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Crypto

U.S. CFTC approves bitcoin perpetual futures, raising prospects of derivatives market shifts

The U.S. Commodity Futures Trading Commission has allowed bitcoin perpetual futures to enter regulated markets, raising expectations of changes in the structure of the U.S. crypto derivatives market. The CFTC approved the listing of KalshiEX’s BTCPERP contract. Perpetual futures are widely used offshore and have been difficult for U.S. investors to access. The approval could reshape product design, open access for institutions and intensify exchange competition, though liquidity may not move to the United States immediately.

Crypto

U.S. inflation above 4 percent adds downside pressure on bitcoin and gold

U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.