😎 What if Friday`s Liquidations Kick Off Altseason:

“$500 stimmy airdrop? Every Week? For playing a game? I’m in.”

Join me at YEET.com! $500 weekly, exclusively for our readers:

1. Sign up using the Link

2. Stay active

3. That’s it. You’re in the mix.

They’ve already released some pretty cool crypto-themed games, and with football (not soccer) season back, their upcoming sportsbook couldn’t be dropping at a better time.

So if you fancy a punt, go have a play. Just remember, as always: gamble responsibly.

GM, I genuinely hope you`re okay, frens.

Where do I even start? Perhaps by looking at the actual liquidation numbers, we can gauge the scale of last Friday's event. To put this into perspective: these numbers are 9 times larger than the previous record. Absolute madness.

Just two weeks ago, the warning was on the wall: the legendary Jim Cramer told us to “buy crypto.” We simply cannot underestimate these signs in the future. Meanwhile, Capo is claiming gold medals for predicting a crash since $15k BTC, typical.

The only ones eating well are the Trump family (Barron Trump has reportedly made about $80 million from his Bitcoin and crypto investments) and this mysterious insider, who miraculously managed to place massive shorts one minute before Trump`s China announcement.

And perfectly in line with the rules of the Orange Man playbook, Trump comes out Sunday evening, pre-futures open, declaring “everything will be fine with China”. Kobessi describes this tariff playbook perfectly here.

Now, is there a chance this is just a massive (I won`t say which type) fakeout? If we are to enter a bullish Q4, how ruthless (and typical) would it be to flush absolutely everyone, just to reverse it all higher?

It's still difficult to say, but interestingly enough, we see BTC dominance performing a bearish retest, while the TOTAL2 chart remains bullish. The same goes for stablecoin dominance - all the Fridays' flush caused was a bearish retest.

We`ve got a packed week ahead on the macro side (complete list of events here), so let’s see how things go after we pass through it.

All I know is that in crypto, the greatest upside follows the deepest fear. And the fear we saw this Friday was none less than historical. Let`s take it day by day, not out of the woods yet, and all that…

✍️ Advertise with us | 🧑‍💻 Join the Discord | 🐥 Follow on Twitter
📊 Sub to YouTube & Spotify

👇 And if you haven’t yet, hit subscribe below 👇

The important bits.

• USD₮ volumes on Plasma are already well above $1 trillion annualized, read here

• Shadow Exchange S/USDC APR reached 43.400%, join here

• The new Aster Stage 2 Airdrop Checker is now live, check here

• f(x) Protocol managed to protect its users from liquidations, read here

• HyperUnit`s infrastructure managed to work just fine during the crash, read here

• Pokemon markets continue to thrive on Beezie, read here

• MegaETH lists institutional ecosystem projects, full list here

• Hyperliquid HIP-3 is going live today, listen to explanation here

• Whales Market announces MegaETH pre-markets, read here

• HyperSwap airdrop checker is live, check yours here

Even more important bits.

• Bitmine Immersion buys another 27,256 ETH worth $104.1 million, read here

• Yi He from Binance claims they will refund affected users, read here

• Konstantin Galish found dead in his Lamborghini amid historic market crash, read here

• President Trump to impose 100% tariff on China starting November 1st, read here

• Binance covers $283 million in user losses after its tokens de-pegged on Friday, read here

• Polymarket is looking to release POLY after they fully enter the US markets, read here

Charts and stats of the day.

• NFT markets are in the midst of a lending crisis, chart here

• AAVE has generated $3.5M+ in revenue in 48 hours, chart here

• ATOM`s orderbook was cleared entirely, crashing the token to zero, chart here

Don’t miss out on the daily blocmates news bulletin with Gaz! Tune in here.

I think the prediction market meta is catching fire here. My picks as micro-cap beta trades to catch this one are PRDN on Solana and PREDI on Base. Not financial advice!

Best explainer posts from the weekend

This might not be the best time to shill new tickers, so let`s feature some of the better explainer posts/takes, diving into what the hell actually happened:

• Virotechnics presents a “China Loot Theory” conspiracy, read here

• Jordi Alexander explains why exchanges should prioritize users, not tokens, read here

• Crypto Nova explains why the current situation differs from the Covid crash, read here

• Sam from Messari explains what could be the next token meta, read here

• Fomocap explains the macro reasoning why markets crashed, read here

• Doug Colkitt explains the controversial Auto Deleveraging on Hyperliquid, read here

• Hanzo recaps what REALLY happened on Friday, read here

• Boba (Trade everything effortlessly)

• Vota (PVP for MegaETH NFTs)

• Hypurr Capital (Hypurr NFT token) - Launching today

To save you doom scrolling.

For any of you actually thinking James Wynn is some kind of an actual big brain, listen to this.

After mass liquidation events such as the one we experienced on Friday, I think it's worth keeping in mind how many of these crypto have already gone through, and what the 100% chance outcome was.

Everything always blew over, and markets continued to charge higher. I`m not saying I know the timeline on this, but I'm sure this, too, shall pass. Good luck.

stay safe homies,

Hix0n 🫡