Crypto

Japan LDP Proposes Crypto ETF Trading Framework, Yen Stablecoins Japan’s ruling Liberal Democratic Party (LDP) has submitted a proposal to the finance minister recommending that the country establish a legal framework for trading cryptocurrency ETFs. The proposal also supports the creation of yen-based stablecoins. The move signals Japan’s accelerating push toward comprehensive crypto regulatory reform and could position the country as the first major Asian economy to fully open crypto ETF trading. ...

Strategy Sells $2.5M Bitcoin — First Sale in Months Strategy (formerly MicroStrategy) disclosed in an 8-K filing that it sold approximately $2.5 million worth of bitcoin between May 26 and May 31, marking the company’s first BTC sale in months. Founder Michael Saylor said the proceeds were used to fund preferred stock distributions and reaffirmed that Strategy aims to make STRC the world’s best credit instrument. Multiple analysts described the sale as “immaterial” to Strategy’s overall bitcoin holdings, though some noted it signals a greater willingness to use BTC to support the capital structure. The timing sparked over $20 million in trading chaos on Polymarket, where bettors disputed whether the on-chain transaction date or the filing disclosure date should determine the outcome of a “will Strategy sell BTC before May 31” contract. ...

Gnosis Pay has suffered a security exploit, and co-founder Martin Koppelmann has promised that Gnosis will cover all user losses. Containment efforts are currently underway. This is another major security challenge for the Gnosis ecosystem, following similar attacks on cross-chain protocols like LayerZero. The Gnosis team is investigating the root cause and taking measures to prevent further losses.

The US Commodity Futures Trading Commission (CFTC) has approved the first cryptocurrency perpetual futures contracts, with Kalshi and Coinbase receiving authorization to list them. This marks a significant milestone for US crypto derivatives markets, providing institutional investors with additional hedging tools.

CFTC Opens Crypto Perpetual Futures Trading in U.S. Milestone The U.S. Commodity Futures Trading Commission (CFTC) has officially approved Kalshi exchange to list crypto asset perpetual futures contracts, marking the first time U.S. regulators have provided a pathway for regulated firms to participate in the crypto perpetual derivatives market. What Are Perpetual Futures Perpetual futures are futures contracts without an expiration date, allowing traders to hold positions indefinitely through a funding rate mechanism. This market has long been one of the largest segments of global crypto trading, but primarily operated on offshore exchanges outside U.S. regulatory oversight. ...

Paxos SEC Approval Blockchain Stock Clearing Takes Key Step Crypto infrastructure company Paxos has received approval from the U.S. Securities and Exchange Commission (SEC) to become the first licensed entity authorized to clear U.S. stocks on blockchain. This license positions Paxos to compete directly with traditional financial giants like DTCC (Depository Trust & Clearing Corporation). Milestone Significance Paxos’s new license marks a fundamental shift in blockchain technology’s role within U.S. traditional financial markets: ...

FalconX Confidentially Files for US Stock Market Listing Cryptocurrency trading firm FalconX has confidentially filed for an initial public offering with the US Securities and Exchange Commission (SEC), hiring investment bankers to advance the listing process. This makes it another major crypto trading platform seeking to go public on US exchanges, following in the footsteps of Coinbase and Kraken. According to CoinDesk, FalconX primarily serves institutional investors, providing crypto market-making, lending, and over-the-counter trading services. The company has experienced rapid business growth in recent years, benefiting from the massive influx of institutional capital into the cryptocurrency market. ...

Bitcoin fell below $73,000 as Middle East tensions sparked a crypto sell-off. BlackRock’s iShares Bitcoin ETF (IBIT) saw $528 million in net outflows — its second-largest daily outflow on record. Approximately $1 billion in leveraged positions were liquidated. Ethereum also dropped below $2,000, though futures open interest hit a record 16 million ETH, signaling growing divergence between spot selling and futures positioning.

The US Commodity Futures Trading Commission (CFTC) has admitted it should not have sued crypto exchange Gemini, joining the company in a motion to vacate a 2025 consent order. The rare reversal signals regulatory self-reflection on enforcement overreach.

Crypto exchange Kraken has expanded its Earn product suite with Bitcoin Vault. The product routes user BTC deposits into DeFi lending protocols including Aave and Morpho to generate BTC-denominated rewards.