Articles by Khal
Latest from Khal
-
Strive's preferred-share issuance adds $12M to annual dividend burden
Bitcoin treasury company Strive increased its annualized preferred-dividend obligation by roughly $12 million in a single week after issuing 921,511 new SATA preferred shares to fund Bitcoin purchases. The company now holds 24,531 BTC.
-
Charles Schwab Files $4.8M XRP ETF Collateral Position
A regulatory filing shows Charles Schwab's Prime Advantage Money Fund holding nearly $4.8 million in XRP ETF shares as collateral across three separate products, signaling institutional adoption of ripple-linked exchange-traded funds.
-
Block seeks OCC approval for Builders Bank Bitcoin custody charter
Block, Jack Dorsey's fintech company, is seeking federal regulatory approval to establish Builders Bank & Trust, N.A., a national trust bank that would provide supervised custody and fiduciary services for Bitcoin and stablecoins.
-
Gemini Obtains Major Payment Institution License from Singapore MAS
Gemini's Singapore entity has obtained a Major Payment Institution license from the Monetary Authority of Singapore, allowing it to provide digital payment token services and cross-border transfers without transaction-volume limits.
-
Sinopec forecasts 600,000 bpd decline in China's oil demand for 2026
China's largest oil company projects a significant drop in the country's oil demand for 2026, signaling potential shifts in global energy markets and crude pricing dynamics.
-
Malone Lam pleads guilty to $245M crypto theft racketeering conspiracy
Singaporean national Malone Lam pleaded guilty to organizing an international network that stole more than $245 million in cryptocurrency through social engineering and home break-ins, with prosecutors alleging he directed associates from pretrial detention.
-
Fed's Warsh signals tighter policy stance amid inflation concerns
Federal Reserve Chairman Kevin Warsh expressed heightened inflation concerns at Jackson Hole, prompting market reassessment of rate-cut expectations and signaling a potential shift toward tighter monetary policy.
-
Strategy Doubles STRC Buyback to $2B as Preferred Shares Lag $100
Strategy expanded its preferred-stock repurchase program to $2 billion Tuesday, doubling the original authorization as STRC traded near $97—roughly 3% below its stated value—on Michael Saylor's informal September 8 recovery benchmark.
-
Crude oil climbs toward $100 as Middle East tensions escalate
Brent crude recently reached $94.65 per barrel and WTI hit $90.22 as U.S. sanctions on Iran and Middle East strikes influence global oil markets. Geopolitical risks remain one factor among OPEC production decisions and broader economic forces shaping prices.
-
US Oil Prices Surge 41% Since July, Nearing $95 Per Barrel
US crude oil has climbed to roughly $95 per barrel, marking a 41% increase since July 2nd, driven by geopolitical tensions and rising global demand. Prediction markets now price a 1.8% chance of a new all-time high by September 30.
-
Ethereum, Hyperliquid, Zcash face resistance as momentum cools
Major altcoins including Ethereum, Hyperliquid, and Zcash remain in bullish uptrends, but cooling momentum and proximity to resistance levels are raising the risk of near-term pullbacks. Technical indicators suggest consolidation ahead.
-
Iran Missile Strike on U.S. Bases in Jordan Sends Oil Prices Higher
Iran's missile attack on U.S. military bases in Jordan triggered an immediate rally in crude futures markets. The incident deepened Middle East supply concerns and added to a pattern of escalating Iranian strikes on regional facilities.
-
Iran tensions push European natural gas, heating oil to multi-year highs
Geopolitical tensions involving Iran are driving European energy prices sharply higher, with natural gas reaching levels unseen since early 2023 and heating oil climbing to $4.68 per gallon, signaling sustained cost pressures across energy markets.
-
Gundlach calls for 50 basis point Fed rate hike as US yields climb
Jeffrey Gundlach, a prominent bond investor, has called for a 50 basis point increase in the federal funds rate, citing expectations for continued upward pressure on US Treasury yields and tighter monetary policy.
-
Strategy's $250 Bitcoin Air Jordans sell out in four days
Strategy, the Saylor-led company holding 4% of Bitcoin's supply, sold out its limited-edition Air Jordans within four days of launch, expanding its bet on Bitcoin-themed consumer merchandise.
-
CleanSpark mined 593 Bitcoin in August, treasury at 13,703 BTC
Bitcoin miner CleanSpark produced 593 BTC in August and held 13,703 BTC in treasury as of month-end, while diversifying into AI and HPC data center leasing with a $6.6 billion contracted deal.
-
Bitcoin options traders bet on upside as spot selling eases
Glassnode's latest analysis shows Bitcoin call options becoming relatively more expensive than puts, signaling bullish sentiment, while US spot ETF inflows accelerated to $681.2 million. Yet aggressive selling on centralized exchanges persists, leaving the market fragmented.
-
Foreign buyers absorb $9.9B in US 2-year Treasury notes at auction
Foreign investors purchased $9.923 billion of 2-year Treasury notes at the latest auction, representing nearly a third of the short-dated offering and pushing yields lower through increased demand competition.
-
Mbappé wins second Champions League golden boot with record 15 goals
Kylian Mbappé received the UEFA Champions League top scorer trophy from Luis Figo after netting 15 goals in 11 appearances, setting a new league phase record. Despite individual accolades, the Champions League title has eluded him since joining Real Madrid.
-
Bitcoin Holds $78.5K as Markets Await Friday's Inflation Report
Bitcoin traded near $78,500 while stocks ground sideways Tuesday as oil prices surged toward $100 on U.S.-Iran tensions, lifting Fed rate-hike odds to 57% ahead of September's policy decision.
-
Strive Adds $109M Bitcoin; SATA Preferred Stock Nears $1B
Strive, the Vivek Ramaswamy-founded asset manager, purchased 1,375 BTC last week for $109 million, lifting its total holdings to 24,531 BTC ($1.9 billion). Seventy percent of the capital came from SATA preferred shares, which now total $999 million in notional value.
-
ElevenLabs reaches $11B valuation, targets 2028 IPO after $500M Series D
ElevenLabs closed a $500 million Series D round led by Sequoia Capital, valuing the AI voice company at $11 billion. CEO Mati Staniszewski signaled plans for a public offering around 2028, with revenue projected to exceed $500 million by mid-2026.
-
Robinhood Chain generates $42M in 70 days, driven by memecoin trading
Robinhood's Layer-2 blockchain pulled in $42.58 million in fees during its first 70 days of operation, averaging $608,000 daily. The revenue came primarily from memecoin activity rather than the tokenized stocks and real-world assets the company originally promised.
-
Qatar posts widest quarterly budget deficit in nearly a decade as LNG exports collapse
Qatar's second-quarter budget deficit reached $5.8 billion after a US-Iran conflict disrupted shipping through the Strait of Hormuz, cutting LNG exports by over 90 percent and pushing first-half deficits past the full-year budget projection.