Bitcoin News Today: Bitcoin Volatility Drops to 36.5% as Structured Products Stabilize Market

Bitcoin’s 30-day implied volatility has fallen to 36.5%, a level last seen in October 2023, according to the Volmex BVIV index [1]. This decline is notable as Bitcoin’s price remains above $110,000, diverging from its historical pattern where price surges were often accompanied by high volatility [1]. Analysts suggest the reduced volatility may signal a shift in market dynamics, with the rise of structured financial products—such as out-of-the-money call options—contributing to a more stable environment [1]. This trend could indicate that Bitcoin is increasingly behaving like traditional financial assets, offering more predictable returns and less erratic swings [1].

Roman Storm, co-founder of the privacy-focused crypto mixing protocol Tornado Cash, was convicted on one charge of conspiring to operate an unlicensed money transmission business [2]. The Manhattan jury’s decision followed three days of deliberation, though it could not reach a verdict on more severe charges related to money laundering and sanctions violations [2]. Prosecutors had accused Storm of enabling criminal activity, including North Korea-linked hackers, to obscure the sources of stolen funds via the platform [2]. Storm’s defense argued that he had no control over the protocol’s usage and questioned whether operating open-source software qualifies as running a financial service [2]. The case has sparked broader debate within the crypto community, with civil liberties groups and major firms like Coinbase and the Electronic Frontier Foundation supporting Storm’s legal stance [2].

Bitcoin investment firm Parataxis Holdings is set to go public through a $400 million SPAC merger with SilverBox Corp IV [3]. The companies announced the deal on Wednesday, with Parataxis planning to list on the New York Stock Exchange under the ticker “PRTX” [3]. The firm has already raised $31 million to purchase Bitcoin ahead of the listing and aims to raise an additional $400 million post-merger [3]. Parataxis targets institutional investors, particularly pension funds and family offices, offering low-volatility yield strategies for Bitcoin holdings [3]. The firm is also expanding internationally, having acquired a South Korean biotech company in June, which will be rebranded as Parataxis Korea [3].

The developments reflect broader trends in the maturation of the cryptocurrency market, with increased institutional participation and regulatory scrutiny shaping key events. The SPAC offering, the legal outcome for Tornado Cash, and the shift in Bitcoin volatility all highlight the evolving relationship between crypto and traditional financial systems [1][2][3].

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[1] https://www.cryptocompare.com/email-updates/daily/2025/aug/07/