Articles by Khal
Latest from Khal
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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.
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Bitwise CIO: Crypto Becoming Contrarian Bet as AI Stocks Dominate
Bitwise CIO Matt Hougan said crypto is shifting from a momentum-driven market to a contrarian trade as investors rotate toward AI stocks and regulatory uncertainty around the Clarity Act keeps capital sidelined.
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Coinbase Ventures invests in Ethena, deepens ENA partnership
Coinbase Ventures invested in Ethena through an open market purchase of ENA, deepening a partnership that makes Coinbase the primary custodian, wallet provider, and perpetuals venue. ENA rose over 15% on the news.
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Ripple launches RLUSD stablecoin in Turkey, MENA's largest crypto market
Ripple launched its dollar-backed RLUSD stablecoin in Turkey on June 2 through partnerships with three local exchanges, betting on institutional demand in a market handling nearly $200 billion in annual crypto transactions.
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Movement gains US, Canada, EU payment rails for stablecoin settlement
Movement, a Move-based blockchain network, announced access to licensed payment infrastructure across three major regions, shifting its focus toward stablecoin-based settlement and cross-border remittances as part of a broader industry pivot toward payments.
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Trump Signs AI Executive Order on Cybersecurity and Model Review
President Trump signed an executive order Tuesday aimed at strengthening U.S. cybersecurity with advanced AI, directing agencies to accelerate AI-powered security tools and establish a voluntary review process for advanced models before public release.
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Hive Digital Reports 158% Revenue Surge, Pivots to AI Data Centers
Hive Digital Technologies posted $297.8 million in revenue for fiscal 2026, more than doubling its Bitcoin mining output to 2,885 BTC while announcing plans for a 320-megawatt AI data center in Canada.
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Crossmint Launches Visa Card Payments API for AI Agents
Crossmint unveiled a public API enabling AI agents to execute Visa card payments using tokenized credentials, addressing a security gap in agentic commerce where developers previously lacked standardized payment rails.
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Strategy's Bitcoin Sale Unlikely to Trigger Crypto Selloff Cascade
Crypto analysts say Strategy's recent sale of 32 BTC doesn't signal a wave of similar moves by other digital asset treasury firms, pointing instead to each company's distinct financial position as the determining factor.
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Coinbase invests in ProShares IQMM ETF for stablecoin reserves
Coinbase has invested in ProShares' GENIUS Money Market ETF (IQMM) to expand its stablecoin strategy into reserve management, positioning the product as a compliant vehicle for backing payment stablecoins under federal standards.
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Zama accelerates compliance after court lifts $12.5M USDC freeze
Privacy protocol Zama said it will accelerate compliance measures after a US court lifted a temporary freeze on approximately $12.5 million in USDC, stemming from an unrelated legal dispute involving Overnight Finance stakeholders.
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Anthropic expands Claude Mythos access to 150 orgs ahead of IPO filing
Anthropic is expanding access to its Claude Mythos AI model through Project Glasswing to roughly 150 tech and security firms, days after the company confidentially filed for an IPO with the SEC.
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Gary Vaynerchuk: AI is the biggest entrepreneurial opportunity ever
Entrepreneur Gary Vaynerchuk argues AI is lowering barriers to business creation and favoring creative architects over routine executors, while strengthening the case for blockchain technology.
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Bitcoin Falls Below $69,000; Peter Brandt Sets $75,000 Reversal Threshold
Bitcoin dropped below $69,000 as veteran trader Peter Brandt outlined a bearish technical setup with a $53,000–$55,000 downside target. Only a confident consolidation above $75,000 would reverse his outlook.
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Bitcoin flash crash below $68,000 triggers $394M liquidations
Bitcoin fell more than 5% in under an hour, dropping below $68,000 and forcing nearly $400 million in leveraged positions to close as traders caught on the wrong side of the move absorbed steep losses across the derivatives market.
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Kaiko acquires Amberdata for derivatives analytics and AI research
Paris-based Kaiko acquired Amberdata on Monday to add derivatives analytics, onchain tools, and AI-powered research. The deal marks Kaiko's fifth acquisition and expands its institutional client base to 250 worldwide.
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HIVE Digital cuts Bitcoin holdings to 150 BTC as mining revenue soars 158%
Canadian Bitcoin miner HIVE Digital Technologies sold 331 BTC in its latest quarter, reducing reserves to 150 coins, while fiscal 2026 revenue climbed to $297.8 million driven by mining and AI computing expansion.
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Hyperliquid beats Ethereum in daily trading volume as institutions rotate capital
Institutional investors are moving capital away from bitcoin and ether toward Hyperliquid, the decentralized derivatives platform, which now exceeds Ethereum in daily trading volume for some major market makers, according to FalconX's head of markets.
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Bitcoin's Identity Crisis Drives Unpredictable Market Behavior
Bitcoin occupies a gray zone between commodity, currency, technology asset, and macro hedge. The lack of shared understanding about its fundamental nature drives inconsistent market behavior, as different investor groups pull the price in competing directions.
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Bitcoin falls below $69K as Fed's Hammack warns of sticky inflation
Bitcoin fell below $69,000 on Tuesday after Federal Reserve Bank of Cleveland President Beth Hammack warned that policymakers may need to raise interest rates if inflation remains elevated, citing monetary policy as insufficiently restrictive to hit the Fed's 2% target.
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MoneyGram launches MGUSD stablecoin on Stellar for remittances
MoneyGram introduced MGUSD, a US dollar stablecoin on the Stellar network, integrating it into its app through a self-custodial wallet to streamline cross-border payments and reduce remittance costs.
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Franklin Templeton partners with MoonPay for 24/7 stablecoin-to-yield swaps
Franklin Templeton and MoonPay integrated their platforms to let institutional investors exchange stablecoins for tokenized money market funds onchain, bypassing traditional trading hours and settlement delays.