[News Brief] Jul 10, morning | $1.907 Billion in Bitcoin and Ethereum Options Expire Today

$1.907 Billion in Bitcoin and Ethereum Options Expire Today

According to Deribit data, Bitcoin and Ethereum options worth about $1.907 billion will expire today at 16:00.

The notional value of BTC options is დაახლოებით $1.43 billion, with a put/call ratio of 0.98 and a max pain price of $62,000.

The notional value of ETH options is about $237 million, with a put/call ratio of 1.21 and a max pain price of $1,700.

Short-term volatility may increase around major strike prices before and after the options expiry.

U.S. Spot Bitcoin ETFs See $95.3 Million in Net Outflows; Ethereum ETFs Lose $52.08 Million

According to Wu Blockchain, U.S. spot Bitcoin ETFs recorded total net outflows of $95.3 million on July 9 (U.S. Eastern Time).

On the same day, spot Ethereum ETFs also posted net outflows of $52.08 million, ending a five-trading-day streak of net inflows.

BitMine-Linked Address Buys Another 20,500 ETH From Galaxy Digital

Odaily, citing Lookonchain monitoring, reported that a wallet believed to be linked to Tom Lee-led BitMine bought another 20,500 ETH from Galaxy Digital around six hours ago.

The purchase was valued at about $35.92 million. BitMine has previously drawn market attention for its Ethereum accumulation activity.

Public Companies Bought 110,000 BTC in Q2 2026

Bitcoin Magazine reported that public companies purchased 110,000 BTC in the second quarter of 2026.

As a result, total corporate Bitcoin holdings surpassed 1.26 million BTC, representing more than 6% of Bitcoin's total supply.

Polymarket Begins Regulatory Approval Process to Offer Margin Trading in the U.S.

Polymarket has begun the regulatory approval process to offer margin trading in the United States. If approved, users would be able to participate in prediction market trading with less upfront capital.

According to PANews, citing Bloomberg, Polymarket submitted an application for futures commission merchant registration to the National Futures Association through its affiliate, Coming Home GBA LLC.

To offer non-fully collateralized trading, approval under relevant Commodity Futures Trading Commission rules is also required. Polymarket confirmed that it has submitted the license application.

Margin trading is considered an important factor in attracting institutional investors. Kalshi previously obtained a futures commission merchant license earlier this year and launched perpetual contracts, with trading volume surpassing $5.5 billion within two weeks.

If the application is approved, Polymarket users would need to complete additional identity verification procedures, including submitting employer information.

Ethereum Foundation Dissolves Protocol Support Team

The Ethereum Foundation announced that its Protocol Support Team has been dissolved.

According to PANews, the team disclosed the dissolution on X. The team had been responsible for coordinating Ethereum protocol development, organizing core developer meetings, tracking network upgrades, and supporting the progress of Ethereum Improvement Proposals (EIPs).

Hyperliquid and Phantom Urge CFTC to Reform Rules for On-Chain Trading Infrastructure

Hyperliquid and non-custodial wallet provider Phantom submitted comment letters to the U.S. Commodity Futures Trading Commission calling for regulatory reform of on-chain trading infrastructure, Odaily reported.

They argued that current CFTC rules are designed for traditional financial systems centered on centralized intermediaries and are not suitable for DeFi. They proposed that developers of on-chain trading protocol software should not be required to register as exchanges or clearinghouses, and that non-custodial wallet frontends should not have to register as introducing brokers.

They also added that regulated entities should be allowed to use blockchain to carry out trading and clearing functions. Previously, the CFTC and the U.S. Securities and Exchange Commission requested industry feedback in June regarding regulations affecting financial innovation.

HSBC Issues Blockchain-Based Digital-Native Structured Product in Hong Kong

HSBC has issued a blockchain-based digital-native structured product in Hong Kong. Unlike traditional securities that are digitized after issuance, this product was processed on blockchain from the issuance stage.

According to PANews, citing The Defiant, the product was issued privately in the form of a U.S. dollar-denominated bond. Marketnode served as the tokenization agent and digital settlement agent, managing settlement flows between the issuer and investors.

HSBC did not disclose the issuance size, underlying asset, maturity, number of investors, or blockchain used. Previously, HSBC participated in the Monetary Authority of Singapore's Project Guardian with Marketnode and OCBC, where it submitted a case involving the issuance of a digital-native structured bond.

BitGo to Launch Quantum-Security Tool for Institutional Bitcoin Wallets Within Weeks

According to Odaily, digital asset custody platform BitGo said it will launch a quantum-security tool for institutional Bitcoin wallets in the coming weeks.

BitGo said the tool is focused on helping institutional clients assess, manage, and mitigate quantum computing risks related to UTXO wallets.

The new tool adds wallet key exposure management and UTXO optimization features on top of BitGo's multisignature security architecture. It also includes a UTXO grouping method designed to reduce security risks that may arise during certain fund-spending processes, a method for which a provisional patent has been filed.

Binance to List GEVUSDT, VRTUSDT, SNOWUSDT, and APPUSDT USDT-M Perpetual Futures

Binance will sequentially list GEVUSDT, VRTUSDT, SNOWUSDT, and APPUSDT USDT-margined perpetual futures contracts from 17:30 to 17:45 KST on July 10.

According to Odaily, the contracts will offer up to 25x leverage and support Multi-Assets Mode. Funding fees will be settled every eight hours.