币界网报道：In the latest episode of The Crypto Beat, Wintermute's Jake Ostrovskis and Kaiko's Adam McCarthy joined hosts to analyze the current crypto bear market sentiment, citing compressed basis trades, low retail activity, and Bitcoin's conflicting narratives. The discussion highlighted Hyperliquid's HIP3 and HIP4 proposals as positive developments, while also covering the challenges of on-chain RWA and prediction market pricing, and the potential impact of regulations like the Clarity Act on a market recovery by 2026.