The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds
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On May 29, the CFTC approved a Bitcoin perpetual contract for a regulated US exchange.
Key facts
- Its latest rolling window also showed about $840 million of Bitcoin futures liquidations, while the previous day’s snapshot captured $3.1 billion of bearish crypto liquidations as BTC broke
- Bitcoin traded around $77,000 on Aug. 21, up about 22% over seven days, while CoinGlass recorded roughly $154.6 billion in 24-hour Bitcoin futures volume and $56.2 billion in open interest
- Bitcoin is +0.10% over the past 24 hours and currently sits at rank # 1 by market cap
- On May 29, the CFTC approved a Bitcoin perpetual contract for a regulated US exchange
Summary
01 Kalshi and Bitnomial now offer live US Bitcoin perpetuals, while the SEC’s crypto fundraising framework remains only a proposal. 02 The CFTC could approve derivatives through existing exchange rules, but token issuers still lack an active crypto-specific public fundraising route. 03 Comments on the SEC proposal close October 20, after which revisions and a final agency vote will determine whether issuers can use it. Bitcoin traded around $77,000 on Aug. 21, up about 22% over seven days, while CoinGlass recorded roughly $154.6 billion in 24-hour Bitcoin futures volume and $56.2 billion in open interest.