Articles by Khal
Latest from Khal
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Japan's ruling party backs legal framework for crypto ETFs and yen stablecoins
Japan's Liberal Democratic Party submitted a proposal to create a legal framework for crypto ETF trading and promote yen-based stablecoins, positioning the country to join major markets like the U.S. and Hong Kong.
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Strava restricts API access, introduces monthly fee ahead of IPO
Strava is charging developers for API access and tightening restrictions, moves that may hinder third-party innovation as the fitness platform prepares for a public offering.
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Revolut invests €1 billion in Paris HQ, targets 20M French users by 2030
Revolut announced a €1 billion investment in France over three years, establishing a Western Europe headquarters in Paris's Bourse district and pursuing a full French banking license to serve its 7 million existing customers and reach 20 million by 2030.
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Strategy Sold 32 Bitcoin for $2.5M in Late May, Filing Shows
Strategy disclosed its first bitcoin sale in an 8-K filing Monday, selling 32 coins between May 26 and May 31 at an average price of $77,135 per coin to fund preferred stock distributions.
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SK Hynix fire and HF leak evacuates 3,600 at Cheongju chip plant
A fire at SK Hynix's Cheongju facility triggered a hydrogen fluoride gas leak on June 1, forcing the evacuation of roughly 3,600 employees. Six to seven workers were hospitalized for eye irritation, but production remained uninterrupted and no lasting health effects were reported.
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Coinbase Launches Direct Indian Rupee Rails After Regulatory Clearance
Coinbase has returned to India with direct INR banking infrastructure, allowing traders to deposit and withdraw rupees without intermediary conversions. The move marks a reversal from the exchange's 2022 exit following informal RBI pressure.
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MicroStrategy Holds STRC Dividend at 11.5% for Fourth Month
MicroStrategy maintained its perpetual preferred stock STRC at an 11.5% dividend rate for the fourth straight month, keeping shares near the $100 par value that supports the company's bitcoin acquisition strategy through its at-the-market program.
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Bitcoin and ether fall as spot ETF outflows hit record $2.97B
Bitcoin fell to $72,700 and ether lost 1% on June 1 as major cryptocurrencies extended losses into a new month. A record 10 days of net withdrawals from spot bitcoin ETFs drained $2.97 billion, while U.S. equity futures rose.
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Cadence ChipStack AI Super Agent cuts chip verification from weeks to hours
Cadence Design Systems launched an autonomous AI agent on June 1 that reduces RTL validation cycles by 40x, compressing a standard five-week verification process to under a day. Built on Nvidia's Nemotron models, the technology reshapes semiconductor design workflows.
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Bitcoin falls below $73,000 as Iran tensions weigh on crypto
Bitcoin dropped below $73,000 following strikes on Iranian targets, adding geopolitical risk to crypto volatility. President Trump said Iran wants a deal, but a proposed 60-day ceasefire remains unsigned as traders watch key support levels.
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Wise faces Belgian money laundering probe over fraud and drug trafficking
Belgian prosecutors opened a criminal investigation into Wise's accounts over possible money laundering tied to fraud, drug trafficking, and corruption, sending the fintech company's shares sharply lower and raising questions about its compliance remediation efforts.
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Nvidia Vera Rubin platform unveiled at GTC Taipei, targets $1 trillion orders by 2027
Jensen Huang announced Nvidia's Vera Rubin platform on June 1 at GTC Taipei, claiming up to 10x lower inference costs than Blackwell and targeting $1 trillion in combined orders for both architectures by 2027. Production ships autumn 2026.
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NYDIG: $1.26B IBIT block trade signals whale exiting Bitcoin position
Greg Cipolaro of NYDIG says a $1.26 billion block trade in BlackRock's IBIT last week shows a large holder exited a concentrated position, accepting a $1.01 discount to market price to execute immediately.
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Crypto exploit losses plunge 90% in May to $68.3 million
Crypto platform exploit losses dropped to $68.3 million in May, a 90% decline from April's $650 million. May marks the third month of 2026 with losses under $100 million, though cross-chain bridges remain the most targeted infrastructure.
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Cardano Foundation Cancels 2026 Summit After Governance Vote Fails
The Cardano Foundation canceled its 2026 annual conference after governance voters rejected a revised proposal to spend $1.84 million on the event, falling short of the required 66.67% approval threshold.
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Security researcher recovers $2M from 2016 Ethereum ICO contract bug
A whitehat researcher named 0xflorent identified an integer-overflow flaw in the HongCoin token sale contract, enabling the recovery of 1,003.62 ETH stuck since 2016 for 48 original investors. It's his second major recovery in eight days.
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XRP drops to $1.32 as sellers overwhelm exchange outflows
XRP hit a 15-week low as heavy selling overwhelmed signs of investor accumulation, leaving the market caught between outflows and downward price pressure.
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Wintermute Extends Trading to Prediction Markets with Two-Sided Liquidity
Wintermute, which handles $3.5 trillion in annual trading volume, announced it is extending its institutional trading to prediction markets, posting continuous bid-ask spreads on leading venues without naming specific platforms.
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Bitcoin ETF Outflows Hit Record $2.97B as Wall Street Rallies on AI
U.S. spot bitcoin ETFs logged a record 10-session, $2.97 billion outflow streak through May 29, while oil's climb and stalled Iran talks weighed on crypto even as global equities hit new highs on AI enthusiasm.
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NY Lawsuit Claims Ownership of 3.8M Bitcoin Including Satoshi's Addresses
An anonymous plaintiff filed a lawsuit in New York Supreme Court claiming ownership of approximately 3.8 million Bitcoin, including wallets believed to belong to Satoshi Nakamoto, worth an estimated $293 billion. The case relies on New York's abandoned property laws dating to 1958.
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Nvidia Unveils Nemotron 3 Ultra at Computex 2026
Nvidia CEO Jensen Huang launched the Nemotron 3 Ultra AI model at Computex 2026 in Taipei on June 1, featuring 500-550 billion parameters and up to 5x higher throughput than previous versions. The keynote positioned Nvidia as a full-stack AI platform company rather than a chipmaker, with no mention of blockchain initiatives.
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Nvidia RTX Spark: First consumer PC chip ships this fall
Nvidia unveiled the RTX Spark, its first consumer PC chip for laptops and mini-PCs shipping this fall, putting the company in direct competition with Intel, AMD, Apple, and Qualcomm. The company claims it's the most efficient PC chip ever built but hasn't released benchmarks to support the claim.
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Nvidia and Microsoft partner on Arm-based N1X Windows PCs
Nvidia CEO Jensen Huang and Microsoft announced a three-year partnership centered on Nvidia's Arm-based N1X platform, marking the first Windows PCs powered by Nvidia chips as the primary processor and positioning the company as a direct competitor to Intel and AMD.
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US Dollar Steadies as Geopolitical Tensions Reshape Rate Expectations
The US dollar index held steady on June 1 after weekly losses, while Bitcoin traded between $70,000 and $73,000 amid Iran tensions, oil price swings, and shifting Federal Reserve rate expectations that have reversed market bets from cuts to potential hikes.