Articles by Khal
Latest from Khal
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Strategy Inc. CEO Simplifies mNAV Formula Amid Market Declines
Strategy Inc. CEO Phong Le announced a simplification of the mNAV formula governing share issuance, introducing a fixed 1.0x efficiency threshold as the company's stock and Bitcoin face steep year-to-date losses.
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XRP Ledger fixCleanup3_2_0 Amendment Activates with 85.71% Support
The fixCleanup3_2_0 amendment activated on the XRP Ledger mainnet on July 28 with strong validator backing, bringing precision fixes and security hardening across multiple protocols including Single Asset Vaults and the Lending Protocol.
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Perpetuals' Systemic Risk Lies in Venue Design, Not the Contract
As perpetual futures enter regulated markets, critics warn they pose systemic risk. But the danger comes from how venues are built — leverage limits, margin rules, and liquidation handling — not the derivative itself, argues Bullish Exchange's Chris Tyrer.
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Emirates enables UAE residents to book flights with cryptocurrency via Crypto.com
Emirates launched Crypto.com Pay on its website and app, allowing eligible UAE residents to book flights with cryptocurrencies. The service settles in dirhams, with Crypto.com handling conversion.
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Solana block capacity rises 66% after SIMD-0286 activation
Solana activated SIMD-0286 on July 29, 2026, raising maximum block compute units from 60 million to 100 million—the largest throughput expansion in recent years. Slot times remain unchanged and early network observations show improved performance for DeFi and payments with no technical issues.
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Fed Holds Rates Steady, Markets Price 80% Hike Odds by September 2026
The Federal Reserve held rates at 3.5%-3.75% in late July, marking its fifth consecutive pause. Markets are now pricing in an 80% probability of a rate hike by September 2026 as inflation remains elevated at 4.1%, more than double the Fed's 2% target.
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BNY Mellon Launches Blockchain Transfer Agency for $8.6T Market
BNY Mellon, the world's largest custodian with $59 trillion under administration, is adding blockchain-based transfer agency services to modernize fund record-keeping while maintaining its traditional systems for years to come.
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Shibarium DEX Volume Crashes 95% to $72 as Trading Halts
Shibarium's decentralized exchange volume fell 95% over the past week to just $72, with most DEX protocols recording zero activity, even as Shiba Inu's token price surged over 35% during the same period.
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Cardano marks six years since Shelley upgrade brought staking
Cardano's Shelley upgrade, which launched in July 2020, introduced stake pools and decentralized block production, transforming the network from a federated system into a fully decentralized proof-of-stake blockchain with 2,882 active pools today.
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American investors accelerate stake-buying in Premier League clubs
U.S. capital is reshaping English soccer ownership as pension funds and family offices treat Premier League clubs as mainstream alternative assets, driven by the league's global broadcast reach and commercial infrastructure.
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Fed's July 29 Decision Could Pivot Bitcoin Sharply Higher or Lower
The Federal Reserve's rate decision and Chair Kevin Warsh's press conference on July 29, 2026, could trigger significant moves in Bitcoin and other risk assets. Markets assign roughly 35% odds to a rate hike, while Treasury yields have broken above key trendlines for the first time since 2023.
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Cava faces $2.2B insider trading lawsuit as stock tumbles 57%
Cava Group is defending against a $2.2 billion shareholder derivative lawsuit alleging that founders and board members sold nearly $2.3 billion in stock while concealing deteriorating business fundamentals between August 2024 and March 2025.
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GlobalFoundries secures $375M CHIPS funding for quantum processor platform
GlobalFoundries signed a letter of intent with the US Commerce Department for up to $375 million in CHIPS Act funding to develop Quantum Technology Solutions, a domestic manufacturing platform for quantum processors. The Commerce Department will take a roughly 1% equity stake in the chipmaker.
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Bitcoin steadies above $64,000 as Fed rate decision looms
Bitcoin gained 0.75% ahead of the Federal Reserve's interest-rate announcement, with inflation at 4.1% keeping a rate increase in play despite easing oil prices tied to reduced Iran-U.S. tensions.
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Tokenized Assets Hit $6.6B as Crypto Exchanges Expand Into Stocks
Tokenized traditional assets on crypto exchanges grew nearly fivefold to $6.6 billion in 18 months, driven by perpetual futures demand and competitive pressure from traditional brokerages, according to a CoinGecko study released Wednesday.
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Russia charges Telegram's Pavel Durov with aiding terrorism
Russia's Federal Security Service charged Telegram founder Pavel Durov with aiding terrorist activity and placed him on an international wanted list, escalating a months-long conflict between Moscow and the messaging app over content moderation and state control.
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Samson Mow Warns Against Rushing Bitcoin Post-Quantum Cryptography Migration
Bitcoin developer Samson Mow cautioned the community against hastily adopting post-quantum signatures, arguing that premature migration could expose the network to conventional computing attacks. His warning follows Anthropic research showing AI models discovering new cryptographic vulnerabilities.
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Bitcoin ETFs extend four-session outflow streak as BTC slides below $65K
US spot Bitcoin ETFs recorded four consecutive trading sessions of net outflows totaling $526 million as Bitcoin fell below $65,000, marking a reversal after a seven-day inflow period that had brought in nearly $1 billion.
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Trade.xyz to reimburse traders after SK Hynix crash liquidates $60M
Trade.xyz's SK Hynix perpetual futures contract crashed 19% on a single pre-market trade in Korea, liquidating $60 million in positions. The company says its oracle worked correctly and will reimburse affected traders as a one-time discretionary decision.
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Citadel bets on Fed rate hike Wednesday as bitcoin analysts call a hold
Citadel's $67 billion macro team is calling for a surprise 25-basis-point rate hike from Chair Kevin Warsh on Wednesday, while crypto and traditional market analysts expect no change. The CME FedWatch tool shows odds of a hike rising to 35.8% from 25.7% a week prior.
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Bitcoin rises to $63,800 as Korea chip crash leaves crypto untouched
Bitcoin climbed 1% to $63,800 on Wednesday while Asian equities tumbled on profit disappointments in memory chips. SK Hynix fell 17% despite a 557% earnings surge, signaling AI demand concerns have decoupled from crypto strength.
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RL1 blockchain cooperative launches with 10 European financial institutions
RL1, a member-owned blockchain cooperative backed by 10 European financial institutions including ABN AMRO and DekaBank, began operations as a Luxembourg-registered entity designed to support institutional use cases like digital money and tokenized bonds.
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Coinbase Canada CEO calls for permanent crypto regulation beyond trading
Coinbase's newly appointed Canadian CEO Eric Richmond says the country needs permanent digital asset legislation, not temporary exemptions, to support the company's push into derivatives, tokenized assets, and decentralized finance.
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Anthropic's AI Discovers Attacks on Post-Quantum Cryptography Bitcoin May Adopt
Anthropic's Claude Mythos Preview model discovered previously unknown attacks against weakened encryption systems, accelerating AES decryption by up to 1,000 times and devising improved attacks on post-quantum schemes Bitcoin may adopt. Researchers emphasize current systems remain secure but warn developers must consider AI-driven cryptanalysis alongside quantum threats.