Articles by Khal
Latest from Khal
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Kalshi traders price 56% odds of Bitcoin below $55K by end-2026
On the CFTC-regulated prediction market Kalshi, traders are pricing in a 56% probability that Bitcoin will dip below $55,000 before December 31, 2026, down from 66% odds in early June when the price was higher.
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Ten altcoins worth $12B face subsidy sustainability crisis after 97% collapse
Ten once-prominent cryptocurrency networks now carry a combined market value of $12.06 billion, trading an average of 97.13% below their all-time highs. New analysis shows whether user-paid fees can sustain network security and growth as token issuance dwindles.
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Fidelity Backs CLARITY Act Push for Senate Digital Asset Regulation
Fidelity called on the US Senate to pass the CLARITY Act on Friday, joining a growing coalition of financial firms and crypto organizations urging lawmakers to advance digital asset market structure legislation.
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XRP Ledger integrates Mastercard standard for AI agent payments
Agent payments on the XRP Ledger now support Mastercard's Verifiable Intent standard, enabling AI agents to settle transactions using XRP and RLUSD. The integration follows Ripple's June 2026 participation in Mastercard's Agent Pay for Machines ecosystem.
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Bitcoin's AI decoupling fades as oil, tariffs threaten selloff
Bitcoin's correlation with the S&P 500 collapsed to 0.12 in Q2 from 0.58 in late 2025, but rising oil and inflation could reverse the escape as real rates stay elevated.
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Robinhood Chain's tokenized stocks surge to $70 million in real-world assets
Real-world assets on Robinhood Chain jumped fivefold to $70 million, with a dozen tokenized stocks now clearing $500,000 daily. The chain's total value locked nearly tripled to $312 million since mid-July, though memecoins and stablecoins still dominate trading activity.
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Brent crude nears $100 as Trump faces limited price-control options
Brent crude is trading near $98.49 per barrel as geopolitical tensions and supply disruptions push oil toward the $100 psychological threshold. Trump has few levers left to control prices, while market odds for a new all-time high by year-end have climbed to 17.5%.
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Nasdaq drops 1-2% as Alphabet's $205B AI capex guidance spooks investors
Alphabet raised 2026 capital expenditure guidance to $195B–$205B, triggering a 1-2% Nasdaq decline. Bitcoin and Ether fell in tandem amid broad risk-off sentiment, with no crypto-specific catalyst driving the move.
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US stocks stabilize as oil retreats on peace talk optimism
U.S. equity markets showed mixed results as oil prices fell 3.9% on optimism surrounding potential peace talks between the United States, Pakistan, and Iran, with the Dow rising 0.46% while the Nasdaq declined 0.64%.
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Meta pauses $19.99 Ray-Ban smart glasses subscription after backlash
Meta halted its plan to charge $19.99 per month for Conversation Focus, a Ray-Ban smart glasses feature that runs locally on the device, after user backlash forced the company to reverse course before launch.
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Hyperliquid: Real-World Assets Overtake Crypto in Weekly Volume
Real-world assets moved more money through Hyperliquid than crypto in a single week for the first time, with tokenized stocks and commodities accounting for 52% of the exchange's $48.2 billion weekly volume. ARK Invest's Lorenzo Valente says the trend signals a fundamental change in how decentralized finance will organize.
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Samsung Wallet to Add Stablecoin Support, Starting With USDC
Samsung announced stablecoin support for Samsung Wallet at Galaxy Unpacked on July 22, showing a mockup holding Circle's USDC. The company hasn't disclosed launch details, issuers, or whether the feature will be custodial.
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OFAC Designates Four Individuals, Nine Entities in Zanjani Sanctions Evasion Network
The U.S. Treasury's OFAC designated four individuals and nine entities tied to Babak Zanjani's sanctions evasion operation on July 24, targeting crypto exchanges Zedcex and Zedxion that processed $94 billion in transactions since 2022.
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Clarity Act faces long odds as Democrats reject ethics language
Senate Majority Leader John Thune signaled the Clarity Act likely won't clear before the August recess. Democrats rejected GOP ethics provisions, and prediction markets have grown gloomier on passage prospects as the legislative calendar tightens.
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Poolin Bitcoin Mining Pool Files Chapter 11 Bankruptcy After 2022 Freeze
Poolin Technology, a Singapore-based operator of one of Bitcoin's largest mining pools, filed for Chapter 11 bankruptcy on July 22. The company froze customer withdrawals in September 2022 and now owes 11,700 users $163.7 million in unpaid IOUs. A Texas mining-site auction is underway to recover funds.
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Intel, Lens Technology explore glass substrate packaging partnership
Intel and Lens Technology are in early discussions about a potential partnership on glass substrate packaging technology, which offers superior thermal stability and chip density compared to traditional organic substrates.
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Bitcoin ETFs Post $225M Outflow, Snapping Seven-Day Inflow Streak
U.S.-listed spot Bitcoin ETFs posted $225.2 million in net outflows Thursday, ending a seven-session inflow streak and marking the category's first negative day since mid-July. BlackRock's IBIT led the exodus as Bitcoin briefly dipped under $65,000 amid renewed U.S.-Iran hostilities.
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World Foundation Raises $52.5M in Pantera-Led Funding for World ID
World Foundation has raised $52.5 million through a sale of locked WLD tokens to strategic investors led by Pantera Capital, with funds earmarked to expand World ID, its biometric verification system designed to distinguish humans from AI agents online.
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Houthis declare Red Sea blockade targeting Saudi-linked shipping
The Houthi movement in Yemen declared a blockade targeting Saudi-linked shipping in the Red Sea, marking a significant escalation in the regional maritime crisis and prompting vessel rerouting amid concerns over global oil export flows.
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Riot suspends League of Legends player Syzyf 12 months for family betting
Riot Games suspended Polish League of Legends midlaner Syzyf for 12 months effective July 23, 2026, after he allowed a family member to place bets on his own matches during his time with Onion Team in the Rift Legends 2026 Winter Split.
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$271M in crypto liquidations hit longs hardest in 24 hours
Crypto perpetual futures markets saw $271 million in liquidations over 24 hours, with long positions accounting for $228.2 million. Bitcoin and Ethereum bulls took the largest losses as leveraged traders got caught on the wrong side of a sharp price decline.
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LMAX Group explores sale or IPO with Morgan Stanley advising
LMAX Group, the institutional crypto trading platform founded in 2010, is exploring a potential sale or initial public offering with Morgan Stanley and KBW as advisors. No timeline or valuation has been disclosed.
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SpaceX halts Falcon 9 bookings beyond 2028, pivots to Starship
SpaceX stopped accepting new Falcon 9 dedicated launch bookings for missions beyond 2028, redirecting capacity toward Starship development and internal projects. The move squeezes small satellite operators facing higher costs and longer waitlists.
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World Foundation raises $52.5M for Sam Altman's World ID network
World Foundation closed a $52.5 million token sale led by Pantera Capital to scale World ID, a biometric identity system co-founded by Sam Altman that uses iris scanning through devices called Orbs. The raise comes as the project integrates with major platforms and faces regulatory scrutiny globally.