Articles by Khal
Latest from Khal
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Alchemy's AgentCard gains Visa network access for AI transactions
Alchemy's AgentCard integration with Visa Intelligent Commerce enables AI agents built on any model—including OpenAI or Anthropic—to make purchases on behalf of consumers while preserving card rewards and credit lines.
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Ireland launches 30-point plan to combat crypto-asset financial crime
Ireland released a National Risk Assessment on June 18, 2026, naming crypto-asset misuse as a key threat and rolling out a 30-point action plan with enhanced safeguards for digital finance and new enforcement powers for AML supervisors.
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HIVE shares jump 10% on $220M Canada sovereign AI infrastructure deal
HIVE Digital Technologies announced a three-year, $220 million GPU cloud contract with Bell Canada and Cohere to deploy Nvidia Grace Blackwell processors at a facility in British Columbia, supporting Canadian government and corporate AI clients while adding roughly $70 million in annual recurring revenue.
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Magnificent 7 slump as investors rotate to chip stocks and SpaceX
Microsoft, Meta, and Bitcoin have all slumped sharply as capital rotates away from the Magnificent 7 and crypto toward semiconductor makers and space-tech opportunities, signaling investor skepticism about the AI arms race's returns.
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CME sues CFTC over Bitcoin perpetual futures approval
CME Group plans legal action against the CFTC over its decision to approve crypto perpetual futures, arguing the products are swaps under Dodd-Frank and should face stricter oversight. Outgoing CEO Terry Duffy announced the lawsuit Wednesday.
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Aster token surges 10% on buyback-and-burn upgrade, Fed hawkishness caps gains
Aster's ASTER token jumped over 10% to 80 cents on a new protocol initiative committing 99% of daily fees to automated buybacks and burns, but the rally fizzled as Federal Reserve hawkishness sent the dollar higher and weighed on risk assets.
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Bitcoin slides below $64K as Fed signals higher rates ahead
Bitcoin slid below $64,000 following Federal Reserve action that signaled higher interest rates ahead. Marex analysts say positioning is defensive and conviction is thin, with sentiment washed out and fear gauges at extremes.
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DeepSeek closes $7.4B funding round with employee non-poaching clause
DeepSeek's $7.4 billion funding round values the Chinese AI startup between $52 billion and $59 billion, with founder Liang Wenfeng imposing a condition barring investors from recruiting its roughly 150-person team. The capital is earmarked primarily for employee equity and stock options.
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Fed Chair Warsh signals rate hike, rattles crypto markets
Federal Reserve Chairman Kevin Warsh's hawkish stance on inflation and the FOMC's June 17 pivot toward a potential late-2026 rate hike reversed trader expectations for cuts, sending Bitcoin and major cryptocurrencies lower.
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Rouhani seeks regional backing for Iran-US memorandum of understanding
Former Iranian President Hassan Rouhani is urging neighboring countries to endorse a newly signed memorandum of understanding between Tehran and Washington, arguing that regional support would lock in the agreement and deter either side from abandoning it.
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Ukraine's drone campaign cuts Crimea cargo traffic by 66%
Ukraine's drone-led logistics campaign has cut Russian cargo traffic into Crimea by more than two-thirds, triggering gasoline shortages across the peninsula and raising the likelihood of a prolonged conflict.
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Kentucky sues Kalshi and Polymarket over sports betting contracts
Kentucky joined at least 17 states in suing prediction market operators, alleging they're running unlicensed sports betting platforms. The case highlights a growing legal dispute over whether prediction markets are federally regulated commodities or state-regulated gambling.
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Bond Market Signals Hawkish Fed, Pressuring Bitcoin's Near-Term Outlook
The U.S. Treasury yield curve has flattened to its tightest spread since April 2025, signaling a more hawkish Federal Reserve and higher interest rates ahead—a headwind for bitcoin and yield-free assets.
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Midjourney launches medical division with ultrasonic body scanner
Midjourney announced a new medical division featuring a full-body ultrasonic scanner concept targeting 0.5mm resolution in 60 seconds. The company plans a San Francisco flagship location with up to ten scanners by end of 2027, though it has never shipped a physical product before.
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G7 Caps Rare Earth Imports at 60% Per Country by 2030
G7 leaders meeting in France committed to diversifying rare earth supply chains away from China, capping any single country's share of imports below 60% by 2030 with an aspirational 50% target, and launching a new critical minerals alliance with the International Energy Agency.
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Goldman: Strait of Hormuz oil flow may recover to only 70% of pre-war levels
Goldman Sachs projects that oil shipments through the Strait of Hormuz will rebound to just 70% of pre-war capacity, signaling a potential structural shift in global oil logistics rather than a temporary disruption.
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Colombia defeats Uzbekistan 3-1 as crypto platforms gain World Cup foothold
Colombia opened their 2026 World Cup campaign with a 3-1 victory over Uzbekistan on June 17, while crypto platforms including Kraken, Avalanche, and Chiliz deepen their integration into FIFA's infrastructure through sponsorships and prediction markets.
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Europe launches 19 AI supercomputing hubs for industrial manufacturing
The EU's AI Factories initiative, operating under the EuroHPC Joint Undertaking, operates 19 specialized computing centers as of April 2026 to enhance factory efficiency, sustainability, and European technological sovereignty through a combined 30 billion euro investment.
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2026 World Cup crypto sponsors miss Mexico's affordability crisis
The 2026 FIFA World Cup's debut of crypto exchange sponsorships highlights a disconnect: while Kraken, Chiliz, and Avalanche pilot blockchain initiatives, Mexican fans remain priced out by prohibitive ticket costs and strict viewing restrictions.
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China achieves mass production of ultra-pure silicon-28 for quantum computing
China's state nuclear agency announced the first independent mass production of silicon-28 with 99.99% isotopic purity, reducing quantum computing's reliance on Western suppliers and escalating the US-China tech rivalry.
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NSE targets $55 billion valuation in India's biggest-ever IPO
India's National Stock Exchange received regulatory approval to proceed with a landmark IPO targeting a valuation exceeding $55 billion, with listing planned before December 2026. The IPO is expected to raise approximately $2.5 billion and would be the country's largest ever.
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XRP slips below $1.20 as breakout rally stalls on heavy selling
XRP fell 2.5% to $1.1869 during a June 17 session marked by volume surging to 128.7 million tokens, double normal levels. Buyers stepped in near $1.1750 to prevent a deeper pullback, leaving the token above a critical demand zone but below key resistance.
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Bitcoin and ether fall as Fed signals hawkish shift under Chair Warsh
Bitcoin dropped 3% and ether fell 3.4% after the Federal Reserve held rates steady but signaled concern over inflation and slower future cuts. New Fed Chair Kevin Warsh's first decision marked a hawkish turn that drained liquidity from risk assets, though Trump's Iran deal lifted stock futures.
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Bitwise CIO: Next Bull Run Will Be Slower, Less Volatile
Bitwise CIO Matt Hougan says the coming bull market will unfold more gradually than past cycles as Wall Street investors pivot toward stablecoins and tokenization over raw digital assets, even as interest in bitcoin and crypto remains historically high.