Articles by Khal
Latest from Khal
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JPMorgan warns rapid oil decline could catch traders off-guard above $100
JPMorgan strategists caution that a swift oil price pullback could destabilize markets, even as Brent crude breaches $100 per barrel on Middle East tensions. The bank projects an average of $97 for 2026, suggesting current levels are a ceiling, not a floor.
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Strategy Inc. repurchases $139M preferred stock, holds 845,050 bitcoin
Strategy Inc., led by Michael Saylor, repurchased $139 million of its Variable Rate Series A Perpetual Stretch Preferred Stock while maintaining 845,050 bitcoin holdings and $6.4 billion in USD assets, signaling a focus on balance-sheet strengthening through liquidity management.
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Galaxy Digital appoints Taylor Reinhardt as head of investor relations
Galaxy Digital appointed Taylor Reinhardt, a Wall Street veteran from Perella Weinberg Partners, as head of investor relations to manage communication across its diverse shareholder base as the company expands its data center and power infrastructure business.
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India Tokenizes $620B Corporate Bond Market With Digital Rupee
India's SEBI and RBI launched "Demat 2.0," a pilot program that issues corporate bonds as blockchain tokens and settles them with the wholesale digital rupee. Three companies have already raised approximately $107 million through the framework.
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Bitcoin faces volatility as CLARITY Act Senate vote and Fed rate hike loom
Bitcoin traders face a volatile week as the Senate prepares a Tuesday vote on the CLARITY Act—a 635-page crypto regulatory framework—while the Federal Reserve is poised to announce a 25-basis-point rate hike that could reshape market conditions.
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Symbiosis Recovers 15 BTC from Bridge Exploit, Shifts to 20% Recovery Bounty
Cross-chain protocol Symbiosis recovered $1.1 million in Bitcoin from a Friday bridge exploit after an attacker refused a white-hat bounty, now offering 20% for information leading to asset recovery.
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Amundi builds defensive position in two-year Treasuries as growth risks mount
Amundi, which oversees €2.58 trillion in assets, is buying two-year US Treasuries as a hedge against economic slowdown driven by elevated oil prices and geopolitical tensions in the Middle East.
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Bitcoin Suisse cuts 60 Swiss jobs, shifts back-office to Slovakia, Vietnam
Bitcoin Suisse announced September 11 that it would relocate back-office and software development roles to Bratislava and Vietnam, cutting up to 60 positions in Switzerland as the 13-year-old firm transitions to a global wealth manager.
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Anthropic CEO's AI slowdown call triggers semiconductor selloff
Anthropic CEO Dario Amodei's essay calling for a deliberate slowdown in frontier AI development triggered immediate selloffs across semiconductor stocks, with Intel and AMD each falling over 4% as investors weigh the threat to AI infrastructure spending.
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DFO Management takes Baldwin Insurance private in $7.7B deal
DFO Management and Sequence Holdings are taking Baldwin Insurance Group private in a $7.7 billion deal valued at $32.50 per share, freeing the Tampa-based commercial insurer from public market pressures to accelerate acquisition-driven growth.
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ByteDance Secures $29.6B Syndicated Loan for AI Infrastructure
ByteDance closed a $29.6 billion unsecured syndicated loan arranged by nearly 30 banks, making it Asia's second-largest dollar-denominated loan of 2026. The deal underscores the company's strategic pivot toward overseas AI expansion and data center infrastructure.
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Dollar Holds Steady as Yen Climbs on BOJ Rate-Hike Bets
The dollar index remains near 99.15 while the yen approaches a seven-month high against the greenback, driven by market expectations for a Bank of Japan rate increase and shifting geopolitical pressures on oil prices and carry trades.
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ECB's Kazaks signals more rate hikes as euro inflation holds at 3.3%
European Central Bank Governing Council member Martins Kazaks said the ECB's 2.5% deposit rate isn't a ceiling, signaling more tightening ahead as inflation remains well above the bank's 2% target.
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Bitcoin ETFs shed $463M as Ether ETFs gain $197M
US spot Bitcoin ETFs posted $462.7 million in net outflows last week, reversing three consecutive weeks of inflows, while Ether ETFs recorded nearly $197 million in net inflows, led by BlackRock's ETHA.
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BlackRock Bitcoin ETF sees $19M redemption amid spot fund outflows
BlackRock's iShares Bitcoin Trust (IBIT) saw $19.23 million in client redemptions on September 11, marking the largest single-fund outflow across US spot Bitcoin ETFs that day. The broader category experienced roughly $463 million in outflows over four trading days, driven by shifting Federal Reserve monetary policy expectations.
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Robinhood CEO: Stock Issuers Shouldn't Veto Tokenized Shares
Robinhood CEO Vlad Tenev argued that companies should not have veto power over tokenized stock products unless they change shareholder rights or issuer obligations, drawing criticism from AMC Entertainment.
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Spot Bitcoin ETFs see $462.7M outflows as Fed rate decision nears
US spot Bitcoin ETFs recorded their worst week in months with $462.7 million in net outflows between September 8 and 11, as markets price in an 87% probability of a Fed rate hike on September 16.
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South Korea's NPS appoints Kyuhong Lee as CIO of $1.4T fund
Kyuhong Lee, a veteran investment executive, has been appointed Chief Investment Officer of South Korea's National Pension Service, effective September 15. He takes the helm of one of the world's largest public pension funds, managing approximately $1.4 trillion in assets.
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Europe launches consolidated tape to unify stock market data
The European Securities and Markets Authority authorized EuroCTP B.V. to operate a unified market data feed starting September 14, 2026, aggregating pricing data from roughly 130 EU trading venues to enhance transparency and boost retail participation in equities.
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DHS PITT Program Flags Americans for Police Stops Based on Spending
The Department of Homeland Security operates a secretive program called PITT that analyzes Americans' financial records and flags suspicious activity to local law enforcement, raising civil liberties concerns about surveillance and due process.
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Oil prices surge 2% after strikes on Saudi Arabia, Strait of Hormuz
Oil prices rose more than 2% following new attacks on Saudi Arabia and the Strait of Hormuz, a critical chokepoint for global crude shipments. Traders cited supply-risk concerns as markets priced in potential disruption risks.
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SoftBank shares tumble 13% as AI leaders call for safety slowdown
SoftBank Group's stock dropped more than 13% on September 14 after AI company leaders, including Anthropic's Dario Amodei and OpenAI's Sam Altman, raised concerns about rapid AI development and delayed IPO timelines, exposing the risks of the conglomerate's concentrated bet on OpenAI.
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Anthropic and OpenAI face Trump admin pressure on AI safety and China competition
The Trump administration's push for AI dominance over China collides with internal safety concerns at Anthropic and OpenAI, creating a rare moment where geopolitics and caution intersect—complicating both innovation timelines and investor confidence.
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SoftBank secures $11.87B loan for OpenAI stake, betting $64.6B total
SoftBank Group has taken out an $11.87 billion loan to fund its OpenAI investment, bringing its total commitment to roughly $64.6 billion and securing a 13% ownership stake in the AI firm. The Japanese conglomerate's aggressive bet on OpenAI comes as it navigates significant financial leverage and valuation risk.