Approximately 34K BTC and 220K ETH options expired today with max‑pain at $118K for BTC and $4.25K for ETH. BTC short‑tenor IVs remain above 35% while ETH short‑tenor IVs are above 80% with markets re‑pricing near‑term volatility.
BTC ETFs logged a 5th straight outflow day (‑$194 million) while ETH ETFs saw +$288 million (led by BlackRock’s ETHA). This rotation favors ETH despite broader de‑risking.
Largest BTC liquidation cluster lies between $114.7K - $115K with near-term support at $111.2K and deeper support at $109.4K - $107.6K.
Institutional players waiting on a clean SEC-CFTC jurisdictional line now have a handful of legislative days left before the bill's fate slides to September at the earliest.
BSTBL tokenizes an existing $6.1 billion Treasury fund while BRSRV launches fresh, giving BlackRock the widest tokenized cash lineup among rivals racing to bank stablecoin reserves under the GENIUS Act.
The South Korean exchange's new roadmap doubles as a public accounting of the compliance failures, including a $43 billion Bitcoin misallocation, that have twice pushed its listing back already.
A hawkish Fed hold flipped Deribit's order book from calls to puts within a day, and a Coldcard firmware flaw that first looked like a $38 million theft has grown past $114 million as a fourth, still-unconfirmed wave of sweeps continues.
