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first_img Ondo Perps CEO: There are huge opportunities in the U.S. perpetual contract market, but the product structure will be different

During an interview with The Block at the Ondo event held in Seoul, South Korea, Ondo Perps CEO David Wells stated that offering perpetual contracts in the United States is a "huge opportunity," and that it is "reasonable" for Ondo to explore such expansion. He mentioned that everyone is paying attention to the U.S. because there are now more opportunities opening up that were previously impossible. However, he also noted that U.S. perpetual contract products will differ from existing products, with structures that vary from non-U.S. markets.Wells' remarks come as U.S. regulators are testing how perpetual contracts can enter the U.S. market with several companies. In August, Trump stated that the CFTC is "bringing Hyperliquid to the U.S. in a fully compliant and legal manner." Kraken's parent company, Payward, has announced plans to launch Hyperliquid's HIP-3 perpetual market for eligible U.S. customers through the CFTC-regulated Bitnomial Exchange and NinjaTrader Clearing. Coinbase has also applied to launch single-stock perpetual contracts in the U.S. Earlier this month, Ondo Finance submitted a letter to the SEC and CFTC arguing that U.S. stock perpetual contracts fall under the securities futures category as defined by the Commodity Futures Modernization Act of 2000.Wells indicated that while the U.S. version of perpetual contracts and its market structure may be similar, settlement and clearing would need to change to comply with U.S. regulations. He did not confirm any plans to enter the U.S. market, stating that the team has not "gone too far" in exploring the U.S. market.

first_img A user claimed that the 50 BTC deposited into Solv Protocol have not been withdrawn for over 2 months

User @neillee99 posted that the approximately 50 BTC held in Solv Protocol cannot be redeemed normally. The user stated that on July 8, 2026, they withdrew about 50 BTC from Binance, which was converted into SolvBTC and BTC+, aiming to earn about 3% annual yield by holding BTC+, without engaging in complex transactions.The user claimed that after the deposit, the minting and redemption functions of BTC+ suddenly paused. On July 13, a security incident occurred with BTC+, and they inquired in the official community on July 18 and July 20, but received no effective response. On July 22, Solv Protocol publicly disclosed the incident and stated that user assets were not harmed. On July 31, the project team announced the restoration of related functions, and staff informed that redemption could be initiated, but their address remained restricted, and the approximately 50 BTC corresponding assets could not be redeemed.The user stated that since July 31, they have continuously communicated through the official Discord, Telegram, and email, submitting materials such as proof of funds, transaction records, and wallet control. There have been about 60 emails exchanged between both parties, with about 50 sent by them. After contacting relevant personnel in September, they still did not receive an effective response. Their request is to lift the restrictions and restore normal redemption, while also stating that they initially came into contact with BTC+ through the BTC earnings-related page of Binance Web3 Wallet, and calling on Solv Protocol, Venus Protocol, and relevant investors and ecosystem parties to pay attention to the progress of the handling.
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