Block Scholes Research

Block Scholes Research

CME Sets June Launch for Bitcoin Volatility Futures

BTC reclaimed the $82K level for the first time since January 2026 as easing US–Iran tensions helped lift risk sentiment, alongside fresh all-time highs in US equities, with the S&P 500 up 0.81%.

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Thahbib Rahman, Catherine (Block Scholes), and Tazmina
May 06, 2026
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Block Scholes is an FCA-regulated institutional crypto derivatives analytics platform. Live data, IV surfaces, and backtesting available via blockscholes.com.


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In Today’s Note

  • Macro risk sentiment improved as BTC held above $80K, US equities pushed to fresh highs, and oil eased after US officials signalled that offensive operations against Iran had ended and Project Freedom was paused.

  • Stablecoin and tokenisation infrastructure continues to scale, with SoFiUSD expanding to Solana, State Street and Galaxy launching a tokenised liquidity sweep fund, and Securitize, Jump and Jupiter bringing regulated tokenised equities fully onchain.

  • Regulatory and market-structure tensions remain in focus, as US banks push back against stablecoin-yield loopholes, CME prepares Bitcoin volatility futures, and Strategy signals it may selectively sell BTC to fund preferred-stock dividends.


Market Snapshot: Overnight Moves


Macro & Markets

  • BTC has held up above $80K over the past 24 hours after signs of easing tensions between the US and Iran lifted risk-sentiment, with BTC currently trading above $82K - for the first time since Jan 2026.

  • The S&P 500 and Nasdaq-100 both continued their march to new all-time highs, closing 0.81% higher and 1.31% higher respectively.

  • Meanwhile, Brent crude oil prices eased below $107 a barrel.

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