According to the author, stablecoins have achieved $35 trillion in annual transaction volume and 30 million users, signaling a shift towards narrow banking that enhances crypto market liquidity and reduces systemic risks. US Congress is advancing legislation to regulate stablecoins, which could accelerate DeFi trading volumes and increase adoption of cryptocurrencies like BTC and ETH, creating new trading opportunities.

According to @GreeksLive, during a discussion with the Deribit Exchange team, significant insights were shared on Bitcoin's volatility markets and the recent shift in the United States government's stance towards Bitcoin and crypto regulations. These developments could impact trading strategies and market dynamics, as regulatory changes often influence market sentiment and volatility. Traders should closely monitor these regulatory updates to adjust their positions accordingly. Source: @GreeksLive.