If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

On May 29, the U.S. Commodity Futures Trading Commission (CFTC) announced it has given the green light to KalshiEX’s BTCPERP contract. This product is a perpetual futures contract linked to the Bitcoin spot price, categorized as a standard futures contract. Kalshi filed its application with the CFTC that same day, in full compliance with applicable regulatory rules. After completing its review, the CFTC confirmed the BTCPERP contract adheres to the Commodity Exchange Act and all relevant regulatory requirements—including core principles for Designated Contract Markets (DCMs). Regulators also noted that perpetual contracts are not a fit for every asset class, and encouraged market participants to reach out to regulatory agencies when considering perpetual contract products for other assets, while emphasizing the need to submit formal applications to list such offerings through the official approval process.

Binance put out a teaser on X on May 29, revealing that a new product is set to be unveiled on June 1.

On May 29, the U.S. Commodity Futures Trading Commission’s (CFTC) divisions of Clearing and Risk, Market Oversight, and Market Participants released joint staff guidance focused on regulatory oversight of 24/7 trading, clearing, and settlement operations. With market interest in 24/7 trading models on the rise, the CFTC said the guidance is intended to foster responsible market innovation, while reminding designated contract markets, swap execution facilities, derivatives clearing organizations, and futures commission merchants of their obligations under the Commodity Exchange Act and accompanying rules. The guidance primarily lays out the regulatory responsibilities and staff expectations for entities looking to launch 24/7 trading and clearing operations, with a focus on key differences across asset classes when evaluating whether 24/7 trading, clearing, and settlement make sense for their products. For instance, the CFTC pointed out that crypto asset derivatives may be better s

On May 29, per Forbes, Anthony Pompliano—cryptocurrency entrepreneur and CEO of Bitcoin treasury firm ProCap—said the U.S. government won’t stop printing money, and the dollar’s ongoing devaluation could eventually push Bitcoin’s price to $1 million. Pompliano told CNBC, “Bitcoin has no top because the U.S. dollar has no bottom.” He explained that U.S. government spending keeps expanding, and even though the Trump administration tried to cut fiscal spending, the country’s national debt is now nearly $40 trillion. Data shows the Federal Reserve’s balance sheet has swelled to around $6.3 trillion over the past year, while the M2 money supply has climbed to a record high of roughly $22.7 trillion. Pompliano noted that amid this ongoing government money printing, non-productive assets like gold and Bitcoin have continued to outperform the stock market. When it comes to when Bitcoin will hit $1 million, however, Pompliano said: “Predicting the price is straightforward—pinpointing the exact

May 29th – Per data from Bitget, the AI application software sector posted broad-based gains. Asana (ASAN) rallied over 15%, ServiceNow (NOW) climbed nearly 10%, Atlassian (TEAM) advanced more than 7%, while MongoDB (MDB) and Salesforce (CRM) each rose by over 5%. Palantir (PLTR) and Workday (WDAY) both added close to 4%.

Bitget’s data as of May 29 shows U.S. stocks opened slightly higher during the market session: the Dow rose 0.18%, the S&P 500 gained 0.09%, and the Nasdaq climbed 0.16%. Dell (DELL.N) surged over 30% in early trading, driven by first-quarter results that crushed analysts’ expectations. AI server manufacturers also rallied notably—Super Micro Computer Inc. (SMCI.O) jumped more than 7%, while HP Inc. (HPQ.N) added over 6%.