Articles by Khal
Latest from Khal
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Coinbase, Bitget debut as first crypto sponsors at EWC 2026 Paris
Coinbase and Bitget have become the first crypto sponsors in Esports World Cup history, marking a shift enabled by France's updated digital asset advertising rules. EWC 2026 runs through August with a $75 million prize pool.
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BNB Chain Leads in Stablecoin Users Despite Smaller Transaction Sizes
BNB Chain hosts 15 million active stablecoin addresses monthly, outpacing Ethereum and Solana, but users execute smaller transactions due to low fees—a contrast to rival chains that move larger capital volumes despite fewer participants.
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Ripple CEO: We Considered Shutting Down Rather Than Fight SEC
Brad Garlinghouse revealed that he and co-founder Chris Larsen seriously considered winding Ripple down and distributing its XRP holdings to shareholders rather than fight the SEC's 2020 lawsuit, but chose to battle the case to preserve hundreds of jobs.
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Bitcoin BIP-110 fork deadline nears with zero miner support
BIP-110, a proposal to cap arbitrary data on Bitcoin for one year, faces August's lock-in deadline with virtually no miner backing and fierce opposition from Michael Saylor and Adam Back, who argue the consensus fight poses greater risk than the spam it aims to solve.
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US strikes 140 Iranian military sites; Bitcoin, crypto markets face pressure
US forces conducted a major military operation against Iranian targets in July 2026, striking approximately 140 sites across multiple waves. Bitcoin dropped roughly 2% to the $62,000–$63,000 range, while Solana, XRP, and Dogecoin also faced selling pressure, challenging crypto's reputation as a safe-haven asset during geopolitical crises.
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Iran's missile strikes on US bases trigger crypto market sell-off
Iranian strikes on US military installations in the Middle East on July 9-10 triggered a sell-off in cryptocurrencies and stablecoin inflows, echoing patterns from earlier 2026 escalations. Oil volatility remains the key transmission channel to crypto markets.
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Dogecoin ETF inflows stall at zero as institutional demand pauses
Dogecoin ETFs recorded zero net inflows in the week ending July 10, marking a shift from negative flows the prior week. The pause signals cautious investor sentiment as the broader crypto market remains under pressure.
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Mac Allister scores at 2026 World Cup, but NFT cards barely trade
Argentina midfielder Alexis Mac Allister netted a header in the World Cup knockout stage, yet his Sorare and Panini Prizm NFT cards trade at minimal volumes, exposing the gap between sports stardom and blockchain asset demand.
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Ripple Cuts RLUSD Ethereum Supply to $692M in Stablecoin Rebalancing
Ripple USD (RLUSD) supply on Ethereum has fallen to $692 million from a February peak of $1.24 billion, as Ripple adjusts stablecoin circulation through burns. The shift reflects RLUSD's growing dominance on XRP Ledger, where supply has surged to roughly $800 million since end of 2024.
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Japan to legalize crypto ETFs as Finance Minister signals regulatory shift
Japanese Finance Minister Satsuki Katayama announced the government is on track to legalize cryptocurrency exchange-traded funds, following a House of Representatives vote that moves crypto oversight from the Payment Services Act to the Financial Instruments and Exchange Act.
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BlackRock Transfers 8,700 ETH to Coinbase Amid Ethereum ETF Outflows
BlackRock moved 8,700 ETH to Coinbase Prime on July 9 as its ETHA ETF experienced outflows. The transfer coincided with broader Ethereum ETF net outflows of $52.08 million, signaling ambiguous institutional positioning ahead of Q3.
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Shiba Inu Whales Withdraw From Exchanges for 8 Days Straight
Large Shiba Inu holders have withdrawn tokens from exchanges for eight consecutive days, shrinking on-chain liquidity while SHIB stabilizes near $0.00000438. The move suggests strategic accumulation, though it doesn't confirm an uptrend.
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Dogecoin traders maintain 4-to-1 long bias despite technical weakness
Dogecoin traders across major exchanges maintain a 4-to-1 long-to-short ratio despite the token trading below key moving averages, signaling aggressive bullish positioning even as technical confirmation remains elusive.
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Zcash trading volume surges 28% as ZEC defends $500 support
Zcash (ZEC) posted a 28% jump in 24-hour trading volume while derivatives markets surged 32%, outpacing Bitcoin and Ethereum. The asset has recovered above its 200-day moving average and faces next resistance at $520–$550, though momentum remains elevated and volatility persists.
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XRP Breaks Downtrend With Rare Accumulation-Driven Recovery
XRP has departed its downward trajectory through quiet accumulation near the $1.00 support level, reversing course without a traditional panic-bottom pattern. The RSI has recovered, and buyers are defending key psychological levels as the asset stabilizes ahead of potential resistance tests.
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Crypto IPO market stalls as capital rotates to AI amid macro uncertainty
The crypto IPO market has cooled sharply as investors redirect capital to artificial intelligence and higher interest rates deter risk appetite. Regulatory clarity is no longer the primary obstacle; access to capital is, according to Cohen & Company Capital Markets' Christian Lopez.
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Coinbase CLO Paul Grewal Steps Down; Clarity Act Momentum Stalls
Paul Grewal, Coinbase's chief legal officer for six years, announced his departure effective July, transitioning to an advisory role. Market participants have speculated about a connection between his exit and slowing momentum for the Digital Asset Market Clarity Act, though causality remains unclear.
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Trump grants Ukraine license to manufacture Patriot interceptors
President Trump announced at the NATO summit in Ankara on July 8 that the US would allow Ukraine to manufacture PAC-3 Patriot interceptors domestically, a first for an active war zone and a signal of the administration's willingness to prioritize operational necessity over traditional defense technology transfer safeguards.
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Ethereum AI discovers validator bug, but humans must verify findings
The Ethereum Foundation deployed AI agents to hunt for bugs in validator software and discovered a remotely triggerable crash (CVE-2026-34219). But most of the work went into separating genuine vulnerabilities from confident-sounding false positives.
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JPMorgan warns private blockchains pose bigger threat to Bitcoin than asset sales
JPMorgan warned that Wall Street's shift to private blockchains poses a deeper threat to Bitcoin than any single asset sale, as major institutions test tokenized settlement networks. The shift could drain liquidity from public chains while keeping $4.7 trillion in securities transactions within closed, permissioned systems.
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Backpack launches 24/7 trading for tokenized US equities including SpaceX
Backpack has launched around-the-clock trading for tokenized versions of US stocks like SpaceX, Micron, and SanDisk, offering direct ownership of underlying securities to investors in over 150 countries as the tokenized equity market surges past $1.85 billion.
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Empery Digital sells 1,400 Bitcoin for $87M to fund AI data center
Empery Digital, a publicly traded Bitcoin holder, liquidated 1,400 BTC since May 7 at an average price of $62,200 per coin, generating $87.1 million to retire debt and fund a $65 million Midwest AI data center investment.
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U.S. Housing Bill's CBDC Ban Becomes Law at Midnight Without Trump's Signature
A bipartisan housing bill containing a four-year federal ban on digital-dollar issuance by the Federal Reserve is set to become law at midnight, even though President Trump refused to sign it in protest over unrelated voter-ID legislation.
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Trump Won't Sign Housing Bill With CBDC Ban—It Becomes Law at Midnight
President Trump announced he won't sign a bipartisan housing bill that includes a CBDC ban, but the legislation will automatically become law at midnight unless he vetoes it. The bill passed both chambers with veto-proof margins.