CFTC Approves Bitcoin Perpetual Futures on Prediction Market Kalshi
The CFTC issued an order allowing Kalshi to offer perpetual futures in the U.S., starting with contracts tied to Bitcoin's price....
Key takeaways
- 1CFTC approved Kalshi to offer Bitcoin perpetual futures contracts in the United States.
- 2This marks regulatory expansion allowing prediction markets to offer cryptocurrency derivatives trading.
- 3Bitcoin price stood at $73,672 with 1.22% daily gain at time of reporting.
Coins in this story
Why it matters
This CFTC approval signals growing institutional acceptance of crypto derivatives in regulated U.S. markets, potentially influencing Indian retail investors' understanding of global crypto regulation and market maturity. It demonstrates regulatory progress that could influence India's future cryptocurrency policy stance.
Explore how Memes is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Bitcoin ETFs Shed $2.8B in Record-Breaking Nine-Day Streak
Bitcoin spot ETFs experienced record outflows of $2.8 billion over nine consecutive trading days, signaling investor caution amid market uncertainty. BTC trades at $73,221, down marginally. The sustained withdrawal streak reflects profit-taking and reduced institutional appetite. For Indian crypto investors, this highlights volatility in global sentiment and potential buying opportunities if support levels hold during corrections.
Sui Network Goes Down for Second Straight Day as Weekly Token Slide Hits 20%
Sui Network suffered its second consecutive day of outage while SUI token plummeted 20% weekly, dropping 1.53% today to $0.90. The network disruption raises concerns about infrastructure stability and investor confidence. Such technical failures typically trigger sell-offs in affected Layer-1 projects. Indian crypto traders monitoring Sui's ecosystem face increased counterparty risk amid ongoing operational challenges and market uncertainty surrounding recovery timelines.
Bitcoin ETFs bleed $2.8B in record nine-day outflow streak
Bitcoin spot ETFs experienced a record nine-day outflow streak totaling $2.84 billion, with BlackRock's IBIT fund accounting for $2.04 billion in withdrawals. This marks the longest selloff since ETF launch in 2024, signaling weakening institutional demand. Meanwhile, newer altcoin ETFs like Hyperliquid's HYPE attracted over $100 million in inflows, reflecting investor rotation away from Bitcoin exposure.