According to @CryptoMichNL, a $20B crypto market crash occurred on October 10, with rumors involving Wintermute addressed in a New Era Finance episode featuring JO from Wintermute; source: @CryptoMichNL on X. The interview discusses what really happened during the drawdown and why the move is compared in scale to FTX, providing context aimed at traders; source: New Era Finance on YouTube youtu.be/sUl4q8qLMik.

According to @KookCapitalLLC, the upcoming HIP-3 proposal is expected to draw significant mainstream attention to Hyperliquid, with predictions that media personalities like Jim Cramer could amplify the spotlight by comparing it to past industry events such as FTX. If HIP-3 implementation drives increased adoption or technical upgrades, traders may see volatility and substantial price movement in HYPE, potentially surpassing the $100 mark in a short period. Market participants should monitor HIP-3 developments closely for trading opportunities and risk management (source: @KookCapitalLLC on Twitter).