Articles by Khal
Latest from Khal
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Virtus Minerals secures US backing for DRC cobalt and copper mines
Virtus Minerals acquired two major cobalt and copper mines in the Democratic Republic of the Congo with over $700 million in total investment commitments, marking the first significant US minerals acquisition in the DRC since the Washington Accord was established in December 2025. The deal aims to diversify global cobalt supply and reduce China's dominance.
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Ripple wins MiCA approval from Luxembourg, eyes EU expansion
Ripple received preliminary approval for a Crypto Asset Service Provider license under the EU's MiCA regulation, clearing the path to offer stablecoin payment systems across Europe.
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Hut 8 settles investor lawsuit over U.S. Bitcoin merger for $2.35M
Hut 8 agreed to pay $2.35 million to settle a securities class action lawsuit alleging the company misled investors regarding its 2023 merger with U.S. Bitcoin Corp. The company denies wrongdoing.
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Bitcoin Standard Treasury plans $1.5B Bitcoin buy, targeting 53,500 total holdings
JAN3 CEO Samson Mow announced that Bitcoin Standard Treasury could deploy up to $1.5 billion to acquire approximately 23,500 BTC, pending shareholder approval on June 26. If executed, BSTR would become the second-largest public Bitcoin treasury holder after MicroStrategy.
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Five Ethereum Foundation researchers launch Ethlabs independent R&D lab
Five former senior Ethereum Foundation researchers announced Ethlabs, an independent nonprofit R&D lab, on June 22, highlighting a widening gap between the Foundation's narrowing mandate and the network's funding needs. The move reflects mounting pressure over who steers Ethereum's future.
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India's FIU demands OTC crypto trade records above $10,000
India's Financial Intelligence Unit has requested records of over-the-counter crypto transactions exceeding $10,000 from major exchanges, targeting institutional desks and high-net-worth individuals in a bid to tighten anti-money-laundering oversight.
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Ripple Wins CASP License in Luxembourg Under EU MiCA
Ripple received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator, enabling the company to offer regulated crypto and stablecoin services across the European Economic Area under MiCA once final conditions are met.
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Tuchel blasts FIFA's mandatory hydration breaks at 2026 World Cup
Thomas Tuchel criticized FIFA's mandatory hydration breaks at the 2026 World Cup on June 22, arguing the stoppages fragment matches and strip football of its essential rhythm by effectively splitting play into four quarters.
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Cboe considers Bitcoin, Ether perpetual futures conversion
Cboe Global Markets is considering converting its Bitcoin and Ether continuous futures contracts into perpetual futures, a move that could shift significant trading volume onshore from offshore venues like Binance and Bybit.
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SpaceX perpetual futures hit $812M, sixth-largest globally
SpaceX perpetual futures have grown to $812 million in notional open interest, ranking sixth worldwide. Hyperliquid and Binance control 77% of total positioning, with the DEX holding $333.2 million and the centralized exchange holding $291.33 million.
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SpaceX loses $600B in 3 days, erasing half of bitcoin's market cap
SpaceX shed $600 billion in market value over three trading days after announcing its first bond sale, erasing nearly half of bitcoin's $1.3 trillion market cap. Bitcoin fell less than 1% over the same stretch, underscoring the volatility gap between the newly public megastock and crypto's flagship asset.
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Momenta Global tests Hong Kong IPO appetite this week at $9B valuation
Chinese autonomous-driving startup Momenta is gauging investor interest for a Hong Kong listing targeting roughly $1 billion in proceeds at a $9 billion valuation, following regulatory approval from China's CSRC on June 10.
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Bitcoin falls to $63,640 as tech selloff drags crypto lower
Bitcoin fell 0.9% to $63,640 on Tuesday as a rotation out of technology and chip stocks sank global equities, with South Korea's Kospi plunging 6% and crypto falling in tandem.
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Taiwan Margin Debt Hits 24-Year High on TSMC AI Rally
Margin borrowing in Taiwan has surpassed $13 billion and reached levels unseen since the dot-com era, driven by retail investors betting on TSMC and AI stocks. Brokerages are tightening lending standards as risks mount.
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Japan's Bond Yields Hit Multi-Decade Highs as BOJ Normalizes Policy
Japan's 2-year and 5-year bond yields have climbed to 1.41% and 1.915% respectively, signaling the end of the Bank of Japan's ultra-accommodative era. The shift could redirect Japanese capital flows and reshape global asset valuations.
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Meta halts employee data collection program after security incident
Meta suspended its Model Capability Initiative on June 22 after a security incident exposed employee behavioral data to broader internal access than intended, reigniting debate over AI training data sourcing and workplace privacy.
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Ethereum Co-Founder Joe Lubin Backs New Ethlabs R&D Nonprofit
Ethereum co-founder Joe Lubin and ether treasury firms Bitmine and Sharplink have funded Ethlabs, a new nonprofit research organization led by five former Ethereum Foundation researchers tasked with readying the blockchain for institutional adoption through stablecoins and tokenization.
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Haaland's World Cup goals boost Sorare NFT trading, valuations stay speculative
Erling Haaland's 59 international goals and strong World Cup start have boosted trading activity for his Sorare NFT cards, which have sold for upwards of $600,000 per piece. However, the underlying market remains speculative, and unaffiliated tokens capitalizing on his name carry no utility or connection to the athlete.
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Synthetix governance votes to retire sUSD, compensate holders with SNX
Synthetix governance proposed retiring sUSD stablecoin and compensating holders with newly minted SNX tokens at a 4:1 conversion rate, marking a strategic shift toward perpetual futures trading.
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Mbappé wins fan-voted 2026 World Cup trophy as Kraken, Sorare crypto partnerships surge
Kylian Mbappé received the Michelob ULTRA Superior Player of the Match trophy on June 11, 2026, decided by fan votes. The award reflects the 2026 World Cup's expanded crypto partnerships, including Kraken as official exchange partner and Sorare as a fantasy football platform with surging NFT activity.
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Apollo's flagship private credit fund honors only 45% of Q1 redemption requests
Apollo Debt Solutions BDC faced 11.2% in redemption requests in Q1 2026 but could only honor 45% due to its 5% quarterly repurchase cap, returning roughly $730 million and raising industry-wide concerns about private credit liquidity.
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CFTC seeks public input on 24/7 energy derivatives trading
The CFTC formally requested public comments on June 22 regarding two proposals that could reshape how energy derivatives work in the US, including 24/7 trading and perpetual-style contracts for commodities like crude oil.
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England favored over Ghana in World Cup Group L clash; Opta gives 78.8% win probability
England and Ghana meet in a Group L World Cup match on June 23, 2026, with Opta's simulations favoring the Three Lions at nearly 79%, while Ghana faces must-win pressure after their opening fixture.
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Bank of England removes wallet caps, sets £40B sterling stablecoin ceiling
The Bank of England released its final stablecoin framework on June 22, scrapping proposed holding limits for individuals and businesses while capping each systemic sterling stablecoin at £40 billion ($53 billion) at launch. Regulated stablecoins are expected to operate in the UK from 2027.