Articles by Khal
Latest from Khal
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U.S. congressman proposes strategic Bitcoin reserve with tax-free treatment
A U.S. congressman introduced legislation establishing a federal Bitcoin reserve and eliminating capital gains tax on the asset, signaling potential shifts in crypto policy. The bill remains in committee.
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Empery Digital sells 1,635 BTC, shrinks liquid reserves to 325 coins
Bitcoin-treasury company Empery Digital sold $102.2 million worth of BTC from July through early August, cutting its liquid reserves to 325 BTC as collateral demands and planned investments strain cash reserves.
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XRP Ledger Volume Drops 90% From Peak, Signals Normalization
XRP Ledger's daily payment volume collapsed from over 600 million XRP on August 7 to near-baseline levels by August 9, a 90% decline. But the drop reflects abnormal peak normalization rather than loss of core transaction demand, analysts say.
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Microsoft reveals GitHub Copilot infrastructure gaps in 13.5M sessions
Microsoft Azure Research and the University of Illinois Urbana-Champaign analyzed 13.5 million Copilot sessions spanning one week in June 2026, identifying critical inefficiencies in KV-cache reuse, retry cascades, and idle time that challenge current AI infrastructure assumptions.
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US Spot Bitcoin ETFs Post Best Week Since April With $1B Inflows
US spot Bitcoin ETFs attracted roughly $1 billion in net inflows for the week ending Saturday, marking their strongest showing since April and third-best performance since October, signaling renewed institutional demand after months of uneven flows.
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Senate Sets September 15 Vote on Clarity Act Crypto Bill
Senate Majority Leader John Thune filed a motion to proceed on the Clarity Act early Saturday, scheduling the first procedural vote for September 15. The bill would establish regulatory jurisdiction between the SEC and CFTC, but Republicans still need roughly six Democratic votes to reach the 60-vote threshold.
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Team Liquid advances to EWC 2026 playoffs with dominant 2-0 sweeps
Team Liquid secured playoff advancement at the Esports World Cup 2026 Open Qualifier by defeating Dhala and Metizport without dropping a map, setting up a high-stakes run at the $2 million main event.
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Bitcoin at $65K crossroads as Fed rate bets and Hormuz tensions collide
Bitcoin traded near $65,000 heading into the weekend amid conflicting macro signals: weaker-than-expected US jobs data cut September rate-hike odds to 44%, while geopolitical tensions around the Strait of Hormuz pushed oil higher and fueled volatility expectations.
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Australian Mining Stocks Post Biggest Weekly Gain Since September 2024
Australian mining stocks surged to their strongest weekly performance since September 2024, driven by rising copper and gold prices that boosted investor confidence across the sector.
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Bitcoin fork replay-attack risk: BIP-110 could drain real BTC
A potential Bitcoin chain split triggered by BIP-110 activation could enable replay attacks that drain real bitcoin from holders who sell fork-chain coins, according to developer Kevin Loaec. Miner signalling remains low at 2.6%, but the risk persists until the chains can be cryptographically separated.
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Switch files confidentially for US IPO, targets $80 billion valuation
Switch, a Las Vegas data center operator, has confidentially filed for a US IPO with potential listing by November 2026, seeking to raise as much as $10 billion at an $80 billion valuation as demand for AI-optimized infrastructure accelerates.
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Formlabs explores IPO with advisers as 3D printing company eyes public markets
Formlabs, a Somerville-based 3D printing company valued at $2 billion, is in discussions with potential advisers to prepare for an initial public offering. The company reported over $250 million in annual revenue and positive free cash flow in 2025.
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Harvey and EngramLab Release 100M-Token Synthetic Legal Dataset
Harvey and EngramLab released an open-source synthetic dataset containing over 100 million tokens to train AI agents on legal work, addressing confidentiality barriers while preserving institutional knowledge of law firms.
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Anthropic cuts classifier overhead fees for Claude Code users
Anthropic lowered classifier overhead fees for Claude Code users effective August 7, 2026, reducing a cost layer that previously added 15% to 28% on token expenses during Auto Mode and safety-checked sessions.
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Anthropic defaults Claude Code to auto mode on August 14
Anthropic is switching Claude Code to auto mode by default on August 14, allowing its AI coding agent to execute low-risk actions without user approval. The shift follows a March research preview and reflects data showing users approved roughly 93% of prompts under the old manual system.
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Bybit sues North Korea, Lazarus Group over $1.5B crypto theft
Bybit filed a civil lawsuit in US District Court against North Korea, its intelligence agency, and the Lazarus Group over a $1.5 billion crypto theft in February 2025, securing a preliminary injunction to freeze stolen assets.
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BTCPay Server critical vulnerability under active exploitation
BTCPay Server issued an urgent security alert on August 7 after discovering a critical vulnerability under active exploitation that could allow attackers to steal funds. The team instructed users to update to version 2.4.2 immediately or take servers offline.
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US consumers turn optimistic on jobs and stocks as inflation eases
A New York Federal Reserve survey shows U.S. consumers expressing increased optimism about employment, financial conditions, and stock prices—the highest confidence in stocks since April 2021—even as short-term inflation expectations rise slightly to 3.7%.
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OpenAI's First Device: Doughnut-Shaped Speaker by Jony Ive
OpenAI's first consumer device will be a screenless smart speaker shaped like a doughnut, priced at $300 to $400, designed with Jony Ive's LoveFrom studio, and slated to ship in 2027. The company faces a lawsuit from Apple over alleged trade secret misappropriation.
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Ethereum Exchange Reserves Drain $25.6M Weekly as Smart Contracts Surge
Ethereum's exchange reserves are draining at $25.6 million per week while smart contract deployments surged 50% above the three-month average, signaling a structural shift from trading to on-chain utility and potential price volatility.
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Crypto regulation advances as Clarity Act stalls in Senate
With the Digital Asset Market Clarity Act facing declining odds of passage before the Senate recess, the crypto industry is pivoting to regulatory workarounds—from SEC tokenized securities sandboxes to CFTC guidance—that are already reshaping how the sector operates.
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Binance Bitcoin futures hit $57.8B daily volume, dwarfing spot trading
Bitcoin futures trading on Binance reached approximately $57.8 billion in daily volume, nearly eight times larger than spot activity. The surge underscores growing reliance on leveraged derivatives and raises concerns about volatility and liquidation risk.
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Oklo reports $1.21M Q2 revenue as net losses surge to $48.5M
Advanced nuclear startup Oklo posted $1.21 million in Q2 2026 revenue but widened net losses to $48.5 million, up sharply from $33.1 million in the prior quarter, as the company scales AI-driven reactor design while commercial plants remain years from operation.
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Dollar posts best day in two weeks as oil prices climb on Strait of Hormuz tensions
The US dollar surged 0.2% on August 6, its strongest day in two weeks, as reports of Iranian restrictions on shipping through the Strait of Hormuz pushed oil prices higher and reshaped market expectations around geopolitical risk.