Articles by Khal
Latest from Khal
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US strikes Iran, Bitcoin tumbles below $80K amid geopolitical tensions
US military forces shot down Iranian drones and struck missile facilities in southern Iran between May 25 and 27, triggering $300 million in crypto liquidations and sending Bitcoin below $80,000. The escalation follows Treasury enforcement actions against Iranian sanctions-evasion networks using digital assets.
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PestShare CEO: On-Demand Pest Control Hits $10M ARR via Property Management Integration
Justin Clements, CEO of PestShare, argues the pest control industry needs a technology overhaul. His on-demand platform, which crossed $10 million in annual recurring revenue in 2025, integrates directly with property management software to streamline service requests and improve resident experiences across over 300,000 doors.
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Y Combinator's Pete Koomen on AI as organizational infrastructure
Y Combinator General Partner Pete Koomen discusses how AI tools empower non-technical users to manage complex data, and why agent infrastructure represents a foundational shift in organizational intelligence.
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Google engineer charged with insider trading on Polymarket using search data
A 36-year-old Google software engineer was charged in May with commodities fraud, wire fraud, and money laundering after prosecutors alleged he used confidential "Year in Search 2025" data to place 16 winning bets on the prediction market Polymarket, netting $1.2 million in profits.
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Fed's Goolsbee cites persistent energy inflation; markets price low odds of 2026 rate cuts
Federal Reserve Chair Goolsbee stated that energy inflation remains more persistent than expected due to the Iran war, while prediction markets price a 66.3% probability of no rate cuts in 2026.
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Google engineer charged with insider trading on Polymarket prediction market
A Google information security engineer was charged with commodities fraud, wire fraud, and money laundering after allegedly using confidential search trend data to win approximately $1.2 million betting on Polymarket. The case marks the first federal insider trading charges involving a decentralized prediction market.
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Iran conflict clouds Bank of Japan rate-hike timeline, Nomura says
Middle East tensions are complicating the Bank of Japan's inflation outlook and pushing rate-hike expectations past June into July or later, according to Nomura analysis. Rising oil prices threaten both growth and yen carry trades.
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Bitcoin decouples from stocks as miners pivot to AI
Bitcoin rejected at $78,000 on Thursday while the Nasdaq hit fresh highs, marking a two-month break in correlation. Miners are shifting capital to AI infrastructure, and pro-crypto legislation remains gridlocked in Congress.
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Nvidia CEO Jensen Huang Joins Tsinghua University Advisory Board
Jensen Huang has joined the advisory board of Tsinghua University's School of Economics and Management in Beijing, positioning Nvidia closer to one of China's premier engineering schools amid escalating US export controls on advanced AI chips.
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IRGC Navy halts US oil tanker in Strait of Hormuz
The IRGC Navy has reportedly halted a US oil tanker in the Strait of Hormuz following warning shots, intensifying geopolitical tensions. Prediction markets on shipping disruptions have moved sharply, though longer-term stability expectations remain elevated.
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Bank of Korea holds rate at 2.5% as inflation edges above target
South Korea's central bank kept its benchmark interest rate unchanged at 2.5% on May 28, extending a seven-meeting pause despite headline inflation rising to 2.2% in March. Economists anticipate at least one rate hike before year-end, which could pressure bonds and shift retail capital away from crypto assets.
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Bitcoin falls below $75,000, triggering $150M in liquidations
Bitcoin dropped below $75,000 on a sharp intraday move, sparking the liquidation of over $150 million in long positions and causing significant repricing across prediction markets.
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US strikes Iran: Bitcoin plunges below $80K amid geopolitical tensions
US military strikes on Iranian targets in early May triggered a sharp selloff in cryptocurrency markets, with Bitcoin dropping below $80,000 and roughly $300 million in crypto futures liquidated as traders fled risk amid escalating Middle East tensions.
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Trump: No Iran Sanctions Relief Until Behavioral Change
President Trump declared at a Cabinet meeting that the US will maintain sanctions on Iran and freeze its assets until Tehran changes course. The US has already confiscated roughly $500 million in Iranian-linked digital assets, representing 6.5% of Iran's estimated $7.7 billion crypto holdings.
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Beijing rules AI automation cannot justify mass layoffs, orders compensation
A Beijing arbitration authority ruled in December 2025 that companies cannot terminate employees solely because their roles were automated, ordering one employer to pay 791,815 yuan in damages. The decision signals China's approach to AI adoption prioritizes job preservation over efficiency gains.
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Bitcoin stalls below 200-day average as NEAR surges on AI momentum
Bitcoin's rebound from February lows has stalled below the 200-day moving average near $81,000–$82,000, with technical indicators signaling weakening momentum. Meanwhile, NEAR has decisively broken above key resistance on AI narrative tailwinds, while DOGE and XLM show mixed signals.
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Vitalik Buterin Builds Self-Sovereign AI Setup, Calls for Ethereum-Specific Models
Ethereum co-founder Vitalik Buterin published a detailed blog post on April 2, 2026, outlining his local large language model setup designed to run inference on hardware under his physical control, while advocating for Ethereum to develop fine-tuned AI models for transaction verification and smart contract auditing.
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Moonwell enables multichain governance for WELL token holders
Moonwell has rolled out multichain governance capabilities using the xERC20 token standard, allowing WELL holders to propose, vote, and execute decisions across Base, Optimism, Moonbeam, and Ethereum without fragmenting voting power.
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Trump pledges Strait of Hormuz open under Iran deal, Bitcoin rebounds
President Trump declared the Strait of Hormuz would stay open to all nations under any Iran agreement, easing geopolitical risk. Bitcoin rebounded on the de-escalation signal after earlier losses during conflict tensions.
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OpenAI bans political ads as ChatGPT begins ad testing in US
OpenAI launched ad testing on ChatGPT for free and Go-tier users in the US on February 9, 2026, while enforcing a ban on political ads during the election cycle to reduce misinformation and maintain platform integrity.
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SoFi's SOFID stablecoin hits $100M market cap on Ethereum in five months
SoFi's dollar-backed stablecoin SOFID crossed the $100 million market cap threshold on Ethereum, marking rapid adoption for the first stablecoin issued directly through a US national bank's retail app. The token launched in May 2026 and is backed by Federal Reserve deposits.
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Fantom Opera shuts down June 30 as Sonic Labs completes network migration
Sonic Labs will shut down Fantom Opera on June 30, 2026, marking the end of a year-long migration to its successor network Sonic. Stargate V1 liquidity providers hold between $486K and $576K on the legacy chain and must act before the deadline.
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Bitcoin falls below $75,000 as spot ETF outflows signal institutional selling
Bitcoin dropped below $75,000 on Wednesday amid persistent net outflows from spot BTC ETFs totaling $1.88 billion since May 15. Technical charts suggest a test of key support zones near $76,000–$74,289, with potential further decline to $70,500 if bulls fail to defend.
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Cash App Adds Stablecoin Support on Ethereum and Solana
Cash App has begun supporting stablecoin transactions on Ethereum and Solana networks, marking a shift from its Bitcoin-focused roots under founder Jack Dorsey, who has publicly criticized stablecoins.