Articles by Khal
Latest from Khal
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Peter Brandt: Bitcoin Bull Market Not Urgent Based on Chart Patterns
Veteran trader Peter Brandt says classical chart analysis shows no compelling evidence Bitcoin is ready for a new bull market, citing the asset's persistent failure to reclaim key technical levels and a bearish weekly trend.
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Banks shift to stablecoin payment rails, signaling structural change
Traditional banks are abandoning Bitcoin for stablecoin infrastructure to enable faster cross-border payments and lower transaction costs. Coinbase's partnerships and regulatory approvals position the exchange as a key infrastructure provider in this transition.
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Citadel forecasts $500B in AI chip debt by 2028, reshaping credit markets
Technology companies are projected to issue more than $500 billion in debt by 2028 to finance AI data center chips, according to Citadel Securities. The borrowing wave could reshape investment-grade credit markets and influence crypto mining costs.
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White House finalizes voluntary AI safety testing framework with 30-day review window
The White House completed a voluntary framework for federal agencies to test advanced AI models before public release, reducing the review period from 90 days to 30 days after industry pushback. Participation remains optional with no penalties for non-compliance.
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Tech equity funds pull in $15.7B in single week, third-largest haul
Global technology equity funds attracted $15.7 billion in net inflows last week, marking the third-largest weekly haul ever recorded for the category and signaling intense institutional capital concentration in tech amid flat flows elsewhere.
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XRP Holders Can Borrow RLUSD on Ethereum Without Selling
Flare's FXRP has been approved as collateral in a Morpho lending vault, allowing XRP holders to tap Ethereum's DeFi markets and borrow Ripple's RLUSD stablecoin against their holdings without selling.
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Solo Bitcoin Miner Wins $200K Block 960,804 Reward
A solo Bitcoin miner solved block 960,804 on Monday and received a reward worth approximately $200,000, marking the 317th solo block found through CKPool. The winner was running rented hardware with a peak hashrate of 100 petahashes per second.
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BC.Game Launches Esports Team for $75M 2026 World Cup
BC.Game, a crypto-backed online casino, has pivoted from sponsorship to ownership by launching its own esports division and competing in the 2026 Esports World Cup qualifiers alongside established teams like Liquid and HEROIC.
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American Bitcoin Surpasses 8,000 BTC After Record Mining Quarter
The Trump family-backed American Bitcoin expanded its reserve to over 8,000 BTC in Q2, producing a record 932 Bitcoin despite a 12% decline in Bitcoin's average price and reporting a narrowing net loss.
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UBS Financial Services hit with record $125M fine for AML violations
The Financial Crimes Enforcement Network levied a record $125 million penalty against UBS Financial Services for willful and repeated violations of anti-money laundering rules, marking the largest fine ever imposed on a broker-dealer for Bank Secrecy Act breaches.
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Matt Prusak Departs American Bitcoin for Giga Energy CBO Role
Matt Prusak, president of the Nasdaq-listed Trump-backed bitcoin miner American Bitcoin, is departing effective August 4 to join Giga Energy as chief business officer, reflecting a broader industry pivot toward AI infrastructure and power capacity.
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Senators urge CFTC to restrict wildfire prediction markets over arson concerns
Democratic senators have called on the CFTC to restrict prediction market contracts tied to wildfires, citing concerns that financial incentives could encourage arson. No confirmed incidents have been reported, but the push reflects broader 2026 legislative focus on event-based trading.
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Trump Iran Nuclear Deal Push Sends Oil Prices Lower
Oil prices declined following former President Donald Trump's announcement of efforts to negotiate a nuclear deal with Iran, as markets perceived reduced geopolitical risk in the Middle East.
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Coinbase migrates institutional derivatives to Deribit on Sept. 9
Coinbase will move Coinbase International Exchange institutional accounts and positions to Deribit on Sept. 9, canceling open orders and settling them at market prices before recreation on the new venue within a 30-minute cutover window.
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Morgan Stanley Downgrades Circle on USDC Growth Headwinds
Morgan Stanley downgraded Circle Internet to underweight and slashed its price target to $38 from $106, citing slower USDC adoption, rising competition from tokenized money market funds, and margin pressure from lower-yielding transaction revenue.
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Cardano price bounce triggers $1.09M in short liquidations
Cardano (ADA) recorded an abnormal 99% liquidation imbalance on the derivatives market in early August after a sudden price rebound caught short sellers off guard, forcing out $1.09 million in short positions while longs escaped unscathed.
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Tech stocks record largest five-week inflow in history as AI capital flows dominate
Technology stocks captured their largest five-week inflow on record in mid-2026, with tech ETFs claiming roughly 69% of all sector inflows and AI-focused capital flows reshaping investor appetite away from digital assets.
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Strategy Liquidates $105M Bitcoin, Reaches $4B USD Reserve
Strategy liquidated 1,638 BTC for $104.7 million in the week to August 2, splitting proceeds between preferred dividends and a second $81.2 million share buyback as its USD reserve reached $4 billion.
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Bitmine adds 10,399 ether to treasury, signals strengthening crypto fundamentals
Bitmine Immersion, the largest Ethereum treasury company, purchased 10,399 ether last week worth approximately $19.1 million, extending its weekly buying streak since June 2025. Chairman Tom Lee attributed the move to strengthening crypto fundamentals, citing ether's 2,500 basis point outperformance versus the Nasdaq in July.
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MicroStrategy sells $102M Bitcoin, keeps largest corporate stash
Michael Saylor's Strategy offloaded 1,637 BTC for approximately $102.3 million as part of treasury management, reducing holdings to 842,138 BTC — still the world's largest corporate Bitcoin reserve at roughly $52.65 billion.
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Bithumb targets 2028 IPO after overhauling controls following February crediting error
South Korea's Bithumb exchange plans to seek preliminary listing review in 2027 and go public in 2028, following a February error that mistakenly credited customer accounts with 620,000 Bitcoin instead of cash rewards.
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Bitget exits Japan, closes all positions by year-end
Bitget, the fifth-largest crypto trading platform by CoinGecko, stopped accepting new Japanese registrations Sunday and will forcibly close all remaining positions on December 31, citing compliance with local regulations.
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Ripple Invests in ZILO and Lucuido for XRP Ledger Tokenized Assets
Ripple announced investments in ZILO and Lucuido to build regulated transfer agency and digital asset issuance services on the XRP Ledger, targeting institutional demand for tokenized investment products.
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Ripple invests in Zilo and Licuido for tokenized collateral on XRPL
Ripple announced strategic investments in UK-based transfer agency provider Zilo and FCA-regulated tokenization platform Licuido to unlock collateral mobility and regulated issuance on its XRP Ledger infrastructure.