It's Thursday, June 8th, 20203, and this is Markets Daily from CoinDisk.

I'm Adam U. Levine here again with your Daily News Roundup.

On today, we're talking Bitcoin, top headlines, and more.

And just a reminder, CoinDesk is a new source and does not provide investment advice.

Bitcoin and Ether are up compared to our show on Wednesday, but down on the day,

along with most other top traded tokens.

But broadly speaking, the U.S. Securities and Exchange Commission, or SEC's crackdown on cryptocurrency exchanges, Binance.U.S. and Coinbase have largely failed to spur

signs of disquiet among savvy Bitcoin traders. At least that's according to the options-based

implied volatility metrics that we hear about from the chart watchers. They tell us that that's a sign

that the lawsuits were expected and priced in. Quote, the biggest takeaway for me is everyone has been looking for a catalyst

to shock implied volatility back to life and see some sort of bid for longer dated options,

said Christopher Newhouse, an independent crypto derivative's trader. He continued, but I see little

evidence of that, which suggests players in the volatility market might be shrugging this off, end quote. Regulatory concerns have been prevalent since the

beginning of the year, and some market observers are saying that traders anticipated this and

priced in the SEC's action. Implied volatility, by the way, where IV is based on options data

and reflects investors' expectations for price turbulence over a specific period

of time. It's positively affected by demand for options, which are derivatives contracts that

offer the purchase of protection against bearish or bullish fluctuations. A call option, for example,

protects against rallies, while a put option protects against drops. Rising demand for options

and the resulting increase in implied volatility often reflects heightened

weariness in the market and the potential for increased price turbulence in either direction.

So far, though, Bitcoin's implied volatility has seen a muted rise at best.

...