Articles by Khal
Latest from Khal
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Federal Reserve pushes Congress for technology-neutral tokenized securities rules
Federal Reserve Vice Chair Michelle Bowman testified that tokenized securities should face identical capital requirements as traditional assets, signaling the Fed's shift toward principles-based crypto regulation and removing barriers to bank participation in blockchain markets.
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XRP Breaks Below $1.28 Support as Zcash Surges Above $600
XRP has fallen below the $1.28–$1.30 support zone and now trades beneath all major moving averages, signaling a bearish turn. Meanwhile, Zcash has climbed from below $250 in April to above $600, showing relative strength in a struggling crypto market.
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Strive raises $8.1M daily via SATA despite Bitcoin's 50% drawdown
Strive, a publicly traded asset manager, is pulling in an average of $8.1 million per day through its SATA perpetual preferred stock program even as Bitcoin sits in a 50% drawdown, signaling sustained investor appetite for Bitcoin exposure through structured products.
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SEC eliminates pattern day trader rule, removes $25K barrier for retail traders
The SEC approved amendments to FINRA Rule 4210 on April 14, 2026, scrapping the pattern day trader designation and replacing rigid trade limits with real-time risk assessments by brokers, effective June 4, 2026.
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Private Credit Redemptions Surge: Apollo, Ares, Blackstone Shares Fall
Major alternative asset managers saw shares drop sharply on June 3 as private credit funds grappled with redemption requests exceeding typical caps, with some funds facing withdrawal pressure as high as 41% and a shortfall of $4.6–$5 billion in unmet requests.
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Casascius Bitcoin from 2011 Redeemed for $1.78 Million
A 15-year-old Casascius Physical Bitcoin containing 25 BTC was redeemed on Tuesday, worth approximately $1.78 million today—a stark contrast to its sub-$100 value when minted in 2011.
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Crypto PACs spend $3.5M to sweep primaries in California, New Jersey, South Dakota
Nearly a dozen candidates across California, New Jersey, and South Dakota won primaries after receiving support from crypto industry-aligned PACs that spent $3.5 million on media buys. The spending was coordinated by groups affiliated with Fairshake, a super PAC backed by Coinbase and Ripple Labs.
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Perplexity Hybrid Inference Splits AI Work Between Device and Cloud
Perplexity announced a hybrid inference system that automatically routes AI tasks between user devices and cloud servers. The system launches in July and aims to reduce costs while protecting sensitive data.
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Defend Developers PAC launches crypto political funding push for 2026 midterms
A new political action committee backed by DeFi leaders is joining the crypto sector's campaign-funding push, targeting incumbent lawmakers who support developer protections and blockchain innovation.
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Bitcoin Falls to Two-Month Low Amid Middle East Tensions
Bitcoin dropped 2.4% to $65,699 after U.S. military operations in the Strait of Hormuz sent oil futures and Treasury yields climbing, dragging equities down alongside crypto.
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Law enforcement warns of World Cup crypto scams targeting ticket buyers
The Los Angeles County Sheriff's Department and FBI are alerting World Cup fans to fake ticketing sites and cryptocurrency payment schemes ahead of the 2026 tournament in North America. Scammers are using AI to clone legitimate FIFA pages and promote fraudulent crypto projects.
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Bitcoin tests 2022 bear-market script as 50-month moving average support weakens
Bitcoin hovered near two-month lows Wednesday, prompting traders to warn that a key 50-month moving average support level may fail as 2022 bear-market patterns repeat in 2026.
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Mastercard Expands Stablecoin Settlement with USDC and RLUSD
Mastercard is expanding settlement capabilities across regulated stablecoins including Circle's USDC and Ripple's RLUSD, enabling intraday, weekend, and holiday transactions on multiple blockchains including Ethereum, Solana, and the XRP Ledger.
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Starknet launches Shieldnet privacy toolkit with strkBTC wrapper
Starknet has consolidated its privacy tools under the Shieldnet banner, launching strkBTC—a shielded Bitcoin wrapper pegged 1:1 to BTC—alongside STRK20, a framework enabling private DeFi transactions on the Ethereum Layer 2 network.
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Strategy's Bitcoin Sale Triggers STRC Depeg, Raising Leverage Risks
Strategy disclosed a 32 BTC sale intended to "inoculate" the market, but the move triggered a 5.2% drop in STRC preferred stock and renewed scrutiny of its leverage-heavy funding model. Analysts are split on whether the sale signals a structural flaw or navigable friction.
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Binance revenue-sharing deal with Alpaca for stock trading infrastructure
Binance disclosed a revenue-sharing agreement with Alpaca, which provides brokerage and custody infrastructure for the exchange's stock trading product. Binance will receive 50% of Alpaca's order-flow fees and 65% of profit from stock lending.
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Standard Chartered to acquire Zodia Custody by August
Standard Chartered's full acquisition of Zodia Custody is on track to close by end of August. CEO Julian Sawyer says every bank will need digital asset custody capability as the industry matures toward real-world asset tokenization and stablecoin payments.
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Zcash patches critical double-spending flaw in Orchard privacy pool
The Zcash Foundation disclosed and patched a critical vulnerability in its Orchard privacy pool that could have enabled double-spending. No exploitation occurred. The network deployed a full upgrade Wednesday, restoring functionality while ZEC surged 10% in 24 hours.
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Grayscale launches lowest-fee Hyperliquid ETF amid ETF competition
Grayscale's new Hyperliquid Staking ETF (HYPG) began trading on Nasdaq with a 0.29% management fee, undercutting competitors as three major ETFs race for inflows in the fast-growing Hyperliquid ecosystem.
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Cardano Founder Warns Ecosystem Collapse if Funding Dries Up
Charles Hoskinson warned that defunding Cardano development could trigger the collapse of dozens of third-party companies relying on ecosystem support, as platforms like Tap Tools and JPG Store already announce shutdowns.
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Fed's Williams: New tariffs unlikely to significantly impact inflation
Federal Reserve Bank of New York President John C. Williams stated that new tariffs are not expected to have a significant impact on inflation, with market pricing suggesting stable expectations for rate cuts in 2026.
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CoinDesk 20 Index Falls 0.6% as Bitcoin Cash Plunges 10.7%
The CoinDesk 20 Index fell 0.6% to 1862.4 since Tuesday's close, with Bitcoin Cash plunging 10.7% and Binance Coin sliding 3.4%. NEAR and Stellar led gainers with 15.1% and 5.7% rises.
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IREN shares rise 4% on 800MW Australian AI data center campus
IREN announced plans for its first major Australian data center campus in South Australia, securing a grid connection for up to 800MW of power with energization targeted for 2028.
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Bitcoin re-tests $65,300 floor for third time since February
Bitcoin fell to $65,300 overnight before recovering to $67,000 ahead of U.S. stock market open. This marks the third test of the February 6 low since the spring, following successful recoveries in February and March.