📢 New Listing on Quan2um: Fetch.ai (FET)

FET is now available on Quan2um — the native token of the Fetch.ai ecosystem, focused on artificial intelligence, autonomous agents, and next-generation Web3 solutions.

💼 Now live on Quan2um:

✅ Spot trading is open
✅ Fast deposits & withdrawals
✅ Everything is ready to use

More interesting tokens will be added soon, ان شاء لله. Stay tuned for updates. 🚀

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✍️Q&A: Are Referral Programs Halal? A Shariah Perspective on Commission-Based Rewards

🗣️Q: "Are referral programs halal? Specifically, those that promise me a share of the commission from transactions made by users who registered via a referral link I sent them?"

🖋Quan2um Shariah Advisor Ibrahim ibn Muhammad:

Referral programs are permissible in Sharīʿah in principle, as they are generally treated as a commission or reward for a service. When a person introduces new users to a platform and receives a portion of the platform’s transaction fees, this is considered payment for facilitating business (ujrah or juʿālah), not interest (ribā).

However, three conditions must be adhered to: a. the referral must be for shariah compliant activities only. b. Referral programs must be transparent in their returns. c. They should not involve deception, misrepresentation, or encouraging others to engage in non-Sharīʿah-compliant activities.

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📢New Listing on Quan2um: Arkham (ARKM)

ARKM is now available on Quan2um — the native token of the Arkham ecosystem, focused on blockchain analytics and on-chain transparency.

💼 Now live on Quan2um:

✅ Spot trading is open
✅ Fast deposits & withdrawals
✅ Everything is ready to use

More interesting tokens will be added soon, ان شاء لله. Stay tuned for updates. 🚀

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📉 Structural Weakness Still Dominates the Market

Bitcoin remains in a defensive posture, trading within the $60,000–$72,000 range. Every recovery attempt runs into overhead supply from previously accumulated positions at higher levels.

🔍 Current pressure signals:

• Continued capital outflows from storage vehicles and funds
• Spot demand is reactive rather than proactive — buyers step in mainly on dips
• Noticeable slowdown in futures market activity

📊 What this means:
Demand is present, but it lacks depth. Any upside move is quickly met with selling from existing supply above.

Unless we see a meaningful, structural inflow of capital, the market is likely to remain range-bound and under pressure.

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🕌 Reminder: Today is Friday — the most blessed day of the week.
It’s a time to pause, reflect on the eternal, and draw closer to Allah.

Here are a few things to focus on today:

🕋 Attend Jumu’ah prayer — don’t miss this opportunity if you’re able.

📖 Read Surah Al-Kahf — by the mercy of Allah, it brings light into our lives and protects us from trials.

🤲 Make plenty of dhikr, especially sending salawat upon the Prophet ﷺ.

🕰 Don’t forget du‘a — there is a special hour on Friday when Allah answers prayers, in shaa Allah.

The Prophet ﷺ said:
“There is a moment on Friday during which, if a Muslim asks Allah for something good, He will surely grant it to him.”
(Sahih al-Bukhari & Sahih Muslim)

🌙May this day fill your heart with light, bring barakah into your life, and peace to your family.

✍️Q&A: Is a “Risk-Free Return” Automatically Haram?

🗣️Q: Is a product promising "risk-free income" automatically haram, or are there exceptions?

🖋Quan2um Shariah Advisor Habib Aman:

As a general rule, a promise of ‘risk-free income’ is automatically haram.
Shariah permits profit only when it is accompanied by real risk, effort, or liability, as expressed in the established legal maxims:

⚪️ al-ghunm bi al-ghurm — gain is justified only by bearing risk,
⚪️ al-kharāj bi al-ḍamān — entitlement to return follows liability.
⚪️ Ribhu maa lam yadhman — Earning profit without bearing risk or liability is not permitted in Islam.”

A guaranteed return that is independent of performance or risk is a defining characteristic of riba, even if it is described using alternative terminology such as “yield,” “reward,” or “income.” Islamic law looks at substance over form, and re-labeling does not change the ruling.

There are no general commercial exceptions to this principle in Islamic finance. Any product that guarantees income without exposure to loss or uncertainty is impermissible.

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🌙 Ramadan is just around the corner 🌙

Ramadan is almost here. It’s not just a month of fasting — it’s a chance to reset yourself. And there’s no guarantee any of us will see the next one.

Now is the time to check your intention. Are you just going to fast — or are you truly trying to grow closer to Allah? To clean your heart, fix your mistakes, let go of what weighs you down, and strengthen what really matters.

💭 Start preparing from today. A little more discipline. More prayer. A few pages of Qur’an each day. Don’t enter Ramadan from zero — enter it with a heart that’s already awake.

May Allah allow us to reach it, live it sincerely, and accept our efforts. Ameen. 🤲

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🟠 How Crypto Prices Actually Form

A former listing manager at Binance, who participated in launching dozens of tokens and evaluating thousands of projects, described the crypto market as operating under a completely different pricing logic.

🗣 According to him, price in crypto isn’t primarily driven by financial statements or company earnings. Instead, three factors matter most:

➡️ Liquidity — Is there real capital capable of moving the price?
➡️ Attention — How much interest, discussion, and traffic does the project generate?
➡️ Tokenomics — How tokens are distributed and when unlocks are scheduled.

He emphasized that the period before and immediately after a listing is especially sensitive. At that stage, the full supply structure is often not fully transparent, early investors may hold significant allocations, and future unlocks are frequently underestimated. Elevated attention and trading volume can temporarily shape price action on their own.

He also noted that in crypto, information itself becomes a market driver:
🟠 news attracts attention,
🟠 attention generates volume,
🟠 and volume moves price.

The crypto market runs on its own mechanics. Understanding those mechanics matters far more than trying to apply traditional valuation models.

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📊 Market Brief — February 16

The market pulled back after attempting to extend Friday’s rally following softer-than-expected U.S. inflation data. Bitcoin tested the $71,000 resistance zone but failed to hold above it. With a U.S. holiday reducing liquidity and Lunar New Year celebrations underway in China, profit-taking pushed BTC back below $69,000.

For now, price action has shifted into consolidation. The pullback remains controlled — no signs of panic, just positioning adjustments.

Ethereum mirrored Bitcoin’s move: a breakout above $2,000, a push toward $2,100, and then a retrace back to $1,965. The $2,000 level remains psychologically important. Without stronger spot demand, sustained upside will be difficult.

Among majors, DOGE saw the sharpest decline with double-digit losses, while XRP is down around 5%. The spike in long liquidations suggests the market is still flushing excess leverage. Bitcoin’s basis has normalized, signaling reduced risk appetite and a shift toward caution.

Looking ahead, markets are focused on upcoming U.S. GDP and PCE inflation data later this week. With liquidity thinner than usual, volatility could increase.

Technically, the broader structure isn’t broken. A confirmed move above $72,000 would open the door toward $80,000 — but that scenario requires real spot inflows, not just derivatives-driven momentum.

Bottom line: The market is cooling and rebalancing. There’s no structural breakdown, but there’s no clear growth catalyst either. Discipline and risk management matter most in this phase.

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✍️Q&A: Is It Permissible to Accept Payment Made with “Interest Money”?

🗣️Q: If someone pays with “interest money,” (money ) is accepting it haram?

🖋Quan2um Shariah Advisor Ibrahim ibn Muhammad:

The fuqahāʾ hold the principle of " النقود لا تتعيّن بالتعيين ", which means that money is not fixed by designation. For example, if a buyer pays for a product with "interest money" (funds received as a result of interest accrual on a deposit), it is still permissible for the seller to accept that payment.

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📊 Crypto Market Update — February 17

The market remains range-bound with no decisive breakout.

Bitcoin is still trading below $69K, sweeping liquidity on both sides of the recent $68K–$69K range before settling back into equilibrium. The structure is neutral for now.

A sustained move above $71K–$71.5K would open the door for a stronger recovery attempt.
A loss of $65K would likely shift momentum to the downside and increase the probability of a deeper correction.

U.S. liquidity returns today as markets reopen. The key macro catalysts this week will be GDP and PCE inflation data.

Ethereum is showing slightly better relative strength. It made another attempt to reclaim $2,000 but hasn’t secured a clean breakout yet. The psychological level remains in play.

Altcoins are mixed: BNB and TRX are modestly green, while DOGE continues to lag.

Liquidations have cooled, suggesting leverage is being flushed gradually. On-chain data shows short-term holders back in slight profit (SOPR > 1), but MVRV remains below historical norms — meaning relief rallies may still face selling pressure from participants looking to exit at breakeven.

The key demand zone sits around $65K.
A breakdown below that level could expose the $54K area.

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Belarus Just Legalized Crypto Salaries

Self-employed workers in Belarus can now officially get paid in cryptocurrency.

🗣️What this means:

▪️ Freelancers can legally accept crypto from foreign clients
▪️ Payments will go through licensed crypto banks
▪️ Taxes can be paid on crypto income
▪️ Crypto bank cards can be used in stores with automatic fiat conversion

In short, crypto is being plugged directly into the country’s formal financial system.

While some governments are still debating regulation, others are quietly putting it into practice.

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🔐Russia May Restrict Access to Foreign Crypto Exchanges by Summer 2026

Russia is reportedly preparing new crypto regulations that could limit public access to foreign cryptocurrency exchanges not registered in the country starting in summer 2026. The move is aimed at redirecting trading activity to regulated domestic platforms and reducing capital outflows.

Officials estimate that Russian users pay up to $15 billion in annual fees to global exchanges, with most trading volume taking place on offshore platforms. By tightening access, authorities hope to keep more commission revenue within the local financial system and strengthen oversight of digital asset flows.

Analysts note that a full block would be technically difficult to enforce, as users could still rely on VPNs, P2P trading, and decentralized platforms to bypass restrictions.

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💥 Top Crypto & Macro Headlines Today:

🔸 The White House took a leading role in today’s stablecoin meeting, with discussions shifting from idle balance yields toward reward models tied to actual user activity.

🔹 Nvidia is reportedly close to finalizing a roughly $30B investment round into OpenAI, reshaping last year’s larger funding commitments, according to FT.

🔸 Donald Trump stated that housing affordability pressures are easing, saying prices and inflation are “cooling down” after a period of elevated costs.

🔹 SEC Chair Paul Atkins is expected to fast-track approvals for certain crypto-related products and may temporarily allow trading of selected tokenized securities while long-term rules are being developed.

🔸 Coinbase is rolling out a feature allowing Coinbase One members to earn up to 3.5% on $USDC, with weekly rewards paid in either $BTC or $USDC.

🔹 Ripple CEO Brad Garlinghouse said there is now a high likelihood that a comprehensive crypto clarity bill could be passed in the coming months.

🔸 Mexican billionaire Ricardo Salinas claims he was defrauded in a $150M loan deal backed by shares, tied to a $400M Bitcoin-related position.

🔹 Société Générale has expanded its euro stablecoin, EUR CoinVertible, to the XRP Ledger, signaling deeper institutional integration into blockchain infrastructure.

🔸 SEC Chair Paul Atkins also noted that regulators should avoid overreacting to crypto market downturns, emphasizing a more measured approach to volatility.

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✍️Q&A: Credit card and “grace period“ — Halal?

🗣️Q: “I use a credit card of a regular bank (there’re no islamic banks in my country), but I always repay the full balance within the grace period, so I never pay interest. Is that actually permissible, or is still problematic from a Shariah perspective?”

🖋Quan2um Shariah Advisor Ibrahim ibn Muhammad:

The primary concern with conventional credit cards from a Shariah perspective is the presence of an interest (riba) clause in the contract. If interest is actually incurred through late payment, it is clearly impermissible.
However, a number of contemporary scholars have allowed their use where no Islamic alternative exists, provided the cardholder consistently settles the full balance within the grace period so that no interest arises in practice. Others remain cautious because the contract itself includes a riba contingency, even if it is never activated.

Accordingly, if a person has no realistic Shariah-compliant banking option and is confident they will always repay on time [...] some scholars permit such use as a practical concession rather than an ideal arrangement. Nevertheless, avoiding interest-based facilities altogether remains preferable where possible, and care should be taken never to incur late payment interest or other interest-bearing charges.

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📉 Crypto Market Suffers a Historic Sell-Off

In October, the cryptocurrency market experienced one of the sharpest downturns in recent years. The sell-off broke the broader structural uptrend and significantly weakened investor sentiment.

The market has now given back nearly all of the gains that began after the November 2024 U.S. elections. The Total3 Market Cap index — which tracks the crypto market excluding Bitcoin and Ethereum — surged more than 91% following the election results, rising from around $600 billion to approximately $1.16 trillion by December 2024.

After that rally, volatility returned. Market capitalization dropped to roughly $900 billion and continued to fluctuate into January 2025. On January 18 — two days before Donald Trump’s inauguration — Total3 briefly climbed back to $1.13 trillion.

For most of 2025, the market traded in a broad sideways range. In October 2025, Total3 reached a new high near $1.19 trillion. However, just days later, a historic crash unfolded, breaking the long-standing bullish structure of the crypto sector.

As of now, Total3 stands at approximately $713 billion — roughly the same level seen on November 10, 2024. The market has declined about 40% from its October 2025 peak, and there are currently no clear signs of a sustained recovery.

In effect, nearly the entire post-election rally has been erased, bringing the market back to early-cycle levels.

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🌙 Narrated by Salman al-Farsi (may Allah be pleased with him):

The Messenger of Allah ﷺ said:

“Whoever feeds a fasting person in Ramadan from lawful earnings will be blessed by the angels every night of Ramadan. And Jibril will greet him on the Night of Decree. And whoever is greeted by Jibril — his heart will be softened, and his tears will increase.”

A man asked, “O Messenger of Allah, what if I cannot find enough to give?”

He ﷺ replied, “Then a handful of food.”

“And if not even that?”

“Then a piece of bread.”

“And if not that?”

“Then some milk.”

“And if not that?”

“Then at least a sip of water.”

وابن حبان في المجروحين (٢٤٧/١)

🗓 Weekly Crypto Market Summary

The week unfolded under pressure from external macro factors. On the evening of February 22, Bitcoin (BTC) dropped quickly from around $67,600 to approximately $64,700. Within about an hour, nearly $360 million in long positions were liquidated, accelerating the move lower.

Ethereum (ETH), XRP, and Solana posted deeper declines. Spot Bitcoin ETFs recorded their fifth consecutive week of outflows, while trading volumes remained below prior levels.

The backdrop included weak U.S. housing data, renewed trade rhetoric, and expectations of further monetary tightening from the Bank of Japan. The market continues to respond primarily to global liquidity conditions and capital flows.

At the same time, the broader strategic narrative remains intact. Strategy is approaching its 100th Bitcoin purchase, Missouri lawmakers are advancing a bill to establish a strategic Bitcoin reserve, and Vitalik Buterin has proposed a transaction simulation mechanism aimed at improving operational security.

The key level for BTC remains $60,000. A move back above the $66,000–$70,000 range would improve the short-term structure.

The takeaway from the week: short-term volatility has intensified amid tighter liquidity conditions, but the longer-term industry trajectory remains unchanged.

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