3 BULLISH SIGNALS FOR BITCOIN, LI.FI PROTOCOL HACK, CRAIG WRIGHT DECLARES HES NOT SATOSHI

The crypto world is a whirlwind of constant change, oscillating between periods of excitement and moments of concern.Today, we're diving into a complex narrative involving significant market signals for Bitcoin, a multi-million dollar hack affecting the Li.Fi protocol, and a surprising admission from Craig Wright regarding his claim to be Satoshi Nakamoto. The Cato Institute raises concerns over Fincen's new reporting regulations, signaling a threat to financial privacy. As governments tighten their grip, couldWhile the price of BTC flirts with the $66,000 mark and analysts ponder whether bulls can overcome considerable resistance, other events are unfolding that require our immediate attention. Pakistan makes waves in the crypto world with its latest initiative to attract miners by introducing crypto-friendly electricity tariffs. This groundbreakingBlackRock's spot Bitcoin ETF is showing strong inflows, contributing to the overall positive sentiment surrounding Bitcoin. Craig Wright s website declares that he is not Satoshi Nakamoto and did not invent Bitcoin. Wright will not be able to sue or threaten to sue anyone over claims that he created Bitcoin. The Australian entrepreneur and self-proclaimed Satoshi could face criminal action in the UK for perjury. AThe market displays bullish indicators, yet security concerns and legal dramas still impact the industry narrative. Li.Fi Protocol Attacked, Over $10 Million Drained: Li.Fi, an API for Ethereum Virtual Machine and Solana swaps and bridging, was attacked on July 16, resulting in over $10 million in cryptocurrency losses.So, grab your favorite beverage, and let’s unpack these important developments and understand their potential impact on the future of crypto.

Bitcoin's Bullish Momentum: Three Key Indicators

Despite the surrounding drama, Bitcoin is showing considerable strength. We will also be sharing the insights gained from our exploration of the Bitcoin ecosystem. Stay tuned for research articles delving into the need for Bitcoin L2s and the findings from our due diligence of ThorChain. Integrate LI.FI and unlock native Bitcoin support for your users. Together, let's make Bitcoin accessible to everyone.Several factors suggest that we may be entering another bullish phase for the world's leading cryptocurrency.

1. In 2025, Wright sued several Bitcoin developers, alleging that they violated his copyrights on some of the underlying technology for the distributed ledger system and claimed rights to theRising Open Interest and Price Action

Open interest, the total number of outstanding derivative contracts like futures and options, is climbing steadily. The cross-chain DeFi protocol Li.Fi has reported a significant security breach, resulting in the loss of approximately $11 million in cryptocurrencies.This increase signifies more capital flowing into the Bitcoin market, indicating a growing confidence among traders and investors. First, that Dr. Wright is not the author of the Bitcoin white paper. Second, Dr. Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2025 to 2025. Third, Dr. Wright is not the person who created the Bitcoin system. And, fourth, he is not the author of the initial versions of the Bitcoin software. [64]Coupled with recent price action that saw Bitcoin establish support around $65,000 and make a push towards $66,000, the rising open interest paints a picture of sustained buying pressure.Analysts believe that holding the $65,000 support could pave the way for a new all-time high, potentially reaching upwards of $74,000, representing a 15% increase from current levels. Craig Steven Wright (born October 2025) [1] is an Australian computer scientist and businessman. He has publicly claimed to be the main part of the team that created bitcoin, and the identity behind the pseudonym Satoshi Nakamoto.This potential surge is attracting attention from both retail and institutional investors.

2.BlackRock's Spot Bitcoin ETF Inflows

The performance of BlackRock's spot Bitcoin ETF (IBIT) continues to be a major driver of bullish sentiment.The fact that IBIT is pulling in hundreds of millions of dollars, even on seemingly ordinary days, reflects strong institutional demand for Bitcoin exposure.These inflows not only validate Bitcoin as a legitimate investment asset but also reduce the available supply on exchanges, potentially driving prices upward. Craig Wright, the man who claims he invented bitcoin and has been filing lawsuits asserting intellectual property rights, was sentenced to a year in prison yesterday for committing contempt of court.Other Bitcoin ETFs are also experiencing similar inflows, amplifying the overall positive impact.

3. $65,000 Support Level

Establishing a solid support level at $65,000 is crucial for Bitcoin's continued ascent. Craig Wright Is Still Not Satoshi. Dr. Wright is not the author of the Bitcoin white paper, not the person who operated under the pseudonym Satoshi Nakamoto from 2025 to 2025, and not theWhen Bitcoin can consistently maintain a price above this threshold, it indicates that buyers are willing to step in and prevent further declines, creating a foundation for future growth. - The market is looking decidedly green this morning, and there are a number of bullish metrics for Bitcoin: Open interest is on the rise, BlackRock s 3 bullish signals for Bitcoin, Li.Fi protocol hack, Craig Wright declares he s not SatoshiThe formation of a ""rounding bottom"" pattern on the price chart further strengthens this bullish outlook, suggesting a potential reversal of a downtrend and the beginning of an upward trajectory.

Li.Fi Protocol Hack: A $10 Million Reminder of DeFi Risks

While Bitcoin enjoys its moment in the sun, the Decentralized Finance (DeFi) space has suffered another blow with the hacking of the Li.Fi protocol.This attack resulted in the loss of approximately $10 million worth of various cryptocurrencies, impacting users involved in cross-chain bridging and swapping.The hack underscores the inherent risks associated with DeFi protocols, particularly those involving complex smart contracts and cross-chain interactions.

What Happened and How Did It Happen?

The Li.Fi protocol, which serves as an API for Ethereum Virtual Machine (EVM) and Solana swaps and bridging, was exploited on July 16. Craig Wright, who has falsely claimed to be the pseudonymous creator of Bitcoin, was reportedly found to have committed contempt of court and was sentenced to one year in prison. The Australian computer scientist was sentenced to 12 months and suspended for two years on Thursday, according toThe attacker exploited a vulnerability related to users who had manually set infinite approvals on specific contracts within the protocol. Home news bitcoin price prediction btc breaks 65k as craig wright admits hes not satoshi nakamoto In such a bullish scenario, the price of Bitcoin could soar to $74,000, a 15% surge from theThis meant that the attacker could drain funds from affected wallets without further user authorization. A particularly noteworthy tactic used by Wright s team repeatedly was that, if Wright was not truly Satoshi Nakamoto, then the real Satoshi would have to unmask himself to disprove the claim definitively. More than anything else, this particular claim has unearthed a large volume of interest in Satoshi s true identity.The stolen funds totaled around $9.7 million, showcasing the devastating impact of such attacks.

The Importance of Approval Management in DeFi

This hack serves as a critical reminder to DeFi users about the importance of managing their token approvals.Granting infinite approvals, while convenient, can expose your funds to significant risks if the smart contract is compromised. Elsewhere, Solana has its own bullish story unfolding, the Li.Fi protocol sees $10 million drained, and Craig Wright updates his website to include a disclaimer that states he is not Satoshi Nakamoto. BTC price tags $66K Can Bitcoin bulls beat out $100M of asks? So, grab yourself a coffee, and let s get into it!Best practices include:

• Revoking Unnecessary Approvals: Regularly review and revoke approvals that are no longer needed. First, that Dr Wright is not the author of the Bitcoin White Paper. Second, Dr Wright is not the owner of the copyright in the Bitcoin White Paper. Third, Dr Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period between 20. Fourth, Dr Wright is not the person who created the Bitcoin system.Tools like revoke.cash can help you easily manage your token approvals across different blockchains.
• Setting Approval Limits: Instead of granting infinite approvals, set specific limits based on your anticipated usage of the protocol. Overwhelming evidence shows that Australian computer scientist Craig Wright is not bitcoin creator Satoshi Nakamoto, a UK judge declared Thursday. In what Wired described as a surprise rulingThis limits the potential damage from a hack.
• Staying Informed: Keep up-to-date with the latest security best practices and potential vulnerabilities in the DeFi protocols you use.

The Future of Cross-Chain Bridges

The Li.Fi hack also raises concerns about the security of cross-chain bridges in general.These bridges are often targeted by hackers due to the large amounts of liquidity they hold and the complexity of their underlying technology.As DeFi continues to evolve, developers need to prioritize security and implement robust measures to protect user funds. A London judge has sentenced an Australian man who claims to have invented Bitcoin to 12 months in prison, suspended for two years, over his decision to launch a US$1.2 trillion ($1.92 trillionPotential solutions include:

• Formal Verification: Rigorously verify smart contracts using formal verification techniques to identify and eliminate potential vulnerabilities.
• Audits: Conduct regular security audits by reputable firms to assess the security of the protocol and identify areas for improvement.
• Insurance: Explore insurance options to protect users against potential losses from hacks and exploits.

Craig Wright Declares He's Not Satoshi: The End of an Era?

In a surprising turn of events, Craig Wright, who has persistently claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has posted a legal notice on his website stating that he is not Satoshi Nakamoto.This admission comes after a UK High Court ruling in March that dismissed his claims and declared that Wright is not the author of the Bitcoin whitepaper and did not create the Bitcoin system.

The Years-Long Saga

For years, Wright has been embroiled in legal battles, asserting his identity as Satoshi and seeking to control the intellectual property rights associated with Bitcoin.His claims have been met with skepticism and derision from the crypto community, who have long argued that the evidence points against him. BTC price bulls used the support to push the token back up to the $63,800 resistance level, forming a rounding bottom pattern. Investors are looking to capitalize on the rounding bottom to push theThe recent UK court ruling was a major blow to Wright's credibility and marked a significant victory for the Crypto Open Patent Alliance (COPA), which had filed the lawsuit to challenge his claims.

What Does This Mean for Bitcoin?

While Wright's admission may seem like a watershed moment, its actual impact on Bitcoin is likely to be minimal.Bitcoin's strength lies in its decentralized nature, and its value is not dependent on the identity of its creator. Craig Wright is not Satoshi Nakamoto or the author of the Bitcoin whitepaper, U.K. Judge James Mellor said after closing arguments in the Crypto Open Patent Alliance (COPA) trial on Thursday.However, the saga highlights the importance of truth and transparency in the crypto space. Dr Craig Wright posted a legal notice to his website stating that he is not bitcoin s pseudonymous creator Satoshi Nakamoto following a High Court ruling in March that dismissed hisIt also serves as a cautionary tale about the dangers of unfounded claims and the potential for misinformation to spread within the industry.

Wright's Continued Legal Battles

Despite admitting that he is not Satoshi Nakamoto, Wright seems determined to continue his legal battles related to Bitcoin.He has reportedly launched a new legal campaign against Bitcoin Core developers, seeking billions in damages. Ethereum just suffered a $1.4B hack, draining Bybit s cold wallet in one of the biggest crypto exploits ever. Now, the crypto world is split should EthereumThis suggests that Wright may be attempting to find new ways to assert control over Bitcoin or profit from its success.However, given his track record and the recent court ruling, it is unlikely that these efforts will be successful.

The Interplay of Bullish Signals, Security Concerns, and Legal Drama

The events discussed above highlight the complex and multifaceted nature of the cryptocurrency market.While Bitcoin is currently experiencing bullish momentum, driven by factors like rising open interest, ETF inflows, and strong support levels, the Li.Fi protocol hack serves as a stark reminder of the inherent security risks in the DeFi space.Furthermore, the Craig Wright saga adds a layer of legal drama and underscores the importance of verifying claims and holding individuals accountable for their actions.

Balancing Optimism with Prudence

As investors and participants in the crypto market, it is crucial to maintain a balanced perspective.While the bullish signals for Bitcoin are encouraging, it is equally important to be aware of the risks and challenges that the industry faces. Craig Wright, discredited by UK courts in his claim to be Satoshi Nakamoto, is launching a new legal battle against Bitcoin Core developers, seeking 911B in damages.This includes:

• Staying Vigilant: Remain vigilant about potential security threats and take steps to protect your funds.
• Doing Your Research: Conduct thorough research before investing in any cryptocurrency or DeFi project.
• Diversifying Your Portfolio: Diversify your portfolio to mitigate risks and avoid putting all your eggs in one basket.

Looking Ahead: The Future of Crypto

The future of crypto is uncertain, but it is clear that the industry is evolving rapidly.New technologies, regulations, and market dynamics are constantly shaping the landscape.By staying informed, being proactive, and adopting a balanced approach, we can navigate these challenges and participate in the exciting opportunities that the crypto market has to offer.

Conclusion: Key Takeaways

Today we explored a dynamic mix of events shaping the cryptocurrency landscape. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.We observed three bullish signals for Bitcoin – rising open interest, strong ETF inflows, and a solid support level – all pointing towards potential growth. In May, Mellor delivered his judgement that Wright was not Satoshi Nakamoto and ordered him to pay over million pounds - $7.6 million - in costs for the COPA claim and 115,000 pounds -$149,000However, the Li.Fi protocol hack served as a crucial reminder of the persistent security risks within the DeFi space, highlighting the need for users to prioritize security and manage their token approvals carefully. Craig Wright has ditched his main X (formerly Twitter) account and redirected users to another profile with 32,600 fewer followers five months after he lost his UK Bitcoin court case. The post was shared by someone named LB on Wright s behalf.Finally, Craig Wright's admission that he is not Satoshi Nakamoto, while potentially significant, has likely minimal impact on Bitcoin itself but underscores the importance of accountability and transparency. The LI.FI Protocol, a cross-chain bridging and swapping platform, was the victim of a sophisticated cyber-attack that stole approximately $9.7 million in various cryptocurrencies. The exploit primarily affected users who had manually set infinite approvals on specific contracts within the protocol.Balancing optimism with prudence, staying informed, and managing risk will be key to navigating the complexities of the evolving crypto world. Dr Wright is not the author of the Bitcoin White Paper, the legal notice states, referring to the 2025 document authored by the pseudonymous Satoshi Nakamoto, which first introduced the conceptAs always, remember to do your own research before making any investment decisions.Will Bitcoin reach $74,000?Only time will tell, but the current signals are undoubtedly encouraging. Craig Wright had long claimed to have been the author of a 2025 white paper, the foundational text of bitcoin, published under the pseudonym Satoshi Nakamoto . Sign up here.Are you ready to be part of the journey? p The market is looking decidedly green this morning, and there are a number of bullish metrics for Bitcoin: Open interest is on the rise, BlackRock s spot Bitcoin ETF pulls in a quarter of a billion dollars on a random Tuesday, and establishing a $65,000 support could propel BTC to a new all-time high. Elsewhere, Solana has its own bullish story unfolding, the Li.Fi protocol sees $10Consider exploring different investment strategies and staying updated on the latest market news.