According to @KookCapitalLLC, Bitcoin (BTC) is rebounding strongly towards $110,000, trading around $109,500 for a 3.5% gain, its highest level since June 11. The rally is supported by broader risk-on sentiment following a U.S.-Vietnam trade deal and the successful launch of the REX-Osprey Solana + Staking ETF (SSK), which saw $20 million in first-day volume, according to Bloomberg analyst Eric Balchunas. However, K33's head of research, Vetle Lunde, warns that July could be highly volatile due to several U.S. policy events, including an expansionary budget bill and a deadline for a crypto executive order. Lunde notes that since crypto market leverage remains contained, a massive deleveraging is unlikely, favoring a patient spot exposure strategy. In other major developments, Polygon (MATIC) co-founder Sandeep Nailwal has taken over as CEO of the Polygon Foundation to spearhead a strategic shift towards its AggLayer protocol while retiring the zkEVM, according to a team press release. The Ethereum Foundation also announced a new treasury policy, capping annual operational expenses at 15% to ensure long-term sustainability, as detailed in a recent blog post.