Bitwise CIO: Binance’s $6.3B Hack Unlikely to Have Lasting Impact on Bitcoin
Key Highlights: Bitwise Chief Investment Officer Matt Hougan highlights a structural decoupling between event-driven political tokens and core crypto market assets like Bitcoin, Ether, and Solana. Bitcoin’s average drawdown has compressed from historic highs near 80% to roughly 50%, signaling that institutional participation is helping the asset absorb macro and political shocks. The divergence shows ...