Articles by Khal
Latest from Khal
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SharpLink pulls 499 ETH from staking, total holdings reach 887,673
SharpLink, a Nasdaq-listed Ethereum treasury company, generated 499 ETH from staking rewards this week and now holds 887,673 ETH, ranking as the second-largest public Ethereum holder behind Bitmine Immersion Technologies.
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Ripple Burns 10M RLUSD, Cutting Supply 20% Since May Peak
Ripple burned 10 million RLUSD tokens this week, continuing aggressive treasury reductions that have shrunk the stablecoin's circulating supply by roughly 20% from its late-May peak of $1.9 billion. The current market cap stands at $1.52 billion.
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US and UK align on stablecoin rules in 10-point regulatory roadmap
The US Treasury and UK HM Treasury released a joint 10-point roadmap on July 14, establishing aligned regulatory standards for stablecoins and tokenized assets. The framework mandates 1:1 reserve backing and monthly public disclosures, with the US GENIUS Act taking full effect in early 2027.
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DeepMind CEO: AGI Will Reshape Civilization Like Electricity or Fire
Google DeepMind CEO Demis Hassabis predicts artificial general intelligence will arrive within years and proposes a U.S. standards body to test frontier AI models before release, citing risks to national security and humanity.
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Fed Chair Warsh: No Crypto Bailouts During Financial Crisis
Federal Reserve Chair Kevin Warsh stated the Fed has no intention of bailing out cryptocurrency firms during financial crises, emphasizing the central bank's focus on preventing systemic risks rather than providing post-crisis rescues.
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Argentina $ARG fan token surges ahead of 2026 World Cup semifinal
The 2026 World Cup semifinal between England and Argentina is driving trading activity in the Argentine Football Association Fan Token ($ARG), with volumes spiking in the days before the July 15 match. Thin liquidity and post-game corrections present risks for traders.
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SK Hynix ADR trades 25.6% premium to Korean shares after $26.5B Nasdaq listing
SK Hynix completed the largest foreign ADR offering in history, raising $26.5 billion on Nasdaq at $149 per share. The ADRs surged 14% on day one and now trade at a significant premium to Korean-listed shares, reflecting US institutional demand for AI infrastructure exposure but creating arbitrage risk if the gap narrows.
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Clarity Act is sanctions-enforcement tool, not loophole: TRM Labs
Ari Redbord, Global Head of Policy at TRM Labs, argues the Digital Asset Market Clarity Act contains robust anti-money laundering and sanctions provisions, directly countering Senator Elizabeth Warren's assertion that it enables evasion.
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U.S. and UK align tokenization rules for cross-border digital assets
The U.S. Department of the Treasury and HM Treasury released a joint roadmap Tuesday to reduce regulatory friction for tokenized securities, stablecoins, and digital assets between the world's two largest financial centers.
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US gasoline prices rise for first time since May as Iran ceasefire collapses
US gasoline prices posted their first weekly increase since May following the collapse of a ceasefire between the US and Iran, reigniting oil market volatility and reviving inflation concerns for crypto markets.
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Interactive Brokers adds stablecoin withdrawals and nine crypto tokens
Interactive Brokers expanded its crypto platform with stablecoin withdrawals through USDC, PayPal USD, and Ripple USD, plus nine additional tokens including Aave, Aptos, and Uniswap. The broker now lists 20 crypto assets and processes stablecoin transactions around the clock.
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Switch targets $80B IPO valuation amid data center demand surge
Las Vegas-based data center operator Switch is preparing for an IPO that could value the company at up to $80 billion, marking a dramatic 20x increase from its 2017 public debut. The company is simultaneously raising $2 billion in private funding at a $50 billion valuation and has already pulled in $20 billion in debt since 2024.
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XRP holders face 107% climb to break even above $2.22
XRP holders who bought 6–12 months ago face a 107% climb to break even, with the 6–12-month cohort holding a $2.22 average cost basis against the token's $1.08 price on July 14, according to Glassnode data.
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Ripple Joins Linux Foundation's x402 Initiative for AI Payments
Ripple has become a premier member of the Linux Foundation's newly launched x402 Foundation, integrating XRP and RLUSD into an open-source payment standard designed for autonomous AI transactions.
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MicroStrategy's Saylor Pitches 'Digital Credit' Strategy Amid Bitcoin Loss
Michael Saylor released a new presentation positioning Strategy as a "digital credit" factory, offering preferred shares and bonds yielding 13.79% to 16.69%—well above traditional government bonds—amid criticism over a $218 million Bitcoin forced sale and a $9.89 billion unrealized loss.
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US CPI Drops 0.4% in June, Triggering $134M Crypto Short Liquidations
A surprise monthly decline in US inflation sparked the largest single-hour short squeeze in crypto markets, liquidating $134.90 million in bearish positions and wiping out 89,498 traders across 24 hours with total losses of $413.37 million.
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Coinbase reportedly opens account registration for mainland China users
Coinbase has reportedly begun allowing mainland Chinese residents to register accounts using national IDs and domestic addresses, marking a potential shift in how the exchange operates under China's strict 2021 crypto ban. The company has not publicly confirmed the development.
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JPMorgan warns Hyperliquid deal threatens Circle's USDC economics
JPMorgan lowered forecasts for Circle and Coinbase, warning that their revised Hyperliquid agreement creates a "prisoner's dilemma" that pressures stablecoin revenue and incentivizes competition between the two partners.
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Nous Research raises $75M at $1.5B valuation with Robot Ventures
Nous Research secured $75 million in funding at a $1.5 billion valuation, with Robot Ventures leading the round. The AI infrastructure startup, founded by researchers cited by Meta and DeepSeek, builds open-source language models and locally-run AI agents.
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Polymarket prices 21% odds for U.S.-Iran peace talks by July 31
Prediction market participants estimate just a 21% probability that U.S.-Iran peace talks will occur by July 31, even as a 60-day negotiation window remains open under the Islamabad Memorandum of Understanding.
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Citigroup Q2 2025: $5.9B markets revenue, crypto custody launch planned
Citigroup reported $5.9 billion in markets revenue for Q2 2025, up 16% year-over-year, marking its strongest second quarter since 2020. The bank announced plans to launch crypto custody services in 2026 and is advancing tokenization infrastructure for institutional clients.
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June CPI eases to 3.8%, S&P 500 rallies as Fed rate hike odds drop
June CPI data showing inflation moderation to 3.8% year-over-year sparked a market rally, with the S&P 500 rising 0.42% and Federal Reserve rate hike odds declining sharply across multiple meeting dates.
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MicroStrategy's Bitcoin bet: Can Saylor escape dot-com crash history?
Michael Saylor's MicroStrategy was decimated during the 2000 dot-com bust, losing $6 billion in a day. Now, as the world's largest corporate Bitcoin holder with 843,775 BTC, Saylor faces new questions about whether his all-in bet on crypto repeats history.
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U.S. June CPI fell 0.4%, cooling Fed rate-hike expectations
U.S. Consumer Price Index declined 0.4% in June, significantly softer than economist forecasts, likely pushing pause on Federal Reserve rate-hike expectations that had climbed to 42% probability for July.