Articles by Khal
Latest from Khal
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Trump Media's $890M Bitcoin stash faces options exposure and counterparty risk
Trump Media held 14,139 BTC worth $890.5 million as of July 31, but has pledged collateral for options strategies and lending arrangements that expose the company to liquidation risk and counterparty insolvency, according to recent SEC filings.
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Tron USDT supply hits $87.9B record as network transfers surge to $2.1T
Tron's stablecoin ecosystem reached all-time highs during the second quarter, with USDT supply hitting $87.9 billion and the network processing $2.1 trillion in transfers, though decentralized exchange activity declined for a fourth consecutive quarter.
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Nvidia Releases Nemotron 3.5 Lightning to Cut Enterprise AI Costs
Nvidia unveiled Nemotron 3.5 Lightning, a 30-billion-parameter open mixture-of-experts model, and NeMo Switchyard, an open-source routing library, designed to help enterprises reduce AI operational costs by matching tasks to the most efficient available model.
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eToro acquires TradeZero as crypto revenue drops 30% in Q2
eToro announced the acquisition of US brokerage TradeZero on Tuesday as the trading platform reported crypto-related revenue declined about 30% year-over-year to $1.34 billion in Q2 2026, with total revenue falling to $1.59 billion from $2 billion in the prior-year period.
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UBS Upgrades PCB Maker to Buy on AI Infrastructure Demand
UBS upgraded a printed circuit board manufacturer from neutral to buy, citing expectations of sustained demand growth tied to AI data center expansion and geopolitical reshoring trends.
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Trump Media reports $238M Q2 loss, revamps crypto treasury strategy
Trump Media reported a $238 million net loss in Q2, driven by $190.4 million in unrealized losses on digital assets and securities. The company says it will adopt a more disciplined approach to its crypto holdings while refocusing on its core media business.
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SharpLink reports $1.08B loss; $1.7B Ethereum treasury faces 90-day liquidation
Ethereum treasury company SharpLink posted a $1.08 billion net loss for the six months ended June 30, driven primarily by non-cash accounting charges tied to ETH price movements and staking derivative impairments. The company's $1.7 billion treasury could take up to 90 days to fully liquidate.
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SEC charges Adit Ventures CEO Eric Munson with investor fraud
The Securities and Exchange Commission has charged New York-based venture capital firm Adit Ventures Management and CEO Eric Munson with defrauding investors and misappropriating client assets, marking a significant enforcement action against a firm managing roughly $500 million.
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Dormant Bitcoin wallet holding 26.96 BTC wakes after 12 years
A Bitcoin address inactive since January 2014 moved 26.96 BTC worth $1.75 million on August 10, 2026, realizing an approximate 7,975% gain. Galaxy Research flagged the awakening, part of a broader trend of long-dormant wallets reactivating.
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BTCPay Server patches critical Lightning vulnerability, awards 0.42 BTC
BTCPay Server disclosed a critical vulnerability in its Lightning integration that exposed LND node credentials to remote attackers, patched the flaw in version 2.4.2, and donated 0.42 BTC to security researchers who responsibly disclosed the issue.
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Marathon Digital secures $750M crypto loan via Coinbase, Two Prime
Marathon Digital borrowed $750 million against 18,750 Bitcoin through Coinbase Credit and Two Prime Lending, one of the largest institutional crypto-backed loans to date. The deal underscores institutional appetite for Bitcoin lending but also exposes the miner to liquidation risk if prices fall sharply.
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Wall Street Weighs Local Opposition as Data Center Credit Risk
Banks and asset managers are increasingly factoring local resistance and community opposition into financing decisions for data center projects, treating public backlash as a material credit risk alongside traditional environmental and zoning assessments.
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Bezos, Saverin, Bhatia near $6B Liverpool Football Club stake
Jeff Bezos, Facebook co-founder Eduardo Saverin, and investor Amit Bhatia are in advanced negotiations to acquire roughly 30% of Liverpool Football Club in a deal valuing the club near $6 billion, with a possible announcement expected in mid-August 2026.
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Web3 Design Flaws Exclude Low-Capital Users, Says ChangeNOW's Shangett
ChangeNOW's Pauline Shangett argues that Web3's accessibility gap isn't just about user error—it's a design problem that penalizes people with smaller capital and limited savings, particularly in emerging markets where crypto adoption is surging.
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Lambda closes $1B loan for Nvidia chip expansion in AI race
Lambda, an AI cloud infrastructure company, closed a $1 billion syndicated credit facility led by J.P. Morgan to deploy next-generation Nvidia accelerators and expand data centers, marking a shift toward traditional corporate debt financing in the AI boom.
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Fed Chair Warsh Completes Crypto Divestiture Under Ethics Pledge
Federal Reserve Chair Kevin Warsh has completed his promised financial divestiture, according to an updated Office of Government Ethics certification signed Thursday, resolving conflicts tied to his extensive crypto and venture holdings.
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ESL Pro League Season 24 returns to Katowice with $1M prize pool
ESL Pro League Season 24 will take place in Katowice, Poland, from October 3 to 11, featuring 16 teams competing for a $1 million prize pool with $300,000 distributed directly to players and $700,000 allocated to clubs in a fully in-person LAN format.
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CPI data this week could reshape Fed rate-hike expectations
Market participants are weighing this week's economic data releases, particularly Wednesday's Consumer Price Index, to assess whether the Federal Reserve will pause or continue rate increases. A cooler-than-expected CPI could reinforce expectations for a rate pause and support risk assets.
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Fantom backer Harry Yeh found dead after fall from Paraguay tower
Harry Yeh, founder of Quantum Fintech Group and prominent figure in the Fantom ecosystem, was found dead on August 7 outside a residential complex in Asunción, Paraguay, after falling from approximately the 30th floor. Authorities are investigating the cause.
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Bitcoin miner rejects BIP-110 despite Ocean pool backing
Simple Mining, operating through Ocean pool, used the DATUM protocol to independently reject BIP-110, a proposal to block non-financial data storage in Bitcoin transactions. The miner's block 961,634 continued the main chain while BIP-110 supporters' minority fork stalled after just two blocks.
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Bitcoin tops $65,000 as inflation data and equities near records
Bitcoin rose above $65,000 on Monday, gaining nearly 3% for the week as global stocks approached record highs following a weak U.S. jobs report that eased rate-hike concerns. Most major cryptocurrencies followed equities higher, with only XRP trading in the red.
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U.S. congressman proposes strategic Bitcoin reserve with tax-free treatment
A U.S. congressman introduced legislation establishing a federal Bitcoin reserve and eliminating capital gains tax on the asset, signaling potential shifts in crypto policy. The bill remains in committee.
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Empery Digital sells 1,635 BTC, shrinks liquid reserves to 325 coins
Bitcoin-treasury company Empery Digital sold $102.2 million worth of BTC from July through early August, cutting its liquid reserves to 325 BTC as collateral demands and planned investments strain cash reserves.
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XRP Ledger Volume Drops 90% From Peak, Signals Normalization
XRP Ledger's daily payment volume collapsed from over 600 million XRP on August 7 to near-baseline levels by August 9, a 90% decline. But the drop reflects abnormal peak normalization rather than loss of core transaction demand, analysts say.