Kalshi's $40B Valuation Reveals What VCs Miss About EM
Kalshi raised $1 billion at a $40 billion valuation while VC mega-rounds ignore the prediction market infrastructure already live in Argentina, Nigeria, and Turkey.
Market Analysis
Trends & Analysis in the Crypto Market
Why Crypto Is The Future Of Money: The Economic Case
After 10+ years trading crypto and running mining operations, Richard Knight lays out the fundamental economic thesis: programmable money, permissionless settlement, and the escape valve from monetary policy failure.
Week in Crypto: Yield Volatility and Security Failures
DeFi yields swung 15 points in 72 hours. Binance lost $6.3B to North Korea. Polymarket paused after a supply-chain breach. Here's what mattered Oct 25-Nov 1.
Surviving Crypto Winter: A Practical Guide
Richard Knight shares the cash flow, employment, and portfolio strategies that allowed him to survive every crypto winter since 2014 without capitulating.
Bitcoin ETF Outflows Have No Income Implication
U.S. spot Bitcoin ETFs lost $636 million Thursday. That capital movement does not change how any existing Bitcoin income mechanism works or create new yield opportunities.
Bitcoin Difficulty Hits 140.58 Trillion: Miner Margins Collapse
Bitcoin mining difficulty rose 5.92% to 140.58 trillion on October 16, with hashprice falling to $36.75 per PH/day. Mid-tier miners face consolidation as margins compress.
Accumulation Zones: Finding Bear Market Bargains
Richard Knight shares the valuation frameworks and on-chain signals he uses to identify genuine accumulation phases before the next bull run after 10+ years of trading.
Week in Crypto: Yield Infrastructure, Security Failures
Ledger's supply-chain attack drained $102M while Blur marketplace collapsed and infrastructure for passive yield moved from speculation to settlement rails.
Binance Pool Shuts Down, Leaving Miners With Four Weeks
Binance Pool closes Nov. 10 after 65% hashrate drop, forcing miners to choose among three pools that already control 64% of Bitcoin's network.
Blur Marketplace Shutdown Shows Airdrop Limits
Blur NFT marketplace closes after trading volumes collapsed 99% from peak. The shutdown reveals how token incentives fail to build durable trading activity.
Profit-Taking In A Bull Market: When And How Much
Richard Knight shares the price-level framework he built through 10+ years of trading cycles, including what he sold too early, too late, and why emotion is the enemy of exits.
Week in Crypto: Wallets, Yield, and the End of Airdrop Season
Wallet security failures dominated as D'CENT lost $20M across five chains. Meanwhile, yield strategies shifted toward structure over hype, and airdrop farming hit detection limits.
How To Recognize A Cycle Bottom (What I Look For)
After 10+ years trading through every cycle, Richard Knight shares the capitulation framework he uses to calibrate conviction at market bottoms.
Week in Crypto: DeFi Yield, Rate Collapses, and Structure
Uniswap V3 yields collapsed 10.65 points in days. Aave USDe dropped 4.16pp. Compound jumped 2.76pp. The week revealed which rates are structural and which vanish overnight.
Reading Crypto Cycles: The Great Reset Playbook For 2026
Cycle-aware analysis of 2026 altcoin reset signals using on-chain data, historical parallels from 2018 and 2022, and a positioning framework for long-term holders.
Altcoin Exchange Deposits Jump 160% in Two Weeks
Altcoin exchange deposits hit 78,000 transactions by Sept 28, up 160% in two weeks. Depositing addresses tripled, signaling broad-based sell pressure not seen since Oct 2025.