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
Legal
SEC pushes back against Richard Heart’s bid to dismiss $1 billion fraud case
The SEC argued Richard Heart's promotions and engagements with US investors justify jurisdiction in the billion-dollar fraud case.
Exchanges
WazirX to resume phased fiat withdrawals after $235M hack
The phased withdrawal plan will allow users to access up to 66% of their Indian rupee (INR) balances, and it will roll out in two stages.
Regulation
Worldcoin under fire in Colombia over potential data protection lapses
The SIC's investigation centers on whether the organizations breached Colombian laws governing the collection and processing of sensitive personal data.
DeFi
Trump family unveils new DeFi platform that aims to disrupt ‘big banks’
The Trump DeFi platform's Telegram group has already amassed 30,000 followers, indicating strong public interest
Regulation
India gears up for sweeping crypto regulations with new consultation paper
Sources familiar with the matter said the first step of the plan is to release a consultation paper in the coming weeks that will invite feedback from stakeholders.
Politics
Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses
The report highlighted that this amount represents almost half of all corporate contributions in this election cycle, which currently total $248 million.
Stablecoins
Emerging markets embrace stablecoins despite significant premiums
Stablecoins have become essential for financial transactions, especially in regions where local currencies remain unstable or where access to traditional US dollars remains limited.
Governance
Vitalik Buterin urges pluralistic approach to governance, moving past cypherpunk origins
Buterin called on the community to embrace a more integrated approach to governance that prioritizes collaboration and public goods.
Crime
Germany seizes $28 million in raid on unlicensed crypto ATMs
The sting was carried out on Aug. 20 and targeted 35 locations where crypto ATMs were reportedly being operated without the necessary licensing.
Governance
Curve founder’s $6.3 million funding request under fire for lacking clarity
The proposal has sparked debate within the community, with many calling for greater transparency and detailed information on how the funds will be utilized.
Market
Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k
Ethereum and Solana echoed Bitcoin's movements, with both giving up the previous day's gains within the last few hours.
Election 2024
Coinbase believes young crypto voters will be a deciding factor in the US elections
Young Americans between the age of 18 and 40 are increasingly turning to crypto amid deep dissatisfaction with the current financial system.
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