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
Germany runs out of Bitcoin after 23 days of selling
Arkham's tracker now shows a zero balance for the German government's Bitcoin holdings, marking a significant shift in the crypto landscape.
Crypto
Senator Lummis says ‘Bitcoin in reserve’ can help dollar ‘remain strong’
She also advocated for clear protections for self-custody Bitcoin wallets and expressed satisfaction with the Fed's decision to not pursue a CBDC.
Regulation
SEC ends years-long probe into Stacks without recommending further enforcement
The investigation, which began more than three years ago, has been a significant chapter in the history of the Bitcoin Layer-2 network.
Legal
US Congress says Nigeria ‘wrongfully detaining’ Binance exec to ‘extort’ exchange, initiates legislation to free him
The resolution calls on the US government to take immediate action to secure Gambaryan's release.
Legal
FTX estate disputes Jump Trading’s $264 million claim over unmaterialized Alameda loan
The dispute centers around a loan agreement between Alameda Research and Jump Trading's subsidiary, Tai Mo Shan.
Adoption
Coinbase believes crypto voters will play major role in US Presidential elections
Coinbase said crypto is a bipartisan issue for voters and will significantly impact the upcoming Presidential elections in November.
Adoption
Ripple CEO urges Democrat action on crypto regulation, criticizes SEC chair following roundtable
Initial reports claim the event left industry participants cautiously hopeful about the regulatory landscape in the coming months.
Technology
Kraken, major industry players co-found non-profit Blockchain Security Standards Council
The nonprofit organization aims to create uniform security standards across the crypto industry.
Politics
Chamber of Progress calls on Biden to back crypto amid growing adoption
The trade body argued that supporting comprehensive regulation could position the Biden Administration as a leader on an issue that resonates strongly with younger voters.
Legal
Singapore court rules in favor of Fantom Foundation in lawsuit against Multichain
The ruling came after a default judgment was issued against Multichain on Jan. 30, with an assessment of damages hearing held on June 3.
Adoption
Dubai Customs turns to blockchain technology for enhanced operations, transparency
The initiative seeks to bolster collaboration between government entities and the logistics industry.
Adoption
Bitcoin traders eye Trump victory as potential market boost – FT
The concept of a "Trump trade" is increasingly gaining traction among crypto traders due to the former President's "perceived pro-crypto stance and policies."
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