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Texas is seeking a custodian to transition reserve assets from IBIT into direct bitcoin holdings.One committee member serves on the CFTC’s Innovation Advisory Committee, while another helped build CleanSpark’s bitcoin treasury.

Perps are a type of futures contract that don’t have an expiration date and allow people to bet on the price movement of assets without owning them directly.Kalshi and Coinbase can now offer those products, according to the CFTC.

CFTC approved first-ever bitcoin perpetual futures contract on regulated U.S. platformChairman 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 approved Kalshi’s BTCPERP contract, clearing the way for the first federally regulated Bitcoin perpetual futures product in the U.S.The regulator also issued Coinbase a no-action letter allowing certain crypto perpetual futures products to use Bitcoin, Ether, and stablecoins as collateral.Kalshi’s approval comes as the company expands beyond prediction markets while challenging Minnesota’s proposed prediction market ban in federal court.

Wintermute begins two way market making on major prediction platformsMonthly prediction market volume above $20 billion as lifetime flows top $150 billionMove follows institutional push into Polymarket and Kalshi style event contracts

The CFTC issued an order allowing Kalshi to offer perpetual futures in the U.S., starting with contracts tied to Bitcoin's price.

Cooling demand for Bitcoin ETFs adds to declining accumulation by whales, underscoring a trying time for the crypto market.

The man who built the modern NYSE just said Hyperliquid is bigger than Nasdaq. JPMorgan says the debasement trade is unwinding.

Prosecutors say two police colonels organized an extortion ring that allegedly tracked, abducted, and held crypto entrepreneurs at gunpoint.

Texas seeks custody services to move its $10M reserve from IBIT into direct Bitcoin holdings.The RFP asks providers to acquire, hold, manage and report Texas Bitcoin and crypto holdings.Hancock named four advisors to guide custody, risk controls and public reporting for the reserve.

Bitcoin options worth $6.2 billion expired as BTC traded below the key $75,000 max pain level.Ethereum options worth $1.28 billion expired while ETH struggled near $2,000 after recent market weakness.Greeks.live said the expiry looked like bearish unwinding, with longs retreating from key resistance zones.

Strategy transferred 411.48 Bitcoin worth about $30.3 million to Coinbase Prime, according to Lookonchain data.The transfer comes after Michael Saylor said Strategy could sell some Bitcoin as part of its capital management strategy.MSTR stock has fallen nearly 22% since May 11 as the company paused Bitcoin purchases and focused on debt repurchases.

Fidelity says Bitcoin toll claims and gold demand show pressure on dollar-based settlement systems globally.Iran’s insurance proposal adds uncertainty as state-linked media publicly denies active crypto toll collection claims.USDT freezes recently pushed Bitcoin settlement debate higher, while Fidelity says BTC outperformance has lagged.

Gemini’s Command Center will surface real-time insights, signals, summaries, and predictions based on user preferences, powered by Elon Musk’s Grok LLM.The move comes as Gemini continues to expand beyond spot crypto trading into derivatives, predictions, and other financial services.

Bitcoin whale and dolphin accumulation has stalled, while long-term holder supply continues to rise because of weak new demand, according to CryptoQuant.The firm said the current setup mirrors past bear market conditions, with whale balances contracting and short-term holder supply sharply declining.

David Sutter and Samantha Lewis discuss stablecoin infrastructure, tokenized finance, venture investing and why blockchain-powered financial services are becoming one of crypto’s most important real-world use cases.