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Ondo Calls on SEC and CFTC to Move US Stock Perpetuals Onshore

Ondo Finance has asked US regulators to allow onshore perpetual futures tied to individual stocks, arguing that the existing security futures framework already covers the products—without the need for new rulemaking. The request was made in three comment letters dated Aug. 24 to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). In its filings, Ondo said perpetual contracts can be structured to track the underlying equity price using mechanisms that resemble expiration and funding logic in traditional futures markets. The firm also pointed to its offshore activity, stating that a stablecoin-settled affiliate platform has accumulated $8 billion in cumulative trading volume for perpetual stock futures by Aug. 14, about six weeks after launch. Key takeaways Ondo argues US “security futures” definitions do not require fixed expiration dates, supporting perpetual stock futures under current frameworks. The firm claims scheduled funding paym...
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Wyoming Adds Chainlink Reserve Proof for State Stablecoin Tokens

Wyoming is upgrading how it verifies reserves behind its state-issued Frontier Stable Token (FRNT), moving from scheduled attestations toward near-real-time onchain proof. The Wyoming Stable Token Commission said it has expanded its integration with Chainlink to publish verified reserve and token-supply data using Chainlink Proof of Reserve. The change is designed to help market participants track backing more quickly between formal disclosure periods. According to the commission, the system combines independent reserve examinations conducted by The Network Firm with Chainlink’s infrastructure, with data made available onchain on a near-real-time basis. Key takeaways Wyoming’s Stable Token Commission says it adopted Chainlink Proof of Reserve to publish verified FRNT reserve and supply data onchain. Wyoming already provides daily reserve attestations for FRNT; the new setup targets more timely visibility into changes in backing between reporting cycles. The commission is also wor...
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New Jersey Asks U.S. Supreme Court to Review Prediction Markets

New Jersey’s Attorney General Jennifer Davenport and the state’s interim director for the Division of Gaming Enforcement, Mary Jo Flaherty, have petitioned the US Supreme Court to take up a dispute over who has the power to regulate prediction market companies. The filing, made Wednesday, asks the nation’s highest court to decide whether federal law—specifically the 2010 Dodd-Frank Act—preempts states from enforcing their own sports betting rules against prediction market platforms that list contracts on markets registered with the Commodity Futures Trading Commission (CFTC). The case centers on New Jersey’s enforcement action against Kalshi. Key takeaways New Jersey is asking the Supreme Court to rule on whether Dodd-Frank preempts state regulation of sports bets offered through CFTC-registered markets. The petition targets a dispute that has already been litigated through the federal courts, including an April ruling by the Third Circuit that went against New Jersey. New Jersey...
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Coinbase Begins Regulated Crypto Derivatives Trading in Canada

Coinbase has rolled out crypto derivatives trading in Canada, expanding access to both perpetual and dated futures tied to major digital assets including Bitcoin (BTC) and Ether (ETH). The move places more crypto-native contract products in front of Canadian users as US-based trading firms continue to widen their Canadian offerings. The contracts are made available through Coinbase Financial Markets, a futures commission merchant registered with the US Commodity Futures Trading Commission and operating in Canada under foreign dealer and futures commission merchant exemptions. Coinbase says the launch includes 23 crypto perpetual and dated futures, five commodity futures, and the Coinbase 50 Index. Key takeaways Coinbase says it is the first “major crypto-native” platform to offer direct native crypto futures in Canada. The Canadian offering includes 23 crypto perpetual and dated futures plus the Coinbase 50 Index, accessible to eligible customers only. Leverage is capped at up to...
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U.S. Officials Partner With CrowdStrike to Disrupt Crypto-Theft Malware

U.S. federal law enforcement says it has helped disrupt a long-running cybercrime operation tied to cryptocurrency theft, working alongside international partners and private-sector cybersecurity experts. The Justice Department announced that the Sality malware and its botnet infrastructure were targeted in an effort spanning multiple countries. According to the U.S. Justice Department, the operation involved Bulgarian, Hungarian and Romanian authorities, as well as partners including CrowdStrike and the Shadowserver Foundation. The department said Sality was used to compromise devices and facilitate theft of digital assets, with activity traced back to 2003. Key takeaways The U.S. Justice Department said it disrupted the Sality botnet and associated malware in an international takedown effort. CrowdStrike linked the scheme to clipjacking behavior that targets cryptocurrency wallet addresses copied to a clipboard. U.S. officials and CrowdStrike described a peer-to-peer botnet of ...
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US Officials Coordinate With CrowdStrike to Counter Crypto Theft Malware

US federal law enforcement, in cooperation with cybersecurity company CrowdStrike and international partners, announced an operation targeting the Sality malware ecosystem—an infection chain authorities say has been used for more than two decades to steal cryptocurrency and carry out cyberattacks. In a Tuesday announcement, the US Department of Justice (DOJ) said it disrupted the Sality botnet and related malware in an international effort involving Bulgarian, Hungarian, and Romanian officials, as well as private-sector partners CrowdStrike and the Shadowserver Foundation. The DOJ linked Sality to long-running compromise activity dating back to 2003, including the installation of malware on affected devices. Key takeaways The DOJ says the Sality botnet and malware infrastructure were disrupted through a coordinated international takedown. CrowdStrike reports that clipboard-based “clipjacking” was used to replace cryptocurrency addresses with attacker-controlled ones. According to...
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Coinbase Rolls Out Regulated Crypto Derivatives in Canada

Coinbase has expanded its Canadian offering by launching crypto derivatives trading, including perpetual and dated futures linked to major digital assets such as Bitcoin, Ether, and Solana. The move gives eligible users access to a broader range of structured trading products through Coinbase’s regulated futures operation. The launch is being delivered via Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission and operating in Canada under foreign dealer and futures commission merchant exemptions. Coinbase said the program includes 23 crypto perpetual and dated futures, five commodity futures, and exposure to the Coinbase 50 Index. Key takeaways Coinbase is adding crypto derivatives in Canada, including perpetual and dated futures tied to Bitcoin, Ether, Solana, and other assets. The products are offered through Coinbase Financial Markets, using its U.S.-registered futures commission merchant framework with Canadian e...
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