'Sometimes He Was Wrong': Adam Back on Bitcoin Creator Satoshi; Ripple in White House Regardless of Clarity Act; Coinbase CEO Drops AI Prediction: Crypto to Power Agents Economy — Morning Crypto Report
TL;DRBlockstream CEO Adam Back said Bitcoin creator Satoshi Nakamoto was often wrong in early technical calls, rejecting theories that Nakamoto planned unlimited block-size growth.The White House holds a closed-door crypto meeting on Aug. 19 with SEC Chair Paul Atkins, CFTC Chair Mike Selig, and executives from Ripple, Coinbase, Gemini, Polymarket, Nasdaq, NYSE, CME and DTCC, bypassing the stalled CLARITY Act.Coinbase CEO Brian Armstrong predicted AI agents will outnumber human wallet holders, pointing to the x402 payment protocol and USDC on Base, which have already processed over $100 million.Bitcoin fell below its 200-week moving average, trading between $62,000 and $65,000, as U.S. spot ETFs saw $389.7 million in net outflows during Aug. 10–14 — the largest weekly withdrawal since early July.Strategy raised $334 million via an MSTR stock sale to defend its 840,447 BTC holdings, while BitMine extended its ETH accumulation streak to 59 consecutive weeks. Adam Back reminds crypto community of Satoshis mistakes Blockstream CEO Adam Back delivered a harsh reality check to supporters of the theory about Satoshi Nakamotos “true plan.” Commenting on a new podcast by Robin Linus — which claimed that Satoshi intended to increase block sizes indefinitely in accordance with Moores Law to push BTC to $1 million —