Articles by Khal
Latest from Khal
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Mt. Gox Moves $739M Bitcoin as October 2026 Repayment Deadline Nears
Mt. Gox transferred 10,422 BTC from cold storage Tuesday, but the move does not signal an immediate sale or new creditor repayments. The defunct exchange has roughly 35,000 BTC left to distribute by October 31, 2026.
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DTCC Selects Stellar for Tokenized Securities Platform
Stellar Development Foundation CEO Denelle Dixon said the DTCC's decision to connect its tokenized securities platform to Stellar validates years of infrastructure work for institutional adoption, though regulatory progress isn't the only driver of blockchain-based finance.
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Shiba Inu Breaks Below Key Support as Exchange Inflows Hit 407B SHIB
Shiba Inu's exchange inflows have surged past 407 billion tokens, crossing the 390 billion threshold as the token breaks below its 50-, 100-, and 200-day moving averages. Technical indicators and exchange net flows suggest bears remain in control.
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Bitcoin slips below $70,000 as extreme fear signals distribution
Bitcoin fell below $70,000 for the first time since April on Tuesday as loss realization, exchange deposits, and extreme fear readings signal renewed selling pressure and a distribution phase.
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Crypto treasury inflows hit lowest level since October 2024
Digital asset treasury companies saw inflows drop to $180 million in May, down 95% from April's $4.4 billion, marking the slowest month since October 2024. Bitcoin treasury firms accounted for 98% of inflows, while investors increasingly reassess passive holding models amid ETF competition and pressure to generate active yield.
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Bitcoin ETF Outflows Are Noise as Wall Street Doubles Down
More than $1 billion exited spot Bitcoin ETFs last week, but Bloomberg Intelligence's Eric Balchunas says the outflows are overblown and the long-term adoption story remains intact as Wall Street expands crypto offerings.
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Symbiotic launches Liquid Lane for instant RWA redemptions
Symbiotic rolled out Liquid Lane, a liquidity network that lets investors redeem tokenized funds and real-world assets for stablecoins almost instantly instead of waiting up to 180 days, addressing a major friction point in the $33 billion RWA market.
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Ripple's RLUSD stablecoin launches in Turkey via BiLira, Bitexen, Bitlo
Ripple's dollar-backed RLUSD stablecoin is now available in Turkey through partnerships with three local platforms, tapping a market with nearly $200 billion in annual crypto transaction volume.
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Galaxy Digital launches OTC prediction markets desk for institutions
Galaxy Digital opened an institutional OTC prediction markets desk through its Global Markets division, enabling hedge funds and family offices to access event-driven strategies while combining positions across equities, commodities, and other assets for integrated risk management.
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David Schwartz Clarifies He Wasn't Ripple Founder, Got XRP Later
David Schwartz, Ripple's CTO emeritus, clarified his role at the company's inception, stating he is not considered a founder and did not receive XRP compensation until much later in the company's history.
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Kalshi Seeks SEC Approval for XRP, Solana Perpetual Futures in US
Kalshi filed a proposal with the SEC seeking regulatory approval to offer perpetual futures contracts for XRP, Solana, Dogecoin and other altcoins to US traders, using CF Benchmarks as its pricing data provider.
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Bitcoin drops below $70K as AI equities drain liquidity
Bitcoin dropped below $70,000 for the first time in two months, losing 4.45% in 24 hours. Researcher Pierre Rochard attributes the decline to a parabolic spike in AI-related equities vacuuming up liquidity, rather than Strategy's recent bitcoin sale. Crypto markets face headwinds from upcoming U.S. economic data.
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XRP Ledger payment volume surges 10x to 1.51 billion in single day
XRP Ledger's daily payment volume jumped nearly 10-fold to roughly 1.51 billion XRP on June 1, marking one of the year's largest on-chain spikes, even as the token's price declined below key support levels.
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Bitcoin's First Gapless CME Week Reshapes Technical Trading Signals
CME Group's cryptocurrency futures began continuous trading on May 29, eliminating the weekend gap that has shaped Bitcoin's technical landscape for years. The move arrives as spot ETFs shed billions and legacy gaps in the $70,000–$80,000 range remain unresolved.
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Mt. Gox moves $739 million in Bitcoin, first transfer since March
Mt. Gox transferred 10,306 Bitcoin ($730.8 million) from cold storage early Tuesday, its first onchain movement in over two months, fueling speculation about imminent creditor repayments ahead of the October 2026 deadline.
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DonAlt Sets Bitcoin Floor at $60,000, Dismisses Saylor Sell Panic
Trader DonAlt, who accurately predicted XRP's 700% rally, says Bitcoin is locked in a sideways range with a $60,000 support floor and $82,300 ceiling, and dismisses fears about Michael Saylor's selling as a manufactured panic.
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Bitcoin falls below $70K as $800M in crypto positions liquidate
Bitcoin dropped to fresh two-month lows near $69,631 on Tuesday as sellers dominated and crypto liquidations surged to $800 million, with traders eyeing the 200-day moving average as the next critical support.
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Ripple Launches RLUSD Stablecoin in Turkey With University Partnership
Ripple has expanded its USD-backed stablecoin RLUSD into Turkey, where it will serve as a settlement asset for three major exchanges and fund an educational partnership with Istanbul Technical University.
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Bitcoin ETF outflows hit $3.4B as AI stocks pull capital away
U.S. spot bitcoin ETFs bled $3.45 billion across 11 straight trading sessions through Monday, the longest redemption streak since January 2024, as investors rotated into semiconductor and AI equities. Bitcoin slipped toward $70,000 during the selloff.
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TON Rebrands to Gram, Token Surges 15% on Announcement
The Open Network announced plans to rebrand its Toncoin (TON) token back to Gram, its original name from the first white paper. The token surged 15% to $2.25 on the news, though it has since retreated to $2.07 by Tuesday morning.
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Bitmine buys $52M ETH as Lee says price doesn't reflect Ethereum strength
Bitmine Immersion Technologies acquired $52 million worth of Ether in its latest purchase, bringing it 90% toward its goal of holding 5% of total circulating supply. Chair Tom Lee said ETH prices aren't reflecting Ethereum's strengthening fundamentals.
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Radiant Capital to wind down after $50M Lazarus hack
Radiant Capital announced it will cease operations and transition to a maintenance state after the Lazarus Group stole $50 million in October 2024, collapsing the protocol's total value locked from $386.8 million to just $5 million.
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Trump Meme Coin Organizer Plans World Cup Trip for Top 19 Holders
Bill Zanker, a longtime Trump associate managing the president's meme coin, announced a permanent Trump Coin Club offering top holders exclusive quarterly events. The inaugural gathering will send the top 19 holders to the FIFA World Cup finals next month.
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Kalshi files to list XRP, SOL, ETH, DOGE perpetual futures
Kalshi filed to list perpetual futures contracts tied to XRP, SOL, ETH, DOGE, and eight additional altcoins on its regulated US venue, expanding its crypto derivatives offerings beyond Bitcoin.