Bio
Saqib is COO and co-founder at A47 AI, where he runs operations and leads the prediction-markets initiative. He covers crypto, Web3, and the decentralization of the sport and entertainment economy.
Editorial Responsibility
As A47's prediction-markets and crypto editor, I am responsible for our coverage of these markets and Web3 — ensuring it is grounded in real product, data, and revenue rather than speculation.
Previous experience · 14+ years
- · WPP Media (GroupM PK, Wavemaker PH)
- · MYCO
- · ARY Digital Network
Education
MBA Marketing, SZABIST
Areas of expertise
Categories overseen
Stories from Saqib Pathan’s desk
8617 stories- Crypto· World
Hyperliquid proposes entry into prediction markets with new system HIP-4
Hyperliquid has launched a proposal for prediction markets and submitted a letter to the CFTC for public input. This initiative is driven by the rapid growth of the $63 billion prediction market sector and aims to simplify event betting for users. If successful, Hyperliquid's HIP-4 could significantly disrupt existing platforms and attract a broader user base in the long term.
3 sourcesMay 2Low
- Crypto· World
Bitcoin's April price surge driven by futures trading amid declining spot demand
Bitcoin's price increased by 12.7% in April, primarily due to futures trading while spot demand weakened. This shift is occurring now as leverage liquidations are contributing to heightened market volatility and trader uncertainty. Long-term, the cryptocurrency market may require strong bullish catalysts to stabilize and recover from ongoing volatility risks.
3 sourcesMay 2Moderate
- Crypto· World
Carrot DeFi Protocol Shuts Down After $285 Million Exploit
Carrot, a decentralized finance yield protocol on Solana, has permanently ceased operations following substantial financial losses from the Drift Protocol exploit. The immediate trigger for this shutdown was the exploit that drained approximately $285 million, leading to a drastic decline in Carrot's total value locked from $28 million to $1.99 million. This incident highlights the vulnerabilities in DeFi protocols and may prompt increased scrutiny and calls for improved security measures across the industry.
3 sourcesMay 2High
- Crypto· World
Bitcoin Remains Above $77,000 Despite ETF Outflows and Middle East Tensions
Bitcoin has sustained its trading position above $77,000 as of May 1, 2026, amidst significant net outflows from US spot exchange-traded funds. This stability comes in the context of escalating geopolitical tensions in the Middle East, particularly between Israel and Iran, which have driven oil prices to $115 per barrel. The long-term implication suggests that Bitcoin may continue to be viewed as a hedge against regional instability and inflationary pressures in global markets.
8 sourcesMay 2Low
- Crypto· World
SBI Holdings initiates acquisition talks for Bitbank in Japan's crypto market
SBI Holdings has begun discussions to acquire a controlling stake in the Japanese cryptocurrency exchange Bitbank. This move is prompted by a trend of consolidation in Japan's crypto market, fueled by improving regulatory clarity and the expansion of crypto services. The acquisition could enhance SBI's market position and influence, setting the stage for further consolidation and innovation in the sector.
3 sourcesMay 2High
- Crypto· World
Alex Mashinsky Permanently Banned from Cryptocurrency Industry Following FTC Settlement
Alex Mashinsky, founder of Celsius Network, has been permanently banned from the cryptocurrency industry and ordered to pay $10 million as part of a settlement with the FTC. This action comes in the wake of his ongoing 12-year prison sentence for fraud and market manipulation, highlighting the increasing regulatory scrutiny on cryptocurrency founders. The long-term implication is a potential reshaping of the cryptocurrency landscape as other founders may face similar legal challenges and regulatory actions in the future.
5 sourcesMay 2Low
- Crypto· World
World Liberty Financial faces governance crisis as token value drops 70%
World Liberty Financial's WLFI token has experienced a significant decline in value, plummeting approximately 70% following a controversial governance proposal that opened for voting. The immediate trigger for this downturn is the community backlash against the proposal, which includes undisclosed sales of 5.9 billion tokens and a two-year lockup for early investors. The long-term implications could reshape investor confidence and the viability of WLFI as the governance vote progresses towards its conclusion in May 2026.
3 sourcesMay 2Low
- Business· World
Fun secures $72 million in Series A funding to enhance fiat and cryptocurrency payment integration
Fun has raised $72 million to develop unified payment solutions for fiat and cryptocurrency. This funding round, co-led by Multicoin and SignalFire, is occurring now due to the growing demand for seamless digital transactions. The long-term implication is that Fun's advancements may significantly accelerate the global adoption of cryptocurrency payments in everyday transactions.
3 sourcesMay 2Moderate
- Crypto· World
Tether reports $1.04 billion profit in Q1 2026 amid strategic reserve shifts
Tether announced a profit of $1.04 billion for the first quarter of 2026, with total reserves reaching $191.8 billion. This financial performance is driven by Tether's strategic investments in US Treasuries and gold, reflecting a response to increasing scrutiny of stablecoins. In the long term, Tether's diversification may enhance its stability and position it favorably in a changing regulatory environment.
4 sourcesMay 2Moderate
- Crypto· MENA
Brazil's Central Bank bans cryptocurrencies for cross-border payments
Brazil's central bank has imposed a ban on the use of cryptocurrencies in regulated cross-border payments. This decision is driven by the rising use of stablecoins in local markets, necessitating tighter regulations on digital currencies. The long-term implication may lead to increased scrutiny and regulation of cryptocurrencies, potentially influencing other countries to adopt similar measures.
3 sourcesMay 2Moderate
- Crypto· World
Coinbase launches CUSHY, a tokenized stablecoin credit fund for institutional investors
Coinbase Asset Management has introduced CUSHY, a tokenized stablecoin credit fund designed for qualified institutional investors. This launch is driven by the increasing demand for innovative financial products that integrate traditional credit markets with blockchain technology. The long-term implication is that CUSHY could pave the way for more tokenized financial products, reshaping institutional engagement with digital assets.
4 sourcesMay 2Low
- Crypto· World
Bitcoin Faces Resistance at $80,000 Amid Profit-Taking and Bearish Sentiment
Bitcoin surged to an intraday peak of $78,924 on May 1, 2026, before settling below $78,300. This volatility was triggered by substantial liquidations of short positions worth $120 million as traders reacted to the price movement. The long-term outlook suggests that continued profit-taking and growing bearish sentiment may hinder Bitcoin's ability to break through the critical $80,000 resistance level.
4 sourcesMay 2Moderate
- Crypto· World
Ethereum Foundation sells 10,000 ETH to BitMine as part of treasury strategy
The Ethereum Foundation has sold 10,000 ETH to BitMine, marking a significant transaction in its treasury management. This sale follows a previous transaction earlier this year and is driven by BitMine's increasing institutional interest in Ethereum. The long-term implication may involve shifts in market dynamics and funding for Ethereum's development projects.
4 sourcesMay 2High
- Crypto· MENA
XRP Gains Bullish Sentiment Following Rakuten Wallet Integration
XRP has seen a surge in social media sentiment after its integration with Rakuten Wallet, enhancing its utility for payments in Japan. This positive sentiment is driven by the potential for favorable tax changes in Japan that could make cryptocurrency more appealing to consumers. If the bullish trend continues and resistance levels are breached, XRP may experience significant price movements in the market.
5 sourcesMay 2Moderate
- Crypto· World
Bitcoin ETFs face significant outflows despite Fidelity's investment
Bitcoin ETFs have experienced a total outflow of $89.6 million, with BlackRock's IBIT leading the withdrawals at $112 million. This shift in investor sentiment is occurring amidst ongoing volatility in the cryptocurrency market, prompting caution among investors. The long-term implications may include increased regulatory scrutiny and a potential reevaluation of investment strategies in the crypto space.
3 sourcesMay 2Low
- Crypto· World
Ripple CEO anticipates CLARITY Act passage by end of May
Ripple CEO Brad Garlinghouse announced at XRP Las Vegas that he believes the CLARITY Act will pass by the end of May. This optimism comes as the bill nears its final procedural hurdle in the Senate. If passed, the CLARITY Act could significantly reshape the regulatory landscape for cryptocurrencies in the U.S., impacting market dynamics and Ripple's strategic direction.
3 sourcesMay 2Moderate
- Crypto· World
Bitcoin price drops below $77,000 amid rising oil prices and US-Iran tensions
Bitcoin's price fell below $77,000 due to rising oil prices and geopolitical tensions stemming from the US-Iran conflict. This decline is triggered by oil prices surging past $104 a barrel, driven by instability in the Middle East and stalled negotiations. The long-term implication suggests that Bitcoin's future performance will remain sensitive to geopolitical developments and oil price fluctuations.
3 sourcesMay 2Low
- Business· World
Carlsberg Reports Strong Q1 Revenue Growth Driven by Diversification Strategy
Carlsberg A/S has reported strong revenue growth for Q1 2026, exceeding forecasts due to increased sales in soft drinks and alcohol-free beverages. This growth is attributed to the company's successful diversification strategy, which has resonated well with consumers despite geopolitical challenges. Looking ahead, Carlsberg's focus on expanding its product offerings may enhance its resilience against future market fluctuations and uncertainties.
3 sourcesMay 2Low
- Business· World
GSK Reports Q1 2026 Core Operating Profit of £2.65 Billion Amidst Declining Sales of Older Medicines
GSK has announced a core operating profit of £2.65 billion for Q1 2026, reflecting a year-over-year increase driven by strong sales in specialty medicines. The company's cautious outlook is attributed to disappointing sales from older respiratory products, prompting a decline in its share price. Moving forward, GSK's ability to revitalize its older product lines will be critical for sustaining investor confidence and overall growth.
3 sourcesMay 2Low
- Business· World
TotalEnergies Reports 51% Profit Surge Amid Middle East Conflict
TotalEnergies has announced a 51% increase in its first quarter net profit, driven by rising energy costs linked to the ongoing conflict in the Middle East. This surge in profits has sparked discussions about potential windfall taxes, particularly from France's opposition Socialist Party, amid accusations of war profiteering. The long-term implication may see increased regulatory scrutiny and potential legislative changes regarding crisis-related profits in the energy sector.
3 sourcesMay 2Low