Articles by Khal
Latest from Khal
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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.
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Trezor discloses chip flaw after Ledger audit, says user crypto remains secure
Trezor disclosed a security flaw in the TROPIC01 chip used in its Safe 7 device, uncovered by Ledger's Donjon research team. The company says the vulnerability poses no risk to user funds and requires physical access plus specialized equipment to exploit.
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DeFi security crisis blocks institutional adoption, banking executives warn
Asset managers and banking executives say blockchain's real value lies in transforming back-office operations, but rampant hacking and bridge vulnerabilities are preventing major financial institutions from adopting the technology.
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ABA Survey: 57% of Americans Oppose Stablecoin Yield Over Banking Risks
The American Bankers Association commissioned a survey showing 57% of respondents want Congress to block crypto platforms from offering yield-like returns on stablecoins, citing risks to community lending and deposit accounts.
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Hyperliquid HIP-4 event contracts hit $92M trading volume in May
Hyperliquid's HIP-4 event contracts generated $92 million in trading volume during their first full month of operation in May, averaging $3 million per day and signaling the platform's expansion beyond perpetual futures into prediction markets.
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SBI CEO: Crypto slowdown driven by capital rotation into tech IPOs
Yoshitaka Kitao, CEO of SBI Holdings, says institutional investors are liquidating crypto positions to raise cash for blockbuster U.S. tech IPOs from SpaceX, OpenAI, and Anthropic, which could collectively exceed $200 billion in fundraising.
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Bitcoin falls below $66K amid US-Iran tensions and liquidations
Bitcoin fell to $65,385 on Wednesday, its lowest level since late March, after shedding more than $4,500 on Tuesday as geopolitical tensions between the US and Iran intensified and crypto traders faced massive liquidations.
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US Treasury sanctions four Iranian crypto exchanges including Nobitex
The US Treasury sanctioned Iran's largest crypto exchange, Nobitex, and three others as part of its "Economic Fury" campaign, following Treasury Secretary Scott Bessent's announcement that the US had seized nearly $1 billion in crypto from Iranian exchanges since late February.
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Figure's humanoid robots impress in demos, but years from replacing workers
Figure showcased its humanoid robots performing basic tasks in May videos, but researchers say AI-powered robots still lack the adaptability to replace humans at scale, despite growing factory robot adoption worldwide.
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Crypto becomes contrarian bet as AI stocks dominate investor attention
Institutional investors are rotating away from crypto toward artificial intelligence stocks, making crypto a contrarian bet that now demands fundamental analysis over sentiment, according to Bitwise chief investment officer Matt Hougan.
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XRP breaks $1.25 support as selling overwhelms bullish signals
XRP fell below key support at $1.25 on June 2 despite bullish supply metrics, with traders now defending the $1.20 zone as technical selling overwhelms longer-term accumulation signals.
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Bitcoin, Ether, Solana longs wiped out in $1.84B liquidation cascade
Roughly $1.84 billion in leveraged long positions were liquidated across crypto exchanges in a single day, the largest unwinding since February, as Bitcoin fell below $66,000 and Ether broke under $1,900.
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Mastercard enables stablecoin settlement across global payments network
Mastercard is expanding its settlement infrastructure to support on-chain stablecoin transactions across multiple blockchain networks, with deployments starting in the U.S. and Latin America.
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Bitcoin plunges below $66,000 as global stocks hit fresh records
Bitcoin fell 6.4% to $65,708 in Asian trading Wednesday, while Ether dropped 7.9% below $1,900, even as the MSCI All Country World Index and semiconductor stocks reached fresh all-time highs on the AI rally.
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Cardano's TapTools shuts down after five executives depart
TapTools, a widely-used Cardano analytics platform, announced it will begin winding down over two weeks following the departure of five executives including both co-founders. The platform remains open to acquisition or external funding.
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Bitcoin drops 12% as investors flee to dollar stablecoins
Bitcoin dropped 12% to $66,800 this week as crypto investors shift capital into dollar-linked stablecoins. Tether dominance hit 8.30%, the highest since late February, even as traditional markets remain calm.
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Cardsmiths' America250 Trading Cards Bundle Bitcoin, Dogecoin Rewards
Cardsmiths has released Currency Series 6 in partnership with America250, a congressionally-established organization marking the country's 250th anniversary. Limited-edition packs include random crypto redemption cards for Bitcoin, Ethereum, Litecoin, and Dogecoin, with top prizes reaching a full Bitcoin worth approximately $66,600.
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Bond traders position for Fed rate hikes as early as mid-2027
Bond traders are now positioning for potential Federal Reserve rate hikes as early as mid-2027, a reversal from earlier dovish expectations. The shift reflects persistent wage growth, a resilient labor market, and rising oil prices tied to Middle East tensions.
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Microsoft unveils seven AI models, claims wins over Claude and Google
Microsoft unveiled seven new AI models at its Build event, claiming its flagship reasoning and image systems outperform Anthropic's Claude Sonnet 4.6 and Google's Nano Banana 2 on independent benchmarks and image-editing tasks.
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Microsoft Scout: Enterprise AI Agent Built on OpenClaw
Microsoft announced Scout at Build 2026, an AI agent built on OpenClaw that integrates with Teams, Outlook, OneDrive, and SharePoint to automate workplace coordination tasks for Microsoft 365 users.
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Coinbase Ventures backs Ethena ahead of savings product launch
Coinbase Ventures bought Ethena tokens as the exchange prepares to launch an onchain savings product with the protocol, marking the first time Ethena products reach Coinbase's user base of over 100 million.
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Galaxy Digital launches OTC prediction markets for institutions
Galaxy Digital launched over-the-counter prediction markets for institutional investors, completing a $10 million trade with hedge fund Arca tied to the proposed CLARITY Act crypto legislation.
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NYDFS and EBA sign stablecoin oversight memorandum
The New York Department of Financial Services and European Banking Authority signed a non-binding memorandum of understanding to coordinate oversight of the $314 billion stablecoin sector, including emergency protocols for operational failures.
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Strive Raises $4.2B, Buys 2,500 Bitcoin as Strategy Trims Holdings
Bitcoin asset manager Strive purchased 2,500 Bitcoin while raising $4.2 billion through equity and a new daily-dividend security, drawing a Buy rating from Benchmark-StoneX. Strategy sold 32 Bitcoin, its first sale since 2022.