Articles by Khal
Latest from Khal
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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.
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XRP Ledger 3.2.1 fixes manifest flood affecting nodes
XRP Ledger developers released a major software update to address a manifest flood that impacted nodes on Friday, July 31. The upgrade restricts how nodes handle validator manifests to prevent similar incidents.
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Shiba Inu Marks Sixth Anniversary; 2026 Rebuild Signals Major Updates
Shiba Inu celebrated its sixth birthday on August 1, with the meme token up 6.74% on the day. The community noted major updates coming to the Shiba Eternity game and metaverse, while developer Kaal Dhairya signaled 2026 will focus on repair and building sustainable infrastructure.
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CLARITY Act ethics compromise under White House review ahead of Senate vote
The White House is reviewing a bipartisan ethics compromise on the CLARITY Act, which seeks to reform digital asset markets. The bill has cleared the Senate Banking Committee but requires 60 votes to advance, with a floor vote before August recess still uncertain.
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Iran loses contact with three pilots after US military operation
Iran's army publicly acknowledged it lost contact with three pilots following an operation targeting US forces near the Strait of Hormuz in early April 2026, amid escalating regional tensions and competing narratives about the engagement's outcome.
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Europe's heat waves disrupt power, spur fossil fuel imports
Intense European heat waves have disrupted nuclear, gas, coal, wind, and hydroelectric power generation, forcing the continent to increase reliance on imported fossil fuels. Market participants now assess a 4.9% probability of crude oil reaching a new all-time high by September 30, rising to 14.0% by year-end.
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Coldcard Firmware Vulnerability Drains $70M Bitcoin From 1,196 Wallets
Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin (worth $70.2 million) in a 41-minute window on July 30, nearly tripling an earlier estimate and exposing the scope of a Coldcard firmware vulnerability.
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CZ warns hardware wallets can have bugs after $70M Coldcard exploit
Binance founder Changpeng Zhao called for crypto holders to split funds across multiple wallets after a firmware flaw in Coldcard devices enabled an attacker to drain roughly $70 million in bitcoin from over 1,000 addresses.
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Coinbase Posts $359.5M Loss Despite Revenue Diversification
Coinbase reported a $359.5 million net loss in the second quarter—its third consecutive losing quarter—even as 88% of net revenue came from non-Bitcoin sources and the exchange captured record derivatives market share.
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1,082 BTC stolen from Coldcard wallets via weak seed generation
Galaxy Research mapped a 41-minute attack on July 30 that drained 1,082.65 BTC from 1,196 Coldcard wallets by exploiting weak seed generation. The attacker never accessed the devices themselves—instead, they recreated private keys offline by brute-forcing roughly four billion possibilities.
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XRP Ends July at $1.06, Eyes Break of Four-Year August Losing Streak
XRP closed July 2026 at $1.06 with a 1.91% gain, setting up August as a critical test to snap its four consecutive years of red closes in the eighth month. The token sits near support at $1.05–$1.06 within a descending wedge, needing only to close above its opening price to end the streak.
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Shiba Inu records 2.31B SHIB outflow as consolidation phase begins
Shiba Inu saw a net outflow of 2.31 billion SHIB in 24 hours, signaling a shift toward consolidation. The token trades above key moving averages but faces resistance at $0.00000500, with neutral market momentum suggesting neither buyers nor sellers have established clear advantage.
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MetronomeDAO discloses $16M shortfall from oracle latency on Base
MetronomeDAO revealed that approximately $16 million in synthetic assets across its swap module became unbacked after trading bots exploited stale Chainlink oracle pricing on Base. The protocol deployed defensive measures including $34 million in looped positions and $6.5 million in emergency liquidity.
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Cooper Saye joins OpenAI to lead recursive self-improvement safety
Cooper Saye, a former engineer at Jane Street and Ramp, joined OpenAI on July 31, 2026, to lead work on recursive self-improvement evaluations—a critical safety mechanism designed to prevent loss of control as AI systems evolve autonomously.
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VanEck Bitcoin ETF ends zero-fee period, misses $2.5B growth target
VanEck's HODL Bitcoin ETF ended its zero-sponsor-fee waiver on July 31 with $1.076 billion in assets—43% of the $2.5 billion threshold required to extend it. A 0.20% annual fee now applies to all trust assets.
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Google Pulls Nano Banana AI Tool From Earth Over Deepfake Satellite Imagery Risks
Google yanked its Nano Banana image generation tool from Google Earth on July 31, one day after launch, citing concerns that the AI could generate convincing fake satellite imagery of events that never occurred, alarming journalists and investigators who rely on satellite data to verify breaking news and atrocities.
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Strategy Inc. accelerates Bitcoin buying amid STRC dilution concerns
Strategy Inc. purchased 48 times more Bitcoin than it sold and issued 300 times more STRC than it repurchased, but prediction-market odds for the token reaching $100 by December 31 have weakened to 32%, signaling investor skepticism despite the company's aggressive accumulation strategy.
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Bank of Italy: Stablecoin remittances lack consistent cost edge
A Bank of Italy study testing 200 USDC transfers across 10 corridors found that fiat conversion and payment infrastructure costs, not blockchain fees, drove most remittance expenses. Stablecoin transfers undercut the World Bank's 6.65% global average in most corridors but beat Wise in only three of seven comparable routes.
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FCC Bans Foreign Robots From U.S. Approval Over Cybersecurity Risks
The FCC has added foreign-made robots and connected power inverters to its Covered List, blocking new models from receiving equipment authorization. U.S. national security agencies determined the devices pose unacceptable risks to critical infrastructure and public safety.
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BitMEX shuts down after 11 years as regulatory pressure reshapes crypto derivatives
BitMEX, the pioneering crypto derivatives exchange, will cease operations permanently on September 23, 2026, after 11 years of trading. HDR Global Trading Limited announced the closure on July 23, citing strategic reasons amid regulatory pressures and competition.
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Three FOMC officials dissent on rate hold, cite persistent inflation
Three Federal Open Market Committee members voted for a 25-basis-point rate increase at July's meeting, arguing the current 3.50%–3.75% federal funds rate isn't restrictive enough to bring inflation back to the Fed's 2% target.
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Bitcoin crash warning signals unreliable across major liquidation events
A new arXiv preprint analyzing seven major Bitcoin crashes found that while taker order-flow variance tightened before most cascades, no single warning signal reliably predicted every event, limiting their utility as crash alarms.
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SBI Holdings Links XRP Weakness to Delayed U.S. CLARITY Act
SBI Holdings Director Yasuo Nishikawa attributed XRP's recent price weakness to uncertainty surrounding the U.S. CLARITY Act, while the Japanese financial giant reported a $45 billion stake in Ripple and expects its combined crypto business to manage $5.9 billion in assets.