Articles by Khal
Latest from Khal
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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.
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DeFi's Biggest Threat Is Human Error, Not Code Flaws
Isaac Patka argues that most DeFi failures stem from operational security mistakes and poor parameter configuration, not smart contract bugs. Error correction mechanisms can coexist with decentralization, he says.
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Bill Gurley: AI proficiency is now essential for career growth
Benchmark general partner Bill Gurley argues that AI proficiency is becoming a crucial skill for job market competitiveness and personal career growth, citing widespread job dissatisfaction as a driver for workers to adopt new tools and reskill.
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Jamie Dimon vows banking industry will fight Clarity Act
JP Morgan CEO Jamie Dimon said banks will not accept the crypto market structure bill in its current form and pledged the banking industry will fight its passage, citing concerns over stablecoin yield provisions championed by Coinbase.
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CFTC approves Kalshi perpetual futures, no-action letter for Coinbase
The CFTC approved perpetual futures contracts for prediction-market platform Kalshi and issued a no-action letter for Coinbase, signaling regulatory openness to 24/7 cryptocurrency derivatives trading on digital-native platforms.
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Treasury Secretary Bessent: U.S. Seized $1B Crypto From Iran
Treasury Secretary Scott Bessent disclosed that the U.S. government has seized approximately $1 billion in cryptocurrency from entities linked to Iran, stating the government "outright grabbed" wallets in a sweeping crackdown.
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Dimon warns CLARITY Act could fail over stablecoin rewards dispute
JPMorgan Chase CEO Jamie Dimon warned that the current draft of the CLARITY Act could fail if lawmakers don't address banking industry concerns over stablecoin yield products, escalating tensions with Coinbase and crypto firms.
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Lenovo Stock Doubles in May as AI Revenue Hits 38% of Sales
Lenovo's stock surged 109% in May, its best month in 27 years, after posting record earnings driven by AI server demand. The world's largest PC maker saw AI-related revenue grow 84% year-on-year, prompting Goldman Sachs to more than double its price target.
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Sui network stalls again after same software bug resurfaces
The Sui layer-1 blockchain experienced a second consecutive network disruption on Friday, caused by the same gas charging logic bug that halted the protocol Thursday for nearly six hours. The Friday stall lasted over three hours before validators deployed a long-term fix.
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UAE airstrikes on Iran escalate Middle East conflict, threatening crypto hubs
The UAE conducted dozens of airstrikes against Iran in early April 2026, coordinated with the US and Israel, as oil prices surged above $105 per barrel. The military escalation threatens Dubai and Abu Dhabi's status as global cryptocurrency centers, with talent and capital potentially migrating to Singapore, Hong Kong, and London.
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Coinbase launches Deribit derivatives access for US institutional clients
Coinbase Financial Markets, the first CFTC-regulated futures commission merchant to do so, has begun offering US institutional clients access to global crypto options and perpetual futures markets through its Deribit platform, which holds $31 billion in Bitcoin options open interest.
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ICE CEO: NYSE Parent Learning From Hyperliquid, Seeks Crypto Parity
Intercontinental Exchange CEO Jeffrey Sprecher said his company is learning from Hyperliquid and questioning why regulators restrict traditional venues from offering perpetual futures already trading on crypto platforms.
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Iceland Finance Ministry: Króna Costs Outweigh Benefits
Iceland's Finance Ministry concluded that maintaining the króna costs more than it's worth, citing high inflation and elevated borrowing costs. A government-commissioned report suggests euro adoption could lower interest rates and improve economic stability.
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Celsius CEO Mashinsky Files Motion to Vacate 12-Year Sentence
Alex Mashinsky, former CEO of Celsius, filed a motion in New York federal court seeking to vacate his 144-month sentence, citing ineffective counsel and claiming former FTX CEO Sam Bankman-Fried conspired to destroy his platform.
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Trump convenes Situation Room for Iran deal decision as Bitcoin steadies near $78K
President Trump is holding a Situation Room meeting to decide on a sweeping Iran agreement covering nuclear restrictions, Strait of Hormuz reopening, and sanctions relief. Bitcoin traders are pricing in reduced geopolitical risk.
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MicroStrategy moves 411 Bitcoin to Coinbase Prime amid cash crunch
Strategy transferred more than 411 Bitcoin to Coinbase Prime on May 29, triggering speculation about potential sales as the company's cash reserves fell to $871 million and annual obligations exceed $1.6 billion.
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Oil prices drop 10% as US-Iran ceasefire extension talks progress
Oil prices fell sharply this week on reports of a potential 60-day ceasefire extension between the US and Iran, with ICE Brent crude futures down nearly 10% and market expectations for new all-time highs declining significantly.
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Bitcoin slides toward monthly loss, risking two-month winning streak
Bitcoin fell to $72,500 in U.S. morning trade, down 0.5% in 24 hours and 5.5% over the week, threatening to end May in the red and snap a two-month rally.
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ICE CEO demands regulatory parity for 24/7 onchain perpetual futures
Intercontinental Exchange CEO Jeffrey Sprecher said regulators must create a "level playing field" for launching 24/7 onchain perpetual futures contracts, which are already trading on decentralized exchanges like Hyperliquid.
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CFTC approves Kalshi bitcoin perpetual futures, clears U.S. crypto perps
The CFTC has approved Kalshi to list bitcoin perpetual futures contracts and issued a no-action letter to Coinbase, establishing the regulatory framework for perpetuals in the U.S. crypto market.
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Shiba Inu Burn Rate Surges 159% as 19.5M SHIB Destroyed
Shiba Inu's weekly burn rate jumped 159% after 19.5 million SHIB tokens were destroyed over seven days, marking a reversal in deflationary momentum. The token was down 9% on a weekly basis but up 1% in the last 24 hours.
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Fed's Paulson: Current Policy Stance Appropriate, No Rate Cut Urgency
Anna Paulson, a key Federal Reserve member, stated the current monetary policy is suitable and supports the economic outlook, with rate cut probabilities for June and July remaining extremely low.
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XCENA raises $135M at $570M valuation for memory-centric AI chips
AI infrastructure startup XCENA closed a $135 million Series B round led by Altinum and IMM Investment, bringing total funding to $185 million. The company's MX1 chip tackles memory bottlenecks in AI systems by processing data directly inside memory modules, potentially reducing infrastructure needs.
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Strategy's $15B Preferred Stock Burden "Out of Hand," Arca CIO Warns
Arca's chief investment officer Jeff Dorman warned that Strategy's capital structure—burdened by roughly $15 billion in preferred stock carrying $1.5 billion in annual dividend obligations—may become unsustainable if Bitcoin remains volatile, prompting concerns over potential asset sales.