Articles by Khal
Latest from Khal
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Ethereum Breaks Declining Trendline as XRP Defends $1.00
Ethereum has broken above a declining resistance line that capped recovery since May, now holding above its 50-day EMA at $1,740. XRP continues to defend the $1.00 level despite weeks of selling pressure, while trading volume remains a key metric for confirming the broader market recovery.
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San Francisco protesters demand AI development pause from OpenAI, Anthropic, DeepMind
About 200 protesters marched through San Francisco on Saturday, calling on leading AI companies to halt development of more powerful models over concerns about AI safety, jobs, and the environment.
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US deficit hits $1.37 trillion in fiscal 2026 amid spending surge
The US federal government collected $4.15 trillion but spent $5.52 trillion through nine months of fiscal 2026, creating a $1.37 trillion deficit. Revenue grew 4% year-over-year, yet spending outpaced it, pressuring Treasury yields and potentially weakening the dollar.
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Anthropic: Claude's personality shifts across models and languages
Anthropic analyzed 309,815 user conversations and found Claude expresses different values depending on which model version users interact with and what language they speak, though the company says this doesn't mean Claude itself has values.
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Binance.US CEO targets 20% market share as exchange exits regulatory hibernation
Binance.US CEO Stephen Gregory says the exchange is rebuilding after two years of regulatory headwinds, betting on lower fees and expanded products to compete with Coinbase and Kraken for U.S. customers.
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Franklin CIO: Institutional crypto adoption accelerates amid price-fundamentals gap
Seth Ginns, Franklin's crypto chief investment officer, says institutional capital is flowing into digital assets even as prices lag behind record trading volumes and improving market structure.
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Ripple Funds $250K Grant Program for Veteran-Owned Businesses
Hire Heroes USA announced the first 25 recipients of Ripple's Certified Veteran Employer Grants Program, awarding $10,000 to each veteran- and military spouse-owned business as part of the company's broader philanthropic effort.
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Gondor launches cross margin borrowing for Polymarket
Gondor unveiled V1, a cross margin account that lets Polymarket traders borrow against their entire portfolios without surrendering custody. The product enters private access next week before public launch in September.
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TeraWulf CEO: Power Quality, Not Land, Constrains AI Infrastructure
TeraWulf CEO Paul Prager says the company's $19 billion, 20-year AI hosting deal with Anthropic validates its pivot from Bitcoin mining to vertically integrated AI data centers, where power quality—not acreage—is the limiting factor.
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Meta and Amazon plan $725B capex for 2026 as Big Tech spending surges
Meta and Amazon are planning combined capital expenditures of $725 billion for 2026, part of a broader surge in Big Tech infrastructure investment driven by AI infrastructure costs. Morgan Stanley projects total U.S. hyperscaler capex could reach $805 billion in 2026.
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Crypto exchanges surge as Wall Street distribution channel for tokenized stocks
Tokenized assets became the most-listed category on major crypto exchanges in early 2026, jumping from under 7% of listings in 2025 to nearly one in five new tokens. Trading volume in real-world asset derivatives hit record levels as retail equity purchases collapsed.
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Robinhood Chain tokens vanish from wallets after purchase, Relay reports scam wave
Buyers on Robinhood Chain lost funds when tokens they purchased disappeared from wallets, according to Relay. The incidents were not private-key compromises. Relay is blocking suspicious tokens and verifying safe assets as the Layer 2 network sees increased scam activity.
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Oil prices surge 6% after Houthi attack on Saudi airport
WTI and Brent crude oil prices jumped sharply intraday after reports of a Houthi attack on a Saudi airport, with Brent trading above $78 per barrel and WTI reaching $73.11–$73.26. The strike elevated concerns about potential disruptions to global oil supply in a region critical to energy production.
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Bonzo Lend exploited for $9M via oracle signature flaw on Hedera
A wallet exploited a flaw in Bonzo Lend's price oracle verifier, submitting a signature with zero values that the system mistakenly validated. The exploit allowed $9.05 million in unauthorized borrowing against 250 SAUCE tokens worth only a few dollars, forcing the protocol to pause all withdrawals.
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Hyundai settles $20K cross-border transfer with USDT on Avalanche
Hyundai Motor's US and Mexican units settled a $20,000 cross-border treasury transfer using Tether's USDT stablecoin in seven minutes on Avalanche, demonstrating enterprise adoption of stablecoin-based payments as an alternative to traditional banking.
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Coinbase Derivatives hits $4.75B daily volume after Deribit integration
Coinbase Derivatives and Deribit posted combined $4.75 billion in daily trading volume and $28.9 billion in open interest, establishing the platform as crypto's dominant derivatives venue following the August 2025 acquisition.
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Solana drops below $76 as $253M liquidation meets geopolitical pressure
Solana fell below $76 after a $253 million liquidation event driven by long positions, coinciding with fresh geopolitical tensions that amplified market volatility and reversed prior rally momentum.
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SBI Holdings and SMFG partner with Solana to tokenize Japan's real-world assets
SBI Holdings and Sumitomo Mitsui Financial Group announced a strategic partnership with the Solana Foundation to build a regulated Web3 hub in Japan, focusing on tokenizing real-world assets including the yen-backed JPYSC stablecoin and enabling cross-border micropayments between AI agents.
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Stablecoin transaction volume hits record $1.79T as supply shrinks
Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, up 63% from May, while the total stablecoin supply contracted by $7.7 billion—the largest monthly decline since Terra's 2022 collapse.
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Coinbase Ventures leads crypto VC funding in H1 2026 despite downturn
Coinbase Ventures topped crypto-focused venture capital firms with 30 deals in the first half of 2026, even as total cryptocurrency funding plummeted 63% and the number of unique investors shrank significantly.
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Bank of Thailand Screens USDT Trades in Grey Economy Crackdown
Thailand's central bank is screening large stablecoin transactions, particularly USDT, to detect attempts to sidestep banking disclosure rules. The findings are being handed to the Securities and Exchange Commission, which regulates digital assets, as part of a broader campaign against the "grey economy."
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UK Treasury Report Names Ripple for Wholesale Tokenization Push
A Treasury-backed report authored by Chris Woolard names Ripple as a credentialed firm central to the UK's plan to move repo, gilts, and funds onchain within 12 months, proposing a hybrid model combining permissionless and permissioned networks.
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Cardano Van Rossem Hard Fork Clears Voting Thresholds for July Ratification
Cardano's van Rossem hard fork to Protocol Version 11 is on track for ratification as DRep and SPO voting thresholds clear and the Hard Fork Working Group formally recommends approval. The upgrade can ratify on July 8, 13, or 18.
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Tether mobilizes $20B gold reserve for crypto lending via XUAT
Tether, the world's largest stablecoin issuer, is mobilizing its roughly $20 billion physical gold position—154 metric tons—as collateral for tokenized lending via its XAUT gold token and a new partnership with Ledn starting later in 2026.