Articles by Khal
Latest from Khal
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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.
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Smartphone market faces record 14% decline as AI reshapes chip allocation
Global smartphone shipments are projected to plummet 13.9% to 1.08 billion units in 2026—the steepest annual decline ever recorded—as AI applications consume memory chips at unprecedented rates and geopolitical disruptions strain the semiconductor supply chain.
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Strategy's $2.5M Bitcoin Sale Sparks $50M Polymarket Dispute
Strategy announced selling 32 BTC in late May, but the timing dispute over a Polymarket bet has escalated to UMA tokenholders for final resolution, with the market currently showing 99.9% odds against the sale.
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Radiant Capital Shuts Down After $50M Hack, 18-Month Recovery Fails
Radiant Capital announced Monday it is closing operations after 18 months of recovery efforts from an October 2024 exploit that drained roughly $50 million. The protocol said it hasn't recovered meaningful funds or raised fresh capital.
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Compass Point Reiterates Sell on Coinbase Amid Derivatives Competition
Compass Point analysts reiterated a bearish $140 price target for Coinbase, citing intensifying competition in perpetual futures from rivals like Kraken, Robinhood, and offshore platforms as a structural headwind to the exchange's pricing power and revenue growth.
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Crypto funds suffer second-largest 2026 outflows as Iran tensions mount
Digital asset investment products recorded their second-largest weekly outflow of 2026 by the end of May, with investors pulling $1.67 billion from crypto funds amid geopolitical tensions and declining bitcoin sentiment.
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OpenAI builds custom chips and software to reduce Nvidia dependency
OpenAI is developing internal software and custom silicon to run AI workloads across multiple hardware manufacturers, challenging Nvidia's dominance and potentially lowering the cost of consumer AI services by 2026.
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MicroStrategy sells bitcoin for first time since 2022 as corporate treasury trend narrows
MicroStrategy offloaded roughly $2.5 million worth of bitcoin on June 1, breaking its accumulation streak since December 2022. Despite the sale, the company remains a major buyer, having purchased over $2 billion worth of BTC through May. Other corporate treasuries show mixed signals as the once-booming digital asset strategy consolidates.
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Vitalik Buterin proposes options-based alternative to DeFi liquidations
Ethereum co-founder Vitalik Buterin published a research proposal suggesting options contracts could replace collateralized debt positions in DeFi, reducing sudden liquidations and oracle dependency.
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BitMine Buys $52M Ethereum as Strategy Sells Bitcoin
BitMine purchased 26,497 ETH worth $52 million as Ethereum dipped below $2,000 for the first time since March. The move came a week after BitMine's largest 2026 acquisition of 112,000 ETH, while Strategy sold Bitcoin for the first time since 2022.
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Sanders proposes 50% equity tax on OpenAI, Anthropic, xAI for sovereign wealth fund
Senator Bernie Sanders introduced the American A.I. Sovereign Wealth Fund Act, proposing a one-time 50% stock tax on major AI firms to establish a fund giving American citizens direct ownership stakes in AI technologies.
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Revolut launches India beta with 450,000-person waitlist, £500M commitment
Revolut has started onboarding beta users in India from a waitlist of roughly 450,000 people, backed by a £500 million five-year commitment and plans to house 40% of its global workforce in the country by end of 2026.
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MicroStrategy sells first Bitcoin since 2022; ECB warns on stablecoin dollar dominance
MicroStrategy sold 32 Bitcoin for $2.5 million, its first sale since 2022, to fund preferred stock distributions. Meanwhile, the ECB warned that stablecoins could entrench dollar dominance in tokenized finance.
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Bitcoin slides to two-month low as Strategy sells BTC, ETFs shed billions
Bitcoin dropped to $71,479 on Monday after Strategy sold 32 BTC to fund dividends, while Bitcoin ETFs shed nearly $3 billion over a 10-day streak and flipped negative for 2026.
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CFTC Approves Kalshi Bitcoin Perpetual; Hyperliquid Hits ATH
The CFTC approved Kalshi's BTCPERP contract on May 29, the first Bitcoin perpetual on a U.S.-regulated exchange. Hyperliquid jumped 30% over the weekend to $73.50, outperforming Bitcoin by 270% year-to-date, while the Clarity Act inches closer to a floor vote.
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Japan's ruling party backs legal framework for crypto ETFs and yen stablecoins
Japan's Liberal Democratic Party submitted a proposal to create a legal framework for crypto ETF trading and promote yen-based stablecoins, positioning the country to join major markets like the U.S. and Hong Kong.