Articles by Khal
Latest from Khal
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Shiba Inu Burn Rate Surges 159% as 19.5M SHIB Destroyed
Shiba Inu's weekly burn rate jumped 159% after 19.5 million SHIB tokens were destroyed over seven days, marking a reversal in deflationary momentum. The token was down 9% on a weekly basis but up 1% in the last 24 hours.
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Fed's Paulson: Current Policy Stance Appropriate, No Rate Cut Urgency
Anna Paulson, a key Federal Reserve member, stated the current monetary policy is suitable and supports the economic outlook, with rate cut probabilities for June and July remaining extremely low.
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XCENA raises $135M at $570M valuation for memory-centric AI chips
AI infrastructure startup XCENA closed a $135 million Series B round led by Altinum and IMM Investment, bringing total funding to $185 million. The company's MX1 chip tackles memory bottlenecks in AI systems by processing data directly inside memory modules, potentially reducing infrastructure needs.
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Strategy's $15B Preferred Stock Burden "Out of Hand," Arca CIO Warns
Arca's chief investment officer Jeff Dorman warned that Strategy's capital structure—burdened by roughly $15 billion in preferred stock carrying $1.5 billion in annual dividend obligations—may become unsustainable if Bitcoin remains volatile, prompting concerns over potential asset sales.
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Jefferies forecasts $1 trillion crypto IPO market by 2031
Jefferies projects that public listings of crypto and blockchain-related companies could collectively reach a $1 trillion market by 2031, with 10 to 15 crypto-native IPOs expected in the next 18 to 24 months, driven by tokenization and stablecoin adoption.
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Bitcoin weakens as record 9-day ETF outflow streak signals cooling demand
Bitcoin stabilized near $73,500 on May 29 as spot ETF outflows hit a record nine-day streak, while long-term holder supply reached an all-time high of 15.8 million BTC, indicating a shortage of new buyers rather than selling pressure.
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OpenAI launches biodefense program with $30M Valthos investment
OpenAI has rolled out a suite of biodefense initiatives including a $30 million investment in Valthos and the launch of GPT-Rosalind, a model designed for drug discovery and biological research, signaling AI's expanding role in pandemic prevention and biosecurity.
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Paxos Becomes First Blockchain-Native SEC-Registered Clearing Agency
Paxos Securities Settlement Company received SEC registration as a clearing agency, making it the only blockchain-native firm approved to operate as a central securities depository in the U.S. The registration is temporary and conditional on meeting ongoing regulatory requirements.
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Bank of England holds rates at 3.75%, signals inflation tolerance
The Bank of England held rates steady at 3.75% in April 2026 and signaled willingness to tolerate inflation above its 2% target, prioritizing economic stability over aggressive tightening amid Middle East supply disruptions.
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Ethereum at $1,850 support as analysts debate near-term risk versus long-term strength
Ethereum's price action is approaching a key technical level at $1,850. Technical analyst Ali Martinez projects selling pressure toward $1,560 if support breaks, while Standard Chartered maintains a bullish longer-term thesis citing Ethereum's dominance in stablecoin and RWA markets.
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MicroStrategy Moves $30M Bitcoin to Coinbase Prime Amid Liquidation Speculation
MicroStrategy moved 411.48 BTC ($30.3 million) to Coinbase Prime, fueling market speculation about potential liquidation despite the company's track record of net Bitcoin accumulation and Saylor's stated buy-more-than-sell philosophy.
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Yardeni forecasts S&P 500 and gold both hitting 10,000 by 2029
Wall Street strategist Edward Yardeni projects the S&P 500 and gold will each reach 10,000 by end of 2029, anchored on earnings growth and a sustained 22x price-to-earnings multiple, marking a shift in how traditional asset classes may move together.
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Sei Giga upgrade targets 200,000 TPS and 400ms finality
Sei Labs published a whitepaper detailing the Giga upgrade, targeting 200,000 transactions per second with sub-400 millisecond finality—a 40x performance boost over current capabilities.
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ECB warns Iran conflict may lift euro-area inflation expectations
The European Central Bank warned that the ongoing Iran conflict could push medium-term inflation expectations higher across the euro area, complicating monetary policy as energy prices surge and firms raise their inflation forecasts.
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US-Iran ceasefire extension deal reached; Bitcoin stabilizes
US and Iranian negotiators reached a tentative agreement on May 28 to extend their ceasefire by 60 days, including provisions to reopen the Strait of Hormuz for commercial shipping. The deal could stabilize oil markets and reduce geopolitical volatility affecting Bitcoin and other risk assets.
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OKX Ventures invests $53M in South Korea's Coinone exchange
OKX Ventures and Korea Investment & Securities each invested $53 million for a 19.6% stake in Coinone, marking one of the largest recent global crypto investments into Korea's digital asset sector.
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Ripple CTO Schwartz Calls $293B Bitcoin Lawsuit "Comically Bad"
Ripple's David Schwartz criticized a $293 billion lawsuit seeking ownership of dormant Bitcoin wallets, calling its legal logic flawed. The suit targets 39,069 inactive wallets under New York's lost-and-found statutes, filed by an anonymous plaintiff.
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Base Azul upgrade cuts withdrawal times to one day on mainnet
Coinbase's Base layer-2 network deployed the Azul upgrade on mainnet, reducing withdrawal finality from seven days to one day through a dual-proof security system combining TEE and zero-knowledge cryptography.
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SEC approves Paxos as first blockchain-native clearing agency
The Securities and Exchange Commission approved Paxos Securities Settlement Company as a registered clearing agency on May 27-28, making it the first blockchain-native firm to earn the designation and opening a path to same-day securities settlement.
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Russian drone strike hits Turkish vessel in Black Sea
Russian forces struck a Turkish civilian ship in the Black Sea on December 13, raising tensions amid broader attacks on Ukrainian ports and complicating Turkey's diplomatic balancing act between Moscow and Kyiv.
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Hyperliquid bigger than NASDAQ, says ICE CEO Sprecher
Jeff Sprecher, CEO of Intercontinental Exchange, stated that Hyperliquid—a decentralized perpetual futures platform processing $9.5 billion in open interest—is bigger than NASDAQ and operates with just 11 people, highlighting the efficiency of on-chain trading infrastructure.
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Hyperliquid Exceeds Nasdaq in Size, ICE Chief Says
Jeffrey Sprecher, CEO of Intercontinental Exchange, acknowledged that Hyperliquid has grown larger than Nasdaq and praised its founders. ICE and CME are pushing regulators to oversee the decentralized exchange amid concerns about market integrity and price discovery in commodity markets.
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Huawei unveils chip tech to close TSMC gap, bypass US export controls
Huawei announced proprietary chip technologies aimed at achieving 1.4-nanometer transistor density by 2031, potentially shrinking a five-year technology gap with TSMC to three years and challenging the effectiveness of US semiconductor export restrictions.
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Bitcoin ETFs post $229M outflow on 9th consecutive day of redemptions
Spot Bitcoin ETFs recorded $229 million in net outflows on May 28, extending a streak of institutional redemptions that signals declining risk appetite and caution in crypto markets amid macroeconomic headwinds.