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Kraken plans to launch U.S. compliant Bitcoin perpetual contracts within the next 30 days

Cryptocurrency exchange Kraken stated that after the U.S. Commodity Futures Trading Commission (CFTC) approved Bitcoin spot-linked perpetual futures contracts, the company plans to launch regulated Bitcoin perpetual contract products for U.S. institutional clients within the next 30 days. Kraken mentioned that the related products will be available on its parent company Payward's recently acquired CFTC-regulated trading platform Bitnomial Exchange.Previously, Payward announced in April that it would acquire the crypto derivatives platform Bitnomial for up to $550 million to expand its presence in the crypto derivatives market. Meanwhile, Coinbase also quickly followed suit after the CFTC approval, providing U.S. institutional clients with access to global crypto options and perpetual contract markets through its futures brokerage business. As the regulatory framework gradually clarifies, competition in the domestic U.S. crypto perpetual contract market is rapidly intensifying.CFTC Chairman Michael Selig stated that the issue has never been whether crypto asset perpetual contracts will exist, but whether they will operate under U.S. regulation, U.S. standards, and the U.S. rule of law framework. Additionally, CFTC staff released guidance on 24/7 trading, clearing, and settlement on the same day, providing further regulatory support for around-the-clock trading of crypto derivatives.

Wintermute enters the prediction market making, expanding into event contract liquidity

According to The Block, quantitative market maker Wintermute has announced its entry into the prediction market sector, providing two-way quote liquidity services for several mainstream event contract platforms, marking the official expansion of its trading infrastructure into the emerging market at the intersection of crypto and traditional assets.The company stated that it has been continuously providing buy and sell bilateral quotes on multiple "leading platforms," with the total monthly trading volume of these prediction markets exceeding $20 billion this year, indicating that this sector is growing rapidly but still in the early stages of liquidity. Wintermute's annual trading volume exceeds $3.5 trillion, and this expansion further strengthens its cross-asset market-making capabilities.Jake Ostrovskis, head of OTC trading at the company, stated that prediction markets have a demand structure similar to traditional major asset classes, but liquidity is still insufficient, requiring continuous bilateral quotes to enhance price discovery efficiency and trading depth. He pointed out that tighter spreads and greater trading capacity will improve the quality of market probability signals.In the industry, institutions such as Jump Trading and Galaxy Digital have also entered this field, with some platforms like Polymarket and Kalshi having a cumulative trading volume exceeding $150 billion. Analysts believe that Wintermute's entry further promotes the integration of prediction markets and crypto infrastructure, especially in terms of stablecoin settlement, on-chain clearing, and risk management systems, as these markets gradually approach a derivatives-level institutional development structure.

The US stock market's semiconductor technology and memory chip sectors remain active, with Gate ranking among the industry leaders in contract trading volume related to MU and SNDK

Recently, the semiconductor and memory chip sectors of the US stock market have continued to strengthen, with significant increases in trading activity for related assets. According to Gate market data, Micron Technology (MU) reached a 24-hour high of $951.26, currently reported at $936.77, with a 24-hour increase of 2.76%; SanDisk (SNDK) reached a 24-hour high of $1693.83, currently reported at $1654.41, with a 24-hour increase of 5.94%.According to CoinGlass data, the 24-hour contract trading volume for MU (Micron Technology) on the Gate platform reached $15.1529 million, while SNDK (SanDisk) reached $11.2302 million, both ranking among the top in the industry, with related trading activity continuing to rise.As global demand for traditional asset allocations like US stocks continues to grow, Gate is continuously bridging cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading global mainstream assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and capital utilization flexibility.Gate has launched over 130 US stock-related perpetual contract targets, as well as over 430 CFD contract targets, and is continuously expanding its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.
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