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CoinDesk Podcast Network

COINDESK DAILY: An HBO Documentary Is Set to Reveal Satoshi's Identity; U.S. Added Blowout 254K Jobs in September

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 4 October 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Christine Lee breaks down the news in the crypto industry including a new HBO documentary that claims to have cracked the identity of Satoshi Nakamoto to the stronger-than-expected U.S. jobs data. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as a new HBO documentary is set to unveil the identity of Bitcoin's anonymous creator, Satoshi Nakamoto. Plus, the U.S. jobs data returned stronger than expected and Binance's combined market share in spot and derivatives volume dropped to its lowest level since September 2020. - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee, Jennifer Sanasie, Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Here we go again. Who is Satoshi Nakamoto? HBO is taking a stab with question and polymarket

0:06.3

traders are placing their bets. This is CoinDust Daly. I'm your host, Christine Lee.

0:15.5

Len Sassiman is Satoshi Nakamoto. That's according to nearly 50% of polymarket traders who believe a new

0:22.9

HBO documentary premiering next week will suggest the beloved academic and cypherpunk will be

0:28.8

identified as Bitcoin's pseudonymous creator. Sassman took his life in 2011 after a battle with

0:35.3

depression. He's thought to be Satoshi because of his strong ties to

0:39.2

the cypher pug community, long history of published academic work on cryptography and work in

0:44.4

security architecture, privacy, and decentralization. Sassiman's writing style and expressions

0:50.3

are similar to Satoshi, and his death took place shortly after Satoshi stopped posting online, writing,

0:56.0

I've moved on to other things and probably won't be around in the future.

1:00.0

A memorial is hard-coded on every node in the Bitcoin network immortalizing Len Sassiman on the blockchain forever.

1:07.0

U.S. employment was on the rise in September and the government reporting the

1:12.3

addition of over 250,000 jobs last month, flying past economist estimates for just 140,000.

1:20.0

The Bureau of Labor Statistics reporting, the unemployment rate slid to 4.1% from 4.2% in August. Bitcoin changing hands at $61,500 in volatile

1:32.2

action shortly following the release of the report up around 2% over the past 24 hours. Prior to

1:39.2

this morning's jobs data, short-term rate markets had priced a 30% chance of a 50 basis point cut in November,

1:46.2

but that number has now dropped to only 9% according to CME FedWatch.

1:52.0

Binance's lead in market shares over rival exchanges shrinking to its narrowest level in four years.

1:58.5

CC data reporting that Binance's combined market share and spot

2:01.9

and derivatives volume dropped just under 37 percent the lowest level since September 2020.

2:08.6

Overall, trading volumes in September also fell to the lowest level since June, but the report

2:14.4

from CC data says that training activity is forecast to pick up in the last quarter amid expected Fed rate cuts.

...

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