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
Technology
DTCC highlights potential of tokenization in Congressional testimony
Chakar's testimony centered on the transformative potential of tokenizing real-world assets and its implications for the US financial markets.
Crypto
StanChart predicts new ATH on favorable payroll data, maintains $150k Bitcoin price
Kendrick also reaffirmed previous projections and said he maintains a bullish outlook on Bitcoin's price.
DeFi
Minutes Network
The sharing economy of the telecommunications minutes market
Adoption
Fidelity believes investors should consider small Bitcoin exposure for long-term portfolios
Horne said that even if Bitcoin price falls dramatically, a small exposure would not impact the broader portfolio.
Regulation
Gensler slams crypto exchanges for unsavory practices, says spot Ethereum ETFs will ‘take some time’
Gensler made the statements during a June 5 interview on CNBC in response to Jim Cramer's questions about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum.
Politics
Bitwise CIO says market undervaluing Washington’s shifting attitude toward crypto
Hougan said the US political landscape regarding crypto has changed significantly toward a more positive stance in recent weeks.
Legal
Spain extends Worldcoin ban until 2024-end
The Bavarian authority, where Worldcoin's main European office is located, is expected to conclude its investigation in the coming weeks.
Legal
FTX settles $24 billion IRS claim for fraction to prioritize customer repayments
According to the terms of the settlement, the IRS will receive a $200 million priority claim to be paid within 60 days after FTX's proposed restructuring plan is implemented.
CBDCs
Qatar Central Bank launches first phase of CBDC project
The central bank will test and develop selected applications of the CBDC for settling large payments with local and international banks.
Community
Coinbase CEO calls on crypto community to vote out anti-crypto politicians
Armstrong made the statement in a June 3 blog post titled "How to get regulatory clarity for crypto."
Politics
Lawmakers urge Biden administration to reconsider veto for SAB 121 repeal
The lawmakers called on President Biden to either sign the resolution into law or collaborate with the SEC to revoke the guidance.
Exchanges
Coinbase slams SEC in closing brief over refusal to provide clear regulation
Coinbase filed its closing brief on May 31, slamming the SEC for its refusal to provide regulatory clarity for the digital asset industry.
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