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
Polymarket bets speculating on Trump vs. Harris hit record $445 million
Data from Dune Analytics shows that Polymarket's cumulative bet volume reached $1.03 billion in July, up from $672.94 million in June.
Legal
SEC charges BitClout/Decentralized Social founder with civil securities, wire fraud
Al-Naji is accused of orchestrating a fraudulent scheme involving the unregistered offering and sale of crypto asset securities, amassing over $257 million from investors under false pretenses.
Politics
Bernstein says Kamala Harris’ pivot on crypto unlikely to sway voters
Her recent engagements are seen as reactive rather than proactive, lacking the timely and significant policy changes needed to win over the industry.
Crypto
Goldman Sachs CEO says Bitcoin can potentially serve as store of value akin to gold
Soloman's comments come amid increasing debate around Bitcoin's potential to serve as a reserve asset and store of value for individuals, companies, and even nations.
Crypto
WisdomTree CEO believes regulatory clarity under Trump will make Bitcoin ‘mainstream’
Steinberg believes that regulatory clarity, the emergence of publicly traded crypto funds, and the tokenization of real-world assets (RWAs) will push crypto into the mainstream.
Crypto
Solana overtakes Ethereum in weekly fee revenue for the first time
The network also recorded $5.5 million in transaction fee revenue on July 28, the highest in three months.
Crypto
Bitcoin dips to $66K as US moves $2 billion in seized BTC to unidentified wallets
The unexpected move has triggered concerns among investors about a potential sell-off.
Adoption
Justin Sun calls for China’s to shift anti-crypto stance amid Trump’s pro-Bitcoin agenda
Sun said that a competitive approach between China and the US in Bitcoin policy would benefit the entire industry.
Regulation
Lummis introduces legislation to establish 1 million Bitcoin strategic reserve for the US
The initiative would begin by moving the 210,000 Bitcoin the US government currently holds into a Treasury-managed reserve.
Election 2024
Trump vows to make America the superpower of Bitcoin, fire Gensler on Day 1
He emphasized the importance of crypto in geopolitics and promised to make the US a leader in adoption.
Crypto
RFK Jr. vows to make Bitcoin strategic reserve asset, calls it corruption’s ‘greatest foe’
If elected, Kennedy intends to direct the Treasury to purchase 550 BTC daily until the US amasses a reserve of 4 million Bitcoin.
Crypto
MicroStrategy’s Saylor says first country to buy Bitcoin by issuing currency ‘wins’
Saylor said Bitcoin could help solve half the world's economic problems, especially for indebted countries struggling with rising debt.
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