Articles by Khal
Latest from Khal
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1,100 AI Researchers Call for Government Oversight of Self-Improving Systems
More than 1,100 AI researchers from leading labs have signed an open letter calling for international oversight of self-improving AI systems, warning that recursive self-improvement threatens traditional regulatory frameworks.
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Bitget Resumes Bitcoin Withdrawals After $387.5M Breach Disclosure
Bitget restarted Bitcoin withdrawals four days after a $387.5 million breach, with CEO Gracy Chen disclosing that attackers exploited third-party vulnerabilities to steal internal credentials. The exchange's cold wallets and user balances remained unaffected.
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Bitcoin Falls as Trump Rejects Iran Plan, Oil Surges Above $100
Bitcoin dropped 1.8% to $83,000 as President Trump rejected Iran's ceasefire proposal, sending crude oil above $100 and Treasury yields higher. The pullback appears technical rather than a reversal, with spot ETFs still net positive.
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Adobe forecasts AI-driven retail traffic surge 130% this holiday season
Adobe projects AI-assisted traffic to US retail websites will spike 130% between November and December 2026, with total online holiday spending reaching $275.1 billion—a 6.7% increase year-over-year. AI-referred shoppers spend 43% more per visit and return items less frequently.
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Trump meets Anthropic CEO Amodei amid Pentagon AI supply-chain dispute
President Trump hosted Anthropic CEO Dario Amodei for a private dinner on September 27, marking their first one-on-one meeting as tensions persist over AI safety, military use, and the US-China technology race.
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Florida AG sues OpenAI over ChatGPT safety, seeks emergency injunction
Florida Attorney General James Uthmeier filed a civil lawsuit against OpenAI and CEO Sam Altman in state court, alleging the company concealed ChatGPT's risks and misled users including minors. The suit seeks an emergency injunction and frames the chatbot as a public nuisance.
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Senate finds Iran used $507M in Tether to evade sanctions
A US Senate investigation found that Iran's Central Bank accumulated at least $507 million in Tether's USDT stablecoin to evade international sanctions, prompting formal records demands and a broader government crackdown dubbed Operation Economic Fury.
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Strategy Buys 1,665 Bitcoin for $143M, Holdings Hit 847,666 BTC
Strategy sold 1.47 million common shares for $246.2 million in net proceeds, allocating $142.7 million to purchase 1,665 Bitcoin at an average price of $85,681 per coin, lifting its total holdings to 847,666 BTC.
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MicroStrategy buys 1,665 Bitcoin for $143M, holdings near 848,000 BTC
MicroStrategy purchased 1,665 Bitcoin for approximately $143 million, bringing its total holdings to 847,666 BTC valued at $70.3 billion. The company now holds more than 4% of Bitcoin's total supply, more than any other public company.
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Bitcoin slips below $83,000 as Asia markets sell off
Bitcoin slipped below $83,000 during Monday's Asia session, breaking the lower edge of the range established late last week as oil and Treasury yields climbed in broader market moves.
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Nvidia approves $80B buyback as AI-driven revenue surges 85% YoY
Nvidia's board authorized an additional $80 billion in share repurchases, bringing total buyback capacity to $118.5 billion. The move comes as the chipmaker reported $81.6 billion in quarterly revenue, driven by data center sales that surged 92% year-over-year.
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Bitget Resumes Bitcoin Withdrawals After $388M Breach; Hacker Swaps ETH via THORChain
Bitget resumed Bitcoin withdrawals Monday following last week's $388 million security breach, with Ether returning Tuesday and USDT on Wednesday. The attacker is swapping stolen Ether for Bitcoin through THORChain, which halted its network as an emergency measure.
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XRP Liquidations Hit $10.88M as 980% Imbalance Crushes Longs
XRP fell 3.82% in 24 hours as a 980% liquidation imbalance hammered long traders, with $10.88 million of $11.99 million in XRP liquidations coming from bullish positions during a broader crypto market selloff.
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XRP Ledger Daily Payments Surge to 1.1M, Outpacing 30-Day Average
XRP Ledger payment volume has climbed to approximately 1.1 million per day, exceeding the 30-day average of 887,600 as network activity accelerates, driven by increased on-ledger liquidity and asset trading across the ecosystem.
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BOE's Ramsden Affirms Quantitative Tightening, Signals Rate Hike Readiness
Bank of England Deputy Governor Dave Ramsden reinforced the central bank's commitment to quantitative tightening and signaled potential rate increases if inflation accelerates from its current 2.6% level.
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BOE Deputy Ramsden flags energy prices as persistent inflation risk
Bank of England Deputy Governor Dave Ramsden has identified energy prices as a critical factor in the central bank's inflation assessment, signaling caution over near-term economic pressures alongside food prices and wage growth.
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SFC and AFRC expand crypto oversight with new MoU
The Securities and Futures Commission and Accounting and Financial Reporting Council signed a new memorandum of understanding extending financial reporting and audit cooperation to licensed virtual asset service providers in Hong Kong.
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Quebec regulator warns Pump.fun is unregistered and unauthorized
Quebec's financial regulator issued a public warning against Pump.fun on September 25, stating the Solana-based token launcher operates without proper registration or authorization to solicit investors in the province.
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Venus Protocol Liquidity Hub Merges Yield and Collateral
Venus Protocol launched the Liquidity Hub around August 31, allowing users to earn yield on stablecoin deposits while using those deposits as collateral for loans, addressing a core DeFi capital efficiency challenge.
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Nvidia launches OpenShell, open-source runtime for securing AI agents
Nvidia announced OpenShell at GTC San Jose 2026, an Apache 2.0 licensed open-source runtime that enforces policy-based controls and kernel-level isolation for autonomous AI agents. The project has accumulated 8.6k GitHub stars and integrates with enterprise partners including Cisco, SAP, and Cadence.
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Fake GIWA bridge scam drains $2M in ETH from 1,335 users
A fraudulent bridge for a non-existent GIWA mainnet siphoned approximately $2 million in Ether from 1,335 users before DYORSWAP and Dunamu identified the scam, prompting the DEX to compensate affected users with over 200 ETH.
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Bitcoin drops below $83K as liquidations stall rally toward yearly open
Bitcoin fell to weekly lows Monday after liquidating $70 million in long positions as geopolitical risk from Trump's Iran comments weighed on risk assets alongside US stock futures weakness.
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SEC and CFTC Advance Independent Crypto Rules After Senate Blocks Clarity Act
Following the Senate's rejection of the Digital Asset Market Clarity Act, the SEC and CFTC are advancing independent rules to clarify crypto regulation. Bitcoin and major altcoins remain stable near price highs as industry groups mobilize for regulatory clarity.
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Bitcoin ETFs log $2.4B inflow week, strongest since October 2025
US spot Bitcoin ETFs pulled in $2.4 billion in net inflows for the week ending September 25, their strongest week in nearly a year, signaling a potential reversal after months of outflows and suggesting durable shifts in institutional positioning.