Hi Siai,

Last week was a reminder of how quickly sentiment can flip in crypto. Fear hit fast, panic selling followed, and then buyers stepped straight back in. Big moves, big reactions, and plenty of opportunity if you were paying attention. Here's what's been happening at Day1x, plus the key market stories from the week.

DAY1x UPDATES

• Last week's Leaderboard winners were Benwax, ustrail2001, and ChrisM, taking home 100 USDT, 75 USDT, and 50 USDT respectively.

• This week, we've cranked the rewards on Crypto Packs up to 100 XP, giving active traders even more reason to climb the ranks.

• We're also introducing an additional weekly reward for the Top 10 on the Leaderboard. More details coming soon.

• In last week's video, we sat down with one of our clients to explore how he uses Day1x and stablecoins to grow and operate his business. A real-world example of crypto utility beyond charts and hype:

CRYPTO NEWS

• Bitcoin Whipsaws, Capitulation Then Recovery

  Bitcoin briefly plunged below $61,000, triggering a record $3.2 billion in realized losses, surpassing even the depths of the 2022 FTX collapse. Panic selling swept the market, wiping around 8% from total crypto market cap.
  
  Just a day later, Bitcoin rebounded sharply, reclaiming $70,000 as dip buyers stepped in. A reminder that volatility cuts both ways and that sharp drawdowns often precede equally sharp recoveries.

• Bithumb Giveaway Error Sends Shockwaves
  

  A major operational error at South Korean exchange Bithumb resulted in roughly 620,000 BTC being mistakenly distributed during a promotional event. While nearly all funds were recovered quickly, the incident sparked temporary volatility and has drawn heavy regulatory scrutiny, highlighting how human error remains a critical risk in crypto infrastructure.

• Bitwise Calls a Post-Winter Rebound

  Investment firm Bitwise believes the market has entered a classic late-stage capitulation phase, historically followed by strong recoveries. Improving macro signals, rising on-chain accumulation, and renewed long-term holder confidence suggest the current environment may be setting the foundation for the next leg higher.

• Hyperliquid (HYPE) Jumps on Listing Rumors

  The HYPE token surged 34% amid speculation of a major exchange listing. Momentum is building around Hyperliquid's decentralized perpetual futures platform, reinforcing how listings and liquidity access remain powerful catalysts in the altcoin market. Moving ahead of the pack, Day1x has already listed $HYPE so you can buy it now!

• Ethereum Pushes Toward Hyper-Scaling

  Ethereum's roadmap continues to evolve, with new proposals focused on improving scalability and efficiency without increasing network bloat. These developments aim to support real-world asset tokenization and higher throughput, strengthening Ethereum's long-term position as the leading smart contract platform.

THE BOTTOM LINE

Volatility is back, and it's doing what it always does: shaking out weak hands while creating opportunity for those prepared to act. From Bitcoin's rapid capitulation-and-rebound, to infrastructure mishaps and bold ecosystem bets, the market is reminding everyone that crypto rewards conviction, discipline, and low friction execution.

At Day1x, that's exactly why we focus on simple fees, fast execution, and real-world utility - so that when markets move, you can focus on strategy, not surprises.

Have a great week,

Michael Chmielewski
Head of Growth & Product