From a record $20 billion crypto liquidation to Polymarket’s $2 billion raise and a wave of new ETFs on the horizon, the Galaxy Grid team breaks down how leverage unraveled across markets, why DeFi held its ground, and what Wall Street’s entry could mean for the next phase of crypto.

Timestamps:
0:00 - Intro
2:19 - Leverage Wipeout
13:51 - Polymarket’s Big Raise
18:58 - New ETFs are Coming
29:03 - Salomon Bros Dust Attack!
40:00 The Week Ahead
40:06 - Closing Thoughts: Hyperliquid, Stablecoins, and the Next Meta