Articles by Khal
Latest from Khal
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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.
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Fantom Opera Network Shutting Down June 30, 2026
Sonic Labs announced that Fantom Opera will shut down on June 30, 2026, at 17:00 GMT. Liquidity providers in Stargate V1 pools holding roughly $486K–$576K must withdraw before the deadline or face disruptions when the underlying network ceases operations.
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CFTC seeks federal framework for prediction markets under White House review
The CFTC is seeking to establish the first comprehensive federal framework for prediction markets, with the White House now reviewing the proposal. The move could reshape operations for platforms like Kalshi and Polymarket while settling a growing federal-state regulatory dispute.
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Blackstone, Guggenheim cut software CLO exposure over AI disruption risks
Blackstone and Guggenheim are trimming software exposure in new collateralized loan obligations as artificial intelligence threatens to reshape business models faster than traditional risk frameworks can adapt.
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Orca launches permissioned pools for regulated RWA trading on Solana
Orca has launched permissioned pools on Solana to enable compliant secondary trading of regulated assets. Streamex's gold-backed GLDY token is the first to trade through the infrastructure, available only to verified accredited investors.
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OpenAI Foundation commits $250M to AI economic transition and worker support
OpenAI Foundation announced a $250 million initiative on May 27 to measure AI's economic impact, support displaced workers, and develop new economic systems for an AI-driven future.
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OpenAI, Thrive Holdings launch 97% accurate self-improving tax AI
OpenAI and Thrive Holdings unveiled a self-improving tax AI system that drafts returns with up to 97% accuracy. A pilot through 30+ accounting firms processed 7,000 returns and cut preparation time by one-third while boosting throughput 50%.
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Robinhood Launches Agentic Trading for Autonomous AI Stock Execution
Robinhood launched Agentic Trading on May 27, a beta feature allowing users to deploy third-party AI agents in separate accounts for autonomous stock execution. Crypto support is planned for future expansion.
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H100 GPU rental rates retreat after May spike, Bloomberg Terminal index shows
H100 rental prices pulled back 3% to 9% after hitting an all-time high on May 25, according to Ornn's Compute Price Index, now accessible on Bloomberg Terminal. The index marks a shift toward financialization of the GPU rental market.
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Mastercard Secures New York BitLicense for Digital Asset Operations
Mastercard's US transaction services unit received a BitLicense from New York regulators, clearing the path for the payments giant to conduct regulated crypto and digital asset business in the state.
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YouTube Expands AI Content Labels, Launches Video Remix Tools
YouTube expanded its AI disclosure system to make labels for AI-generated or meaningfully altered videos more prominent, with automatic detection and new remix capabilities rolling out across long-form and Shorts content.
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Dutch authorities seize 800 servers in raid on Russian cyberattack hosting
The Netherlands' FIOD seized over 800 servers in May 2026 targeting web hosting operations suspected of enabling Russian cyberattacks, disinformation, and sanctions evasion. Two individuals were arrested.
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Fold secures $150M credit facility to expand Bitcoin rewards card
Fold Holdings, the first publicly traded Bitcoin financial services company, secured a $150 million revolving credit facility from Encina Lender Finance to accelerate its Bitcoin rewards credit card rollout nationwide.
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Bitcoin drops below $75K as Iran peace deal lifts stocks and oil
Bitcoin fell below $75,000 Wednesday as US-Iran peace progress sent stocks to record highs and crude oil to one-month lows, with traders warning of further downside pressure near $72,000.
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BTC Prague 2026 Returns June 11-13 With 8,500 Attendees
Europe's largest Bitcoin-only conference returns for its fourth edition on June 11-13, 2026, with 8,500 attendees, 250+ speakers, and a new Bitcoin Living Masterclass track focused on health and biohacking.
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SoFi Launches SoFiUSD Stablecoin on Ethereum and Solana
SoFi Technologies became the first U.S. national bank to offer a bank-issued stablecoin directly within its consumer app, with SoFiUSD now available for buying, selling, and holding on Ethereum and Solana blockchains.
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Block's Cash App rolls out USDC payments to 15M users
Block began rolling out USDC send-and-receive functionality to roughly 15 million Cash App users on May 27, settling transactions on the Solana blockchain with instant USD conversion and no separate wallet or gas fees required.
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ECB Vice President Warns Energy Shocks Threaten Euro Area Stability
ECB Vice President Luis de Guindos flagged energy supply shocks as a dual threat to inflation and growth, while the central bank's latest Financial Stability Review identifies mounting vulnerabilities in banking, real estate, and debt servicing across the euro area.
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US inflation accelerates to 3.8%, outpacing wage growth and delaying Fed rate cuts
US consumer price inflation jumped to 3.8% year-over-year in April 2026, the highest level since May 2023, while wage growth lagged at 3.6%, squeezing household budgets and pushing Federal Reserve rate cuts further into the future.
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HYPE ETFs Cross $100M in First 10 Trading Sessions
Two US spot ETFs tracking Hyperliquid's HYPE token have accumulated over $100 million in net inflows within their first 10 trading sessions, signaling institutional appetite for diversified crypto exposure beyond major tokens.
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Bitcoin slips as ETF outflows persist and stocks hit all-time highs
Bitcoin declined to near $75,000 as spot ETF outflows continued, with Ethereum posting 11 consecutive days of withdrawals while the S&P 500 reached new records. The divergence signals investors are de-risking crypto amid extreme fear sentiment.
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Robinhood launches AI agentic trading beta with autonomous account management
Robinhood is beta-testing AI agents that can autonomously trade stocks and make payments via a virtual credit card, with fraud detection and real-time notifications designed to keep users in control of their capital.
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Bitdeer appoints Corsair Gaming's Michael Potter as CFO
Bitdeer Technologies Group appointed Michael G. Potter, former CFO of Corsair Gaming, as its new CFO effective May 26, 2026. Potter replaces Jianchun Liu and brings hardware and capital-intensive business experience to the mining and AI infrastructure company.