The Hyperliquid Fairy-Tale Was One-Off Hyperliquid’s 70 % market share was a perfect storm: CEX panic, a purpose-built chain, and a VC-free airdrop that minted millionaires overnight. Replicating that confluence is impossible; the window closed the moment the narrative went mainstream. Late-comers are now fighting for scraps, not stealing share from Binance. Aster’s 40× Candle Was Exchange Theatre CZ’s tweet lit the fuse, but the powder was Binance listing juice and market-maker fireworks. Op...

The Hyperliquid Fairy-Tale Was One-Off Hyperliquid’s 70 % market share was a perfect storm: CEX panic, a purpose-built chain, and a VC-free airdrop that minted millionaires overnight. Replicating that confluence is impossible; the window closed the moment the narrative went mainstream. Late-comers are now fighting for scraps, not stealing share from Binance. Aster’s 40× Candle Was Exchange Theatre CZ’s tweet lit the fuse, but the powder was Binance listing juice and market-maker fireworks. Op...

Event Overview October 11, 2025, marked the largest single-day liquidation event in the history of the cryptocurrency market. Bitcoin briefly plummeted below $11,000, USDE de-pegged, and altcoins saw cliff-like declines, with many projects effectively hitting zero within minutes. Over 24 hours, liquidation volumes reached $19.2 billion, affecting more than 1.64 million traders. --- Causes of the Crash * Macro Shock: Trump's announcement of new tariffs on Chinese goods triggered a global sell-...

Event Overview October 11, 2025, marked the largest single-day liquidation event in the history of the cryptocurrency market. Bitcoin briefly plummeted below $11,000, USDE de-pegged, and altcoins saw cliff-like declines, with many projects effectively hitting zero within minutes. Over 24 hours, liquidation volumes reached $19.2 billion, affecting more than 1.64 million traders. --- Causes of the Crash * Macro Shock: Trump's announcement of new tariffs on Chinese goods triggered a global sell-...

Recalling the "Dawn at the Storm’s End" Back on April 8, amid tariff fears and market gloom, I published an article titled Dawn at the Storm’s End. At that time, the S&P had plunged 20%, economists predicted a recession, and panic prevailed. I argued that this self-inflicted sell-off would ultimately present a buying opportunity driven by AI, predicting that six months later, people would realize the panic was overblown compared to AI’s progress. That’s exactly what happened. Markets recovere...

Recalling the "Dawn at the Storm’s End" Back on April 8, amid tariff fears and market gloom, I published an article titled Dawn at the Storm’s End. At that time, the S&P had plunged 20%, economists predicted a recession, and panic prevailed. I argued that this self-inflicted sell-off would ultimately present a buying opportunity driven by AI, predicting that six months later, people would realize the panic was overblown compared to AI’s progress. That’s exactly what happened. Markets recovere...

Hong Kong's blockchain policy has recently shown signs of fluctuation, with the crypto market's heat plummeting from its global peak in August, sparking industry concerns about regulatory stability. The Core Contradiction in Policy: While the Hong Kong government continues to express support for the development of stablecoins and tokenized assets, mainland regulators are tightening restrictions on mainland financial institutions' participation in Hong Kong's RWA business, sending complex sign...

Hong Kong's blockchain policy has recently shown signs of fluctuation, with the crypto market's heat plummeting from its global peak in August, sparking industry concerns about regulatory stability. The Core Contradiction in Policy: While the Hong Kong government continues to express support for the development of stablecoins and tokenized assets, mainland regulators are tightening restrictions on mainland financial institutions' participation in Hong Kong's RWA business, sending complex sign...

The New Normal: 95 % in Ten Wallets, 100 % of the Risk on You A fresh crop of copy-paste disasters—MYX, AIA, COAI—has swept through crypto this autumn. In every case the recipe is identical:Wrap a tired protocol in the day’s hottest buzz-word (AI agents, L2 derivatives, modular whatever).Airdrop / pre-mine 95 %-plus of supply into ten addresses you control.List on Binance Alpha, the casino floor where float is tiny and leverage is infinite.Paint a three-day chart that looks like a heart-attac...

The New Normal: 95 % in Ten Wallets, 100 % of the Risk on You A fresh crop of copy-paste disasters—MYX, AIA, COAI—has swept through crypto this autumn. In every case the recipe is identical:Wrap a tired protocol in the day’s hottest buzz-word (AI agents, L2 derivatives, modular whatever).Airdrop / pre-mine 95 %-plus of supply into ten addresses you control.List on Binance Alpha, the casino floor where float is tiny and leverage is infinite.Paint a three-day chart that looks like a heart-attac...

On the afternoon of the 10th, President Trump announced 100% tariffs on Chinese goods via Truth Social. This news instantly ignited panic across global financial markets. In the subsequent 24 hours, the cryptocurrency market experienced its largest liquidation event in history, with over $19 billion in leveraged positions forcibly closed. Bitcoin plummeted from $117,000, briefly falling below $102,000, recording a single-day drop of over 12%. The US stock market also suffered. At the close on...

On the afternoon of the 10th, President Trump announced 100% tariffs on Chinese goods via Truth Social. This news instantly ignited panic across global financial markets. In the subsequent 24 hours, the cryptocurrency market experienced its largest liquidation event in history, with over $19 billion in leveraged positions forcibly closed. Bitcoin plummeted from $117,000, briefly falling below $102,000, recording a single-day drop of over 12%. The US stock market also suffered. At the close on...

1. Worldcoin (WLD) – The 5,348 % Side-ShowNasdaq-listed Eightco Holdings (OCTO) raised $250 m to corner WLD for its balance-sheet.OCTO shares exploded 5,348 %; WLD itself +123 % in 30 d, now $3.94 bn MC.Star power: tech-perma-bull Dan Ives (of “IVES” AI ETF) chairs the board.2. Bittensor (TAO) – The Brain ReserveThree listed micro-caps (xTAO, TAO Synergies, Oblong) added TAO to treasuries.Europe’s first physical TAO ETP files for SIX, Euronext, Xetra + Nasdaq Stockholm.MC: $3.25 bn (+5.9 % we...

1. Worldcoin (WLD) – The 5,348 % Side-ShowNasdaq-listed Eightco Holdings (OCTO) raised $250 m to corner WLD for its balance-sheet.OCTO shares exploded 5,348 %; WLD itself +123 % in 30 d, now $3.94 bn MC.Star power: tech-perma-bull Dan Ives (of “IVES” AI ETF) chairs the board.2. Bittensor (TAO) – The Brain ReserveThree listed micro-caps (xTAO, TAO Synergies, Oblong) added TAO to treasuries.Europe’s first physical TAO ETP files for SIX, Euronext, Xetra + Nasdaq Stockholm.MC: $3.25 bn (+5.9 % we...

The Night the Clock Stopped The market, a colossal machine that typically operates with precise, second-by-second efficiency, seemed to have its core gears jammed by an invisible hand on the night of October 11th. Time did not stop, but the anchors of pricing, the scales of value, and the beliefs sustaining millions of investors underwent a torturous ordeal—teetering on the brink of collapse before painfully reforming. When future historians look back, the media may label it an "epic plunge,"...

The Night the Clock Stopped The market, a colossal machine that typically operates with precise, second-by-second efficiency, seemed to have its core gears jammed by an invisible hand on the night of October 11th. Time did not stop, but the anchors of pricing, the scales of value, and the beliefs sustaining millions of investors underwent a torturous ordeal—teetering on the brink of collapse before painfully reforming. When future historians look back, the media may label it an "epic plunge,"...

Tether is deploying a dual-track strategy: launching USAT, a compliant stablecoin adhering to the US GENIUS Act, while continuing its globally circulating USDT. This creates separate operational models catering to the regulated US market and the global non-regulated market. Preface In August of this year, Bo Hines resigned from the White House Crypto Committee and swiftly became the CEO of Tether's newly established US division. His mission: launch USAT, a stablecoin compliant with the GENIUS...

Tether is deploying a dual-track strategy: launching USAT, a compliant stablecoin adhering to the US GENIUS Act, while continuing its globally circulating USDT. This creates separate operational models catering to the regulated US market and the global non-regulated market. Preface In August of this year, Bo Hines resigned from the White House Crypto Committee and swiftly became the CEO of Tether's newly established US division. His mission: launch USAT, a stablecoin compliant with the GENIUS...

The global stablecoin market experienced unprecedented explosive growth in 2024-2025. As of October, the total market capitalization of stablecoins has surpassed $300 billion, marking an annual growth rate of 82.9% from $166.3 billion at the end of 2024. This growth not only sets a new historical record but also signifies a fundamental shift for stablecoins from a peripheral speculative instrument to mainstream financial infrastructure. Historic breakthroughs in the regulatory environment pro...

The global stablecoin market experienced unprecedented explosive growth in 2024-2025. As of October, the total market capitalization of stablecoins has surpassed $300 billion, marking an annual growth rate of 82.9% from $166.3 billion at the end of 2024. This growth not only sets a new historical record but also signifies a fundamental shift for stablecoins from a peripheral speculative instrument to mainstream financial infrastructure. Historic breakthroughs in the regulatory environment pro...