Articles by Khal
Latest from Khal
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Memory chip stocks surge as AI demand outpaces production through 2028
SK Hynix and Micron surged on sustained demand for AI semiconductors, with analysts pointing to supply shortages extending through 2028. SK Hynix plans a $29.4 billion Nasdaq listing to fund capacity expansion.
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SK Hynix shares surge 12% on $29.4B Nasdaq ADR listing plan
SK Hynix announced plans to raise up to $29.4 billion through an American depositary receipt offering on Nasdaq, driving its stock up 12% and pushing the South Korean chipmaker past Samsung as the country's most valuable public company.
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SK Hynix $30B Nasdaq listing breaks Micron's AI memory monopoly
SK Hynix filed for a Nasdaq ADR listing targeting $29 to $30 billion, with trading set to begin July 10 under ticker SKHY. The move breaks Micron's status as the only major US-listed memory supplier and reshapes investor strategies in AI infrastructure.
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VAR disallows Vinicius Jr. goal; meme tokens unmoved
A VAR decision to disallow Vinicius Jr.'s goal in Brazil's World Cup match against Scotland sparked protests from coach Carlo Ancelotti and players, but the incident had no measurable impact on cryptocurrency markets or related tokens.
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Canada advances to World Cup knockouts despite Switzerland loss
Canada lost 2-1 to Switzerland in its final Group B match but advanced to the knockout stage as runners-up. Coach Jesse Marsch praised the team's aggressive, high-tempo approach despite the defeat and the challenge of facing a group winner in the round of 16.
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Foreign holdings of US securities hit record $30.9 trillion in mid-2024
Foreign investors held approximately $30.9 trillion in US securities by mid-2024, following a $2 trillion surge throughout 2023, with Japan and the UK driving much of the increase in Treasury holdings, according to Treasury International Capital data released in June.
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FIFA 2026 World Cup: Kraken, Avalanche, Chainlink secure official crypto partnerships
Kraken, Avalanche, and Chainlink have secured official FIFA partnerships ahead of the 2026 World Cup, marking crypto's deepest integration into a major sporting event. The expansion to 48 teams across North America could drive mainstream adoption, but fan token volatility and regulatory headwinds pose risks.
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Kalshi sues Illinois over 15% sports prediction market tax
Kalshi filed a federal lawsuit against Illinois on Wednesday, challenging a new state tax on sports-related prediction markets set to launch July 1. The 15% gross-receipts tax puts the company at odds with federal regulators who oversee prediction markets.
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Nous Research Adds Animated Pets to Hermes Agent Framework
Nous Research added animated mascot sprites to its Hermes Agent that do nothing but sit in your terminal and animate based on what the AI is doing. The pets are purely cosmetic, off by default, and available from a community gallery of over 3,200 options.
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Federal Reserve stress tests: US banks absorb $550B in losses
The Federal Reserve's 2025 stress tests found that 22 large US banks would collectively absorb over $550 billion in losses during a severe recession while maintaining required capital levels, bolstering confidence in banking stability.
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Kalshi Seeks $40B Valuation, Doubling Previous Round
Kalshi is seeking to raise capital at a $40 billion valuation, nearly doubling its previous $22 billion round and expanding its gap over rival Polymarket, which was last valued at $15 billion. The federally regulated prediction market operator could close the fundraising in Q3 2026.
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Trump delays housing bill with CBDC ban, links to voting measure
President Trump postponed signing a bipartisan housing bill that bans central bank digital currencies through 2030, conditioning approval on passage of a separate voting bill. Meanwhile, Binance's Greek licensing bid stalled; the exchange now pursues authorization elsewhere in the EU before the July 1 MiCA deadline.
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Microsoft's Topological Qubit Claims Challenged in Nature Critique
A University of St Andrews researcher published a formal critique in Nature arguing Microsoft has not demonstrated the topological qubit underlying its Majorana 2 quantum chip, citing experimental noise and unpublished data concerns.
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MicroStrategy's Bitcoin Bet Backfires as STRC Hits Record Low
Microstrategy's STRC product hit a record low as dividend obligations ballooned and Bitcoin holdings turned underwater. CryptoQuant's analyst says the firm must halt Bitcoin purchases and rebuild cash reserves to restore investor confidence.
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Bitcoin crashes below $60K as exchange inflows overwhelm demand
Bitcoin traded below $60,000 on June 24 as roughly 7,600 BTC moved into Binance while spot ETF outflows signaled fading institutional demand. Liquidations accelerated the decline through a key support level.
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Binance Withdraws MiCA License Application in Greece, Shifts EU Strategy
Binance formally withdrew its MiCA license application in Greece one week after a Reuters report said it would be rejected, leaving some EU users uncertain about their access to the platform.
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Bitcoin's Four-Year Cycle Holds as BTC Dips Below $60K
21Shares acknowledged Wednesday that Bitcoin hasn't broken its historical four-year cycle in 2026, even as BTC fell below $60,000 for the second time this month and has lost 52% from its peak.
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Alistair Johnston shines for Canada at 2026 World Cup despite Northern Ireland eligibility
Celtic defender Alistair Johnston has emerged as one of Canada's standout performers at the 2026 FIFA World Cup, though his maternal lineage from Northern Ireland would have given that nation a legitimate eligibility claim under FIFA rules.
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Bitcoin slumps to $62,700, $525M buy wall emerges near $60,500
Bitcoin fell 3% in 24 hours and closed at $62,700 on Tuesday, its lowest daily candle since June 10, as traders positioned $525 million in buy bids between $60,500 and $61,500 amid rising liquidation pressure.
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Binance withdraws Greece MiCA application, shifts to another EU state
Binance withdrew its Markets in Crypto-Assets Regulation application with Greece just days before the July 1 deadline, signaling a shift to pursue licensing in a different EU member state as unlicensed firms face wind-down orders.
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OpenAI Unveils Jalapeño Custom AI Chip With Broadcom
OpenAI unveiled Jalapeño, a custom chip designed for large language model inference and developed with Broadcom. Early versions are already being tested in OpenAI's labs, marking the company's most significant move yet to control more of the hardware stack behind its AI models.
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Eco CEO: Banking Lobby's Stablecoin Fears Lack Evidence
Ryne Saxe, CEO of Eco, argues Congress should not restrict stablecoin growth to protect community banks from a threat without evidence, even as the Digital Asset Market Clarity Act advances through the Senate.
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Falcons wins IEM Cologne Major 2026 with 3-0 sweep over FURIA
Team Falcons, a Saudi Arabian esports organization, defeated FURIA 3-0 in the grand final of the IEM Cologne Major 2026 on June 21, claiming a $500K first-place prize and the team's first major Counter-Strike 2 title in a 32-team tournament worth $1.25 million.
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Cardano launches Ouroboros Leios testnet as ADA hits 2020 lows
Cardano opened public testing for a major throughput upgrade while ADA fell to its lowest price since 2020, and a wallet provider disclosed a security breach affecting 16 million ADA tokens worth $2.4 million.