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
DeFi
SEC won’t judge ‘merits’ of Trump’s DeFi project, but same regulatory issues await
SEC Commissioner Mark Uyeda said World Liberty Financial will be required to meet the same disclosure and transparency standards that apply to all crypto-related firms in the US.
Adoption
Franklin Templeton, Citigroup turn to Solana for next-gen financial services
Franklin Templeton plans to launch a mutual fund natively on Solana, while Citi is exploring Solana's capabilities for smart contracts and cross-border money transfers.
Politics
Cardano founder Hoskinson warns Trump’s DeFi venture could spark political backlash
Hoskinson also expressed doubt about both presidential candidates' policies for the crypto industry, but acknowledged Trump's comparatively pro-crypto stance.
Adoption
Louisiana continues pro-crypto push with option to pay state agencies in Bitcoin, USDC
The Louisiana Department of Wildlife and Fisheries will be the first agency to accept these payments, with the possibility of expansion to other state departments in the future.
Legal
SEC seeks 4-month extension for fact discovery in Coinbase lawsuit
Both parties have agreed to the extension, allowing for a comprehensive review of hundreds of thousands of documents.
Crypto
Ethereum core devs agree to split ‘Pectra’ upgrade into multi-phase rollout
The phased approach will ensure a smoother rollout and lessen the chances of encountering bugs or disruptions in the network's daily operations.
Macro
Bitcoin holds above $60k amid heavy volatility after FOMC confirms 50bp rate cut
Fed's policy shift prompts Bitcoin volatility but price stabilizes above $60,000 on cautious market sentiment.
Crypto
KPMG calls for stronger custodial practices to boost Bitcoin adoption
Strong custodial practices are key in protecting Bitcoin holdings and boosting institutional adoption, according to the report.
Stablecoins
Revolut in advanced stages of plan to launch its own stablecoin
London's fintech leader is looking to compete with industry giants like PayPal by developing its own stablecoin.
Crypto
Bitwise CIO likens Ethereum to Microsoft, bets on underappreciated dominance despite bearish sentiment
Hougan believes that despite market doubts, Ethereum still leads in DeFi assets and institutional adoption, much like Microsoft's role in tech.
Technology
Wintermute to launch multi-chain prediction market amid election betting craze
The market, set to launch next week, will operate on several chains, including Ethereum (ETH), Base, and Arbitrum (ARB).
AI
Salesforce launches proprietary AI agents to act as virtual employees
Designed for integration with Slack and advanced language models, Agentforce promises a 40% increase in case resolution rates.
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