{"id":92800,"date":"2026-02-03T00:25:00","date_gmt":"2026-02-03T05:25:00","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=92800"},"modified":"2026-02-03T00:36:39","modified_gmt":"2026-02-03T05:36:39","slug":"bitcoin-and-stablecoins-today-a-risk-off-reset-and-a-real-time-stress-test-for-cryptos-money-layer","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2026\/bitcoin-and-stablecoins-today-a-risk-off-reset-and-a-real-time-stress-test-for-cryptos-money-layer.html","title":{"rendered":"Bitcoin and Stablecoins Today: A Risk-Off Reset\u2014and a Real-Time Stress Test for Crypto\u2019s \u201cMoney Layer\u201d"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/f71491b9-0f14-4ef6-be00-b6b00a631318.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/f71491b9-0f14-4ef6-be00-b6b00a631318-1024x683.png\" alt=\"\" class=\"wp-image-92801\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/f71491b9-0f14-4ef6-be00-b6b00a631318-1024x683.png 1024w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/f71491b9-0f14-4ef6-be00-b6b00a631318-300x200.png 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/f71491b9-0f14-4ef6-be00-b6b00a631318-768x512.png 768w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/f71491b9-0f14-4ef6-be00-b6b00a631318.png 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>(HedgeCo.Net) Crypto\u2019s biggest story right now is not a new token, a new chain, or even a single exchange headline. It\u2019s the\u00a0<em>relationship<\/em>\u00a0between two core pillars of the market:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin<\/strong>, still the bellwether for risk appetite, leverage, and macro sensitivity, and<\/li>\n\n\n\n<li><strong>Stablecoins<\/strong>, the functional \u201cpayments and liquidity rails\u201d that keep the ecosystem moving when everything else is repricing.<\/li>\n<\/ul>\n\n\n\n<p>Over the past 48\u201372 hours, those two pillars have been placed under a spotlight.&nbsp;<strong>Bitcoin has sold off sharply<\/strong>, triggering one of the largest liquidation cascades in recent months.&nbsp;At the same time, stablecoins are experiencing a parallel moment:&nbsp;<em>they\u2019re acting as the safe harbor inside crypto<\/em>, even as regulators and policymakers accelerate frameworks that will determine who controls those rails in 2026 and beyond.&nbsp;<\/p>\n\n\n\n<p>This is what\u2019s trending today:&nbsp;<strong>a market moving from \u201cnarrative bull cycle\u201d to \u201cbalance-sheet reality.\u201d<\/strong>&nbsp;And the dividing line is becoming clear\u2014between speculative leverage and durable infrastructure.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">1) Bitcoin\u2019s slide is being driven by leverage unwinds\u2014and macro shock<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/feda1a64-b856-49f8-8549-8a20f6918278.png\"><img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/feda1a64-b856-49f8-8549-8a20f6918278-683x1024.png\" alt=\"\" class=\"wp-image-92802\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/feda1a64-b856-49f8-8549-8a20f6918278-683x1024.png 683w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/feda1a64-b856-49f8-8549-8a20f6918278-200x300.png 200w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/feda1a64-b856-49f8-8549-8a20f6918278-768x1152.png 768w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/feda1a64-b856-49f8-8549-8a20f6918278.png 1024w\" sizes=\"auto, (max-width: 683px) 100vw, 683px\" \/><\/a><\/figure>\n\n\n\n<p>The most immediate driver of Bitcoin\u2019s move has been mechanical:&nbsp;<strong>forced selling from liquidations<\/strong>.<\/p>\n\n\n\n<p>Reuters reported that the latest volatility wave triggered roughly&nbsp;<strong>$2.56 billion in bitcoin liquidations<\/strong>, as selling pressure spilled across risk assets.&nbsp;Bitcoin, which had been trading far higher in prior months, fell to the high-$70,000s region in that report.&nbsp;Barron\u2019s similarly described Bitcoin hitting a&nbsp;<strong>10-month low<\/strong>, with the broader complex (including major alts) moving lower in sympathy.&nbsp;<\/p>\n\n\n\n<p>The deeper point: when the market is heavily positioned, price declines stop being purely \u201csentiment.\u201d They become&nbsp;<strong>self-reinforcing flows<\/strong>:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Price drops ?<\/li>\n\n\n\n<li>Levered longs get liquidated ?<\/li>\n\n\n\n<li>Exchanges sell collateral into the market ?<\/li>\n\n\n\n<li>Liquidity thins ?<\/li>\n\n\n\n<li>Another leg down triggers more forced selling.<\/li>\n<\/ol>\n\n\n\n<p>That\u2019s exactly why this drawdown has felt fast and relentless. It\u2019s not one seller\u2014it\u2019s the unwind of a structure.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Macro mattered more than crypto-native news<\/h3>\n\n\n\n<p>This time, the catalyst is not purely inside crypto. Market narratives increasingly linked the selloff to a macro and policy shock:&nbsp;<strong>President Donald Trump\u2019s nomination of Kevin Warsh as the next Fed Chair<\/strong>, which spooked risk markets that were priced for easier liquidity ahead.&nbsp;Reuters also tied the downturn to broader risk-off moves across assets.&nbsp;<\/p>\n\n\n\n<p>Whether Warsh ultimately ushers in tighter policy or simply changes expectations, the market impact is the same in the short run:&nbsp;<strong>liquidity assumptions get repriced<\/strong>, and highly levered assets feel it first.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">2) Spot Bitcoin ETFs: flows are turning from tailwind to headwind<\/h2>\n\n\n\n<p>One of the defining features of the last cycle was the rise of&nbsp;<strong>spot Bitcoin ETFs<\/strong>&nbsp;as a narrative \u201cinstitutionalization\u201d force. Now, that same channel is being watched for the opposite reason:&nbsp;<em>outflows<\/em>.<\/p>\n\n\n\n<p>CoinDesk reported that spot Bitcoin ETFs have recorded&nbsp;<strong>about $6.18 billion in net outflows<\/strong>&nbsp;over a recent stretch, a meaningful reversal from the earlier period when inflows were a consistent support.&nbsp;Bloomberg also flagged fading conviction among ETF buyers as the market moved into losses.&nbsp;<\/p>\n\n\n\n<p>Here\u2019s why ETF flows matter even when they don\u2019t \u201ccause\u201d the move:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>They act as a\u00a0<strong>sentiment barometer<\/strong>\u00a0for allocators who don\u2019t trade perpetual swaps.<\/li>\n\n\n\n<li>They influence\u00a0<strong>dealer hedging and liquidity<\/strong>\u00a0around key levels.<\/li>\n\n\n\n<li>They create a visible narrative: \u201cinstitutions buying\u201d vs \u201cinstitutions backing away.\u201d<\/li>\n<\/ul>\n\n\n\n<p>A helpful example of how quickly the narrative can turn: MarketWatch noted that&nbsp;<strong>Strategy (formerly MicroStrategy)<\/strong>briefly saw Bitcoin trade below its average purchase price, underscoring how fast conditions shifted for even the most prominent corporate BTC holders.&nbsp;<\/p>\n\n\n\n<p>This is the key takeaway:&nbsp;<strong>Bitcoin is not only trading its own fundamentals\u2014it\u2019s trading positioning and macro.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">3) What \u201ctoday\u201d reveals about Bitcoin\u2019s role: it\u2019s still the risk asset inside crypto<\/h2>\n\n\n\n<p>For all the talk of Bitcoin as \u201cdigital gold,\u201d the market action today is a reminder that\u2014at least in trading terms\u2014Bitcoin still behaves like a&nbsp;<strong>high-beta macro asset<\/strong>&nbsp;during liquidity shocks.<\/p>\n\n\n\n<p>That doesn\u2019t mean the long-term thesis is invalid. It means the market is transitioning into a phase where:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>cash flow and collateral matter more than storytelling<\/strong>, and<\/li>\n\n\n\n<li><strong>funding rates, basis trades, and balance sheet capacity<\/strong>\u00a0shape price action as much as adoption metrics.<\/li>\n<\/ul>\n\n\n\n<p>In practical terms, professional investors are watching:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Where liquidation clusters reset<\/strong>\u00a0(less fuel for forced selling),<\/li>\n\n\n\n<li><strong>Whether ETF outflows stabilize<\/strong>\u00a0(less persistent headwind),<\/li>\n\n\n\n<li><strong>How macro pricing evolves<\/strong>\u00a0around rates and the dollar (risk appetite),<\/li>\n\n\n\n<li><strong>Whether stablecoins keep growing<\/strong>\u00a0(liquidity stays inside crypto).<\/li>\n<\/ul>\n\n\n\n<p>And this brings us to the other half of today\u2019s story:&nbsp;<strong>stablecoins<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">4) Stablecoins are trending for the opposite reason: they\u2019re absorbing demand:<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/88fdf8c2-215e-42ab-a5b9-87bd6cb25982.png\"><img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/88fdf8c2-215e-42ab-a5b9-87bd6cb25982-683x1024.png\" alt=\"\" class=\"wp-image-92804\" style=\"width:840px;height:auto\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/88fdf8c2-215e-42ab-a5b9-87bd6cb25982-683x1024.png 683w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/88fdf8c2-215e-42ab-a5b9-87bd6cb25982-200x300.png 200w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/88fdf8c2-215e-42ab-a5b9-87bd6cb25982-768x1152.png 768w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/02\/88fdf8c2-215e-42ab-a5b9-87bd6cb25982.png 1024w\" sizes=\"auto, (max-width: 683px) 100vw, 683px\" \/><\/a><\/figure>\n\n\n\n<p>When Bitcoin and alts slide, stablecoins often do the reverse in functional terms: they become the&nbsp;<strong>parking place<\/strong>&nbsp;for capital that doesn\u2019t want to leave crypto entirely.<\/p>\n\n\n\n<p>That pattern is visible again now. Stablecoins are trending because they are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>the unit of account for trading<\/strong>,<\/li>\n\n\n\n<li><strong>the settlement layer for exchanges<\/strong>, and<\/li>\n\n\n\n<li>increasingly\u00a0<strong>the bridge to real-world payments<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>But 2026 is adding a new twist: stablecoins are also trending because regulators are moving from \u201cconcept\u201d to \u201clicensing.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Hong Kong moves toward stablecoin licensing<\/h3>\n\n\n\n<p>Reuters reported that the&nbsp;<strong>Hong Kong Monetary Authority (HKMA)<\/strong>&nbsp;plans to issue its&nbsp;<strong>first stablecoin issuer licenses in March 2026<\/strong>, and emphasized that only a&nbsp;<strong>limited number<\/strong>&nbsp;will be approved at first.&nbsp;This is not a symbolic step\u2014it\u2019s a signal that major financial hubs want stablecoins&nbsp;<em>inside<\/em>&nbsp;a supervisory perimeter, with explicit requirements around reserves, risk controls, and compliance.&nbsp;<\/p>\n\n\n\n<p>That matters because it formalizes the future playing field: stablecoins are becoming&nbsp;<strong>regulated financial infrastructure<\/strong>, not just crypto products.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">5) The U.S. debate is sharpening around one word: \u201cyield\u201d<\/h2>\n\n\n\n<p>In the U.S., the policy conversation is increasingly focused on market structure and stablecoin rules\u2014and, specifically, the question of whether stablecoins should be allowed to&nbsp;<strong>pay yield<\/strong>.<\/p>\n\n\n\n<p>CoinDesk reported that a&nbsp;<strong>White House crypto market structure meeting<\/strong>&nbsp;dug into the \u201cstablecoin yield\u201d debate, highlighting tensions between crypto-native firms and the banking lobby.&nbsp;A banking industry statement following that meeting underscores the intensity of the push to shape legislation.&nbsp;<\/p>\n\n\n\n<p>Why is \u201cyield\u201d so sensitive?<\/p>\n\n\n\n<p>Because if a stablecoin becomes a widely used digital dollar that pays yield, it begins to resemble a&nbsp;<strong>bank deposit substitute<\/strong>\u2014without necessarily being a bank. That raises questions about:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>deposit-like activity outside the banking system,<\/li>\n\n\n\n<li>consumer protections,<\/li>\n\n\n\n<li>the structure of money markets, and<\/li>\n\n\n\n<li>systemic risk in stress events.<\/li>\n<\/ul>\n\n\n\n<p>So while crypto traders are watching Bitcoin\u2019s liquidation levels, policymakers are effectively debating&nbsp;<strong>who gets to issue \u201cinternet dollars,\u201d under what rules, and with what economic incentives.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">6)&nbsp;Tether&nbsp;is leaning into transparency\u2014and scale<\/h2>\n\n\n\n<p>No stablecoin story is complete without&nbsp;Tether, because it remains a central liquidity source for global crypto markets.<\/p>\n\n\n\n<p>In a recent update, Tether said it delivered&nbsp;<strong>more than $10 billion in net profits in 2025<\/strong>, with&nbsp;<strong>$6.3 billion in excess reserves<\/strong>&nbsp;and a&nbsp;<strong>record $141 billion exposure to U.S. Treasury holdings<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Regardless of how one views stablecoins philosophically, the market implication is clear:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stablecoins are\u00a0<strong>deeply tied to the U.S. Treasury ecosystem<\/strong>, and<\/li>\n\n\n\n<li>their scale increasingly intersects with mainstream financial plumbing.<\/li>\n<\/ul>\n\n\n\n<p>In periods of crypto stress, this becomes even more important. Traders, exchanges, and institutions watch stablecoin reserve narratives because stablecoins are the&nbsp;<strong>settlement asset<\/strong>&nbsp;when volatility spikes.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">7)&nbsp;Circle&nbsp;and USDC are positioning for enterprise-grade adoption<\/h2>\n\n\n\n<p>If Tether represents global trading liquidity at massive scale,&nbsp;Circle&nbsp;(issuer of USDC) has been pushing a message built around&nbsp;<strong>regulated access and enterprise integrations<\/strong>.<\/p>\n\n\n\n<p>Circle\u2019s own USDC materials emphasize issuance through regulated affiliates and point to stablecoins as infrastructure \u201cpowering global finance.\u201d&nbsp;Market coverage has also highlighted Circle\u2019s roadmap framing around expanding stablecoin usage in payments and business workflows.&nbsp;<\/p>\n\n\n\n<p>The trend here is bigger than one issuer: stablecoins are increasingly being sold as&nbsp;<strong>B2B infrastructure<\/strong>\u2014cross-border settlement, treasury operations, and programmable payouts\u2014rather than only as \u201cexchange chips.\u201d<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">8) What professionals are watching next<\/h2>\n\n\n\n<p>Today\u2019s trend lines can be summarized as a split-screen:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin: deleveraging and macro repricing<\/h3>\n\n\n\n<p>Watch for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>liquidation pressure easing,<\/li>\n\n\n\n<li>ETF outflows stabilizing,<\/li>\n\n\n\n<li>funding markets normalizing,<\/li>\n\n\n\n<li>macro catalysts (rates, Fed expectations) calming down.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Stablecoins: regulatory acceleration + market share battles<\/h3>\n\n\n\n<p>Watch for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>licensing regimes (Hong Kong is moving first in March),<\/li>\n\n\n\n<li>U.S. stablecoin rules and the yield debate,<\/li>\n\n\n\n<li>reserve transparency and Treasury exposure narratives,<\/li>\n\n\n\n<li>competition between large-scale issuers and new \u201cregulated\u201d entrants.<\/li>\n<\/ul>\n\n\n\n<p>The central insight:&nbsp;<strong>stablecoins are becoming the strategic layer of crypto<\/strong>, while Bitcoin remains the volatility anchor. In a risk-off event, Bitcoin shows you where speculation is. Stablecoins show you where the&nbsp;<em>real<\/em>&nbsp;power structures are forming\u2014distribution, regulation, and trust.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/markets\/wealth\/crypto-market-volatility-triggers-25-billion-bitcoin-liquidations-2026-02-02\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"flex flex-col items-center gap-4 overflow-hidden pb-6\" href=\"https:\/\/www.reuters.com\/markets\/wealth\/crypto-market-volatility-triggers-25-billion-bitcoin-liquidations-2026-02-02\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/images.openai.com\/static-rsc-1\/D5YesloaYKTu1lorNMGY4yQLgQv_iYpvWI5Lfj4ddN_rAOdG3QNhFJIpZTmviRoqzzGaALJAypu8TExsnU3wtt4SSXkgJxJuz_GpzThYZ6buEk1LXSDgsoWC50_9B5EzuAl0XuJTIstTAtj4tKVJy9xyVcVyBGPxNfeO5prZaptdHLRZGtBlfj7LVUl0MGyPxXoTLngadZrOWFMOWAtXqSrLOA18nCycT3NHJgxo6QTKFURMu-ZUKX8ra_6z54oAnhbVU08AC5SKNM0ObCE-Ug\" alt=\"Crypto market volatility triggers $2.5 billion in bitcoin liquidations\"\/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.barrons.com\/articles\/bitcoin-price-xp-ether-crypto-today-725d31eb?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/hkma-issue-first-stablecoin-licenses-march-2026-02-02\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(HedgeCo.Net) Crypto\u2019s biggest story right now is not a new token, a new chain, or even a single exchange headline. It\u2019s the\u00a0relationship\u00a0between two core pillars of the market: Over the past 48\u201372 hours, those two pillars have been placed under [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":92801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16295],"tags":[16347,16312,16462,16572],"class_list":["post-92800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-crypto-and-bitcoin","tag-crypto-and-coinbase","tag-crypto-and-stablecoins","tag-crypto-and-tokens"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=92800"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92800\/revisions"}],"predecessor-version":[{"id":92805,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92800\/revisions\/92805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/92801"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=92800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=92800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=92800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}