Bitcoin Faces $13.3B Monthly Options Expiry as BTC Trades Well Below Max Pain

[Analysis Suggests the Federal Reserve May Cut Rates by an Additional 150 Basis Points Next Year] Joachim Klement, an investment strategist at the UK-based independent investment bank Panmure Liberum, stated that the Federal Reserve has recently been oscillating between 'dovish' and 'hawkish' stances, leaving investors uncertain about the prospects of aggressive rate cuts in the U.S. next year. However, the Federal Reserve faces political pressure to rapidly ease policy, and if the U.S. economy slows significantly, substantial rate cuts could become a response measure. Analysis suggests that the Federal Reserve may cut rates by an additional 150 basis points next year.

[The Fed's rate cut expectations impact gold and silver trends, the dollar approaches the 100 mark] The Fed's rate cut expectations continue to influence the market, with international spot gold and silver prices rising, and the dollar index approaching the 100 mark. In addition, Japanese authorities may face the risk of headwind intervention.

[China Asset Management (Hong Kong) to Launch Secondary Market Tradable Tokenized Fund] China Asset Management (Hong Kong) plans to bring more traditional assets on-chain and is currently exploring the tokenization of long-duration bonds, equity strategies, and other diversified strategy products. It aims to launch tokenized funds that can be traded in the secondary market, enabling nearly round-the-clock trading of fund shares. Additionally, China Asset Management (Hong Kong) disclosed that the total scale of tokenized money market funds denominated in HKD, USD, and RMB has reached HK$5.3 billion.

Bitcoin recaptured $87,000 on Tuesday as improving risk appetite and a strong equities session helped lift major altcoins.

[UAE's New Law Brings DeFi Under Regulation, Maximum Fine Up to $272 Million] The UAE's 'Federal Decree No. 6' brings decentralized finance (DeFi) and Web3 projects under regulation, requiring platforms that provide payment, trading, lending, custody, or investment services to obtain a license from the UAE Central Bank. The law will take effect on September 16, 2025, with violators facing a maximum fine of 1 billion dirhams (approximately $272 million) and potential criminal penalties. Legal experts noted that the regulation does not prohibit individuals from using self-custody wallets but expands regulatory oversight for businesses. Project teams must complete compliance adjustments before the transition period ends in September 2026.