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Tatha Ghose from Commerzbank stated in a report that the Hungarian forint may reverse part of its gains as Prime Minister Májor Péter faces challenges in eliminating the political legacy left by his predecessor Orbán. Earlier, after Hungarian lawmakers voted to limit the prime minister’s term to eight years, thereby preventing Orbán’s return, the forint reached its highest level against the euro since September 2021. "However, over time, Májor will have to navigate a more challenging environment, which includes entrenched right-wing networks and the judicial system, making the process legally complex and time-consuming." The euro rose 0.1% to 349.52, after having fallen to 347.71 earlier. Commerzbank expects it will trade in the 350-360 range over the next quarter.

The Drift Protocol team is advancing the protocol restart, recalculating risk parameters for perpetual and spot markets. Initially, a conservative strategy will be adopted and gradually relaxed as TVL recovers. The open interest cap will be linked to liquidation capacity, vAMM pricing and spread logic will be optimized, funding rate mechanism volatility will be reduced, and legacy code will be removed to minimize the attack surface.

BlockBeats News, June 16th, according to Bloomberg, SpaceX (SPCX.O) options became one of the most actively traded instruments in the U.S. market on Tuesday, driving the company to surge 17% in early trading on its third day of trading. As of 10:35 a.m. New York time, the trading volume of SpaceX options has exceeded 600,000 contracts, making it the third-largest options trading target for any U.S. company. Chris Murphy, Co-Head of Derivatives Strategy at Susquehanna International, said, "Option volatility is significantly skewed to the upside, with investors willing to pay a higher price to participate in a further short squeeze after the company's IPO." According to Murphy's data, a key indicator of option demand, implied volatility, opened at a high level, with the three-month implied volatility reaching around 110% to 115% in early trading. The most actively traded options contract is a call option expiring on Thursday with a strike price of $220, with a trading volume of 25,000 contracts, equivalent to 2.5 million shares of stock. Jake Taylor, Head of U.S. Single Stock Options at Optiver, said, "Given the unusually high investor interest, we expect both institutional and retail investors to actively participate, and market trading activity and volatility will remain high as the market is still forming its valuation and outlook for the company."