TLDR Kraken purchased Small Exchange from IG Group for $100 million to establish a US-based derivatives platform Small Exchange holds a CFTC-licensed Designated Contract Market approval, allowing Kraken to offer regulated futures and options The acquisition enables Kraken to integrate clearing, risk management, and trading into one regulated environment ThisContinue Reading

TLDR: FalconX launches 24/7 electronic crypto options trading, offering institutions continuous access with OTC-quality liquidity and execution speed. The platform introduces BTC, ETH, SOL, and HYPE options, with plans to add more altcoins for institutional investors soon. FalconX executed over $50B in OTC derivatives YTD and projects 2x growth whileContinue Reading

TLDR: Hyperliquid traders proposed blacklisting Arthur Hayes’ wallets after his full HYPE sale rattled the token’s price. Hayes said the funds went toward a Ferrari deposit, one month after predicting HYPE could rally 126x in three years. The proposal suggests wallet blacklists, buyer verification, and bounty programs to track connectedContinue Reading

TLDR: Crypto market drops as Bitcoin falls under $110K after strong U.S. GDP data and lower jobless claims. Over $162B was erased from crypto valuations as liquidations hit leveraged positions across exchanges. Spot Bitcoin ETFs saw $258M in outflows while Ethereum ETFs recorded their fourth day of withdrawals. New U.S.Continue Reading

TLDR: BNB price crossed $1000 after network upgrades slashed block time to 0.75 seconds and lowered gas fees by 90%. Stablecoin USD1 filled the gap left by BUSD, boosting liquidity and onchain trading activity on BNB Chain. SEC lawsuit dismissal reduced regulatory risk, unlocking demand for BNB from traders andContinue Reading