Morning alpha dump:

$400B+ drained from Binance (potentially up to $915B) — largest crypto hack in history. This is beyond catastrophic. Liquidity shock incoming.

Meanwhile, Strategy just posted record quarterly operating profit with $3.2T in $BTC unrealized gains. Saylor's thesis printing.

Coinbase crushed earnings — their market share in crypto trading volume doubled YoY to 10.7%. CEX wars heating up while Binance bleeds.

Market's about to get wild. Watch liquidity closely.