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HYPE Rallies 20% on Hyperliquid Prediction Markets Push

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HYPE Rallies 20% on Hyperliquid Prediction Markets Push

Hyperliquid’s HYPE token soared over 20% to lead cryptocurrency gainers, as the HyperCore team announced support for HIP-4, a proposal to introduce “outcome” trading.

This development marks a strategic move for the decentralized perpetual futures platform, aiming to capture a share in one of the fastest-growing sectors.

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Hyperliquid’s HIP-4 Proposal Sends HYPE to 2-Month High

Market data showed that HYPE surged 22.39% over the past day, outperforming the broader market’s 3.6% gain over the same period. This made it the top gainer among the 100 largest cryptocurrencies on CoinGecko.

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At press time, HYPE was trading at $37, marking its highest price since late November 2025. Its trading volume also surged by more than 36% to around $1 billion.

Hyperliquid (HYPE) Price Performance. Source: BeInCrypto Markets

The price rally comes amid the latest network developments. The HyperCore team confirmed its support for HIP-4 on February 2. HIP-4 introduces outcome trading, a new type of contract designed to be fully collateralized and to settle within fixed ranges.

This structure allows for a variety of use cases, including prediction markets and bounded options-style instruments. It’s worth noting that while outcome trading closely overlaps with prediction markets, the two are not synonymous.

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Prediction markets are a specific form of outcome trading in which participants trade contracts tied to future events, with prices reflecting the implied probability of each outcome.

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Outcome trading is a broader concept that encompasses prediction markets alongside other event-based instruments, such as bounded options or structured outcome contracts. In short, all prediction markets fall under outcome trading, but not all outcome trading constitutes prediction markets

“There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well,” the team wrote.

In contrast to traditional derivatives, outcome-based contracts do not use leverage or liquidation mechanisms. Instead, they introduce non-linear payoffs and dated contracts. According to the team,

“The outcome primitive expands the expressivity of HyperCore, while composing with other primitives such as portfolio margin and the HyperEVM.”

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The HIP-4 outcome trading feature is currently live on testnet. Once technical work is finalized, the protocol plans to launch canonical markets that rely on objective settlement sources.

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Canonical markets will use USDH, Hyperliquid’s native stablecoin. The team added that, depending on user feedback, the infrastructure could later be opened to permissionless market deployment.

The latest move follows growing traction after the platform’s HIP-3 deployment. Activity across externally deployed markets has continued to expand, with open interest surging to an all-time high of over $1 billion on January 29. At press time, open interest stood at $929.4 million.

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Prediction Markets Achieve Record Growth

Meanwhile, prediction markets are emerging as a rapidly expanding sector, attracting major players looking to capitalize on growing momentum. Coinbase recently launched prediction markets for all US users through a partnership with CFTC-regulated Kalshi, signaling increasing mainstream adoption.

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Interest in the sector has risen alongside higher activity across these platforms. According to data from Dune, monthly trading volume reached an all-time high of $12.4 billion in January 2026, led by Kalshi, Polymarket, and Opinion.

Just three days into February, volume has already reached $1 billion, highlighting the sector’s strong growth trajectory.

Prediction Market Monthly Volume.
Prediction Market Monthly Volume. Source: Dune

Overall, Hyperliquid’s support for HIP-4 expands the protocol’s capabilities beyond traditional perpetual futures, positioning it to benefit from the growing demand for outcome-based trading products. As prediction markets gain traction as one application of this broader framework, the successful execution of HIP-4 could drive further adoption across the Hyperliquid ecosystem.

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Billionaire Adam Weitsman Buys Fire Ghost NFT From Ghost Labs

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Billionaire scrap-metal entrepreneur Adam Weitsman continues expanding his involvement in the non-fungible token space through high-volume acquisitions and intellectual property takeovers. In yet another bullish move, the scrap metal mogul has acquired a rare non-fungible token series from the digital asset incubation studio Ghost Labs.

Billionaire Adam Buys More NFTs

In a January 21 blog post, Billionaire Adam Weitsman confirmed he has bought a rare Fire Ghost NFT collection. “The non-fungible token market was pretty brutal today, so I thought I would help by supporting another NFT project that deserves a little more attention in my opinion,” Mr Adam wrote. The billionaire investor has bought 1/1 ‘Fire Ghost’ NFT from the digital asset incubation studio Ghost Labs.

Billionaire Adam Weitsman is a renowned industrialist, entrepreneur, investor, philanthropist, and crypto investor. Most recent estimates from his business and entertainment finance outlets place Adam Weitsman’s net worth in a broad range of about $1.2 billion to $1.5 billion, with some outliers reporting lower or higher figures. Adam serves as CEO of “Weitsman Recycling,” which has become the largest privately held scrap metal recycling company on the East Coast.

Scrap Meta mogul Adam Weitsman officially entered the NFT market in early 2023, marked by a high-profile $1.6 million purchase. Adam has substantially increased his NFT holdings by acquiring 5,000 Otherside NFTs, including Otherdeeds and Kodas, directly from Yuga Labs to support their metaverse project and 229 Meebits in an over-the-counter deal. He is also actively managing the HV-MTL project’s intellectual property. Last week, Adam purchased 100 Quirkies in a private transaction.

Billionaire Adam’s Motive for Buying NFTs

Unlike many traders in the NFT space, Adam Weitsman isn’t motivated by flipping or profit. He’s never sold an NFT in his life, and says he doesn’t believe in selling and never will. In the past pressers, Weitsman emphasized that his acquisitions are about “legacy, not liquidity,” prioritizing the preservation of digital culture over short-term financial gains. “I collect because I love the art, the people, and the history being made. For me, collecting is about legacy, not liquidity,” He said.

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Polymarket to open free grocery store in New York City

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Polymarket launches on Solana through Jupiter integration

Polymarket is taking its brand offline, opening a free grocery store in New York City and backing it with a $1 million donation to fight food insecurity.

Summary

  • Polymarket will open a free grocery store in NYC on Feb. 12, open to all residents.
  • The company donated $1 million to Food Bank For New York City.
  • The move blends community support with a high-profile brand push.

Polymarket, the crypto-based prediction market platform, announced on Feb. 3 that it will open New York City’s first free grocery store later this month as part of a community-focused initiative.

The pop-up store, called “The Polymarket,” is set to open on Feb. 12 at noon ET and will offer groceries at no cost to visitors. The company said no purchase will be required, and the store will be open to all New Yorkers. Polymarket has not yet disclosed the exact location.

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Alongside the launch, Polymarket donated $1 million to Food Bank For New York City, a non-profit that supports hunger relief across all five boroughs. The company described the donation as part of its effort to give back to the city it calls home.

A physical bet on community impact

Polymarket framed the project as a “real, physical investment” in New York. The company said the store will be fully stocked and emphasized that the initiative is meant to address food insecurity rather than function as a traditional retail operation.

Food Bank For New York City said the donation will support its ongoing work to expand access to food and strengthen long-term food security. Polymarket encouraged members of the public to contribute to the organization as well.

Sources familiar with the project say the grocery store is expected to run for a limited time, likely spanning several days around the opening weekend.

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Marketing push amid rising competition

The move also comes as competition heats up among U.S.-based prediction market platforms. Rival Kalshi earlier staged a smaller free grocery giveaway in New York, prompting comparisons between the two campaigns.

Both efforts echo campaign rhetoric from New York Mayor Zohran Mamdani, who previously floated the idea of city-run grocery stores. Polymarket currently hosts active markets tied to whether such stores will open in the city by mid-2026, adding another layer of symbolism to the initiative.

The launch follows a busy stretch for Polymarket. In late January, the platform announced a multi-year partnership with Major League Soccer, becoming the league’s official prediction market partner. On Feb. 2, Polymarket integrated with decentralized exchange aggregator Jupiter, allowing users to access markets directly on Solana.

The company is also navigating regulatory pressure. A Nevada state court issued a temporary restraining order last week preventing Polymarket’s U.S. affiliate from offering certain contracts to Nevada residents, with a hearing scheduled for Feb. 11.

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ETF that feasts on carnage in MSTR hits record high

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ETF that feasts on carnage in MSTR hits record high

There’s always a bull market somewhere.

While bitcoin and shares of bitcoin holder Strategy are falling, an exchange-traded fund designed to move in the opposite direction of MSTR and double its daily change has hit a record high.

That exchange-traded fund is the GraniteShares 2x Short MSTR Daily ETF, trading under the ticker MSDD on Nasdaq. It is an actively managed fund designed to deliver -200% of the Strategy’s daily performance. In simple terms, if MSTR falls 2% in a day, the ETF targets a 4% gain that same day (before fees/decay).

The fund debuted on Jan. 10, 2025 and is seen as a high-risk short-term tactical tool for bears betting against MSTR. And it has lived up to its repute.

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MSDD’s price hit a record high of $114 on Tuesday, up 13.5% on the year, extending the past year’s 275% surge, according to data source TradingView.

MSDD’s compatriot, the Defiance Daily Target 2x Short MSTR ETF (SMST), also clocked an 11-month high of $113 on Tuesday. This fund debuted on Nasdaq in August 2024.

In other words, MSTR bears out there who loaded up on these ETFs have made a killing.

Strategy fell to $126 on Tuesday, the lowest since September 2024, extending its multi-month bear market. The stock is now down a staggering 76% from its lifetime high of $543 in November last year.

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Strategy is the world’s largest publicly listed bitcoin holder, stashing 713,502 BTC ($54.24 billion) at press time. Naturally, its share price tends to follow swings in bitcoin’s market value.

Bitcoin, the leading cryptocurrency by market value, has dropped 12% this year and traded as low as $73,000 on Tuesday. That was the weakest since late 2024. Since then, prices have bounced back to $76,000, thanks to narrowly approved funding package that alleviated near-term U.S. shutdown risk and stabilized risk sentiment in financial markets.

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Why Cardano Investors Are Moving Assets to Self-Custody Now

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ADA Price


“Currently, a 10 billion market cap, this thing is not even worth $1 billion,” one X user argued.

The latest cryptocurrency market crash was brutal, sending Cardano’s ADA to multi-month lows.

Some analysts believe the storm may not be over, warning the price could nosedive by as much as 75% in the short term.

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The Bad Days for the Bulls Aren’t Over?

Several hours ago, ADA plunged to 0.27, the lowest level since August 2024. Currently, it trades at around $0.29 (per CoinGecko’s data), representing a 15% decline on a weekly scale.

ADA Price
ADA Price, Source: CoinGecko

The well-known analyst DrBullZeus claimed that the asset is now nearing “a must hold support zone” at the range of $0.24-$0.28. He thinks that breaking below that level could result in a price crash to $0.125 and even $0.075.

The popular trader Matthew Dixon also chipped in. He suggested that “technically speaking,” ADA has retraced in three waves since the local top seen towards the end of 2024. He outlined $0.24 as a “very important long-term support,” predicting that as long as it holds, the price could rebound.

“A break of support would be a serious concern,” he alerted.

Prior to that, Harmonic Trader predicted that in six months, ADA might trade under $0.10. “Currently, a 10 billion market cap, this thing is not even worth $1 billion,” they argued.

Time to Rally?

Despite ADA’s recent price decline, some other analysts remain optimistic that a resurgence could be on the way. One of them, using the X nickname “Lucky,” asked their almost two million followers whether they plan to increase their exposure to the token at current rates. The analyst also envisioned a potential pump to nearly $1 in the near future.

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LaPetite is also bullish. Several days ago, he forecasted that ADA is about to go “parabolic,” claiming that “huge announcements” concerning Cardano are coming soon.

The recent exchange netflows signal that a rebound could indeed be on the horizon. Data provided by CoinGlass shows that over the past days and weeks, outflows have significantly outpaced inflows. This means investors have been shifting from centralized platforms to self-custody, which in turn reduces immediate selling pressure.

ADA Exchange Netflow
ADA Exchange Netflow, Source: CoinGlass
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Aave Shutters Avara Brand and Family Crypto Wallet

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Aave Shutters Avara Brand and Family Crypto Wallet

Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding.

Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no longer required as we go all in on bringing Aave to the masses.”

Kulechov said the Apple iOS-based Family crypto wallet was also being wound down as the team has “learned that onboarding millions of users requires purpose-built experiences, such as savings, rather than generic, open-ended wallet experiences.”

The move marks Aave’s latest effort to refocus on products such as its flagship lending protocol as the project handed stewardship of Lens to the Mask Network last month, with Kulechov saying Aave’s role in the protocol would be reduced to an advisory role so it can focus on DeFi.

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Source: Stani Kulechov

Kulechov said in his latest post that Aave was “now united as one team of world-class designers, engineers, and smart contract experts, aligned around a single mission: bringing DeFi to everyone.”

All future projects under Aave Labs

Avara said in a blog post that “all current and future products, including the Aave App, Aave Pro, and Aave Kit, will operate under Aave Labs” to simplify the brand.

It added that accounts linked to the Family wallets “will continue as core infrastructure within Aave Labs products,” but the iOS app would be wound down over the next year.

No new users will be onboarded to the app from April 1, and existing users can continue using the app until April 1, 2027, and will continue to have full access to their funds on Aave’s website.

Related: There is no trust in DeFi without proper risk management

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Aave is the biggest DeFi protocol with $30 billion in total value locked, nearly $9 billion more than the next largest project, the staking protocol Lido, which has $21.7 billion in value locked, according to DefiLlama.