Articles by Khal
Latest from Khal
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Securitize President: Tokenization Can Disrupt Wall Street Stock Lending
Securitize President Brett Redfearn, the SEC's former director of trading and markets, argues that tokenization will cut out brokers who currently pocket the majority of stock lending profits from retail investors.
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Jefferies warns against buying Circle as Open USD threatens USDC dominance
Investment bank Jefferies cautioned against buying Circle shares after a 17% plunge, citing competitive pressure from Open USD, a consortium-backed stablecoin backed by Stripe, Coinbase, Visa, Mastercard and BlackRock.
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Forward Industries Shares Jump 17% After $38M SOL Acquisition
Forward Industries shares surged nearly 17% to $4.94 after the publicly traded Solana treasury firm acquired over 500,000 SOL during its fiscal third quarter, bringing total holdings to 7.55 million SOL valued around $579 million.
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Cantor Fitzgerald: Bitcoin bear cycle nearing bottom in late October
Cantor Fitzgerald analysts believe cryptocurrency markets are in the final stage of the current downturn, with a potential market bottom around late October based on historical cycle patterns. The bank recommended investors focus on networks with durable value accrual rather than speculative activity.
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Crédit Agricole launches EURXT euro stablecoin on Ethereum
Crédit Agricole's asset servicing arm CACEIS has launched EURXT, a euro-pegged stablecoin on Ethereum with 20.02 million tokens in circulation, targeting institutional investors and tokenized fund access under EU crypto rules.
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Crédit Agricole launches EURXT euro stablecoin on Ethereum
Crédit Agricole, France's second-largest bank, unveiled EURXT, a euro stablecoin pegged 1:1 to the euro and backed by Caceis Bank reserves on Ethereum, competing with Circle's EURC and SocGen's EURCV in a fast-growing but still-niche market.
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Citi cuts Bitcoin to $82K, Ether to $2.2K on ETF outflows
Citigroup cut its 12-month bitcoin target to $82,000 from $112,000 and ether target to $2,240 from $3,175, citing stalled U.S. crypto legislation and a reversal in ETF flows. The bank now assumes zero net ETF inflows over the next year.
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Ark Invest deploys $75M in crypto equities as June market crashes
Ark Invest purchased over $75 million in shares of Coinbase, Circle Internet, and Bullish during June's market downturn, when Bitcoin posted its worst month in four years and crypto stocks tumbled.
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Crypto hack thefts drop 7% in June to $76M, Humanity Protocol breach dominates
Cryptocurrency theft losses declined 7% in June 2026 to $76 million, but a single Humanity Protocol breach accounted for nearly half the total, highlighting persistent security vulnerabilities despite overall improvement.
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Semiconductor stocks rally premature to call top, analysts warn
The Philadelphia Semiconductor Index has surged 94% year-to-date through June 2026, tracking its best performance since 1999. Analysts argue the rally remains grounded in fundamentals—extended order visibility, record earnings, and surging AI infrastructure demand—signaling semiconductor dominance will continue shaping tech and crypto markets.
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T1 sweeps Team Liquid 3-0 at MSI 2026 with $945K crypto bets
T1 swept Team Liquid 3-0 at MSI 2026 Play-In on June 27-28, with approximately $945,000 wagered on the matchup through Polymarket, highlighting the growing intersection of crypto betting and competitive esports.
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Visa, Mastercard, Coinbase back Open USD stablecoin
Open Standard's new Open USD stablecoin has attracted 140+ partners including Visa, Mastercard, and Coinbase, offering free minting and reserve earnings to participants. The launch tests whether a partner-led model can challenge USDC's dominance in institutional DeFi.
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Bitcoin, Ether open interest crashes 32–40% as Q2 liquidations thin liquidity
Cryptocurrency markets entered Q3 with less leverage but thinner liquidity after $8.35 billion in long liquidations. Bitcoin open interest fell to $33.5 billion (down 32%), while order-book depth and spot ETF inflows both declined sharply, according to Talos.
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Bitcoin ETFs post record $4.5B June outflows, signaling weakening demand
US spot Bitcoin ETFs logged a record $4.5 billion in net outflows in June 2026, pushing year-to-date withdrawals to $5.5 billion and marking an unprecedented pace of investor redemptions across the sector.
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XRP and HYPE ETFs draw inflows as bitcoin, ether funds bleed capital
XRP-linked and Hyperliquid HYPE funds posted strong net inflows in June while bitcoin and ether ETFs suffered record outflows, marking a sharp rotation in investor appetite across crypto asset classes.
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Magyar Nemzeti Bank cuts rate to 6% to spur Hungarian growth
The Magyar Nemzeti Bank lowered its benchmark interest rate to 6.00% on June 24, 2026, aiming to stimulate economic activity and reduce borrowing costs. The move may signal shifting expectations for rate policy across Europe, though economists warn of inflation risks.
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Circle removed from five Russell Growth indexes, stock falls 17%
FTSE Russell's 2026 index reconstitution dropped Circle from five growth benchmarks, triggering a 17.55% stock decline and wiping $3.6 billion in market value, though the company's core USDC business remains unaffected by the delisting.
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Goliath Ventures CEO Pleads Guilty in $400M Crypto Fraud Scheme
Christopher Delgado, former CEO of Goliath Ventures, pleaded guilty to wire fraud and money laundering in a scheme that raised at least $400 million from investors and caused $250 million in losses. He agreed to forfeit eight properties, luxury goods, and crypto wallets.
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Goliath Ventures CEO pleads guilty to $250M crypto Ponzi scheme
Christopher Delgado, CEO of Goliath Ventures, pleaded guilty Tuesday to wire fraud and money laundering for running a crypto Ponzi scheme that took in at least $400 million from investors, with proceeds spent on six mansions, luxury cars, and designer goods.
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Tesla converts Fremont factory to Optimus robot production
Tesla has repurposed its Fremont factory's Model S and Model X production line to manufacture Gen 3 Optimus robots, with footage surfacing July 1 showing the new assembly operation underway. The company targets 1 million units annually.
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EU unblocks €6.6B Ukraine aid, proposes 21st sanctions package on Russian crypto
The EU confirmed €6.6 billion in military funding for Ukraine after Hungary lifted its veto, while simultaneously proposing its 21st sanctions package to target Russian banks and crypto platforms facilitating sanctions evasion.
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Anthropic Restores Claude Fable 5 After US Lifts Export Controls
Anthropic is restoring public access to Claude Fable 5 and Mythos 5 after the US government lifted export controls. The models were restricted since June 12 following a report of researchers bypassing safeguards. Anthropic is redeploying with new classifiers to block cybersecurity-related tasks.
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Bitcoin ETFs post worst month ever, shedding $4.5B in June
U.S. spot bitcoin ETFs suffered their largest monthly outflow since January 2024, bleeding $4.5 billion in June as institutional investors rotated away from crypto amid a hawkish Fed pivot and competing capital flows to SpaceX's IPO debut.
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Crypto Fear & Greed Index hits 11, signaling extreme investor anxiety
The Crypto Fear & Greed Index fell to 11, reflecting extreme fear among investors and historically preceding volatile market conditions for Bitcoin and other cryptocurrencies.