Bitcoin traded near $64,700 on Friday, barely changed over the preceding 24 hours, while the broader CoinDesk 20 (CD20) index slipped 0.2% over the same period.

Brent crude climbed above $83 a barrel after Yemen's Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East. Gold extended its recovery, rising 1.5% to trade at $4,300 per ounce as investors sought safe-haven assets amid mounting uncertainty.

Treasury yields have seen a slight correction but remain at 4.67% for the 10-year note — a level that Fidelity's Director of Global Macro Jurrien Timmer said "history suggests that nothing good happens." Sustained higher oil prices could add to inflationary pressure, while elevated Treasury yields tighten financial conditions. Together, these forces could limit expectations for near-term rate cuts and weigh on bitcoin and other risk assets.

Derivatives Positioning

Long-short taker ratio: The crypto futures market's long-short taker ratio has returned to neutral after leaning bullish on Thursday, suggesting traders may be adopting a more cautious stance ahead of the U.S. payrolls report, the monthly labor-market release that shapes Federal Reserve rate-cut expectations.

CC token leads OI growth: Canton Network's CC token — the native asset of a privacy-focused blockchain infrastructure designed for institutional financial markets — is down 13% in 24 hours, yet its futures open interest (OI) has surged over 5%. The combination is said to validate the downtrend, especially as the 24-hour OI-adjusted cumulative volume delta (CVD) remains negative — indicating sellers are more aggressive by shorting futures via market orders rather than passive limit orders.

Open interest movers: DOGE, XRP, and SUI are open interest gainers, while SHIB has seen a drop.

CVD indicator: The CVD indicator paints a bearish picture for the broader market, as most major tokens (excluding ADA, HBAR, and ETH) show negative CVD readings.

Volatility indexes: The BVIV index, representing BTC's annualized 30-day implied volatility, remains near a long-held floor of 36%, showing little signs of stress despite the Clarity Act delay and the impending U.S. jobs report. The same holds true for ether's volatility index (EVIV).

Options activity: In Deribit-listed options, puts (bearish bets) at the $60,000 and $62,000 strikes dominate the 24-hour volume rankings for BTC, while the $2,000 call is the most popular contract for ETH.

Token Talk: Sui Adds Quantum-Resistant Security

Sui is adding quantum-resistant security to its accounts, integrating two post-quantum signature schemes approved by the U.S. standards body NIST, according to The Block. The upgrade lets users optionally adopt quantum-safe keys derived from their existing recovery phrases, meaning nobody needs to generate a new seed or move funds to a new address to be protected.

The threat Sui is guarding against is specific to cryptocurrency. In most systems, an attacker must first breach the system before targeting a key. On-chain, however, the public key is exposed permanently the moment an account transacts — opening the door to a "harvest-now, forge-later" strategy, where attackers collect exposed keys today and crack them once quantum computers become powerful enough to run Shor's algorithm, the technique that could break the elliptic-curve cryptography securing most wallets. Notably, no quantum hardware is required to begin collecting keys.

Sui is deploying two schemes targeting two risk levels. ML-DSA-65 covers everyday accounts at the protocol level, while the hash-based SLH-DSA-SHA2-128s runs inside Move smart contracts — Sui's native programming language originally developed by Meta for its Diem project — for high-value vaults. The two rest on different mathematical foundations, so a weakness discovered in one would not compromise the other. Sui opted for a higher security tier following a July incident in which an AI model halved the effective strength of a different post-quantum candidate — a reason to carry margin rather than choose the cheapest option.

The addition is a feature upgrade rather than a rebuild. Sui says it was designed for "cryptographic agility," meaning new signature schemes slot in without touching consensus or existing balances, so the update ships as a routine protocol change. That contrasts with bitcoin and ethereum, where quantum-proofing represents a heavier technical lift. The rollout lands the same month that Strategy and BlackRock formed a consortium to prepare bitcoin for the same quantum threat.

SUI traded around [X], per CoinDesk data.