The Commodity Futures Trading Commission (CFTC) has approved KalshiEX's Bitcoin perpetual futures contract, making it one of the first U.S.-regulated platforms to offer crypto futures tied directly to Bitcoin's spot price. Kalshi also offers perpetual futures for Ethereum, Solana, XRP, and HYPE under the same regulatory framework. This approval is significant as it provides a regulated alternative to offshore crypto futures exchanges, though Kalshi faces challenges in attracting liquidity and traders accustomed to established offshore venues. The success of Kalshi's platform will depend on maintaining tight spreads, deep order books, and reliable execution, especially during volatile market conditions.
Ethereum is trading around its critical 200-day moving average near $1,668, a level historically marking the divide between bull and bear markets. Despite record-strong fundamentals like high staking levels, large institutional inflows, and corporate...
RLUSD stablecoin supply on the XRP Ledger has grown to $1.57 billion, overtaking Ethereum's share with over $804 million, or 52% of total supply. This shift is supported by Japan's regulatory approval of RLUSD, boosting its use in a large market and ...
Bloomberg Intelligence strategist Mike McGlone forecasts that Tether (USDT), a dollar-pegged stablecoin, is likely to overtake Bitcoin as the largest cryptocurrency by market value. He highlights the growing dominance of stablecoins reshaping the cry...
Four Ethereum wallets inactive for nearly eight years reactivated and sold 33,623 ETH at an average price of $1,560, generating about $52.5 million in proceeds and a realized profit of $27.4 million. These wallets originally acquired 37,602 ETH in 20...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin trading around $59,377, slightly up by 0.90%. Ethereum is down by 0.87%, while Solana and AAVE show significant gains of 6.69% and 8.02% respectively. Other altcoins like M and VELVET a...
