The approval, alongside separate Coinbase and Deribit relief, signals a growing regulatory framework for crypto perpetual futures in U.S. markets.
Texas published a request for proposals to hire a custodian that will transfer its strategic Bitcoin reserve from BlackRock's ETF to direct custody. The state allocated $10 million to the reserve and requires the winning firm to complete the transition from IBIT to self-custodied BTC within 60 days.
The CFTC issued an order allowing Kalshi to offer perpetual futures in the U.S., starting with contracts tied to Bitcoin's price.
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Bitcoin (BTC) has fallen 5.42% over the past seven days, trading near $73,693 on May 29, 2026. Market analysts suggest the leading cryptocurrency could face additional downside pressure as BlackRocks iShares Bitcoin Trust (IBIT) records its longest streak of outflows since launching in 2024.
Texas is taking another major step in its state-backed Bitcoin strategy by appointing a five-member advisory committee to oversee the newly established Texas Strategic Bitcoin Reserve. The announcement was made by acting Texas Comptroller Kelly Hancock, who emphasized the importance of transparency, security, and strong financial management in administering the reserve.
Strategy's potential $80B Bitcoin purchase could significantly influence market dynamics, highlighting Bitcoin's role as a strategic reserve asset. Strategy eyes $80B Bitcoin purchase, boosting market demand.
Strategy's potential $80B Bitcoin acquisition could significantly impact market dynamics, amplifying both investment risks and rewards. Strategy CEO Phong Le hints at raising $80B to buy Bitcoin.
Bitcoin miners spent years racing to secure cheap electricity, and that electricity has since become more valuable than the Bitcoin mining business built on it.
While bitcoin sellers drove the price below $74,000 on Thursday, a fresh wave of sleeping coins sprang to life, transferring 665 BTC that had remained untouched for more than a decade. In total, 665 BTC worth just over $48 million, moved during the past day, all originating from wallets created in 2014 and 2015.
U.S. spot Bitcoin ETFs have extended their losing streak to nine consecutive trading days of net outflows, marking the longest withdrawal period since the funds launched in January 2024. According to data from SoSoValue, investors have withdrawn approximately $2.8 billion during the nine-session stretch, making it the largest sustained period of selling pressure recorded for the products.
Strategys perpetual preferred security, STRC, fell to as low as $97.11 on Thursday as Bitcoin declined toward the $73,000 level. The drop highlights the ongoing relationship between Bitcoin price movements and investor sentiment toward Strategys preferred shares.