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
21Shares becomes second major firm to apply for a spot Solana ETF this week
21Shares is the second major firm to file an application for a spot Solana ETF this week, and the third this month.
Crypto
Industry experts challenge Peter Thiel’s reservations about Bitcoin’s future price potential
Thiel said he is "not sure" if Bitcoin will rise "dramatically" from current price levels.
Regulation
Paradigm urges ESMA to reconsider stance toward MEV
Paradigm believes the regulator's current approach misinterprets the mechanics and implications of MEV, a key feature in the operation of DeFi ecosystems.
Crime
Crypto losses stemming from hacks, rug pulls up 112% YoY – Immunefi
Meanwhile, year-to-date (YTD) losses are up 24% compared to the previous year.
Regulation
Nigeria issues 30-day deadline for crypto firms to re-register under new regime
The SEC's directive comes amid increasing scrutiny and skepticism toward digital assets, which have exacerbated forex and economic issues in the country.
Trading
Animoca in preliminary talks to launch IPO in crypto-friendly region at $6 billion valuation
Siu revealed that the company is evaluating potential listing locations, with Hong Kong and the Middle East emerging as key contenders.
AI
BIS urges central banks to adopt AI to mitigate economic and financial risks
The BIS emphasized that the widespread adoption of AI could affect inflation trends and urged policymakers to incorporate AI into their operations to enhance financial and price stability.
Web3
Ava Labs eyes web3 integration in South Korea’s booming K-Pop industry
Ava Labs' Justin Kim said using NFTs for K-pop merchandise will allow artists to have a "clear and transparent record of sales" that will ensure appropriate compensation.
Crypto
Congressman introduces bill to enable federal tax payments in Bitcoin
Congressman Matt Gaetz (R-Fla.) said the bill will ensure that the US remains at the forefront of technological advancement.
Adoption
Telegram-based web3 game Hamster Kombat draws Irani general’s ire amid rising local player base
Irani officials have raised concerns over a new web3 "tap-to-earn" game called Hamster Kombat that has gripped the local populace amid deteriorating economic conditions.
Crypto
Analyst predicts limited impact from Mt. Gox Bitcoin distribution amid market slide
Bitcoin fell below key support levels following the Mt. Gox announcement, but analysts believe the fear is being blown out of proportion.
Crime
FinCEN says illicit use of crypto by criminals creates new ‘opportunities’ for detection
The watchdog said that criminal organizations are increasingly using crypto to conduct their illicit activity, especially in the fentanyl supply chains.
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