Futures open interest collapsing 23% points to weakening speculation and may explain the drop more than the other headlines. Tether’s strong inflow and the Binance hack report don’t clearly map to the move.
Found outside our sources.Oct 29
Polygon Labs announced on 2026-10-29 that it added Solana support to its Open Money Stack, expanding the payments framework to let businesses on Solana use regulated U.S. banking rails, stablecoin handling, cross-chain routing, and payouts through one integration.
— The Block
Open interest jumped 27% even as shorts were paying longs, which points to a squeeze helping the rebound. The Binance hack headlines may also have lifted risk appetite, though the stronger move looks tied to positioning.