Bitcoin is back over $66,000, leading to a general rise in major coins such as Ether, BNB, XRP, etc. Market sentiment has warmed up, with news of the United States encrypted market structure bill advancing on the one hand, and the risk bias driven by the Asian chip stock rebound on the other.
The bill's moving forward.
According to market news, United States President Trump has agreed to encrypt one of the key ethical provisions of the Market Structure Bill, and the statements have been presented to some Republicans in the Senate for discussion. This provision had previously been one of the main obstacles to the advancement of the bill in the Senate.
Clarity Act aims to establish a clearer regulatory division for digital assets, distinguishing between digital goods and securities. Under this influence, bitcoin rose in 24 hours by 3.5 per cent to over a month's height. The increase was even greater in the so-called Taifeng and BNB and XRP, with the CoinDesk DeFi Select index rising by 9% a day.
Futures hold has continued to rise.
Derivative data also indicate that the funds are revolving. Following the rise of Bitcoin since June 17th, the number of futures contracts that were unsettled increased from less than 750,000 to 770,000. The 24-hour cumulative trade differential adjusted for the unsettled contract is positive, indicating an increase in the number of active purchases.
Similar changes have occurred in the futures of the Ethers, but there has been a relatively limited increase in futures hold in XRP and SOL. The DOGE is another species with a significant increase in hold, although its 24-hour exchange margin is still negative, indicating that empty power still dominates.
Look at the increase in the trade.
Despite the high prices, the market has not completely turned to unilateral optimism. Bitcoin 30-day Implied Volatility Index BVIV stops down at price increases, indicating that some traders are still buying options to hedge. A similar situation is observed with respect to the overhang index.
In the Deribit options market, the peri-vision bias has eased, but the durations are still more expensive than the increase. This means that the market continues to maintain a defensive position while pursuing up and down. In the last 24 hours, bitcoin and the Taifeng saw-up options traded out.
Solana has a high level of monetization.
In addition to prices and derivatives, Solana ' s data in the field of real-world asset monetization are also of interest. In the second quarter, the amount of monetized assets in the Solana chain rose to $5.8 billion, an increase of 114 per cent in the ring and expansion over six consecutive quarters, driven mainly by monetized equities.
Over the same period, the global real-world asset monetization market, after the elimination of the stable currency, has grown to over $33 billion, a significant increase from about $12 billion a year ago. This reflects the increasing use of the chain-based asset distribution and trading infrastructure.