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ChainCatcher reported that, according to observations from a certain exchange's research institute, approximately $2.1 billion worth of BTC and ETH options will be settled collectively this Friday. Meanwhile, BTC and ETH IV have fallen back to 43% and 60% respectively, indicating that the market's pricing for short-term volatility is cooling down. Looking at the 25-Delta skew trend for BTC over the past week, the skew across different maturities has generally rebounded with negative values converging, reflecting a moderation in the market's pricing of downside risk. ETH skew remains negative overall but continues to converge. At the same time, the largest block trade in the market was: buying BTC-300126-100000-C, with a total transaction of approximately 3,225 BTC and a net premium expenditure of about $3.05 million, indicating that mainstream funds are more inclined to build bullish structures above key support levels.

 U.S. Representative Marjorie Taylor Greene recently publicly stated that she voted against the GENIUS Act, arguing that the bill hands over stablecoin regulatory authority to banks and federal agencies while opening a backdoor for central bank digital currencies (CBDCs). Instead, she supports the CLARITY Act, believing that the bill protects the self-custody rights of crypto assets and prevents third parties from freezing or seizing personal assets.

U.S. lawmakers are expected to advance legislation regarding crypto market structure in early January 2026. (Cointelegraph)