The global cryptocurrency market cap now stands at $2.6T, up by 0.28% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $77,140 and $78,210 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $78,010, up by 0.54%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ORCA, ZBT, and ENSO, up by 86%, 30%, and 30%, respectively. BTC Holds $78K as Trump Pushes the CLARITY Act Amid Bank Pushback and IBIT Options OI Tops Deribit in Institutional ShiftBlackRock's IBIT surpassed Deribit in options open interest for the first time, with call options targeting $109,709 BTC — a 41% premium to current levels — and average maturities running two months longer than native crypto venues. Bitcoin itself is trading near $78,010, rangebound but stable, while Trump's Mar-a-Lago crypto summit signals that legislative momentum for a regulatory framework may be returning. Institutional conviction is deepening even as the broader market treads water.Trump Advocates for Crypto Regulation Amid Banking Concerns Key Takeaways:White House opposition to banking lobbyMainstream crypto regulatory frameworkHigh-profile industry attendance at Mar-a-LagoSummary:U.S. President Donald Trump publicly backed the Digital Asset Market Clarity Act at a private Mar-a-Lago event, pledging that the White House would not allow banking lobbyists to obstruct the legislation designed to create a regulatory framework for cryptocurrencies and stablecoins. The event drew prominent crypto industry figures including Tether CEO Paolo Ardoino, Ark Invest's Cathie Wood, and Anchorage Digital CEO Nathan McCauley, alongside hundreds of major TRUMP meme coin holders. Trump's remarks signal a firm executive stance in favor of crypto legislation at a time when U.S. banks have raised concerns that stablecoin reward mechanisms could undermine traditional deposit businesses. The development suggests the legislative process may regain momentum after those banking-sector objections had temporarily slowed its progress. Aave Announces Recovery Fund for rsETH Asset Support Key Takeaways:Recovery fund targeting rsETH asset restorationKelpDAO and LayerZero technical partnership confirmedDAO governance votes pending across multiple chainsSummary:Aave has announced the formation of a recovery fund, backed by ecosystem partners and service providers, to restore full asset support for rsETH following disruptions affecting users on the platform. The initiative is contingent on pending Aave DAO governance votes across multiple networks including Arbitrum, with implementation proceeding upon successful execution of those proposals. Aave has secured a technical agreement with KelpDAO and LayerZero to execute the required recovery steps, signaling a coordinated cross-protocol response to maintain DeFi ecosystem stability. A detailed recovery plan outlining user operation steps and further updates is expected to be released in the near term. BlackRock's IBIT Options Open Interest Surpasses Deribit for the First Time, Accelerating Bitcoin's Institutionalization Process Key Takeaways:IBIT OI reaches $27.61B, surpassing DeribitBullish bets targeting $109,709 BTC priceLonger maturity signals institutional long-term convictionSummary:BlackRock's Bitcoin spot ETF IBIT recorded $27.61 billion in options open interest on Friday, surpassing Deribit's $26.9 billion for the first time and marking a significant milestone in Bitcoin's integration into regulated financial markets. Call options on IBIT predominantly target a short-term Bitcoin price of $109,709 — approximately 41% above the current level of around $77,400 — while Deribit participants project a more modest near-term target of $106,000. Notably, IBIT options carry an average maturity roughly two months longer than those on Deribit, reflecting a stronger long-term bullish bias among institutional investors in the U.S. regulated market. The data collectively underscores an accelerating institutionalization trend, as traditional finance participants increasingly drive Bitcoin derivatives activity alongside native crypto venues. Litecoin Addresses Zero-Day Vulnerability Leading to DoS Attack Key Takeaways:Zero-day DoS vulnerability disclosed and patchedNetwork security restored post-attackUsers urged to update to latest versionSummary:Litecoin disclosed a zero-day vulnerability that was actively exploited to carry out a denial-of-service attack, causing temporary disruptions to network operations. The Litecoin development team responded swiftly, identifying and resolving the issue to restore normal network functionality. The incident highlights ongoing security risks facing blockchain networks, where unpatched vulnerabilities can be weaponized to disrupt operations. Users and node operators are advised to update their systems to the latest version to mitigate exposure to any residual or related attack vectors. Ethereum Foundation Unstakes $48.9 Million Worth of ETHKey Takeaways:$48.9M ETH unstaking initiatedLido unstETH contract withdrawal pendingPotential sell pressure on ETH marketSummary:The Ethereum Foundation has initiated the unstaking of approximately $48.9 million worth of ETH by depositing WSTETH into Lido's unstETH contract, with the corresponding ETH to be released upon completion of the unlocking process. On-chain data platform Arkham flagged the transaction, drawing attention from market participants tracking large institutional movements. The move adds a degree of uncertainty to ETH price dynamics, as observers await confirmation of whether the foundation intends to sell the unlocked tokens. A large-scale sale by the Ethereum Foundation could introduce notable sell pressure, making the resolution of this unlock a closely watched event in the near term. Market movers:ETH: $2332.07 (+0.63%)BNB: $630.75 (-1.01%)XRP: $1.4278 (-0.37%)SOL: $86.54 (-0.06%)TRX: $0.3239 (+0.43%)DOGE: $0.09846 (+0.07%)WBTC: $77819.34 (+0.57%)U: $0.9997 (+0.01%)XAUT: $4692.52 (-0.11%)BCH: $453.2 (-0.31%)