Articles by Khal
Latest from Khal
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Japan vs Sweden World Cup 2026: Kraken crypto partnership reshapes fan engagement
Japan and Sweden meet June 25 in a Group F matchup where Kraken's FIFA partnership and Avalanche-powered ticketing mark the first World Cup with crypto infrastructure built into the fan experience from day one.
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Trump announces US-Iran deal to end Strait of Hormuz conflict
The United States and Iran signed a memorandum of understanding in June 2026 to end four months of Strait of Hormuz hostilities. The deal includes a 60-day negotiation window on nuclear inspections and sanctions relief, though its success depends on resolving issues that have derailed previous diplomatic efforts.
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Trump Accelerates Post-Quantum Cryptography Deadline to 2031
President Trump signed executive orders moving the federal deadline for post-quantum cryptography adoption from 2035 to 2031, drawing praise from industry leaders but warnings that the timeline remains aggressive given the complexity of migrating existing infrastructure.
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Catholic Leaders Warn Clarity Act Could Enable Human Trafficking
A coalition of 82 Catholic leaders sent a letter to Senate leadership opposing a key provision of the Clarity Act that would exempt crypto software developers from criminal prosecution, arguing it could hinder monitoring of illicit financial activity tied to trafficking and organized crime.
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Visa: Claude AI identifies 10,000+ zero-day vulnerabilities
Visa showcased findings from Anthropic's Project Glasswing, revealing that frontier AI models can identify tens of thousands of zero-day vulnerabilities while also serving as powerful defensive tools. The company open-sourced a new vulnerability-detection tool and highlighted escalating AI-enabled fraud threats.
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Meta develops Arena prediction market app using points instead of cash
Meta is building a prediction market app called Arena that lets users make event forecasts using points rather than real money, following the success of Polymarket and Kalshi. The move reflects CEO Mark Zuckerberg's pattern of betting on crypto-adjacent technologies.
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Trump claims Iran agreed to IAEA nuclear inspections; Tehran denies
President Trump declared on June 23 that Iran agreed to allow the IAEA's highest-level nuclear inspections indefinitely. Hours later, Iran's foreign ministry contradicted him, stating no new commitments had been made regarding inspectors visiting damaged nuclear facilities.
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Solana Foundation launches Frontier Traders with tiered rebates for pro traders
Solana Foundation introduced Frontier Traders on June 17, a program that aggregates trading activity across venues and offers tiered rebates and priority infrastructure to high-volume traders, targeting market makers and prop firms.
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US labor market revisions suggest stronger job growth, delaying rate cuts
Early data from the Quarterly Census of Employment and Wages suggests the US economy created roughly 230,000 more jobs through December 2025 than monthly payroll figures currently show, potentially delaying Federal Reserve rate cuts and affecting crypto markets.
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Zcash miner Fortitude to go public via Nasdaq reverse merger with HeartSciences
Zcash miner Fortitude Mining Holdings is merging with medical technology company HeartSciences in an all-stock reverse merger that will bring Fortitude to Nasdaq under ticker TUDE, while HeartSciences shareholders retain a minority stake.
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Meta launches Arena prediction market app amid sector boom
Meta is building a new app called Arena that lets users forecast political, sports, and entertainment events using points instead of cash, according to a report citing people familiar with the matter. The move follows Polymarket's explosive growth during the 2024 election.
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CFTC Chair Selig: Perpetual Futures Unfit for Agriculture Markets
CFTC Chair Michael Selig told cotton producers that perpetual futures tied to digital assets aren't suitable for all markets, especially agriculture, as the agency faces legal challenges to its crypto approvals.
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Prosus launches ToqanClaw, privacy-first AI alternative to OpenClaw
Prosus unveiled ToqanClaw, a no-code AI platform built on European infrastructure and positioned as a privacy-focused competitor to OpenClaw-style agents. The platform is rolling out across a network of over five million restaurants and merchants.
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Elizabeth Warren co-authors bill blocking Federal Reserve CBDC until 2030
Elizabeth Warren, a longtime crypto critic, co-authored bipartisan housing legislation that blocks the Federal Reserve from issuing a retail digital dollar through 2030. The Senate passed the bill 85-5 on Monday, marking a sharp reversal from Warren's 2021 endorsement of central bank digital currencies.
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Chainlink launches Project Pangea for euro-won stablecoin FX settlement
Chainlink announced Project Pangea, a working group with 37 European banks and South Korean lenders to evaluate real-time foreign exchange settlement using euro and won stablecoins.
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Bitcoin slips below $60,000 as SpaceX rout shakes tech markets
Bitcoin has dropped over 8% from its June peak near $67,255, with traders bracing for further losses as SpaceX's $600 billion post-IPO collapse and a broader tech sell-off push risk assets lower.
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Tokenized SpaceX shares collapse as platforms fail to secure assets
Crypto platforms including Binance Wallet and Bybit promoted tokenized SpaceX shares that drew over $1 billion in demand, but withdrew offerings after being unable to obtain the necessary underlying shares to back the tokens, triggering refunds to investors.
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Bitcoin drops below $60K on Fed hawkishness and ETF outflows
Bitcoin fell to its lowest level since late 2024 on June 5, pressured by hawkish Federal Reserve expectations, sustained outflows from U.S. spot bitcoin ETFs, and investor capital rotating into artificial intelligence infrastructure spending.
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Ripple invests in Flutterwave to expand RLUSD across Africa
Ripple has invested in African payments company Flutterwave and secured preliminary regulatory approval in Luxembourg, combining infrastructure for stablecoin adoption across sub-Saharan Africa and the European Economic Area, though launch timelines and volume projections remain undisclosed.
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MicroStrategy's $9.4B Bitcoin Drawdown Tests Preferred-Funded Capital Stack
Strategy Inc., the Bitcoin-treasury company formerly known as MicroStrategy, is underwater by $9.4 billion as its core holdings fall below the accumulation breakeven. Its preferred-funded capital stack now faces its first deep drawdown test.
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Clarity Act navigates final hurdles as Senate eyes July vote
The Digital Asset Market Clarity Act faces tough negotiations on ethics, DeFi liability, and stablecoin yield as crypto industry groups mobilize lawmakers this week, hoping for a Senate floor vote by mid-July.
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STRC Slump Revives Terra Comparisons That Don't Hold Up, Analyst Says
Strategy's preferred stock STRC hit record lows near $82.53 this week, prompting UST stablecoin comparisons. Benchmark analyst Mark Palmer argues the analogy breaks down: STRC is a dividend-paying share backed by bitcoin, not an algorithmic peg waiting to collapse.
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Carstens Backs Stablecoin-Fiat Coexistence, Calls for Global Regulation
Agustín Carstens, the former general manager of the Bank for International Settlements, said stablecoins can enhance financial inclusion and innovation, reversing his earlier skepticism and calling for regulatory frameworks that enable them to coexist with traditional fiat money.
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EU Parliament approves digital euro legal framework ahead of 2030 launch
The European Parliament's ECON Committee approved a proposal advancing the EU's digital euro plans, clearing the path for final legislative negotiations and alignment with the ECB's pre-2030 launch objective.