential US-China trade deal. Technical analysis shows bull flags targeting $186,000-$192,000 BTC price in the weeks ahead. Read more
Aster’s return to DefiLlama came with missing historical data, leaving transparency questions unresolved across DeFi dashboards. Decentralized finance (DeFi) data aggregator DefiLlama quietly reinstated decentralized exchange (DEX) Aster to its analytics platform, weeks after delisting the project over disputed trading data. Dragonfly managing partner Haseeb Qureshi flagged the development on X, noting that there was no public discussion or announcement from either Aster or DefiLlama. Qureshi noted “big gaps” in the historical data, and asked the pseudonymous DefiLlama founder 0xngmi if the numbers are now legitimate. Responding to the post, 0xngmi said the team still could not verify the numbers, describing it as a “black box.” He added that while DefiLlama is developing a new system to include more metrics, Aster’s team requested to be relisted in the meantime. Read more
Jackson Denka, CEO of Azura, believes crypto airdrops will eventually take a backseat to IPO’s, but what if there was a way to save them? Airdrops are a common practice among new crypto projects, but as much as 88% of airdropped tokens lose value within three months, according to data collected over the last seven years. A Sept. 18 report by DappRadar analyst Sara Gherghelas found that since 2017, projects have distributed over $20 billion in airdrops, but 88% of the airdropped tokens lost value within months, “highlighting the gap between short-term hype and long-term sustainability.” Speaking to Cointelegraph, DappRadar’s head of content, Robert Hoogendoorn, said token distribution is key to success in an airdrop; projects want to place their token in the hands of diamond holders. Read more
Long-term Bitcoin holders took profits at record levels with realized gains hitting $1.7 billion daily as older coins re-entered circulation. The price of Bitcoin will have a challenging road ahead as long as long-term holders continue to take profits, according to analysts. The failure of crypto markets to recover was not due to manipulation, paper Bitcoin, or suppression, “just good old-fashioned sellers,” said analyst James Check on Sunday. Check added that the sheer volume of sell-side pressure from existing Bitcoin (BTC) holders is still not widely appreciated, and that it was “the source of resistance” at the moment. Read more
AI will automate most retail purchases in the future, with blockchain used to finalize payments, Shark Tank co-host and venture capitalist Kevin O’Leary says. AI and blockchain will spark the “next revolution in business,” according to multimillionaire Kevin O’Leary, with AI being able to autonomously make retail purchases and using blockchain to take care of payments. In a three-minute video posted to X Saturday, the Shark Tank co-host and venture capitalist said that blockchain will support an incoming wave of AI-driven transactions, handling everything from orders at Walmart and Target to burger shops and cafes: “So what happens there is the AI analyzes where you are, looks at the geography of what retailer [is nearby] and determines that that’s the one, and then uses a blockchain to actually do a digital payment system for the tall low-fat latte,” explained O’Leary. Read more