Xi Hosts Taiwan Opposition Leader In Rare Meeting: 'We Will Not Become A Chessboard For External Intervention'

Why CME Is Really Suing The CFTC Over Perps Authored by David Christopher via Bankless.com, CME wants Kalshi's Bitcoin perp reclassified as a swap, not banned. That distinction reveals what's actually at stake in the CFTC lawsuit. Yesterday, CME, the country's dominant derivatives exchange, sued the CFTC over its recent approval of regulated crypto perpetual futures. The exchange argues Kalshi's  Bitcoin perp should be treated as a swap, not a futures contract, a classification shift that would push the product into a more restrictive, institution-facing rulebook. The CFTC called the suit "frivolous" and said it looks forward to dismissing...

A Ukrainian drone attack on Monday hit the Russian city of Nizhnekamsk in the Tatarstan region, more than 600 miles from the Ukrainian border, and killed at least 13 people, including a child, and wounded 75, as the US-backed Ukrainian drone attacks continue to inflict a significant toll on civilians. Russian Foreign Ministry spokesman Maria […]

CLARITY Act Failure Could Send Crypto Valuations Lower: Bernstein Authored by Zoltan Vardai via CoinTelegraph.com, The odds of the Digital Asset Market Clarity Act’s (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another leg down for cryptocurrency valuations, according to wealth manager Bernstein. Bernstein said that the Senate’s failure to pass the legislation could trigger an immediate negative “industry knee-jerk reaction,” which may result in another leg down for Bitcoin and the broader crypto market. “From a tactical standpoint, we...