Articles by Khal
Latest from Khal
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Starknet launches Shieldnet privacy toolkit with strkBTC wrapper
Starknet has consolidated its privacy tools under the Shieldnet banner, launching strkBTC—a shielded Bitcoin wrapper pegged 1:1 to BTC—alongside STRK20, a framework enabling private DeFi transactions on the Ethereum Layer 2 network.
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Strategy's Bitcoin Sale Triggers STRC Depeg, Raising Leverage Risks
Strategy disclosed a 32 BTC sale intended to "inoculate" the market, but the move triggered a 5.2% drop in STRC preferred stock and renewed scrutiny of its leverage-heavy funding model. Analysts are split on whether the sale signals a structural flaw or navigable friction.
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Binance revenue-sharing deal with Alpaca for stock trading infrastructure
Binance disclosed a revenue-sharing agreement with Alpaca, which provides brokerage and custody infrastructure for the exchange's stock trading product. Binance will receive 50% of Alpaca's order-flow fees and 65% of profit from stock lending.
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Standard Chartered to acquire Zodia Custody by August
Standard Chartered's full acquisition of Zodia Custody is on track to close by end of August. CEO Julian Sawyer says every bank will need digital asset custody capability as the industry matures toward real-world asset tokenization and stablecoin payments.
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Zcash patches critical double-spending flaw in Orchard privacy pool
The Zcash Foundation disclosed and patched a critical vulnerability in its Orchard privacy pool that could have enabled double-spending. No exploitation occurred. The network deployed a full upgrade Wednesday, restoring functionality while ZEC surged 10% in 24 hours.
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Grayscale launches lowest-fee Hyperliquid ETF amid ETF competition
Grayscale's new Hyperliquid Staking ETF (HYPG) began trading on Nasdaq with a 0.29% management fee, undercutting competitors as three major ETFs race for inflows in the fast-growing Hyperliquid ecosystem.
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Cardano Founder Warns Ecosystem Collapse if Funding Dries Up
Charles Hoskinson warned that defunding Cardano development could trigger the collapse of dozens of third-party companies relying on ecosystem support, as platforms like Tap Tools and JPG Store already announce shutdowns.
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Fed's Williams: New tariffs unlikely to significantly impact inflation
Federal Reserve Bank of New York President John C. Williams stated that new tariffs are not expected to have a significant impact on inflation, with market pricing suggesting stable expectations for rate cuts in 2026.
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CoinDesk 20 Index Falls 0.6% as Bitcoin Cash Plunges 10.7%
The CoinDesk 20 Index fell 0.6% to 1862.4 since Tuesday's close, with Bitcoin Cash plunging 10.7% and Binance Coin sliding 3.4%. NEAR and Stellar led gainers with 15.1% and 5.7% rises.
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IREN shares rise 4% on 800MW Australian AI data center campus
IREN announced plans for its first major Australian data center campus in South Australia, securing a grid connection for up to 800MW of power with energization targeted for 2028.
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Bitcoin re-tests $65,300 floor for third time since February
Bitcoin fell to $65,300 overnight before recovering to $67,000 ahead of U.S. stock market open. This marks the third test of the February 6 low since the spring, following successful recoveries in February and March.
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Zcash Network Halt Reports Debunked; Orchard Pool Freeze Clarified
Reports claiming Zcash stopped producing blocks for over four hours were overstated, according to Helius CEO Mert. The network underwent an intentional freeze of its Orchard shielded pool to prevent a bug exploit, followed by a hard fork that restored normal operations.
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Stripe, Visa, Mastercard Launch Joint Stablecoin Platform
Stripe, Visa, and Mastercard are nearing the launch of a collaborative stablecoin platform, marking a significant push by traditional payment networks into digital dollar infrastructure. Coinbase is evaluating participation in the initiative.
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Stripe, Visa, Mastercard launch stablecoin platform with Coinbase interest
Payment giants Stripe, Visa, and Mastercard are launching a joint stablecoin platform, with Coinbase exploring participation. The move underscores intensifying competition in the $325 billion stablecoin market, dominated by Tether's USDT.
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Fairshake PAC sweeps 11 primary races with bipartisan crypto coalition
Fairshake-backed candidates won all 11 races they contested in Tuesday's primaries, including California Democrats and a South Dakota Republican, extending crypto's electoral winning streak and demonstrating a deliberate bipartisan strategy to influence Congress.
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Binance shuts down NFT marketplace, migrates users to Binance Wallet
Binance is sunsetting its NFT marketplace and moving users to Binance Wallet, giving holders until July 3, 2026 to withdraw assets or face loss of access. The exchange is offering fee reimbursements to incentivize migration.
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George Santos Referred to DOJ, CFTC Over Kalshi State of the Union Trades
Federal agencies are examining trades the pardoned ex-congressman George Santos allegedly placed on prediction market Kalshi against his own State of the Union attendance while publicly hyping his attendance, pocketing tens of thousands of dollars.
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$1.6B in Crypto Longs Liquidated as Market Selloff Deepens
Nearly $1.8 billion in leveraged crypto positions were wiped out in 24 hours, with long positions accounting for $1.6 billion of the damage. The liquidation marked the largest single-day wipeout since February 5.
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Mastercard Integrates Ripple's RLUSD Stablecoin Into Settlement Network
Mastercard has integrated Ripple's RLUSD stablecoin into its global settlement platform alongside other regulated stablecoins, expanding payment options for issuers and acquirers across multiple blockchain networks.
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Bitcoin crashes to $65K, triggering $1.8B in liquidations
Bitcoin fell to a nine-week low of $65,360, wiping out $1.83 billion in crypto liquidations across the market. The drop marks the largest liquidation event since February, amid geopolitical tensions and rising leverage concerns.
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FCA Warns Premier League Clubs Over Unlicensed Crypto Sponsorships
The UK Financial Conduct Authority has sent letters to Premier League clubs warning that crypto sponsorship partnerships with unlicensed firms could breach financial services laws and expose fans to unregulated trading platforms.
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SHIB Token Sees 669 Billion Unit Transfer to Exchanges in Single Day
Nearly 700 billion SHIB tokens moved to trading platforms on June 2, marking the highest single-day inflow in 30 days. The token broke key technical support as exchange reserves climbed toward 80.5 trillion.
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Bitcoin steadies at $67,000 after 9.5% weekly slide
Bitcoin recovered 0.7% on Wednesday but remains trapped in a critical range after shedding $6,000 in seven days. U.S. stocks hit record highs while AI tokens outperform, widening a divergence that's rattling crypto investors.
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FCA warns Premier League clubs over unauthorized crypto sponsorships
The UK's Financial Conduct Authority warned Premier League soccer clubs about sponsorship deals with unauthorized crypto firms, saying clubs could face legal liability and reputational damage if they enable such promotions.