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
8425 stories- Crypto· World
Bitmine increases Ethereum holdings to nearly 5.8 million ETH raising centralization concerns
Bitmine has staked an additional $278 million in Ethereum, bringing its total holdings to approximately 5.8 million ETH. This aggressive acquisition strategy is driven by the company's goal to control 5% of Ethereum's circulating supply, which has raised alarms about potential centralization in the network. As Bitmine's influence grows, it is likely to prompt regulatory scrutiny and discussions about the future of decentralization within the Ethereum ecosystem.
3 sourcesAug 6
- Crypto· World
Hashdex to Liquidate DEFI Bitcoin ETF Due to Low Assets
Hashdex has announced the closure of its DEFI Bitcoin ETF after assets fell to $14.7 million, marking a significant shift in the cryptocurrency ETF landscape. The immediate trigger for this decision is the fund's inability to attract sufficient investment over its two-year lifespan. This closure may indicate a consolidation trend in the cryptocurrency ETF market, favoring larger players moving forward.
4 sourcesAug 6
- Crypto· World
South Africa proposes new regulations for cross-border cryptocurrency transactions
South Africa issued draft rules mandating that cross-border cryptocurrency transactions be conducted through authorized providers and reported to the central bank. This initiative is driven by the need to enhance regulatory clarity and align with global standards in the digital asset space. The long-term implication may lead to a significant reshaping of the cryptocurrency landscape in South Africa and influence similar regulatory efforts in other regions.
3 sourcesAug 6
- Crypto· World
Morgan Stanley downgrades Circle's price target amid stablecoin market challenges
Morgan Stanley has downgraded Circle's price target from $106 to $38, raising concerns about the future of its stablecoin USDC amid increasing competition and market skepticism. This downgrade is occurring now due to slower USDC growth and the emergence of competing tokenized money market funds. In the long term, Circle's ability to adapt to these competitive pressures will be crucial for its sustainability and profitability in the evolving stablecoin market.
4 sourcesAug 6
- Crypto· World
Dormant Bitcoin wallets reactivate following Coldcard hack
A Bitcoin wallet dormant for 12 years moved approximately $31 million, marking a significant shift in market behavior. This movement is triggered by the recent Coldcard hack, which has raised security concerns among Bitcoin holders. The long-term implication may include increased market volatility as more dormant wallets become active in response to ongoing security fears.
3 sourcesAug 6
- Crypto· World
Strategy shifts from Bitcoin accumulation to capital restructuring with $105 million sale
Strategy sold 1,638 BTC for approximately $105 million, marking a significant shift in its corporate strategy. This decision is driven by the need to fund shareholder dividends and buybacks, occurring after a six-week pause in Bitcoin purchases. The long-term implication may influence how corporations manage cryptocurrency assets and reshape market perceptions of Bitcoin's value.
4 sourcesAug 6
- Crypto· World
Coldcard hardware wallet exploit triggers surge in Bitcoin ETF inflows
A security breach involving Coldcard hardware wallets has raised concerns about self-custody in the cryptocurrency space. This incident has led to $382 million in inflows into US spot Bitcoin ETFs and record inflows to centralized exchanges as investors seek safer custody solutions. The long-term implication may be a shift towards more regulated Bitcoin investment products and increased demand for managed custody solutions.
3 sourcesAug 6
- Crypto· World
STRC Surges Above $90 Driven by Strategic Financial Maneuvers
STRC's stock price has surpassed $90 for the first time since June 17, marking a significant 30% rebound. This recovery is attributed to the company's strategic financial actions, including a $4 billion cash reserve and recent bitcoin sales. Moving forward, STRC's ability to sustain this momentum will hinge on its management of bitcoin market volatility and ongoing financial strategies.
4 sourcesAug 6
- Crypto· World
CLARITY Act faces declining odds of passage impacting U.S. crypto regulations
The odds of the CLARITY Act passing have dropped to 16% as it missed its scheduled Senate discussion. This decline is attributed to the approaching Senate deadline, raising concerns among analysts about potential sell-offs in the crypto market. If the Act does not pass soon, increased volatility in the crypto market is expected, although there is hope for expedited regulatory clarity from U.S. regulators.
3 sourcesAug 6
- Crypto· World
Coldcard Wallet Exploit Results in Theft of 1,367 BTC and Calls for Enhanced Security Audits
A vulnerability in Coldcard wallets has led to the theft of over 1,367 BTC, raising alarms about the security of self-custody solutions in the cryptocurrency sector. This incident has triggered a demand for independent audits and increased scrutiny of hardware wallets following the discovery of 85 critical flaws across numerous open-source projects. In the long term, this may shift user behavior towards institutional custody options and prompt regulatory responses to enhance security protocols in the industry.
3 sourcesAug 6
- Economy· MENA
Turkish manufacturing sector contracts amid weak demand
The Turkish manufacturing sector has contracted in July, as indicated by the latest Purchasing Managers' Index data. This decline is primarily driven by weak market conditions and reduced demand for manufactured goods. If the trend continues, Turkey may face prolonged economic challenges unless effective measures are implemented to stimulate growth in the sector.
3 sourcesAug 6
- Economy· World
European stock markets rise amid US-Iran diplomatic optimism
European stock markets experienced a positive shift as investor sentiment improved following renewed hopes for diplomatic talks between the United States and Iran. This optimism triggered a significant drop in oil prices, alleviating concerns over energy supply disruptions. In the long term, market participants will closely monitor the evolving situation in the Middle East and its potential impact on energy prices and economic stability.
3 sourcesAug 6
- Crypto· World
Strategy sells 1,638 BTC amid cryptocurrency market struggles
Michael Saylor's firm, Strategy, has sold 1,638 BTC for approximately $105 million, marking a significant shift in its approach to Bitcoin. This sale is driven by ongoing challenges in the cryptocurrency market, resulting in substantial paper losses for the firm. The long-term implication may signal a broader trend among corporate treasuries in actively managing their cryptocurrency assets rather than accumulating them.
4 sourcesAug 6
- Crypto· World
American Bitcoin Corp. reports $57.2 million loss while increasing Bitcoin holdings
American Bitcoin Corp. has reported a net loss of $57.2 million for the second quarter of 2026, despite achieving record production levels of 932 BTC. This financial setback is occurring as the company continues its aggressive strategy to accumulate Bitcoin, increasing its reserves by 14% to 8,002 BTC. The long-term implication of this strategy may influence market dynamics and the company's future financial stability in the cryptocurrency sector.
6 sourcesAug 6
- Economy· World
US Treasury Uses Euros to Buy Yen in Currency Stabilization Effort
The U.S. Treasury has initiated a strategy of purchasing yen with euros to bolster the Japanese currency's value. This unconventional approach is being implemented at a time when the yen has fallen to 157 per dollar, raising concerns among economists about its long-term viability. The strategy's effectiveness will be closely monitored as it may have significant implications for U.S. currency policy and global markets.
3 sourcesAug 6
- Business· World
Visa acquires Israeli AI fraud detection firm BioCatch for $2.4 billion
Visa has announced its acquisition of BioCatch, a fraud detection platform utilizing AI, for $2.4 billion. This strategic move is aimed at enhancing Visa's cybersecurity capabilities and improving fraud detection at payment points. In the long term, this acquisition positions Visa to strengthen consumer trust and market competitiveness in the digital payment landscape.
4 sourcesAug 6
- Business· World
Curium to Acquire Lantheus Holdings for $6.7 Billion
Curium has announced its acquisition of Lantheus Holdings for an initial $6.7 billion, with the potential for the deal to reach up to $8 billion. This strategic move is aimed at strengthening Curium's position in the radiopharmaceutical market, reflecting confidence in the sector's growth. The acquisition is expected to increase competition in the radiopharmaceutical industry as Curium integrates Lantheus's operations.
3 sourcesAug 6
- Business· World
Hughes Network Systems files for Chapter 11 bankruptcy amid $1.5 billion debt crisis
Hughes Network Systems has filed for Chapter 11 bankruptcy to reorganize its $1.5 billion debt. This move comes as the company faces increasing competition from SpaceX's Starlink, leading to a loss of subscribers and revenue. The long-term implication is that Hughes must successfully adapt its business model to survive in a rapidly evolving satellite internet market.
6 sourcesAug 6
- Economy· World
Gold prices rise as Trump delays military action against Iran
Gold prices have increased by 0.4% to $4,055.76 per ounce following President Trump's decision to postpone military action against Iran. This easing of geopolitical tensions has led to a decline in oil prices, influencing market dynamics and alleviating inflation fears. In the long term, the trajectory of gold prices will likely depend on further developments in U.S.-Iran relations and economic indicators from the U.S.
3 sourcesAug 6
- Economy· World
Global Stock Markets Surge as S&P 500 Hits All-Time High Amid Geopolitical Optimism
Global stock markets have seen significant gains, with the S&P 500 reaching an all-time high. This surge is driven by optimism surrounding a potential agreement on the Strait of Hormuz and strong corporate earnings, particularly in the defense and AI sectors. The long-term implication suggests that continued growth in these sectors may sustain market momentum as geopolitical developments unfold.
3 sourcesAug 6