Articles by Khal
Latest from Khal
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Farage Investigated Over Crypto Lobbying Tied to Tether Donor
Parliament's standards watchdog is investigating whether Reform leader Nigel Farage improperly lobbied the Bank of England on cryptocurrency policy to benefit his largest donor, billionaire Christopher Harborne, who holds a 12% stake in Tether.
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Taiwan, South Korea, Japan control global semiconductor supply—crypto depends on it
Northeast Asia's dominance in semiconductor manufacturing—from Taiwan's advanced chip foundries to South Korea's memory production—underpins the entire crypto mining and validator ecosystem. Supply constraints in the region ripple directly into mining economics and hardware costs.
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Trump Reports $1.4B Crypto Income, Claims Involvement Legal
President Trump disclosed at least $1.4 billion in crypto earnings for 2025, becoming the largest crypto earner in U.S. politics. He told CNBC he was unaware of the ventures and said there was nothing illegal about his involvement.
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Bitcoin, Ether Traders Skeptical on Bounce, Options Markets Show
Bitcoin trades near $61,820 as options markets signal lingering downside fears, with put premiums elevated across multiple timeframes despite signs of long-term accumulation and thin weekend liquidity.
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Semiconductor stocks retreat as Bitcoin rebounds above $61,000
Memory and semiconductor stocks that dominated 2026 are losing momentum, with the Roundhill Memory ETF down 25% and the VanEck Semiconductor ETF down 12% from recent highs. Bitcoin has rebounded above $61,000, suggesting investors may be shifting capital back toward digital assets after months of AI-infrastructure focus.
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Marc-André ter Stegen joins Ajax on loan from Barcelona through 2027
Ajax and FC Barcelona reached a loan agreement for German goalkeeper Marc-André ter Stegen through June 2027, with Ajax covering the majority of his wages. The 34-year-old departs Barcelona after 12 years to seek regular playing time.
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Symbiosis.fi BNB Chain activity doubles in Q2 2026
Symbiosis.fi reported that trading volume, transaction counts, and unique wallets on BNB Chain roughly doubled from Q1 to Q2 2026, reflecting growing user engagement across the multi-chain protocol.
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RBI urges India to isolate banks from crypto, allow tokenization
India's Reserve Bank urged parliament to keep banks insulated from crypto and private stablecoins while allowing regulated tokenization of securities and bonds, presenting a containment strategy to the Parliamentary Standing Committee on Finance.
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Irish authorities seize 500 Bitcoin, 2026 haul reaches 1,500 BTC
Ireland's Criminal Assets Bureau seized another 500 Bitcoin worth $30.9 million in criminal proceeds, bringing its 2026 total to 1,500 BTC ($92.4 million) linked to a convicted drug dealer's wallet.
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Microsoft launches Frontier unit with $2.5B to solve enterprise AI ROI
Microsoft announced a new business unit backed by $2.5 billion and 6,000 industry experts to solve enterprise AI's biggest challenge: helping companies actually profit from their AI investments. The move positions the software giant as a hybrid vendor-consultant, directly competing with consulting firms and its own channel partners.
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US spot Bitcoin ETFs top $200M daily inflows for first time since May
US spot Bitcoin ETFs attracted $221.7 million in net inflows on Thursday, ending a 10-day outflow streak as Bitcoin reclaimed the $61,000 level and crypto market sentiment showed signs of stabilization.
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Kraken becomes FIFA's first official crypto exchange partner
Kraken secured the first-ever crypto exchange partnership with FIFA ahead of England's dramatic 2-1 World Cup comeback against the Democratic Republic of the Congo, marking a milestone for cryptocurrency's presence in global sports.
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South Korea launches 24-hour won-dollar trading for developed-market status
South Korea began continuous KRW/USD trading on July 6, 2026, extending forex access from weekday-only hours to roughly 6 a.m. Monday through 6 a.m. Saturday. The move addresses MSCI's currency-control concerns and could unlock billions in passive index inflows if the country achieves developed-market classification.
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Bitcoin Loss-Holders Exceed Profit-Holders for First Time This Cycle
Bitcoin's supply has crossed a historic threshold: 10.83 million BTC are now held at a loss, exceeding the 9.22 million in profit. The shift marks capitulation among newer buyers and mirrors conditions that preceded recoveries in 2018–19 and 2022.
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Bitcoin ETFs post strongest inflow in two months, ending 10-day outflow streak
Bitcoin ETFs pulled in $221.7 million on Thursday, marking their largest inflow in two months and halting a painful 10-day streak that saw investors withdraw $2.73 billion from the funds.
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Kuaishou raises $3B for Kling AI, targets Hong Kong IPO in 12 months
Kuaishou Technology announced a $3 billion funding round for its AI video-generation subsidiary Kling AI in Hong Kong, valuing the unit at $18 billion post-money and planning an IPO within 12 months. The round represents a 10% markdown from Kling AI's April valuation of $20 billion.
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Options traders hedge yen volatility as US holiday trading thins
With USD/JPY at four-decade lows and yen short positions at record highs, options traders are paying elevated premiums to hedge against sharp currency swings around July 4, when US markets thin out and global liquidity dries up.
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China auctions 30-year bonds at 2.2% yield, lowest since November
China's Ministry of Finance sold 85 billion yuan of 30-year special treasury bonds at historically low yields, part of a broader 1.3 trillion yuan annual program analysts link to de-dollarization strategy and yuan internationalization.
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AMP removes bonds from retirement funds, shifts to gold strategy
AMP, Australia's largest superannuation manager, has removed government bonds from retirement portfolios and replaced them with gold, signaling a fundamental rethinking of traditional diversification after bonds failed to hedge against stock declines in 2022.
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XRP bulls defend higher lows as token approaches $1.10 resistance
XRP rose to $1.0894 in a 24-hour session marked by wallet creation at 14-week highs and bullish social sentiment, though sellers defended the $1.1087 resistance level and capped the advance.
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Bitcoin short squeeze pushes price toward $62,000 as bears lose $281M
Bitcoin traded near $61,360 and extended gains as forced liquidations of short positions totaled $281 million over 24 hours, nearly double the losses inflicted on leveraged longs. Ether and Solana followed higher amid a broader market rebound driven by weaker U.S. employment data.
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Crypto sportsbooks remain invisible in World Cup betting landscape
Breel Embolo's goal sent Switzerland past Algeria in a World Cup Round of 32 match, but traditional sportsbooks dominated the betting landscape with no visible impact from crypto platforms or fan tokens.
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Upbit lists Metaplex and Nexus tokens, signaling South Korea's appetite for altcoins
Upbit, South Korea's largest crypto exchange, added Metaplex (MPLX) and Nexus (NEX) to its trading platform without specifying exact pairs or a start date. The listing could amplify trading volumes and price volatility for both tokens.
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Copper surges to $6.13 as dollar weakens and Fed rate expectations shift lower
Copper climbed to $6.13 per pound on July 3 as a softer US dollar and dovish Fed expectations boosted industrial metals. The metal is up 22% year-over-year, driven by AI demand, electrification, and tariff-induced supply constraints.