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
4344 stories- Crypto· World
Nium partners with Coinbase to enable USDC payments for global businesses
Nium has launched a partnership with Coinbase to integrate USDC into its global payments network, allowing businesses to conduct cross-border transactions in both fiat and stablecoins. This move is driven by the growing demand for cryptocurrency solutions in payments, enabling instant payouts and card spending tools across more than 190 countries. In the long term, this integration could set a precedent for future fintech innovations and partnerships in the cryptocurrency payment landscape.
3 sourcesApr 23Low
- Crypto· World
Arbitrum Freezes $71 Million in Ether Following KelpDAO Security Exploit
Arbitrum has frozen $71 million worth of Ether due to a security exploit linked to KelpDAO. This decisive action comes as concerns about security vulnerabilities in decentralized finance (DeFi) bridge designs have intensified. The incident is likely to prompt increased scrutiny and regulatory responses regarding security practices in the DeFi sector.
4 sourcesApr 23High
- Crypto· World
Volo Protocol suffers $3.5 million security breach impacting DeFi ecosystem
Volo Protocol experienced a significant security breach resulting in a loss of approximately $3.5 million. This incident is occurring now due to ongoing vulnerabilities in decentralized finance platforms, as highlighted by a recent hack of KelpDAO. The long-term implication may lead to increased scrutiny and calls for enhanced security measures within the DeFi sector.
3 sourcesApr 23Moderate
- Crypto· World
Kelp protocol suffers $290 million exploit triggering security concerns
Kelp DAO has reported a $290 million exploit of its rsETH bridge, attributed to vulnerabilities in LayerZero's single-validator setup. The incident has led to a blame game between Kelp DAO and LayerZero, while Umbra has taken steps to prevent further exploitation. The long-term implication is that Kelp must enhance its security measures to restore user trust and prevent future breaches.
3 sourcesApr 23Moderate
- Crypto· World
Aave Experiences $15 Billion Withdrawal Following Kelp DAO Exploit
On April 18, 2026, Kelp DAO's rsETH bridge was exploited, leading to a $15 billion withdrawal from Aave deposits by April 23. This liquidity crisis was triggered by the exploiters draining $293 million in restaked Ether and using it as collateral to borrow significant amounts from Aave. The long-term implication is a potential shift in user trust and capital flow towards competing DeFi platforms like SparkLend amid ongoing discussions on bad debt mitigation.
6 sourcesApr 23Moderate
- Crypto· World
SEC introduces innovation exemption for tokenized securities trading
The SEC has announced an innovation exemption to facilitate compliant trading of tokenized securities on blockchain. This initiative comes as part of SEC Chair Paul Atkins' efforts to provide clearer regulations and lighter compliance demands for the cryptocurrency market. In the long term, this could lead to increased investment and participation in blockchain finance, reshaping the U.S. financial ecosystem.
4 sourcesApr 23High
- Crypto· World
Coinbase Advisory Board Warns Cryptocurrency Sector of Quantum Computing Threats
Coinbase's Independent Advisory Board has published a report urging the cryptocurrency industry to develop post-quantum roadmaps. This call to action comes as advancements in quantum computing make existing encryption methods increasingly vulnerable. The long-term implication is that the cryptocurrency sector must prioritize quantum threat mitigation to maintain the security and trust in blockchain technologies.
4 sourcesApr 23Moderate
- Crypto· World
Arbitrum Security Council Freezes $71 Million in ETH Following KelpDAO Exploit
The Arbitrum Security Council has frozen 30,766 ETH, valued at approximately $71 million, in response to the KelpDAO exploit that resulted in a theft of nearly $300 million. This decisive action was taken to prevent the exploiter from laundering the stolen funds immediately after the exploit occurred. The long-term implications may include increased scrutiny and potential reforms in security protocols within the decentralized finance sector.
3 sourcesApr 23Very High
- Crypto· World
RAVE token volatility triggers investigations into market manipulation
RAVE's price experienced a dramatic 95% crash after allegations of a pump-and-dump scheme emerged, leading to a loss of nearly $6 billion in market capitalization. The immediate trigger for this volatility was the accusation by blockchain investigator ZachXBT, which prompted major exchanges like Binance and Bitget to initiate investigations. The long-term implication may involve increased regulatory scrutiny and potential changes in trading practices within the cryptocurrency market.
5 sourcesApr 23Low
- Crypto· World
Russia advances comprehensive cryptocurrency regulation bill
The Russian parliament has passed the first reading of a significant crypto regulation bill. This legislative move is driven by the need for formal oversight and control over the cryptocurrency market, particularly in light of increasing global interest in digital currencies. The long-term implication is that these regulations could reshape market dynamics and potentially increase institutional demand for Bitcoin by 2026.
4 sourcesApr 23High
- Crypto· World
Morgan Stanley's Bitcoin ETF garners $139 million in assets within nine days of launch
Morgan Stanley's Bitcoin ETF has rapidly accumulated over $139 million in assets shortly after its launch. This surge is driven by increasing institutional interest in Bitcoin, reflecting a shift in sentiment among major investors. The long-term implication suggests a potential stabilization of Bitcoin's price and broader acceptance of cryptocurrencies in traditional finance.
3 sourcesApr 23Moderate
- Economy· World
Pyth Network Partners with Kalshi to Enhance Commodities Trading with Blockchain Technology
Pyth Network has expanded its partnership with Kalshi to provide pricing data for commodities markets. This collaboration is driven by Kalshi's launch of a new commodities hub that requires accurate pricing data to settle trades. The long-term implication is a potential transformation in commodities trading through increased blockchain integration, leading to innovative financial products in the sector.
3 sourcesApr 23Low
- Crypto· World
BlackRock's iShares Bitcoin Trust Secures $900 Million in Bitcoin Amid Institutional Demand
BlackRock's iShares Bitcoin Trust has accumulated approximately $900 million in net inflows, significantly increasing its Bitcoin holdings during the week ending April 22, 2026. This surge in investment is driven by heightened institutional demand and geopolitical tensions in the Middle East, as investors seek Bitcoin as a hedge against fiat currency uncertainties. The long-term implication suggests a potential constriction in Bitcoin supply, reinforcing the dominance of IBIT in the market and possibly pushing Bitcoin prices higher.
7 sourcesApr 23High
- Crypto· World
GSR launches first actively managed cryptocurrency ETF on Nasdaq
GSR has introduced its BESO ETF, which actively manages investments in Bitcoin, Ethereum, and Solana. This launch is driven by the growing demand for structured cryptocurrency investment products and GSR's shift from market-making to asset management. The long-term implication could be a significant increase in institutional investment and acceptance of cryptocurrencies in traditional finance.
3 sourcesApr 23Low
- Crypto· World
UK FCA conducts first raids on illegal P2P crypto trading platforms
The UK's Financial Conduct Authority has raided eight locations in London suspected of facilitating illegal peer-to-peer crypto trading. This crackdown is driven by increasing concerns over unregistered trading platforms and their association with financial crime. The long-term implication is a likely shift towards stricter regulations in the UK cryptocurrency market to enhance consumer protection and mitigate risks.
5 sourcesApr 23Moderate
- Crypto· World
North Korea's Lazarus Group Executes $285 Million DeFi Heist on Drift Protocol
On April 1, 2026, North Korea-affiliated Lazarus Group hackers stole approximately $285 million from Drift Protocol, a decentralized perpetuals exchange on the Solana blockchain. This unprecedented theft was triggered by a six-month social engineering campaign that allowed the attackers to infiltrate contributor networks and exploit vulnerabilities in the Solana ecosystem. The long-term implication is a heightened scrutiny on DeFi security measures and potential regulatory responses to state-sponsored cybercrime in the cryptocurrency space.
35 sourcesApr 23Low
- Crypto· World
U.S. lawmakers introduce PACE Act to enhance payment access for nonbank and crypto firms
The PACE Act was introduced by Representatives Young Kim and Sam Liccardo to modernize payment access for fintech and crypto firms. This legislative move is driven by the need to streamline the registration process and reduce transaction costs for these companies at this specific moment. If passed, the PACE Act could significantly alter the landscape of digital payments in the U.S., fostering innovation and competition while ensuring consumer protections are maintained.
3 sourcesApr 23Moderate
- Crypto· World
Kraken Files 56 Million Crypto Tax Forms Advocating for Regulatory Reform
Kraken has filed 56 million tax forms for 2025, highlighting the excessive reporting burden on cryptocurrency transactions. The immediate push for a de minimis exemption comes as one-third of these forms report transactions below $1, prompting Kraken to seek relief from Congress. If successful, this could lead to significant changes in U.S. tax regulations for cryptocurrency, easing compliance for users and potentially influencing broader legislative reforms.
3 sourcesApr 23Low
- Crypto· World
US-Iran Ceasefire Extension Drives Bitcoin Prices Near $80,000
On April 22, 2026, U.S. President Donald Trump extended the US-Iran ceasefire indefinitely. This geopolitical de-escalation has reduced tensions in the Middle East, leading to increased risk appetite among investors and a surge in Bitcoin prices. The long-term implication is a potential stabilization of cryptocurrency markets as geopolitical risks diminish and speculative trading increases.
7 sourcesApr 23High
- Crypto· World
US Senate deliberates on CLARITY Act amid industry concerns over crypto market impact
The US Senate is approaching a critical decision regarding the CLARITY Act, with potential markup scheduled for May 11. Industry leaders, including Morgan Creek Capital CEO Mark Yusko, have raised alarms that the bill could exacerbate the ongoing crypto bear market, prompting calls for a delay in discussions. The outcome of this legislation could significantly shape the regulatory landscape for digital assets in the United States.
4 sourcesApr 23High