Articles by Khal
Latest from Khal
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Open USD (OUSD) launches with $468M supply, Stripe distribution deal
Open USD (OUSD), a stablecoin backed by more than 200 organizations, debuted Sept. 30 with about $468 million in circulation and a Stripe distribution deal, entering a market where USDT and USDC hold about 84%.
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Bitcoin tops $84,000 as US 10-year yield retreats from highest level since 2002
Bitcoin pushed above $84,000 around Thursday's Wall Street open as US Treasury yields pulled back from multidecade highs, with BTC holding a pattern of higher lows on hourly charts.
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NEAR Intents loses $3.8M in exploit, pledges full compensation to users
Cross-chain protocol NEAR Intents said a bug in Omni deposit and withdrawal infrastructure led to a $3.8 million loss of user funds, adding that the flaw has been patched and users will be repaid in full.
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Bitget's $387.5M hack drives Q3 crypto security losses to $1.26B, CertiK says
Crypto security losses hit $1.26 billion across 247 incidents in Q3 2026, according to CertiK data reported by Cointelegraph. Bitget's $387.5 million hack made up about 31% of the total, and September alone saw roughly $769 million in losses.
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Near Intents halts swaps after $3.8M exploit, pledges full compensation
Near Intents, a cross-chain crypto swap tool, stopped service Thursday after an attacker drained about $3.8 million, Decrypt reported. The team blamed an Omni-layer bug and said losses will be compensated in full.
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NEAR Intents confirms $3.8 million exploit tied to Omni custody integration bug
Cross-chain protocol NEAR Intents confirmed a $3.8 million exploit that it blamed on a bug between its smart contract and Omni's custody architecture. NEAR fell 7.5% to $4.76 within minutes, U.Today reported.
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Midnight's NIGHT token gains 86% in a week as CTO outlines smart contract upgrades
NIGHT, the native token of Cardano-linked privacy chain Midnight, rose for eight straight days and gained 86% in a week, per U.Today, as CTO Sebastien Guillemot laid out v8 and v9 upgrades.
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XRP Ledger passes 10 million x402 AI agent payments as Bitcoin ETF inflow streak ends
The XRP Ledger passed 10 million AI-agent payments over the x402 protocol, according to t54 platform data reported by U.Today. The same morning, a Treasury yield spike pulled Bitcoin back toward $84,000.
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Top 10 SHIB exchange inflows total 10.44 billion tokens in 24 hours, U.Today reports
The ten largest Shiba Inu inflow transactions to exchanges totaled 10.44 billion SHIB in 24 hours, according to on-chain data cited by U.Today, which said the flows could signal either selling or repositioning.
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Drift opens DFX recovery token claims for users hit by April incident
Drift launched DFX, a Solana recovery token that gives April incident victims one token per verified USDT lost, each redeemable from a Recovery Pool holding about 3.1 million USDT, Crypto Briefing reported.
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Varys, Verda report: only 16 of 494 LATAM stablecoin firms focus on liquidity
A Varys Capital and Verda Ventures report mapped 494 firms in Latin America's stablecoin ecosystem and found only 16 focused primarily on wholesale liquidity, corporate treasury and credit.
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NEAR Intents reports $3.8 million preliminary loss after smart contract bug
NEAR Intents said on Oct. 1 that a bug in its Omni deposit and withdrawal infrastructure led to a preliminary loss of about $3.8 million. The team says it will fully compensate affected funds.
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Google unveils Gemini 4 Argon, an AI model aimed at finding and patching software bugs
Google launched Gemini 4 Argon on September 30, 2026. Google says the model can autonomously discover, validate and patch software vulnerabilities, and for now access is limited to its Fairwind Program.
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Verda Ventures report finds 16 of 494 LatAm stablecoin firms focus on liquidity
A Varys Capital and Verda Ventures report found only 16 of 494 Latin American stablecoin companies focus on wholesale liquidity. Verda partner Amit Chu said that thin layer could put local-currency cash-outs at risk.
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EU opens consumer actions against 10 game firms over in-game currency sales
European consumer authorities opened eleven coordinated actions against ten video game companies, including Mojang and King.com, over how they sell and price in-game virtual currencies.
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Strategy holds STRC Stretch preferred dividend at 12% for October 2026
Strategy kept the annualized dividend rate on its Stretch preferred stock (STRC) at 12% for October 2026, leaving the payout unchanged for a fourth straight month, according to Crypto Briefing.
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Daines' ADAPT Act would spare stablecoin purchases from gains tax, not Bitcoin
Sen. Steve Daines' proposed ADAPT Act would let people spend qualifying dollar stablecoins without recognizing gain or loss starting in 2027. Bitcoin purchases would still be taxable dispositions, CryptoSlate reported.
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Citi raises 12-month Bitcoin target to $113,000, Ethereum to $3,028
Citigroup lifted its 12-month Bitcoin target to $113,000 from $82,000 and Ethereum to $3,028 from $2,240, citing ETF inflows and a supportive macro backdrop, Reuters reported.
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Ripple unlocks 1 billion XRP from escrow as October begins, Whale Alert shows
Ripple released its scheduled 1 billion XRP from escrow at the start of October in four transactions, leaving about 31.845 billion XRP escrowed for now, according to XRPScan data cited by U.Today.
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Oracle reportedly agrees $7 billion, five-year AI chip lease with Tencent
Oracle has reportedly agreed to a five-year, roughly $7 billion lease giving Tencent access to about 100,000 AI chips in Southeast Asia, per FT and Reuters reports; neither company has confirmed it.
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Binance Research projects tokenized equities could reach $349 billion by 2030
Binance Research's base case puts tokenized equities at about $349 billion by 2030, up from a $4.43 billion on-chain balance. Its September 18 report, The RWA Activation Era, also introduces new metrics for how much of that value actually gets used.
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XRP open interest on Binance falls 15.3% from six-month high, CryptoQuant data shows
Open interest in XRP derivatives on Binance has fallen 15.3% from its six-month high, according to CryptoQuant data, as traders trimmed leverage on perpetuals and open interest settled near $485 million on October 1.
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Ripple and CSD BR mirror BTG Pactual fund records on the XRP Ledger
Ripple and Brazilian market infrastructure operator CSD BR announced on Sept. 29 a first phase to mirror BTG Pactual fund-share ownership records on the XRP Ledger. CSD BR keeps the official register.
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Binance's use of MiCA exemption draws EU regulator scrutiny, FT reports
ESMA and regulators in France, Germany and Greece are examining Binance's use of MiCA's reverse solicitation exemption, the FT reported. Separately, ESMA wants stronger powers over non-EU crypto firms.