The Daily Hodl

Kalshi Pushes into Traditional Derivatives with Copper Perpetual Futures Seeking CFTC Approval

August 21, 202611:30 AM
Kalshi Pushes into Traditional Derivatives with Copper Perpetual Futures Seeking CFTC Approval

Prediction markets platform Kalshi is making a strategic move into traditional derivatives by filing with the CFTC for approval to launch regulated perpetual futures contracts on copper spot prices. This expansion represents a significant pivot for the platform, which will leverage Pyth Network's oracle data to determine copper prices in real-time, marking its entry into the established commodities derivatives market.

Kalshi's push into copper perpetual futures, one of the most important industrial metals, could signal a new era of democratizing access to markets traditionally dominated by financial institutions. If approved by the U.S. regulator, this product would offer investors a regulated way to gain exposure to copper market volatility, potentially increasing market liquidity and efficiency while opening new data sources through Pyth Network's oracle technology.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

Read Full Article at The Daily Hodl
QR Code Lightning

Support Jornal Bitcoin

Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.

Wallet of Satoshi
jonata@walletofsatoshi.com

Daily Crypto Brief 📬

Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.

Join more than 10,000 smart readers.

Related News

Bitcoin Nears $80K as CFTC Steps Up to Provide Crypto Clarity Congress Won't
Decrypt

Bitcoin Nears $80K as CFTC Steps Up to Provide Crypto Clarity Congress Won't

As Bitcoin approaches the $80K milestone, the crypto market witnesses unprecedented momentum with major cryptocurrencies and altcoins like Pump and ZEC posting significant gains. Amidst this bull run, the CFTC emerges as a potential game-changer, positioning itself to provide regulatory clarity in a space where Congress has failed to act decisively. The Commodity Futures Trading Commission's proactive stance could reshape the regulatory landscape for digital assets, offering much-needed guidance for institutional investors and retail traders alike. This potential clarity comes at a critical juncture as market participants increasingly demand proper frameworks to navigate the rapidly evolving crypto ecosystem, potentially accelerating mainstream adoption and setting the stage for the next phase of crypto growth.
CFTC Steps In: Crypto Rules Coming If Congress Fails on Clarity Act
Portal do Bitcoin

CFTC Steps In: Crypto Rules Coming If Congress Fails on Clarity Act

The Commodity Futures Trading Commission (CFTC) is preparing to take the lead in cryptocurrency regulation in the United States, should Congress fail to approve the Clarity Act. The agency's president is actively analyzing a regulatory framework that could be implemented independently, marking a potential turning point in digital asset oversight. This CFTC initiative represents a strategic move to fill an increasingly significant regulatory gap in the crypto ecosystem. While legislators debate specific legislation, the agency stands ready to establish clear guidelines for exchanges, stablecoins, and other digital financial products, signaling increased federal oversight that will impact innovation and cryptocurrency adoption.
Hyperliquid's HYPE Token Outperforms Bear Market as AQAv2 Launch Approaches
Bitcoin.com

Hyperliquid's HYPE Token Outperforms Bear Market as AQAv2 Launch Approaches

Hyperliquid's HYPE token is holding strong near $73 as trader Pentosh1 argues its fee-burn engine, set to expand under AQAv2, makes it one of the strongest bets heading into the next bull run. With the imminent launch of AQAv2, the Hyperliquid ecosystem shows exceptional potential for crypto investors. The expansion of the fee-burn mechanism under AQAv2 positions HYPE as a distinct asset in the derivatives market, offering intrinsic value beyond mere speculation. As the crypto market faces volatility, HYPE emerges as a promising option for those seeking exposure to fundamentally sound projects with robust and transparent economic mechanisms.
Trump Signals Onshore Approval for $200B Hyperliquid, Setting Stage for Major US Crypto Rule Rewrite
CryptoSlate★ Featured

Trump Signals Onshore Approval for $200B Hyperliquid, Setting Stage for Major US Crypto Rule Rewrite

President Donald Trump announced on August 19 that CFTC Chair Michael Selig is working to bring Hyperliquid to the US in a fully compliant, legal manner. The on-chain platform, which handles over $200 billion in value, currently blocks US persons from accessing its services, operating outside American regulatory oversight. This development signals a potential major shift in US cryptocurrency regulations under the Trump administration, as the government seeks to bring large on-chain exchanges within American jurisdiction. Hyperliquid, one of the world's largest cryptocurrency perpetual futures venues, could set a precedent for the new regulatory approach, potentially paving the way for other major platforms to follow suit with compliance.
Bitcoin Surges Toward $80,000, Wiping Out Record $4 Billion in Short Bets
CryptoSlate★ Featured

Bitcoin Surges Toward $80,000, Wiping Out Record $4 Billion in Short Bets

Bitcoin is rapidly approaching the psychological $80,000 mark, fueled by a three-day rally that has liquidated over $4 billion in bearish bets, setting a new record in the crypto market. The leading cryptocurrency reached $78,449, its highest level in three months, gaining more than 10% in the past 24 hours alone.

This significant price movement is having profound effects on the derivatives market, forcing many traders who bet against the price to close positions at massive losses. The increased demand and destruction of short positions have created a bullish cycle that could further propel the price, with analysts closely monitoring whether the $80,000 resistance level will be breached in upcoming sessions.
Oil Prices Surge for Second Week as US-Iran Tensions Escalate
Crypto Briefing

Oil Prices Surge for Second Week as US-Iran Tensions Escalate

Oil prices are set for their second consecutive weekly surge, driven by escalating geopolitical tensions between the United States and Iran that are disrupting global energy supply chains. The commodity market is reacting to political uncertainties, with analysts predicting continued volatility as international relations remain strained in one of the world's most critical oil-producing regions.

This oil price surge has profound implications for the global economy, directly impacting transportation costs, inflation rates, and energy policy decisions worldwide. Investors and governments are closely monitoring the situation in the Middle East, while the cryptocurrency market may also feel indirect effects, with assets like Bitcoin being considered by some as a hedge against traditional energy market instability.
Jornal Bitcoin Logo