PANews reported on August 25th that according to Deribit, Bitcoin and Ethereum options with a total notional value of approximately $15 billion will expire this Friday. Bitcoin options have a notional value of $11.66 billion, a put/call ratio of 0.88, and a maximum price of $116,000. Put options account for a large portion of open interest, concentrated between $110,000 and $115,000, while call options are concentrated at higher price points, resulting in a wider spread of positions. Ethereum options have a notional value of $3.08 billion, a put/call ratio of 0.74, and a maximum price of $3,800. Positions are more balanced, with higher-strike call options showing significant OI, leaving room for upside. Deribit concluded that Bitcoin options expiration indicates continued demand for downside protection, while Ethereum appears more neutral. Combined with the signals released by Powell at the Jackson Hole meeting, this options expiration may help set the tone for the market in September.PANews reported on August 25th that according to Deribit, Bitcoin and Ethereum options with a total notional value of approximately $15 billion will expire this Friday. Bitcoin options have a notional value of $11.66 billion, a put/call ratio of 0.88, and a maximum price of $116,000. Put options account for a large portion of open interest, concentrated between $110,000 and $115,000, while call options are concentrated at higher price points, resulting in a wider spread of positions. Ethereum options have a notional value of $3.08 billion, a put/call ratio of 0.74, and a maximum price of $3,800. Positions are more balanced, with higher-strike call options showing significant OI, leaving room for upside. Deribit concluded that Bitcoin options expiration indicates continued demand for downside protection, while Ethereum appears more neutral. Combined with the signals released by Powell at the Jackson Hole meeting, this options expiration may help set the tone for the market in September.

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more