According to DOJ, a U.S. court sentenced Chinese national Jingliang Su to 46 months in prison for laundering over $36.9 million from a crypto investment scam that targeted 174 U.S. victims. Su helped move funds from fake trading platforms, converting them into USDT and

Derivatives Drove the Collapse Options open interest at $38.7B, $8.4B expiring month-end. Put/Call ratio 0.54, max pain $90K, clustering at $100K. Capital stayed but risk shifted. Once support broke, hedges triggered and downside accelerated. Options exposure capped upside,