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
AI
US lawmakers demand clarity on OpenAI safety practices in joint letter
The letter set an Aug. 13 deadline for the firm to provide a comprehensive response addressing the various concerns raised in it.
Mining
Lummis slams Biden’s ‘disastrous proposal’ to tax Bitcoin miners in ‘orange paper’
Lummis urged policymakers, industry stakeholders, and the public to engage in a constructive dialogue about the future of Bitcoin mining.
Election 2024
Polymarket odds heavily favor Trump amid dominant lead in swing states
As of July 23, Trump has a 64% chance of winning the presidency, compared to Harris's 34%.
Crypto
Ethereum ETFs soar with $361 million volume in first 90 minutes
The ETFs have far surpassed the typical volume for new ETF launches, which often struggle to exceed $1 million on their first day.
Politics
Digital Chamber calls on Kamala Harris to embrace pro-crypto policies amid Presidential nomination
The organization urged Harris to amend the growing public perception that the Democrat Party is anti-crypto.
Crypto
SEC issues final approval for spot Ethereum ETFs to begin trading on July 23
The ETFs are scheduled to begin trading as US markets open at 09:30 Eastern Time on July 23.
Politics
Biden’s exit clears path for ‘decisive’ Trump victory, early Gensler resignation – 10x
The firm believes Trump's rumored endorsement of Bitcoin as a strategic reserve asset could ignite a "parabolic" surge in the flagship crypto's price.
Crypto
DAIM CEO says Trump’s plan to make Bitcoin reserve asset is tough but ‘possible’
Korshain believes Trump's support for Bitcoin will lead to a more favorable regulatory environment and boost prices.
Crypto
Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23
The exchange has published listing notifications for five spot Ethereum ETFs, which are set to begin trading on July 23 after securing final regulatory approval.
Exchanges
Liminal says infrastructure was not responsible for WazirX hack, blames compromised devices
Liminal attributed the breach to compromised devices within WazirX's network, clarifying that Liminal's user interface (UI) was not responsible.
Adoption
Jefferies believes Trump’s ‘overt’ support for Bitcoin will benefit crypto stocks, gold miners
Jefferies identified several crypto-related equities that could significantly benefit from these policies, including Coinbase and MicroStrategy.
Crypto
Crypto market defies tech stock slump as Bitcoin breaks $66,000 amid Trump rumors
The crypto market recorded a significant surge as New York trading began, climbing to new monthly highs despite most equities falling at the same time.
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