Cboe Global Markets is considering converting its Bitcoin and Ether continuous futures contracts into perpetual futures, according to ETF Store President Nate Geraci. The move would align the exchange with the dominant structure in crypto derivatives, where perpetuals have become the standard trading instrument.
Market and Regulatory Highlights
In other developments, Visa reported second-quarter revenue of $11.2 billion, up 17% year-over-year, with its stablecoin settlement pilot reaching an annualized volume of $7 billion. Meanwhile, the Japanese yen weakened to its lowest level in nearly 39 years, adding pressure on global markets.
Crypto Industry Shifts
Andreessen Horowitz's crypto arm, a16z Crypto, declared that the industry has entered a "Show Me" era, where mere vision is no longer sufficient for success. Separately, Bankless co-founder David Hoffman, who recently sold his ETH holdings, announced support for Ethlabs, calling it "the brightest future for Ethereum."
Legal and Governance Updates
Bitcoin miner Hut 8 agreed to pay $2.35 million to settle a shareholder class-action lawsuit. A South Korean court ordered Cross Finance to pay Coinone approximately $234,000 in damages. Goldfinch's community proposal to enter maintenance mode and gradually wind down its Prime business has received 100% approval so far.
Token Movements and Exchange News
An address that has accumulated 425 million ONDO tokens received another 150 million ONDO from the Ondo team's multi-signature wallet eight hours ago. Binance co-founder He Yi accused CoinUp operator Zhu Pan of impersonating others to defraud her and also impersonating her to defraud Tron founder Justin Sun.