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Crypto

Prediction market platforms eye crypto perpetual futures market

Kalshi and Polymarket are seeking to enter the crypto perpetual futures market, CNBC reported on April 27. CNBC said expanded leveraged trading by prediction market platforms could change crypto trading methods in the United States and the competitive landscape among platforms. Perpetual futures have no expiry and can offer up to 100 times leverage. CoinGecko said they account for more than 70 percent of centralized exchange volume.

Crypto

JPMorgan says tokenisation to reshape fund industry, meaningful use cases still years away

JPMorgan expects tokenisation to drive change across the broader fund industry beyond exchange-traded funds, it said. Searen Fitzpatrick (시어런 피츠패트릭), global head of ETF products at JPMorgan Securities Services, said ETF tokenisation experiments are ongoing. She cited improved subscription and redemption processes, near-instant settlement and 24-hour access as key benefits. Fitzpatrick said tokenisation will become part of the ETF ecosystem, but meaningful, usable applications are still several years away.

AI & Enterprise

Robinhood buys $75 million stake in OpenAI, opening route for retail investors into private AI

Robinhood bought a small stake in OpenAI worth $75 million, expanding a route for retail investors to gain indirect exposure to private AI companies. The deal was made through Robinhood Ventures Fund I, which began trading on the New York Stock Exchange in March. Robinhood said the number of private companies now exceeds listed firms by more than 6.5 times and their estimated U.S. value tops $10 trillion.