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Hyperliquid hits October highs as Bitwise exec drops $600T ‘super app’ vision
The Ethereum Foundation is facing fresh questions about what happens behind closed doors.
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Crypto keeps trying to grow, and Wall Street is ready to fuel the fire.
Bitwise's exec sees a massive runway for Hyperliquid.
Meanwhile, Polymarket and Nasdaq work to unlock prediction markets for a $5 trillion private tech ecosystem.
But while the apps surge ahead, the foundations underneath are cracking. Three senior Ethereum leaders just walked out the door.
Here's what everyone's watching today.
Polymarket wants to let degens price your startup before Wall Street does
Polymarket is pulling Nasdaq data into prediction markets for private companies.
The move gives retail traders a way to bet on IPO outcomes and startup valuations before bankers set the price.
If it works, Wall Street loses its monopoly on who gets to value the next big thing.
Markets
HYPE surges while Bitcoin's leverage problem surfaces
Hyperliquid's HYPE token surged to $48, its highest since October.
Bitwise CIO Matt Hougan called it a "super app" targeting the $600T global asset market.
Meanwhile, spot trading volumes across crypto averaged just $80B weekly in 2026, less than half of 2025 levels.
Open interest climbed from $16B to $20B during the recent rebound, suggesting leverage filled the gap real buyers left behind.
BTC hovered near $77K, ETH traded around $2,100, SOL sat near $85, and XRP slipped below $1.4.
Ethereum Foundation loses 3 key leaders as internal restructuring sparks scrutiny
Co-executive director Tomasz Stańczak resigned after roughly 11 months on the job.
Protocol coordinators Tim Beiko and Barnabé Monnot also stepped back during a broader reorganization effort.
Losing institutional knowledge mid-restructuring makes an already difficult transition far harder.
On Our Radar
The crypto pivot: Traditional brokers are quietly winning over digital asset traders.*
Tokenizing the stock market: SEC is poised to loosen rules for third-party share tracking.
The treasury trap: A Nasdaq-listed firm falls into a survival crisis after its massive WLFI holdings plunge.
*sponsored
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