Articles by Khal
Latest from Khal
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Hut 8 hires ex-NextEra finance veteran for investor relations amid AI pivot
Hut 8 appointed Mark Eidelman, a former J.P. Morgan banker with 17 years of experience managing over $75 billion in financings, as Head of Investor Relations and Senior Vice President of Strategic Finance effective June 4, 2026. The move supports the company's push toward investment-grade credit status and lower capital costs.
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Blackstone BCRED caps buybacks at 5% as redemption requests hit 10%
Blackstone's BCRED fund saw shareholder buyback requests jump to roughly 10% in Q2 2026, worth $4.4 billion, but capped fulfillment at its standard 5% quarterly limit, potentially extending exit timelines for investors seeking liquidity.
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Bitcoin ETFs log $4.4B in outflows over record 13-day losing streak
US spot Bitcoin ETFs experienced their longest redemption streak since launching in January 2024, with $4.4 billion in cumulative withdrawals over 13 consecutive trading days beginning May 14. Bitcoin fell 21% during the period amid profit-taking and macroeconomic caution.
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Moomoo launches Kalshi prediction markets for retail traders
Moomoo announced a partnership with Kalshi on June 4, 2026, enabling retail traders to access CFTC-regulated event contracts covering Federal Reserve decisions, political events, and sports outcomes.
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Solana SIMD-0550 proposal doubles disinflation rate, cuts $1.5B emissions
SIMD-0550 proposes doubling Solana's annual disinflation rate from 15% to 30%, potentially eliminating $1.5 billion in future SOL emissions and reaching terminal inflation in 2.8 years instead of 5.7. The proposal has backing from Solana Labs co-founder Anatoly Yakovenko but raises concerns about validator revenue.
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Logistics costs hit four-year high, signaling persistent inflation risks for Fed
Logistics costs surged to their highest level since 2022, driven by Middle East tensions and shrinking transportation capacity. The spike complicates the Federal Reserve's inflation outlook and could delay rate cuts.
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Bitcoin and Ethereum Face Steep Technical Headwinds as Oversold Signals Emerge
Bitcoin has broken below critical moving averages and fallen near $63,000, while Ethereum trades around $1,760 after losing support near $2,000. Both assets show extreme oversold conditions, but analysts warn that such readings don't guarantee a bottom in downtrends.
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Palantir and Kirkland & Ellis launch AI fund formation engine
Palantir Technologies and Kirkland & Ellis announced a multiyear partnership to develop AI-powered tools for private equity fund formation, with Kirkland backing the initiative with $500 million in total AI investment.
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MicroStrategy faces record $10.8B Bitcoin unrealized loss
MicroStrategy's Bitcoin holdings have fallen to roughly $53 billion as of June 2026, down from a $63.8 billion cost basis, marking the worst unrealized loss since the company began buying BTC in August 2020. CEO Michael Saylor attributes the decline to capital flows toward AI infrastructure.
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British teenager sanctioned by Russia over A7A5 stablecoin sanctions-evasion report
Alexander Browder, 17, has become the youngest person sanctioned by Russia after alleging the A7A5 stablecoin was used to evade Western sanctions. His father, activist Bill Browder, called him the first high school student in the world targeted by an authoritarian regime over such allegations.
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Institutional Bitcoin holdings drop 17% as hedge funds flee Q1 2026
A CoinShares analysis of 13F filings shows institutional Bitcoin holdings fell 17% in Q1 2026 to 261,000 BTC, with hedge funds and brokerages driving a $17.8 billion outflow. Banks and financial advisors, however, added positions.
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Peptide Gray Market Hits $100M Annually Via Crypto: Chainalysis
A gray market for peptides driven by the "looksmaxxing" trend has processed over $100 million annually through cryptocurrency, with crypto flows jumping 159% from Q4 2025 to Q1 2026, according to blockchain data firm Chainalysis.
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Clarity Act gains law enforcement backing as Senate pushes digital asset regulation
The Blockchain Association held an advocacy event Thursday highlighting law enforcement backing for the Crypto Clarity Act, which imposes stricter anti-money laundering rules on digital asset exchanges. Critics question the credibility of the endorsement letter.
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Google DeepMind CEO: AGI arriving by 2030, society must prepare now
Demis Hassabis told Stanford Business School that artificial general intelligence will arrive around 2030 and humanity must prepare now—preparation cannot be left to technologists alone.
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Atlas Capital CEO predicts 70% bitcoin crash before $500K rally
Reza Bundy, CEO of the Atlas Capital fund backed by economist Nouriel Roubini, forecasts bitcoin could plunge 70% to $26,000–$30,000 over six months, but remain bullish on a longer-term climb to $500,000 driven by government debt and currency debasement.
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Bybit integrates Western Union's USDPT stablecoin for trading
Bybit became the first major crypto exchange to support Western Union's USDPT stablecoin, marking the latest move by traditional payment providers to expand stablecoin distribution as dollar-pegged tokens exceed $320 billion in total value.
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Bitcoin drops 13% in a week; Saylor blames AI capital rotation
Bitcoin fell more than 13% over the last week to $63,429, with ETF outflows exceeding $4.3 billion since May 14. Strategy co-founder Michael Saylor attributed the decline to capital rotation into artificial intelligence rather than fundamental Bitcoin weakness.
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ApxUSD stablecoin slips below peg as Bitcoin selloff pressures collateral
Apyx's dividend-backed stablecoin apxUSD fell to roughly $0.93 on June 4 as Bitcoin dropped below $64,000 and Strategy's STRC preferred shares weakened, exposing the risks of equity-backed collateral models during market volatility.
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TSMC signals gradual chip price hikes as AI demand drives 30% revenue growth
TSMC projects over 30% revenue growth in 2026 on AI demand and is signaling gradual price increases on advanced nodes, with CEO C.C. Wei citing tight capacity and rising costs as justification for protecting margins.
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Virtuals migrates $700M VIRTUAL to Chainlink CCIP after LayerZero review
Virtuals Protocol moved over $700 million in VIRTUAL from LayerZero to Chainlink CCIP following a security audit sparked by the KelpDAO exploit, joining a growing wave of protocols abandoning LayerZero infrastructure.
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X Money expands to wider users with FDIC insurance and Visa card
Elon Musk announced on June 4 that X Money, the social platform's integrated payments system, is now available to a wider set of users after months of limited beta testing, featuring peer-to-peer transfers, FDIC-insured deposits, and competitive cashback rewards.
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MicroStrategy Bitcoin holdings slip underwater as Saylor frames downturn as capital rotation
MicroStrategy's Bitcoin holdings slipped into paper-loss territory as BTC traded below the company's $75,699 average purchase price. CEO Michael Saylor attributed the pressure to ETF outflows and capital flowing into AI infrastructure, characterizing the move as a rotation rather than an impairment.
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MicroStrategy Bitcoin Holdings Down $11.2B as Saylor Downplays Slide
Strategy's Bitcoin holdings fell to $52.6 billion in value, creating an $11.2 billion unrealized loss. CEO Michael Saylor attributed the decline to ETF outflows and capital flowing into AI infrastructure, characterizing it as a temporary rotation rather than a fundamental Bitcoin problem.
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Tokenized Assets Mirror ETF Revolution With Continuous Markets
Tokenized assets replicate the market structure innovations that transformed ETFs into a $10+ trillion asset class, enabling creation/redemption mechanics, arbitrage-driven pricing, and trading outside traditional market hours.