Prediction market operator Kalshi filed with the CFTC to launch perpetual futures tied to copper prices, utilizing a price feed from Pyth Network as the company expands beyond event-based contracts.
Coinbase integrated Hyperliquid into the Base App to offer eligible users perpetual futures trading with up to 50x leverage across more than 290 markets, responding to strong power user demand.
Bitcoin short liquidations hit a near-one-month high as BTC rallied to $64,500 on Monday, driven by a derivatives market short squeeze amid absent spot demand.
XRP trades near $1 as network activity on the XRP Ledger rebounds and whale deposits to Binance plummet. Despite broader adoption and lower exchange supply, fresh institutional spot demand via US-listed ETFs has slowed sharply for three consecutive months.
Coinbase is launching derivatives trading for professional investors in the UK, offering over 170 contracts across crypto, commodities, equities, and FX with up to 50x leverage following its MiFID licence from the FCA.
Nifty faces a crucial resistance test at 24,775 while support emerges near 24,500, according to Anand James of Geojit Investments. Derivatives data indicates capped upside and a likely range of 24,400–24,800.
India's Sebi is implementing a new Closing Auction Session for F&O-eligible stocks and extending equity derivatives trading hours by 10 minutes, effective August 3. This aims to ensure fair closing prices, improve efficiency, and align with global best practices.
Bitcoin's leverage gauges remained largely unaffected by the Bank of Japan's recent decision to hold interest rates, despite a significant increase in yen short positions. Hajime Takata's lone dissent for a 1.25% rate hike highlights a potential future pressure point for traders.
XRP trades at $1.06, down 2.9% in 24 hours, with high derivatives open interest ($2.43B) outpacing spot volume ($361M), making the market fragile. Bitcoin's direction post-Fed meeting will heavily influence XRP's outcome, with key support at $1.05 and $1.00.
Hyperliquid's weekly trading volume (July 13-19) was 54% driven by Real-World Assets (RWAs), outpacing crypto for the first time, with SK Hynix leading interest.
Crypto derivatives exchange BitMEX is shutting down, prompting industry questions about market consolidation due to liquidity concentration among large players and rising regulatory costs. Its utility token, BMEX, plunged over 90% following the announcement.
BitMEX, one of the oldest crypto derivatives platforms, will cease operations on September 23 at 04:00 UTC, citing a strategic business review. New sign-ups are halted, trading will wind down by August 26, and users have two months to withdraw funds, with fees for parked balances.
OKX appointed former NY Governor Andrew Cuomo to its board, leveraging his regulatory expertise for its push into licensed financial services, including a joint venture with ICE. This move aims to secure broker-dealer status and institutional customers, occurring as Congress debates the CLARITY Act, which addresses the overlap between political power and crypto wealth.
Arcus, a decentralized exchange backed by Robinhood Crypto, has launched tokenized stocks and perpetual futures on Robinhood Chain, offering over 95 stock tokens and derivatives. The platform uses a self-custodial model, but its stock tokens are unavailable in the US, Canada, and the UK due to ongoing regulatory questions.
XRP's open interest has surpassed $2.4 billion, increasing by $125 million in a week as traders boost derivatives exposure. The token trades near $1.13, requiring a daily close above $1.18 to confirm a stronger price expansion towards $1.26, with derivatives poised to amplify future moves.
Bitcoin displayed relative strength, decoupling from traditional markets as AI stocks declined and Treasury yields rose. Despite caution from derivatives traders, BTC broke above $65,000, showing resilience amid tech sector profit-taking and US-Iran geopolitical tensions.
Ether (ETH) price rose 3% driven by tokenization growth and Robinhood Chain, despite weak onchain data. Ethereum leads RWA tokenization, and Robinhood Chain attracted $106M in deposits. However, DApp revenue and active addresses are down, and funding rates are low, raising concerns about a potential retest of $1,700.
Phantom and the Hyperliquid Policy Center are asking the CFTC to remove regulations they claim hinder fintech firms from partnering with registered derivatives markets. They propose a model where non-custodial wallets provide technical access to markets without triggering broker registration.
Coinbase has received UK regulatory approval to offer investment services, including trading equities and derivatives. This expansion allows UK users to access traditional financial instruments alongside crypto, moving Coinbase closer to its goal of becoming an "everything exchange."
Coinbase has obtained a UK investment services license, enabling it to offer products beyond crypto, including equities and derivatives, to both retail and institutional clients. This expansion aligns with its "everything exchange" vision and precedes the UK's new crypto regulatory regime.
ESMA warns prediction market contracts may already fall under existing binary options restrictions, stating companies can't avoid financial regulations by marketing them as 'event contracts.' In the US, a legal battle is ongoing between state gaming regulators and the CFTC over whether these contracts are gambling or federally regulated derivatives.
Nearly 1,700 UK investors are suing Binance and its founder for £150 million, alleging the crypto exchange sold unapproved derivatives. The lawsuit claims Binance breached the Financial Services and Markets Act 2000 by offering leverage tokens, futures, and options to UK customers without regulatory approval.
XRP has retreated toward $1, testing a critical support level amid a market-wide selloff, with leveraged positions disappearing, derivatives activity contracting, and investors increasingly selling at a loss.
The financial world is shifting from ownership to optionality, with derivatives like options and futures becoming dominant. Crypto markets led this trend, and traditional markets are now following suit, driven by demand for flexibility and exposure to probability.
