Kalshi Challenges Minnesota’s Prediction Market Ban
Kalshi sued Minnesota to block SF4760, a felony ban on prediction markets. The CFTC filed its own suit, challenging state overreach into federal regulation. Legal
CFTC
Hyperliquid Surges to $67 CFTC Opens Market
HYPE token hits $67.24 after CFTC approves the first U.S. perpetual futures contract, with a spot ETF decision pending from SEC. #Update #Crypto
Clarity Act Sparks Oversight Regulation Concerns
Klein warns that expanding the CFTC’s authority under the Clarity Act could lead to ineffective regulation without adequate resources, risking repeat failures in crypto oversight. #Update #Crypto
Coinbase Launches US Crypto Derivatives Market
Coinbase (@coinbase) launches U.S.-regulated access to global crypto derivatives, targeting a $31 billion bitcoin options market. Institutional onboarding begins with plans for retail later. #Update #Crypto
Bitcoin Perpetual Approved by CFTC
The Commodity Futures Trading Commission (CFTC) approved KalshiEX LLC’s BTCPERP, the first regulated bitcoin perpetual contract in the U.S., establishing a framework for onshoring crypto derivatives.
CFTC Sues Minnesota Over Prediction Market Ban
@Kalshi has filed a federal lawsuit against Minnesota’s new law criminalizing prediction markets, claiming it violates the Supremacy Clause and First Amendment rights. #Update #Legal $USDT
Ethereum: ICE Explores Hyperliquid Collaboration
ICE CEO Jeff Sprecher praises Hyperliquid, calling it bigger than Nasdaq; potential collaboration discussed amid regulatory concerns over its oil trading volume. #Update #Crypto
CFTC Sues Rhode Island Over Prediction Markets
The CFTC sues Rhode Island to prevent state gambling laws from regulating federally registered prediction markets, intensifying a jurisdictional battle over event-contract platforms. Legal
CFTC Prediction Market Rule Gains Trump Support
The White House’s regulatory office is reviewing a proposed CFTC rule on prediction markets, potentially impacting platforms like Kalshi and Polymarket, as Trump supports federal oversight. #Update #Crypto $CFTC
CFTC Seeks to Erase Gemini Settlement
The U.S. Commodity Futures Trading Commission seeks to annul a $5 million settlement with @Gemini, claiming prior complaints were unjustified under current standards. #Update #Legal $BTC $ETH
Trump Defends CFTC Amid Court Challenges
U.S. President Donald Trump supports CFTC’s exclusive authority over prediction markets, amid state lawsuits claiming these are gambling products; several countries have recently banned such markets. #Update #Crypto $BTC
SEC Approves Nasdaq Bitcoin Options Launch
SEC Approves Nasdaq’s Cash-Settled Bitcoin Index Options The SEC has approved Nasdaq to list European-style, cash-settled Bitcoin index options on the Philadelphia Stock Exchange under the ticker QBTC. These contracts are tied to the Nasdaq Bitcoin Index and update every 200 milliseconds using aggregated price data from major cryptocurrency exchanges. QBTC contracts eliminate custody and assignment risks, making them attractive for institutional trading desks seeking Bitcoin price exposure without holding spot assets. Position limits are set at 24,000 contracts per side, representing approximately 0.12% of Bitcoin‘s total supply, with a minimum price increment of $0.01. Trading cannot commence until the… Read More »SEC Approves Nasdaq Bitcoin Options Launch
Kucoin Shields $13M Stolen Crypto Allegation
KuCoin is accused by ZachXBT of routing $13M in stolen crypto, ignoring German authorities. The exchange faces scrutiny over its AML practices amid recent legal issues. #Breaking #Legal
CFTC Chief Reveals Secret US CBDC Talks
Timothy Massad, former CFTC Chairman, disclosed secret U.S. CBDC discussions amid global trends, as the U.S. engages in Project ‘Agora’ for international payment tokenization. #Update #Crypto $USDC