Articles by Khal
Latest from Khal
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XRP Burn Rate Drops 35% as Network Activity Weakens
XRP's burn rate fell 35% in 24 hours as network activity weakens amid market volatility, creating mixed signals even as the token shows modest price gains and holds above key support levels.
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U.S. seizes $1 billion in Iranian cryptocurrency under Operation Economic Fury
The United States seized approximately $1 billion in cryptocurrency tied to Iran as part of Operation Economic Fury, a Treasury-led campaign to restrict Tehran's access to overseas revenue, banking networks, and digital assets. Treasury Secretary Scott Bessent said the action is contributing to worsening economic conditions in Iran, including military payment failures and inflation exceeding 200 percent.
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Nvidia launches Arm-based N1 processors for Windows PCs with Microsoft, Dell
Nvidia will launch its first Windows PC processors next week during Computex and Microsoft Build, with devices from Surface and Dell confirmed. The Arm-based N1 and N1X chips integrate CPU, GPU, and AI acceleration.
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Republican Candidate Liquidates $800K Bitcoin for Florida Congressional Bid
Michael Carbonara, a Republican candidate for Florida's 22nd Congressional District, converted 10 Bitcoin to $800,000 in USDC stablecoin to fund his campaign, arguing blockchain technology can improve government transparency.
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XRP Lending and Collateral: Flare CEO Outlines DeFi Strategies
Hugo Philion, Flare's co-founder and CEO, outlined how XRP holders can deploy their tokens as collateral to access yield-generating lending strategies, marking a shift from payment-focused use cases to DeFi opportunities on the XRP Ledger.
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Microsoft threatens legal action against researcher over zero-day exploits
Microsoft's Digital Crimes Unit has disabled accounts and threatened legal action against security researcher Nightmare Eclipse for publishing zero-day exploits, sparking debate over vulnerability disclosure practices and researcher safety.
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Bitcoin Depot files Chapter 11 as regulators shut down crypto ATM industry
Bitcoin Depot, North America's largest Bitcoin ATM operator, filed for Chapter 11 bankruptcy on May 18 after revenue collapsed 49% year-over-year. The collapse reflects a broader regulatory crackdown on crypto ATMs, which authorities cite as vectors for fraud and money laundering targeting elderly victims.
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Binance targets 3 billion users by 2030 as crypto and traditional finance converge
Binance aims to grow its active user base tenfold to 3 billion by 2030, betting on a merger between crypto infrastructure and traditional finance. Catherine Chen, the exchange's Head of VIP and Institutional, said financial institutions increasingly prefer integrating with crypto platforms rather than building infrastructure alone.
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SoFi becomes first US national bank to launch stablecoin in consumer app
SoFi Technologies launched SoFiUSD on May 27, making it the first US national bank to integrate a stablecoin directly into a consumer banking application. The dollar-backed token is now available to SoFi's 14.7 million members on Ethereum and Solana.
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Iran downs second Israeli Orbiter drone near Strait of Hormuz
Iran's military shot down two Israeli surveillance drones near the Strait of Hormuz in late May while the US and Iran pursued peace negotiations, raising concerns about energy security in a critical global oil chokepoint.
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Bitcoin tests $74K as Trump signals Hormuz reopening
Bitcoin briefly recovered to the $74,000 level on May 29 after President Trump indicated he would finalize an Iran deal requiring the Strait of Hormuz to reopen, a geopolitical signal that could ease oil-inflation pressures on risk assets when traditional markets reopen Monday.
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Bitcoin Treasury Firms Face Credibility Test, BSTR Founder Says
Sean Bill, co-founder of Bitcoin treasury company BSTR, argues that many competitors lack the capital structure and deployment ability to justify their existence, creating a market divided between firms with real financial strategies and those relying on promotion.
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Fed's Interest-Rate Tool Loses Grip as Bond Market Decouples
For 50 years, the Federal Reserve's interest-rate moves aligned with bond market forces. Now, massive federal debt and trillion-dollar deficits have severed that link—rate cuts no longer pull down long-term borrowing costs, and the Fed's traditional policy tool has lost its grip on the real economy.
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US Treasury Seizes $1 Billion in Iranian Crypto Assets
Treasury Secretary Scott Bessent disclosed that the US has seized approximately $1 billion in Iranian crypto assets, double the figure announced in late April, as part of Operation Economic Fury, a financial pressure campaign targeting Iran's regime.
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Qatar Opposes Permanent Strait of Hormuz Toll, Seeks Temporary Deal
Qatar is rejecting Iran's push for permanent navigational fees on the Strait of Hormuz, calling them a violation of international law, while negotiating a temporary arrangement to restore passage through one of the world's most critical oil chokepoints.
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Tesla faces lawsuit from 10 Beijing owners over Full Self-Driving ads
Ten Tesla owners in Beijing filed a lawsuit alleging deceptive advertising over the Full Self-Driving package, seeking refunds and triple damages under Chinese consumer protection law. The case adds to mounting legal pressure on Tesla globally.
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TikTok's AI Remix Feature Sparks Creator Backlash Over Non-Consensual Default
TikTok enabled an AI remix feature by default on all existing videos in April 2026, forcing creators to manually disable it for each upload. The decision triggered widespread backlash over consent and transparency, leading TikTok to pause the experimental tool.
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Bitcoin, Ether Lag S&P 500's Nine-Week Rally as Spot ETF Demand Cools
The S&P 500 posted its longest winning streak since 2023 while major cryptocurrencies drifted lower. Bitcoin fell 2.6% and ether dropped 2.5% as cooling spot bitcoin ETF inflows pressured prices, though Hyperliquid's HYPE token surged 19.4%.
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Kalshi hires former FBI analyst Tyler Neff for surveillance
Prediction market platform Kalshi appointed Tyler Neff, a former FBI analyst, to its surveillance unit reporting to enforcement head Robert DeNault, signaling a shift toward proactive compliance as regulatory pressure mounts across the sector.
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Bitcoin's quantum threat: encrypted messages, not wallet keys
Andrew Gault, a venture capitalist backing quantum hardware startups, says the bitcoin industry is fixated on protecting wallet keys while overlooking a bigger risk: encrypted traffic moving between exchanges and custodians that adversaries could harvest and decrypt later.
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Bitdeer Reports Zero Bitcoin Holdings After Liquidating 206.2 BTC
Bitdeer, the NASDAQ-listed miner, sold its entire weekly production of 206.2 BTC as of May 29, 2026, maintaining a zero-treasury policy since February while pivoting toward AI infrastructure and data centers.
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Don Lincoln on Physics' Quest for Unification: Newton to Maxwell
Particle physicist Don Lincoln explores how centuries of scientific progress have unified seemingly distinct phenomena—from Newton linking celestial and terrestrial gravity to Maxwell's electromagnetism—and why this pursuit of unified principles remains central to modern physics.
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Goldman Sachs Projects MLCC Upcycle Through 2030 on AI Data Center Buildout
Goldman Sachs revised its forecast for multi-layer ceramic capacitors upward, projecting sustained demand through 2030 as hyperscalers build out AI infrastructure, with 2026 pricing expected to rise 0-5%.
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Goldman Sachs: MLCC upcycle extends to 2030 on AI infrastructure
Goldman Sachs Research projects an unprecedented upcycle in multi-layer ceramic capacitors extending through 2030, driven by hyperscaler spending on AI infrastructure, revising pricing forecasts and extending prior cycle expectations by roughly two years.