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
Crypto adoption jumps 6.4% in H1’24 on the back of Bitcoin, Ethereum milestones
The number of owners rose 6.4% to 617 million by June from 580 million at the end of 2023.
Crypto
Bitcoin stolen in $238 million breach fails to get privacy shield, returned to original address
The breach, one of the largest in recent memory, was first reported by on-chain sleuth ZachXBT on Aug. 19.
Crypto
Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases
The defense argued that sentence is disproportionately high due to the "cumulative effect" of various enhancements that punish different aspects of the same conduct.
Crypto
Franklin Templeton files S-1 application for crypto index ETF offering BTC, ETH exposure
The proposed fund — dubbed "Franklin Crypto Index ETF" — aims to offer investors exposure to the performance of Bitcoin and Ethereum for now.
Adoption
Dubai approves crypto salaries in landmark court ruling
The decision contrasts sharply with a similar case in 2023, in which the same court dismissed a claim involving EcoWatt tokens.
Crypto
Trump’s transition team signals strong pro-Bitcoin direction, contrasting Harris’ regulatory approach
Trump's team is expected to play a pivotal role in shaping the policies of a potential second term, particularly those related to digital assets and blockchain technology.
Crypto
Bitcoin holds $56k support amid heightened volatility as options expiry looms
The $56,000 support has become a focal point for traders, as more than $1.4 billion in Bitcoin options are set to expire at 8:00 A.M. UTC.
Politics
Republicans criticize Fairshake PAC for backing Democrat candidates with anti-crypto history
The endorsements come as a shock to many Republicans, who had increasingly viewed the crypto sector as a natural partner in their push for innovation and economic growth.
Crime
ZachXBT exposes North Korean agents infiltrating crypto projects to conduct thefts
The latest theft occurred after the developers, hired under fake identities, pushed malicious code that facilitated the transfer of funds.
Exchanges
Binance ends Brazil dispute with $1.76 million settlement over derivatives
The settlement marks the end of a year-long investigation into Binance's activities in the country.
Election 2024
Circle CEO says Harris campaign committed to understanding crypto policy
Allaire shared that Harris' presidential campaign is actively engaging with the crypto industry in a "concerted effort" to deepen its understanding.
Election 2024
Ramaswamy predicts Harris will pivot on crypto but maintain left-leaning economic policies
Ramaswamy believes that as the election draws nearer, Harris might feel compelled to align herself with the growing number of Americans who are supportive of digital assets
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