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
Crypto
SEC chair Gensler reaffirms Bitcoin’s commodity status, criticizes industry’s disregard of rules
SEC Chair Gary Gensler reaffirms Bitcoin's non-security status while criticizing industry non-compliance amid SEC scrutiny.
Adoption
Morocco turns to AI, blockchain to achieve ‘digital hub’ goal by 2030
The Digital Morocco 2030 was announced on Sept. 25 and launched with a $1.1 billion budget.
Adoption
UAE introduces strict crypto marketing guidelines to curb risks
The new rules, effective Oct. 1, will require companies to provide clear warnings about the risks associated with digital currencies.
Legal
Do Kwon’s extradition mired in controversy after Montenegro’s ex-Justice Minister alleges corruption
Former Justice Minister Andrej Milović called on the US to pressure Montenegro's Prime Minister to ensure a comprehensive investigation of Terra's collapse.
Hacks
Ether.fi foils domain hijack attempt, credits enhanced security measures
Early detection and swift action by Ether.fi and Gandi.net mitigated any potential damage from the domain breach attempt.
Crime
Hacker nearly completes laundering $230 million stolen from WazirX
Based on Arkham Intelligence data, the hacker has just $6 million worth of Ethereum left to launder.
Crypto
TradFi giant BNY Mellon secures regulatory exemption for crypto ETF custody services
The development positions BNY Mellon to challenge Coinbase's current dominance in crypto asset management.
Legal
Caroline Ellison sentenced to 24 months in prison for her role in FTX collapse
The sentence comes despite Ellison's request for no prison time on the basis of her cooperation with authorities.
Stablecoins
Lawmakers call for stablecoin regulation, criticize SEC’s enforcement approach
Commissioner Hester Peirce testified during the hearing and stated that the agency can provide clarity but failed to do so.
Legal
Telegram to share IP addresses, phone numbers with authorities after policy shift
Telegram's new policy aims to address criticism from authorities over unresponsiveness in criminal cases.
Crypto
China persists as Bitcoin mining giant despite crypto ban – CryptoQuant
Despite a ban on crypto, China holds 55% of Bitcoin hashrate, with US mining pools coming in second with a 40% share.
Mining
Bitfarms and Riot resolve disputes, expand board ahead of key meeting
Under the settlement, Riot will back expansion of Bitfarms' board and commit to a standstill agreement through 2026.
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