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In brief An AI agent exploited an Australian gym’s booking system and canceled another member’s reservation. The case comes as major AI developers disclose that their models compromised websites and other online services. Researchers found that agents frequently carried out harmful tasks without considering the consequences. An AI agent was asked to book a gym class and found a security flaw, exploited it, and removed another member from the waitlist without permission.According to a report by the Australian Broadcasting Corporation (ABC), the incident occurred earlier this year when Andrew, whose last name was withheld, used an OpenClaw agent using Anthropic’s…

In brief The SEC set an open meeting for Aug. 14 to consider proposing “Regulation Crypto” — its first formal crypto rulemaking. The framework would let projects raise capital without full securities registration, with an exit from SEC oversight once they decentralize. The vote follows the Senate’s failure to advance the Clarity Act; a final rule is still months away. The Securities and Exchange Commission will hold an open meeting on Friday to consider whether to propose new rules that would let crypto projects raise capital without registering securities.The Sunshine Act notice, posted Aug. 10, says the commission will weigh…

Strategy said it held 840,447 BTC as of Aug. 9 and has begun treating its Bitcoin reserve as a source of balance-sheet flexibility.Michael Saylor said Strategy sold $108 million in Bitcoin and $653 million in MSTR shares to increase its dollar reserve by $650 million, and repurchased $109 million of STRC, its variable-rate preferred stock.The timing aligns the three moves without proving that each dollar from the Bitcoin sale directly funded the repurchase. Strategy is also willing to convert a small portion of its BTC into liquidity while supporting a capital structure whose dividends and interest are measured in dollars.The…

In brief Brad Lightcap is leaving OpenAI after eight years. His departure follows several recent exits across the company’s leadership, ethics, and safety teams. OpenAI confidentially filed for a potential IPO in June but has not committed to going public. Longtime OpenAI executive Brad Lightcap announced Tuesday that he is leaving the AI developer after eight years to start a new venture. It’s the latest among a string of departures at the AI behemoth, leaving observers to wonder what to make of the moves as OpenAI preps for an IPO.In a post on X, Lightcap said starting something new was…

The long-awaited crypto Clarity Act has stalled and is due a September vote but regulators are ready to step in to advance crypto rules regardless, according to reports.  Bloomberg reported Tuesday that the Securities and Exchange Commission was preparing to roll out this week initiatives to help the crypto industry. The regulator has said that it will hold an open meeting Friday “to create a tailored offering regime for certain investment contracts involving crypto assets.”  And JD Supra reported Tuesday that Commodities and Futures Trading Commission Chairman Michael Selig was ready to proceed with “rulemaking whether or not the Clarity…

In brief BTCPay Server supporters offered 10% of recovered funds, capped at 3 BTC. Attackers stole Bitcoin using credentials taken from vulnerable LND servers. Users running affected software should update to version 2.4.2 immediately. BTCPay Server supporters are offering 10% of any funds recovered, capped at 3 BTC currently worth around $190,000, if all the Bitcoin stolen in a recent exploit is returned.In a post on X on Monday, BTCPay said the offer extends to anyone with information that could help recover the funds, including the attacker.“We will examine our mistakes, but regret alone will not help affected users or…

Strategy’s U.S. dollar reserve has reached $4.65 billion, up from $3.75 billion two weeks earlier. It has also sold almost 7,000 BTC since late June 2026.  Many are wondering why a company built around accumulating Bitcoin would choose to hold billions of dollars in fiat. More importantly, should other Bitcoin businesses do the same?  Strategy holds cash because it’s in a very unique position  Strategy increasingly operates as an issuer of Digital Credit: preferred securities backed economically by an enormous Bitcoin balance sheet. These instruments create fixed dollar dividends obligations. Bitcoin produces no cash flow. Strategy’s software business produces far…

Casa CEO Nick Neuman pointed to onchain data from the recent Coldcard firmware exploit as evidence that self-custody strengthens Bitcoin’s resilience as an asset class. In an X post on Aug. 9, Neuman cited figures showing that in the days after the Coldcard hack, where approximately 2.1k BTC was stolen, 22k BTC moved to exchanges and 233k BTC left long-term holder wallets in on-chain transactions, according to data by Checkonchain. “The onchain metrics around the Coldcard incident reinforce how important self-custody is to the resilience of Bitcoin as an asset class,” Neuman wrote. DATA BY CHECKONCHAIN Galaxy Research has tracked confirmed…

In brief Trump Media reported a $238 million second-quarter loss, up from $20 million a year earlier. Non-cash losses involving digital assets, pledged assets, and equities topped $190 million. Its Bitcoin and Cronos holdings lost more than 33% of their value during the first half. Falling cryptocurrency prices took a heavy toll on Trump Media & Technology Group during the second quarter, saddling the Truth Social parent company with a $238 million net loss—a steep increase from the $20 million it lost a year earlier.In its second-quarter earnings report, Trump Media said the “vast bulk” of the loss came from…

Bitcoin treasury Twenty One’s new CEO has reassured investors that the firm will become “more than a Bitcon treasury” following shareholder concerns about the company.  The Tuesday letter to shareholders comes after the Bitcoin treasury — the second biggest in the space — released its quarterly earnings: the company posted a net loss of $413.5 million in Q2 2026, driven almost entirely by a non-cash “change in fair value” of its BTC holdings.  Bitcoin treasuries have faced a rough 2026 so far following Bitcoin’s price plunge. The leading cryptocurrency has shed about 50% of its value since it notched a…

Federal prosecutors have secured a conviction against a man involved in a widespread scam network that preyed on older adults and transferred millions of dollars to foreign locations. The schemes relied on building personal connections with victims before requesting cash for phony business opportunities, legal troubles and health costs, says the U.S. attorney for the Northern District of Georgia. More than $2.7 million in illicit funds were sent to Babajide Adesayo, of Atlanta, Georgia, through an intermediary who presented them as payments for vehicles from Adesayo’s dealership, after which he routed the money onward to places including Nigeria, Hong Kong…

In brief Chloé Bakalar, OpenAI’s AI ethics lead, left the company last month without a public announcement, the Financial Times reported. She was OpenAI’s only dedicated ethicist and has not been replaced, according to a person familiar with her role. Her exit follows departures by OpenAI’s head of safety systems and its chief futurist. OpenAI’s head of ethics has left less than a year after joining, and the company has not replaced her, the Financial Times reported on Monday.Chloé Bakalar joined as AI ethics lead last August and departed in July with no public announcement, according to the paper. A…

Bitcoin developer Luke Dashjr, who backed the failed Bitcoin Improvement Proposal (BIP)-110, has been removed from his position as an editor of such proposals for the development of the Bitcoin network.  The decision, voted on by other Bitcoin developers, was posted on the BIP Github Sunday. The BIP Github page, separate from Bitcoin Core’s repository, is where developers can make proposals to change Bitcoin.  Dashjr called the decision “an abuse of power by Core,” adding: “They have no authority to do so.”  This is just an abuse of power by Core.They have no authority to do so.— Luke Dashjr (@LukeDashjr)…