On May 29, the CFTC Chairman announced that the crypto perpetual futures market is entering the U.S. after years of operating offshore. Kalshi and Coinbase received permission to bring these futures to U.S. investors. CME Group launched 24/7 trading for Ethereum futures, and VanEck introduced the first U.S.-listed ETF tied to Binance Coin (BNB). The market experienced significant volatility, with the synthetic SpaceX perpetual contract crashing by 45% within 30 minutes, wiping out over $1.5 million in leveraged positions.
