Articles by Khal
Latest from Khal
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Susquehanna sues unidentified traders over $100M insider trading profit tied to China crackdown
Susquehanna International Group filed a federal lawsuit in Manhattan on June 29 against up to 100 unidentified defendants, alleging they used material non-public information to profit over $100 million from put options on Chinese brokers before China's May 22 regulatory announcement.
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Iran and US establish direct communication channel after Doha talks
Iran and the US concluded indirect technical discussions in Doha and agreed to establish a dedicated communication channel to manage regional disputes. The development may reshape crypto's role in sanctions evasion and international trade frameworks.
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Oil prices fall as US-Iran talks ease supply disruption fears
Oil prices declined for a third consecutive day as progress in US-Iran negotiations and increased Strait of Hormuz shipments reduced supply-disruption concerns. WTI crude fell to $68.08 per barrel, marking a 30% Q2 decline.
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Treasury picks BlackRock, Vanguard, State Street for Trump Accounts ETFs
The US Treasury announced that ETFs from three major asset managers will power Trump Accounts, a new tax-advantaged savings program for children launching July 4 with a $1,000 government seed contribution and an explicit ban on crypto assets.
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Tielemans and Trossard clash, then combine to salvage Belgium's World Cup draw
Youri Tielemans and Leandro Trossard argued during Belgium's 2026 World Cup match against Senegal while trailing 2-0, but later collaborated in the 89th minute to score and level the match at 2-2, keeping Belgium's group stage hopes alive.
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Robinhood launches Robinhood Chain mainnet, expands to UK crypto trading
Robinhood announced the launch of its Robinhood Chain mainnet, a layer 2 blockchain built on Arbitrum, alongside plans to expand crypto trading to UK residents and new DeFi products including a yield-bearing stablecoin lending service.
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Ethereum Institutional Launches With Standard Chartered Backing
Ethereum Institutional launched Wednesday with endorsements from Standard Chartered Bank and major ecosystem figures, marking a push to bridge Ethereum and institutional finance through education and strategic communications.
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Venice AI Reaches $1B Valuation With Privacy-First Chatbot
Venice AI, a privacy-focused ChatGPT alternative founded by cryptocurrency veteran Erik Voorhees, raised $65 million at a $1 billion valuation. Voorhees argues that protecting user conversations from centralized surveillance should be the AI industry's core concern.
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Samsung, Micron, SK Hynix face DRAM price-fixing antitrust lawsuit
A federal antitrust lawsuit filed June 25 accuses Samsung, Micron, and SK Hynix of colluding to suppress commodity DRAM production and inflate prices by roughly 700% over four years, marking the second major price-fixing case against the three manufacturers in two decades.
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Xapo Bank: Gibraltar-Regulated Bitcoin Custody and USD Banking
Xapo Bank, a members-only Gibraltar-regulated institution, combines Bitcoin custody with USD banking, debit card access, and yield products for high-net-worth and Bitcoin-native users seeking cross-border financial services.
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American Bitcoin stock hits record low before 1-for-15 reverse split
American Bitcoin Corp., the mining firm co-founded by Eric Trump and majority-owned by Hut 8, fell to an all-time low of $0.6122 on Wednesday, one day before executing a 1-for-15 reverse stock split designed to preserve its Nasdaq listing.
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Robinhood Chain launches on Arbitrum for tokenized assets and DeFi
Robinhood officially launched the public mainnet for Robinhood Chain, a layer-2 blockchain built on Arbitrum, and rolled out new crypto products including decentralized lending and AI-powered trading tools.
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Ethereum Foundation positions blockchain as public infrastructure for governments
The Ethereum Foundation released a new policy guide arguing that Ethereum's decentralized design makes it uniquely suited for government and institutional use, distinguishing it from centralized alternatives and corporate-controlled networks.
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US Treasury sanctions Brazilian nationals for $30M crypto money laundering
The US Treasury's OFAC sanctioned two Brazilian nationals, three Brazilian companies, and one Portuguese firm for laundering over $30 million in drug proceeds through cryptocurrency tied to the PCC criminal organization, marking the third enforcement action against the group.
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World launches Solana prediction market in Phantom wallet
World, a fully onchain prediction market platform, launched on Solana through Phantom wallet, letting users trade contracts on crypto prices and the 2026 FIFA Men's World Cup using Chainlink oracles and Phantom's CASH stablecoin.
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Ethereum Institutional nonprofit launches to drive institutional adoption
Ethereum Institutional, a new independent nonprofit backed by Joe Lubin and others, aims to serve as a dedicated liaison for financial institutions exploring Ethereum as the network competes for institutional capital.
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Securitize President: Tokenization Can Disrupt Wall Street Stock Lending
Securitize President Brett Redfearn, the SEC's former director of trading and markets, argues that tokenization will cut out brokers who currently pocket the majority of stock lending profits from retail investors.
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Jefferies warns against buying Circle as Open USD threatens USDC dominance
Investment bank Jefferies cautioned against buying Circle shares after a 17% plunge, citing competitive pressure from Open USD, a consortium-backed stablecoin backed by Stripe, Coinbase, Visa, Mastercard and BlackRock.
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Forward Industries Shares Jump 17% After $38M SOL Acquisition
Forward Industries shares surged nearly 17% to $4.94 after the publicly traded Solana treasury firm acquired over 500,000 SOL during its fiscal third quarter, bringing total holdings to 7.55 million SOL valued around $579 million.
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Cantor Fitzgerald: Bitcoin bear cycle nearing bottom in late October
Cantor Fitzgerald analysts believe cryptocurrency markets are in the final stage of the current downturn, with a potential market bottom around late October based on historical cycle patterns. The bank recommended investors focus on networks with durable value accrual rather than speculative activity.
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Crédit Agricole launches EURXT euro stablecoin on Ethereum
Crédit Agricole's asset servicing arm CACEIS has launched EURXT, a euro-pegged stablecoin on Ethereum with 20.02 million tokens in circulation, targeting institutional investors and tokenized fund access under EU crypto rules.
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Crédit Agricole launches EURXT euro stablecoin on Ethereum
Crédit Agricole, France's second-largest bank, unveiled EURXT, a euro stablecoin pegged 1:1 to the euro and backed by Caceis Bank reserves on Ethereum, competing with Circle's EURC and SocGen's EURCV in a fast-growing but still-niche market.
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Citi cuts Bitcoin to $82K, Ether to $2.2K on ETF outflows
Citigroup cut its 12-month bitcoin target to $82,000 from $112,000 and ether target to $2,240 from $3,175, citing stalled U.S. crypto legislation and a reversal in ETF flows. The bank now assumes zero net ETF inflows over the next year.
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Ark Invest deploys $75M in crypto equities as June market crashes
Ark Invest purchased over $75 million in shares of Coinbase, Circle Internet, and Bullish during June's market downturn, when Bitcoin posted its worst month in four years and crypto stocks tumbled.