The world's largest derivatives exchange operator said Wednesday it will sue the CFTC over the agency's approval of Kalshi's bitcoin perpetual futures, arguing the contracts should be classified as swaps under the Dodd-Frank Act.

Polymarket announced early access for perpetual futures trading, while The Information reported that Kalshi is planning a similar product launch.

Tether is leading a $150M recovery initiative for Drift Protocol; the plan will also shift the perp DEX's primary settlement asset to USDT on Solana.

The second-largest perpetual futures DEX by volume began the rollout of its mainnet, which uses ZK proofs to keep trades private.

The move comes amid a broader Aptos TVL decline and less than two years after Merkle closed a $2 million seed round with participation from Aptos Labs.

The feature allows CEX users to copy top traders on the largest perp DEX.

The platform’s native token went live late eastern time, catching many traders off guard.

The DeFi protocol is releasing an onchain-offchain hybrid CLOB perp exchange on DeFi’s largest Layer 1.

The funding round, led by Founders Fund and Ribbit Capital, values the company at about $1.5 billion.

Harrison’s Architect exchange will primarily focus on TradFi assets.