The $7B airdrop: How Hyperliquid set the standard with HYPE token

It’s been another rough 24 hours for crypto with Bitcoin falling through that $95,000 support and raising questions about where it may stop. Some analysts have flagged as low as $73,000! Part of the downward pressure has been courtesy of spot Bitcoin ETFs in the US, which on Jan. 8 saw the second-highest daily outflow since they launched a year ago. Elsewhere, the outgoing CFTC chair discusses crypto in a final message, and the story of how decentralized exchange Hyperliquid created the best and most lucrative airdrop in crypto history.Further reading:How low can the Bitcoin price go?Bitcoin investors exit spot ETFs at near-record levels as BTC slumps 2.3%Bitcoin hourly RSI falls to most 'oversold' since $60K BTC priceBitcoin whales have scooped up 34K BTC since December dump: AnalystCFTC chair’s final message includes a call for crypto guardrailsHow Hyperliquid’s insanely lucrative airdrop launch changed the gameRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.