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- Economy· World
U.S. Treasury Secretary advocates for Federal Reserve facility to support yen stabilization
Scott Bessent is promoting a Federal Reserve facility to aid Japan in stabilizing the yen. This initiative is occurring now to mitigate volatility in global markets and protect U.S. Treasury bonds from excessive selling pressure. Long-term, this could lead to a more stable financial environment globally, influencing liquidity flows in various markets including cryptocurrency.
3 sourcesAug 4
- Business· World
SpaceX to report first earnings since IPO amid stock lockup expiration
SpaceX is scheduled to release its Q2 2026 earnings report on August 4, marking its first earnings announcement since going public. The report comes just after the expiration of a stock lockup for employees and insiders on August 3, allowing them to sell shares. The outcome of this earnings report is expected to significantly influence investor sentiment and the future trajectory of the space industry.
4 sourcesAug 4
- Economy· World
U.S. and Japan intervene to stabilize yen amid investor skepticism
The U.S. and Japan have intervened in the currency markets to support the yen, resulting in a 0.5% rally. This intervention comes as a response to increasing bearish bets against the yen, which have pressured its value. Long-term, the effectiveness of this intervention will depend on how traders adjust their positions in the coming weeks.
3 sourcesAug 4
- Economy· UAE
UAE announces slight increase in fuel prices for August 2026
The UAE has approved a minor increase in fuel prices for August 2026, with Super 98 gasoline rising to AED 3.60 per litre. This adjustment is occurring now as part of a flexible pricing mechanism that aligns with global energy market fluctuations. Consumers can expect ongoing price adjustments as global energy prices continue to evolve.
3 sourcesAug 3
- Economy· MENA
IMF Evaluates $1.7 Billion Funding Package for Egypt Amid Economic Challenges
The International Monetary Fund is currently assessing a $1.7 billion funding package for Egypt to support its economy. This evaluation comes as Egypt faces economic difficulties exacerbated by rising geopolitical tensions in the Middle East. If approved, the funding could enhance Egypt's economic resilience and growth prospects over the next two years and beyond.
3 sourcesAug 3
- Business· UAE
ADGM Launches Broker Classification Framework to Enhance Real Estate Standards
The Abu Dhabi Global Market has activated a new Broker Classification Framework aimed at improving the professionalism and efficiency of real estate brokers in Abu Dhabi. This initiative is being implemented now to recognize top-performing agents and elevate service standards within the property market. In the long term, this framework is expected to foster increased competition and attract more investors to Abu Dhabi's real estate sector.
3 sourcesAug 3
- Economy· World
Gold prices poised for first monthly gain in five months despite recent decline
Gold prices fell on Friday but are set to achieve their first monthly gain since February. This is happening due to increased buying activity near the $4,000 mark and a decrease in expectations for interest rate hikes by the Federal Reserve. The long-term implication is that investors will closely monitor geopolitical developments and economic indicators that could further influence gold prices.
4 sourcesAug 3
- Economy· UAE
Abu Dhabi raises maximum building area for homes in Shuwaib National Housing Project
The Abu Dhabi government has increased the maximum permitted building area for homes in the Shuwaib National Housing Project to 900 square meters. This change aims to provide families with more flexibility in designing their living spaces to accommodate evolving household needs. The long-term implication is an expected enhancement in the quality of life for residents and potential stimulation of the local real estate market.
3 sourcesAug 3
- Business· MENA
Emirates NBD acquires HSBC Egypt's retail banking business
Emirates NBD has signed definitive agreements to acquire HSBC Egypt's retail banking operations. This strategic move is driven by Emirates NBD's goal to expand its footprint in Egypt, a key market for its regional growth strategy. The acquisition is expected to enhance Emirates NBD's competitive edge and service offerings in the Egyptian market over the long term.
5 sourcesAug 3
- Business· World
Amazon reveals $1.8 million budget overrun on failed AI project
Amazon disclosed a significant budget overrun of $1.8 million on an AI project that went unnoticed for five months. This oversight was triggered by internal document leaks that highlighted deficiencies in budget monitoring and project management. In the long term, this incident may prompt Amazon to enhance its project management practices and oversight mechanisms for AI investments.
3 sourcesAug 3
- Business· World
Sony to Discontinue Physical PS5 Discs Amid Gamer Backlash
Sony has announced its decision to stop producing physical PlayStation 5 discs, prompting significant backlash from the gaming community. The immediate trigger for this reaction is the organized boycott named PSBlackout, which fans are planning for the week of August 23. In the long term, this shift towards digital distribution may lead to new business models that cater to both digital and physical media preferences in the gaming industry.
5 sourcesAug 3
- Crypto· World
Circle secures limited-purpose trust charter from NYDFS
Circle has received a limited-purpose trust charter from the New York Department of Financial Services, enabling it to offer fiduciary and custody services. This regulatory approval comes as part of a broader trend of increasing scrutiny and compliance within the cryptocurrency sector. In the long term, Circle's advancements may influence the regulatory framework for stablecoins, promoting greater acceptance of cryptocurrency in traditional finance.
4 sourcesAug 3
- Crypto· World
Coinbase reports $359 million loss while achieving record 10.3% market share in crypto trading
Coinbase has reported a $359 million loss for the second quarter of 2026, marking its third consecutive quarter of revenue misses. This financial setback is attributed to a weak crypto market, which has impacted transaction volumes and fees. Moving forward, Coinbase's ability to innovate and adapt will be crucial for its financial recovery and maintaining its competitive position in the cryptocurrency space.
3 sourcesAug 3
- Crypto· World
BlackRock Drives $273 Million in Bitcoin ETF Inflows This Week
BlackRock clients have made significant purchases of Bitcoin, totaling $273 million, which has led to substantial inflows into Bitcoin ETFs. This surge in institutional investment is occurring now due to a growing appetite for cryptocurrency among institutional clients. The long-term implication may involve increased market stability alongside heightened concerns about concentration risks in the cryptocurrency sector.
3 sourcesAug 3
- Business· World
Index Ventures raises $2 billion to enhance investment in AI and fintech
Index Ventures has raised $2 billion to support startups across multiple sectors, particularly in AI and fintech. This funding comes as the firm shifts its focus away from crypto investments, reflecting a strategic realignment in response to market trends. The long-term implication is that Index Ventures is positioning itself to play a significant role in the evolving technology landscape, potentially influencing the next wave of innovation.
3 sourcesAug 3
- Crypto· World
Tether reports $1.5 billion profit in Q2 2026 amid stablecoin market challenges
Tether generated a profit of $1.5 billion during the second quarter of 2026. This financial success is attributed to its significant investments in US Treasury bills, despite a declining market for stablecoins. The long-term implication may involve Tether reassessing its reserve management strategies as it navigates fluctuating economic conditions and potential regulatory scrutiny.
3 sourcesAug 3
- Business· World
Pump.fun lays off employees before PUMP token vesting
Pump.fun has laid off employees just before the vesting of PUMP tokens, raising concerns about the company's management practices. The layoffs were attributed to rapid growth, as stated by co-founder Noah Tweedale. This situation may hinder Pump.fun's ability to attract new talent and could negatively impact investor confidence in the long term.
3 sourcesAug 3
- Crypto· World
Bank of Italy study reveals stablecoin remittances lack cost advantages over traditional methods
The Bank of Italy has published a study indicating that stablecoin remittances often incur costs comparable to traditional remittance methods. This finding is attributed to significant fiat conversion costs and banking infrastructure rather than blockchain fees. As a result, the research may prompt further scrutiny of stablecoins' viability in the remittance market and influence future regulatory developments.
3 sourcesAug 3
- Crypto· World
Bitcoin mining difficulty drops 19.9% as miners shift focus to AI
Bitcoin mining difficulty has decreased by 19.9%, reflecting a major capitulation among miners. This shift is occurring as miners face plunging revenues and are redirecting their resources towards artificial intelligence data centers. The long-term implication may be a significant transformation in the cryptocurrency mining landscape as AI integration becomes more prevalent.
3 sourcesAug 3
- Business· World
STRC Maintains 12% Dividend Amid Market Volatility
STRC has decided to keep its dividend rate at 12% as its shares close at $89.46. This decision is driven by a substantial cash reserve of $3.75 billion and ongoing buyback strategies, reflecting investor confidence despite market fluctuations. In the long term, this stability may attract more investors seeking reliable income in the cryptocurrency sector.
3 sourcesAug 3