Articles by Khal
Latest from Khal
-
MicroStrategy sells $467M in shares, holds 843,775 BTC
Strategy raised $466.7 million by selling 4.8 million Class A shares between July 6 and 12, boosting its US dollar reserve to $3 billion while maintaining its Bitcoin holdings unchanged at 843,775 BTC.
-
Robinhood Chain hits top-five DEX volume in debut week
Robinhood Chain, an Ethereum layer-2 blockchain launched July 1, generated $3.1 billion in decentralized exchange volume in its first week and attracted 65,000+ users, Bernstein analysts said Monday. The early surge reflects growing interest in tokenized asset infrastructure, though memecoin trading has dominated early activity.
-
MicroStrategy raises $467M via stock sales, holds 843,775 BTC
Michael Saylor's Strategy increased its dollar reserve to $3 billion through an at-the-market equity offering but made no changes to its 843,775 BTC holdings as the price dipped below $63,000.
-
100 Billion SHIB Enters Exchanges as Sellers Maintain Control
Exchange inflows of nearly 100 billion SHIB in 24 hours have intensified selling pressure on the meme coin, which trades near $0.0000042 amid persistent downward momentum and weak buyer conviction.
-
Ripple joins UK Treasury taskforce to tokenize £33B wholesale markets
The UK Treasury has brought Ripple into a 54-firm working group alongside BlackRock and J.P. Morgan to replace legacy settlement systems with blockchain infrastructure, targeting £33 billion in annual economic output by 2035.
-
Russian refinery output hits 20-year low amid Ukraine strikes
Russian refinery operations fell to their lowest levels in over two decades following Ukrainian strikes in June, with crude oil markets now pricing in elevated odds of record-high prices by year-end as OPEC cuts and geopolitical tensions weigh on supply expectations.
-
Strategy raises $467M via share sales, Bitcoin holdings steady
Strategy raised approximately $467 million through share sales between July 6 and July 12, increasing its US dollar reserves to $3 billion while maintaining its Bitcoin treasury at 843,775 BTC.
-
OPEC Raises 2027 Oil Demand Forecast to 1.94M Barrels Per Day
OPEC revised its 2027 global oil demand growth forecast to 1.94 million barrels per day, up from 1.73M bpd, while lowering its 2026 estimate to 780,000 bpd amid short-term economic uncertainties and anticipated rebound driven by China and India growth.
-
UKMTO reports maritime incident near Aden amid Red Sea tensions
A UKMTO-reported maritime incident south of Aden coincided with a shift in prediction-market odds for Red Sea normalization, with December 31 odds declining from 64% to 60.5%, though analysts caution that isolated incidents do not necessarily signal sustained escalation.
-
Ripple CEO: SEC lawsuit nearly forced company shutdown
Ripple CEO Brad Garlinghouse revealed that he and co-founder Chris Larsen seriously considered shutting down the company after the SEC's 2020 lawsuit, which ultimately cost approximately $150 million in legal fees over four years.
-
Bitcoin dips on Iran tensions as spot ETF flows signal institutional demand
Bitcoin fell more than 1% to hover near $63,000 as U.S.-Iran airstrikes sparked risk-off sentiment, though spot bitcoin and ether ETFs just broke eight-week outflow streaks, signaling renewed institutional appetite for crypto.
-
Binance Founder CZ Clears Meme Coin Rumors After $1.6M Spam Token Burn
Changpeng Zhao denied supporting meme coins on BNB Chain, explaining that recent large transfers from his wallet were routine cleanups of spam tokens sent by third-party projects over years.
-
Binance Futures Volume Hits $1.6 Trillion, Highest Level This Year
Binance recorded $1.6 trillion in monthly futures volume, its strongest month this year, as derivatives trading remains robust despite Bitcoin trading in the mid-$60,000 range and cautious market sentiment.
-
Bitcoin, Ethereum retreat on profit-taking and Middle East tensions
Cryptocurrency markets retreated on July 13 as traders locked in gains following a week-long rally, while geopolitical strain between Iran and Israel amplified risk aversion across digital assets.
-
SBI launches JPYSC yen stablecoin lending at 3% yield
SBI VC Trade will open JPYSC lending applications on July 16, offering 3% annual yield for 12 weeks on Japan's native yen stablecoin, though the service carries counterparty risk and falls outside deposit insurance protections.
-
OKX Suspends USDC Deposits, Withdrawals on Solana for Maintenance
OKX announced a temporary suspension of USDC deposit and withdrawal services on the Solana blockchain on July 14 at 14:30 UTC+8 due to scheduled wallet maintenance, though trading services will continue normally during the pause.
-
Structural Trends Are Real—But Valuations Stay Cyclical: AI Chips and Bitcoin
Semiconductors, precious metals, and bitcoin rallied sharply on structural demand narratives, then suffered severe corrections. Institutional capital rotated into AI equities in Q2 2026 while digital assets posted their longest losing streak since 2022, illustrating how powerful trends can still produce speculative excess.
-
XRP ETFs snap two-month inflow streak as Bitcoin, Ethereum surge
US spot XRP exchange-traded funds recorded $7.18 million in net outflows during the week of July 6 to July 10, ending a two-month streak of steady inflows as institutional capital rotated into discounted Bitcoin and Ethereum positions.
-
Inflation data and bank earnings to steer crypto markets this week
June CPI and PPI data arrive Tuesday and Wednesday as crypto markets brace for volatility. Bank earnings and geopolitical tensions could amplify moves in bitcoin and digital assets following Q2's longest losing streak since 2022.
-
European stocks fall as oil prices surge on US-Iran military tensions
European equities declined as crude oil climbed following renewed military exchanges between the US and Iran, raising concerns about disruptions to global energy supply through the Strait of Hormuz.
-
Bitcoin falls below $63,000 after U.S. strikes on Iran
Bitcoin dropped to $62,774 early Monday following U.S. military strikes against Iran, as oil prices surged, yields climbed, and equity futures retreated. Prediction markets now price a 57.5% chance the asset touches $60,000 by month-end.
-
Oil prices surge as Strait of Hormuz traffic plummets amid US-Iran tensions
Brent crude climbed roughly 4% above $74–$76 per barrel after shipping traffic through the Strait of Hormuz fell below 2% of normal levels, with over 150 vessels stranded and forecasts of an oil surplus now at risk.
-
Tom Lee flags ETH/BTC ratio as key signal of crypto revival
Fundstrat co-founder Tom Lee has advised investors to monitor the Ethereum-to-Bitcoin trading pair as a leading indicator for digital asset market health, citing recent shifts in capital flows and altcoin momentum.
-
AI-native workers could drive $262B stablecoin volume by 2033: Swyftx
Australian exchange Swyftx projects that AI-native freelancers and solo workers could settle $262 billion annually in stablecoins by 2033, driven by fee savings and access to traditional banking alternatives.