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Market turbulence continues as fresh scrutiny emerges over potential securities violations—specifically sections 9(a), 10b, and 10b-5. What's raising eyebrows now? A major player who previously faced regulatory heat is rolling out their own Bitcoin derivatives platform. The timing couldn't be more ironic: launching derivative products right after market-moving controversies involving the very same regulatory frameworks. Some see this as bold innovation in the crypto space, while others question whether this accelerates concerns about compliance and market manipulation. Either way, the BTC derivatives landscape just got more complicated, and regulators are likely watching closely.