Articles by Khal
Latest from Khal
-
XRP Ledger Permission Delegation Nears Mainnet Activation
The XRP Ledger's Permission Delegation feature, initially disabled due to a security bug, is advancing toward mainnet activation through the fixCleanup3_2_0 amendment, which has achieved majority support and entered a two-week voting period.
-
Robinhood Chain's Memecoin Boom: 50,000 Tokens, Only 19 Survive
Robinhood Chain created almost 50,000 tokens in a single day across its launchpads, with Pons-generated assets recording over $82 million in daily trading volume. Yet only 19 memecoins have crossed the $1 million mark, signaling a speculative surge that may not sustain.
-
Bitcoin retreats to $64,162 as profit-taking and Iran tensions weigh
Bitcoin retreated to $64,162 from a $65,500 monthly high on Wednesday as traders locked in gains and geopolitical tensions in the Middle East sent crypto lower across the board.
-
Google DeepMind, Isomorphic Labs launch bioresilience AI amid DeSci funding gap
Google DeepMind and Isomorphic Labs announced a joint bioresilience initiative combining AI to defend against biological threats, signaling a widening resource gap between centralized AI-driven biotech and decentralized science efforts in crypto.
-
US Senate Unanimously Opposes Pardon for Sam Bankman-Fried
The U.S. Senate passed a nonbinding resolution declaring that Sam Bankman-Fried should "under no circumstances" receive clemency, though the measure carries no legal force over the president's pardon power.
-
Iran strikes US bases in Kuwait, Jordan; crypto markets spike
Iran's Islamic Revolutionary Guard Corps claimed responsibility for missile and drone strikes on US military installations in Kuwait and Jordan on July 16, marking a major escalation in the Gulf conflict that began in February 2026 and has previously wiped billions from crypto valuations.
-
Senate unanimously opposes clemency for FTX's Sam Bankman-Fried
The US Senate unanimously passed a resolution opposing any federal clemency for Sam Bankman-Fried, the FTX founder convicted of stealing billions from customers. The bipartisan vote signals strong institutional opposition to presidential pardon, though presidents retain constitutional authority to grant clemency regardless of Senate opinion.
-
XRP Ledger hits 8M accounts as daily activity drops to 2026 low
The XRP Ledger reached 8 million activated accounts, but daily active addresses fell to 25,350—a 2026 low—highlighting a gap between cumulative adoption and transactional engagement on the network.
-
South Korea halts new single-stock leveraged ETFs, raises deposit requirements
South Korea's Financial Services Commission temporarily halted expansion of single-stock leveraged ETFs just months after approving them in January 2025, citing extreme volatility in semiconductor-linked products and implementing stricter deposit and education requirements to protect retail investors.
-
Tanzania Central Bank Finalizes Crypto Regulatory Framework
Tanzania's central bank completed a comprehensive study on digital assets and is preparing to finalize a regulatory framework covering cryptocurrencies, stablecoins, and virtual assets, marking a significant shift from the bank's 2019 warnings against crypto trading.
-
Bitcoin wallet dormant since 2017 peak moves $383 million
A bitcoin wallet inactive for eight years transferred 5,908 BTC worth $383 million to a new address on Thursday. The coins landed at an unmarked wallet, not an exchange, meaning no sale has occurred yet.
-
Fidelity boosts gold allocation to 5% of income strategy fund
Fidelity International announced plans to increase gold holdings, allocating approximately 5% of its $3 billion income and growth strategy fund to the precious metal amid geopolitical uncertainty and central bank demand.
-
Bitcoin Rallies to $65,000 on Softer Inflation, Long-Term Holders Sell
Bitcoin bounced to nearly $65,000 this week after U.S. inflation data missed forecasts, but on-chain metrics show two investor groups selling into the rally—long-term holders locking in losses and short-term profit-takers exiting at a $4 million daily pace.
-
Gen.G reshuffles VCT Pacific roster, deepens Theta Labs web3 partnership
Gen.G Esports promoted academy player RaxcaL and signed returning competitor Kim "Efina" Nak-yeon as part of roster changes for Valorant Champions Tour Pacific Stage 2, while expanding its blockchain collaboration with Theta Labs on AI-driven fan engagement tools.
-
UK pound hits one-year high as Mahmood tipped for Chancellor
The British pound climbed to its strongest level against the euro in over a year on July 15, following reports that incoming Prime Minister Andy Burnham plans to appoint Shabana Mahmood as Chancellor of the Exchequer. Currency traders view her as fiscally conservative, though her personal stance on cryptocurrency regulation remains unclear.
-
Canadian dollar hits four-week high as oil prices surge past $75
The Canadian dollar remained near a four-week high against the U.S. dollar, supported by rising oil prices between $75.56 and $79.90 per barrel. As a major oil exporter, Canada benefits from elevated crude levels, though inflation pressures persist amid projections for stabilization by 2027.
-
VCT Pacific Stage 2 opens July 16: Gen.G vs. ZETA DIVISION
VCT Pacific Stage 2 launches July 16 with Gen.G facing ZETA DIVISION in a best-of-three match, marking the start of a seven-week group stage that runs through September 6. Offline play in Korea and regional diversity highlight Riot's commitment to competitive Valorant stability.
-
Mira Murati's Thinking Machines Lab releases 975B-parameter open-weight AI model
Mira Murati's Thinking Machines Lab launched Inkling, a 975-billion-parameter open-weight AI model under Apache 2.0 license on July 15, challenging closed models from OpenAI and Anthropic by enabling enterprise customization and on-premise deployment.
-
Kraken Named Official Crypto Exchange Supporter of 2026 FIFA World Cup
Kraken has secured the Official Crypto Exchange Supporter designation for the 2026 FIFA World Cup, marking a major mainstream push for cryptocurrency. The partnership includes ticket giveaways and fan events across the tournament's 104 matches.
-
House Republicans' $95B budget excludes crypto despite Trump's push
House Republicans released a $95 billion budget resolution on July 15 that funds Pentagon operations, voter registration mandates, and agricultural aid—but contains no crypto provisions, despite President Trump urging Senate action just two days earlier.
-
Financial stocks surge to record as Dow, S&P 500, Nasdaq extend rally
U.S. stocks closed higher for a second consecutive session Wednesday as strong bank earnings and BlackRock's record assets under management lifted financial shares to new highs, while technology and AI stocks provided support despite chipmaker weakness.
-
Bonsai 27B: 27-Billion-Parameter AI Model Runs on iPhone
PrismML released Bonsai 27B, a 27-billion-parameter AI model compressed to 3.9 GB, small enough to run on an iPhone. The model runs at 11 tokens per second on iPhone 17 Pro Max and achieves 94.6% of full-precision performance on reasoning benchmarks.
-
DOJ launches permanent trade fraud unit after $1 billion recovery
The Department of Justice upgraded its trade fraud operation to a permanent unit on July 14, building on a task force that recovered over $1 billion in less than a year. The move signals stricter criminal enforcement of tariff evasion, import misreporting, and supply-chain violations.
-
DTCC Launches Tokenized Stock Pilot With BlackRock, Goldman, JPMorgan
The Depository Trust & Clearing Corporation is testing blockchain-based versions of stocks, ETFs, and U.S. treasuries with nearly 40 financial institutions, targeting a scalable launch in October.