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London’s Satoshi Nakamoto Press Conference Derails Fast

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At a London press conference on October 31, an individual named Stephen Mollah claimed to be Satoshi Nakamoto, the anonymous creator of Bitcoin. However, his lack of credible evidence frustrated the attendees. 

Held at the Frontline Club, the event quickly lost credibility as technical mishaps and unsupported statements left attendees questioning Mollah’s authenticity. PR London Live announced the conference in a press release yesterday.

A Long List of Failed Satoshi Nakamoto Claims

Among the few attendees was Joe Tidy, BBC News’ cyber correspondent, who reported the bizarre events of the conference. Admission reportedly cost $540, and the event’s structure unraveled when Mollah was unable to use his laptop due to technical issues.

Read More: Who Is Satoshi Nakamoto?

In addition to being Satoshi Nakamoto, Mollah described himself as an “economic and monetary scientist.” He referenced attempts to reveal his identity in 2016, citing an unpublished interview with BBC’s Rory Cellan-Jones.

Attendees pressed for proof, but Mollah only provided a handful of evidently fake screenshots. When asked if he would transfer Bitcoin from the Genesis block or present cryptographic verification of being Satoshi Nakamoto, Mollah promised to do so in the next few months.

satoshi nakamoto
Stephen Molla, the man claiming to be Satoshi Nakamoto. Source: Joe Tidy

“Journalists (including myself) have interrupted Mr Mollah’s long backstory and asked for him to show the promised evidence. Been here nearly an hour and people are restless and increasingly rude. Mr Mollah’s cheek is twitching rapidly as he stares down a sceptical crowd,” Joe Tidy wrote in an X (formerly Twitter) post

He also made unsubstantiated claims about developing energy recovery technology for cars and creating the television show Britain’s Got Talent

During the event, a Frontline Club representative clarified that the venue had no affiliation with the proceedings, leading at least one reporter to walk out.

Satoshi Remains Illusive

Various people have previously claimed to be Satoshi Nakamoto without verifiable proof. Craig Wright, an Australian scientist, recently lost a UK lawsuit against The Crypto Open Patent Alliance (COPA) over his own claim. 

After a month-long trial, a UK court found Wright’s evidence insufficient and ruled he was not the author of the Bitcoin whitepaper. 

Wright now faces a Worldwide Freezing Order (WFO) from the UK High Court, preventing him from moving assets until he pays £1.548 million ($1.9 million) in legal fees to crypto podcast host Peter McCormack.

Read More: What Is a Satoshi? Everything About Bitcoin’s Smallest Unit

Amid these events, HBO Max released a documentary suggesting that Peter Todd, a Canadian cryptographer involved in Bitcoin’s early days, could be Satoshi Nakamoto. 

Todd, however, denied the allegations, expressing that the attention has disrupted his life and compromised his safety. Since the documentary aired, he has received numerous messages seeking financial help and has reportedly gone into hiding.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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BANK Token Surges 150% After Binance Futures Listing

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Lorenzo Protocol’s native token, BANK, has recorded a 150% price surge within six hours of its official launch. 

The token’s rapid climb follows its listing on multiple platforms, including Binance’s Alpha Market and the launch of a BANKUSDT perpetual contract on Binance Futures with up to 50x leverage.

What is the New BANK Token on Binance Futures?

The Token Generation Event (TGE) for BANK took place today, April 18, via Binance Wallet, in partnership with PancakeSwap. Lorenzo Protocol raised $200,000 through the sale of 42 million BANK tokens—2% of the total supply—priced at $0.0048 each. 

The token is now trading on PancakeSwap, Bitget, and CoinEx. Following its debut, BANK reached a market cap of approximately $22 million.

BANK is the governance and utility token for Lorenzo Protocol, a DeFi platform focused on enhancing Bitcoin liquidity

The protocol allows users to earn yield on BTC without giving up custody. It uses financial primitives like Liquid Principal Tokens (LPTs) and Yield-Accruing Tokens (YATs). 

According to its claims, BANK holders can stake their tokens to receive veBANK, which provides governance rights and a share of future emissions.

BANK Token Price Chart After Launch. Source: CoinMarketCap

Also, Lorenzo Protocol is built on a Cosmos-based Ethermint appchain. It enables BTC restaking and interoperability with Bitcoin’s Layer 1. The design supports on-chain issuance and settlement of BTC-backed assets.

The listing of the BANK/USDT perpetual contract on Binance Futures adds further momentum to the token. Binance Futures is a derivatives platform that allows users to trade perpetual contracts with high leverage

Binance has historically preferred new tokens on the BNB chain for early futures trading. BANK’s sharp price increase and rapid market integration highlight strong early interest in Lorenzo Protocol’s approach to BTC-based DeFi infrastructure.

Currently, it’s far-fetched to project whether the exchange will list this newly launched token. However, Binance’s new community voting on token listing has offered positive hopes for small market cap projects. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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Asia’s First XRP Investment Fund is Here, Backed by Ripple

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HashKey Capital has launched the HashKey XRP Tracker Fund, the first fund in Asia focused exclusively on tracking the performance of XRP. 

The fund is now open to professional investors. Ripple is backing the initiative as an early investor.

Institutional Interest in XRP Investment Continues to Grow

According to HashKey, XRP offers a faster and more cost-effective alternative to traditional cross-border payment systems. The new tracker fund aligns with HashKey Capital’s goal of connecting conventional finance with digital asset markets.

The fund allows investors to subscribe using either cash or in-kind contributions. Investors can redeem or subscribe to shares on a monthly basis. 

CF Benchmarks, known for its role in global ETF markets, will provide the fund’s benchmark.

“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value. With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets,” said Vivien Wong, Partner at HashKey Capital.

Most recently, Ripple acquired prime brokerage platform Hidden Road for $1.25 billion. It was one of the largest acquisition deals in the crypto and blockchain space. 

Earlier today, Hidden Road secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA).

Meanwhile, XRP continues to gain traction with institutional investors. Standard Chartered recently forecast that XRP could surpass Ethereum by 2028, citing increased demand for efficient cross-border payment solutions and growing disruption in global trade.

“XRP is uniquely positioned at the heart of one of the fastest-growing uses for digital assets – facilitation of cross-border and cross-currency payments. In this way, XRPL is similar to the main use case for stablecoins such as Tether. This stablecoin use has grown 50% annually over the past two years, and we expect stablecoin transactions to increase 10x over the next four years. We think this bodes well for XRPL’s throughput growth, given the similar use cases for stablecoins and XRPL,” Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, told BeInCrypto. 

Interest in XRP ETFs is also increasing. Teucrium Investment Advisors recently received NYSE Arca approval for the Teucrium 2x Long Daily XRP ETF (XXRP), the first leveraged XRP ETF in the United States.

Also, attention is now turning to spot XRP ETFs. Grayscale and 21Shares are both awaiting decisions from the SEC on their XRP-based products. 

The SEC has up to 240 days to review the Grayscale XRP Trust and the 21Shares Core XRP Trust, with final deadlines set for October 18 and 19, 2025. 

XRP’s price has declined by nearly 20% over the past month, but institutional confidence remains high. 

Ripple recently confirmed progress in resolving its long-standing legal battle with the SEC. A joint motion to pause court proceedings was approved, giving both parties 60 more days to finalize a settlement.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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How $31 Trillion in US Bonds Could Impact Crypto Markets in 2025

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US Treasury plans to issue over $31 trillion in bonds this year—around 109% of GDP and 144% of M2. This would be the highest recorded level of bond issuance in history. How will it impact the crypto market?

Heavy supply may push yields higher, as Treasury financing needs outstrip demand. Higher yields increase the opportunity cost of holding non‑yielding assets like Bitcoin and Ethereum, potentially drawing capital away from crypto.

US Bonds Might Add to the Crypto Market’s Volatility

The whole narrative potentially boils down to foreign demand for US bonds. Overseas investors hold roughly one‑third of US debt. 

Any reduction in appetite—whether due to tariffs or portfolio rebalances—could force the Treasury to offer even steeper yields. Rising yields tend to tighten global liquidity, making risk assets like cryptocurrencies less attractive.

US bond issuance ratio
US Debt Issuance Ratio. Source: X/Binance Research

When yields climb, equities and crypto can face selling pressure. For example, during the 2022 bond sell‑off, Bitcoin fell more than 50% alongside Treasury yields spiking. A repeat scenario could test crypto’s appeal.

Meanwhile, the US dollar’s strength could compound headwinds. As yields rise, the dollar typically gains. A stronger dollar makes Bitcoin’s USD‑denominated price more expensive for overseas buyers, dampening demand.

Yet crypto offers unique attributes. In periods of extreme monetary expansion, such as post‑pandemic, investors turned to Bitcoin as an inflation hedge.

Even if higher yields curb speculative flows, crypto’s finite supply and decentralized nature may sustain a baseline of buyer interest.

Technically, Bitcoin’s correlation to yields may weaken if Treasury issuance triggers broader macro volatility. When bond markets are hit by trade or fiscal policy shocks, traders may turn to digital assets to diversify since they don’t move in step.

However, that thesis hinges on continued institutional adoption and favorable regulation.

Crypto’s liquidity profile also matters. Large bond sales often drain bank reserves—tightening funding markets. 

In theory, tighter liquidity could boost demand for DeFi protocols offering higher yields than traditional money markets. 

Overall, record US debt supply points to higher yields and a stronger dollar—volatility for crypto as a risk asset. 

Yet crypto’s inflation‑hedge narrative and evolving technical role in diversified portfolios could temper volatility. Market participants should watch foreign demand trends and liquidity conditions as key indicators for crypto’s next moves.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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