Articles by Khal
Latest from Khal
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Bitcoin leveraged shorts cover, but bullish confirmation remains elusive
A sudden 5,500 BTC drop in leveraged short positions across CME futures between July 21 and July 28 signaled potential short covering, but simultaneous pullbacks by asset managers and spot ETF outflows suggest the move doesn't confirm a sustained bullish institutional turn.
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Shiba Inu Burn Rate Surges 405% as 124M SHIB Destroyed
Shiba Inu's daily burn rate jumped 405% with 124 million SHIB destroyed in 24 hours, marking accelerated token destruction as the layer-2 Shibarium showed recovery signs at August's start.
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Shiba Inu listed on OKX's European X-Perps with 10x leverage
Shiba Inu (SHIB) and five other crypto tokens joined OKX's MiFID-regulated X-Perps platform in Europe, alongside tokenized exposure to traditional finance assets like Robinhood and Palantir. The product offers up to 10x leverage with multi-asset margin support.
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UK employers hiring AI talent while cutting broader workforce
UK job postings for AI roles surged 60% to 179,954 in 2025 as AI wage premiums tripled to 34.2%, but overall UK hiring fell 27% below baseline and 17% of employers plan headcount reductions driven by automation.
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OPEC+ signals output increase despite Strait of Hormuz constraints
OPEC+ has signaled willingness to boost oil production amid Middle East supply disruptions, but export constraints through the Strait of Hormuz may limit actual output gains. Prediction markets show declining odds of crude reaching new all-time highs.
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Lite Strategy retires 13% of shares via Litecoin sales, lifting per-share backing
Lite Strategy repurchased 4.9 million shares for $5.4 million through July 17 by selling Litecoin and covered-call premiums, retiring 13% of outstanding shares while Litecoin holdings fell 11.89% over the same period.
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Shiba Inu Exchange Netflow Plunges 97% as Price Rallies 7%
Shiba Inu's exchange netflow metric fell 97% in magnitude over 24 hours to 226 billion SHIB, signaling bearish sell pressure, yet the token posted a 7% daily gain—highlighting a divergence between on-chain activity and price action that analysts are watching closely.
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Bitwise liquidates six crypto option ETFs as SEC yields hit zero
Bitwise shuttered six option-income ETFs on July 31, with shareholders facing automatic cash redemption. The funds had advertised annualized payouts up to 25.93% but reported zero 30-day SEC yields by liquidation.
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Bitcoin ETF liquidity gap creates Monday price shocks from weekend news
Spot Bitcoin ETFs like BlackRock's IBIT hold $77.5 billion in assets but trade only during NYSE hours, while Bitcoin itself trades 24/7. Weekend geopolitical news can trigger sharp Monday price gaps as institutional liquidity dries up outside business hours.
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Tanker hit by projectile, explosion disrupts Strait of Hormuz oil shipping
The UK Maritime Trade Operations reported a tanker struck by an unknown projectile and a separate vessel explosion in the Strait of Hormuz, adding to ongoing disruptions in a critical global oil chokepoint.
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DAAQ delays Old Glory Bank merger vote to August 14 amid capital crisis
Digital Asset Acquisition Corp. postponed its shareholder vote on merging with Old Glory Bank's parent company to August 14, disclosing no reason for the delay and leaving the deal's $50 million cash requirement unresolved as the bank remains severely undercapitalized.
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SBI Crypto shuts Bitcoin pool as three miners control 60% of network
Japanese mining pool SBI Crypto shut down its Bitcoin service on July 31 after its hashrate collapsed 64% in a month, while Foundry USA, AntPool and F2Pool consolidated control over 60% of the network's recent blocks.
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Louisiana Act 482 grants crypto ATM refund rights starting Aug. 1
Starting August 1, Louisiana's Act 482 lets users cancel virtual-currency-kiosk transactions and demand full refunds if the operator lacked proper licensing at the time of the trade. Operators have 10 business days to respond and 90 calendar days to process refunds.
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Cyberattacks hit water systems in seven US states; Iran suspected
Water and wastewater utilities across at least seven US states were targeted by cyberattacks between July 28 and July 31, 2026, with Minnesota experiencing the heaviest damage. Federal investigators are exploring links to Iranian-backed hackers, though attribution remains unconfirmed.
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Tether's reserve cushion halved in 90 days amid $4.2B loss
Tether reported $1.5 billion in second-quarter operating profit, but reserve documents reveal a negative $4.2 billion result that reduced its safety buffer from $8.23 billion to $4.11 billion in three months, creating a reconciliation gap in company disclosures.
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Bank of Italy: Stablecoins Not Cheaper for Remittances
A Bank of Italy mystery-shopping exercise across 10 international remittance corridors found that stablecoin transfers often cost as much as traditional money transfers once exchange fees, foreign exchange spreads, and banking rails are factored in.
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Dogecoin Spot Flows Surge 116% as August Opens
Dogecoin's spot inflows jumped 116% in 24 hours, signaling potential buying pressure, but technical indicators and historical August weakness leave the outlook uncertain.
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Coldcard exploit drains $70M Bitcoin; CZ warns hardware wallets not immune
Binance founder Changpeng Zhao cautioned crypto holders against blind faith in hardware wallets after Galaxy Research found the Coldcard exploit drained roughly $70.2 million from 1,196 addresses—nearly double initial estimates. Zhao urged spreading funds across multiple wallets to reduce exposure.
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Cardano Enters Dijkstra Era With Multi-Phase Upgrade Roadmap
Cardano has entered the Dijkstra era following the van Rossem hard fork, with a Constitutional Committee election underway and a roadmap for Nested Transactions, Linear Leios, and Ouroboros Leios planned through 2026.
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Americans' AI skepticism rises as familiarity grows, Gallup finds
A Gallup poll shows Americans increasingly skeptical of artificial intelligence despite higher awareness. Seven in 10 now say they're knowledgeable about AI, yet 39% believe it does more harm than good—up from 31% last year. Trust in businesses to deploy AI responsibly has fallen to 27%.
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Trump's Gaza peace deal revives stablecoin infrastructure debate
Trump's July 31 disarmament agreement with Hamas includes discussions of a dollar-pegged stablecoin for Gaza reconstruction, raising regulatory questions about US oversight of crypto deployed in geopolitical contexts.
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Ripple CTO Emeritus Signals Continued XRP Involvement After Year-End Departure
David Schwartz, Ripple's CTO emeritus and original XRP Ledger architect, pushed back on retirement speculation in late September 2025, signaling he remains actively engaged with the protocol despite his planned step-down from day-to-day operations.
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Bitcoin dominance surges to 58.5% as institutions retreat from altcoins
Bitcoin's market share climbed to a new high of 63% in June 2026 before settling at 58.5%, driven by sustained institutional ETF inflows. The surge reflects a structural shift in how large allocators view cryptocurrency exposure, concentrating capital in BTC at the expense of smaller tokens.
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Former BNB Chain Employee Deploys ASTEROID Token, Exits With $638K
A former BNB Chain employee deployed the ASTEROID token, acquired 79.67% of the supply for $10,000, and sold 718.8 million tokens for $628,000–$638,000 before the token crashed 50% in 20 minutes. BNB Chain initiated legal action and denied any affiliation.