Articles by Khal
Latest from Khal
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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.
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Bithumb Targets 2028 IPO After Regulatory Turmoil in South Korea
Bithumb, South Korea's second-largest crypto exchange, has outlined a three-stage plan to list on public markets by 2028, beginning with a switch to international accounting standards this year and preliminary listing review in 2027—a major move for an exchange that faced regulatory fines, police searches, and executive misconduct allegations.
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Dogecoin Cofounder Dismisses Bitcoin Bear Call With One Word
Dogecoin cofounder Billy Markus dismissed bearish Bitcoin predictions on Polymarket with a single-word reaction, describing the current downturn as boring rather than panic-inducing.
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GameStop swaps $1.4B convertible notes for Class A shares
GameStop exchanged $1.4 billion in convertible senior notes for Class A stock, cutting long-term debt but diluting existing shareholders. The move gives the company financial flexibility despite exposure to Bitcoin volatility.
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Binance delists six tokens on August 17 in fourth 2026 removal round
Binance announced the delisting of six cryptocurrencies from its spot market on August 17, bringing the year's total to 21 tokens removed. Trading will cease at 03:00 UTC, with the exchange declining to support Vanar's contract migration.
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Tokenized TradFi credit retains 68% of buyers vs 28% for crypto-native
An analysis of 71,697 buyers across tokenized yield products shows TradFi-backed credit funds retain 68% of investors after one year, while crypto-native offerings hemorrhage users. The RWA sector grew 179% year-over-year to $33.8 billion.
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Zepto delays IPO after roadshow reveals $2.5B valuation, 64% below private round
Zepto postponed its IPO and will pursue a pre-IPO funding round at roughly $4.5 billion after roadshow bids came in significantly below its $7 billion private valuation. The Indian quick-commerce startup is shifting strategy to target domestic investors and has extended flexibility until November 2027 under existing SEBI approval.
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Bitcoin Breaks Below $65K on Thin Volume, ETF Outflows Signal Stalled Participation
Bitcoin fell to $62,600 as the week ended, with traders and analysts pointing to thin volume and negative ETF flows rather than forced liquidations. CME open interest has retreated to 2023 levels.
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Peter Todd: Coldcard Bug Smaller Risk Than Centralized Exchanges
Early Bitcoin developer Peter Todd argues that despite the $88 million Coldcard firmware breach, self-custody remains safer than centralized platforms, pointing to the $200 million QuadrigaCX collapse as proof of greater systemic risk.
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XRP Ledger Payment Volume Collapses 90% After August Spike
XRP Ledger's daily payment volume surged above one billion XRP on August 1st, then plummeted roughly 90% to around 100 million XRP within a day. The sharp reversal suggests institutional transfers rather than organic demand, and XRP's technical setup remains bearish below key moving averages.
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Senate races to pass CLARITY Act before August recess amid GOP opposition
The CLARITY Act, which would regulate stablecoins and digital asset platforms, enters its final week before the Senate's August recess with a 30% passage probability. Republican and Democratic objections threaten to derail the bill by Friday.
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Coldcard wallet losses hit $114M as fourth sweep emerges
A fourth wave of attacks on Coldcard cold-wallet addresses began early Monday, pushing cumulative losses to roughly 1,816 bitcoin ($114 million) across more than 5,200 addresses since late July. Victims with pending transactions in the mempool can still intervene by paying higher fees.
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Bitcoin's BIP-110 Consensus Cleanup faces miner resistance amid quantum threat
Bitcoin entered BIP-110's final voting window with only 0.89% miner support on July 25. The proposal bundles four protocol repairs and quantum-readiness work, but faces skepticism from developers like Jameson Lopp, who backs alternative approaches to post-quantum migration.
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PowerCompute's $18M Bitcoin bridge loan deadline passes with no disclosure
PowerCompute's US Digital subsidiary borrowed $18.07 million from Arch Lending on a 4-day bridge note due August 1, representing 97% of its Bitcoin treasury. As of press time, no SEC filing or statement confirmed whether the loan was repaid, extended, or defaulted.
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Indian equities rise as Brent oil prices fall, earnings hold steady
Indian stocks gained as Brent crude oil prices declined, easing input costs for oil-sensitive sectors while a stable earnings season kept corporate results aligned with market expectations.
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Luno blocks crypto transfers, forces liquidation by August 31
Luno halted outgoing crypto transfers on June 29 for affected users, leaving them a narrow window to sell holdings and withdraw cash to banks before the exchange closes their accounts September 1. Users who leave balances face monthly inactivity and dormancy fees.
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Trump Media's Bitcoin Holdings Near Collateral Level After $165M Transfer
Trump Media moved 2,628 bitcoin worth $165 million to Crypto.com, leaving holdings that roughly match the amount pledged as loan collateral. The company's next quarterly filing will reveal whether transfers were custody moves or sales.
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Zhibao Technology Signs $154.7M PIPE in Bitcoin From 10 Investors
Nasdaq-listed Chinese insurtech Zhibao Technology agreed to sell 442 million units for $154.7 million in Bitcoin, granting investors control of the board and executive roles if the deal closes within 12 business days—though key shareholder approvals and regulatory clearances remain pending.
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South Korea stablecoin exodus hits $367M in June, 18-month capital flight deepens
South Korean crypto exchanges saw $367 million in net stablecoin outflows in June 2026, marking the latest surge in an 18-month trend that has drained roughly $10.4 billion from domestic platforms as investors route capital to offshore derivatives and DeFi protocols.
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DTCC executes first live blockchain trades with JPMorgan, Goldman, BlackRock
The Depository Trust & Clearing Corporation ran its first production trades using tokenized securities on July 15, 2026, with over two dozen major Wall Street institutions participating in what signals a shift toward blockchain-based settlement infrastructure.
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ZeroStack's 0G token holdings collapse 90%, survival hinges on staking rewards
ZeroStack's digital-asset treasury plummeted from $163 million to $15 million, forcing the company to rely on staking rewards to fund operations. Management acknowledged it cannot guarantee the strategy will alleviate going-concern doubts.
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XRP Breaks Below Moving Averages as Bitcoin Consolidates at $63K
XRP's symmetrical triangle resolved downside on August 3, with the asset trading at $1.08 and struggling below key moving averages. Bitcoin consolidated around $63,000 after erasing spring gains, with both assets showing low trading volume.
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Central banks boost gold purchases to 289 tonnes in Q2 2026
Central banks purchased 289 tonnes of gold in Q2 2026, marking the largest quarterly addition since Q4 2024 and driven significantly by acquisitions from Poland and China, reflecting ongoing economic and geopolitical considerations.