Articles by Khal
Latest from Khal
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U.S. sanctions Iraqi oil trader Omid Haji Ahmad for Iranian smuggling
The U.S. has designated Omid Haji Ahmad to its sanctions lists for allegedly facilitating Iran's oil trade through deceptive cargo practices, part of broader enforcement efforts to restrict financial flows supporting Iran's nuclear ambitions.
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Rising U.S. Interest Costs Pressure Fed Rate-Hike Strategy
Bloomberg ETF analyst Eric Balchunas warns that surging federal debt-service costs could force the Federal Reserve to reconsider its rate-hike approach, complicating efforts to control inflation while managing fiscal pressures ahead of a mid-September policy meeting.
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XRP tests critical support as XRP Ledger activity collapses 59%
XRP is trading near $1.35 and testing a key support zone between $1.33 and $1.36, as on-chain metrics show sharp declines in XRP Ledger transactions, active users, and payments. Momentum indicators suggest neither strong bullish nor oversold conditions, leaving the asset vulnerable to further downside if support breaks.
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GEN Canyon wins sixth LCK title, bolsters Gen.G's World Championship bid
GEN Canyon claimed his sixth League of Legends Champions Korea title as Gen.G won the 2026 LCK finals, marking his third championship with the organization and enhancing their standing ahead of the World Championships.
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Clarity Act Still Viable, Novogratz Says Ahead of Senate Vote
Galaxy Digital CEO Mike Novogratz says the Clarity Act remains viable despite months of setbacks, with lawmakers negotiating key sticking points before a crucial Senate procedural vote on Tuesday.
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Iran denies war with Saudi Arabia after drone strike hits East-West pipeline
Iranian President Masoud Pezeshkian declared Iran is not at war with Saudi Arabia on September 12, a day after drones struck the kingdom's critical East-West pipeline. The attack, likely launched from Iraq, has strained diplomatic efforts and disrupted global oil supply.
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Guangdong Goworld denies Nvidia supply claims after stock surge
Guangdong Goworld issued a formal denial on June 26 that its products were certified by or supplied to Nvidia, after the Shenzhen-listed manufacturer's stock surged more than 20% on unverified trader speculation about AI chip supply chain involvement.
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Vivaldi CEO: Cryptocurrencies Should Have Been Banned for Political Influence
Jon von Tetzchner, CEO of Vivaldi browser, argued that cryptocurrencies should have been banned due to their use for political influence, citing lack of regulation and comparing the industry to social media companies that reshaped society.
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Putin Welcomes Modi, Xi's Ukraine Peace Offer at BRICS Summit
Vladimir Putin praised India and China's willingness to support a negotiated Ukraine settlement during the BRICS Summit in September 2026, though no concrete peace proposals emerged from the diplomatic engagement.
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Strait of Hormuz vessel attacked; oil supply concerns mount
A projectile strike on a vessel in the Strait of Hormuz on September 12-13 has intensified fears about global oil stability. The incident marks the latest disruption in a critical waterway that handles roughly 20% of world oil supplies, with shipping traffic and crude prices already volatile from months of escalating attacks.
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Thailand SEC proposes $151K daily cap on stablecoin transfers
Thailand's Securities and Exchange Commission approved consultation principles capping daily stablecoin transfers at 5 million baht ($151,000) per operator, restricting transfers to verified wallets and introducing income-based limits through February 2027.
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Shiba Inu 241B token netflow to exchanges signals profit-taking
Shiba Inu recorded a 241 billion SHIB netflow to exchanges in 24 hours, signaling heavy selling pressure despite early bullish price action. The positive netflow suggests traders are taking profits after recent recovery.
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South Korea expands espionage law to protect semiconductor technology
South Korea's revised Criminal Act, effective September 13, broadens espionage charges beyond enemy states to any foreign country, carrying three to 30-year prison sentences. The move targets record technology leaks in 2025, primarily hitting the semiconductor sector.
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Grayscale files to convert Litecoin Trust to spot ETF
Grayscale Investments filed an S-3/A registration statement with the SEC on September 11, 2026, to rebrand its Grayscale Litecoin Trust as a spot ETF. The conversion would give LTCN shares creation and redemption mechanisms, potentially aligning its trading price with the underlying Litecoin's value.
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Tesla Roadster Reveal Set for October 1, 2026 in Waco
Tesla set October 1, 2026, as the date for a public reveal of its next-generation Roadster in Waco, Texas—nearly nine years after the prototype debut. The reveal comes as the company attempts to rebuild investor confidence after absorbing at least eight production delays since 2017.
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Uniswap hits $70.6B monthly volume, surpassing top 3 DEXs combined
Uniswap handled $70.6 billion in trading volume over the past 30 days, eclipsing the combined output of PancakeSwap, BisonFi, and Meteora. The surge marks a 38% jump above the protocol's January-July average and underscores its dominance across multi-chain DeFi.
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Revolut data breach: spoofed government emails bypass authentication
Revolut disclosed on September 12 that it had shared sensitive customer data after receiving fraudulent requests from spoofed government emails that bypassed standard email authentication checks. The company says no funds were stolen and core systems remain secure.
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Iraq seizes 15 drone platforms after Saudi pipeline strikes
Iraqi authorities seized 15 drone launch platforms and dismissed a military commander following drone strikes on Saudi Arabia's critical East-West pipeline in early September 2026, signaling Baghdad's intent to prevent its territory from being used in regional attacks.
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Revolut phishing attack bypasses email security, exposes customer data
A spoofed government email passed all standard authentication checks and tricked Revolut into exposing customer identity documents, transaction histories, and Bitcoin activity. No passwords, PINs, or funds were compromised.
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Bitcoin fails to break $80K as Treasury yields hit three-year highs
Bitcoin struggled to breach the $80,000 level on September 11 as U.S. stocks climbed and long-dated Treasury yields hit their highest levels in years, with Wednesday's Fed decision looming large for the cryptocurrency's near-term direction.
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Coinbase launches tokenized stocks on Base for DeFi collateral
Coinbase rolled out tokenized versions of major US equities on its Base layer-2 network in August, enabling DeFi traders to use real equity positions as collateral. The initiative echoes the firm's USDC playbook and competes with emerging offerings from Kraken and Robinhood.
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Ripple exec names institutional credit collateral as XRP's killer use case
Ripple's product head Jazzi Cooper highlighted institutional credit collateral as a major potential use case for XRP, backed by upcoming lending protocol amendments to the XRP Ledger that enable on-chain institutional lending.
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Houthis seize Perim Island, control Bab el-Mandeb Strait
Yemen's Houthis took control of Perim Island after an 18-hour assault, gaining a position within a vital maritime chokepoint. The move poses a potential risk to global shipping routes, though military powers retain capacity to challenge Houthi control.
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Stablecoins mask remittance costs behind fast blockchain transfers
A Bank of Italy study examining $200 USDC transfers reveals that blockchain speed masks hidden conversion fees and banking delays, making stablecoins cheaper to send but harder to spend in local currency.