Bitcoin’s recent 30% price decline has wiped approximately $41 billion from the estimated holdings attributed to its pseudonymous creator Satoshi Nakamoto. The slump has pushed the mysterious figure below Bill Gates in hypothetical wealth rankings, though the actual ownership remains unverified. This dramatic paper loss highlights the extreme volatility inherent in concentrated crypto holdings.
about Satoshi's Bitcoin Fortune Drops $41B in Market SlumpBill Gates
0 posts last weekBill Gates Foundation Bets Big on Berkshire Hathaway in Q2
In a market characterized by elevated valuations and uncertainty, the Bill & Melinda Gates Foundation Trust made a singular, powerful statement during the second quarter: a massive addition to its position in Berkshire Hathaway. Acquiring nearly 7 million shares, the foundation elevated Warren Buffett’s conglomerate to its second-largest holding, a move that stands out not only for its size but for the profound vote of confidence it represents in Berkshire’s cash-rich strategy and its future beyond Buffett’s tenure as CEO.
about Bill Gates Foundation Bets Big on Berkshire Hathaway in Q2Satoshi Nakamoto Ranks 11th Richest as Bitcoin Soars
Satoshi Nakamoto, Bitcoin’s elusive creator, has become the 11th richest person in the world as Bitcoin’s value surged 14% in a month, pushing his estimated holdings to $130 billion. This surpasses the net worth of Bill Gates and Michael Dell, with Warren Buffett next in line. Satoshi’s wealth stems from 1.1 million BTC mined early on, though his identity remains unknown. A new concern arises as quantum computing could threaten these dormant wallets, prompting a Bitcoin Improvement Proposal to safeguard against potential hacks. Experts warn that without protection, up to 25% of Bitcoin’s supply could be at risk, potentially destabilizing the market.
about Satoshi Nakamoto Ranks 11th Richest as Bitcoin SoarsParaguay Denies Bitcoin Reserve Announcement as Hack
The Paraguayan government quickly refuted a tweet from President Santiago Peña’s X account announcing Bitcoin as legal tender and a $5 million reserve, labeling it a hack. The post included a Bitcoin address, likely part of a scam to lure investors. This incident follows a pattern of high-profile account hacks promoting crypto scams, including past breaches involving Indian Supreme Court’s YouTube and X accounts of celebrities like Elon Musk. While Paraguay is Bitcoin-friendly with crypto mining operations, only El Salvador in the region has adopted Bitcoin as legal tender, despite IMF objections.
about Paraguay Denies Bitcoin Reserve Announcement as HackSouth Korea Forms Digital Asset Committee to Revamp Crypto Rules
South Korea’s Democratic Party has formed the Digital Asset Committee to tackle crypto regulatory challenges and support sector growth. The committee, chaired by National Assembly Speaker Min Byeong-deok, held its inaugural meeting to discuss the restrictive ‘one exchange, one bank’ policy, which limits exchanges to a single banking partner. The committee is exploring alternatives to this policy and debating stablecoin oversight, including whether it should fall under the Bank of Korea or the Financial Services Commission. The move follows presidential candidate Kim Moon-soo’s endorsement of spot crypto ETFs.
about South Korea Forms Digital Asset Committee to Revamp Crypto RulesHackers Hijack UK Politician’s X Account to Push Fake Crypto
Cybercriminals hijacked British politician Lucy Powell’s verified X account to promote a fake cryptocurrency, ‘House of Commons Coin (HCC),’ falsely claiming it was a community-driven digital asset. The breach, swiftly addressed by Powell’s office, underscores a rising pattern of hackers leveraging trusted public figures to legitimize scam tokens. Similar incidents have occurred globally, including in Argentina and the Philippines, where politicians’ accounts were compromised to push dubious crypto projects. These attacks exploit the credibility of officials to manipulate investors, often leading to financial losses. The trend echoes past high-profile breaches, such as the 2020 Twitter hack involving Barack Obama and Elon Musk, where fraudulent Bitcoin doubling schemes were promoted.
about Hackers Hijack UK Politician's X Account to Push Fake CryptoStocks Mixed as Nvidia Falls and Tariff News Emerges
Major U.S. stock indexes showed mixed results as investors reacted to Nvidia’s earnings report and President Trump’s tariff announcements. The Dow Jones rose 0.7%, while the S&P 500 remained flat and the Nasdaq fell 0.7%. Nvidia shares dropped 4% despite strong revenue growth, and other tech stocks also faced declines, with Salesforce down 2.5% after disappointing results. Meanwhile, Bitcoin rose to $85,500, and gold futures fell 1.5%.
about Stocks Mixed as Nvidia Falls and Tariff News EmergesUS Stocks Rise as Investors Await Apple Earnings and Digest Tech Reports
US stocks rose on Thursday, with the Nasdaq and S&P 500 gaining 0.3% as investors awaited Apple’s earnings report. The Dow Jones Industrial Average steadied after a previous decline. Following the Federal Reserve’s decision to maintain interest rates, attention turned to earnings from major tech firms, with mixed results from Microsoft, Meta, and Tesla influencing market sentiment. The Bureau of Economic Analysis reported a 2.3% growth in fourth-quarter GDP, slightly below expectations. Meanwhile, a tragic midair collision involving an American Airlines jet and a US army helicopter captured headlines.
about US Stocks Rise as Investors Await Apple Earnings and Digest Tech ReportsUS Stock Futures Rise as Big Tech Earnings Awaited
US stock futures rose on Thursday as investors reacted to earnings from major tech companies, with the Nasdaq 100 up 0.5% and S&P 500 futures gaining 0.3%. The Dow remained stable following a previous decline. Attention is now on Apple’s upcoming earnings report, while economic data, including GDP and jobless claims, is also anticipated.
about US Stock Futures Rise as Big Tech Earnings AwaitedKey Market Insights Ahead of Federal Reserve Meeting and Earnings Reports
Investors are awaiting the Federal Reserve’s decision on interest rates, expected to remain unchanged at 4.25%-4.50%. U.S. stock futures are stable after a rebound, while members of the “Magnificent Seven,” including Tesla, Microsoft, and Meta, are set to report earnings today. ASML Holding’s shares surged nearly 6% following strong net bookings, significantly exceeding analyst expectations.
about Key Market Insights Ahead of Federal Reserve Meeting and Earnings ReportsTech Billionaires Lose Billions Amid Nvidia Stock Market Plunge
Tech billionaires collectively lost nearly $100 billion in a stock market selloff triggered by DeepSeek’s challenge to US AI dominance, which led to Nvidia’s historic $600 billion market value drop. Jensen Huang’s net worth fell by $20.7 billion, pushing him from 10th to 17th in global wealth rankings, while Larry Ellison lost $27.6 billion, dropping to fifth place. Analysts suggest the selloff may be an overreaction, emphasizing ongoing demand for advanced AI hardware despite the panic surrounding DeepSeek’s developments.
about Tech Billionaires Lose Billions Amid Nvidia Stock Market Plunge