The EU&#8217;s shift towards defensive trade policies with China may spur increased 
interest in alternative assets amid potential market volatility.
The post European Commission vows tougher action on trade with China, calling 
relationship &#8216;not sustainable&#8217; appeared first on Crypto Briefing.

The EU&#8217;s shift towards defensive trade policies with China may spur increased interest in alternative assets amid potential market volatility. The post European Commission vows tougher action on trade with China, calling relationship &#8216;not sustainable&#8217; appeared first on Crypto Briefing.

European Commission vows tougher action on trade with China, calling relationship ‘not sustainable’

AI-driven demand for capacitors could extend industry growth cycles, impacting 
global supply chains and investment strategies significantly.
The post Goldman Sachs predicts surge in capacitor stocks driven by AI demand 
appeared first on Crypto Briefing.

AI-driven demand for capacitors could extend industry growth cycles, impacting global supply chains and investment strategies significantly. The post Goldman Sachs predicts surge in capacitor stocks driven by AI demand appeared first on Crypto Briefing.

Goldman Sachs predicts surge in capacitor stocks driven by AI demand

On-chain data shows large wallets on the Ethereum network have continued to 
accumulate despite the price decline that the asset has faced. Ethereum 
Holders With At Least 100,000 ETH Now Control 22% Of Supply According to data 
from on-chain analytics firm Santiment, the Ethereum investors owning at least 
100,000 ETH have been accumulating recently. At the current exchange rate, 
this 100,000 ETH cutoff converts to nearly $200 million, so the only holders 
that would qualify for the cohort would be the big-money ones. Related 
Reading: Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017 In 
fact, the sums held by members of this group are so significant that they 
would be classified as large even among the whales, the popular cohort for 
classifying influential investors. Now, here is a chart that shows the trend 
in the total supply held by these Ethereum mega whales over the last few 
months: As displayed in the above graph, the Ethereum investors with 100,000+ 
ETH have collectively added a net amount to their holdings since the start of 
May. Interestingly, this trend of accumulation has maintained despite the 
bearish turn that the market has taken in the second half of this month. From 
the chart, it&#8217;s visible that these humongous ETH investors now hold a total of 
17.41 million tokens, the highest in around nine weeks. In supply percentage 
terms, their holdings occupy a share of 22.03%, which is a 10-week high. The 
fact that the massive Ethereum whales have been adding to their holdings 
recently can naturally be a positive sign for the cryptocurrency, but 
something to keep in mind is that the supply of this group has still followed 
an overall decline since Q4 2025. Considering this, it only remains to be seen 
whether the current trend will continue for long enough to reverse this 
drawdown. Related Reading: Crypto Faces Nearly $1 Billion In Liquidations As 
Bitcoin, Ethereum Crash In related news, on-chain analytics firm CryptoQuant 
has also shared some data related to large holders, this time for the Bitcoin 
network. As is apparent in the graph on the right, the Bitcoin whales saw 
their supply go up during January and February, but since then, their 30-day 
supply change has dropped off to neutral levels. At the same time, the smaller 
dolphin group (displayed on the left) has also been pulling back on its 
accumulation. &#8220;Historically, when both cohorts stall simultaneously, sustained 
price weakness tends to follow,&#8221; explained CryptoQuant. ETH Price Following a 
drop of more than 6% over the past week, Ethereum has found itself back under 
the $2,000 level for the first time since late-March. Featured image from 
Dall-E, chart from TradingView.com

On-chain data shows large wallets on the Ethereum network have continued to accumulate despite the price decline that the asset has faced. Ethereum Holders With At Least 100,000 ETH Now Control 22% Of Supply According to data from on-chain analytics firm Santiment, the Ethereum investors owning at least 100,000 ETH have been accumulating recently. At &#8230;

Ethereum Price Falls, But Whales Push Holdings To 10-Week High

The new sanctions may complicate US-Iran diplomacy, potentially escalating 
regional instability and affecting future negotiations.
The post US imposes new sanctions on Iran amid regional tensions appeared 
first on Crypto Briefing.

The new sanctions may complicate US-Iran diplomacy, potentially escalating regional instability and affecting future negotiations. The post US imposes new sanctions on Iran amid regional tensions appeared first on Crypto Briefing.

US imposes new sanctions on Iran amid regional tensions

Anchorage Digital says Bitcoin covered-call strategies can generate synthetic 
yield for BTC holders, but only when managed with strict discipline. The 
firm’s new research warns that selling upside on Bitcoin can cushion drawdowns 
in weaker markets, yet cap gains sharply when BTC enters one of its violent 
bull-market phases. The analysis, written by Anchorage Digital Head of 
Research David Lawant, examines systematic covered-call writing on Bitcoin 
using hourly simulations across the Deribit implied-volatility surface. 
Anchorage said the study includes more than 37,000 individual backtests across 
every possible entry point in its October 2021 to April 2026 dataset, making 
it one of the more detailed attempts to define where BTC options income works 
and where it breaks. Anchorage Puts Bitcoin Yield Strategy To The Test 
Anchorage argues that Bitcoin options have moved from a niche derivatives 
segment into an institutionally relevant market. Notional BTC options open 
interest has grown roughly ten-fold over the past five years, briefly rising 
above $100 billion at the end of 2025 before sitting around $60 billion in the 
study. That level, the paper notes, is above the open interest of the entire 
BTC futures market. Related Reading: Bitcoin’s Famous CME Gap Playbook May Be 
Nearing Its End IBIT options have also changed the structure of the market. 
Launched in late 2024, they have grown quickly enough to rival Deribit as a 
leading venue for BTC options open interest and trading activity. For 
Anchorage, that means the market institutions are evaluating today is deeper, 
more accessible and materially different from the one that existed 18 months 
earlier. The research centers on Bitcoin’s volatility risk premium. Anchorage 
compares 25-delta call implied volatility with subsequent realized upside 
volatility over the next 21 trading days for BTC, SPY and QQQ. BTC’s upside 
volatility risk premium, according to the paper, has averaged roughly two to 
three times what the equity benchmarks delivered, with the gap persisting for 
most of the post-2024 period. That premium is the attraction. Covered calls 
allow BTC holders to collect option income while keeping exposure to the 
underlying asset up to a defined strike. The cost is just as important: if 
Bitcoin rallies through the strike, upside participation is capped. Anchorage 
frames this as the central tension in the strategy, not a footnote. A simple 
20-delta, 30-day covered-call strategy performed well in the most recent 
12-month window tested. From April 30, 2025 to April 30, 2026, it generated a 
net yield of 5.5% on the underlying BTC position while spot BTC fell 19.4%. In 
Anchorage’s simulation, the overlay offset almost a third of the BTC drawdown. 
The blended portfolio’s annualized volatility also fell from 40.6% to 35.0%, 
while maximum drawdown improved from 49.7% to 44.5%. But the full-cycle 
results were much less flattering. When the same unfiltered strategy was 
extended across the entire October 2021 to April 2026 period, it produced a 
negative yield of 0.5%, or minus 0.1% annualized. That happened despite a 
favorable win/loss ratio of 4.38 to 1, with 57 winning trades against 13 
losing ones. Anchorage describes the problem as “picking up pennies in front 
of a steamroller.” The steamroller is Bitcoin’s tendency to stage sustained, 
autocorrelated rallies. During the late 2021 cycle peak, the 2023–2024 move 
from roughly $16,000 to more than $70,000, and the 2025 bull market that 
briefly pushed BTC above $100,000, short calls were repeatedly overrun as spot 
moved through strike prices. That is why the paper argues covered-call writing 
is an “active management strategy,” not a passive yield overlay. The 
unfiltered version sold calls regardless of regime. The disciplined version 
waited for better conditions. Anchorage tested a filter requiring BTC’s trend 
not to be strongly bullish, based on a 10-day, 30-day and 50-day moving- 
average stack, and requiring implied volatility to sit above its 90-day 
rolling average. On exit, the model used a 75% take-profit threshold, a delta 
stop-loss and a two-day buffer before expiry to reduce gamma risk. Related 
Reading: Cathie Wood Doubles Down On $1.25 Million Bitcoin Target The results 
changed materially. With those simple regime and implied-volatility filters, 
the covered-call contribution rose to 23.7% over the full period, or 5.2% 
annualized. The blended portfolio Sharpe improved from 0.20 to 0.30, but the 
strategy was in the market only 44% of the time. Anchorage’s parameter work 
also narrows the viable range. Deltas below 10 were consistent but too thin 
for many institutional mandates. Above 25-delta, directional exposure 
overwhelmed the strategy during BTC bull markets. Seven-day and 14-day 
expiries were structurally disadvantaged because BTC’s intraday volatility 
created stop-loss events before theta decay could do enough work. The paper 
identifies the productive corridor as 10- to 25-delta calls with expiries of 
at least 21 days. The strongest evidence came from the rolling-window 
analysis. At the one-year horizon, positive-yield rates across the productive 
corridor ranged from roughly 55% to 85%, showing meaningful regime 
sensitivity. At the three-year horizon, eleven of twelve configurations 
produced positive yield in at least 91% of rolling windows, with five reaching 
100%. Median annualized yields clustered between 4% and 6%. For BTC investors, 
the takeaway is not that covered calls are broken. It is that the strategy is 
highly path-dependent. In slow or falling markets, it can generate meaningful 
income. In powerful upside regimes, the same trade can leave holders watching 
Bitcoin rally while their upside has already been sold. At press time, BTC 
traded at $73,113. Featured image created with DALL.E, chart from 
TradingView.com

Anchorage Digital says Bitcoin covered-call strategies can generate synthetic yield for BTC holders, but only when managed with strict discipline. The firm’s new research warns that selling upside on Bitcoin can cushion drawdowns in weaker markets, yet cap gains sharply when BTC enters one of its violent bull-market phases. The analysis, written by Anchorage Digital &#8230;

Anchorage Warns Bitcoin Yield Trade Could Cap Gains If BTC Rips Higher

Britain&#8217;s political climate reveals a growing disconnect between reality and 
public discourse, urging urgent institutional reform.
The post Frank Wright: Political dissenters are labeled extremists, mainstream media excludes ordinary voices, and societal institutions are in decline | The Peter McCormack Show appeared first on Crypto Briefing.

Britain&#8217;s political climate reveals a growing disconnect between reality and public discourse, urging urgent institutional reform. The post Frank Wright: Political dissenters are labeled extremists, mainstream media excludes ordinary voices, and societal institutions are in decline | The Peter McCormack Show appeared first on Crypto Briefing.

Frank Wright: Political dissenters are labeled extremists, mainstream media excludes ordinary voices, and societal institutions are in decline | The Peter McCormack Show

European Commission vows tougher action on trade with China, calling relationship ‘not sustainable’

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