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
Adoption
McKinsey believes mainstream adoption of tokenization ‘still far’ despite major advancements
McKinsey said mainstream adoption of tokenization remains elusive due to a "cold start" problem and and other regulatory, technological, and operational hurdles.
Politics
Winklevoss twins slam Biden for ‘anti-crypto’ policies, endorse Trump as ‘pro-crypto choice’
The Winklevoss twins have each donated $1 million in Bitcoin to Trump's Presidential campaign.
Regulation
CFTC reportedly probing Jump Crypto’s trading, investment activities
The federal agency is reportedly examining the firm's trading and investment activities in the crypto sector, though this scrutiny does not imply any misconduct.
Adoption
Circle CEO describes unprecedented optimism about the future of crypto
Allaire believes crypto will play a significant role in society and the economy.
Featured
CertiK reveals it found Kraken vulnerability and will return funds, denies extortion allegations
The security firm also alleged that Kraken threatened its employees on June 18 and demanded repayment of a "mismatched" amount in an unreasonable amount of time
ETF
Hedge funds betting on SEC greenlighting spot Ethereum ETFs – VanEck
Sigel said hedge funds are strategically positioning themselves as they actively anticipate the ETFs will be approved.
ETF
Hashdex, Nasdaq file application for a dual Bitcoin, Ethereum ETF
This is the first proposal for an ETF that aims to give investors combined exposure to both of the largest cryptocurrencies.
Featured
X CEO says payment functionality coming soon as platform moves closer to becoming the ‘everything app’
The payments feature will initially focus on fiat currencies but is being developed with the potential to support crypto payments in the future.
Bankruptcy
FTX debtors seeking SBF’s seized assets, customers file counterclaim
The assets include airplanes, funds held at various banks, shares of Robinhood stock once owned by SBF, and even political contributions linked to FTX executives.
CBDCs
BIS reveals almost every major central bank is interested in wholesale CBDCs
The watchdog's survey highlights the accelerating interest and efforts among central banks in developing CBDCs, with a clear trend towards wholesale applications.
Crypto
Bernstein raises long-term Bitcoin price projection to $1 million by 2033, initiates MicroStrategy coverage
Bernstein analysts also revised their predictions for the current cycle and now project the flagship crypto to hit $200,000 by the end of 2025, up from its earlier estimate of $150,000.
Regulation
EBA publishes new guidelines for ‘token issuers’ as part of upcoming MiCA regulation
The guidelines are designed to ensure robust recovery plans are in place to maintain compliance with regulatory requirements if issuers fail to meet asset reserve standards.
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