Articles by Khal
Latest from Khal
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Robinhood routes World Cup contracts to Rothera in live infrastructure test
Robinhood has begun routing select FIFA World Cup event contracts through Rothera, its co-owned derivatives exchange, marking a shift away from reliance on Kalshi and a test of its own integrated trading platform ahead of a full Q2 2026 launch.
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Monterey Park becomes first US city to ban data centers with 86% voter support
Monterey Park became the first American city to enact a permanent data center ban after voters approved Measure NDC with overwhelming support, setting a precedent for local resistance to energy-intensive infrastructure.
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Bitcoin $60K Level Risks Cascading Liquidations, Deribit Warns
Bitcoin trading near $60,000 faces structural risk from institutional cost basis, $1.2 billion in put options, and leveraged longs that could trigger automated liquidations if the level breaks, according to Deribit's chief commercial officer.
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Šefčovič demands EU-US trade deal honor 15% tariff ceiling
EU Trade Commissioner Maroš Šefčovič is pressing for the finalized EU-US trade agreement to honor the 15% tariff ceiling negotiated at Trump's Turnberry resort in August 2025, as President Trump threatens to raise auto tariffs to 25% citing slow EU implementation.
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Strategy's leveraged Bitcoin model faces stress test as stock tumbles below par
Michael Saylor's Strategy sold 32 BTC and $128 million in shares, triggering a 16% Bitcoin decline and a 12.8% drop in STRC to a two-month low. Analysts warn the leveraged model strains the broader market.
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SpaceX pitches $75 billion IPO directly to retail investors via video
SpaceX released a marketing video on June 4 directed by CFO Bret Johnsen to pitch its upcoming IPO, planning to allocate up to 30% of the projected $75 billion offering to individual investors worldwide—a significant departure from typical IPO practice.
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Anthropic warns AI agents could soon improve themselves without human intervention
Anthropic researchers Marina Favaro and Jack Clark warned that AI development is accelerating toward autonomous self-improvement, with improvements doubling every four months. They called for a slowdown to allow time for safety research and societal alignment.
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Bitcoin falls to $62,715 as Broadcom chip miss triggers risk-off
Bitcoin fell 1.9% to $62,715 on Friday as Broadcom's disappointing chip guidance halted the AI rally and dragged equities and crypto lower across Asia. Ether and Solana dropped over 4%, while HYPE token slid 14.8%.
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Gold settles above $4,500 as Middle East ceasefire weakens dollar
Gold futures hit $4,505 per ounce on June 4 following a ceasefire agreement between Israel and Lebanon, as a weaker dollar and falling oil prices boosted bullion demand while investors retreated from the debasement trade.
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Amazon unveils Vulcan, tactile-sensing robot for warehouse automation
Amazon introduced Vulcan at a May 2025 event in Germany—a robotic system with tactile and force-sensing capabilities designed to handle 75% of warehouse items at human-comparable speeds while complementing, not replacing, human workers.
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Google commits $40 billion to Texas data center and renewable energy through 2027
Google announced a $40 billion investment in Texas cloud and AI infrastructure, including the Meitner Energy Center—a data center paired with over 1 gigawatt of renewable generation capacity—marking the company's largest state-level commitment in the US.
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Google, Intersect Power break ground on Meitner Energy Center in Texas
Google and Intersect Power have begun construction on the Meitner Energy Center, a combined data center and renewable energy complex in the Texas Panhandle designed to run entirely on clean energy from day one.
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Nvidia CEO Jensen Huang strengthens South Korea supply ties
Nvidia CEO Jensen Huang visited South Korea from June 5-8, combining public appearances with meetings at Samsung, SK Hynix, and Hyundai to secure critical HBM chip supplies and discuss AI infrastructure expansion.
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QuickSwap Expands to Base, Targeting Multi-Chain DeFi Leadership
QuickSwap, a decentralized exchange, deployed its full service suite on Base, Coinbase's Layer 2 network, following a governance vote in May 2025. The move positions the protocol across more than eight EVM-compatible chains as it competes in a crowded DEX landscape.
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Kalshi launches Bloomberg Terminal-style interface for institutional traders
Kalshi, a CFTC-regulated prediction market platform, is developing a professional trading interface modeled after Bloomberg Terminal. The platform raised $1 billion in Series F funding and now reports $178 billion in annualized trading volume.
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US jobless claims jump to 225K, signaling Fed rate cut shift
Initial jobless claims climbed to 225,000 for the week ending May 30, overshooting economist estimates and marking the highest four-week average since February. The data strengthens the dovish case for earlier interest rate cuts, which could ease financial conditions and support crypto markets.
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Hut 8 hires ex-NextEra finance veteran for investor relations amid AI pivot
Hut 8 appointed Mark Eidelman, a former J.P. Morgan banker with 17 years of experience managing over $75 billion in financings, as Head of Investor Relations and Senior Vice President of Strategic Finance effective June 4, 2026. The move supports the company's push toward investment-grade credit status and lower capital costs.
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Blackstone BCRED caps buybacks at 5% as redemption requests hit 10%
Blackstone's BCRED fund saw shareholder buyback requests jump to roughly 10% in Q2 2026, worth $4.4 billion, but capped fulfillment at its standard 5% quarterly limit, potentially extending exit timelines for investors seeking liquidity.
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Bitcoin ETFs log $4.4B in outflows over record 13-day losing streak
US spot Bitcoin ETFs experienced their longest redemption streak since launching in January 2024, with $4.4 billion in cumulative withdrawals over 13 consecutive trading days beginning May 14. Bitcoin fell 21% during the period amid profit-taking and macroeconomic caution.
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Moomoo launches Kalshi prediction markets for retail traders
Moomoo announced a partnership with Kalshi on June 4, 2026, enabling retail traders to access CFTC-regulated event contracts covering Federal Reserve decisions, political events, and sports outcomes.
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Solana SIMD-0550 proposal doubles disinflation rate, cuts $1.5B emissions
SIMD-0550 proposes doubling Solana's annual disinflation rate from 15% to 30%, potentially eliminating $1.5 billion in future SOL emissions and reaching terminal inflation in 2.8 years instead of 5.7. The proposal has backing from Solana Labs co-founder Anatoly Yakovenko but raises concerns about validator revenue.
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Logistics costs hit four-year high, signaling persistent inflation risks for Fed
Logistics costs surged to their highest level since 2022, driven by Middle East tensions and shrinking transportation capacity. The spike complicates the Federal Reserve's inflation outlook and could delay rate cuts.
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Bitcoin and Ethereum Face Steep Technical Headwinds as Oversold Signals Emerge
Bitcoin has broken below critical moving averages and fallen near $63,000, while Ethereum trades around $1,760 after losing support near $2,000. Both assets show extreme oversold conditions, but analysts warn that such readings don't guarantee a bottom in downtrends.
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Palantir and Kirkland & Ellis launch AI fund formation engine
Palantir Technologies and Kirkland & Ellis announced a multiyear partnership to develop AI-powered tools for private equity fund formation, with Kirkland backing the initiative with $500 million in total AI investment.