Articles by Khal
Latest from Khal
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California Billionaire Tax Heads to November 2026 Ballot at 31% Win Odds
California's proposed one-time 5% wealth tax on billionaires will appear on the November 2026 ballot, with prediction markets pricing the measure at a 31% chance of passing. The tax targets roughly 200 to 255 state residents and could generate $100 billion in revenue.
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Netflix shares fall 11% after Q2 revenue miss and weak Q3 guidance
Netflix stock dropped 11% at market open after reporting Q2 revenue of $12.56 billion that missed consensus estimates and providing Q3 guidance of $12.86 billion below Wall Street's $13 billion expectation.
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Mini PCs Can Now Run Bitcoin Full Nodes, Verify Every Transaction Since 2009
Affordable mini PC hardware has lowered the barrier to running Bitcoin full nodes, letting individuals independently verify the entire transaction history since the genesis block without relying on third parties.
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Supreme Court shields Fed from removal while stripping other agencies' protections
On June 29, the Supreme Court ruled the president cannot remove Federal Reserve Governor Lisa Cook without cause, but issued a separate decision dismantling for-cause protections for most other independent agencies—reshaping regulatory authority over crypto markets.
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Injective files SEC transfer agent registration for blockchain securities
Injective submitted a transfer agent registration filing with the SEC on July 16, 2026, aiming to move securities ownership record-keeping onto blockchain infrastructure while maintaining regulatory compliance for tokenized real-world assets.
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Kalshi prices 31% odds for CLARITY Act crypto legislation by December 2026
Prediction market traders on Kalshi have priced the odds of comprehensive U.S. crypto legislation passing by December 2026 at roughly 31%, down from 45% earlier this year, signaling waning confidence in the CLARITY Act's Senate passage.
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Three Men Jailed for £4M UK Crypto Fraud Posing as Police
A London gang impersonated police officers to steal £4 million in cryptocurrency from eight victims, then spent proceeds on Rolexes, luxury holidays, and designer goods. All three were sentenced at Southwark Crown Court on Thursday.
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US import prices rise 0.3%, Chinese costs hit highest since 2008
US import prices climbed 0.3% in June 2026, but Chinese import costs jumped 0.9%—the largest monthly surge since January 2008—complicating inflation expectations and potentially delaying Fed rate cuts.
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T. Rowe Price launches actively managed crypto basket ETF
T. Rowe Price, which manages $1.89 trillion, has launched TKNZ, a spot crypto ETP on NYSE Arca. The move tests whether institutional investors will embrace diversified crypto baskets, a category that has underperformed single-asset ETFs by a wide margin.
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Robinhood holds 39.27T SHIB, but burn address dwarfs all holders
Robinhood ranks as the largest active holder of Shiba Inu with 39.27 trillion SHIB, worth $161.8 million. Yet the token's burn address—a wallet with no private key—holds 41% of supply, far exceeding any individual or institutional position.
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XRP Ledger Surpasses 140,000 Active Users Amid Price Consolidation
The XRP Ledger recovered to 141,800 active addresses after a mid-July decline, signaling sustained network health despite XRP trading near $1.08 with mixed technical signals.
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Shiba Inu Exchange Netflow Falls 3% as Token Declines Amid Market Weakness
Shiba Inu's exchange netflow fell approximately 3% to 38.6 billion tokens over the last 24 hours as the token traded lower alongside Bitcoin and XRP, reflecting increased selling pressure amid broader crypto market weakness.
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Suno Raises $400M at $5.4B Valuation Amid Copyright Lawsuits
Suno closed a $400 million funding round at a $5.4 billion valuation as Sony and UMG expanded their copyright lawsuit to cover 61,000 additional recordings. The Cambridge-based AI music platform now has roughly 2 million paying subscribers and $300 million in annual recurring revenue.
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Bitcoin's $69K Test Could Push XRP to $1.26, Analysts Say
Glassnode identified Bitcoin's short-term holder cost basis near $69,000 as a critical recovery test that could reshape altcoin valuations. If Bitcoin holds that level with XRP's ratio to Bitcoin restored, XRP could reach $1.26.
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Across Protocol Confirms Solana Bridge Attack; User Funds Safe
Across Protocol disclosed an attack on its Solana bridge deployment on July 17, disabling deposits as a precaution while confirming user funds were not affected. The protocol has processed over $35 billion in volume without prior exploits.
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Bitcoin Tests $63K as Long-Term Holders Exit at Losses
Bitcoin fell below $63,000 as more than 65% of coins entering exchanges came from long-term holders realizing losses, signaling a broader risk-off environment rather than crypto-specific weakness.
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Bitcoin slips to $63,000 as chipmaker selloff drags risk assets lower
Bitcoin fell to $63,000 on Friday as a deepening selloff in semiconductor stocks pulled risk assets lower, reversing gains from earlier in the week tied to softer inflation data.
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Dogecoin Contributor Rejects Ownership Claims, Reaffirms Decentralized Nature
Dogecoin contributor Mishaboar reminded the community that no entity, fund, or enterprise owns or officially represents Dogecoin, emphasizing its permissionless and decentralized nature.
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Japan Considers Bitcoin ETF Pathway as Institutional Demand Grows
Japan is considering regulatory reforms that could allow Bitcoin exchange-traded funds, potentially marking a major shift toward institutional participation in its cryptocurrency market following the success of U.S. spot Bitcoin ETFs.
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Bitcoin Japan Corp raises $60M, allocates $4M for Bitcoin
Bitcoin Japan Corporation announced a $60 million fundraise through convertible bonds and stock acquisition rights, with roughly $4.08 million allocated specifically for Bitcoin treasury purchases as Japan's corporate crypto adoption accelerates.
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Citadel Securities invests $400M in Crypto.com at $20B valuation
Citadel Securities, the market maker founded by Ken Griffin, has invested $400 million in Crypto.com at a $20 billion valuation, marking the exchange's first institutional funding round and deepening Wall Street's push into crypto infrastructure.
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Bitcoin drops below $63,000 amid AI selloff and Middle East tensions
Bitcoin fell below $63,000 on Friday amid a broader risk-off wave driven by a tech stock selloff across North America and Asia, plus mounting Middle East tensions. The crypto market shed $43 billion in capitalization while technical indicators flashed oversold signals.
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South Dakota crypto investor indicted on $20M fraud, money laundering charges
Federal prosecutors charged Benjamin Paul Wiener, 43, with wire fraud, money laundering, bank fraud and identity theft over an alleged $20 million investment scheme that used new investor funds to repay earlier participants.
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Argentine judge freezes 25 wallets in LIBRA memecoin fraud probe
A federal judge in Argentina has ordered the identification and freezing of 25 cryptocurrency wallets linked to the LIBRA memecoin scandal, which collapsed after being publicly promoted by President Javier Milei. Investigators estimate losses exceed $250 million.