ChainCatcher news, Bybit and BlockScholes have joined forces to release the "Cryptocurrency Derivatives Analysis Report." The report indicates that after the sell-off in June, the cryptocurrency market has seen a significant rebound, particularly with notable signs of recovery in both options open interest and yields. As the market grows increasingly optimistic about the prospect of Trump returning to the White House, along with his supportive policies towards cryptocurrencies, this rebound phenomenon has been referred to by the market as the "Trump Trade."

ChainCatcher news, according to CoinDesk, the Commodity Futures Trading Commission (CFTC) proposed on Friday to formally ban event contracts that bet on the outcomes of political activities, with three out of five commissioners in favor of the proposal. The public will have 60 days to comment on the potential rules.Currently, prediction platforms such as PredictIt, Polymarket, Zeitgeist, and Kalshi offer users the ability to purchase contracts related to the outcomes of actual events, including elections and policy-making.