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
Politics
US crypto firms ramp up lobbying efforts, expenditures up 1386% over 7 years
Despite the notable increase in expenditure since 2017, crypto lobbying still accounts for less than 1% of total money spent on lobbying in the US.
Mining
Bitfarms refutes ‘misleading claims’ made by Riot Platforms in open letter
The statement comes after Riot criticized Bitfarms' plan to acquire Stronghold Digital in an open letter to shareholders on Sept. 3.
Regulation
CFTC’s $175,000 fine on Uniswap Labs sparks dissent over stifling DeFi innovation
CFTC Commissioner Summer K. Mersinger criticized the regualtor's recent enforcement action against Uniswap as a deterrent to DeFi.
Exchanges
WazirX begins second phase of fiat withdrawals early, hackers begins moving funds
WazirX allows early phased withdrawals amid $230 million hack aftermath as hacker moves $6.5 million in stolen Ether through Tornado Cash
Regulation
SEC commissioner calls for specialized forms to address digital asset complexities
Uyeda emphasized the need for specialized disclosures to ease the burden on digital asset sponsors.
Bankruptcy
FTX bankruptcy faces new hurdles as SEC flags repayment concerns
Coinbase's Paul Grewal criticized the SEC's filing for adding uncertainty to FTX's bankruptcy proposal and stablecoin use.
Politics
Ethics experts raise conflict of interest concerns over Trump family crypto project
Ethics watchdogs worry that Trump's promotion of his sons' crypto project could undermine public trust if he wins the 2024 election.
Technology
Vitalik Buterin’s ‘glue and coprocessor’ model could reshape modern computation
Vitalik Buterin's latest proposal seeks to optimize computing by separating general-purpose and specialized tasks.
AI
OpenAI mulls dropping profit restrictions ahead of $100 billion valuation push
Planned funding round could see OpenAI lifting profit caps, prompting questions on maintaining its mission.
Regulation
UK’s ambitions for crypto hub status falter amid regulatory roadblocks
Stringent FCA regulations and lengthy wait times have resulted in 186 firms withdrawing applications in three years.
Adoption
Asia leads in global crypto adoption due to progressive regulatory approach
Singapore leads global crypto adoption with robust regulations and innovative financial projects.
Legal
Salame withdraws dismissal request, clears way for Bond’s campaign finance trial
Former FTX executive Ryan Salame retracted the petition to void his guilty plea, enabling Bond to confront allegations in her own defense.
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