Articles by Khal
Latest from Khal
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BlackRock markets $12.3B bonds for Meta's 1-gigawatt El Paso data center
BlackRock is raising $12.3 billion in bonds to finance a data center campus in El Paso, Texas, anchored by Meta through an 80/20 joint venture structure that keeps capital expenditure off the social media giant's balance sheet.
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Cardano Spot Flows Plunge 1,917% Amid Van Rossem Hard Fork
Cardano's spot flows dropped 1,917.11% in four hours on Friday as outflows exceeded inflows by $303,100, while the token fell 4.60% to $0.166. The move came after the network completed its van Rossem hard fork, the first upgrade voted on by all three governance bodies.
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Memecoin.fun raises $3.5M on Robinhood Chain launchpad
Memecoin.fun, a token launchpad on Robinhood Chain, secured $3.5 million in funding led by Becker Ventures to expand cross-chain infrastructure and accelerate meme token deployment tools.
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Trump's Trade Act tariffs blocked by court; Bitcoin slides to $65K
The Trump administration pivoted to Section 122 of the Trade Act of 1974 after the Supreme Court blocked IEEPA-based tariffs in February 2026. A federal court ruled the new tariffs unlawful in May, but the administration continues litigation as the July deadline approaches and Bitcoin slides toward $65K.
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Crypto home invasions surge 20-fold in H1 2026, CertiK reports $124M losses
CertiK's H1 2026 wrench-attack report documents a 20-fold surge in crypto-related home invasions, with 52 verified incidents and $124.1 million in losses and ransom demands. Europe and France account for the majority of recorded cases.
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US Air Force deploys F-22 Raptors to Israel amid Iran tensions
The US Air Force stationed a squadron of F-22 Raptor stealth fighters at Ovda Air Base in southern Israel in late February 2026, marking the first time American combat jets were based on Israeli soil. The aircraft conducted coordinated strikes on Iranian targets before withdrawing in early July.
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Brazilian farmers tokenize dairy cows, unlock $20K credit via B3
Farmers in Paraná, Brazil tokenized dairy cows and secured nearly $20,000 in credit through B3, a world-first that uses AI-powered smart collars to prevent fraud and unlock $77.6 million in potential agricultural financing.
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Binance adds ACX, LSK, STX to monitoring tag; seven pairs delist July 24
Binance extended its monitoring tag to Across Protocol, Lisk, and Stacks on July 24, signaling delisting risk. The exchange also removed seven spot trading pairs and four margin pairs the same day.
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XRP Spot Flows Surge 182% as Price Holds Below Key Moving Averages
XRP spot flows jumped 182% over a short-term interval, but the surge reflects mixed trading activity rather than bullish accumulation. The token continues to trade below its 50-day, 100-day, and 200-day moving averages around $1.10.
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North Korea arrests elite hackers for stealing regime funds via crypto
According to Daily NK, North Korean authorities arrested a group of elite state-trained hackers accused of stealing and laundering the regime's own funds through cryptocurrency. The report cites an anonymous source inside Pyongyang and cannot be independently verified.
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Houthi attacks disrupt Red Sea oil shipments; Bab el-Mandeb Strait remains open
Yemeni Houthi rebels have disrupted oil shipments through the Red Sea by targeting Saudi-linked vessels and declaring a maritime embargo, though some tankers continue transiting the Bab el-Mandeb Strait. Insurance costs and regional tensions could escalate further.
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Poolin Bitcoin mining pool files Chapter 11 with $163.7M in IOUs
Poolin Technology and its Texas affiliates filed for Chapter 11 bankruptcy on July 22, owing 11,700 wallet users $163.7 million in unsecured IOUs. Opening bids for asset sales total $52 million, or roughly 31.8% of the debt owed.
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B2C2 held takeover talks with multiple buyers as valuation stalled
B2C2, the London-based crypto market maker 90% owned by Japan's SBI Holdings, has held takeover discussions with several potential acquirers over the past 18 months, but valuation disagreements have complicated deal talks.
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SHIB Burn Rate Slows Despite 3M Tokens Torched in 24 Hours
Shiba Inu saw over 3 million tokens torched in the last day, yet daily burn rates fell 15.8% while weekly and monthly rates dropped even steeper, signaling waning deflation pressure on the meme-coin ecosystem.
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US and Saudi Arabia sign 30-year nuclear deal with uranium enrichment
The United States and Saudi Arabia signed a sweeping 30-year civilian nuclear cooperation agreement that could eventually permit domestic uranium enrichment, marking a departure from stricter nonproliferation terms the US imposed on other Middle Eastern partners.
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DeFi's Institutional Trust Problem: Pricing On-Chain Real-World Assets
The DTCC's tokenization trial with 40 major firms signals institutional appetite for on-chain RWAs, but DeFi faces a critical bottleneck: deciding which oracle feeds and curators can be trusted to price tokenized stocks, bonds, and commodities when primary markets close.
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Poolin Bitcoin Mining Pool Files Chapter 11 Bankruptcy With $173M Debt
Poolin, which once controlled nearly a fifth of Bitcoin's global hashrate, has filed for Chapter 11 bankruptcy protection in New Jersey with debts around $173 million. The Singapore-based mining company and its two U.S. affiliates are liquidating assets, including a $52 million bid on two West Texas mining sites.
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China's retail sales fall 0.6% in May as Q2 GDP slows to 4.3%
China's retail sales contracted 0.6% year-over-year in May 2026, marking the first decline since December 2022, while second-quarter GDP growth slowed to 4.3%, the weakest pace in over three years. The deceleration signals broad economic weakness with potential ripple effects across global risk assets.
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India orders GitHub takedown of Jack Dorsey's Bitchat app
India's Cyber Crime Coordination Centre ordered GitHub to remove Bitchat, an offline messaging app built by Block chief Jack Dorsey, citing concerns over anonymous communication. The app enables encrypted messages and bitcoin transactions over Bluetooth mesh networks without internet or servers.
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Polymarket Account Linked to Farage Backer Routed $9M Crypto in Trump Bet
A Polymarket account registered to George Cottrell, a convicted fraudster who bankrolls Reform UK leader Nigel Farage, received $8.8 million in cryptocurrency from unidentified sources in late October 2024 and immediately staked it on a Trump election victory, turning it into $4.46 million in profit before moving funds to other wallets.
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BlackRock IBIT Logs $202M Outflow as Clients Rotate to Ethereum ETFs
BlackRock's flagship Bitcoin ETF saw a $202 million withdrawal in a single day as institutional capital rotated toward Ethereum, yet Bitcoin held steady above $65,400 amid broader market turmoil.
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BitMEX shuts down September 23, signaling crypto risk shift from exchange collapse
BitMEX will close on September 23 after completing a business review, with no balance-sheet hole, withdrawal freeze, or bankruptcy filing. The orderly exit contrasts sharply with FTX's collapse and reflects how crypto's systemic risk has migrated to hacks and market drawdowns.
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Dogecoin, Ether Lead Crypto Pullback as Investors Digest Earnings
Dogecoin fell 4.5% and ether dropped 2.5% on Friday, leading a broad but shallow retreat across major cryptocurrencies. Bitcoin held steady at 0.6% down, while most majors remained green on the week ahead of next week's Federal Reserve meeting.
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Ripple Launches Mint Platform, Invests in Notabene as RLUSD Volume Falls
Ripple unveiled Ripple Mint, an institutional minting platform for RLUSD, and invested in compliance network Notabene to boost adoption. Meanwhile, RLUSD's monthly transfer volume dropped 25% to $11 billion despite holder growth and a $1.5 billion market cap.