Two data points cut through the noise today: Bitwise's Jeff Park reports that IBIT options open interest has overtaken offshore BTC derivatives for the first time, a structural shift he says sets up a volatility-driven rally led by regulated instruments. Meanwhile, Michael Saylor argued Bitcoin's ~38% annualised returns could theoretically support credit yields well above traditional assets like gold or real estate.
On the ETH side, an original 2015 ICO participant moved 10,000 ETH — worth $22.88M — after 10.8 years of dormancy, crystallising a 7,381x return on a $3,100 stake. The wallet's awakening coincides with Matt Hougan's view that Bitcoin is gaining safe-haven appeal as global volatility rises.
Elsewhere: Rep. Begich plans to revive the BITCOIN Act as the American Reserves Modernization Act (ARMA); a Czech National Bank study found a 1% BTC allocation raises expected portfolio…
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