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.While 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.BlackRock's spot Bitcoin ETF is showing strong inflows, contributing to the overall positive sentiment surrounding Bitcoin.The market displays bullish indicators, yet security concerns and legal dramas still impact the industry narrative.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.Several factors suggest that we may be entering another bullish phase for the world's leading cryptocurrency.

1.Rising Open Interest and Price Action

Open interest, the total number of outstanding derivative contracts like futures and options, is climbing steadily.This increase signifies more capital flowing into the Bitcoin market, indicating a growing confidence among traders and investors.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.This potential surge is attracting attention from both retail and institutional investors.

2. 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 theBlackRock's Spot Bitcoin ETF Inflows

The performance of BlackRock's spot Bitcoin ETF (IBIT) continues to be a major driver of bullish sentiment. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.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.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. 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.When 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 Cato Institute raises concerns over Fincen's new reporting regulations, signaling a threat to financial privacy. As governments tighten their grip, couldThe 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. 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 theThis 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.The attacker exploited a vulnerability related to users who had manually set infinite approvals on specific contracts within the protocol.This meant that the attacker could drain funds from affected wallets without further user authorization. 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 $10The 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. 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.Granting infinite approvals, while convenient, can expose your funds to significant risks if the smart contract is compromised.Best practices include:

• Revoking Unnecessary Approvals: Regularly review and revoke approvals that are no longer needed. 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 EthereumTools 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. 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]This 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. 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.As DeFi continues to evolve, developers need to prioritize security and implement robust measures to protect user funds. Pakistan makes waves in the crypto world with its latest initiative to attract miners by introducing crypto-friendly electricity tariffs. This groundbreakingPotential 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. 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.His claims have been met with skepticism and derision from the crypto community, who have long argued that the evidence points against him. The cross-chain DeFi protocol Li.Fi has reported a significant security breach, resulting in the loss of approximately $11 million in cryptocurrencies.The 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 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.However, the saga highlights the importance of truth and transparency in the crypto space.It 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.This suggests that Wright may be attempting to find new ways to assert control over Bitcoin or profit from its success. - 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 SatoshiHowever, 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. 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.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. 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!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. 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. AWhile the bullish signals for Bitcoin are encouraging, it is equally important to be aware of the risks and challenges that the industry faces. 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 conceptThis 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. 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 toBy 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.We observed three bullish signals for Bitcoin – rising open interest, strong ETF inflows, and a solid support level – all pointing towards potential growth.However, 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.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.Balancing optimism with prudence, staying informed, and managing risk will be key to navigating the complexities of the evolving crypto world.As always, remember to do your own research before making any investment decisions.Will Bitcoin reach $74,000? 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 -$149,000Only time will tell, but the current signals are undoubtedly encouraging. 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.Are you ready to be part of the journey?Consider exploring different investment strategies and staying updated on the latest market news.