Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, analyst says options and derivatives will take Bitcoin to $10 trillion market cap, Vitalik Buterin has opposed the EU’s proposed Chat Control law, warning it undermines digital privacy and creates surveillance backdoors, and an analyst predicts that several spot Solana staking ETFs may receive approval in the coming weeks.
Bitcoin (BTC) options contracts and other financial derivatives will drive the Bitcoin market capitalization to at least $10 trillion, according to market analyst James Van Straten.
Van Straten said that options and other derivatives are a sign of market maturation. These instruments help to cushion the high volatility inherent in BTC and other digital assets. He wrote in an X post on Saturday:
Read more