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Crypto & Web3CoinDesk ·

Perpetual Futures Systemic Risk Lies in Venue Design, Not Contract Type

Chris Tyrer, President of Bullish Exchange, argues that perpetual futures contracts are not inherently dangerous as they enter regulated markets. Critics have raised concerns that perpetuals import systemic risk into traditional finance, but Tyrer disputes this framing. He contends that the real risk originates from how trading venues are structured, including leverage limits, margin rules, index construction, and default handling mechanisms. According to Tyrer, focusing regulatory scrutiny on the contract itself misidentifies the source of potential instability.

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Crypto & Web3CoinDesk ·

BNY Mellon to add blockchain layer to its $8.6 trillion transfer agency business

BNY Mellon, the world's largest custodian bank, is moving to integrate blockchain technology into its transfer agency operations. The initiative targets the $8.6 trillion transfer agency market by introducing a digital ownership record for tokenized funds. Rather than replacing its existing infrastructure, BNY plans to run the blockchain layer alongside its current system. The move signals growing institutional interest in using distributed ledger technology to modernize fund record-keeping.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Above $64,000 Ahead of Federal Reserve Rate Decision

Bitcoin rose 0.75% to stabilize above $64,000 as markets awaited a key Federal Reserve interest rate decision. Investors are closely watching the Fed's move, which could significantly influence crypto market sentiment. Persistent inflation at 4.1% keeps the possibility of a rate hike firmly in play. Easing oil prices have offered some relief, though they have not been enough to take a rate increase off the table.

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Crypto & Web3CoinDesk ·

Binance launches gold and silver options after commodity futures see billions in daily volume

Binance has introduced options trading for gold and silver on its crypto exchange platform. The move follows strong user demand for the exchange's existing gold and silver perpetual futures contracts. Those commodity futures products have been attracting billions of dollars in daily trading volume. By expanding into options, Binance aims to offer traders additional tools to hedge or speculate on precious metal prices.

3 reasons Wednesday's Fed meeting is pivotal for BTC · ShortSingh