Articles by Khal
Latest from Khal
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Elon Musk expands Memphis AI cluster to 1.1M GPUs by 2026
Elon Musk announced plans on September 25 to more than double the Nvidia chip count at the Colossus 2 AI cluster in Memphis, Tennessee, pushing capacity toward 1.1 million H100-equivalent accelerators and drawing major commitments from Google and Anthropic.
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Diesel hits $6.53 record, testing inflation pressure on Bitcoin
US on-highway diesel reached $6.529 per gallon on September 21, marking a nominal record as tight global supplies and elevated crude prices squeeze freight costs. Upcoming CPI and producer-price reports will show whether higher fuel costs are spreading inflation, potentially keeping the Federal Reserve's rates elevated longer.
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Strategy proposes daily dividend accruals for preferred shares
Strategy filed a preliminary proxy to allow its four U.S. preferred shares to accrue dividends every calendar day, including weekends and holidays, moving from quarterly or semi-monthly schedules in a bid to dampen price swings.
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Bitwise Buys 6.48M XRP for Third Day as ETF Inflows Hit $1.7B
Bitwise purchased 6.48 million XRP in fresh trading activity, marking its third consecutive day of buying the asset. The move reflects sustained institutional demand, with XRP spot ETFs now holding $1.70 billion in combined net assets.
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Whitehats rescue $5.7M in NFTs after Limit Break exploit
Security researchers launched a whitehat operation to recover 23,155 NFTs worth $5.7 million after a bug in Limit Break's Payment Processor V2 was exploited. A related vulnerability also left 660 WETH unrecovered.
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Nomic Foundation launches slang-solx compiler with 5x speed gains for Ethereum
The Nomic Foundation released slang-solx, an LLVM-based Solidity compiler backend, on September 7, 2026, achieving up to 5x faster compilation speeds in via-IR mode. The Solidity core team followed with version 0.8.37, adding security fixes and support for the SLOTNUM opcode tied to the Amsterdam EVM upgrade.
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Microsoft Copilot consolidates Office, coding, and autonomous agents into single platform
Microsoft released a major Copilot update on September 25 consolidating chat, document editing, code generation, and autonomous agents into one application, shifting to usage-based pricing and bundling capabilities that smaller firms typically sell separately.
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Kazakhstan allows crypto miners to burn excess oil-field gas for power
President Tokayev signed a decree enabling oil producers to convert flare gas into electricity for Bitcoin mining, addressing both energy waste and mining sector revival while sidestepping grid strain that previously derailed operations.
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Defense Secretary Hegseth Holds Bitcoin in Coinbase Wallet
U.S. Defense Secretary Pete Hegseth holds Bitcoin valued between $16,000 and $65,000 in a Coinbase wallet, according to his 2025 financial disclosure filed with the Office of Government Ethics. The filing also lists more than $1 million in cash and at least $3.1 million in total assets.
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Barclays warns rising bond yields threaten stock market stability
Barclays issued a warning that elevated bond yields are eroding equity valuations and driving market volatility, as investors shift capital toward fixed income. U.S. Treasury yields have surpassed 5% for the first time since 2007, forcing equities to rely more heavily on earnings growth.
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Tower Semiconductor Rated Outperform by Mizuho on AI Optical Boom
Mizuho Securities launched coverage of Tower Semiconductor on September 25 with an Outperform rating and $300 price target, citing the company's leadership in silicon photonics and exposure to AI data center infrastructure spending.
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KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit
Evercrest Technologies filed a lawsuit against LayerZero and CEO Bryan Pellegrino, alleging that compromised infrastructure and poisoned RPC data—not KelpDAO's code—enabled a $292 million rsETH bridge exploit in April 2026. The suit disputes LayerZero's public blame-shifting and claims the company endorsed the security configuration that failed.
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IBIT Options Signal Calmer Bitcoin Price Swings Ahead
Implied volatility in IBIT options has fallen to 11.9 on its 12-month rank, near the bottom of its range, suggesting traders expect smaller Bitcoin price swings ahead despite recent market turbulence.
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MultiversX mainnet resumes after five-day exploit halt; Kraken pauses EGLD trading
MultiversX's mainnet came back online September 24 after an exploit-related shutdown, but Kraken continues restricting EGLD trading to cancel-only mode with deposits and withdrawals suspended.
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Sequans Communications exits Bitcoin treasury after 15-month run
Sequans Communications, a Paris-based semiconductor company, has completed its exit from Bitcoin treasury strategy by selling its final 314 BTC on September 24, unwinding a peak position of 3,234 Bitcoin accumulated over 15 months and using proceeds to retire convertible debt and strengthen its balance sheet.
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PayPal's PYUSD stablecoin expands to 70 markets, supply hits $4 billion
PayPal announced on March 17 that its PYUSD stablecoin is now available across 70 markets, up from the US and UK, with circulating supply exceeding $4 billion. The expansion covers Colombia, Peru, Uganda, Singapore, and other regions, positioning PYUSD as the seventh-largest stablecoin by market cap.
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Whitehat rescues 3,832 NFTs from Magic Eden vulnerability
A whitehat operation moved 3,832 NFTs from hundreds of wallets Friday after a vulnerability was discovered on Magic Eden. Yuga Labs confirmed the transfers were protective, and the assets will be returned once the risk passes.
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Senate Democrats' Super PAC Eyes Kansas Senate Race Investment
Senate Democrats' primary super PAC is considering spending in Kansas, where polling shows a toss-up between incumbent Republican Roger Marshall and Democrat Adam Hamilton. Market pricing on a Democratic victory has jumped to 30.5%, up from 25% a week ago.
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Bitcoin whale moves $381M after 4-year silence, secures $194M profit
An early Bitcoin miner linked to a 2010-era mining network moved 4,500 BTC ($381.38 million) to a new address after four years of inactivity, securing $194 million in unrealized profit without sending coins to major exchanges.
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Solana DEX volume inflated by bots and circular trades, Bitquery finds
Bitquery analysis finds that 58.4% of Solana DEX trades in a 30-day sample were circular or bot-driven, inflating reported volume. The finding challenges how platforms measure real trading demand on the blockchain.
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Elon Musk plans Memphis AI cluster expansion to 1.1M GPUs by 2026
Elon Musk announced plans to more than double Nvidia chip capacity at the Colossus 2 AI cluster in Memphis by end of 2026, pushing the facility toward 1.1 million H100-equivalent accelerators and reshaping regional energy infrastructure.
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Payy Freezes Stablecoin Network After $1.8M USDC Bridge Exploit
Payy halted all transactions on its stablecoin payment network after an Ethereum bridge contract was exploited and drained of roughly $1.8 million USDC on September 24. The company disclosed no customer-loss figures or restoration timeline.
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Lightspeed targets $300–$350M for early-stage AI fund in India
Lightspeed Venture Partners is raising a fifth India-focused fund with a $300–$350 million target, down from $500 million in 2022, as the firm prioritizes early-stage AI startups in the region.
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Two XRPL AMM pools account for 97% of volume with just 185 trades
Two pools exchanging TIX for other issued tokens accounted for 97.24% of seven-day automated market maker volume on XRP Ledger, despite recording only 185 total trades and no activity in the latest 24 hours.