Following a decline in implied volatility for Bitcoin (BTC) and Ethereum (BTC) in June, traders on crypto derivatives exchange Derive.xyz are positioning for a sharp price move in July. Despite global...

Following a decline in implied volatility for Bitcoin (BTC) and Ethereum (BTC) in June, traders on crypto derivatives exchange Derive.xyz are positioning for a sharp price move in July. Despite global events like the Middle East conflict, which caused temporary volatility spikes, the market anticipates limited fallout. While Bitcoin's options market shows a balanced outlook, Ethereum is seeing stronger bullish momentum, with nearly 80% of July call options above $3,000. Experts suggest that Ethereum's potential breakout could be supported by real-world use cases, while Bitcoin's options market remains coiled for a decisive move, according to The Block.

Analysis: Traders bet on bullish breakout for BTC and ETH in July

In Washington, seemingly unrelated events often intertwine at a deeper level, outlining a grand strategic landscape. In early July, while public attention was focused on the "Independence Day gift" for President Trump—a massive fiscal bill dubbed the "One Big Beautiful Bill" (OBBB)—another quieter but equally profound revolution was quietly brewing on Capitol Hill: a series of legislative proposals targeting digital assets were being placed on the agenda at an unprecedented pace.
These two seemingly parallel tracks—one radical...

The Big and Beautiful Act passed, and the printing presses roared: Crypto assets’ “American moment” is coming

FTX's bankruptcy proceedings have stirred up new waves. On the 4th, creditor representative <Sunli> revealed that investors from 49 restricted jurisdictions might be excluded from compensation lists due to local regulations, with the majority of creditor value originating from China.

Restricted Countries Face Potential Disenfranchisement

<Sunli> stated:
In the 49 jurisdictions, 5% of claims belong to "restricted countries", with up to 82% of creditor value coming from China.

The reasons stem from local legal provisions:
1. Cryptocurrency trading is not permitted
2. Domestic cryptocurrency distributors are not allowed.

Because...

FTX liquidation leads to legal dispute, Chinese users may lose compensation eligibility?

Selling FTX debt rights through third-party platforms has become the main way for Chinese users to recover funds.