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Crypto

Kalshi launches perpetual gold and silver futures trading after winning CFTC approval

Kalshi has started trading perpetual gold and silver futures contracts, known as “Perps,” for U.S. traders after securing approval from the U.S. Commodity Futures Trading Commission. The contracts began trading on Kalshi’s website and were certified on Sept. 8, according to CFTC records. Kalshi said demand from traders drove the expansion from crypto into metals. It plans to broaden Perps to other non-crypto assets while competition with established derivatives exchanges intensifies.

Crypto

Fed shifts toward September rate hike; key factor for bitcoin this week

Bitcoin posted its first weekly close above $80,000 since May, but analysts say it is too early to treat the level as firm support. The market is focused on U.S. August CPI and PPI data and the Federal Reserve meeting on Sept. 16, as stronger jobs data has shifted rate expectations more hawkishly. Japan’s yen moves and possible bond sales are also seen as factors. Derivatives-led positioning and thin spot demand may limit gains.

Crypto

CoinShares says Fed blocks bitcoin at $80,000, fund flows driven by rate outlook

CoinShares says U.S. Federal Reserve monetary policy has re-emerged as a key factor limiting bitcoin from breaking above $80,000, even as crypto investment demand continues. Research chief James Butterfill said bitcoin is trading like gold again, but the Fed sets the ceiling as liquidity and rate expectations drive flows. After Jackson Hole comments lifted September hike expectations, about $100 million left digital asset products before inflows recovered to $1 billion by Sept. 4 amid talk of a possible hold.