Kalshi has filed with U.S. regulators to launch perpetual futures contracts linked to individual U.S. stocks, a move that would extend a crypto-style derivatives structure into traditional equity markets. The company’s proposal was submitted to the Securities and Exchange Commission as a rule change and simultaneously sent to the Commodity Futures Trading Commission for review, according to the filing. The development arrives as Coinbase has also put forward a separate plan to offer single-stock perpetual futures. Both efforts point to growing competition among regulated crypto derivatives venues to adapt perpetual contract mechanics—particularly the use of ongoing funding payments—to equity instruments. Key takeaways Kalshi filed a proposed rule change with the SEC and submitted the related materials to the CFTC to enable perpetual futures tied to specific U.S. equities. The contracts would have no fixed expiration date and would use periodic funding payments between long and shor...

Kalshi has filed with U.S. regulators to launch perpetual futures linked to individual US stocks, extending the “crypto-style” derivatives model into traditional equity trading. The prediction market operator submitted its proposed rule change to the Securities and Exchange Commission (SEC) and separately to the Commodity Futures Trading Commission (CFTC) for approval on Friday, with the CFTC still pending a decision. The proposal would create contracts without a preset expiration date and would rely on periodic funding payments between long and short positions to keep the futures price aligned with the underlying equities. Kalshi said the products would be treated as security futures and cleared through its CFTC-registered clearinghouse, Kalshi Klear. Key takeaways Kalshi filed for single-stock perpetual futures with the SEC and CFTC; CFTC approval is still outstanding. No expiration date : contracts would remain open-ended, with periodic funding used to maintain price alignment....

Asset manager VanEck has issued a sharp critique of Metaplanet’s executive compensation design, arguing that the Japanese corporate Bitcoin treasury’s efforts to limit shareholder dilution do not go far enough. In a Friday analysis of compensation practices across the 10 largest digital asset treasury companies, VanEck concluded that Metaplanet’s structure is the only one that falls into the report’s lowest tier. VanEck’s comparison points to both the size of Metaplanet’s equity compensation plan and the degree of personal exposure for its officers. The firm said Metaplanet’s equity plan equals 14.7% of fully diluted shares, while officer exposure stands at 8.2%—figures VanEck describes as materially higher than peers. Key takeaways VanEck rated Metaplanet’s executive compensation as “Bad,” the only company in its lowest category in a peer review of 10 major Bitcoin treasury firms. VanEck cited Metaplanet’s equity plan at 14.7% of fully diluted shares and officer exposure at 8.2%—f...

Asset manager VanEck has sharply criticized Metaplanet’s executive compensation design, arguing that the company’s recent steps to reduce shareholder dilution tied to its Bitcoin treasury activity do not fully solve the underlying misalignment between management incentives and existing shareholders. In a Friday research note that reviewed executive pay structures across the 10 largest digital asset treasury companies, VanEck ranked Metaplanet’s approach as “Bad,” the only one in the lowest category. VanEck said Metaplanet’s compensation framework still leaves executives with far more equity exposure than peers and implies higher dilution pressure than investors should tolerate. Key takeaways VanEck rated Metaplanet’s executive compensation “Bad,” citing an equity plan sized at 14.7% of fully diluted shares. VanEck estimated officer exposure at 8.2% for Metaplanet—around 10 times the average (0.8%) across the other nine treasury companies reviewed. VanEck said Metaplanet’s officer...

Singapore-based payments firm dtcpay has closed a $25 million Series A funding round, bringing in Vertex Ventures Southeast Asia & India as the lead investor and adding further backing from SBI Group , the Japanese financial conglomerate. The round—completed after dtcpay’s initial April fundraising—also included participation from Genedant Capital and existing investor Kwee Liong Tek . dtcpay positioned the funding as a step toward making stablecoin payments feel as routine as conventional financial rails, stating that it aims to improve how money is moved across borders. In a statement shared with the public, the company said the strategic investment reflects institutional confidence in that direction, with dtcpay’s CEO and founder Alice Liu describing the raise as intended to transform cross-border payments rather than simply maintain the current business momentum. Key takeaways dtcpay completed a $25 million Series A , led by Vertex Ventures Southeast Asia & India . ...

Singapore-based payment firm dtcpay has closed a $25 million Series A funding round, initially led by Vertex Ventures Southeast Asia & India and now bolstered by an additional anchor from Japan’s SBI Group. The company says the investment underscores growing institutional interest in stablecoin payments that aim to work with everyday finance instead of sitting on the margins of crypto. dtcpay previously secured the Series A’s initial tranche in April, and the final round now includes participation from Genedant Capital and existing investor Kwee Liong Tek. In a company statement released Friday, dtcpay positioned the funding as a step toward making cross-border value transfers as frictionless as traditional payments. Key takeaways dtcpay has completed its $25 million Series A round, with SBI Group joining as a strategic anchor investor. Vertex Ventures Southeast Asia & India led the April portion of the raise, with additional participation from Genedant Capital and existing...

Bitcoin pushed through the $80,000 level during Friday’s Wall Street open, reaching a local high of $81,034 on Bitstamp. The move coincided with renewed stress in global energy markets, where concerns around oil supply fed into higher US bond yields—an interplay that has again spilled over into crypto. Within hours, short-position liquidations accelerated across crypto derivatives. According to CoinGlass data cited in the report, cumulative cross-crypto short liquidations totaled close to $250 million over a four-hour window, helping fuel Bitcoin’s short-term upside momentum. Key takeaways BTC gained about 6% on Friday as oil-supply worries contributed to US bond yields turning higher. Crypto liquidations intensified, with CoinGlass data putting cross-crypto short liquidations near $250 million in roughly four hours. Bitcoin’s rebound runs into well-watched resistance zones that previously surfaced around May. On-chain cost-basis benchmarks—such as Glassnode’s “True Market Mean...

Bitcoin’s longer-term price structure is starting to look more stable, with analyst Willy Woo pointing to a well-known technical setup that historically has aligned with major bear-market endings. Woo argues that Bitcoin’s latest monthly “Fisher Transform” signal marks a new phase of trend reversal—though he also cautions that clean bottoms are not guaranteed and some consolidation is still possible. Writing in a Friday update on X, Woo highlighted that the Fisher Transform indicator produced a monthly bullish crossover in August—only the fourth time this has happened in Bitcoin’s history—suggesting the market may have already formed its next macro floor. Key takeaways Willy Woo says Bitcoin’s Fisher Transform produced a monthly bullish crossover in August—only the fourth such event on record. Woo links prior monthly crossovers to bear-market bottoms, citing late 2022 as an example when the indicator reached about -3.83. A weekly bullish divergence in Fisher continues to develop,...

Bitcoin’s next major drawdown narrative is coming into question as on-chain and holder-behavior analysis suggest the market may have already absorbed much of its selling pressure. James Check, founder and lead analyst at Checkonchain, argued that Bitcoin likely formed its cycle bottom after two capitulation-style events rather than waiting for a late-2026 timing window tied to the so-called four-year cycle. At the time of writing, Bitcoin was trading around $77,400, following a peak of just over $126,000 in October 2025—about 39% below that high. Check’s view challenges expectations that another low is due in October 2026, including earlier calls from analysts who referenced cycle-duration patterns and the US midterm-election calendar. Key takeaways Checkonchain founder James Check said Bitcoin showed “price-pain” and “time-pain” capitulation behavior around the February and June–July drawdowns. He argued the market’s cost-basis concentration and holder profitability dynamics indic...

State-linked cybercriminals are increasingly using public blockchains as “dead drops” for malware instructions and infrastructure details, according to a new Chainalysis report. The firm estimates that state-aligned actors accounted for roughly two-thirds of new dead drop activity each quarter, while the frequency of these writes rose 420% over the past 12 months. Chainalysis also reports that operators tied to North Korea and Iran are among the groups adopting the tactic, including activity it linked across multiple networks—Tron, Aptos, and BNB Smart Chain (BSC)—to a North Korea-associated actor tracked by Google Threat Intelligence. Key takeaways Chainalysis says state-linked threat actors drive about two-thirds of quarterly blockchain dead drop activity. Blockchain “dead drop” writes climbed 420% year over year, indicating faster growth in on-chain malware infrastructure. North Korea-linked groups have used multi-chain routing, with Tron acting as a first route and Aptos as a...

U.S. authorities have announced new sanctions targeting an Iranian cryptocurrency exchange, alleging it was used to process Bitcoin payments tied to maritime traffic through a strategic choke point in the Middle East. On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated BitBank, accusing the platform of helping move cryptocurrency-linked funds connected to vessels transiting the Strait of Hormuz. The action is part of a broader push to restrict Iran’s access to international financial channels, including through digital assets. Key takeaways OFAC sanctioned Iranian digital asset infrastructure tied to BitBank, alleging it facilitated Bitcoin payments connected to Strait of Hormuz shipping. Treasury said Hormuz Safe Marine Services Authority transferred funds received to the Islamic Revolutionary Guard Corps (IRGC) using BitBank. The U.S. linked the alleged setup to Iranian financier Babak Zanjani, portraying it as part of an IRGC-c...

U.S. authorities have announced new sanctions targeting an Iranian crypto exchange known as BitBank, accusing it of helping move Bitcoin payments tied to maritime traffic through the Strait of Hormuz. The U.S. Treasury says the exchange was used to transfer funds received through a Hormuz-related payments authority to the Islamic Revolutionary Guard Corps (IRGC). In a press release issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the government described BitBank as part of an alleged sanctions-evasion “infrastructure” associated with Iranian financier Babak Zanjani. OFAC’s action forms part of a broader effort to restrict Iran’s access to the global financial system, including through targeting digital asset service providers. Key takeaways OFAC sanctioned Iranian crypto exchange BitBank, alleging it processed Bitcoin payments connected to ships transiting the Strait of Hormuz. The Treasury alleges BitBank transferred funds received by the Ho...

Fortitude Mining, a Zcash-focused cryptocurrency miner backed by Digital Currency Group, has named former Hut 8 CEO Jaime Leverton as its new chief executive as it moves toward going public. The leadership change comes alongside progress on a proposed merger with HeartSciences, which would take Fortitude to the Nasdaq subject to approval. Leverton is set to succeed current CEO Andrea Childs on Sept. 21, with Childs transitioning to chief operating officer. The company says the transition reflects its evolution from a private mining operator into a vertically integrated platform preparing for a public-market listing. Key takeaways Jaime Leverton will become Fortitude Mining’s CEO on Sept. 21, replacing Andrea Childs, who will shift to chief operating officer. Fortitude has mined 72,696 ZEC in the first half of 2026, representing about 28% of total Zcash network output for the period. The firm reported $20.9 million in revenue for Q2 and operates 60+ megawatts of power capacity acr...

Bitcoin hovered near $76,500 in the hours after Wall Street opened, as a rebound in U.S. equities helped ease pressure on risk assets following the latest Federal Reserve decision. The move came after BTC slipped below $76,000 during the initial reaction to the Fed’s 25-basis-point increase in benchmark rates. For traders, the key dynamic was less about a new burst of buying and more about stabilization: volatility appeared to cool over the prior 24 hours, liquidity around current levels thickened, and on-chain sentiment signals remained supportive—though not at peak “bullish conditions.” Key takeaways BTC held close to $76,500 after consolidating following a dip below $76,000 tied to a 0.25% Fed rate hike. U.S. stocks rebounded, with the Nasdaq Composite up 1.5% and the S&P 500 gaining 0.9%, helping sentiment across high-beta markets. TradingView data pointed to cooling BTC volatility and only modest price moves, consistent with range trading. CryptoQuant’s Bull Score Inde...