Altcoin sentiment remains sour, but Midnight (NIGHT), Hyperliquid (HYPE), and Monero (XMR) are flashing accumulation signals and catalyst-driven strength. This offers a rare ‘risk-on’ pocket inside a weak market heading into early February 2026. Our analysis flagged three tokens as candidates for fresh highs, with roadmap progress and improving money flow signals as key drivers. While the broader market shows extreme fear, capital is rotating toward projects with clear development milestones or durable na ...

Core Viewpoint - Hyperliquid Strategies Inc has completed a business combination with Sonnet BioTherapeutics Holdings, allowing it to operate as a digital asset treasury reserve company and begin trading on Nasdaq under the ticker "PURR" on December 3, 2025 [1][2]. Company Overview - Hyperliquid Strategies Inc (HSI) will focus on maximizing shareholder value by accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain designed for all finance [6]. - HSI aims to provide capital-efficient access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns [6]. - The company is positioned to become the largest HYPE-focused digital asset treasury vehicle, capitalizing on Hyperliquid's rapid growth [6]. Business Combination Details - The business combination involved a five-for-one exchange ratio for shares received by Sonnet shareholders and Rorschach members [3]. - David Schamis will serve as the CEO of HSI, with a board of directors that includes notable figures such as Bob Diamond and Eric Rosengren [3]. Market Position and Strategy - HSI's digital asset treasury strategy allows U.S. equity investors to gain exposure to the HYPE token through a highly liquid listing [4]. - The Hyperliquid blockchain is recognized as a leading platform for perpetual futures and spot trading, processing billions in daily trading volume [5]. - The company aims to attract substantial trading volumes from a growing community of traders and developers [5]. Legal and Advisory Support - Chardan acted as the sole placement agent and exclusive financial advisor to Rorschach for the transaction [5]. - Legal counsel for HSI was provided by Greenberg Traurig, LLP, while Lowenstein Sandler LLP served as legal counsel to Sonnet [5].

⚡️ ARTHUR HAYES: "By end-2026, pricing for the biggest US stocks will shift onchain."He says, "Markets will watch perp charts instead of Nasdaq, driven by 24/7, global, intermediary-free trading." https://t.co/H6vusuej3a ...

Core Insights - Uniswap (CRYPTO: UNI) has emerged as the best-performing token among the top 30 cryptocurrencies, with a notable increase of 21.2% over the past week [2][3] - The surge in Uniswap's value is attributed to significant platform developments that enhance its appeal to investors [3][5] Key Developments - Uniswap has introduced "continuous clearing auctions," a permissionless token-auction protocol aimed at improving the formation of early token markets on-chain and capturing value in the DeFi space [7][8] - Investors have expressed positive sentiment towards these changes, anticipating improvements in Uniswap's transparency and stability, which are critical factors for long-term investment [8] - A new proposal, "UNIficiation," suggests that Uniswap will utilize funds raised through protocol fees to buy back UNIW tokens, enhancing the tokenomics and attractiveness for long-term investors [9]

Core Insights - The ongoing U.S. government shutdown has entered its fifth week, causing significant economic impacts, with estimated losses ranging from $7 billion to $14 billion [1] - The shutdown has led to the suspension of key economic data releases, creating uncertainty in the macroeconomic environment and affecting risk assets, particularly the cryptocurrency market [1][3] - XBIT, a decentralized trading platform, has maintained stable operations during market volatility, highlighting the importance of reliable trading platforms in turbulent times [1][3][4] Economic Impact - The shutdown has resulted in 800,000 federal employees being furloughed, which has weakened consumer spending [1] - The Congressional Budget Office warns that if the shutdown continues into mid-November, it could significantly drag down U.S. GDP growth in Q4 [9] Cryptocurrency Market Reaction - The uncertainty from the shutdown has led to increased volatility in the cryptocurrency market, with Bitcoin experiencing a 1.97% drop on October 31 [3] - Over $1 billion in cryptocurrency contracts were liquidated within 24 hours, with Bitcoin accounting for over 60% of this figure, affecting more than 240,000 investors [3][7] XBIT Platform Performance - XBIT's decentralized exchange has demonstrated resilience during extreme market conditions, processing up to 1.8 million transactions in a single day while keeping Bitcoin trading slippage below 0.3%, significantly lower than the industry average of 1.2% [4][5] - The platform's risk warning system actively monitors market fluctuations and alerts users when Bitcoin's price drops over 10%, helping to mitigate the risk of liquidation [5] Market Trends and Investor Behavior - The recent events have highlighted the high sensitivity of the cryptocurrency market to macroeconomic conditions and the risks associated with high-leverage trading [7] - Data indicates that over 75% of liquidated users did not utilize the risk management tools provided by their platforms, suggesting a need for better investor education on risk management [7]

🗣️ The top trending stories cycling across crypto social media are:📊 BSC Token Volume Surge: Multiple wallets are actively buying low-priced tokens on BSC, signaling a surge in speculative interest. Notable volume spikes in tokens like #家里蹲, #屁, and #LAB suggest traders are hunting for undervalued assets. This trend reflects a high-risk appetite among crypto degens aiming for quick gains amid volatile market conditions.🐶Dogecoin Market Surge: Bitcoin and Ethereum have rebounded above key levels despite a re ...

Core Insights - BNB token experienced a rally of over 4%, surpassing $1,200 and reaching an intraday high of $1,223, driven by increased trading volume, institutional interest, and heightened network activity [1][6] - BNB Chain reclaimed its position as the most-used blockchain by active addresses, logging 52.5 million active addresses in September, surpassing Solana for the first time since August [2] - The surge in activity was attributed to a significant rise in decentralized trading and lending on the Aster Protocol, with total value locked increasing by 570% to $2.34 billion [2] - Retail momentum was also noted, with a trader turning a $3,000 investment into nearly $2 million following a post by Binance founder Changpeng Zhao [3] - Institutional engagement is evident as companies like Jiuzi Holdings and Kazakhstan's Alem Crypto Fund added BNB to their treasuries [3] - BNB's performance is supported by expectations of a 25 basis point interest rate cut by the Federal Reserve and a recent upgrade reducing the minimum gas fee to 0.05 Gwei [4] Technical Analysis - BNB traded between a low of $1,148.12 and a high of $1,223.08, closing at $1,201.13, marking a 2.27% gain over the 24-hour period [5][6] - A notable spike in trading volume occurred as BNB pushed through $1,200, with one burst of activity reaching nearly five times the daily average [6] - Support levels were identified in the $1,148 to $1,158 range, indicating consistent buying pressure and potential institutional orders [7] - Despite a sharp reversal late in the session, BNB maintained most of its gains, holding above the $1,200 mark, suggesting profit-taking rather than panic selling [8]

Product Development & Strategy - dYdX Labs to launch Telegram-based perpetual swaps trading in September 2025 [1] - dYdX is preparing major upgrades including USDT, Solana, and fiat funding options [1] - dYdX to enable DYDX–USDC swaps via Osmosis [1] - Roadmap includes real-world assets such as U S stocks and pre-IPO opportunities, staking incentives, and spot trading powered by Pocket Protector [3] Performance & Improvements - API speed has improved 98% since April [2] - Trading activity has risen over 50% [2] - Deposits above $100 are now free across Ethereum, Arbitrum, Optimism, Polygon, Avalanche, and Base [2] Market Positioning & Goals - dYdX aims to challenge centralized exchanges and capture wider adoption of DeFi by embedding trading in Telegram and removing barriers to entry [3] - dYdX stresses the need to grow market share and long-term community value [2] Platform Features - Social login with Google, Apple, and Passkey [3] - Batch orders for greater efficiency [3] - Partner fee sharing, with platforms earning up to 50% of fees [3] - Staking-linked discounts to boost DYDX token utility [3]