FTX Offers Customers up to 90% Funds Return amid $9B Shortfall; California Passes Crypto Oversight Bill

FTX proposes returning up to 90% of customer funds, with preferences for those under $250K withdrawals. Total missing funds estimated at $9B.

Binance saw thinner bitcoin liquidity compared to rivals during Monday's volatility from false BlackRock ETF rumor.

California passes crypto licensing bill, to take effect in 2025. Gives state regulators oversight of industry.

Bitcoin options volume spikes at $30K strike amid rumor-driven volatility. Traders take bullish positions.

Edited by Sheldon Reback.