US CFTC Chairman Mike Selig announced historic approval for Bitcoin perpetual contracts on registered exchanges. Coinbase becomes first regulated platform offering global crypto derivatives to US traders, unlocking access to $31B BTC options market via Deribit partnership. Link

2.Coinbase Launches US Derivatives

Coinbase officially launches global crypto options and perpetual futures for US traders after securing CFTC approvals. First regulated Futures Commission Merchant bridging American investors to global liquidity pools, providing direct access to derivatives driving 80% of global crypto volume.

3.Grayscale Hyperliquid ETF Deal

Grayscale in discussions to sell Hyperliquid ETF shares for 2 million HYPE tokens worth $115 million as seed capital. Product renamed Grayscale Hyperliquid Staking ETF with ticker HYPG planned for Nasdaq listing, featuring staking capabilities beyond standard spot ETF tracking.

4.Kalshi Gets Bitcoin Perpetual Approval

CFTC issues listing approval to KalshiEX LLC for BTCPERP perpetual contract referencing Bitcoin spot prices. Approved under Regulation 40.3, confirming compliance with Commodity Exchange Act requirements for designated contract markets, marking regulatory milestone for US crypto derivatives.

5.Micron Price Target Raised

Susquehanna analyst Mehdi Hosseini raises Micron (MU) target from $600 to $1,750, maintaining positive rating. Q2 DRAM ASP expected to rise 50-60% quarter-over-quarter, exceeding 50% market expectations; NAND ASP forecast to remain flat within 75-100% growth range.

6.Iran-US Negotiations Update

US and Iran discussing谅解草案 including $300 billion international investment fund for Iran and cessation of Lebanon hostilities. Framework aims to temporarily ease tensions with parallel political and economic commitments, potentially reshaping regional dynamics despite significant uncertainties.

🐋 Whale Movements

500M USDT ($499.3M) transferred from Tether Treasury to Binance on Solana network, indicating major exchange liquidity preparation

226.4M USDT ($226.2M) moved from Bitfinex to Tether Treasury on Ethereum, suggesting treasury management operations

116.6M USDT ($116.4M) deposited from unknown wallet to Bitfinex on Ethereum, representing significant institutional inflow