Articles by Khal
Latest from Khal
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Bitcoin holds $63,800 as geopolitical crisis roils gold, oil, stocks
Bitcoin remained flat while gold, oil, stocks and bonds all moved sharply on the U.S.'s fourth round of strikes on Iran in a week, signaling a decoupling from traditional war-sensitive assets.
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US Treasury two-year yield hits 18-month high on Iran tensions, oil surge
The U.S. Treasury two-year yield surged to 4.21%, its highest since November 2024, as geopolitical tensions and rising oil prices fuel market speculation that the Federal Reserve may tighten monetary policy to combat inflation.
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Bitcoin stabilizes above $64,000 as traders watch for trend reversal
Bitcoin recovered above $64,000 following a sharp selloff from $82,000 to $59,000, with buyers defending support at $58,000–$60,000. However, muted volume and overhead resistance suggest the rally remains a relief bounce rather than a new bullish cycle.
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Gold falls as US-Iran tensions drive oil prices higher, Fed rate hike looms
Gold slipped to $4,118.71 per ounce amid surging oil prices triggered by US-Iran strikes, while inflationary pressures reinforce expectations of a Federal Reserve rate hike by October under Chair Kevin Warsh.
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FIFA examines 64-team World Cup expansion; crypto platforms eye betting upside
FIFA President Gianni Infantino announced plans to examine expanding the World Cup to 64 teams for 2030, a shift that could boost crypto prediction markets and fan token activity. Kraken has already signed on as an official crypto exchange supporter for 2026.
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Interpol tracks $122M wallet tied to 20-year-old fraud suspect through cross-chain swaps
Interpol reported that a single crypto wallet linked to a 20-year-old fraud suspect processed more than $122.5 million over 10 months, with cross-chain token swaps used to obscure the trail. The case emerged from Operation First Light 2026, a coordinated global sweep spanning 97 countries that resulted in 5,811 arrests and $293 million in intercepted assets.
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Clarity Act draft expected this week as Senate pushes toward July floor vote
Multiple sources told CoinDesk that lawmakers plan to unveil an updated version of the Clarity Act crypto bill this week, combining previous Senate committee versions. The bill faces tight timelines and Democratic support challenges before a potential July floor vote.
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Federal Reserve holds rates steady as inflation projections surge to 3.6%
The Federal Reserve kept rates unchanged at its June 2026 meeting as new Fed Chair Kevin Warsh took the helm, even as inflation forecasts climbed 0.9 percentage points. Economists expect no further moves for the rest of the year, though the FOMC's hawkish dot plot signals at least one hike remains possible.
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Oil prices expected to decline as global supply rises, demand softens
Global crude oil prices have fallen sharply from $85 per barrel in June to between $71 and $77 in early July, with Bloomberg forecasting further declines as supply increases and demand softens, though refined products remain elevated and geopolitical risks persist.
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Shibarium transactions plummet 75% in single day, signaling broader market shift
Shibarium, Shiba Inu's Layer 2 blockchain, saw daily transactions crash from 5,170 to 1,280 in a single day, reflecting a broader pullback in cryptocurrency market activity as traders await fresh catalysts.
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CashCat token crashes 60% on Hyperliquid in liquidation squeeze
CashCat, the flagship meme coin on Robinhood Chain, suffered a 60% collapse on Hyperliquid's derivatives market, wicking from $0.19 to $0.08 in a single candle before recovering to $0.17.
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Ethereum Golden Cross Against Bitcoin Signals Potential Momentum Shift
Ethereum completed a golden cross against Bitcoin on its short-term chart as the 50-day moving average rose above the 200-day average, signaling potential momentum—though traders should remain cautious about confirmation.
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MicroStrategy's Bitcoin Sale Raises Questions on Market Stabilizer Role
Michael Saylor's cryptic X post about Strategy's Bitcoin portfolio, combined with a recent $216 million forced sale, has triggered concern among analysts over whether the company can maintain its historical role as a market stabilizer.
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Bitcoin ETFs post first net inflow in 8 weeks as BTC rebounds to $64,000
US spot Bitcoin ETFs recorded $197 million in net inflows this week, ending an eight-week redemption streak that drained $8 billion from the sector. Bitcoin's price rose 3% to breach $64,000, though analysts warn the rebound is outpacing actual demand recovery.
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2026 World Cup hits 99.6% capacity as Kraken, fan tokens reshape sports crypto
The 2026 FIFA World Cup in North America has achieved 99.6% stadium capacity through 44 matches, with total attendance surpassing 2.85 million. Kraken's official sponsorship, surging fan token trading volumes, and crypto prediction markets underscore the industry's push for mainstream sports integration during a period of institutional credibility rebuilding.
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Blockstream's 30,021-BTC Treasury Deal Loses Binding Terms
Cantor Equity Partners I and BSTR announced they will not close the proposed business combination under the original July 2025 agreement, postponing the shareholder meeting and returning redeemed shares as both parties negotiate revised terms to reflect current market conditions.
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Create AI Product Ads for TikTok & YouTube—Nearly Free
With TikTok Shop moving $64.3 billion in merchandise in 2025, short product videos have become the engine of social commerce. A new workflow shows how to generate sales videos using just a product photo and three AI tools—most available for free.
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Binance delists five spot pairs in market quality review
Binance removed GMX/USDC, PARTI/FDUSD, RUNE/BTC, SEI/BTC, and T/USDC from its spot market on July 10, 2026, citing low volume and poor liquidity. The underlying tokens remain tradeable on other pairs.
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Stablecoin market shrinks $10B since May, but growth outlook intact
The stablecoin market fell roughly $10 billion from its May 2026 peak, with June alone accounting for $7.7 billion of that decline—the largest monthly drop since Terra-Luna's 2022 collapse. Yet analysts expect the sector to resume its upward trajectory.
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Pakistan regulator meets Islamic scholar on crypto ruling
Pakistan's virtual-assets regulator met with prominent Islamic scholar Mufti Taqi Usmani after he backed a ruling against crypto purchases, calling for continued dialogue on digital assets under Islamic law.
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Quantum Art and Classiq pursue SPAC mergers at $2–$5B valuations
Quantum Art and Classiq, two Israeli quantum computing startups, are in advanced negotiations to merge with SPACs at valuations between $2 billion and $5 billion each. If completed, Quantum Art could become the first Israeli quantum company to go public, potentially listing by the end of 2026.
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American Bitcoin executes 1-for-15 reverse split for Nasdaq compliance
American Bitcoin announced a 1-for-15 reverse stock split effective July 6 to meet Nasdaq's minimum bid requirement, as the Eric Trump-linked company's Bitcoin holdings reached 8,000 BTC in the first quarter of 2026.
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Bitcoin nears Fidelity's power-law support line tracked since 2015
Fidelity's director of global macro Jurrien Timmer says bitcoin is approaching a lower support level that has caught every major bottom since 2015, now sitting near $58,000. Timmer calls it an accumulation zone but sees no catalyst for a reversal until liquidity returns.
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XRP Ledger Payment Volume Drops 95% in Days; Recovery Likely
XRP Ledger payment volume plummeted from 1.3 billion XRP in early July to 40.5 million on July 12, a 95% decline driven by large institutional transfers. Analysts note the metric often recovers quickly without signaling long-term price impact.