Paradigm Session Recap - December 12, 2024 Spot is down, with BTC at $99,800 and ETH at $3,900 as of this writing. Rep. French Hill was elected Chair of the House Financial Services Committee. In 2023, as Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion, Hill introduced a discussion draft on digital asset regulation. The BTC term structure steepened slightly, with fronts now at 53v and backs at 61v. Call skew increased but then retraced. Flows were mixed, featuring BTC rolling and ETH OTM call spread buying. Feb/Mar 70k puts were also bought.