Crypto World
Polkadot (DOT) Drops to $1.43 After 97.80% Macro Correction: Can It Repeat a 4,529% Rally?
TLDR:
- Polkadot has declined approximately 97.80% from its all-time high of over $55 reached in 2021.
- Analysts identify a high-risk HTF accumulation zone for DOT between the $1.10 and $1.30 price range.
- A weekly close below $1.20 serves as the formal invalidation level for any current accumulation thesis.
- DOT must reclaim and hold above $4.50 to confirm a descending channel breakout and bullish structure shift.
Polkadot (DOT) is currently trading at $1.43, recording a 4.68% price decline in the last 24 hours. The asset posted a 0.81% gain over the past seven days. Trading volume over the same 24-hour period stood at $123,467,162.
The token sits near a critical demand zone, drawing attention from technical analysts. Market observers are now assessing whether a major recovery is forming.
Polkadot Enters Deep Corrective Phase After 2021 Cycle Top
Polkadot reached an all-time high of over $55 during the 2020–2021 bull run. Since that peak, the asset has declined approximately 97.80% to its current price.
This places DOT firmly within what analysts describe as a macro corrective accumulation phase. The correction has extended from 2022 through the present period in 2026.
Crypto analyst CryptoPatel shared a detailed breakdown of the asset on X. The post noted that Polkadot may be forming the same structure that preceded a 4,529% rally.
According to the analysis, DOT is trading below a confirmed bearish breakdown level. This positions the token at a key accumulation versus invalidation zone.
The chart reflects a multi-year descending channel marked by consistent lower highs and lower lows. Dynamic trendline resistance has rejected price on every retest since the 2021 cycle top.
Additionally, a breakdown below the $3.20 horizontal support level confirmed a bearish structural shift. Weak consolidation near current lows further adds to the cautious near-term picture.
The higher time frame demand zone sits between $1.10 and $1.30, which analysts flag as a high-risk accumulation range. However, it also represents a historically notable area for long-term positioning.
A weekly close below $1.20 would serve as the formal invalidation level. Until that occurs, the structure remains technically watchable for patient market participants.
Key Price Levels Outline the Road Ahead for Polkadot Recovery
For a bullish scenario to materialize, Polkadot must reclaim and hold above the $4.50 level. This marks the descending channel breakout confirmation on the higher time frame.
Without that reclaim, any upside move carries the risk of being a short-term relief bounce. Traders are treating this threshold as the primary structural trigger.
CryptoPatel’s analysis also outlined specific bull cycle targets for Polkadot. These targets are set at $4.47, $9.33, $22.27, and $51.75, moving progressively higher.
Each level represents a distinct recovery zone tied to prior market structure. The final target closely mirrors DOT’s previous all-time high territory.
The risk invalidation level remains a weekly close below $1.20. Such a close would negate the accumulation thesis and point to further downside.
At the time of writing, Polkadot trades at $1.43, sitting just marginally above that threshold. The gap between current price and invalidation is notably slim.
The seven-day gain of 0.81% points to some buying activity near the lows. Yet the 24-hour decline of 4.68% reflects ongoing selling pressure in the short term.
As a result, investors tracking DOT will need to see a sustained move above $4.50. Only then can a confirmed directional shift be considered valid.
Crypto World
Bitcoin Breaks $80K Barrier: Will Altcoins Follow?
Key points:
- Bitcoin’s rally through $79,500 opens the door to a move toward $84,000.
- Ether, Dogecoin and Hyperliquid are showing strength, but the other major altcoins are yet to pick up momentum.
Bitcoin (BTC) opened the new week with a rally above $80,500, suggesting the bulls are attempting to take charge. Analysts are closely watching the $80,000 level, as some believe a failure to close above it could trigger a move toward $60,000.
However, crypto analyst Matthew Hyland said in a post on X that traders calling BTC’s fall to $60,000 and lower ‘will be the ones flipping bullish late above $90K.”
BTC’s 30-day liquidation map shows that a rally above $84,000 would trigger $2.85 billion worth of short liquidations across all exchanges.

Crypto market data daily view. Source: TradingView
A positive sign for the bulls is that BTC’s rise continues to be supported by institutional investors. Capriole Investments founder Charles Edwards said in a post on X that institutions have been “slurping up 500%+ of Bitcoin’s daily mined supply.” Such instances in the past have boosted prices by more than 24% in the following month. If history repeats, BTC may surge to around $96,000.
Could BTC and the major altcoins sustain the breakout? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) remains in a strong uptrend, rising to a new all-time high of 7,272 on Friday.

SPX daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day exponential moving average (7,043) indicates an advantage to buyers, but the relative strength index (RSI) near the overbought zone signals that a minor consolidation or correction is possible in the near term.
The 7,000 level is the crucial support to watch out for on the downside. A solid bounce off the 7,000 level suggests that the bulls have flipped it into support. That improves the prospects of a rally to 7,500.
On the contrary, a close below the 7,000 support may sink the index to the 50-day simple moving average (6,827).
US Dollar Index price prediction
The US Dollar Index (DXY) has been stuck between the 50-day SMA (98.97) and the 97.74 support.

DXY daily chart. Source: Cointelegraph/TradingView
The downsloping 20-day EMA (98.61) and the RSI in the negative territory indicate that the bears are at a slight advantage. If the price breaks below the 97.74 support, the index may tumble toward the 96.21 level.
Conversely, a close above the 50-day SMA suggests that the bulls are on a comeback. The index may rally to the 100.54 resistance level, where buyers are expected to encounter solid selling pressure from bears.
Bitcoin price prediction
BTC has broken above the $79,500 resistance, signaling the resumption of the uptrend toward $84,000.

BTC/USDT daily chart. Source: Cointelegraph/TradingView
The uptrend is expected to face solid selling pressure at $84,000, but if the bulls prevent the BTC price from dipping below the 20-day EMA ($76,634), the possibility of a breakout increases. If the $84,000 level is broken, the BTC/USDT pair may surge toward the pattern target of $92,000.
Time is running out for the bears. They will have to swiftly yank the price below $76,000 to weaken bullish momentum. The pair may then tumble to the 50-day SMA ($72,798).
Ether price prediction
Ether (ETH) rose above the 20-day EMA ($2,298) on Friday and is marching toward the $2,465 overhead resistance.

ETH/USDT daily chart. Source: Cointelegraph/TradingView
Sellers will attempt to stall the rally at the $2,465 level, but if the bulls prevail, the ETH/USDT pair may jump to the resistance line. If the ETH price turns down sharply from the resistance line and breaks below the 20-day EMA, it suggests the pair may remain within the channel for some time.
On the other hand, a break and close above the resistance line signals that the bulls are back in control. The pair may then surge toward the $3,050 level.
XRP price prediction
Buyers have pushed XRP (XRP) above the moving averages, opening the door to a rally toward the downtrend line.

XRP/USDT daily chart. Source: Cointelegraph/TradingView
The flattish moving averages and the RSI just above the midpoint do not give either bulls or bears a clear advantage. Buyers will gain the upper hand on a close above the $1.61 level. The XRP/USDT pair may then rally to $2, then to $2.40.
Contrary to this assumption, if the XRP price turns down from the $1.61 level, it would suggest that bears are active at higher levels. That may extend the pair’s stay inside the $1.27 to $1.61 range for a while.
BNB price prediction
BNB (BNB) has been trading near its moving averages over the past few days, indicating indecision between bulls and bears.

BNB/USDT daily chart. Source: Cointelegraph/TradingView
The flattish moving averages and the RSI just above the midpoint suggest that the BNB/USDT pair may remain inside the $570 to $687 range for a few more days.
The next trending move is expected to begin on a close above $687 or below $570. If bulls push the BNB price above the $687 resistance, the pair is expected to gain momentum and surge to $790. Alternatively, a close below $570 signals the resumption of the downtrend toward $500.
Solana price prediction
Solana (SOL) is attempting to rise above the moving averages, indicating demand at lower levels.

SOL/USDT daily chart. Source: Cointelegraph/TradingView
A close above the moving averages may push the SOL price to the $90.73 resistance. Sellers will attempt to defend the $90.73 level, but if the bulls prevail, the SOL/USDT pair may surge to $98.
On the downside, the bears will need to push the price below $82.65 to gain the upper hand. If they do that, the pair may descend to the solid support at $76. The next trending move is expected to begin on a close above $98 or below $76.
Related: BTC price can ‘easily’ hit $95K: Five things to know in Bitcoin this week
Dogecoin price prediction
Dogecoin (DOGE) has broken above the $0.11 resistance level, clearing the path for a rally toward $0.12.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day EMA ($0.10) has started to turn up, and the RSI is in the overbought zone, indicating that the buyers have the edge. Sellers are expected to mount a strong defense at the $0.12 level, but if buyers bulldoze through, the rally may reach $0.14 and eventually $0.16.
Instead, if the DOGE price turns down sharply from $0.12 and breaks below the moving averages, it suggests that the bears remain sellers on rallies. That may keep the DOGE/USDT pair within the $0.09-$0.12 range for a few more days.
Hyperliquid price prediction
Hyperliquid (HYPE) is maintaining above the 20-day EMA ($41.04), but the long wick on the candlestick shows selling at higher levels.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView
The uptrend is expected to face selling pressure in the $43.76 to $45.77 resistance zone. If the HYPE price turns down from the current level or the overhead zone and breaks below the 50-day SMA ($40.11), the advantage will tilt toward the bears. The HYPE/USDT pair may then tumble to $38.70.
Contrarily, a break and close above the overhead zone signals the resumption of the uptrend. The pair may surge to $50 and then to $51.43.
Cardano price prediction
Cardano (ADA) has risen above the downtrend line, but the bulls are facing stiff resistance at the 50-day SMA ($0.25).

ADA/USDT daily chart. Source: Cointelegraph/TradingView
The RSI has risen just above the midpoint, signaling a slight advantage to the bulls. If buyers push the price above the 50-day SMA, the ADA/USDT pair may rally to $0.29, then to $0.31. Sellers are again expected to pose a strong challenge at the $0.31 level, as a close above it suggests that the pair may have bottomed out in the short term.
The $0.22 level is the critical support to watch out for on the downside. If the ADA price turns down and breaks below the $0.22 support level, it signals a resumption of the downtrend.
Crypto World
XRP Price Prediction: OpenAI CFO Joins XRP Firm Ahead of Nasdaq Listing
XRP price is now trading at the $1.40 level, and the prediction around it turns bullish. A headline board appointment has injected fresh institutional credibility into the Ripple ecosystem.
Evernorth Holdings, the Ripple-backed XRP treasury company, filed its second SEC S-4 amendment this week, naming OpenAI Foundation CFO Robert Kaiden and Antalpha COO Derar Islim as independent directors ahead of its planned Nasdaq listing under ticker XRPN.
The filing also confirms Ripple CLO Stuart Alderoty on the board, alongside a 126.79 million XRP anchor commitment from Ripple Labs itself. Evernorth holds over 473 million XRP valued at approximately $656 million, and is targeting a Q2 2026 Nasdaq debut via SPAC merger with Armada Acquisition Corp II.
The board build-out signals governance is being hardened for public markets. But is it the time to buy?
Discover: The best crypto to diversify your portfolio with
XRP Price Prediction: $3 Too Much to Ask?
At the $1.40 level, XRP is consolidating in the lower half of its post-2024 impulse range. Recent Ripple-related developments have repeatedly tested XRP’s ability to hold ground above the $1.20–$1.30 support band, and that floor remains the critical level to monitor.

Elliott Wave identifies the current structure as a potential ABC correction bottom, with a confirmed breakout targeting the $2.50–$3.30 range depending on market sentiment.
Bitcoin’s behavior is the swing variable here. Macro analyst DonAlt, who called XRP’s prior 700% rally, ties XRP’s next leg to Bitcoin holding above $73,500 support, with resistance capped near $80,000. A clean Bitcoin reclaim of that upper band would likely provide the liquidity and risk-on sentiment XRP needs to attempt a genuine breakout.
Longer-term, analysts project XRP reaching $10 by year-end, a target that would require a market cap surpassing $607 billion, ahead of Ethereum’s current valuation. That scenario demands institutional inflows at a scale XRP hasn’t yet demonstrated.
Goldman Sachs’ $153.8 million XRP ETF position and the NYSE Arca commodity trust filing move the needle, but $10 remains the optimistic outlier, not the consensus. Ripple’s own IPO valuation near $40 billion adds a separate but reinforcing narrative thread that keeps institutional attention on the XRP ecosystem through mid-2026.
Discover: The best pre-launch token sales
Maxi Doge Eyes Early-Stage Upside as XRP Consolidates Below Breakout
XRP’s setup is constructive, but the asymmetry that early XRP holders captured simply doesn’t exist at this entry point. Traders chasing a 2x from here are playing a different game than those who loaded sub-$0.50.
That gap in risk-reward is exactly where early-stage presales attract attention from market participants seeking aggressive upside without waiting for an established asset to rediscover momentum.
Maxi Doge ($MAXI) is one presale capturing that rotation. Built on Ethereum, the project leans into a deliberately unsubtle identity. It is a 240-lb canine juggernaut representing a 1000x leverage trading culture.
Less absurd than it sounds when the numbers are considered. The presale has raised $4.7 million at a current price of $0.0002816, with 60% APY staking bonus available to early holders only.
Features include holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury allocated toward liquidity and partnerships.
Check out the Maxi Doge Presale Here and Join The Best Dog This Year
The post XRP Price Prediction: OpenAI CFO Joins XRP Firm Ahead of Nasdaq Listing appeared first on Cryptonews.
Crypto World
Ripple Expands Security Efforts Against North Korean Hacks
TLDR
- Ripple announced that it will share exclusive threat intelligence with Crypto ISAC members.
- The shared data includes fraud-linked crypto wallets and malicious domains tied to North Korean campaigns.
- Ripple will also provide context-rich profiles containing emails, LinkedIn accounts, and behavior patterns.
- Crypto ISAC launched a new API that enables companies to integrate threat data into their security systems.
- Coinbase has already adopted the updated API to strengthen its security operations.
Ripple has announced a new threat intelligence sharing initiative focused on North Korean-linked cyber campaigns. The company will provide exclusive data to Crypto ISAC members through a newly launched API. The move aims to strengthen coordinated defense across the digital asset sector.
Ripple Expands Intelligence Sharing Through Crypto ISAC
Ripple stated that crypto firms often face repeated attempts from the same threat actors. The company said attackers who fail background checks at one firm often target others within days. Therefore, Ripple decided to share intelligence to reduce fragmented defenses.
Ripple will provide exclusive threat intelligence to members of Crypto ISAC. Crypto ISAC operates as a collaborative security network for digital asset companies. The company said this level of intelligence sharing has not occurred before within the sector.
The shared data will include fraud-linked crypto wallet addresses and malicious domains. It will also include active Indicators of Compromise tied to North Korean campaigns. Both entities confirmed that the intelligence will extend beyond raw technical data.
Ripple will also share context-rich profiles linked to suspicious actors. These profiles will contain LinkedIn accounts, emails, phone numbers, and behavioral patterns. The company said it aims to convert fragmented clues into operational intelligence.
“The strongest security posture in crypto is a shared one,” Ripple stated in its announcement. The company argued that firms currently rebuild intelligence from zero without shared databases. As a result, it believes coordinated sharing will reduce repeated infiltration attempts.
New API Enables Real-Time Security Integration
Crypto ISAC has launched a new API to distribute the shared intelligence. The API allows companies to integrate threat data directly into internal security systems. This setup enables faster detection and response coordination across platforms.
Coinbase has already adopted the updated API for operational use. Crypto ISAC confirmed that other industry participants have begun onboarding the system. The organization said the tool supports real-time intelligence deployment.
Erin Plante, Director of Brand Security and Intelligence at Ripple, addressed the rollout. She said the API improves how companies share and operationalize intelligence. Plante confirmed that Ripple worked closely with Crypto ISAC during implementation.
“Crypto ISAC’s newly updated API represents a meaningful step forward in how intelligence is shared,” Plante said. She added that Ripple aligned the integration with its internal workflows. She said the result delivers higher-quality intelligence for direct security operations use.
The initiative targets campaigns attributed to North Korean-linked actors. Recent incidents, including the Drift Protocol exploit, have drawn attention to coordinated attacks. Ripple confirmed that it will continue supplying updated intelligence through the Crypto ISAC network.
Crypto ISAC stated that member companies can access and automate the shared data feeds. The organization said the API structure allows continuous updates without manual intervention. The rollout remains active as participating firms complete system integration.
Crypto World
Bitcoin’s 200-Week Moving Average is Signalling Bull Market Cues, Says Adam Back
Bitcoin’s 200-week moving average has climbed above $60,000. Blockstream CEO Adam Back flagged the level as confirmation that BTC remains in a structural bull market.
The threshold ranks among the most-watched long-term technical signals in crypto. The line averages nearly 4 years of weekly closes and has served as a price floor at prior cycle bottoms.
Why the 200-Week Moving Average Carries Weight
Few metrics command as much attention from long-term holders as the 200-day moving average. The line filters short-term volatility to expose the broader uptrend, which has shifted steadily higher across every prior cycle.
Each cross above a new round-number threshold tends to draw fresh commentary from cycle-watchers tracking macro shifts in supply absorption.
Bitcoin has held above the indicator during each of its three bear markets since 2015. Brief dips during late-cycle washouts gave way to renewed upward momentum each time.
The 2022 bear market briefly broke that pattern. BTC closed weekly under the line for the first time before reclaiming it. Crossing $60,000 marks a sharp climb from the indicator’s near-$40,000 reading in late 2024.
Recovery From April Lows Adds Momentum
BTC traded near $80,000 on Monday, up roughly 2.3% over 24 hours according to CoinGecko data. The asset has clawed back a meaningful portion of losses sustained during April.
Broader risk-asset weakness had pulled the price well below current levels. Trading volume has held steady through the recovery, suggesting that buy-side interest extends beyond a short-term technical bounce.
Long-term holders and corporate treasuries continue to absorb supply at these prices. Blockstream chief Back argues that public companies holding Bitcoin balance sheets are positioning for a shift away from fiat.
Adam Back has also pushed back on the alarm about miners rotating to AI workloads. He frames the shift as an arbitrage that resolves through hashrate dynamics rather than a structural threat to network security.
Whether the $60,000 threshold proves durable depends on demand sustaining through the next quarter. Sustained strength would extend a run already tied to deeper on-chain signals and a broader bullish phase across Bitcoin markets.
The coming weeks will test whether spot inflows and corporate buying continue to outpace selling from short-term traders.
The post Bitcoin’s 200-Week Moving Average is Signalling Bull Market Cues, Says Adam Back appeared first on BeInCrypto.
Crypto World
Kalshi traders see April jobs report coming in better than economists’ estimates
A job seeker holds a Now Hiring Correctional Officers paperwork from the Florida Department of Corrections during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026, in Sunrise, Florida.
Joe Raedle | Getty Images
Traders on prediction markets platform Kalshi are penciling in a better-than consensus estimate for the April labor market report set to release on Friday.
Kalshi traders think there’s about a 50% chance nonfarm payrolls will come in at 66,000 jobs or more created in the month. That’s higher than predictions by economists polled by Dow Jones for 53,000 new jobs.
While in the last year nonfarm payroll growth has swung back and forth between job creation and job losses, traders see an 81% chance this report is a positive number. That would be the first back-to-back month of job growth since May 2025.
But traders are also skeptical of a big six-digit report, as they give it just a 30% chance that the report comes in hot at 100,000 or more.
Nonfarm payroll growth has slowed enormously since 2025. In the last 10 months, five have experienced negative job growth. And in 2026, job growth has been volatile, with more than 150,000 jobs gained in both January and March but 133,000 lost in February.
On Polymarket, traders have a slightly more pessimistic outlook. Traders on that platform think the most likely scenario is a report between zero to 50,000 jobs created, with odds at 26%.
Disclosure: CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.
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Crypto World
Kraken parent sues ex-custodian Etana over alleged $25M “Ponzi scheme”
Summary
- Kraken’s parent company, Payward, has filed a second amended complaint in Colorado federal court accusing former custody partner Etana Custody and its CEO of misappropriating more than $25 million in client funds.
- The suit alleges Etana ran a “Ponzi scheme” by commingling custodial assets with its own, funding expenses and risky bets, and papering over a growing hole with falsified account statements.
- Colorado regulators have already hit Etana with a cease-and-desist order; the firm entered liquidation in November 2025 and is now controlled by a court‑appointed receiver.
In a second amended complaint submitted to the U.S. District Court for the District of Colorado, Payward Interactive and Payward Trading — doing business as Kraken — accuse Etana Custody Limited, Etana Custody Inc., CEO Dion Brandon Russell, and others of misappropriating over $25 million in Kraken customer funds.
Payward details alleged funding gap and “Ponzi-like” structure
Payward alleges that Etana “operated a Ponzi scheme,” mixing assets it was supposed to hold in custody for Kraken with its own money to pay operating expenses and make “high-risk investments,” then issuing “false account reports” that showed full balances even as a funding gap widened.
According to the complaint, problems came to a head in April 2025 when Kraken attempted to withdraw roughly $25 million in reserve funds.
Etana allegedly stalled the payout by citing “reconciliation issues” that Payward calls fictitious, all while relying on “new deposits from other clients” to plug the hole — behavior Kraken says is classic Ponzi‑like recycling of incoming funds to meet existing obligations.
The filing claims at least $16 million of the shortfall was tied to a promissory note issued by Seabury Trade Capital, which later defaulted, leaving Etana unable to meet withdrawal requests without fresh inflows.
Regulatory collapse and Kraken’s damages claim
Etana’s troubles did not stop at private litigation.
Colorado regulators subsequently issued a cease-and-desist order against Etana Custody Inc., and on November 7, 2025, a Denver County court appointed a liquidator/receiver to take control of the company’s assets under a statutory liquidation order.
Case updates on the receivership site confirm that Etana’s operations are effectively frozen, with claims from customers and counterparties handled through a court-supervised process rather than the firm’s management.
Payward is seeking at least $25 million in compensatory damages — corresponding to the amount it says Etana failed to return — plus treble damages under Colorado’s civil theft statute, which could push the total sought to more than $75 million before fees and interest.
The suit also alleges breach of contract, breach of fiduciary duty, fraud, and negligent misrepresentation, arguing that Etana marketed itself as a “segregated, bankruptcy‑remote” custodian while secretly deploying Kraken’s reserves into illiquid, high-risk credit bets.
In a recent crypto.news report, the case was highlighted as a test of how courts will treat custodians that commingle client funds in the crypto era, especially when those custodians are already under state liquidation orders.
Another crypto.news analysis focused on the Etana receivership process itself, noting that Kraken and other institutional customers now have to queue alongside retail clients and other creditors to recover what they can from the collapsed custodian.
A separate crypto.news overview emphasized that Payward’s amended complaint escalates the dispute beyond contract claims into allegations of a full‑blown “Ponzi scheme,” potentially increasing regulatory and law‑enforcement scrutiny of similar custody arrangements.
Crypto World
K Wave Media Reallocates Bitcoin Treasury Funds to AI
TLDR
- K Wave Media redirected up to $485 million from its Bitcoin treasury plan into AI infrastructure projects.
- The company amended its $500 million equity purchase facility with Anson Funds to support the new strategy.
- The board approved a strategic shift toward data centers and GPU compute investments.
- The restructuring plan includes the disposal of Play Co., Ltd. and aims to remove about $48 million in debt.
- K Wave Media is considering a corporate rebrand to Talivar Technologies, pending shareholder approval in July 2026.
K Wave Media has redirected up to $485 million from a prior Bitcoin treasury plan into artificial intelligence infrastructure projects. The company disclosed the shift in a Form 6-K filed Monday with the US Securities and Exchange Commission. The board approved the move as part of a broader restructuring and capital reallocation plan.
K Wave Media shifts funds from Bitcoin treasury to AI infrastructure
K Wave Media amended its securities purchase agreement with Anson Funds to redirect remaining financing capacity. The amendment covers $485 million under a prior $500 million equity purchase facility. The company had structured that facility to support a Bitcoin treasury strategy announced in June 2025.
However, the company will now deploy the funds into data centers and GPU compute operations. It will also pursue related infrastructure investments across the AI value chain. The filing states that the board approved a strategic repositioning toward artificial intelligence infrastructure.
The company said it aims to build scalable compute capabilities and expand its technology footprint. Chief executive officer Ted Kim addressed the shift in a statement included in the filing. He said the company seeks to become “a meaningful participant in the rapidly growing AI infrastructure sector.”
The amendment leaves $485 million available after prior allocations under the facility. The company confirmed that it will no longer direct those funds toward its Bitcoin treasury plan. Instead, it will prioritize infrastructure investments tied to graphics processing and data operations.
The Bitcoin treasury strategy formed part of a broader capital markets repositioning in 2025. At that time, the company also explored Korean cultural intellectual property initiatives. It also referenced tokenized securities concepts in earlier announcements.
Board backs restructuring and potential corporate rebrand
K Wave Media paired the capital shift with a broader restructuring plan. The company plans to dispose of its wholly owned subsidiary, Play Co., Ltd. It expects this action to remove about $48 million in debt and contingent liabilities.
The company stated that the restructuring aims to de-leverage its balance sheet. It linked the disposal and debt reduction to its updated strategic direction. The filing outlines these steps as part of a coordinated financial reset.
The board has also approved a review of the company’s corporate identity. Management is evaluating a potential rebrand to “Talivar Technologies.” Shareholders will consider the proposed name change at the annual meeting scheduled for early July 2026.
Following the announcement, K Wave Media’s share price showed volatility. The stock fell 28.25% from about $0.406 to roughly $0.294 since Friday’s close. The company disclosed these figures as of the time of writing.
K Wave Media filed the 6-K with the SEC to formalize the amended agreement and restructuring steps. The document details the revised financing structure with Anson Funds. It also confirms the company’s updated capital allocation toward AI infrastructure initiatives.
Crypto World
Bitcoin Tops $80,000 As ETF Bid Returns

The crypto rally extended into Monday, with traders pricing in the CLARITY Act compromise and Trump’s “Project Freedom” Hormuz operation.
Crypto World
Hut 8 cuts bitcoin credit costs with FalconX refinancing, freeing 3,300 BTC from collateral
Hut 8 (HUT), a bitcoin miner turned energy and AI compute company, has refinanced its bitcoin-backed credit facility, replacing its existing Coinbase Credit arrangement with a new $200 million facility with FalconX.
With the new deal, Hut 8 cut its fixed interest rate to 7% from 9%, a 200-basis-point improvement, according to a press release. The move is part of the firm’s focus on lowering its cost of debt on bitcoin-backed credit and broader cost of capital, the company said. The deal also frees up approximately 3,300 bitcoin that were previously pledged as collateral, worth roughly $260 million as of May 1, giving Hut 8 greater flexibility to deploy that capital.
“This refinancing strengthens our balance sheet by decreasing our cost of debt while simultaneously increasing Bitcoin held outside collateral covenants, resulting in additional liquidity to deploy into the growth of our business,” said Sean Glennan, CFO of Hut 8.
“It advances our broader objective of optimizing the role of bitcoin on our balance sheet and lowering our cost of capital,” he added.
The trend of refinancing for better terms continues among mining firms, as they seek to improve their credit terms and free up more capital for their pivot to AI and move away from volatile bitcoin revenues in favor of long-term leases.
Last week, Hut 8 priced $3.25 billion of senior secured notes to fund construction of a 245-megawatt data center at its River Bend campus in St. Francisville, Louisiana, according to an April 28 SEC filing. The project, first announced in December, has a 15-year, $7 billion lease with AI infrastructure firm Fluidstack, backed by Google, with a total potential value of up to $17.7 billion if all renewal options are exercised.
Another miner, Riot, also recently secured improved terms on its $200 million bitcoin-backed credit facility with Coinbase, lowering the rate to a fixed 6.15% from 8.3% and releasing 1,544 of pledged collateral bitcoin, signaling growing lender confidence in its expanding data center business.
Hut 8 shares rose about 1.5% on Monday as bitcoin rallied above $80,000.
Read More: Riot extends $200 million Coinbase credit facility, and bitcoin weakness could mean more sales
Crypto World
US Bond Markets Sell Off As Iranian Drones Hit UAE Fujairah Hub
Brent crude jumped more than 5% on Monday to above $120 a barrel, but US bonds rose sharply as Iranian drones struck the Fujairah Oil Industry Zone, the UAE’s main oil export outlet outside the Strait of Hormuz.
The UAE Ministry of Defence intercepted three of four Iranian cruise missiles, while a fourth fell into the sea. Two passenger flights to Dubai were diverted as alerts spread across the Emirates.
US Bond Market Sends Warning
The 10-year U.S. Treasury yield climbed to 4.46%, a nine-month high as traders price in inflation pressure from rising energy costs.
In bond market language, a sell off means investors are selling bonds, which pushes prices down and yields up. So a bond sell off signals rising yields. They’re the same event described from two angles:
- Price view: bonds sold off (prices fell)
- Yield view: yields surged
Fed funds futures now imply no Federal Reserve rate cuts until December 2027. Traders see a 38% probability of a rate hike by March 2027.
Bonds typically rally on geopolitical risk. Monday’s move suggests markets view sustained inflation as the bigger threat.
“It appears that $5/gallon gas prices and 7%+ mortgages are on the way. The bond market needs help,” wrote analysts at The Kobeissi Letter.
Strike Hits Hormuz Bypass Hub
The UAE ministry of defense indicated detecting four munitions coming from Iran. Reportedly, three missiles were successfully intercepted over the country’s territorial waters, and the last one fell into the sea.
“The Ministry of Defence confirmed that the sounds heard in scattered areas of the country are the result of the successful interception of the aerial threats,” they wrote in a post.
Three Indian workers were moderately injured at Fujairah. A tanker was struck north of the port over the weekend.
Loading operations at the Hormuz bypass hub have been partly suspended after three drone strikes in four days. The attacks broke a fragile US-Iran ceasefire that took effect on April 8.
“Tonight, perhaps, a new chapter of power will unfold, one the adversaries have never witnessed before,” Iranian Brigadier General Ibrahim al-Fiqari warned of further escalation in a post on X.
The Fujairah hub is the UAE’s only major oil export outlet outside the Strait of Hormuz. A pipeline built specifically to bypass the chokepoint feeds it.
The post US Bond Markets Sell Off As Iranian Drones Hit UAE Fujairah Hub appeared first on BeInCrypto.
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