Articles by Khal
Latest from Khal
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Zcash Network Halt Reports Debunked; Orchard Pool Freeze Clarified
Reports claiming Zcash stopped producing blocks for over four hours were overstated, according to Helius CEO Mert. The network underwent an intentional freeze of its Orchard shielded pool to prevent a bug exploit, followed by a hard fork that restored normal operations.
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Stripe, Visa, Mastercard Launch Joint Stablecoin Platform
Stripe, Visa, and Mastercard are nearing the launch of a collaborative stablecoin platform, marking a significant push by traditional payment networks into digital dollar infrastructure. Coinbase is evaluating participation in the initiative.
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Stripe, Visa, Mastercard launch stablecoin platform with Coinbase interest
Payment giants Stripe, Visa, and Mastercard are launching a joint stablecoin platform, with Coinbase exploring participation. The move underscores intensifying competition in the $325 billion stablecoin market, dominated by Tether's USDT.
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Fairshake PAC sweeps 11 primary races with bipartisan crypto coalition
Fairshake-backed candidates won all 11 races they contested in Tuesday's primaries, including California Democrats and a South Dakota Republican, extending crypto's electoral winning streak and demonstrating a deliberate bipartisan strategy to influence Congress.
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Binance shuts down NFT marketplace, migrates users to Binance Wallet
Binance is sunsetting its NFT marketplace and moving users to Binance Wallet, giving holders until July 3, 2026 to withdraw assets or face loss of access. The exchange is offering fee reimbursements to incentivize migration.
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George Santos Referred to DOJ, CFTC Over Kalshi State of the Union Trades
Federal agencies are examining trades the pardoned ex-congressman George Santos allegedly placed on prediction market Kalshi against his own State of the Union attendance while publicly hyping his attendance, pocketing tens of thousands of dollars.
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$1.6B in Crypto Longs Liquidated as Market Selloff Deepens
Nearly $1.8 billion in leveraged crypto positions were wiped out in 24 hours, with long positions accounting for $1.6 billion of the damage. The liquidation marked the largest single-day wipeout since February 5.
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Mastercard Integrates Ripple's RLUSD Stablecoin Into Settlement Network
Mastercard has integrated Ripple's RLUSD stablecoin into its global settlement platform alongside other regulated stablecoins, expanding payment options for issuers and acquirers across multiple blockchain networks.
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Bitcoin crashes to $65K, triggering $1.8B in liquidations
Bitcoin fell to a nine-week low of $65,360, wiping out $1.83 billion in crypto liquidations across the market. The drop marks the largest liquidation event since February, amid geopolitical tensions and rising leverage concerns.
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FCA Warns Premier League Clubs Over Unlicensed Crypto Sponsorships
The UK Financial Conduct Authority has sent letters to Premier League clubs warning that crypto sponsorship partnerships with unlicensed firms could breach financial services laws and expose fans to unregulated trading platforms.
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SHIB Token Sees 669 Billion Unit Transfer to Exchanges in Single Day
Nearly 700 billion SHIB tokens moved to trading platforms on June 2, marking the highest single-day inflow in 30 days. The token broke key technical support as exchange reserves climbed toward 80.5 trillion.
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Bitcoin steadies at $67,000 after 9.5% weekly slide
Bitcoin recovered 0.7% on Wednesday but remains trapped in a critical range after shedding $6,000 in seven days. U.S. stocks hit record highs while AI tokens outperform, widening a divergence that's rattling crypto investors.
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FCA warns Premier League clubs over unauthorized crypto sponsorships
The UK's Financial Conduct Authority warned Premier League soccer clubs about sponsorship deals with unauthorized crypto firms, saying clubs could face legal liability and reputational damage if they enable such promotions.
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Trezor discloses chip flaw after Ledger audit, says user crypto remains secure
Trezor disclosed a security flaw in the TROPIC01 chip used in its Safe 7 device, uncovered by Ledger's Donjon research team. The company says the vulnerability poses no risk to user funds and requires physical access plus specialized equipment to exploit.
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DeFi security crisis blocks institutional adoption, banking executives warn
Asset managers and banking executives say blockchain's real value lies in transforming back-office operations, but rampant hacking and bridge vulnerabilities are preventing major financial institutions from adopting the technology.
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ABA Survey: 57% of Americans Oppose Stablecoin Yield Over Banking Risks
The American Bankers Association commissioned a survey showing 57% of respondents want Congress to block crypto platforms from offering yield-like returns on stablecoins, citing risks to community lending and deposit accounts.
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Hyperliquid HIP-4 event contracts hit $92M trading volume in May
Hyperliquid's HIP-4 event contracts generated $92 million in trading volume during their first full month of operation in May, averaging $3 million per day and signaling the platform's expansion beyond perpetual futures into prediction markets.
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SBI CEO: Crypto slowdown driven by capital rotation into tech IPOs
Yoshitaka Kitao, CEO of SBI Holdings, says institutional investors are liquidating crypto positions to raise cash for blockbuster U.S. tech IPOs from SpaceX, OpenAI, and Anthropic, which could collectively exceed $200 billion in fundraising.
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Bitcoin falls below $66K amid US-Iran tensions and liquidations
Bitcoin fell to $65,385 on Wednesday, its lowest level since late March, after shedding more than $4,500 on Tuesday as geopolitical tensions between the US and Iran intensified and crypto traders faced massive liquidations.
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US Treasury sanctions four Iranian crypto exchanges including Nobitex
The US Treasury sanctioned Iran's largest crypto exchange, Nobitex, and three others as part of its "Economic Fury" campaign, following Treasury Secretary Scott Bessent's announcement that the US had seized nearly $1 billion in crypto from Iranian exchanges since late February.
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Figure's humanoid robots impress in demos, but years from replacing workers
Figure showcased its humanoid robots performing basic tasks in May videos, but researchers say AI-powered robots still lack the adaptability to replace humans at scale, despite growing factory robot adoption worldwide.
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Crypto becomes contrarian bet as AI stocks dominate investor attention
Institutional investors are rotating away from crypto toward artificial intelligence stocks, making crypto a contrarian bet that now demands fundamental analysis over sentiment, according to Bitwise chief investment officer Matt Hougan.
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XRP breaks $1.25 support as selling overwhelms bullish signals
XRP fell below key support at $1.25 on June 2 despite bullish supply metrics, with traders now defending the $1.20 zone as technical selling overwhelms longer-term accumulation signals.
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Bitcoin, Ether, Solana longs wiped out in $1.84B liquidation cascade
Roughly $1.84 billion in leveraged long positions were liquidated across crypto exchanges in a single day, the largest unwinding since February, as Bitcoin fell below $66,000 and Ether broke under $1,900.