Articles by Khal
Latest from Khal
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Mbappé World Cup Goals Spark Wave of Unauthorized Solana Tokens
Unauthorized meme tokens branded MBAPPE and MBAPEPE flooded Solana following Kylian Mbappé's World Cup scoring run, with no official endorsement. The tokens exemplify the speculative nature of low-cap crypto assets and the risks they pose to uninformed investors.
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TurboFlow raises $6M seed from Pantera for APAC trading platform
TurboFlow closed a $6 million seed round led by Pantera Capital to build a combined prediction markets and perpetual futures platform targeting the Asia-Pacific region, featuring up to 1,000x leverage and zero-fee trading on a custom Layer-1 blockchain.
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TurboFlow raises $6M seed from Pantera for Asia prediction markets
Hong Kong-based TurboFlow, an onchain trading platform offering prediction markets and perpetual futures, has raised $6 million in seed funding led by Pantera Capital. The platform aims to become the regional alternative to Kalshi and Polymarket for Asian users.
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24X National Exchange files tokenized equity pilot with DTC, SEC oversight
24X National Exchange filed a proposal allowing eligible members to trade tokenized securities through the Depository Trust Company, keeping shareholder rights and settlement within the traditional market structure.
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Franklin Templeton launches Franklin Crypto division after 250 Digital acquisition
Franklin Templeton completed its acquisition of crypto asset manager 250 Digital and created Franklin Crypto, a new division led by former 250 Digital executives. The move comes as the firm's tokenized assets have grown to more than $2.5 billion over the past year.
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Crypto PACs spend $8M on US primary races in New York, Maryland, Utah
Crypto-backed political action committees disclosed more than $8 million in spending across three state primaries, with Fairshake-affiliated groups backing Democratic and Republican candidates while some Maryland candidates push back against the influence.
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OKX and ICE Launch Joint Venture Co-Led by Andrew Cuomo
OKX and Intercontinental Exchange announced a joint venture co-chaired by former New York Governor Andrew Cuomo, aimed at building infrastructure for tokenized financial products. The venture is subject to regulatory approval.
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Senate passes housing bill with four-year CBDC ban through 2030
The U.S. Senate voted 85-5 to pass a housing affordability bill that includes a four-year prohibition on the Federal Reserve issuing a central bank digital currency, expiring at the end of 2030.
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Securitize sues tZERO over tokenization patents as Wall Street race escalates
Securitize filed a declaratory judgment lawsuit in Delaware after tZERO accused it of infringing patents covering blockchain-based securities infrastructure. The clash highlights mounting competition as major financial institutions race to tokenize real-world assets.
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Ethereum Foundation co-director Wang steps down amid leadership exodus
Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, announced her departure to a research role as at least eight senior members have left in five months, reigniting debate over the organization's management and strategic direction.
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Crypto groups push House to advance mining and staking tax bill
Top crypto advocacy groups urged the House tax committee to advance legislation clarifying when miners and staking reward recipients must recognize income, marking the sector's second major regulatory priority after the broader Digital Asset Market Clarity Act.
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Anchorage Digital Launches Tokenized Deposit Platform for Banks
Anchorage Digital is rolling out blockchain infrastructure to help banks issue tokenized deposits, enabling round-the-clock settlement without replacing existing core systems. The move comes as major U.S. banks plan a shared tokenized deposit network by mid-2027.
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MoneyGram Becomes Solana Validator, Expands Stablecoin Strategy
Remittances firm MoneyGram became a validator on the Solana blockchain, helping process transactions while expanding its stablecoin payments infrastructure across multiple chains.
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Bitmine Adds $92M ETH, On Pace for 5% Supply Goal
Bitmine Immersion Technologies purchased 52,203 ETH last week, bringing its holdings to 5.67 million ETH (4.7% of supply). The firm remains 94% toward its goal of acquiring 5% of Ethereum's supply and is on track to reach it in 2026, while Chairman Tom Lee maintains his bullish "crypto spring" outlook.
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Bitcoin funding rate hits 2-week high amid macro headwinds
Bitcoin's perpetual futures funding rate jumped to 7% on Monday, signaling bullish sentiment, but persistent ETF outflows and mixed macro signals suggest near-term upside remains constrained below $70,000.
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Ukraine strikes Antipinsky refinery 2,000km inside Russia
Ukraine targeted Russia's Antipinsky oil refinery in Tyumen on June 6, 2026, marking an escalation in long-range drone strikes on Russian energy infrastructure. The strike represents a qualitative shift in Ukraine's military capabilities and reflects a strategy of targeting economic assets in response to Russian attacks on Ukrainian cities.
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Meta raises capex to $145B for AI superintelligence, beats Q1 targets
Meta Platforms reported $56.31 billion in Q1 2026 revenue and raised capital expenditure guidance to $125–$145 billion for the year, roughly double 2025 spending, as CEO Mark Zuckerberg pivots the company toward building "personal superintelligence" technologies across its app suite.
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Iran closes Strait of Hormuz after Israeli strikes in Lebanon
Iran's military command shut down the Strait of Hormuz on June 20, 2026, following Israeli attacks in southern Lebanon that killed at least 32 people. The closure disrupts roughly one-fifth of global oil shipments and spiked crude prices nearly 2%, while forcing shipping reroutes and postponing US-Iran peace talks.
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Texas ends data center subsidies, demands grid infrastructure funding
Governor Greg Abbott has ordered state regulators to require data centers to fully fund the electric infrastructure they depend on, ending a sales tax exemption that will cost Texas $3.2 billion over two years.
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EU opens MiCA 2.0 comment period; crypto industry seeks stablecoin clarity
The European Commission is soliciting feedback on revisions to its Markets in Crypto Assets framework, with the crypto industry seeking changes to stablecoin rules, DeFi oversight, and tokenization standards.
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Curacao Makes World Cup History With First All-Female Medical Staff
Curacao fielded the first all-female medical team in World Cup history at its opening match against Germany on June 14, led by Dr. Suzanne Huurman, the tournament's only female team doctor.
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Virtuals integrates Leyten's GPU engine to run GLM-5.2 across AI agent network
Virtuals Protocol has integrated Leyten's shard engine to distribute large-model inference across multiple GPUs, enabling the platform to run GLM-5.2, a 744-billion-parameter open-weight model from Z.ai, without relying on centralized cloud providers.
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Ubisoft Co-Founder Claude Guillemot Dies in Plane Crash at 69
Claude Guillemot, co-founder and executive vice-president of Ubisoft, died in a plane crash near La Baule, France on June 19. He was 69. A twin-engine Cessna 421 crashed during approach, killing Guillemot and a flight instructor.
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Pudgy Penguins Vibes Series 3 trading cards launch at Target nationwide
Pudgy Penguins, the fourth-largest NFT collection by market cap, is rolling out its Vibes Series 3 trading card game to Target stores across the United States, marking the franchise's biggest retail expansion and bringing total circulated cards to 15 million.