Articles by Khal
Latest from Khal
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Metaplanet Invests 2,100 BTC in Super League, Rebrands as Superplanet
Metaplanet announced a $132 million Bitcoin investment in Super League and plans to rebrand as Superplanet, Inc., a U.S.-based Bitcoin treasury platform trading on Nasdaq under ticker SUPA, pending shareholder and regulatory approval by Q4 2026.
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HashKey deploys HKDAP stablecoin for Hong Kong-UAE cross-border trade
HashKey Exchange is deploying HKDAP, Hong Kong's first regulated HKD-pegged stablecoin, to settle cross-border trade with the UAE and Middle East—tapping a $49 billion corridor and expanding beyond institutional insurance trials into mainstream commerce.
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Ethereum Platåberget Testnet Goes Live for Glamsterdam Upgrade
The Ethereum Foundation announced the Platåberget public testnet is now live, marking the next phase of testing for the Glamsterdam upgrade scheduled to fork on August 20. The testnet will run for several months and includes major changes like Enshrined Proposer-Builder Separation and gas repricings.
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Bitcoin taker buy volume hits exhaustion, signaling sharp volatility ahead
Bitcoin's 30-day average taker buy volume on Binance has fallen to approximately $3.3 billion, a level that has historically preceded major market inflection points and now coincides with spot trading at multi-year lows.
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Ethereum Glamsterdam upgrade breaks 21,000 gas constant for new accounts
Ethereum's Glamsterdam upgrade introduces state gas charges for new account creation, ending a decade-long flat 21,000 gas fee for simple transfers. Wallets and DeFi protocols must adapt or face failing transactions.
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Aave's E-mode concentrates half of debt in 9% of positions
Galaxy's August analysis found that fewer than 9% of loans on Aave V3 Core use E-mode and account for roughly half of all outstanding debt, concentrated in a bet on Ethereum staking wrappers versus ETH itself.
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Ethereum Glamsterdam upgrade breaks 21,000 gas rule for new addresses
Ethereum's next major upgrade, Glamsterdam, will charge significantly more gas to send ether to brand-new addresses than existing ones, breaking a decades-old assumption that all ETH transfers cost 21,000 gas units. The Ethereum Foundation warned wallet makers and fee calculators to update their software or risk rejecting valid payments.
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OpenAI and CodeAI Partner to Close AI Literacy Gap in Schools
OpenAI and CodeAI announced a partnership to help students build AI literacy and learn responsible tool use, addressing a stark gap where 84% of students use AI but only 16% receive formal education on how it works.
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Texas Stock Exchange lands first primary ETF listings, challenging NYSE and Nasdaq
The Texas Stock Exchange has secured its first primary listings from two ETFs, including Westwood's PWRX fund, positioning itself as a transparent alternative to the traditional equity market incumbents.
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Chainalysis sues ICE over $94.6M blockchain forensics contract to TRM Labs
Chainalysis filed a bid protest in federal court challenging ICE's $94.6 million sole-source contract award to rival TRM Labs for blockchain forensic tools, arguing the agency's decision was arbitrary and unreasonable.
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Bitcoin Funding Rates Hit 20-Month High Amid Leveraged Long Bets
Bitcoin's derivatives market is showing concentrated bullish positioning, with funding rates reaching their highest level in approximately 20 months. The shift signals heavy leveraged long bets, though liquidation risk remains if support breaks.
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Bitcoin Holds $64K as Treasury Yields Hit 2007 High, Oil Surges
Bitcoin traded near $64,100 on Tuesday, up 1% on the day, as the 30-year Treasury yield hit 5.33%—its highest since 2007—and Brent crude topped $91 amid US-Iran escalation. Stocks fell for a third session while crypto held firm.
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Chanos Exits MSTR-Bitcoin Arbitrage as Valuation Premium Compresses
James Chanos closed his MSTR short-Bitcoin long position on November 7, 2025, after the company's valuation premium to its Bitcoin holdings narrowed from 3x to 1.23x, according to reporting on the legendary short-seller's latest trade.
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KuCoin shifts perpetual contracts to hourly funding settlement
KuCoin activated an automatic rule on August 17 that moves USDT- and USDC-margined perpetual contracts to hourly funding settlement when funding rates hit contract-specific limits. Returning to four-hour settlement requires 36 consecutive hours of stable rates below 0.002%.
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Oil prices surge as US-Iran ceasefire expires, bond yields rise
Oil prices and U.S. bond yields rose following the expiration of the ceasefire agreement between the United States and Iran, with prediction markets pricing in modest odds of crude reaching new all-time highs by year-end as geopolitical tensions escalate in the Middle East.
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General Atlantic revives IPO plans as US listings rebound
General Atlantic, a $130 billion growth equity firm founded in 1980, is restarting its IPO process after shelving plans for nearly three years. JPMorgan Chase, Morgan Stanley, and Goldman Sachs are leading the offering as US IPO market conditions strengthen.
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Gold hits $4,417 as US dollar weakens on lower Fed rate hike odds
Spot gold climbed to $4,417.24 per ounce as the US dollar fell to a two-month low, driven by weaker-than-expected July jobs data and declining expectations for a September Fed rate increase. The probability of a rate hike dropped to 33% from 51.2%.
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Prediction Markets Show 74% Odds of No Fed Rate Change in September
Polymarket, Kalshi, and Myriad are aligned on a standstill: traders across three major prediction platforms are pricing roughly 74% odds that the FOMC will hold rates steady at its September 15–16 meeting, matching economist consensus.
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Brent crude tops $90 amid Middle East tensions, US stocks decline
Brent crude oil prices exceeded $90 per barrel as Middle East geopolitical tensions added a risk premium to energy markets, triggering a decline in U.S. stock prices and signaling potential market volatility ahead.
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Tom Lee Forecasts Ethereum to Outperform Bitcoin in Coming Years
Fundstrat co-founder Tom Lee forecasts Ethereum will significantly outperform Bitcoin, citing emerging use cases in tokenization and agentic AI as catalysts that could exceed previous crypto cycle tailwinds.
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US investment-grade bond sales hit third monthly record on AI spending
US corporate bond issuance reached $1.681 trillion through July 2026, up 26.9% year-over-year, as hyperscale tech firms borrow at record pace to fund artificial intelligence infrastructure projects.
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CFTC seeks public comment on AI compute futures as CME eyes October launch
The CFTC is preparing to solicit public feedback on futures contracts tied to AI computing capacity, with CME Group planning to launch two contracts on October 5 pending regulatory approval. The White House review could delay the timeline for CME and Intercontinental Exchange's compute futures products.
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Treasury's Bessent Fast-Tracks Stablecoin Rules Under GENIUS Act
U.S. Treasury Secretary Scott Bessent announced the Treasury is moving toward practical implementation of the GENIUS Act, launching federal rules for payment stablecoins with mandatory licensing and a 60-day public comment window.
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Netlist DDR5 patent complaint triggers AI server selloff, Super Micro falls 4%
Netlist filed an ITC complaint alleging DDR5 patent infringement by Micron, Super Micro, HPE, and Lenovo, triggering sharp stock declines in the AI infrastructure sector despite Dell's inclusion in the selloff.