Bits + Bips: Why Gold Price Discovery Happened on Hyperliquid
February 4, 2026
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1,054 of 1,186
February 4, 2026
Bits + Bips: Why Gold Price Discovery Happened on Hyperliquid
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Tom Emmer Episodes Around February 4, 2026
Episode 1,054 of 1,186 — walk the feed in the order it was published.
1:00:50This episodeBits + Bips: Why Gold Price Discovery Happened on Hyperliquid
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In this episode of Bits + Bips, Austin Campbell and Chris Perkins sit down with Cosmo Jiang to unpack what gold’s volatility shock revealed about market structure, why onchain venues like Hyperliquid are increasingly where price discovery happens, and how digital asset treasuries are being blamed for stress they did not create.
The conversation also turns to Kevin Warsh’s nomination as Fed chair and why it represents a deeper shift in institutional power, not just personnel.
Hosts:
Austin Campbell, NYU Stern professor and founder and managing partner of Zero Knowledge Consulting
Christopher Perkins, Managing Partner and President of CoinFund
Guest:
Cosmo Jiang, General Partner at Pantera Capital
Links:
Crypto at a Crossroads: Winter Fatigue Meets the Risk of Lower Lows
Weekend Drama Rekindles Debate Over What Really Caused the October 10 Crash
Crypto’s Weekend Washout Tests Conviction After a Brutal Week
Bitcoin Sinks as Markets Price In a More Hawkish Fed
Why HYPE Is Up While Every Other Crypto, Including Bitcoin, Is Down
Hyperliquid Prepares Prediction-Style Markets With HIP-4 Upgrade
Hyperliquid Sees Record Trading as Commodities Drive New Interest
Crypto Market Structure Bill Clears Senate Committee — But the Hard Part Is Still Ahead
Silver and gold extend losses after last week's historic plunge
Gold Volatility Tops Bitcoin in Wildest Price Swings Since 2008
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