Bitcoin held steady near $80,900 ahead of President Donald Trump's talks with Chinese President Xi Jinping in Beijing, with the CoinDesk 20 Index rising 1.3%. The discussions are expected to cover tariffs, rare earths, and the Middle East. Derivatives data shows rising open interest (OI) in BNB, DOGE, and ether, with BNB OI hitting a one-month high and ether OI nearing record levels. However, negative cumulative volume delta (CVD) for most altcoins suggests lingering caution and seller dominance via market orders. Implied volatility for bitcoin and ether remains near year-to-date lows, indicating traders are not pricing in major near-term turbulence. Meanwhile, the DeFi United initiative advances recovery from the Kelp DAO exploit, with Phase 1 including burning unbacked rsETH and liquidating exploiter positions. A separate legal process is ongoing for 30,765 ETH frozen by Arbitrum's Security Council.

Key facts

• Bitcoin steady near $80,900 ahead of Trump-Xi talks on tariffs and Middle East.
• BNB, DOGE, ether see rising open interest; BNB OI highest since April 3.
• Negative CVD for most altcoins indicates lingering caution from sellers.
• Implied volatility for BTC and ETH near year-to-date lows, calm market.
• DeFi United completes Phase 1 recovery from Kelp DAO exploit; legal process ongoing.

KeyAudit data perspective