Satoshi Nakamoto&#8217;s rising wealth underscores Bitcoin&#8217;s potential to disrupt traditional wealth hierarchies and influence global financial systems. The post Bitcoin creator Satoshi Nakamoto may now be richer than Dell CEO Michael Dell appeared first on Crypto Briefing.

Bitcoin creator Satoshi Nakamoto may now be richer than Dell CEO Michael Dell

In Western Europe and North America, decentralised finance, referred to in 
common terms as DeFi, is largely seen through the lens of investment. The 
following guest post/opinion editorial was written by Kamal Youssefi, 
President of The Hashgraph Association. How Blockchain Can Replace Broken 
Financial Systems Asset managers involved in DeFi are promoting products that 
include […]

While the West Chases Memecoins and ETFs, Africa is Building Blockchain Resilience

High-risk trader James Wynn lost hundreds of millions of dollars in a matter 
of weeks by speculating on short-term price movements.

High-leverage trader James Wynn deactivates X account

A major Kenyan bank is facing a significant internal breach, with about $4 
million (KES 500 million) stolen by contractors involved in its IT 
infrastructure. Investigations indicate that USDT was central to the 
laundering process, with funds transferred to multiple offshore wallets, 
complicating recovery efforts. The Directorate of Criminal Investigations 
(DCI) has launched an investigation […]

USDT Used to Launder $4 Million in Kenyan Bank Heist, Report Says

After a near-excellent start to the month of July, Bitcoin has performed even 
more impressively over the past few days. The premier cryptocurrency, after a 
brief period of sideways momentum earlier this week, has attained a new all- 
time-high valuation at a price close to $119,000. Unsurprisingly, the Bitcoin 
market is experiencing a wave of optimism — an inference still heavily backed 
by the latest on-chain revelation. Bitcoin Market Sentiment Shifts Bullish In 
a July 11 post on social media platform X, cryptocurrency analytics firm 
Alphractal delved into the current price action of Bitcoin, offering insights 
into the cryptocurrency&#8217;s future trajectory. Related Reading: Bitcoin Soars 
Past $118,800—Breakout Or Brutal Bull Trap? The firm&#8217;s on-chain observation 
revolves around the Aggregated Liquidation Levels Heatmap (7 Days) metric, 
which visualizes price zones with high concentrations of long or short 
liquidations over a span of 7 days, and the Aggregated Liquidation Levels 
Heatmap (1 month) which does the same, except that this covers a monthly 
timeframe. After the most recent Bitcoin price rally to a new all-time high, 
all of the overleveraged bears had their market positions wiped out. Aided by 
the short squeeze, which usually follows such large liquidation events, the 
flagship cryptocurrency still retains its strong bullish momentum and 
continues to surge. According to Alphractal, the aggregation liquidation 
levels across different timeframes now show that most current leveraged 
positions are betting on the Bitcoin price. As the market continues to ascend 
the charts, investor optimism will turn more positive, which may further push 
more traders to open long positions in the BTC futures market. However, 
Alphractal warned against the inclination to be recklessly involved in the 
current bullish market. “If, for any reason, the price drops $10,000 back to 
the $107,000 zone, it could be the bulls’ turn to face massive liquidations,” 
the analytics firm said. The firm went further, explaining that a Bitcoin 
price drop of that magnitude would have a negative impact on the market 
optimism. On the bright side, Alphractal also mentioned that such an 
occurrence could offer new accumulation opportunities in the near future. 
Still on market optimism, a drop in Bitcoin&#8217;s value by $10,000 might lead to a 
phenomenon referred to as a Long squeeze, where the price of Bitcoin continues 
to plummet with increased momentum. A long squeeze typically occurs when the 
falling price of a cryptocurrency (in this case, Bitcoin) forces traders with 
long positions to sell their assets either to cut losses or to break even. 
This contributes to the already present bearish momentum and sends the BTC 
price further south. Amidst Bitcoin&#8217;s current rally, Alphractal ultimately 
advised that traders leverage wisely and with caution, as the market&#8217;s next 
action stands at an unpredictable zone. Bitcoin Price At A Glance Still 
showing signs of healthy bullish momentum, Bitcoin, as of press time, is 
valued at around $118,145. Data from CoinGecko shows that the flagship 
cryptocurrency has jumped by more than 3.34% in the last 24 hours. Related 
Reading: Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin 
Season Has Begun Featured image from iStock, chart from TradingView

Bitcoin Bulls In Cloud 9? Analyst Identifies Where Risk Lies

In a week when Bitcoin set a fresh record high, the crypto crowd reminded 
everyone it still has a strong taste for absurd and irreverent coins with zero 
utility. On Saturday, Pump.fun—a Solana-based platform that lets users create 
their own…