Articles by Khal
Latest from Khal
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BlackRock's 2% Bitcoin cap forces advisor rebalancing trade-offs
BlackRock's recommended 1% to 2% Bitcoin allocation for model portfolios creates a structural constraint: as Bitcoin rallies, advisors must either sell into strength, place holdings in tax-sheltered accounts, or use wider rebalancing bands to avoid forced liquidation.
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CLARITY Act stalls as ethics fight over Trump memecoin splits support
The CLARITY Act's path to passage is splitting: law enforcement opposition moved to neutral ground this week, but Senator Gillibrand's push to bar officials from issuing digital assets has become Democrats' condition for voting yes.
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Tether CIO Richard Heathcote seeks to sell stake as issuer resists IPO
Richard Heathcote, former Tether chief investment officer, is seeking to sell part of his 1.26% stake in the stablecoin issuer. The move comes as Tether remains privately held and resists public market entry, even as competitors like Kraken and Bithumb pursue or delay IPO plans.
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ByteDance, Alibaba disable AI agents as China enforces emotional AI rules
ByteDance and Alibaba are shutting down custom agent features in their consumer AI products ahead of new Chinese regulations targeting humanlike emotional interaction services, which take effect July 15. China is the first country to impose a dedicated regulatory framework for AI-driven emotional interaction.
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Trump's Bitcoin Reserve Plan Still Unresolved 16 Months Later
The Trump administration continues to evaluate the best structure for a strategic bitcoin reserve and digital asset stockpile 16 months after the president's initial executive order, with Treasury and Commerce both under consideration as potential homes for the federal crypto funds.
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Ripple Secures Full MiCA License for Crypto Services Across Europe
Ripple received full authorization under the EU's MiCA crypto framework after Luxembourg's financial regulator granted the company a Crypto Asset Service Provider license, enabling regulated services across the European Economic Area.
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UK Foreign Secretary Warns of 'AI Hiroshima' Without Global Safeguards
UK Foreign Secretary Yvette Cooper warned that governments risk repeating nuclear-age mistakes if they fail to establish international AI safety agreements before frontier systems transform warfare, crime, and society.
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Solana's Bonk DAO Loses $20M in Governance Attack
BonkDAO, the decentralized organization behind the Solana-based Bonk meme coin, suffered a $20 million treasury drain through a malicious governance proposal. More than 4.4 trillion BONK tokens were stolen in the exploit, and law enforcement has been notified.
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Bitcoin Hits Two-Week High; Bernstein Reaffirms $150K Target
Bitcoin touched $63,900 on Monday, its highest price in two weeks, as Bernstein analysts reaffirmed their ambitious $150,000 year-end price target despite the asset's 50% decline from its October peak.
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UNDP Expands Stellar Blockchain Payments After 16-Month Pilot Success
The UN Development Programme signed a new agreement with the Stellar Development Foundation to scale blockchain-based payments across its humanitarian programs after 16 months of pilot projects in five countries demonstrated cost reductions and improved resilience.
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TeraWulf shares jump 12% after $19B Anthropic lease deal
Bitcoin miner TeraWulf signed a 20-year data center lease with Anthropic expected to generate $19 billion in revenue and sold its majority stake in a separate AI data center joint venture, sending shares up 12% Monday.
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Coinbase AI Hallucinated World Cup Result Before Kickoff
Coinbase's AI-generated news alert incorrectly reported a Norway-Brazil World Cup match outcome hours before the game started, prompting CEO Brian Armstrong to investigate and the company to update its systems.
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Joi AI's $2,000 Masturbation Study Draws 150,000 Applications
When Joi AI offered $2,000 to test an AI-guided intimate feature, the company received more than 150,000 applications for just 10 spots. The month-long study measured stress, mood, and wellness across a global participant base.
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Ethereum developers back Buterin's Lean roadmap but push for faster execution
Ethereum researchers largely support Vitalik Buterin's updated Lean Ethereum proposal for faster, cheaper, and more private transactions, but several argue the three-to-four-year timeline is too slow and could be compressed to roughly one year.
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Bitcoin hits $63,960 two-week high; $65K needed for trend shift
Bitcoin reached its highest levels in nearly two weeks at the weekly close, hitting $63,960, but traders say a push beyond $65,000 is needed for a real trend inflection as short liquidations exceed $100 million.
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South Korea regulator to hear Polymarket's defense on gambling concerns
South Korea's Broadcasting, Media and Communications Review Committee will allow Polymarket to submit its position before deciding whether to issue a corrective request over gambling concerns on the prediction market platform.
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Ethereum's biggest overhaul since the Merge: Vitalik Buterin maps three-year rebuild
Vitalik Buterin has outlined a sweeping multi-year rebuild of Ethereum's core protocol, prioritizing quantum safety and privacy while replacing nearly every major component without forcing existing applications to migrate.
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Securitize NYSE debut: CEO eyes M&A to expand tokenization platform
Securitize began trading on the NYSE following its SPAC merger and raised over $400 million, with CEO Carlos Domingo signaling the firm will pursue acquisitions to expand its tokenization platform rather than buy competitors.
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Summer.fi pauses Lazy Summer vaults after $6M flash loan exploit
DeFi protocol Summer.fi halted its Lazy Summer yield vaults after a flash loan attack drained approximately $6 million from the Ethereum platform. The protocol's SUMR token fell over 18% following the exploit.
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Bitcoin ETF Inflows Resume as BTC Bounces Off 21-Month Lows
Bitcoin climbed back above $63,000 after spot ETFs swung to net inflows for the first time in weeks, while whales absorbed June's institutional selling and altcoins outpaced the flagship asset—classic risk-on signals after the worst first half since 2018.
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Bitmine adds $74M ether as Lee bets on Clarity Act
Bitmine Immersion, the largest Ethereum treasury, purchased 42,197 ether last week worth $74 million, lifting its total holdings to 5.74 million ETH ($10 billion). Chairman Thomas Lee tied the buying surge to growing optimism about U.S. crypto legislation.
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MicroStrategy sells 3,588 bitcoin for $216 million to fund dividends
MicroStrategy liquidated 3,588 bitcoin last week at roughly $60,000 per coin, reducing its holdings to 843,775 BTC and raising $216 million for preferred stock distributions and dollar reserves.
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SpaceX Nasdaq 100 inclusion: Palantir and Strategy precedents warn of volatility
SpaceX joins the Nasdaq 100 on July 7 after raising $75 billion in the largest IPO ever, but historical patterns from recent index additions suggest volatility ahead rather than sustained gains.
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Coinbase AI sends false World Cup alert before kickoff, CEO investigates
Coinbase's AI-generated news alert incorrectly reported a Norway-Brazil World Cup result hours before the match began, prompting CEO Brian Armstrong to investigate and the firm to announce preventive updates.