Articles by Khal
Latest from Khal
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Mastercard enables stablecoin settlement across global payments network
Mastercard is expanding its settlement infrastructure to support on-chain stablecoin transactions across multiple blockchain networks, with deployments starting in the U.S. and Latin America.
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Bitcoin plunges below $66,000 as global stocks hit fresh records
Bitcoin fell 6.4% to $65,708 in Asian trading Wednesday, while Ether dropped 7.9% below $1,900, even as the MSCI All Country World Index and semiconductor stocks reached fresh all-time highs on the AI rally.
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Cardano's TapTools shuts down after five executives depart
TapTools, a widely-used Cardano analytics platform, announced it will begin winding down over two weeks following the departure of five executives including both co-founders. The platform remains open to acquisition or external funding.
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Bitcoin drops 12% as investors flee to dollar stablecoins
Bitcoin dropped 12% to $66,800 this week as crypto investors shift capital into dollar-linked stablecoins. Tether dominance hit 8.30%, the highest since late February, even as traditional markets remain calm.
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Cardsmiths' America250 Trading Cards Bundle Bitcoin, Dogecoin Rewards
Cardsmiths has released Currency Series 6 in partnership with America250, a congressionally-established organization marking the country's 250th anniversary. Limited-edition packs include random crypto redemption cards for Bitcoin, Ethereum, Litecoin, and Dogecoin, with top prizes reaching a full Bitcoin worth approximately $66,600.
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Bond traders position for Fed rate hikes as early as mid-2027
Bond traders are now positioning for potential Federal Reserve rate hikes as early as mid-2027, a reversal from earlier dovish expectations. The shift reflects persistent wage growth, a resilient labor market, and rising oil prices tied to Middle East tensions.
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Microsoft unveils seven AI models, claims wins over Claude and Google
Microsoft unveiled seven new AI models at its Build event, claiming its flagship reasoning and image systems outperform Anthropic's Claude Sonnet 4.6 and Google's Nano Banana 2 on independent benchmarks and image-editing tasks.
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Microsoft Scout: Enterprise AI Agent Built on OpenClaw
Microsoft announced Scout at Build 2026, an AI agent built on OpenClaw that integrates with Teams, Outlook, OneDrive, and SharePoint to automate workplace coordination tasks for Microsoft 365 users.
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Coinbase Ventures backs Ethena ahead of savings product launch
Coinbase Ventures bought Ethena tokens as the exchange prepares to launch an onchain savings product with the protocol, marking the first time Ethena products reach Coinbase's user base of over 100 million.
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Galaxy Digital launches OTC prediction markets for institutions
Galaxy Digital launched over-the-counter prediction markets for institutional investors, completing a $10 million trade with hedge fund Arca tied to the proposed CLARITY Act crypto legislation.
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NYDFS and EBA sign stablecoin oversight memorandum
The New York Department of Financial Services and European Banking Authority signed a non-binding memorandum of understanding to coordinate oversight of the $314 billion stablecoin sector, including emergency protocols for operational failures.
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Strive Raises $4.2B, Buys 2,500 Bitcoin as Strategy Trims Holdings
Bitcoin asset manager Strive purchased 2,500 Bitcoin while raising $4.2 billion through equity and a new daily-dividend security, drawing a Buy rating from Benchmark-StoneX. Strategy sold 32 Bitcoin, its first sale since 2022.
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Bitwise CIO: Crypto Becoming Contrarian Bet as AI Stocks Dominate
Bitwise CIO Matt Hougan said crypto is shifting from a momentum-driven market to a contrarian trade as investors rotate toward AI stocks and regulatory uncertainty around the Clarity Act keeps capital sidelined.
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Coinbase Ventures invests in Ethena, deepens ENA partnership
Coinbase Ventures invested in Ethena through an open market purchase of ENA, deepening a partnership that makes Coinbase the primary custodian, wallet provider, and perpetuals venue. ENA rose over 15% on the news.
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Ripple launches RLUSD stablecoin in Turkey, MENA's largest crypto market
Ripple launched its dollar-backed RLUSD stablecoin in Turkey on June 2 through partnerships with three local exchanges, betting on institutional demand in a market handling nearly $200 billion in annual crypto transactions.
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Movement gains US, Canada, EU payment rails for stablecoin settlement
Movement, a Move-based blockchain network, announced access to licensed payment infrastructure across three major regions, shifting its focus toward stablecoin-based settlement and cross-border remittances as part of a broader industry pivot toward payments.
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Trump Signs AI Executive Order on Cybersecurity and Model Review
President Trump signed an executive order Tuesday aimed at strengthening U.S. cybersecurity with advanced AI, directing agencies to accelerate AI-powered security tools and establish a voluntary review process for advanced models before public release.
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Hive Digital Reports 158% Revenue Surge, Pivots to AI Data Centers
Hive Digital Technologies posted $297.8 million in revenue for fiscal 2026, more than doubling its Bitcoin mining output to 2,885 BTC while announcing plans for a 320-megawatt AI data center in Canada.
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Crossmint Launches Visa Card Payments API for AI Agents
Crossmint unveiled a public API enabling AI agents to execute Visa card payments using tokenized credentials, addressing a security gap in agentic commerce where developers previously lacked standardized payment rails.
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Strategy's Bitcoin Sale Unlikely to Trigger Crypto Selloff Cascade
Crypto analysts say Strategy's recent sale of 32 BTC doesn't signal a wave of similar moves by other digital asset treasury firms, pointing instead to each company's distinct financial position as the determining factor.
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Coinbase invests in ProShares IQMM ETF for stablecoin reserves
Coinbase has invested in ProShares' GENIUS Money Market ETF (IQMM) to expand its stablecoin strategy into reserve management, positioning the product as a compliant vehicle for backing payment stablecoins under federal standards.
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Zama accelerates compliance after court lifts $12.5M USDC freeze
Privacy protocol Zama said it will accelerate compliance measures after a US court lifted a temporary freeze on approximately $12.5 million in USDC, stemming from an unrelated legal dispute involving Overnight Finance stakeholders.
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Anthropic expands Claude Mythos access to 150 orgs ahead of IPO filing
Anthropic is expanding access to its Claude Mythos AI model through Project Glasswing to roughly 150 tech and security firms, days after the company confidentially filed for an IPO with the SEC.
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Gary Vaynerchuk: AI is the biggest entrepreneurial opportunity ever
Entrepreneur Gary Vaynerchuk argues AI is lowering barriers to business creation and favoring creative architects over routine executors, while strengthening the case for blockchain technology.