Kamis, 02 April 2026

$80M Bitcoin short: smart money or serial loser?


Polymarket's new fee model doubles daily revenue as prediction markets face global crackdowns	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

April 2, 2026

Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories

📊 Trader's track record shows $37M in early losses and a $40M flip gone wrong on crypto longs
⚖️ Global regulators tighten the screws as Hungary, Portugal and Argentina move to block or restrict Polymarket
🏛️ Coinbase lawyer says Senate crypto 'CLARITY' deal is close, but markup date still missing
📰 Keep reading for all of today's biggest headlines

Hyperliquid whale makes $80M bet on market crash: Is Bitcoin in trouble?

A trader on Hyperliquid built a nearly $80 million, 7x-leveraged "crash" bet, shorting about $40 million in Bitcoin near $68,760 and $2 million in S&P 500 contracts while going long roughly $37 million in Brent crude. The move runs against a risk-on rebound in markets after President Trump suggested a possible ceasefire in the Israel-Iran conflict, implying the whale expects equities and Bitcoin to fall while oil spikes. However, the address behind the trade has a history of major, bot-driven losses and inconsistent positioning, so the bet may be a poor signal of where Bitcoin is headed.

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Polymarket fee expansion boosts revenue amid regulatory pressure

Polymarket's March 30 fee overhaul sharply boosted its daily fees and revenue, with fees jumping from about $363,000 to over $1 million and revenue nearing $1 million on peak days after expanding taker fees across more market categories. The move underscores how aggressively the prediction market is monetizing trading activity to maintain investor interest, including a recent $600 million investment from ICE, even as it faces mounting regulatory pressure and access blocks in Europe, Argentina, and at least 11 U.S. states. Despite bans and restrictions in dozens of countries and new scrutiny over market integrity and insider trading, both Polymarket and rival Kalshi are reportedly pursuing fresh funding rounds that could value each platform at around $20 billion.

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Coinbase exec says Senate CLARITY compromise is close, but no markup date set

Coinbase chief legal officer Paul Grewal says Senate lawmakers are close to a compromise on the CLARITY Act, though the Banking Committee still hasn't scheduled a markup. The main sticking point remains whether stablecoin issuers or platforms can offer yield, with banks pushing for limits and Grewal disputing fears of deposit flight. The House passed the bill in July 2025, but delays in the Senate have kept federal crypto market structure rules unresolved amid growing political pressure and warnings that failure to pass the bill could leave the industry exposed to future policy swings.

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MARKET UPDATE

Bitcoin risks new lows as US dollar targets highest level since April 2025

Bitcoin fell about 2% to near $66,200 after another rejection at $69,000, as markets reacted nervously to fresh US-Iran war headlines and a speech by US President Donald Trump. Instead of calming investors, Trump's remarks were seen as keeping the risk of further escalation alive, sending stocks, gold, and bonds lower, while US oil prices pushed back above $100 per barrel.

At the same time, the US dollar index (DXY) rebounded to the key 100 level and is poised, analysts say, for a breakout toward 104 — its highest since April 2025. Because Bitcoin often moves inversely to the dollar, traders warn that a DXY "expansion phase" could drive crypto and other risk assets to new lows. Bitcoin's current price structure also resembles a previous bear flag that broke down in early 2026, with analysts noting the market still lacks clear directional momentum.