Latest from Sam Reynolds
Hyperliquid takes a swing at Polymarket with macro outcome bets
The decentralized exchange’s new HIP-4 product lets traders bet on offchain events like inflation and interest-rate decisions, using validators rather than UMA-style external dispute resolution.

Bitcoin stalls near $76,500 as muted trading points to macro wait-and-see
Enflux says “the bid is there” but no one is adding size, while Glassnode data shows easing selling pressure alongside weaker market activity.

XRP ETFs attract inflows amid wallet surge. bitcoin, ether funds struggle.
Fresh inflows into XRP-linked funds and a spike in newly created wallets suggest some traders may be rotating into the token while trimming exposure to crypto’s largest assets.

Bitcoin trades near $77,700 as analysts eye $75,000 support after liquidation wave
Open interest held steady and funding stayed subdued during the recent liquidation wave, suggesting traders were de-risking rather than capitulating, according to HashKey Research's Tim Sun.

Binance launches SpaceX pre-IPO perps amid $2 trillion valuation bets
Binance looks to democratize pre-IPO markets, starting with SpaceX perpetual futures.

Don't call us just a WLFI treasury company, says AI Financial
The company says it is building a broader fintech, tokenization and digital infrastructure business, but its latest SEC filing shows WLFI still dominates the balance sheet.

Here's why bitcoin turned lower from the 200-day average
BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.

Telegram group at center of Jane Street insider-trading allegations in Terra collapse
Newly unsealed filings detail a private chat dubbed ‘Bryce’s Secret’ that Terraform’s estate says gave Jane Street an informational edge before UST’s collapse.

Non-dollar stablecoins are struggling to crack 0.5% of market share
Everyone is building non-dollar stablecoins. But data shows that compared to USD-denominated stablecoins, almost no one is using them.

Bitcoin is falling, bond yields are rising. Yet BTC’s implied volatility, an uncertainty gauge, remains low.
BTC's implied volatility remains low despite the recent price selloff. Options specialist prefers a long straddle strategy in this scenario.

