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BitDigest · Aug 5, 2026

Wednesday August 5, 2026

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Greg Landegger · BitDigest

Fourteen months ago, Elon Musk sounded the alarm about the risks of runaway AI, and most of the industry rolled its eyes and kept building. Last week, OpenAI and Anthropic signaled a version of the same warning. Over 1,200 employees at frontier labs, including chief scientists at both companies and cofounders at Anthropic, endorsed a letter titled Pacing the Frontier, asking the U.S. government to help build tools to slow AI development if it ever needs slowing. Which raises the question nobody arguing about this seems to be asking. How would you actually do it? There are three questions I keep coming back to. What would need to happen. Who would have to agree. And how it would be monitored.

The letter is careful about what it asks for. It does not want a pause now. It wants Washington to help build the option to pace things later. That makes it feel less like a warning and more like a way to pacify a guilty conscience. If the people signing it were truly concerned, they would stop. Nobody is stopping.

Start with what. Pausing a nuclear program means shutting down centrifuges you can inspect and count. Pausing AI means stopping progress on something that lives as code, gets copied instantly, and can be rebuilt from a laptop with rented compute. There is no plant to padlock.

Then there is who. A single lab pausing unilaterally just hands the lead to whoever does not, which is why people close to this compare it to a nuclear arms treaty for software that spreads over the internet in seconds. And compliance is not just a lab problem. Humans are naturally curious, and a single engineer working late may push past an agreed boundary simply to discover what happens next.

Then there is monitoring. You would need a way to measure a model’s capability in real time and audit tools a regulator could trust. None of that exists today.

This may be possible on paper, but I do not think it is possible in practice. Pandora’s box is open, and every lab knows staying relevant means out developing whatever comes next. Recent reports of hacks tied to both OpenAI and Anthropic systems show our ability to control frontier models is already at risk. It’s probably too late and these may just be headlines to appease the public.

◾ Voluntary White House AI guidelines exempt US-made open-weight models from government review (WSJ)

◾ US andUK to coordinate on stablecoin, tokenization oversight (US Treasury)

◾ SpaceX $SPCX and Nvidia $NVDA to build Starmind orbital satellite constellation (Breaking The News)

◾ Britain’s AI Security Institute discloses additional breaches by OpenAI, Anthropic AI agents (Reuters)

◾ Taiwan to enforce Travel Rule for domestic crypto exchanges starting October (Taiwan FSC)

◾ Sens Warren (D-MA), Blumenthal (D-CT) demand SEC investigation into Trump meme coin (Senate Banking Committee)

◾ Financial updates:

  • AMD $AMD Q2’26: Revenue $11.5B +50% y/y | Op income $2.0B | Net income $2.3B (AMD)

  • SpaceX $SPCX Q2’26: Revenue $7.8B +92% y/y | Net loss $541M | aEBITDA $3.5B +191% y/y (SEC Filing)

  • Spotify $SPOT Q2’26: Revenue €4.8B +14% y/y | Op income €655M (Spotify)

  • Palantir $PLTR Q2’26: Revenue $1.9B +93% y/y | Op income $912M | Net income $1.1B | aEBITDA $1.2B (SEC Filing)

  • Snap $SNAP Q2’26: Revenue $1.6B +19% y/y | Op loss $171M -34% y/y | Net loss $164M -38% y/y | aEBITDA $250M +505% y/y (Business Wire)

  • Viasat $VSAT Q1’27: Revenue $1.2B -1% y/y | aEBITDA $381M -7% y/y (Viasat)

  • Sportradar $SRAD Q2’26: Revenue €378M +19% y/y | Net loss €3.5M | aEBITDA €76M +19% y/y (Sportradar)

  • Accel Entertainment $ACEL Q2’26: Revenue $368.1M +10% y/y | Op income $32.1M | Net income $12.5M +72% y/y | aEBITDA $58.9M +11% y/y (Business Wire)

  • Hut 8 $HUT Q2’26: Revenue $74.9M | Op loss $206.3M | Net loss $177.1M | aEBITDA $10.4M (PR Newswire)

  • Cipher Digital $CIFR Q2’26: Revenue $25M | Op loss $78.5M | Net loss $267.5M | aEBITDA loss $30.0M (Globe Newswire)

◾ Operation updates:

  • Strategy $MSTR -1,638 BTC | Total BTC holdings 842,138 (Strategy)

  • Bitmine Immersion $BMNR +10,399 ETH | Total ETH holdings 5,797,813 (PR Newswire)

◾ First SpaceX $SPCX lock-up releases 912M shares tomorrow (Reuters)

◾ $FIRY redeems $80M of 2026 notes (Firy)

◾ iShares Ethereum Trust $ETHA announces 3-for-1 reverse split (X)

◾ Hyperscale Data $GPUS FY’26 Guidance: Revenue $300M-$350M | aEBITDA $60M-$80M (PR Newswire)

◾ OpenAI releases texts, emails to rebut Apple $AAPL trade secrets lawsuit, claims facts are wrong (OpenAI)

◾ Appeals court allows Perplexity shopping bot back on Amazon $AMZN (Bloomberg Law)

◾ Wells Fargo to roll out tokenized deposits for corporate clients (WSJ)

◾ Boerse Stuttgart Digital, Tradias merge to form Europe’s leading crypto infrastructure provider (Boerse Stuttgart Digital)

◾ BlackRock launches tokenized money market funds in Europe (Bloomberg)

◾ Fortitude completes acquisition of 12.5 MW Nebraska facility (Business Wire)

◾ Broadridge, xStocks to let tokenized stockholders vote via proxy (PR Newswire)

◾ Eliza Labs winds down after settling lawsuit (X)

◾ Tether releases XAU₮ attestation report (Tether)

◾ Dinari offers 724 tokenized stocks (PR Newswire)

◾ Cloudflare $NET launches agentic AI wallets with spending caps (Cloudflare)

◾ Italian bank Intesa Sanpaolo triples staked Ether ETF holdings (Cointelegraph)

◾ Galaxy $GLXY, $BNY partner to add staking to BNY’s custody platform (Galaxy)

◾ Bitdeer $BTDR signs $4.7B, 16-year AI data center lease in Norway (Bitdeer)

◾ 37 arrested protesting at data centers this year (Futurism)

◾ Mistral introduces new open-weights model, Shieldstral (Mistral)

◾ Kalshi debuts hub for trading corporate earnings metrics (Kalshi)

◾ Polymarket looks to raise $1B at $20B valuation (CNBC)

◾ Polymarket, Genius Sports $GENI to offer data, live streaming, integrity checks on US sports prediction markets (Genius Sports)

◾ Judge rejects Kalshi’s bid to dodge Utah anti-gambling laws (Utah Politics)

◾ Spotify $SPOT, Merlin partner on fan covers, remixes via new paid tool (Spotify)

◾ Web3 co Proof of Play ceasing operations (X)

◾ Novig launches sports prediction markets via CFTC-approved Ludlow Exchange (DeFi Rate)

◾ Electronic Arts completes acquisition by PIF, Silver Lake, Affinity Partners (EA)

◾ Pieces of 2025 SpaceX $SPCX rocket believed crashed into moon, forming new crater (Reuters)

◾ SpaceX $SPCX plans Starship launch as soon as end of month (Reuters)

◾ Telesat $TSAT wins $2.3B Canadian Arctic military satcom deal (Telesat)

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