[News Brief] May 30, morning | CFTC Approves Listing of KalshiEX’s Bitcoin Perpetual Contract 'BTCPERP'

The U.S. Commodity Futures Trading Commission (CFTC) has approved the listing of KalshiEX’s spot Bitcoin price-linked perpetual contract, 'BTCPERP.'

According to Odaily, the CFTC determined that the contract complies with the Commodity Exchange Act, related regulations, and the core principles applicable to designated contract markets (DCMs). Kalshi must comply with CFTC rules throughout the listing and operational process.

The CFTC noted that the perpetual contract structure is not suitable for every asset class, and recommended that assets with unclear applicability undergo voluntary review before proceeding with approval.

Coinbase subsidiary Coinbase Financial Markets has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to provide global crypto derivatives services to U.S. institutional clients, PANews reported on the 29th.

With this approval, Coinbase can offer institutional clients access to crypto perpetual futures and options markets through a regulated futures commission merchant (FCM) channel in the United States. Previously, U.S. institutions generally had to use offshore entities to access overseas platforms such as Deribit.

Coinbase currently supports Deribit Bitcoin options and plans to expand contract and collateral types, launch perpetual contracts, and gradually roll out services for retail investors.

President Trump said he is heading to the White House Situation Room to make a final decision on the Iran issue.

According to PANews, Trump said Iran must commit not to possess nuclear weapons and must immediately reopen the Strait of Hormuz and lift all transit restrictions.

He said the United States and Iran had reached agreements on multiple issues, including clearing mines in the Strait of Hormuz, ending the maritime blockade, and handling Iran’s underground enriched nuclear materials.

Trump added that the United States would work with Iran and the International Atomic Energy Agency (IAEA) to dispose of the relevant enriched nuclear materials, emphasizing that “there will be no financial exchanges until further notice.”

If implemented, the agreement could affect Middle East geopolitics, the global energy market, and risk-asset sentiment.

On-chain analyst ZachXBT said Circle blacklisted the Ethereum-based Confidential USDC (cUSDC) contract of the Zama protocol about seven hours earlier.

As a result, roughly $12.6 million worth of USDC held in the contract was frozen. ZachXBT explained that the cUSDC contract had been publicly identified in Zama’s official documentation and on block explorers.

The specific reason for the freeze has not yet been confirmed. ZachXBT previously claimed that in March 2026, Circle froze more than 16 hot wallet addresses belonging to companies, protocols, and service providers without transparent explanations.

The U.S. Securities and Exchange Commission (SEC) has charged Texas resident Nathan Fuller in connection with an alleged fraudulent investment scheme involving a fake “AI virtual asset trading bot,” according to Odaily.

According to the SEC, from October 2022 to mid-2024, Fuller raised about $12.3 million from roughly 150 investors by selling interests in crypto investment offerings under the names Privvy Investments and Gateway Digital Investments.

He allegedly promoted an “AI high-frequency arbitrage bot” that could trade crypto assets and generate guaranteed returns of 40% to 100% or more within 21 to 45 days.

The SEC said the trading bot did not operate as advertised, and that Fuller misappropriated at least $6.2 million for personal use while using about $5.5 million to pay earlier investors with funds from new investors in a Ponzi-like manner.

The SEC also alleged that Fuller falsely claimed investor funds were protected by FDIC insurance, surety bonds, and professional liability insurance, and misled investors with fabricated account statements and other materials.

The SEC filed the lawsuit in the U.S. District Court for the Southern District of Texas, seeking a permanent injunction, disgorgement of ill-gotten gains, and civil penalties.

Cross-chain bridge Gravity Bridge was reportedly exploited after contract keys were compromised, with about $5.4 million in assets believed to have been stolen.

According to PANews, on-chain analytics firm Specter said the attacker stole about $4.3 million in USDC, 274 WETH (about $553,000), $434,000 in USDT, and $64,000 in PAYG.

Gravity Bridge has not yet issued an official statement regarding the incident.

According to SoSoValue data, U.S. spot Bitcoin ETFs recorded a total net outflow of $125 million on May 29 Eastern Time.

By product, BlackRock’s IBIT posted the largest net outflow at $68.1994 million. IBIT’s cumulative net inflow stands at $63.807 billion.

Fidelity’s FBTC recorded a net outflow of $31.9473 million, bringing its cumulative net inflow to $10.595 billion.

Total net assets across all spot Bitcoin ETFs stood at $94.169 billion, representing 6.38% of Bitcoin’s total market capitalization. Cumulative net inflows totaled $55.663 billion.

U.S. Senator Cynthia Lummis said that if Congress fails to pass crypto-related legislation during this session, the next legislative opportunity may not come until 2030.

According to Wu Blockchain, Lummis said that without legislation, developers would struggle to obtain legal protections, and law enforcement would lack adequate tools to hold bad actors accountable.

She said the CLARITY Act is intended to address these issues. The bill has been regarded as a key part of efforts to establish a clearer regulatory framework for digital assets in the United States.

Bipartisan U.S. lawmakers have introduced the PARITY Act to overhaul the digital asset tax framework.

The bill aims to enhance investor protection, improve market certainty, and modernize tax rules.

According to Forbes, Democratic Representative Steven Horsford and Republican Representative Max Miller formally introduced the “Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Benefits Act” (PARITY).

House Ways and Means Committee Chairman Jason Smith said bipartisan support is necessary to pass crypto tax legislation. Earlier, Congress released a draft crypto tax policy in March and discussed the framework at a bipartisan roundtable in May.

Representatives Horsford and Miller are leading negotiations, and the target for passage is by the end of 2026. The PARITY Act is being advanced alongside the Senate’s CLARITY Act.

According to Odaily, MLM said that an account which withdrew about $29.3 million worth of USDC from Coinbase three days ago has begun converting the funds into DAI, raising suspicions that the funds may be linked to a hack or phishing incident.

The account later converted the DAI back into USDC and purchased Monero (XMR) through multiple wallets. Analysis shows the related addresses bought a total of about $23 million worth of XMR between roughly 17 hours ago and 4 hours ago, during which XMR rose about 15%.

The accounts currently hold about $4 million worth of DAI on-chain, but no additional XMR purchases have been observed.