Articles by Khal
Latest from Khal
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Bitcoin rebounds to $85,877 amid profit-taking and leveraged positioning
Bitcoin rebounded 11.65% over the week with spot inflows and on-chain participation, but futures open interest, funding, and realized profit-taking all climbed above historical bands, creating tension between retail buying and institutional leverage unwinding.
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GameStop's $31M Bitcoin gains locked out by covered calls
GameStop sold covered calls on roughly 2,000 BTC with a $70,000 strike price maturing Sept. 25, but Bitcoin surged past $85,600, locking in potential upside the company cannot capture. The final economics depend on contract terms and whether positions remain open.
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Grayscale AI Compute ETF (GCPU) Launches With GPU Futures Exposure
Grayscale launched its AI Compute ETF (GCPU) on September 18, offering investors direct exposure to GPU compute futures rather than traditional tech equities or server rentals.
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Nvidia CEO: AI infrastructure costs $50B–$60B per gigawatt
Nvidia CEO Jensen Huang told G20 innovation ministers that building a single gigawatt of AI computing infrastructure would cost between $50 billion and $60 billion, underscoring the massive capital requirements needed for global AI competitiveness.
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Moscow Exchange launches crypto perpetual futures with 600B ruble turnover
Moscow Exchange launched perpetual futures contracts tied to Bitcoin, Ethereum, Solana, XRP, and Tron on September 22, allowing qualified investors to gain crypto price exposure without holding the underlying assets. Cumulative turnover has exceeded 600 billion rubles.
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Binance invests $100M in Circle, expands USDC partnership
Binance has invested $100 million in stablecoin issuer Circle through a private stock placement, deepening their five-year agreement to promote USDC on the exchange with monthly incentive payments tied to wallet holdings.
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Westinghouse files for $50B IPO on nuclear energy surge
Westinghouse Electric, whose reactor tech powers over half the world's nuclear fleet, has confidentially filed for a US IPO targeting a valuation north of $50 billion, signaling accelerating demand for nuclear baseload power amid AI data center growth and shifting federal policy.
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ECB proposes liquidity thresholds to replace MiCA stablecoin deposit rules
The European System of Central Banks wants to replace mandatory bank-deposit requirements for stablecoin reserves with liquidity thresholds, citing risks that sudden withdrawals could strain lenders during a stablecoin run.
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Beefy Finance launches Cowcentrated Liquidity Manager on Ethereum
Beefy Finance deployed its Cowcentrated Liquidity Manager on Ethereum mainnet on July 20, marking the protocol's first foray into Ethereum liquidity after running CLM vaults across other blockchains for nearly two years.
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Major banks warn AI shopping agents outpace fraud protections
A consortium of major banks including Bank of America, NatWest, and Capital One released a joint report on September 22, 2026, warning that AI shopping agents pose regulatory and security risks, and calling for mandatory disclosure requirements and stronger consumer protections.
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Drone strike damages Zaporizhzhia nuclear plant's radiation lab, IAEA confirms
A drone attack hit the Zaporizhzhia Nuclear Power Plant's external radiation control laboratory on May 3, damaging meteorological equipment, the IAEA confirmed after inspecting the site. No injuries or radiation release occurred.
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ECB proposes liquidity-focused alternative to MiCA's stablecoin reserve rule
The European Central Bank submitted a formal response to the European Commission recommending elimination of MiCA's percentage-based bank-deposit mandate for stablecoins, proposing instead a liquidity-focused framework requiring reserves to mature within one to five working days.
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Saudi Arabia Restarts East-West Oil Pipeline, Resumes Yanbu Exports
Saudi Arabia has restarted its east-west pipeline and is preparing to resume crude oil exports from the Yanbu port following a September drone attack that halted operations and forced cargo cancellations.
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Binance Faces US Probe Over Iran-Linked Trading Violations
Federal prosecutors are investigating whether Binance violated sanctions on Iran by allowing trading on its platform, raising questions about whether the exchange's 2023 compliance overhaul was genuine. The probe comes three years after Binance pleaded guilty to sanctions violations and paid $4.3 billion in settlements.
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Moxie Marlinspike launches Confer, privacy-first AI chatbot with end-to-end encryption
Moxie Marlinspike, the cryptographer behind Signal, launched Confer in December 2025, an AI chatbot that encrypts conversations on users' devices and processes queries in isolated hardware enclaves, preventing the operator from accessing or monetizing data. The platform challenges mainstream AI industry practices and will integrate into Meta AI by March 2026.
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Crypto industry deploys $206 million to reshape 2026 midterm races
Crypto corporations have become the largest disclosed corporate donor sector in the 2026 midterms, channeling $206 million through super PACs and hybrid PACs as of Q2, according to Public Citizen's FEC analysis. Fairshake leads the network with $137.9 million in receipts and $108.3 million in cash reserves.
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White hats secure 52 Bitcoin from Coldcard exploit, move to Wyoming trust
Security researchers rescued approximately 52 Bitcoin from the Coldcard vulnerability and transferred it to a Wyoming-based trust for victims, representing about 40% of the second wave of compromised funds.
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Dutch police arrest two men for EURC token fraud targeting Rolex sellers
Dutch authorities arrested two suspects accused of using counterfeit EURC tokens to trick Rolex sellers on Marktplaats into handing over luxury watches in an elaborate cryptocurrency fraud scheme during August 2025.
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Bitcoin breaks $87K as 50-week average reclaim sparks rally
Bitcoin closed above the 50-week moving average for the first time since November 2025, then surged to $87,000 intraday. Historical precedent suggests strength, but on-chain data and positioning reveal a mixed picture beneath the surface.
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Bitcoin volatility halves as institutional capital deepens crypto liquidity
Ben Nadareski, CEO of Solstice, argues that institutional capital and deeper liquidity are dampening the extreme volatility that defined previous crypto market cycles, with Bitcoin's realized volatility falling sharply as trading volumes surge.
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Verda raises $155M to expand AI cloud infrastructure across Europe
Helsinki-based cloud infrastructure company Verda closed a $155 million funding round to expand data centers across Europe, the UK, US, and Asia, positioning itself as a European-first alternative to AWS, Google Cloud, and Microsoft Azure.
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BlackRock to invest in Mynt's $1.5B IPO for GCash, Philippines' largest public offering
BlackRock is reportedly buying shares in Mynt Inc.'s initial public offering, which could raise up to $1.5 billion and become the largest IPO in Philippine history. The listing is expected around October 19-20 under ticker GCASH.
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Animoca Brands suspends Currenc reverse merger, delays Nasdaq listing
Animoca Brands and Currenc Group have mutually suspended their reverse merger agreement, delaying the Hong Kong gaming firm's planned Nasdaq debut. Both parties cited market conditions and closing timelines in their decision but left the door open for future discussions.
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Morphotonics raises €40M for data center optics and semiconductor packaging
Netherlands-based deeptech firm Morphotonics secured €40M in funding from 3M Ventures, Innovation Industries, BOM, and Invest-NL to scale manufacturing and deepen its presence in data center optics and semiconductor packaging markets.