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
8384 stories- Economy· World
US dollar stabilizes as interest rate hike expectations decline
The US dollar has stabilized following a significant drop in market expectations for a Federal Reserve interest rate hike in September. This shift was triggered by moderate inflation data showing a 0.1% increase in consumer prices for July, leading to a reassessment of monetary policy. In the long term, the dollar's performance will likely remain closely tied to upcoming economic indicators and Federal Reserve decisions regarding interest rates.
3 sourcesAug 15
- Business· UAE
DP World announces $3 billion investment plan for global expansion by 2026
DP World has unveiled a $3 billion investment strategy aimed at enhancing its global operations, particularly in port capacity and logistics infrastructure. This decision comes in response to ongoing challenges in Middle Eastern trade routes, despite the company reporting a 13.1% revenue increase. The long-term implication of this investment is the potential strengthening of DP World's market position and resilience against future trade disruptions.
3 sourcesAug 15
- Business· World
Tesla announces $10.1 billion solar factory project in Texas
Tesla has unveiled plans to build a $10.1 billion solar factory in Texas, aimed at boosting its solar panel production capabilities. This initiative is driven by Elon Musk's strategy to expand Tesla's renewable energy footprint and is contingent on securing state financial support. If successful, the factory could position Tesla as a leader in the renewable energy market by significantly increasing its solar output.
3 sourcesAug 15
- Business· World
Cognition AI seeks new funding round aiming for $40 billion valuation
Cognition AI is in early discussions for a new funding round that could elevate its valuation to at least $40 billion. This surge in valuation follows a previous funding round in May where the company raised $1 billion at a $26 billion valuation, reflecting strong investor interest in AI-driven coding solutions. If successful, this funding could position Cognition AI as a leading player in the autonomous software development market.
5 sourcesAug 15
- Crypto· World
Harmony network suffers major exploit as 4 billion unauthorized tokens are minted
Harmony's ONE token experienced a drastic decline in value after an attacker minted approximately 4 billion unauthorized tokens. This incident, which occurred on August 12, 2026, has prompted Harmony to pause its bridge and collaborate with exchanges to freeze affected funds. In the long term, this exploit may lead to increased scrutiny and improvements in security protocols across the cryptocurrency industry.
5 sourcesAug 15
- Crypto· World
Bitwise Asset Management announces 14% workforce reduction amid crypto market downturn
Bitwise Asset Management has reduced its workforce by 14%, cutting its team from 180 to approximately 155 employees. This decision is driven by a 31% decline in the company's assets under management and ongoing challenges in the cryptocurrency market. The long-term implication suggests that Bitwise and similar firms will need to adapt their strategies further to navigate the evolving landscape of digital assets.
3 sourcesAug 15
- Business· World
FlightAware Drops Lawsuit Against Kalshi After One Day
FlightAware voluntarily dismissed its lawsuit against Kalshi just one day after filing. This rapid dismissal reflects the complexities surrounding the legal use of third-party data in prediction markets, prompting Kalshi to update its event contracts for data verification. The swift resolution may foster innovation in the prediction market sector by alleviating immediate legal concerns.
3 sourcesAug 15
- Crypto· World
Cryptocurrency Firms Demand Equal Access to AI Tools for Cybersecurity
A coalition of over 30 cryptocurrency firms has called for access to advanced AI models to enhance their security against evolving cyber threats. This demand arises as attackers leverage powerful AI tools without restrictions, putting legitimate security researchers at a disadvantage. The long-term implication may lead to significant changes in cybersecurity measures within the cryptocurrency sector, potentially leveling the playing field against adversaries.
3 sourcesAug 15
- Crypto· World
Binance's bStocks Become Second-Largest Tokenized Stock Issuer
Binance's bStocks have surpassed Kraken's xStocks to become the second-largest tokenized stock issuer by value. This shift is driven by a surge in after-hours trading and growing interest in alternative trading methods. The long-term implication may lead to further innovations in the cryptocurrency and trading sectors, potentially reshaping traditional market structures.
3 sourcesAug 15
- Crypto· World
Fidelity Investments files to add staking capabilities to its Ethereum Fund
Fidelity Investments has filed with the SEC to enhance its Fidelity Ethereum Fund by incorporating staking capabilities, allowing it to stake up to 100% of its Ether holdings. This initiative is driven by the desire to generate network rewards for shareholders through quarterly cash distributions from staking proceeds. If approved, this move could set a precedent for other investment firms to adopt similar staking strategies in their cryptocurrency funds.
4 sourcesAug 15
- Business· World
Wintermute Trading to Invest $1 Billion in AI and High-Frequency Trading
Wintermute Trading Ltd. has announced a $1 billion investment over the next five years to enhance its AI and high-frequency trading capabilities. This strategic shift is driven by a downturn in the cryptocurrency market, prompting the firm to diversify its revenue sources significantly. By targeting traditional finance, Wintermute aims to increase its non-crypto revenue from 10% to over 50% by 2027, potentially reshaping the competitive landscape in trading.
5 sourcesAug 15
- Crypto· MENA
HashKey Exchange tests HKDAP stablecoin for insurance payments in Hong Kong
HashKey Exchange has completed a live transaction using the HKDAP stablecoin with YF Life, marking a significant advancement in digital currency applications. This development is driven by the need to expedite premium settlement times from several days to near-instantaneous transactions. The successful implementation of HKDAP could lead to broader acceptance of regulated digital currencies in traditional financial sectors, particularly in insurance and beyond.
3 sourcesAug 15
- Business· World
ABN Amro Bank reports record Q2 profits and raises revenue guidance
ABN Amro Bank has reported a significant increase in profits for the second quarter, exceeding analysts' expectations. This surge in profitability is attributed to a 13% rise in operating income and an 11% increase in net interest income. The bank's strong performance is likely to attract further investment opportunities and bolster growth in the banking sector moving forward.
3 sourcesAug 15
- Business· World
Tencent reports 11% revenue growth amid heavy AI investments
Tencent has announced an 11% revenue growth in the latest quarter, signaling a positive financial performance. This growth is occurring as the company invests heavily in AI technology, including the recent launch of its Hy3 AI model, which has raised investor concerns about its ability to compete with industry leaders. The long-term implication is that Tencent's future competitiveness will depend on its ability to balance revenue growth with successful AI product development and market performance.
4 sourcesAug 15
- Economy· World
U.S. crude oil stockpiles rise by 17.4 million barrels marking largest weekly increase since January 2023
U.S. crude oil inventories increased by 17.4 million barrels to 424.4 million barrels for the week ending August 7, 2026. This surge is driven by a significant drop in exports and a notable rise in imports, particularly affecting the Gulf Coast region. The long-term implication may lead to shifts in oil prices and market strategies as analysts monitor export trends and inventory changes.
3 sourcesAug 15
- Economy· World
Bank of America announces $250 billion investment in U.S. infrastructure
Bank of America has unveiled a $250 billion investment initiative aimed at enhancing critical infrastructure in the United States over the next 18 months. This move is part of a broader trend among Wall Street banks to strengthen American economic security and is triggered by the need for modernization in digital and energy sectors. The long-term implication is likely to be a significant boost in job creation and economic growth, potentially influencing other financial institutions to follow suit.
6 sourcesAug 15
- Economy· World
IEA Reports Major Oil Supply Shortfall Amid Middle East Tensions
The International Energy Agency has announced a significant shortfall in global oil supplies, projected to reach 1.8 million barrels per day, marking the largest quarterly deficit in five years. This shortfall is driven by renewed hostilities and disruptions in the Middle East, leading to a downward revision of global oil demand. As geopolitical tensions persist, the oil market may face further volatility, impacting global economic conditions and inflation rates.
3 sourcesAug 15
- Economy· World
US inflation rate rises to 3.4% in July impacting Federal Reserve interest rate decisions
Inflation in the U.S. rose to 3.4% in July, meeting analysts' expectations. This increase has eased pressure on the Federal Reserve to raise interest rates in the near term, although it does not eliminate the possibility of a hike. As inflation remains stable, the Federal Reserve is likely to maintain current interest rates while monitoring future economic indicators for necessary adjustments.
5 sourcesAug 15
- Business· World
Wendy's shares rise 12% on news of potential take-private bid by Nelson Peltz
Wendy's stock surged by 12% following reports that billionaire investor Nelson Peltz's Trian Fund Management is preparing a bid to take the fast-food chain private. This development has been triggered by renewed investor interest, reminiscent of previous meme-stock trends. If the bid proceeds, it could significantly reshape Wendy's operations and strategic direction in the coming weeks.
4 sourcesAug 15
- Business· World
Form Energy secures $750 million funding for long-duration battery production
Form Energy has raised $750 million to enhance its manufacturing capabilities for iron-based batteries that can store energy for over 100 hours. This funding surge is driven by increasing investor confidence in long-duration energy storage solutions, following similar investments in the sector. The long-term implication is a significant shift towards sustainable energy technologies, positioning Form Energy as a leader in the renewable energy transition.
3 sourcesAug 15