Articles by Khal
Latest from Khal
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Circle beats earnings as Arc blockchain gains BlackRock, DTCC backing
Circle Internet's stock rose 10% in premarket trading after beating earnings estimates, though revenue fell short. The stablecoin issuer's Arc blockchain network, launching Sept. 16, has secured backing from BlackRock, DTCC, ICE, Visa, and other financial giants planning to deploy tokenized assets.
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Bitcoin stalls as global equities hit records, AI absorbs capital
Bitcoin and the broader crypto market have failed to keep pace with record-setting global equity indices, as institutional and retail capital rotates toward AI-linked assets. U.S. spot bitcoin ETFs recorded $5.4 billion in net outflows during the first half of 2026.
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Shiba Inu Advisor Warns of Fraudulent Accounts as Ecosystem Expands Developer Tools
Mazrael, a Shiba Inu community advisor, issued a security reminder that no new official channels exist for the project while highlighting ecosystem progress including LEASH v2 and expanded developer documentation for Shibarium.
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XRP Ledger Transaction Execution Surges 70% as Token Price Stalls Below $1.10
The XRP Ledger recorded a 70% jump in transaction execution with 170,000 daily active users, yet XRP price remains trapped below major moving averages, highlighting a growing divergence between network growth and token performance.
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Ex-LAPD Officer Sentenced to Life Plus 15 Years for $350K Bitcoin Heist
Eric Halem, a former Los Angeles police officer, was sentenced Tuesday to life plus 15 years in state prison for leading a home invasion that netted $350,000 in Bitcoin from a teenager. Halem and three accomplices posed as police, handcuffed two victims in a Koreatown apartment on December 28, 2024, and stole cryptocurrency, cash, and jewelry.
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Bitcoin ETF inflows surge $170.1M on August 3 after $265M outflow
U.S. spot Bitcoin ETFs rebounded sharply on August 3, attracting $170.1 million in net inflows across seven funds after suffering a $265.4 million mass exit on July 31. BlackRock's IBIT dominated the recovery with $111.4 million, accounting for roughly 65.5% of the day's total.
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Boerse Stuttgart Digital, Tradias complete European crypto merger
Boerse Stuttgart Digital and Tradias have completed their merger, creating a combined digital asset infrastructure unit with approximately 300 employees that will offer trading, custody, staking and tokenization services across Europe.
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Three Missouri men charged in Bitcoin kidnapping plot
Three Missouri men were charged with conspiracy to steal Bitcoin through kidnapping and extortion. The defendants traveled to Connecticut to stake out a victim but abandoned the plan after two days, fearing detection by home security cameras.
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XRP ETFs Extend Four-Day Streak Without Outflows
U.S. spot XRP ETFs have maintained four consecutive trading days without outflows, though net inflows paused on August 4. The funds have accumulated $1.51 billion in cumulative inflows since launch, with total assets near $1 billion.
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Ethereum proposal would burn validator rewards, cut issuance to zero
Ethereum researchers proposed gradually burning validator rewards as staking rises, reaching 100% burn once roughly 60.25 million ETH is staked—driving net issuance to zero. The phased rollout over two years has divided the community, with critics warning it could centralize staking among large entities.
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Coldcard Hacker's $36M Wallet Becomes Blockchain Message Board
A wallet holding stolen funds from the Coldcard hardware breach has become an unlikely public forum, with victims and opportunists paying to leave permanent messages on the blockchain using Bitcoin's OP_RETURN feature.
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Bitcoin flat at $64K as stocks hit records, oil falls on Hormuz deal
Bitcoin held near $64,000 while major equity indices climbed to all-time highs and oil fell on Middle East negotiations. Ether fell 2% on the week, the only major cryptocurrency in the red.
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Dogecoin, XRP, and Hyperliquid Consolidate Amid Weak Market Momentum
Dogecoin, XRP, and Hyperliquid are trading with low volatility and declining volume, signaling weak conviction from both buyers and sellers as the broader crypto market struggles to attract fresh capital and liquidity.
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OpenAI releases emails to counter Apple trade secrets lawsuit
OpenAI published private messages and a detailed rebuttal challenging Apple's July lawsuit over alleged misappropriation of hardware trade secrets by former Apple employees, claiming the case rests on factual errors and employee confusion.
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AI drives over half of Africa's cybercrimes, INTERPOL 2026 report finds
INTERPOL's 2026 assessment reveals that AI is linked to 55% of reported cyber incidents in Africa, with losses surging to $484 million as organized scam centers proliferate and enforcement recovers only 20 cents per dollar lost.
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Clarity Act faces uncertain Senate vote as Toomey urges swift passage
Former Senator Pat Toomey publicly urged the Senate to pass the Clarity Act this week, legislation designed to divide regulatory authority between the SEC and CFTC. Market pricing for the bill's passage by end-2026 stands at 24.5%, down from 34% a week ago.
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37 Arrested in AI Data Center Protests as Movement Goes National
At least 37 people have been arrested during protests over AI data centers this year, according to reports. The arrests span communities nationwide where residents challenged projects over concerns about electricity, water, pollution, and transparency, signaling opposition expanding into a coordinated political movement.
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SpaceX Q2 2026 revenue hits $7.8B, 92% surge on Starlink growth
SpaceX posted Q2 2026 revenue of $7.8 billion, a 92% jump from Q1, exceeding analyst estimates. Starlink and its newly integrated AI division drove growth, though stock declines reflect investor concerns about spending discipline.
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Coldcard Bitcoin Exploit: $130M Stolen via Randomness Flaw
A flaw in Coldcard hardware wallets allowed attackers to brute-force private keys by exploiting weak entropy generation. More than 1,596 BTC have been stolen across confirmed waves, with a suspected fourth bringing the total to roughly 2,055 BTC worth approximately $130 million. Fixed firmware is now available.
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XRP Ledger launches native cross-chain transfers via Axelar
The XRP Ledger expanded its interoperability capabilities by integrating with Axelar Network, enabling native cross-chain asset transfers that settle in seconds. The move supports nine assets initially and reflects the ecosystem's shift toward production-grade tokenized finance infrastructure.
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Hyperliquid HYPE ETFs see $30M exodus after 12 sessions without inflows
Hyperliquid's HYPE ETFs recorded 12 consecutive trading sessions without inflows from mid-July through early August 2026, with $29.8 million in net outflows. BHYP absorbed the majority of redemptions as HYPE token declined 22.82% over 30 days.
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Coinbase, Visa, Mastercard back USDC alongside Open USD stablecoin
Executives at Coinbase, Visa and Mastercard said they plan to support multiple stablecoins, suggesting Open USD is another payments rail rather than a direct replacement for USDC. Circle's stock fell as much as 20% following the announcement.
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Coinbase Bullish on CLARITY Act as Passage Odds Plummet to 24%
Coinbase Vice Chair Ryan VanGrack told CBS News the CLARITY Act remains on track for passage before August recess, even as prediction markets show odds plummeting from 57% in June to 24% amid Senate Democratic delays.
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Spotify hits 300M paid subscribers despite price hikes in Q2 2026
Spotify crossed 300 million premium subscribers in Q2 2026, adding 7 million during the quarter despite price hikes across several regions. Revenue grew 14% year-over-year to €4.8 billion as the company expands into AI tools, fitness, and audiobooks.