Aoyon Ashraf

Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.

Aoyon Ashraf

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Finance

Bitcoin Miners Drawing Power From Grids Will Face 'Reckoning' Post Next Halving, MARA Says

With rising energy cost, many miners may not survive the 2028 halving, MARA said.

Marathon Digital CEO Fred Thiel (CoinDesk "First Mover" screenshot)

Markets

Bitcoin, Broader Market Dip After Trump Plans to Impose 25% Tariffs on EU

Bitcoin and S&P 500 both fell to their session low after Trump talked about tariffs at his first cabinet meeting on Wednesday.

FastNews (CoinDesk)

Markets

Strategy Is Down 50% From Its Highs. What Does It Mean for Its $43B Bitcoin Holdings?

Bitcoin's stumble begs the question asked during the last bear market: Is there a point at which Michael Saylor would be forced to liquidate part of the company's near-500,000 BTC stack?

MicroStrategy executive chairman Michael Saylor (CoinDesk archives)

Finance

How to Prepare for a Major Compliance Failure Settlement: The OKX Approach

A confidential crisis management document drafted by OKX offers a fascinating insight into how one exchange choreographs its response when news breaks about regulatory failures.

OKX CMO Haider Rafique with McLaren drivers Lando Norris and Oscar Piastri before the Singapore Grand Prix on September 1, 2024. (Courtesy: McLaren and OKX)

Markets

Bybit Declares ‘War on Lazarus’ as It Crowdsources Effort to Freeze Stolen Funds

The exchange is offering a 5% bounty for submissions that could lead to stolen funds being frozen.

Bybit logo

Markets

GameStop Urged to Convert Its $5B Cash Into Bitcoin by Strive's CEO Matt Cole

GameStop has a unique opportunity to redefine itself as a market leader with its nearly $5 billion cash reserve, the letter said.

(Getty Images)

Policy

U.S. Law Enforcement Seizes $31M in Crypto Tied to Uranium Finance Hack

Hackers made off with approximately $50 million when the automated market maker was exploited in 2021.

SDNY Courthouse 40 Centre Street

Finance

OKX Settles U.S. DOJ Charges, Pays Over $500M Penalty and Forfeiture

An OKX subsidiary said it resolved a U.S. DOJ investigation.

OKCoin, Star Xu

Tech

Ethereum 'Roll Back' Suggestion Has Sparked Criticism. Here's Why It Won't Happen

Call for "roll back" by some, to negate Bybit hack, immediately provoked a fierce reaction from the Ethereum community, which was firm in its belief that it wouldn't happen.

(Jacob Lund/Shutterstock)

Finance

Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

Bybit CEO Ben Zhou (Danny Nelson/ CoinDesk)