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
US voters in swing states more likely to vote for crypto-friendly politicians – survey
US voters in swing states are becoming increasing interested in crypto and are more likely to vote for politicians that have a favorable view of the industry.
Banking
German central bank president calls for swift adoption of CBDCs to stay competitive
Joachim Nagel stressed the necessity for central banks to adapt to the evolving landscape, identifying distributed ledger technology (DLT) as a crucial tool in this transformation.
Exchanges
Bitwise CIO says regulatory hurdles are a boon for Coinbase amid SEC crackdown on crypto firms
The long-term implications of the SEC's strict oversight and the sustainability of Coinbase's current advantage remain uncertain.
Legal
Nigeria poised to outlaw P2P crypto trading over national security concerns
The NSA's classification is expected to pave the way for new regulations banning P2P crypto trading, with an official announcement anticipated soon.
Crypto
Arthur Hayes predicts Bitcoin is poised for a steady rise in value
Hayes believes Bitcoin's local bottom is in and predicted that the flagship crypto will steadily grind upward over the coming months.
Exchanges
Coinbase surpasses expectations with Q1 revenue surge amid Bitcoin boom
A significant component of the revenues was a $650 million mark-to-market gain on digital assets held for investment, following new accounting standards adopted by the company.
Mining
Elizabeth Warren raises concerns over Iran’s crypto mining operations
Warren has been increasingly vocal about the risks posed by digital assets and crypto in facilitating sanctions evasions in recent weeks.
Governance
Aave proposes upgrade to v4 in strategic 2030 roadmap
The "Temp Check" proposal aims to gather the Aave community's feedback on the proposed enhancements to advance the Aave protocol.
DeFi
Senator Lummis ‘deeply concerned’ by Biden administration’s actions against DeFi, non-custodial wallets
Lummis criticized the Department of Justice's (DOJ) latest legal interpretations, which argue that non-custodial software platforms — like wallets — might be regulated as money transmission services.
Crypto
Bitcoin reclaims key support above $60,000 after attempt to sweep March lows
The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100 on April 30.
Regulation
McHenry slams Gensler for misleading Congress about Ethereum’s classification
The accusation comes amid escalating tensions over the SEC's regulatory approach toward digital assets in recent months.
Crypto
Hong Kong Bitcoin, Ethereum ETFs expected to outperform US counterparts’ volume on day 1
Two of the spot Bitcoin ETF issuers said the ETFs have seen strong pre-launch interest and are expected to set records in the market.
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