Articles by Khal
Latest from Khal
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Ondo Finance pivots to private trading network for tokenized assets
Ondo Finance abandoned plans for a conventional blockchain, instead launching Ondo Network—a private, high-speed trading system that separates execution from settlement and powers its newly-launched perpetual futures platform.
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Crypto-Friendly States Rise in Draper Innovation Index Rankings
Texas and Oklahoma climbed the Draper Innovation Index in 2026, while California and New York fell sharply, as states with crypto-friendly policies and lower regulatory barriers attract startups and venture capital.
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AMD CEO Lisa Su: AI Reaches Inflection Point for Meaningful Work
AMD CEO Lisa Su stated in a Yahoo Finance interview that AI has reached an inflection point where more people are doing genuinely useful work. The company announced a significant partnership with Anthropic involving up to 2 gigawatts of GPU deployment and a $5 billion equity investment.
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Crypto security breaches hit $1B record in H1 2026: Blockaid report
Cryptocurrency security breaches resulted in losses exceeding $1 billion in the first half of 2026, marking a record high. On-chain security platform Blockaid reported 212 separate incidents, with Ethereum and Solana projects bearing the brunt of losses.
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Claude AI Discovers Faster Attacks on HAWK and AES Cryptography
Anthropic's Claude AI model identified improved attacks against multiple cryptographic algorithms, including HAWK and AES, in a demonstration of how frontier AI can uncover mathematical weaknesses that escaped human review. The company published findings after following responsible disclosure procedures.
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XRP slides as Senate shelves Clarity Act and Fed decision looms
XRP fell to $1.0641 after the Senate formally shelved the Clarity Act to prioritize other legislation, leaving a narrow window before August recess. Fed Chair Kevin Warsh's rate decision and technical weakness compound pressure on the token.
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Coinbase Appoints Rob Witoff as Chief Technology Officer
Coinbase named longtime engineer Rob Witoff as its new chief technology officer, bringing back one of the company's earliest builders as the exchange accelerates its AI-first transformation.
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OPEC+ Pauses Oil Output Hikes Amid Oversupply Concerns
OPEC+, led by Saudi Arabia and Russia, halts further production increases to combat oversupply risks and weaker seasonal demand, aiming to stabilize crude prices and producer revenues.
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DRW CEO: Regulators Misunderstand Perpetual Futures as Gambling
Don Wilson, CEO of trading firm DRW, argues that perpetual futures are straightforward contracts without expiration dates, and regulators should evaluate them on economic substance rather than legal labels. His comments reflect growing interest in bringing regulated perps to traditional U.S. markets.
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RealT Tokenized Real Estate Platform Enters Liquidation
RealT, the largest tokenized real estate platform in crypto, announced voluntary liquidation after raising $140 million by tokenizing Detroit rental properties. The collapse leaves 14,000 to 22,000 investors holding digital assets as a court-appointed fiduciary and the city's lawsuit over vacant properties accelerated the company's insolvency.
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Senate passes bipartisan bill for 100% tariffs on Russian energy
A bipartisan group of US senators agreed on legislation that would authorize tariffs as high as 100% on major purchasers of Russian oil and gas, while extending sanctions against Iran through 2031. The bill also aims to close loopholes in Russia's shadow fleet and delayed progress on crypto regulation.
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Google upgrades Gemini API agents with Gemini 3.6 Flash and automation
Google updated its Gemini API managed agents with Gemini 3.6 Flash as the default model, adding environment hooks, token budget controls, and scheduled task execution to streamline autonomous AI workflows.
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Insurance Index hits record high as Wall Street rotates from AI
The S&P 500 Insurance Index reached an all-time high Tuesday as institutional capital shifted from AI-exposed tech stocks to defensive sectors, signaling cooling risk appetite that could ripple across high-beta assets including crypto.
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Core Scientific Q2 revenue hits $164M as AI colocation surges
Core Scientific doubled revenue to $164.2 million in Q2 2026, driven by AI colocation services that now represent 83% of earnings. A landmark AMD partnership covering 530 MW signals a strategic pivot away from Bitcoin mining.
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Core Scientific Q2 revenue doubles to $164.2M as AI colocation surges
Digital infrastructure company Core Scientific more than doubled its Q2 revenue to $164.2 million, driven by rapid growth in AI and HPC colocation. A non-cash warrant accounting charge resulted in a $1.15 billion net loss, though the company announced a major AMD partnership with potential to generate over $14 billion in contracted revenue.
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Five Wall Street giants back Senate's Digital Asset Market Clarity Act
Five major Wall Street firms have endorsed the Digital Asset Market Clarity Act as Senate negotiators race against an August 8 recess deadline. The bill would establish a unified regulatory framework for crypto, with backing from BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi.
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Morgan Stanley launches Ethereum and Solana ETFs with 0.14% fees and staking
Morgan Stanley Investment Management debuted spot Ethereum and Solana ETFs with expense ratios of 0.14%—the cheapest in their categories—and integrated staking that passes approximately 95% of rewards to shareholders.
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Anthropic and OpenAI partner with Trump administration on AI model evaluation framework
Anthropic and OpenAI are working with the Trump administration to establish a federal government plan for reviewing frontier AI models for cybersecurity and national-security risks prior to public release, with a July 31 deadline for the initiative.
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Binance commands 35% of crypto exchange TradFi perpetuals market
Binance captured over one-third of open interest in TradFi perpetual contracts, with total market volume exceeding $2 billion. The exchange launched gold and silver perpetuals in January and has expanded into equities, signaling deeper integration between crypto and traditional finance markets.
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Federal court blocks Minnesota's prediction-market felony law for Kalshi, Polymarket
A federal judge temporarily barred Minnesota from enforcing its new prediction-market felony law against CFTC-regulated exchanges including Kalshi and Polymarket US, ruling the Commodity Exchange Act preempts the state statute scheduled to take effect August 1.
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EthSystems Spins Out of Ethereum Foundation to Build Privacy Infrastructure
EthSystems, a new startup emerging from the Ethereum Foundation's Institutional Privacy Task Force, is building confidentiality infrastructure to help banks and financial institutions deploy assets and trading activity on public blockchains without sacrificing privacy.
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Zcash retires $1.7B Orchard pool after Ironwood upgrade activates
Zcash activated the Ironwood upgrade on Tuesday, retiring the Orchard pool that held 3.66 million ZEC. The move comes after a counterfeiting bug lay undetected in Orchard's proof circuit for four years; a turnstile mechanism now caps all withdrawals at verified deposits.
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OpenAI and Anthropic urge US to enhance frontier AI model review
OpenAI and Anthropic called on the US government to establish a national evaluation framework for advanced AI models, citing concerns over Chinese open-weight systems and recursive self-improvement risks.
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AI chatbot lawsuits surge over safety failures, drawing Big Tobacco parallels
At least 58 lawsuits targeting Character.AI, OpenAI, Google, and Microsoft have emerged by early 2026, with plaintiffs alleging fundamental safety failures linked to teen mental health crises and suicides. Legal experts compare the litigation wave to Big Tobacco cases.