Another Satoshi documentary drops tomorrow. This time it's "Finding Satoshi," a four-year investigation led by journalist William D. Cohan and private investigator Tyler Maroney, featuring interviews with Michael Saylor, Fred Ehrsam, Joseph Lubin, and Brian Brooks. It claims to name the real creator of Bitcoin. It joins a crowded field. The NYT's Carreyrou says Adam Back with 99% confidence. HBO pointed to Peter Todd. Armstrong has previously leaned toward Hal Finney but now says this film got it right. They can't all be right, and that's fine. Whoever Satoshi is holds over a million Bitcoin, roughly $80 billion, and has never moved a single coin. Seventeen years of complete silence. No interviews. No corrections. No claiming credit. That absence isn't a mystery to be solved. It's the design. Bitcoin has no CEO to subpoena, no founder to pressure, no figurehead to discredit. Every other monetary system on Earth depends on the credibility of its leadership. Bitcoin is the only one that doesn't. Satoshi's disappearance is what makes it work. The search for Satoshi makes for good television. But the entire point of Bitcoin is that it doesn't matter who built it.

New York Attorney General Letitia James just sued Coinbase and Gemini, alleging their prediction markets are illegal gambling operations running without a New York State Gaming Commission license. The lawsuits lay out specific bets offered on both platforms. Coinbase let users wager on Knicks point spreads, the Super Bowl, and college basketball games. Gemini offered Mets run lines, Super Bowl contracts, and college matchups. Under New York law, betting on outcomes outside the bettor's control fits the legal definition of gambling, and both platforms allowed users as young as 18 while New York's legal gambling age is 21. James is seeking forfeiture of illegal profits, consumer restitution, and fines equal to three times the companies' earnings from prediction markets in the state. Coinbase CLO Paul Grewal responded immediately, arguing that prediction markets are federally regulated national exchanges registered with the CFTC and that this exact issue is already being litigated in federal court. Coinbase's position is that federal law preempts state gambling regulations. Notably, Kalshi and Polymarket were not named in today's lawsuits. The core question is whether prediction markets are financial instruments under federal jurisdiction or gambling operations under state law. The CFTC says they're regulated exchanges. New York says they're unlicensed casinos. That distinction will likely be decided in court, and the outcome will determine the regulatory framework for every prediction market operating in the United States.

China's Xi Jinping calls Saudi Crown Prince Mohammed bin Salman, urging the Strait of Hormuz remain open for normal maritime traffic amid the Iran crisis.

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"It's not the same Bitcoin." Anchorage says the well-capitalized firms are part of the community now, and they're not waiting around. BlackRock, Coinbase, and the major custodians are already planning for a quantum upgrade.

Trump's Fed Chair nominee Kevin Warsh testifies that the Federal Reserve does not have the legal authority to issue a CBDC.

Coinbase Exec on the quantum roadmap. "A lot of these institutions have time frames of 3 years, 5 years, ten years. This is not something that they wanna hear down the line like there's gonna be a problem. They want a timeline now to start tackling this issue."

Arbitrum just froze $90 million in ETH and proved DeFi is decentralization theater. The Security Council took emergency action to freeze 30,766 ETH connected to the KelpDAO exploit. A multisig of insiders unilaterally reversed a transaction on what claims to be a "decentralized" Layer 2. They acted "with input from law enforcement." The funds were moved to an intermediary frozen wallet that can only be unlocked "by further action by Arbitrum governance." This is what a bank does when it freezes a suspicious account. The difference is that banks don't pretend to be decentralized. The exploit itself exposed the absurd complexity DeFi has become. People staked ETH through Lido, restaked through Eigenlayer via KelpDAO, leveraged looped in Aave, and relied on a cross-chain bridge called LayerZero that got hacked by North Koreans. The result: rsETH became undercollateralized, looping positions froze, and $13 billion evaporated from DeFi in two days. 0xSweep nailed the mechanics. You deposit $100 into a protocol, borrow $80 against it, redeposit, borrow $60 against that, redeploy. Suddenly $100 real capital becomes $285 reported TVL through circular borrowing. "TVL became FDV in a different format." DeFi didn't fail. It worked exactly as designed. Defenders are calling this a "validity violation" not a "decentralization violation." Semantic nonsense. If 12 people can get in a room, freeze a supposedly self-custodial wallet, and move funds out of it with input from law enforcement, your system is not decentralized. Full stop. Bitcoin doesn't need a Security Council to freeze funds because Bitcoin doesn't have single points of failure. No multisig committee can rewrite the ledger. No governance vote can reverse a transaction. That's not a limitation. That's the whole point. Bitcoin is the only distributed sound money in the digital age. Everything else is complexity built to extract value from greater fools.

Sen. Cynthia Lummis: "Can you tell us a little bit about your conversations with President Trump regarding interest rates?" Fed chair nominee Kevin Warsh: "I never said to the President where I think rates should be. I wouldn't have even thought of doing so."

"The government should not have access to Americans’ private conversations or data without a warrant." Sen. Rand Paul discusses his FISA reform amendment.

Sen. Cynthia Lummis: "Do you believe that digital assets should be incorporated into our financial industry so Americans have new investment opportunities?" Kevin Warsh: "Digital assets are already part of the fabric of our financial services industry in United States."

Kevin Warsh tells Senate panel the economy's "broad contours" and potential are improving.

Fed Chair nominee Kevin Warsh: "There's no question" rising gas prices are hurting Americans.

Sen. John Kennedy: "Have you agreed with the President that you're going to lower interest rates?" Fed chair nominee Kevin Warsh: "The President never asked me to commit on any interest rate decision in any of our discussions nor would I ever agree to do so."

Kevin Warsh: AI has brought about “the most disruptive moment in modern economic history in the US and the world.”

Kevin Warsh: "I owe my best judgment, and my most faithful efforts in serving the mission that you in Congress assigned to [the Fed], including full employment and stable prices." "The American people are counting on the Fed to deliver on its commitments, perhaps now more than ever."

Sen. Cortez Masto to Kevin Warsh: "In 2007, you said 'subprime mortgages have gotten a bad name.' You said you have no regrets. How can we trust that you're accurate now when you were wrong then?"

Sen. Warren: "You have $100 million in undisclosed assets. Are you refusing to tell us if you have investments in vehicles set up to advance Jeffrey Epstein?" Fed Chair Nominee Kevin Warsh: "Those assets will be sold, if I'm confirmed, before I take office."

Execs from Coinbase, BlackRock, Tephra Digital, and Anchorage Digital discuss quantum risks to Bitcoin at (OPNEXT2026).

Sen. Warren on Fed Chair nominee Kevin Warsh: "Evidently, he learned his lesson. This time around he sucked up to Donald Trump to snag his dream job." "The Senate should not be aiding and abetting Donald Trump's illegal takeover of the Fed by installing his chosen sock puppet."