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
4260 stories- Economy· World
IMF Warns of AI-Driven Threats to Global Financial Stability
The International Monetary Fund has issued a warning about the systemic threats posed by artificial intelligence to the global financial system. This caution arises as AI advancements could lead to destabilizing cyberattacks on financial markets at this critical juncture. In the long term, the financial sector is expected to face increased scrutiny and regulatory measures to mitigate these risks while leveraging AI's benefits.
3 sourcesMay 11Low
- Economy· World
ASEAN leaders adopt emergency plan to address economic impacts of Middle East war
ASEAN countries have implemented a coordinated emergency plan to mitigate the economic challenges posed by the ongoing Iran war. This response is triggered by rising fuel prices that threaten the oil-import reliant economies of Southeast Asia. In the long term, this initiative may lead to increased regional cooperation and further economic measures to ensure stability in the face of global crises.
5 sourcesMay 11Low
- Economy· World
Iran's economic crisis deepens with inflation reaching 100%
Iran is facing extreme inflation and economic hardship due to ongoing conflict and international sanctions. The rapid rise in food prices and widespread unemployment are triggering a cost of living crisis for many Iranians. As the situation worsens, the Iranian government may confront increasing pressure from the populace and international actors, potentially leading to significant political and social changes.
3 sourcesMay 11Low
- Economy· World
US economy adds 115000 jobs in April amid geopolitical tensions
The US economy added 115,000 jobs in April, significantly surpassing economists' expectations. This job growth is occurring despite rising gas prices and ongoing geopolitical uncertainties related to the war with Iran. The strong labor market performance may influence Federal Reserve decisions on interest rates and economic policy moving forward.
9 sourcesMay 11Low
- Crypto· World
Trump Media and American Bitcoin report substantial financial losses amid cryptocurrency market downturn
Trump Media has announced a $406 million loss primarily due to its cryptocurrency investments, while American Bitcoin reported an $81.8 million loss despite record mining output. This financial distress is triggered by the ongoing volatility in the cryptocurrency market, which has significantly impacted both companies' revenue streams. In the long term, these challenges may force both firms to reevaluate their investment strategies and operational approaches in the digital asset space.
7 sourcesMay 10Low
- Business· MENA
DP World launches cargo war risk insurance to bolster Middle East trade
DP World has introduced a comprehensive cargo war risk insurance program for businesses operating in the Middle East. This initiative is a response to the increasing fragmentation and costs of traditional insurance in conflict zones, aimed at enhancing supply chain resilience. The long-term implication may see DP World setting a new standard in risk management for logistics, potentially influencing other companies to adopt similar solutions.
4 sourcesMay 10Low
- Business· UAE
Emirates Group announces 20-week salary bonus for employees after record profits
Emirates Group has declared a 20-week salary bonus for its employees following the announcement of record profits. This decision is driven by the company's strategy to enhance employee benefits and support a significant recruitment drive of nearly 10,000 new hires. The long-term implication is that this investment in workforce satisfaction may bolster employee retention and attract talent as the company expands operations.
4 sourcesMay 10Low
- Business· UAE
Disney Advances Abu Dhabi Theme Park Plans Amid Regional Tensions
Disney has confirmed that its plans for a theme park in Abu Dhabi are progressing as scheduled despite ongoing regional conflicts. This commitment is driven by Disney's broader expansion strategy in the Middle East and reflects confidence in the UAE's ability to manage investment stability. The successful execution of this project could enhance Disney's presence in the Middle East market and serve as a benchmark for future investments in the region.
3 sourcesMay 10
- Crypto· UAE
UAE Launches Regulated AED-USD Stablecoin Conversion Framework
A new regulated framework for AED-USD stablecoin conversions has been introduced in the UAE. This initiative is part of the UAE's broader strategy to regulate and promote digital currencies, enhancing the region's cryptocurrency market. The long-term implication could lead to increased adoption of stablecoins in institutional finance within the UAE.
3 sourcesMay 10Low
- Crypto· World
Bitwise Asset Management acquires Superstate's USCC fund for $267 million
Bitwise Asset Management has announced its acquisition of Superstate's USCC fund, valued at approximately $267 million. This strategic move is driven by the growing institutional interest in tokenized investment products at this moment. The acquisition positions Bitwise to lead in the expanding market for tokenized funds, potentially prompting other firms to pursue similar opportunities.
3 sourcesMay 10Low
- Crypto· World
TrustedVolumes DeFi platform suffers $6.7 million hack due to smart contract vulnerability
TrustedVolumes, a DeFi platform, was hacked resulting in a loss of approximately $6.7 million due to a flaw in its smart contract's signature validation logic. The immediate trigger for this incident is the exploitation of a vulnerability that has become increasingly common in the DeFi sector, which has seen a surge in hacks recently. In the long term, this incident highlights the urgent need for enhanced security measures across DeFi platforms to prevent future exploits and protect user funds.
4 sourcesMay 10Moderate
- Crypto· World
Germany proposes ending tax-free holding period for cryptocurrencies by 2027
Germany is planning to revise its cryptocurrency tax regulations, potentially eliminating the one-year tax-free holding period for digital assets starting in 2027. This initiative is driven by Finance Minister Lars Klingbeil's push for increased government revenue through stricter tax enforcement. The long-term implication could be a shift in investor behavior, potentially diminishing Germany's appeal as a crypto-friendly nation.
3 sourcesMay 10Moderate
- Business· World
Core Scientific transitions from Bitcoin mining to AI data center operations
Core Scientific has sold $208 million in Bitcoin and reported a $347 million loss as it pivots to AI hosting. This shift is driven by the company's colocation revenue surpassing its mining revenue for the first time, reflecting a strategic change in its business model. The long-term implication is that Core Scientific may increasingly rely on AI infrastructure to generate revenue, moving away from its previous dependence on cryptocurrency mining.
3 sourcesMay 10Low
- Crypto· UAE
BNY Partners with Finstreet and ADI Foundation to Launch Crypto Custody Services in UAE
BNY has announced a partnership to provide regulated cryptocurrency custody services in the UAE, focusing initially on Bitcoin and Ethereum. This move is triggered by the growing institutional interest in digital assets and the UAE's emergence as a regulatory hub for cryptocurrencies. Long-term, this initiative is expected to attract more institutional investors to the UAE, enhancing regulatory clarity and innovation in the digital asset space.
3 sourcesMay 10Low
- Crypto· World
JPMorgan Projects Strategy to Increase Bitcoin Purchases to $30 Billion in 2026
JPMorgan analysts predict that Strategy could accelerate its Bitcoin purchases to $30 billion in 2026. This forecast follows the company's aggressive acquisition strategy, having already added over 145,000 BTC this year despite reporting significant financial losses. If successful, this move could position Strategy as a dominant player in the evolving cryptocurrency market.
3 sourcesMay 10Low
- Crypto· World
DeFi Projects Migrate Assets to Chainlink Following Kelp DAO Exploit
Solv Protocol has announced the migration of over $700 million in tokenized Bitcoin to Chainlink's infrastructure in response to security vulnerabilities exposed by the Kelp DAO exploit. This significant shift, involving nearly $1 billion in total assets, reflects a growing trend among DeFi projects prioritizing security and reliability in their infrastructure choices. As the DeFi sector evolves, this focus on secure oracle solutions is likely to shape future developments and partnerships within the industry.
3 sourcesMay 10High
- Crypto· World
XRP Struggles to Maintain Key Resistance Level Amid Market Volatility
XRP's price has pulled back to test support levels around $1.40 after failing to hold above the critical resistance of $1.45. This decline is occurring as traders react more to technical factors than to positive developments within the Ripple ecosystem, such as partnerships with major financial institutions. If XRP cannot reclaim the $1.45 level, further declines may ensue, impacting market sentiment and trading strategies.
3 sourcesMay 10Low
- Crypto· World
U.S. crypto exchanges push for amendments to CLARITY Act ahead of Congress markup
Major U.S. crypto exchanges Coinbase, Kraken, and Gemini are lobbying for changes to the CLARITY Act as it approaches its markup date on May 14. The exchanges are concerned that current provisions could restrict the listing of small-cap tokens, limiting innovation in the market. If successful, these lobbying efforts could lead to a more inclusive regulatory environment for cryptocurrencies in the U.S.
3 sourcesMay 10High
- Crypto· World
Tom Lee predicts Bitcoin and Ethereum price surges by end of 2026
Tom Lee, chairman of Bitmine Technology, has set ambitious year-end price targets of $200,000 for Bitcoin and up to $12,000 for Ethereum, signaling a potential market recovery. This optimism is fueled by recent trading patterns and the belief that the crypto winter has ended, coinciding with discussions at Consensus 2026. If these targets are met, it could indicate a significant shift in investor sentiment and market dynamics within the cryptocurrency sector.
3 sourcesMay 10Moderate
- Crypto· World
South Korea confirms 22% tax on cryptocurrency gains effective January 2027
South Korea has announced a 22% tax on cryptocurrency gains exceeding 2.5 million won, set to take effect in January 2027. This decision comes as the Finance Ministry collaborates with major exchanges to establish reporting systems in anticipation of the new regulations. The long-term implication is a potential shift in trading behaviors and increased scrutiny of crypto transactions within the South Korean market.
5 sourcesMay 10Low