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
Crypto
Senator Hagerty says loving Bitcoin is in every American’s ‘DNA’ – praises Trump’s stance
He also said that Trump is the "clear" choice for Americans in the upcoming Presidential elections due to his pro-decentralization stance.
Legal
Federal Reserve ends enforcement action against Silvergate Bank after successful liquidation
The action, effective since May 2023, required the bank to liquidate and wind down its operations in a manner that protected its depositors.
Exchanges
WazirX finds no evidence of compromised devices, blames Liminal security
The exchange said the malicious transactions did not originate from WazirX servers, which points to a potential breach of Liminal's security.
Adoption
Jersey City pension fund amends regulatory documents to include Bitcoin ETF exposure
The move follows a similar decision by the Wisconsin Pension Fund, which allocated 2% of its $156 billion in assets to Bitcoin ETFs in the second quarter.
AI
OpenAI announces new SearchGPT prototype amid reports of looming financial woes
The launch announcement comes amid media reports that the firm's financial trajectory may be "unsustainable."
Memecoins
Celebrity tokens down 94% on average month after launch
Out of the 30 celebrity memecoins, the four top-performing tokens are down more than 70% from their recent all-time highs.
Regulation
Andreessen, Horowitz criticize Biden’s crypto regulations, reveal why they backed Trump
Tyler Winklevoss said the discussion is a "must-watch" and highlights "just how terrible the Biden-Harris Administration has been to the crypto industry."
Crypto
Lummis to propose Fed adopt Bitcoin as reserve asset at Nashville conference
The news comes amid rumors that Trump, who is also slated to speak at the conference, had plans to endorse Bitcoin as a strategic reserve asset.
Crypto
VanEck predicts Bitcoin could hit $2.9 million by 2050 in ‘base case scenario’
The firm's bull case projects Bitcoin could reach a staggering $52.4 million per coin by 2050.
Adoption
Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade
The bill, which was first introduced a few years ago, is expected to take effect on Sept. 1, pending final approval from the federation.
Exchanges
Bitstamp confirms receipt of Mt.Gox assets, reimbursements begin July 25
The development marks a significant milestone in a decade-long effort to reimburse those affected by the infamous 2014 hack that led to Mt. Gox's collapse.
Politics
Winklevoss skeptical of Kamala Harris’ potential pivot on Bitcoin amid rumors
Winklevoss' remarks come after reports revealed the Harris campaign was in ongoing discussions to participate in the Bitcoin2024 conference.
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