Articles by Khal
Latest from Khal
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GalaChain attacker drains $3M using 55-day-old signatures
An attacker exploited a flaw in GalaChain's EIP-712 signature verification to drain approximately 2 billion GALA tokens (worth $3 million) and dozens of other tokens from nine wallets on August 18. The exploit relied on 74 replayable signatures from failed transactions spanning back as far as 55 days.
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Aave proposes custodied collateral lending framework for institutions
Aave Labs published a governance proposal to let institutions borrow stablecoins against custodied Bitcoin without moving collateral on-chain, using a new token infrastructure and isolated lending architecture.
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Ripple signs college-sports branding deals with Kansas, Florida, Louisville
Ripple has signed multiyear agreements with three major universities to place XRP branding on athletic uniforms and fields, marking a shift from its earlier blockchain research funding strategy. The deals span Kansas, Florida, and Louisville but stop short of requiring token adoption.
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SHIB, HYPE, DOGE consolidate at key technical levels
Four major altcoins are testing critical support zones after August rallies lost steam. Shiba Inu, Hyperliquid, Dogecoin, and Monero face decisive technical barriers that will determine their next directional move.
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Fed Rate Hike Odds Hit 94.5% as Wall Street Braces for Tightening
The Federal Open Market Committee concludes its two-day meeting Wednesday with a 94.5% probability of a quarter-point rate hike, according to CME's FedWatch tool. Nearly every major bank expects tightening, but political pressure from the Trump administration complicates the outlook for markets and Bitcoin.
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Semiconductor stocks tumble on AI slowdown calls, but capex outlook stays strong
Semiconductor stocks fell sharply September 14 after AI executives called for caution on frontier model development, yet analyst consensus suggests infrastructure spending will remain robust as companies extend hardware lifecycles.
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Manchester derby VAR error: Webb blames tunnel vision on offside call
Manchester City's 1-0 victory over Manchester United on September 13 stood despite Howard Webb, Pro Ref's chief, identifying a critical VAR failure: officials fixated on semi-automated offside technology missed an offside interference call that should have nullified the winning goal.
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Micron Technology launches Research Labs with $10 billion investment plan
Micron Technology established Micron Research Labs on August 20, 2026, with a $10 billion investment over roughly a decade, though leadership appointments remain unconfirmed as of mid-September.
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Bitcoin Core v32.0 defaults to PSBTv2, ships October 10
Bitcoin Core v32.0 ships with major protocol changes including PSBT v2 defaults, HTTP server rewrites, and transaction index compression. The release targets October 10, with RC1 tagged September 14, leaving app developers 26 days to adapt.
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Senate Rejects Crypto Clarity Act; Bitcoin Dips 4% on Failed Cloture Vote
The Senate failed to invoke cloture on the Digital Asset Market Clarity Act on Tuesday, falling short of the 60 votes needed to advance the bill. Bitcoin declined nearly 4% on the day, though the market recovered quickly from initial losses.
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Senate fails to advance CLARITY Act, crypto regulation stalled
The US Senate failed to pass a cloture motion on the Digital Asset Market Clarity Act on Tuesday, falling short of the 60 votes needed to advance the bill. The setback leaves the nation's first proposed regulatory framework for digital assets in limbo with less than 36 days of business remaining before 2027.
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Federal Reserve raises rates 25 bps to 3.75%–4.00%, signals more hikes ahead
The Federal Reserve lifted the federal funds rate by 25 basis points to 3.75%–4.00% on September 16, marking its first hike in over three years. Chair Kevin Warsh signaled the move at Jackson Hole in August, and economists expect additional tightening through early 2027.
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Bank of England official: stablecoins deepen US dollar dominance
Carolyn Wilkins of the Bank of England's Financial Policy Committee said dollar-denominated stablecoins could reinforce US currency dominance and boost demand for Treasury bills, with issuers like Tether and Circle already holding nearly $150 billion in government debt.
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US Seeks $61M Crypto Forfeiture Tied to Iranian Oil Scheme
Federal prosecutors announced a civil forfeiture action against $61 million in cryptocurrency allegedly tied to black-market Iranian oil sales laundered through Chinese companies operating Binance accounts.
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House Committee Marks Up Digital Asset Tax Certainty Act
The House Ways and Means Committee will vote on the Digital Asset Tax Certainty Act on September 16, a 114-page bill that would create a $10 de minimis exemption for blockchain fees and reshape how the IRS treats crypto transactions.
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Ampleforth Proposal 54 canceled after wallet requests 98% of treasury USDC
A single proposing wallet submitted a request for 2.5 million USDC from Ampleforth's treasury shortly after receiving 87,238 FORTH of delegated voting power, but the proposal was canceled on-chain before voting opened.
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MEV bot Yoink intercepts $7.7M rsETH exploit, Kelp freezes address
An MEV bot called Yoink front-ran an attacker exploiting a custom Safe module, capturing roughly $7.7 million in rsETH. Kelp froze the receiving address as a precaution while confirming its contracts remain safe and fully backed.
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Anthropic, OpenAI, Google discuss AI standards body for model testing
Anthropic, OpenAI, and Google are discussing the formation of a standards body for testing and auditing AI models. The talks began in July 2026 and reflect growing sector interest in private safety mechanisms, though regulatory and competitive concerns remain.
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Bitcoin drops 2.4% as Senate votes on Clarity Act, Fed rate decision looms
Bitcoin fell 2.39% to $76,314 on Tuesday, erasing its post-golden-cross rally in a single session as traders braced for a Senate cloture vote on the Digital Asset Market Clarity Act and the Federal Reserve's interest-rate decision.
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Clarity Act odds collapse to 18% as Democrats block ethics compromise
Polymarket odds on the Clarity Act becoming law this year plummeted from 35% to 18% after Senate Democrats rejected the Republicans' ethics language and scheduled a counterproposal meeting.
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Altitude integrates Acctual for unified invoicing and bill pay
Altitude announced on September 11, 2026, that it has integrated Acctual's invoicing and bill payment capabilities, allowing crypto-native businesses to manage invoices, payments, and bills on a single platform that supports both stablecoins and traditional payment rails.
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AIUC Raises $40M Series A for AI Agent Insurance
The Artificial Intelligence Underwriting Company closed a $40 million Series A led by Ribbit Capital, bringing total funding to $55 million. AIUC's framework ties insurance coverage to AI safety audits, addressing regulatory pressure from the EU AI Act and emerging US state liability laws.
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Tom Lee: AI debt is infrastructure investment, not bubble risk
Fundstrat cofounder Tom Lee argued via social media that AI-related debt reflects genuine demand and productive investment, not financial distress, positioning AI spending as infrastructure that supports long-term economic growth.
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ByteDance Revenue Hits $120B as AI Spending Crushes Profit
ByteDance posted $120 billion in first-half 2026 revenue, up 30% year-over-year, but net profit declined as the company poured billions into AI infrastructure. The privately held firm raised $29.6 billion in September to fund planned 2026 capital expenditures potentially reaching $70 billion.