Articles by Khal
Latest from Khal
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Ark Invest buys $18M Coinbase, dumps $29M Robinhood stock
Ark Invest purchased approximately $18 million in Coinbase shares while selling roughly $29 million in Robinhood stock in a single trading session, signaling a strategic shift toward the crypto exchange as it declined and away from the retail brokerage as it surged.
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Fed May Hike Rates by September if Inflation Persists, Kaplan Warns
Rob Kaplan, Goldman Sachs vice chairman and former Dallas Fed president, said the Federal Reserve may need to raise interest rates as soon as September 2026 if inflation remains elevated, shifting market expectations from rate cuts to potential hikes.
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SBI Remit and Fasset Partner on Stablecoin Remittance Network
SBI Remit and Fasset announced a partnership to build stablecoin-powered payment infrastructure for cross-border remittances and financial services, combining SBI Remit's distribution reach with Fasset's 50+ banking corridors.
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ENISA negotiates Mythos AI access amid US export controls
The European Union's cybersecurity agency met with Anthropic in San Francisco to negotiate access to Mythos, an AI model designed to find and exploit software vulnerabilities, amid new US export controls that complicate foreign access to advanced AI systems.
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Netlist sues Samsung, Google, Super Micro over AI memory patents at ITC
Memory-technology firm Netlist filed a complaint with the US International Trade Commission against Samsung, Google, and Super Micro on September 30, alleging infringement of six patents tied to DDR5 and high-bandwidth memory products used in AI systems.
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Hillhouse secures $600M loan for DayOne data center expansion
Hillhouse Investment is negotiating debt financing for a $600 million investment in DayOne, the Singapore-based data center operator that spun off from GDS Holdings in January 2025. The move underscores confidence in sustained AI-driven infrastructure demand but carries execution risk.
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American Bitcoin Corp director Busch buys 450K shares amid 90% collapse
Richard Busch, an independent director at American Bitcoin Corp, purchased 450,000 shares for $391,500 at $0.87 per share in mid-June, continuing a pattern of open-market accumulation as ABTC stock trades near its 52-week lows following a September 2025 merger.
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2026 World Cup Mexico ticket prices lock out fans as NFT solutions fail
Ticket prices for the 2026 FIFA World Cup in Mexico range from $140 to over $8,680, prompting President Claudia Sheinbaum to call on FIFA to reconsider. Blockchain-based solutions including NFTs and fan tokens have failed to bridge the affordability gap.
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Apple raises prices as AI chip demand drives memory costs higher
Apple is raising prices across its product lineup due to surging memory chip costs driven by AI infrastructure builders competing for limited DRAM and NAND supplies. CEO Tim Cook cited the pressures during the company's Q2 2026 earnings call, with MacBook models already seeing increases of $100 to $400.
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FBI warns of crypto scammers using couriers to collect cash from victims
The FBI issued a June 15 warning about crypto scammers using couriers to collect physical cash from victims, a tactic that bypasses bank fraud detection and complicates prosecution. Seniors are the primary target.
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Fidelity launches money market fund for stablecoin reserve assets
Fidelity Investments rolled out the Fidelity Reserves Digital Fund to manage stablecoin reserves, joining State Street in targeting the expanding market for institutional-grade reserve products as stablecoins grow toward multi-trillion-dollar projections.
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Bybit Added to Singapore MAS Investor Alert List
Crypto exchange Bybit has been placed on Singapore's Monetary Authority of Singapore Investor Alert List, which flags entities that may be wrongly perceived as licensed or regulated, though the regulator did not specify why.
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Bitcoin Layer-2s Face Reality Check After Botanix Shutdown
Botanix's closure has exposed a hard truth for Bitcoin builders: the market doesn't want programmable BTC ecosystems yet—just better yield opportunities on existing networks.
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FIFA Tests Avalanche Blockchain for 2026 World Cup Ticketing
FIFA is using the Avalanche blockchain to test a new ticketing system for the 2026 World Cup, issuing over 100,000 digital entitlements to fans and processing more than $25 million in combined trading volume.
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Odyssey Raises $310M Series B at $1.45B Valuation
Odyssey, an AI lab building world models for simulating complex physical environments, secured $310 million in Series B funding led by Natural Capital, with participation from Amazon, AMD Ventures, GV, EQT, and In-Q-Tel, valuing the company at $1.45 billion post-money.
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Social Security and Medicare Trust Funds Face Accelerated Depletion by 2033–2034
The Social Security and Medicare trustees released annual reports on June 9 projecting accelerated trust fund depletion, with the Hospital Insurance Fund hitting zero in 2033 and combined Social Security reserves exhausted by 2034, absent legislative reform.
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Kalshi, StarCompliance launch employee prediction market monitoring
Prediction market platform Kalshi has partnered with compliance software provider StarCompliance to launch a monitoring system that flags employee trading activity, as state regulators and the CFTC battle over oversight of event-based contracts.
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Hyperliquid: Decentralized Perpetual Futures Exchange on Layer-1
Hyperliquid is a decentralized perpetual futures exchange running on its own layer-1 network that has grown into a top-10 cryptocurrency by market cap, attracting over 1.2 million users since launching in 2023.
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Illinois enacts 0.2% crypto tax, raising $60 million for state budget
Illinois Governor J.B. Pritzker approved a state budget bill on June 16 that includes a new 0.2% tax on businesses transacting or storing crypto for customers, expected to raise $60 million. The tax takes effect January 1, 2027, and the industry says litigation is the likely path to change it.
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Crypto Indexes Mark Turning Point for Institutional Investment
Standardized indexes and benchmarks are turning fragmented cryptocurrency markets into investable assets for institutional investors, with Morgan Stanley's bitcoin ETF accumulating over $230 million in its first month signaling growing confidence in the space.
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Tuchel names England World Cup squad, drops Foden and Palmer
Thomas Tuchel, appointed England's head coach in October 2024, has named his first World Cup squad for the 2026 tournament in North America, omitting Phil Foden, Cole Palmer, and Trent Alexander-Arnold while recalling Jordan Henderson.
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Strategy's STRC preferred stock hits yearly low as yield pressure mounts
Strategy's flagship dividend-paying preferred stock STRC closed at $91.79 on Tuesday, its third-lowest price since launching in July 2025. The $10.5 billion security's yield has risen to 12.6% as Bitcoin weakness and short-selling pressure weigh on the price, forcing Strategy to consider raising its dividend payout to restore value.
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Trump Endorses Iran MOU, Sets 60-Day Nuclear Talks Window
President Trump endorsed a memorandum of understanding with Iran on June 15, calling it "strong and detailed." The agreement extends a ceasefire, reopens the Strait of Hormuz, and sets a 60-day window for sanctions and nuclear negotiations ahead of a formal signing in Geneva on June 19-20.
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Pramaana Labs Raises $27M for AI Verification in Regulated Industries
Pramaana Labs, a San Francisco startup, raised $27M in seed funding led by Khosla Ventures to develop formal verification technology for AI in regulated industries like tax, legal, healthcare, and autonomous systems.