Articles by Khal
Latest from Khal
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UK Lawmakers Launch Inquiry Into Crypto Banking Access Barriers
A cross-party parliamentary group is investigating why UK banks block accounts and restrict payments for crypto firms, examining whether the barriers are holding back the sector's growth and regulatory compliance.
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Bitcoin tops $66K as US debt nears $40 trillion threshold
Bitcoin reached $66,190, its highest price since June 17, as US federal debt climbed to $39.489 trillion with only $511 billion remaining before the $40 trillion threshold. The Treasury's August 3 borrowing revision could reshape third-quarter financing expectations.
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Bitcoin ETFs post fifth straight day of inflows, first sustained run since April
U.S. spot bitcoin ETFs attracted $227 million on July 20, marking a fifth consecutive day of inflows—the longest streak since late April. The five-day run has pulled in roughly $727 million, the most sustained buying stretch since record outflows in June.
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Shiba Inu rebounds on seller fatigue as Ethereum tests $1,900 resistance
Shiba Inu rose 1.7% after weeks of decline, trading near $0.0000114, though the recovery appears driven by seller fatigue rather than fresh buying. Ethereum climbed toward $1,870 and is testing its 200-day moving average near $1,936.
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Ethereum Pre-Mine Wallet Holding 2,000 ETH Reactivates After 11 Years
A dormant Ethereum pre-mine address holding 2,000 ETH, worth approximately $3.79 million, was activated after 11 years of inactivity. The revival marks the first dormant pre-mine wallet awakening since June, following earlier reactivations in 2025.
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Russia's Crypto Law Heads to Final Votes Tuesday
Russia's State Duma takes its final two votes on a landmark cryptocurrency bill that would license exchanges, cap retail investors at roughly $3,800 annually, and allow companies to pay foreign partners in Bitcoin and Ethereum to circumvent Western sanctions.
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Red Sea insurance premiums double amid Houthi blockade
War risk insurance premiums for Red Sea shipping have more than doubled in recent days as Iran-backed Houthi rebels intensify attacks on vessels linked to Saudi Arabia and Israel, forcing many shipping companies to reroute around the Cape of Good Hope.
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B HODL Plc's Stock Buybacks Beat Bitcoin Purchases by 24%
B HODL Plc's first week of share repurchases generated 24% more Bitcoin-per-share accretion than buying Bitcoin outright at the same price, highlighting the advantage of buybacks when a treasury trades below its Bitcoin holdings' value.
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Sioux Falls crypto investor indicted on 29 counts in $20M fraud
Benjamin Paul Wiener was indicted on wire fraud, money laundering, and identity theft charges after prosecutors say he used eight entities to move investor funds through crypto exchanges and financial institutions, repaying earlier victims with new money.
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South Korea's CBDC pilot expands to nine banks in September
The Bank of Korea may launch the second phase of Project Hangang in September, expanding its wholesale CBDC pilot to nine banks and testing new payment features including government subsidy disbursements through tokenized deposits.
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Fluidstack raises $830M to convert crypto mining sites into AI data centers
Fluidstack, a UK-founded infrastructure company converting former Bitcoin mining sites into AI data centers, raised $830 million in Series A funding at a $7.5 billion valuation, led by Situational Awareness. The company is building $50 billion of computing infrastructure for Anthropic across the US.
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Solana targets Nakamoto decentralization standard in multi-year roadmap
Solana co-founder Anatoly Yakovenko has unveiled a long-term roadmap to increase the network's Nakamoto coefficient from 20 to a level that makes censorship physically impossible, comparing the multi-year effort to the 12-year American Revolutionary period.
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US Treasury faces refinancing crisis as Fed turns hawkish on rates
The US government faces a refinancing crisis as $39.5 trillion in total debt matures, with roughly 20% due in four months and the Fed signaling higher rates ahead to combat inflation.
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Hyperliquid Opens HIP-4 Prediction Markets to Permissionless Deployers
Hyperliquid announced plans to allow outside builders to launch prediction markets on its HIP-4 infrastructure, requiring deployers to stake 500,000 HYPE tokens and follow validator-approved outcome templates. The feature will debut on testnet before expanding to mainnet.
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Gold holds above $4,000 as tokenized variants cross $3B amid geopolitical strain
Spot gold traded near $4,000 per ounce as US-Iran tensions pushed oil higher and reignited inflation concerns. Tokenized gold products PAXG and XAUT crossed $3 billion in combined market capitalization, tracking physical gold closely during the volatility.
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MicroStrategy Boosts Cash Reserve $225M via MSTR Sale, Bitcoin Holdings Intact
Strategy sold 2.7 million shares of MSTR stock to add $225 million to its cash reserves, bringing the total to $3.2 billion, while keeping its 843,775 Bitcoin holdings intact.
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Exodus cuts 25% of workforce to fund payments platform pivot
Exodus Movement laid off roughly a quarter of its global staff, projecting $10–13 million in annual savings to support its shift toward stablecoin payments infrastructure and card issuance capabilities.
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Nigeria's Tinubu Creates Virtual Asset Council to Regulate Crypto
President Bola Tinubu signed an executive order on July 17 establishing a Virtual Asset Council chaired by the Central Bank of Nigeria to create a unified regulatory framework for the country's 20–25 million crypto users.
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France blocks Polymarket after geofence fails to stop 579K French visitors
France's gambling regulator ordered ISPs to block Polymarket after the platform's transaction restrictions were circumvented, citing Similarweb data showing nearly 579,000 visits from French users in June 2026.
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Allbridge Pauses After $1.65M Flash Loan Attack Drains Solana
Cross-chain bridge Allbridge halted operations after an attacker exploited a flash loan vulnerability to drain approximately $1.65 million from its Solana liquidity pools, marking the second major exploit on the protocol in three years.
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Hut 8 and IREN surge on $12.6B in AI data center contracts
Hut 8 signed a $9.8 billion lease for its Beacon Point campus in Texas while IREN announced $2.8 billion in cloud services contracts, lifting AI compute stocks after weeks of investor skepticism about data center demand.
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Hedge Funds Dump US Tech Stocks at Record Pace in June, Goldman Data Shows
Hedge funds sold US information technology equities at the largest net pace since 2016, with $8.5 billion in total US equity outflows during the week ending June 25, according to Goldman Sachs Prime Services data. Semiconductors accounted for over half the selloff.
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Bitcoin whale exits $122M 40x long on Hyperliquid before liquidation
A major Hyperliquid account closed a 1,897 BTC leveraged position worth $122 million on July 20, exiting just minutes before its $61,605 liquidation price could trigger. The wallet's de-risking signals concentrated trader caution rather than broader market expansion.
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Hyperliquid requires 500K HYPE stake for permissionless prediction markets
Hyperliquid plans to require developers to stake 500,000 HYPE tokens (approximately $30.4 million) to deploy permissionless prediction markets under its HIP-4 proposal, with slashing mechanisms to discourage poorly defined or settled markets.