Articles by Khal
Latest from Khal
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Ripple's RLUSD Stablecoin Launches on Upbit, South Korea's Largest Exchange
Upbit, which controls 70% of South Korea's crypto trading volume, has listed Ripple's RLUSD stablecoin across three trading pairs. The listing expands RLUSD's footprint following debuts on Kraken, Bitstamp, and OKX.
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Bitcoin ETF outflow vs. Ethereum inflow on July 27: $11.6M divergence
Bitcoin ETFs recorded an $11.6 million outflow while Ethereum funds saw a $9.2 million inflow on July 27, signaling divergent investor sentiment. Single-day movements like these can be volatile and may not reflect sustained shifts in market positioning.
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Bitcoin slides 2% as South Korea's Kospi crashes 10%
Bitcoin fell 2.7% to $63,200 following the U.S. market close Monday, while South Korea's Kospi index crashed 10% to its lowest level since mid-April, dragging the broader crypto market lower as macro stress dominates trading.
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TPG to acquire Netrality Data Centers from Macquarie in $2–$3B deal
TPG is negotiating to buy Netrality Data Centers, the largest privately held core network interconnection operator in the US, from Macquarie Asset Management in a deal valued between $2 billion and $3 billion. The transaction would rank among the largest data center deals of 2026 if finalized by fall.
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NYC Property Database Draws Crypto Executive Backlash Over Security Risks
A searchable database built from New York City's public property records has drawn criticism from prominent crypto figures, who warn it creates privacy and security risks for wealthy residents at a time when violent crypto-related attacks are surging globally.
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Prediction market traders raise July Fed rate hike odds to 27%
Traders on Polymarket and Myriad have pushed the probability of a Federal Reserve rate hike at the July 28-29 FOMC meeting to 27%, up sharply in 24 hours, as rising oil prices and inflation concerns reshape market expectations.
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Dow hits record as tech earnings and Fed meeting converge
The Dow Jones hit record territory on July 27 while the S&P 500 and Nasdaq lagged, as investors brace for Big Tech earnings, a Federal Reserve decision, and a major crypto derivatives expiration all within one week.
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Tokenized assets market surges to $7.5 billion, tripling in one year
The tokenized assets market grew to $7.5 billion by July 2026, up from $2–2.7 billion a year prior, driven by institutional adoption of gold-backed tokens and emerging diversification into treasuries and real estate.
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SparkKitty malware infiltrates App Store and Google Play, targets crypto wallets
Security researchers have detailed how SparkKitty malware, first discovered in June 2025, spread through Apple and Google's official app stores by disguising itself as legitimate cryptocurrency and messaging apps, then scanned device photos for wallet recovery phrases.
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Bitcoin holds $65,000 as Fed decision looms over crypto's next move
Bitcoin held near $65,000 Monday despite a sharp selloff in AI stocks, while analysts say this week's Federal Reserve decision and inflation data will likely determine whether crypto breaks higher or revisits June lows.
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WEMIX stablecoin breach: 5.2M tokens minted illegally, network frozen
A compromised owner contract on WEMIX3.0 allowed attackers to mint 5.23 million WEMIX$ stablecoins without authorization, prompting the team to suspend bridges, trading pools, and services. Final losses and user impact remain undisclosed.
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Man Charged for Using GrapheneOS Duress Password at Airport Border Search
Samuel Tunick faces federal charges under 18 U.S.C. § 2232 after allegedly triggering a GrapheneOS duress password during a warrantless border search at Atlanta's Hartsfield-Jackson airport. The case marks the first known U.S. criminal prosecution involving the privacy feature.
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TPG in talks to acquire Netrality Data Centers in $3B deal
Private equity firm TPG is negotiating to acquire Netrality Data Centers for around $3 billion, marking one of the largest data center transactions as AI infrastructure demand reshapes valuations across the sector.
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OpenSea's SEA token hits $3B FDV in prediction markets before launch
Prediction markets are pricing OpenSea's unannounced SEA token at a fully diluted valuation exceeding $3 billion, though the company has disclosed no launch date, total supply, or vesting schedule. The speculative pricing highlights the gap between market anticipation and actual tokenomics.
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OpenAI exploring 'Places' feature for ChatGPT travel and location services
OpenAI appears to be building a new "Places" section within ChatGPT to help users explore locations, check weather, and brainstorm travel ideas, though the company has not publicly confirmed the feature. The reported expansion signals potential competition with traditional travel apps and blockchain-based alternatives.
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Metaplanet plans bitcoin-backed Bitbonds offering 4–6% yields
Metaplanet announced plans to explore bitcoin-backed bonds called Bitbonds that would offer investors fixed coupon payments collateralized by its 43,000 BTC holdings. The Tokyo-listed company unveiled the initiative through Project NOVA, a joint study with stablecoin issuer JPYC and tokenization firm Progmat.
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SEC warns crypto yield vaults face securities scrutiny over human control
SEC Commissioner Hester Peirce warned that crypto vaults face securities-law scrutiny when people control how assets earn yield, placing protocols like Morpho in a regulatory gray zone based on their governance structure.
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Perpetual Swaps: BitMEX's 2015 Innovation Dominates Crypto Trading
Perpetual swaps, which BitMEX launched in 2015, have become the dominant trading instrument in crypto, processing an estimated $40 to $50 trillion annually. The mechanism eliminates expiry dates and rolling requirements, allowing traders to hold positions indefinitely while funding rates keep prices aligned with spot markets.
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Fanatics acquires regulated exchange to control prediction markets
Fanatics agreed to buy Water Street Labs and CX Clearinghouse from BGC Group, gaining ownership of a federally regulated exchange and clearinghouse to accelerate its prediction markets business as the sector grows rapidly.
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AMINA Swiss crypto bank explores public listing with Cantor
AMINA, a regulated Swiss digital asset bank, is working with Cantor to explore options for going public, though discussions remain ongoing and no final decision has been made. The bank is prioritizing strategic growth capital over a quick market listing.
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BitMart Shuts Down After 9 Years, Users Face Withdrawal Delays
BitMart announced the closure of its trading platform after nine years, halting new deposits and orders on July 26. On-chain data shows ETH and stablecoins drained from exchange wallets, with users reporting withdrawal delays and stuck funds.
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Strategy Extends Bitcoin Pause to Five Weeks, Adds $525M Cash
Strategy extended its longest Bitcoin buying pause in two years to five consecutive weeks, instead adding $525 million to its cash reserve and reaching $3.75 billion, while deploying its first preferred stock buyback of $25 million in STRC shares.
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Securitize wins SEC adviser license as tokenization expands
Securitize Capital registered with the SEC as an investment adviser, broadening the tokenization firm's regulated offerings alongside existing broker-dealer and transfer-agent licenses as vaults grow to $8.6 billion in assets.
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Crypto Is Infrastructure for AI Agents, Says Coinbase CEO Armstrong
Brian Armstrong argues that crypto firms pivoting away from blockchain to chase AI represent flawed "zero-sum thinking," and that crypto will instead serve as the financial rails for autonomous agents that can't use traditional banking.