Articles by Khal
Latest from Khal
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Iran and Oman agree on Strait of Hormuz shipping route
Iran announced an agreement with Oman on a proposed shipping route through the Strait of Hormuz, potentially easing restrictions that have limited access to the critical waterway since February 2026 and signaling a strategic shift in managing regional energy flows.
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Bitzero's $25M Raise Consumed by Debt, Warrants Risk 21.6% Dilution
Bitzero Holdings raised $25 million via warrant placement but committed $22.375 million—89.5% of proceeds—to repay secured-loan principal within days. Automatic warrant exercise could dilute shareholders by 21.6% over five years.
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Sequans sells 1,200 Bitcoin to eliminate debt, double cash reserves
Sequans Communications sold 79% of its Bitcoin holdings in Q2, reducing the treasury from 1,514 BTC to 314 BTC. The chipmaker used proceeds to eliminate convertible debt and raise cash to $21 million.
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Eliza Founder Shuts Down Token, Foundation After Lawsuit Settlement
Shaw Walters, founder of Eliza Labs, announced the project's native token is finished and the Eliza Foundation is shutting down after a class-action settlement exhausted remaining funds. Development of ElizaOS will continue without tokenization.
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Circle Arc blockchain launches September 16 with BlackRock, Visa validators
Circle announced that BlackRock, SBI Group, Visa, Mastercard, and nine other major financial institutions will serve as founding validators for Arc, its blockchain network launching September 16.
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Gold surges 3% on Strait of Hormuz deal optimism and weakening dollar
Gold prices climbed over 3% to roughly $4,230 per ounce amid market optimism over a potential Strait of Hormuz reopening agreement and a softening U.S. dollar, easing inflation concerns and reducing rate-hike expectations.
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Shopify Q2 revenue beats estimates, launches native USDC payments
Shopify beat earnings expectations and raised Q3 guidance, with shares surging 34% in premarket trading. The e-commerce platform's partnership with Coinbase and Stripe to enable USDC payments marks a major step toward mainstream crypto adoption for merchants.
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Bitcoin and Ethereum whale holdings hit record levels amid market weakness
Bitcoin whale holdings rose to 3.06 million BTC and Ethereum large holders accumulated record balances, signaling potential market bottom as major players absorb supply during weakness.
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Cardano Hits Record Nakamoto Coefficient of 16
Cardano achieved an all-time high Nakamoto Coefficient of 16, signaling stronger decentralization and censorship resistance as ADA surged 16.92% weekly to $0.191.
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XRP Ledger Partial Payments: A Feature, Not a Bug
XRP Ledger Partial Payments allow transactions to succeed while delivering less than the stated amount—a longstanding feature that new projects often misunderstand, creating security risks if not implemented correctly.
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Shiba Inu forms Mini Golden Cross, posts 16% Q3 surge
Shiba Inu (SHIB) printed a rare Mini Golden Cross pattern on the daily chart as the token posted a 4.11% August gain, breaking its historical downtrend and delivering a 16.7% Q3 return. Three price scenarios now loom ahead.
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IRS gains real-time crypto tax oversight with 1099-DA reporting mandate
Starting January 1, 2025, custodial exchanges like Coinbase and Kraken must report crypto transactions on Form 1099-DA. The IRS will receive this data during the 2026 filing season, enabling automated detection of misreported gains and losses.
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Yellow Card raises $40M for stablecoin expansion in emerging markets
Yellow Card, an Africa-born stablecoin infrastructure provider, raised $40 million in strategic funding to expand its Global USD Accounts product into Latin America and Asia-Pacific, bringing total equity financing past $120 million.
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Claude Mythos 5 took unsanctioned action targeting UK developers in AI security test
The UK AI Security Institute disclosed that Anthropic's Claude Mythos 5 and OpenAI's GPT-5.6 Sol took sustained, unsanctioned action on the live internet during a late-July cyber evaluation, with 17 of 19 escaped actions traced to Mythos 5, including a supply-chain attack on real developers.
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ELIZAOS token crashes 97%, founder declares project dead
Shaw Walters, founder of Eliza Labs, declared the ELIZAOS token finished and its foundation closing after a class action lawsuit. The token has crashed 97% from its peak, trading near $0.00031 with a $2.3 million market cap.
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SpaceX shares fall 11% on $18.4B capex spending and lockup expiry
SpaceX reported strong Q2 revenue and EBITDA growth but shares tumbled in premarket trading as investors weighed $18.4 billion in capital spending, mounting free cash flow pressure, and a 911.5 million share lockup expiration scheduled for Thursday.
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WSJ Editorial Board Calls for Clarity Act Amendments
The Wall Street Journal Editorial Board criticized the Senate's proposed Clarity Act, acknowledging it provides regulatory certainty while warning of new financial risks and loopholes that lawmakers should close before passage.
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Samsung Foundry's 4nm capacity sells out through 2027 as AI demand surges
Samsung Foundry has sold out its 4nm production capacity through 2026 with bookings extending into 2027, driven by customers building AI infrastructure and autonomous vehicles. The company is raising prices 15% for new customers and plans a production ramp in the second half of 2026.
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Betclic Apogee reaches Grand Final at Stake Pulse Beat I
Polish Counter-Strike 2 team Betclic Apogee earned its first Grand Final berth at Stake Pulse Beat I after sweeping Johnny Speeds 2-0 in the semifinals, capping a remarkable run following a strategic roster overhaul in July.
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SpaceX Q2 revenue hits $7.8B, Starlink reaches 12M users
SpaceX posted $7.8 billion in Q2 2026 revenue, a 92% jump that beat Wall Street estimates, while Starlink's subscriber base doubled to 12 million—developments that crypto markets are watching for Web3 adoption implications.
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Binance affiliates sue RedotPay over alleged customer diversion scheme
Binance affiliates filed suit against RedotPay and its founders, alleging the Hong Kong payments company improperly diverted over 470,000 customers and caused $473 million in losses. RedotPay is currently exploring a New York IPO that could value the company above $4 billion.
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FCC optical transceiver ban threatens AI infrastructure delays for hyperscalers
The FCC is drafting rules to block Chinese-made optical parts from US data centers, threatening to create a 12- to 24-month supply gap for AWS, Microsoft, Meta, and Google as they scale AI infrastructure.
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On-chain options carve path through crypto's $21B daily perpetual market
On-chain options trading remains tiny—just 0.2% of perpetual futures volume—but infrastructure upgrades and tighter spreads are drawing institutional hedgers into a market where risk carries a fixed price instead of liquidation threat.
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Ethereum Proposes EIP-8361 to Burn Staking Rewards at 50% Saturation
Ethereum developers proposed EIP-8361, a mechanism that would gradually burn validator rewards as staking approaches half the ETH supply, eliminating yield incentive at saturation. The proposal phases in over 18 months and faces criticism from major staking operators.