Thahbib Rahman
Research Analyst
Crypto markets stand firm despite continued tensions in the Middle East. BTC has rebounded to $107K, supported by $1.3B in BTC Spot ETF inflows last week, while ETH is up 4% on the day changing hands at $2,600. Short-tenor volatility smiles for BTC and ETH have seen a significant recovery from their firmly put commanding front-end skew, though still show a premium for downside protection. Brazil has introduced a flat 17.5% crypto tax while Bybit has announced a Solana-based hybrid DEX, Byreal.