Articles by Khal
Latest from Khal
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Gold surges on weak NFP data, Fed rate hike odds drop below 20%
Gold prices jumped 1.19% to $4,174.61 per ounce after June Nonfarm Payrolls came in at only 57,000 jobs—well below the 110,000 forecast—cutting the probability of a July Fed rate hike to less than 20%.
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Luis Diaz's two goals ruled out for offside in Colombia vs DR Congo
Colombian forward Luis Diaz saw two goals disallowed for offside within two minutes during Colombia's June 24 group-stage match against DR Congo, setting an unwanted record for most offsides by a single player in a World Cup match in 12 years, reigniting debate over officiating consistency.
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FIFA World Cup kickoff reversal exposes crypto prediction markets' volatility
FIFA reversed a last-minute kickoff time change for England vs. Mexico after pushback from both associations, exposing how prediction markets and crypto betting react to tournament logistics. Kraken's official World Cup partnership and a themed token signal crypto's growing role in global football finance.
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Major County Sheriffs shift to neutral on CLARITY Act, clearing Senate vote path
The Major County Sheriffs of America dropped its opposition to the CLARITY Act, moving to a neutral stance. The shift removes a regulatory hurdle and increases the bill's chances of advancing to a Senate floor vote.
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ByteDance's post-deployment scaling law challenges AI's pre-training focus
ByteDance's Seed AI research team published findings suggesting AI agents can double learning speed every three months after deployment, potentially shifting industry investment from pre-training to real-world deployment infrastructure.
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Solana Network Hits All-Time High Usage as SOL Crosses $80
Solana's network processed a record 3.77 billion transactions in June 2026 as daily active addresses retested yearly highs, even as SOL trades 72% below its January peak. The surge in usage reflects growing institutional interest in the blockchain's low fees and high throughput for decentralized finance applications.
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Messi's 30th World Cup appearance reignites $ARG fan token trading
Lionel Messi became the first player to reach 30 FIFA World Cup appearances during the 2026 tournament, reigniting trading activity in the Argentina fan token $ARG. Fan tokens remain event-driven assets with limited long-term value.
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Gillibrand calls for ban on meme coins issued by elected officials
After President Trump disclosed $1.2 billion in crypto earnings, Senator Kirsten Gillibrand is pushing legislation to prohibit elected officials and their spouses from issuing or promoting digital assets.
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Private-credit funds face $9.7B backlog as Q2 withdrawals hit $15.6B
Investors requested $15.6 billion in withdrawals from private-credit funds in Q2 2026, but managers returned only $5.9 billion. The $9.7 billion backlog and redemption caps are forcing some investors to liquidate digital assets like Bitcoin and Ethereum to meet obligations.
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Trump Defends $1.4B Crypto Earnings as Congress Debates Regulation
US President Donald Trump defended earning roughly $1.4 billion from crypto ventures while in office, saying nothing was wrong with the profits. His latest financial disclosure reignited conflict-of-interest concerns as Congress debates major crypto legislation including the CLARITY Act.
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A7A5 Russian stablecoin claims $34.4B volume, but analysts say it's inflated
A7A5, a sanctioned Russian ruble stablecoin, claims $34.4 billion in processing volume since January, but blockchain analysts say the token's actual activity is far lower and falling sharply, with circular transactions artificially inflating the figures.
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Samsung raises DRAM and LPDDR prices 20% in Q3, pressuring AI infrastructure
Samsung Electronics is pushing for 20% price increases on commodity DRAM and LPDDR memory chips in Q3 2026, marking the third consecutive quarter of escalation. The move reflects a structural supply deficit driven by AI infrastructure demand that manufacturers cannot match with current fab capacity.
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Strategy's capital overhaul buys time as Bitcoin cycle questions loom
Strategy announced a capital overhaul that stabilized its preferred stock and common shares, but analysts say the moves are temporary fixes that delay tougher questions about the company's financing model and its role as a Bitcoin buyer.
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Zcash Ironwood upgrade nears testnet launch with no critical bugs found
Zcash developers say security testing has uncovered no serious new vulnerabilities as the Ironwood upgrade moves toward testnet activation, intended to restore confidence after May's Orchard flaw crashed ZEC by more than half.
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Gillibrand pushes ethics ban on officials' memecoins after Trump's $636M windfall
Senator Kirsten Gillibrand is advancing legislation to ban elected officials and their families from profiting off memecoins and stablecoins, citing Trump's $636 million memecoin earnings disclosed in July 2025 as a catalyst for tighter crypto ethics rules.
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ESMA warns prediction market contracts breach EU retail ban rules
The European Securities and Markets Authority said many event contracts already fall under existing binary options restrictions and cannot be marketed to retail investors, regardless of how they're labeled.
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Dave Portnoy Down Millions on Bitcoin, Vows to Hold This Time
Barstool Sports founder Dave Portnoy told Fox Business he's lost millions on Bitcoin after buying at $100,000, but says he'll hold his position even if it falls to zero—a reversal from his panic-sell in 2021.
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US job growth slows to 57,000 in June, dimming Fed rate hike odds
The U.S. economy added only 57,000 jobs in June, significantly below expectations, prompting traders to slash odds on a Fed rate hike by July to just 8.5 percent.
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Argentina's central bank extends $6B repo maturities ahead of 2027 elections
Argentina's central bank has extended approximately $6 billion in repurchase agreements, deferring short-term debt obligations until after the 2027 presidential election. The strategy signals market confidence in Argentine collateral but raises questions about long-term fiscal sustainability.
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Bitcoin hits $62.3K as global stocks reach all-time highs
Bitcoin reached $62,295 on Friday, its highest level since June 24, as global equities hit record highs and weak US jobs data boosted risk appetite ahead of the Independence Day holiday.
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Argentina vs Cape Verde: $ARG fan token and prediction market volatility
Argentina's World Cup knockout against Cape Verde on July 3 is triggering trading activity in the $ARG fan token and crypto prediction markets, exposing traders to regulatory and liquidity risks that can move prices faster than the scoreboard.
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American Charged With Spying for Iran via Telegram for Cryptocurrency
Israeli prosecutors charged a 21-year-old American seminary student with espionage after he allegedly responded to a Telegram job posting and conducted surveillance tasks for Iranian intelligence handlers in exchange for roughly $1,379 in cryptocurrency.
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Bitcoin whales deposit 49,000 BTC to exchanges as recovery stalls
Large Bitcoin holders moved roughly 49,000 BTC to trading platforms on June 30, one of the year's heaviest daily inflows, as the asset rebounded to $61,528 but showed fresh signs of weakness after dropping below $58,000 earlier in the week.
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Upbit clarifies it only expressed interest in future OUSD participation
South Korean crypto exchange Upbit said it is not participating in the issuance of Open USD, only indicating potential willingness to join the OpenStandard ecosystem in the future. Samsung Electronics and South Korean banks also distanced themselves from the initiative.