Analysis
Bitcoin’s whipsaw to $105k wipes out $7B in leveraged positions
Massive sell-off causes over $7 billion in liquidations, exposing crypto's structural weaknesses during volatile trading.
Assad Jafri Recent Articles
Adoption
Stablecoins, DeFi boost Nigeria to second in global crypto adoption rankings – Chainalysis
Nigeria's success reflects a wider trend of crypto-driven financial innovation and inclusion in Sub-Saharan Africa.
Mining
Hut 8 pays off Anchorage loan, eyes further AI expansion
Hut 8 eliminates debt obligation as Anchorage converts loan to equity, fueling high-performance computing growth.
Crypto
Ex-Chinese Deputy Finance Minister urges country to pivot anti-Bitcoin stance
China's former deputy Finance Minister Zhu Guangyao called on the government to re-evaluate its approach to Bitcoin to stay competitive with the US.
Crypto
Arthur Hayes attributes Bitcoin’s rise to global monetary policies over regulation
Hayes linked Bitcoin's growth to ongoing monetary expansion and political turmoil rather than regulatory changes.
Crypto
Japan to potentially lower capital gains tax on crypto in regulatory review
Reclassifying digital assets under the Financial Instruments and Exchange Act could significantly reduce the current 55% tax rate on crypto gains.
Stablecoins
Robinhood VP quashes stablecoin launch rumors
Kerbrat told Decrypt in an interview on Sept. 30 that Robinhood has no active plans to explore the development of a stablecoin.
Adoption
Ohio senator introduces bill to legalize Bitcoin, crypto payments for state taxes, fees
The legislation would also allow state universities and public pension funds to invest in cryptocurrencies.
Crypto
Mango DAO, Blockworks Foundation settle SEC charges for $700K, agree to delist MNGO
Mango DAO and Blockworks Foundation will pay $700,000 and cease all MNGO token activities under the pending settlement.
Adoption
Bolivian crypto transactions soar after lifting Bitcoin ban
Bolivia’s crypto regulations lead to a 141% increase in virtual asset transactions, fostering economic modernization.
Crypto
Bitcoin climbs to $66,000, marking best September performance in history
The rally comes amid market optimism driven by the Fed's rate cut, economic stimulus in China and sustained demand from institutional players in the US.
Legal
US Judge rules software code does not qualify as free speech in Tornado Cash case
Judge Failla ruled that while code can be expressive, using it to execute functions like money transmission does not fall under free speech protections.
Hacks
TruFlation offers $500K bounty to recover funds stolen in hack
The decentralized data company is offering a reward for returning the stolen funds or for identifying the hacker in a way that leads to a conviction.
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