Rumor mill is saying the blow up from last week came from an Asian trading firm who was overlevered on precious metals and who had to dump a ton of $BTC via IBIT ETFs after being margin called.
The October 10th crash really broke the entire altcoin complex and has more ramifications than we really know still.
We'll find out pretty soon which firm it was.

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Hyperliquid, firmly holding the top spot in the crypto derivatives market, is attempting to extend its reach into another booming trillion-dollar market: prediction markets.

Article Author & Source: Bitpush
Today, Hyperliquid officially announced the testing of a new feature called "Outcomes." This news immediately ignited excitement in the secondary market, with its native token HYPE recording a gain of over 10% within 24 hours, pushing its price above the $30 mark.

[image.png] In Polymarket...

Is Hyperliquid entering the prediction market arena, aiming for the heart of the polymarket?

The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...

Breaking News! The Year of China's RWA: A Compliant Channel Opens for Trillions of Yuan in Domestic Assets to Go Global

Bitcoin has recovered from a low near $60,000 to now stand around $69,000, having effectively given back the gains it made after Donald Trump’s election in November 2024 this week.
The cryptocurrency’...