#worldmarketnews $3 Billion Options Expiry: Roughly $3 billion in Bitcoin and Ethereum options expired on Deribit last Friday, contributing to heightened short-term price swings.
Institutional Moves: Despite the downturn, BlackRock and ARK Invest have been "buying the dip," with ARK purchasing $34 million in Robinhood shares and Binance completing a $1 billion BTC conversion for its SAFU emergency fund.
X (formerly Twitter) Trading: Elon Musk's platform is reportedly set to launch crypto and stock trading features within a "couple of weeks," which could act as a major retail catalyst.
Regulatory Updates:
India: The Union Budget 2026 introduced stricter penalties for inaccurate reporting of crypto transactions to ensure transparency.
China: Authorities reaffirmed a strict ban on all virtual currency-related activities, declaring them "illegal financial activities".
US: The GENIUS Act is moving forward in the Senate, aiming to establish a formal regulatory framework for stablecoins. $BTC
