Over $1 billion traded in SpaceX-linked perpetual futures in 3 days as investors front-run the highly anticipated IPO, despite warnings from market history on potential first-year losses and regulatory scrutiny over governance and valuation risks.
Coinbase has launched pre-IPO markets, starting with SpaceX, offering perpetual futures contracts tied to private companies' estimated pre-listing prices to users outside the US. This move intensifies competition among crypto exchanges in tokenizing real-world assets.
New perpetual futures on SpaceX are emerging on crypto platforms, resembling betting markets. Meanwhile, a deal between Talgo and Renfe over a €116 million fine for delayed trains is reportedly close. In Cuba, US pressure is causing foreign hotel chains to exit, impacting Meliá.
Shares of major exchanges like CME Group, Cboe Global Markets, Intercontinental Exchange, and Nasdaq fell sharply after the CFTC approved bitcoin perpetual futures on Kalshi, sparking fears of increased competition from new trading products.
Following the CFTC's approval of Bitcoin perpetual futures, Kalshi has applied to self-certify derivatives for 12 major altcoins, aiming to expand regulated crypto derivatives trading in the U.S. beyond Bitcoin.
Kraken announced plans to launch CFTC-regulated perpetual futures contracts in the US within 30 days, following CFTC approval. The contracts will be listed on Bitnomial Exchange, recently acquired by Kraken's parent company, Payward.
Hyperliquid's HYPE token reached a new all-time high of $68.64, driven by ETF inflows, CFTC approval of Bitcoin perpetual futures, and Wall Street recognition. This reframes HYPE as a public market proxy for derivatives infrastructure.
OKX is launching regulated perpetual futures linked to ICE's Brent and WTI oil benchmarks for traders outside the U.S., intensifying competition with decentralized platforms like Hyperliquid. The move aims to bridge traditional and digital markets amidst ongoing investigations into suspicious oil bets.
Intercontinental Exchange (ICE) and crypto exchange OKX are partnering to launch trading of oil-linked perpetual futures based on ICE's Brent and WTI crude benchmarks. The products will be available in licensed jurisdictions and target retail traders.
Binance introduces pre-IPO perpetual futures contracts, starting with a SpaceX-linked product, allowing speculation on private company valuations before and after public listings. This move taps into the growing trend of crypto companies offering investment products tied to potential IPOs.
The new portal lets LMAX clients deposit digital assets into custody and use them as collateral to trade FX, metals, CFDs, perpetual futures and crypto.
Crypto exchange OKX will offer synthetic exposure to private AI and tech company valuations through derivatives contracts.
Binance will shift to an orderbook-weighted pricing model for commodity perpetual futures during off-hours, potentially changing margin and liquidation behavior.
CryptoQuant's latest Apr. 30 read shows that perpetual futures are driving Bitcoin's recovery, while spot demand is still shrinking. That is the same market structure seen during the 2022 bear market rallies, when leverage-driven rebounds gave way to fresh downside. Spot buying through exchanges, ETFs, or direct on-chain accumulation represents committed capital. At the same […] The post Bitcoin is repeating a 2022 pattern – and this time we’re missing the buyers for what came next appeared first on CryptoSlate.
There’s a landgrab underway in the U.S. for perpetual futures, one of the biggest and riskiest parts of crypto — and prediction markets want a piece of it.
Prediction market platforms are launching perpetual futures to transition from event-based betting to 24/7 trading. This expansion aims to capture higher volume but intensifies legal risks as state regulators increasingly target these firms as unlicensed gambling operations.
Kalshi is reportedly preparing to offer US crypto perpetual futures, while Polymarket announced today that perpetual contracts are coming to its platform and opened early access sign-ups. Hyperliquid's docs support outcome token trading alongside its mainnet-deployed perpetuals via the Hyperliquid Improvement Proposal 4 (HIP-4). Pump.fun has evolved over the past few years into a social […] The post Crypto is leading the race to build the ultimate gambling super-app appeared first on CryptoSlate.
Bitcoin climbed above $78,000 as President Trump extended the Iran ceasefire indefinitely. Meanwhile, Fed nominee Kevin Warsh faced Senate questioning, Coinbase highlighted quantum risks for PoS networks, and prediction markets Kalshi and Polymarket unveiled new perpetual products.
Wall Street institutions are rapidly adopting perpetual futures contracts and tokenized real-world assets to operate in a 24/7 global economy. Industry experts explain that the elimination of contract expiry dates and atomic settlement are redefining market relevance, with crypto-native platforms increasingly leading price discovery during weekend geopolitical events. The IMF warns that while these technologies enhance capital efficiency, they eliminate temporal buffers and require CBDCs as a public anchor to prevent instant liquidity crises.
Kalshi, a prediction market exchange regulated by the CFTC, plans to offer perpetual futures contracts on cryptocurrencies like Bitcoin, marking a major shift from its core event-based derivatives business to continuous financial markets. The move positions it as a compliant alternative to offshore crypto platforms.
Blockchain.com has launched perpetual futures trading in its non-custodial DeFi wallet, enabling users to open leveraged positions using self-custodied Bitcoin as collateral without transferring funds to exchanges. The feature, routed through decentralized derivatives exchange Hyperliquid, provides access to over 190 crypto markets with up to 40x leverage. Trades execute while assets remain in the user's wallet, maintaining control of private keys. The CFTC plans to allow perpetual futures contracts in the coming weeks. Blockchain.com expects to expand into forex, stocks and commodities.
Polymarket is expanding into perpetual futures trading, putting it in direct competition with crypto exchanges like Robinhood, Coinbase and Kraken. The move follows rival Kalshi's plans to offer crypto trading. Perpetuals are futures contracts that stay open indefinitely, allowing leveraged exposure.
Polymarket announced it will launch perpetual futures trading with up to 10x leverage on assets including gold, silver, Nvidia, Coinbase, and Bitcoin. Rival Kalshi reportedly plans a similar push into perpetual futures, which lack expiration dates and use funding rates. Both operate under CFTC's Designated Contract Markets framework, expanding beyond traditional prediction market bets on politics, finance, and sports.
