NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps
NYSE parent ICE is pushing regulators to allow 24/7 onchain perpetual futures trading on regulated exchanges, citing competitive disadvantage against decentralized platforms like Hyperliquid. ICE CEO Jeffrey Sprecher emphasized creating a "level playing field," noting unregulated crypto venues already offer such products. The push reflects traditional finance's growing interest in blockchain-based trading infrastructure and constant settlement capabilities.
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U.S. CFTC opens crypto 'perp' door with first approvals at Kalshi, Coinbase
U.S. CFTC approved bitcoin perpetual futures contracts on Kalshi's regulated exchange and cleared Coinbase Financial Markets to offer global crypto perps to American clients. This landmark decision establishes a regulatory framework for crypto derivatives in the U.S., marking a significant shift toward onshore adoption. The approvals signal policy support for crypto innovation and risk management tools in American markets.
Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand
Bitcoin slipped to $73,500, down 10% from May's $81,000 peak, as spot ETF outflows hit a record nine-day streak. Weak buyer demand, not selling pressure, drives the decline despite broader risk assets rallying on U.S.-Iran de-escalation news. Long-term holder supply reached record levels, but reflects inactivity rather than conviction, signaling cooling institutional interest in crypto markets.