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Here’s what happened in crypto today

In today's crypto news, ARK Invest's Cathie Wood likened Hyperliquid to Solana in its early stages, emphasizing its potential for growth. Wood noted that ARK currently holds Bitcoin, Ethereum, and Solana in its portfolios and has associated ties with Hyperliquid but did not confirm any investments. Meanwhile, Samson Mow, founder of Jan3, stated that nation-state adoption of Bitcoin is about to enter a 'suddenly' phase, as more countries are moving past initial skepticism towards adopting Bitcoin reserves. He highlighted the quick nature of such shifts in adoption. Additionally, market analyst James Van Straten indicated that Bitcoin options and derivatives are at an all-time high, signaling a maturation in the market. He suggested that these instruments could support Bitcoin's ascent to a $10 trillion market cap, despite also implying limitations on volatility and long-term price gains. Overall, these developments illustrate the fast-paced changes and growing interest in the cryptocurrency landscape.

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