Author: John Smith
Coinbase has opened a regulated route for U.S. institutions to trade global crypto derivatives through its futures commission merchant. Summary Coinbase Financial Markets now offers U.S. institutions regulated access to global crypto derivatives, starting with Deribit options. CFTC staff action supports the structure, with certain crypto perpetual contracts treated as foreign futures under specific conditions. Coinbase’s partnership with Standard Chartered adds fiat funding rails for major currencies, supporting institutional spot, derivatives, and financing strategies. Coinbase said on May 29 that Coinbase Financial Markets now gives eligible U.S. clients access to crypto derivatives markets, starting with Deribit options. The company described…
Pi Network’s PI token is consolidating near $0.14 after an April rally, with thin liquidity and IOU listings keeping volatility elevated as traders eye key support and resistance levels. Summary PI trades around $0.14 with a tight 24 hour range and modest volumes Token remains over 90 percent below its 2025 peak near $3.00 Market weighs Consensus 2026 buzz against liquidity and compliance risks Pi Network’s PI is changing hands at about $0.144 with a 24 hour low of roughly $0.142 and a high near $0.146 on Bybit’s IOU market as of May 29, 2026, underscoring how the token has…
The U.S. Treasury has said it has seized nearly $1 billion in cryptocurrency linked to Iran as Washington expands its financial campaign against Tehran. Summary The U.S. Treasury says seizures of Iran-linked cryptocurrency are nearing $1 billion as Washington targets Tehran’s financial networks. Tether froze $344 million in USDT across two Tron wallets linked to Iran’s IRGC after OFAC sanctions and U.S. law enforcement action. Iran’s reported use of crypto for weapons sales and proposed Bitcoin tolls in the Strait of Hormuz has raised new sanctions and compliance risks. The U.S. Treasury has said it has seized nearly $1 billion…
Texas has moved closer to holding Bitcoin directly after naming a new advisory committee to guide the state’s Strategic Bitcoin Reserve. Summary Texas has named a five-member advisory committee to guide the management, custody, and valuation of its Strategic Bitcoin Reserve. The state is seeking a qualified crypto custodian as it prepares to move from IBIT-based exposure to directly held Bitcoin. The reserve currently holds about $10 million in Bitcoin exposure through BlackRock’s iShares Bitcoin Trust. The Texas Comptroller’s office said Thursday that Acting Comptroller Kelly Hancock will serve on the five-member Texas Strategic Bitcoin Reserve Advisory Committee, which will…
Wintermute has entered prediction markets as a liquidity provider, bringing professional market-making capacity to a sector that has grown into a major venue for trading real-world event risk. Summary Wintermute will provide two-sided liquidity across prediction market platforms, helping improve execution depth and bid-ask spreads. Prediction markets surpassed $60 billion in trading volume in 2026, with monthly activity reaching $20-$25 billion. Kalshi’s rapid growth and recent $22 billion valuation show rising institutional interest, while regulators increase scrutiny of event contracts. Wintermute said the firm will quote both buy and sell prices across active event contracts on leading prediction market platforms.…
Beyond attacking the process that put him behind bars, Alex Mashinsky is now trying to recast Celsius’ collapse as an FTX‑driven hit job, even though he already confessed to manipulating CEL himself. Summary Mashinsky’s new court filings claim Sam Bankman‑Fried and FTX tried to “destroy Celsius” by manipulating CEL, contradicting his own guilty plea over CEL price pumping. He now casts former CRO Roni Cohen Pavon as plotting a “hostile takeover,” even though Pavon cooperated with prosecutors and walked with time served plus supervised release. With a 12‑year sentence, lifetime crypto ban, and a $4.72b FTC judgment hanging over him,…
The U.S. Commodity Futures Trading Commission has greenlit the nation’s first bitcoin perpetual futures contract on a regulated exchange, marking a watershed moment for domestic crypto derivatives trading. Summary CFTC approved first-ever bitcoin perpetual futures contract on regulated U.S. platform Chairman Mike Selig says move delivers on President Trump’s goal to make America “crypto capital of the world” Perpetual futures previously dominated offshore exchanges with over 70% of centralized trading volume The CFTC announced Friday it had approved an unnamed regulated exchange to list and trade bitcoin perpetual futures contracts, ending the offshore monopoly on these high-volume derivatives instruments. The…
Sui (SUI) trades between $1.06 and $1.24 in late May 2026, recovering from a winter that took it 79% below its January 2025 high of $5.35. Summary Sui’s 18% rally in May 2026 followed corporate staking activity, Paga’s $11 billion USDsui integration, CME futures approval, and the launch of gasless stablecoin transfers. The bullish outlook depends on USDsui adoption, successful delivery of the S2 roadmap, stronger ETF inflows, and wider use of Sui across payments and developer ecosystems. Risks include weak USDsui growth, ongoing token unlock pressure, future network outages, and stronger competition from rival blockchain networks. Two specific events…
DxSale has suffered a $7.3 million exploit after an attacker allegedly used a hidden backdoor in a liquidity locker contract to withdraw BNB locked by more than 1,400 liquidity providers on the BNB Chain. Summary DxSale lost $7.3 million in a BNB Chain exploit affecting roughly 1,400 liquidity providers. Researchers linked the attack to a hidden contract backdoor and a previously undisclosed ownership transfer. The incident follows a wave of DeFi exploits, with protocols losing $52 million to hacks so far in May. According to blockchain security firm PeckShield, the attacker-controlled address “0xC457” moved approximately $1.87 million worth of BNB…
South Korea’s Digital Asset Exchange Alliance has introduced a new API key standard for local crypto exchanges. The move targets improper API key sharing and possible market abuse. Summary DAXA will now force suspicious API keys to expire after warnings, monitoring, and user checks. FSS said API-based trading accounts for around 30% of South Korea’s domestic crypto market turnover. Upbit, Bithumb, Coinone, Korbit, and Gopax will now add stricter monitoring and IP whitelist systems. The rule comes as regulators watch automated crypto trading more closely. The Financial Supervisory Service said API-based trading now makes up about 30% of domestic crypto…