Kalshi Targets US Crypto Perpetuals Market Launch

Prediction market giant Kalshi is aggressively expanding into the United States derivatives sector by preparing to launch crypto perpetual futures contracts. This strategic maneuver targets the high demand for digital asset products that have historically resided on offshore exchanges outside the reach of domestic regulatory oversight.

The platform intends to offer leveraged bets on Bitcoin prices without fixed expiration dates using its existing Commodity Futures Trading Commission licenses. By securing approval for margin trading, the firm positions itself as a formidable rival to Coinbase while crypto trading volumes decline during the current market downturn.

Kalshi executed this expansion as shifting regulatory conditions finally allow sophisticated financial instruments to trade natively within the American market infrastructure. The move follows successful pilot programs for tokenized assets where major dealers proved that blockchain systems can handle complex settlement mechanics for high grade government securities.

Investors are watching this convergence closely as prediction platforms and traditional exchanges fight for a shared base of retail and institutional traders. This competitive landscape will fundamentally transform how participants access digital liquidity as Kalshi utilizes its regulated foundation to capture market share from established industry titans.

DoorDash Eyes Stablecoin Payouts Across 40 Countries

DoorDash is working with Tempo to introduce stablecoin-powered payouts, bringing crypto payment rails into the money flows of a delivery platform spanning more than 40 countries. The effort was announced alongside deployments by Stripe, Coastal Bank, and ARQ. DoorDash said it will begin where faster settlement produces the clearest savings.

The first use case appears focused on merchant payouts, though the model could later extend to drivers and contractors across international markets. Tempo pitches sub-second finality, dollar-based fees, and payment-specific infrastructure. The launch also arrives as stablecoin supply tops $300 billion and usage shifts further into commerce and treasury flows.

Arbitrum Freezes $71.5 Million From Kelp Exploit

Arbitrum’s Security Council froze 30,766 ETH worth about $71.5 million linked to the KelpDAO exploit, acting after law-enforcement input on the suspected attacker’s identity. The funds were moved into an intermediary wallet. From there, they can only be released through additional Arbitrum governance action coordinated with relevant parties.

The intervention followed KelpDAO’s $292 million rsETH exploit and has reignited arguments over emergency powers on major Layer 2 networks. Supporters praised a rapid security response that may preserve recoverable assets. Critics argued the episode exposes how decentralization can bend when elected signers retain the authority to freeze funds.

New York Seeks $3.4 Billion Over Prediction Markets

New York sued Coinbase and Gemini over prediction markets, alleging the companies are running illegal gambling operations and exposing users as young as 18 to wagering products. Attorney General Letitia James is seeking at least $2.2 billion from Coinbase. Gemini faces a separate claim for at least $1.2 billion.

The lawsuits target sports, politics, and entertainment contracts, striking at a sector that insists event markets belong under federal commodities oversight rather than state gambling law. Coinbase said it will keep fighting for CFTC authority over these markets. Legal observers expect the jurisdictional battle to keep climbing through the courts.

Data of the Day

A Börse Stuttgart Digital survey found 35% of European investors would consider switching banks for better crypto offerings, suggesting digital assets are starting to influence mainstream financial choices. The poll covered about 6,000 investors across Germany, Italy, Spain, and France. Nearly one in five expects bank crypto access within three years.

Regulation and education still stand in the way, with 76% describing crypto as insufficiently regulated and more than 60% saying they feel poorly informed. MiCA appears to be easing some of that distrust. Nearly half of respondents said the framework made digital assets feel safer and more attractive.

More Breaking News

• The UK will rewrite payments rules for stablecoins, tokenization, and AI-driven transactions while naming former FCA official Chris Woolard to help steer its digital markets strategy.
• Bank of Korea Governor Shin Hyun-song used his first policy address to prioritize CBDCs and deposit tokens, sidelining stablecoins as lawmakers keep debating private digital-currency rules.
• The Philippine SEC warned against dYdX and six other crypto platforms, saying unregistered operators and promoters could face penalties reaching 5 million pesos and 21 years in prison.
• Japan’s JSCC, Mizuho, and Nomura launched a blockchain trial for government bonds, testing whether JGBs can function as real-time digital collateral across institutional and cross-border workflows.
• OCBC launched a tokenized physical gold fund on Ethereum and Solana, targeting institutions as tokenized real-world assets on public blockchains climbed past $29 billion.
• A bipartisan US bill would open Federal Reserve payment rails to qualified nonbanks, winning crypto industry backing for a plan promising faster, cheaper settlement and stronger competition.
• Tether disclosed an 8.2% stake in Antalpha, deepening its push into bitcoin mining finance as it spreads profits across crypto infrastructure, tokenization, banking, and AI.
• Revolut is targeting an IPO valuation of up to $200 billion by 2028, just months after a share sale valued Europe’s largest fintech at $75 billion.

For the latest updates on digital asset markets, follow us on X @Datawalletcom.