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Prediction market Polymarket announced on its official X account that it plans to launch a perpetual futures service. Previously, Kalshi also announced plans to launch a crypto perpetual futures service.

The crypto market saw a downturn after Federal Reserve Chair nominee Kevin Warsh stated that U.S. President Donald Trump had not asked him to cut interest rates, according to an analysis by CoinDesk. Bitcoin, which had been trading just under $77,000, fell to the $75,000 level during Warsh's confirmation hearing. The decline mirrored a broader market trend, with both the Nasdaq and S&P 500 also falling. Matt Mena, an analyst at crypto ETP issuer 21Shares, noted that while Warsh's comments suggest less urgency for rate cuts, he would likely still favor them as chair. Mena explained that for years, Warsh has argued that the central bank's reliance on lagging data keeps rates unnecessarily high, hindering growth and causing market volatility. He added that Warsh's appointment could also positively impact crypto policy, as he would be the first Fed Chair with deep ties to the industry. Mena predicted that more aggressive monetary easing in the second half of 2026 could see Bitcoin recover to $100,000.

Bitcoin financial platform River Financial reported via its official X account that Strategy's (MSTR) perpetual preferred stock, STRC, has purchased 10 times more Bitcoin this year than all spot ETFs combined. MSTR pays STRC holders a monthly variable dividend targeting 9% annually. The dividend rate decreases if STRC trades above $100 and increases if it trades below $100.

U.S. Vice President Vance is visiting Islamabad, Pakistan, today, according to CNN. The New York Times (NYT) had previously reported that the visit was on hold.

Neobank Revolut, which provides cryptocurrency and crypto-related stock investment services, is targeting a valuation of up to $200 billion in its planned 2028 initial public offering (IPO), CoinDesk reported, citing the Financial Times. The company has applied for a banking license from the U.S. Office of the Comptroller of the Currency (OCC) and plans to gradually increase its valuation through an additional share sale this year.

Vice President Vance's planned visit to Islamabad, Pakistan, has been postponed, The New York Times (NYT) reported, citing a U.S. official. The outlet noted that the delay was caused by the Iranian leadership's indecision on attending a second round of peace talks. Iran is reportedly delaying its decision amid internal opposition arguing that talks cannot proceed while a U.S. naval blockade remains in effect. U.S. President Donald Trump has made it clear that the ceasefire deadline will not be extended and has previously stated his readiness to take military action if an agreement fails.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Middle East envoy Witkoff and former White House senior advisor Kushner have not left the United States, The New York Times reported, citing a White House official. They were scheduled to visit Pakistan as part of a U.S. delegation with Vice President Vance, but all three officials are currently in the U.S.

U.S. Federal Reserve chairman nominee Kevin Warsh said the Fed does not have the right to issue a CBDC, according to a post on X by Eleanor Terrett, host of Crypto in America. Warsh added that even if he had the authority as chairman, he would not push for the adoption of a CBDC, stating his agreement that it would be the wrong policy choice.

Kevin Warsh, a nominee for Federal Reserve chairman, said that while inflation trends are improving, more effort is still needed.

Prediction market Kalshi is planning to launch a cryptocurrency perpetual futures trading service, according to The Information.

Bitcoin has entered a profit zone for short-term holders, potentially signaling the early stages of a bull market, according to a recent report from Grayscale. Zach Pandl, the firm's head of research, explained that BTC's recent Realized Price of $74,000 indicates that investors who entered the market recently are now in profitable positions. He suggested this could be an indicator of an early-stage bull market. Pandl also noted that although BTC is currently trading below its peak from last October, the $65,000 to $70,000 range may have established a market floor.

Fed Chair nominee Kevin Warsh, when asked whether a press conference should be held after every Federal Open Market Committee (FOMC) meeting, replied that there is no lack of transparency.

A White House official said U.S. Vice President JD Vance has not yet departed for his trip to Iran for talks.

New York authorities have sued Coinbase (COIN) and Gemini (GEMI) for violating state law, Unfolded reported, citing Reuters. The lawsuit alleges that the companies' prediction market subsidiaries broke state gambling laws. This action follows a warning issued by the New York Attorney General in February regarding potential gambling law violations by prediction markets. In January, Coinbase launched a prediction market product for U.S. users in partnership with Kalshi. Meanwhile, Gemini's subsidiary, Gemini Titan, has been operating its own platform after obtaining a Designated Contract Market (DCM) license from the Commodity Futures Trading Commission (CFTC). The lawsuit was filed amid escalating legal disputes between state gambling regulators and federal agencies like the CFTC.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, and the bottom shows the CVD. - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price consolidates in a certain range or makes a significant move. These brighter areas can potentially act as support or resistance. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. The corresponding colored line rises as buy orders increase. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders ranging from $1 million to $10 million.

Kevin Warsh, a nominee for Federal Reserve Chair, said at his confirmation hearing that digital assets are already part of the U.S. financial services industry. His remark came in response to a question from U.S. Senator Cynthia Lummis, who asked if he believes digital assets should be integrated into the financial system to provide Americans with new investment opportunities and consumer protections. Warsh is known to have made early-stage investments in crypto infrastructure and has reportedly agreed to sell most of his financial assets.

Paul Grewal, Chief Legal Officer (CLO) of Coinbase (COIN), stated via X that U.S. lawmakers cannot support the CLARITY Act for market structure while also opposing compensation for customers in the form of interest payments. He argued that they must choose one or the other, adding that it is now time to make that choice.

The PACE Act has been introduced in the U.S. Congress to allow fintech and cryptocurrency firms direct access to Federal Reserve payment services, Crypto-in-America host Eleanor Terrett reported on X. The legislation aims to lower consumer fees by enabling companies with a license from the U.S. Office of the Comptroller of the Currency (OCC) to provide direct payment services without going through complex banking steps. The bill also specifies that the Federal Reserve Board of Governors would directly exercise the authority to approve these accounts.

An anonymous whale address starting with 0x3487 withdrew 35,000 ETH ($80.7 million) from Binance over the past two hours, depositing the funds into crypto custody firm BitGo (BTGO), Lookonchain reported. Withdrawals from exchanges are typically interpreted as a move to hold.

Federal Reserve Chairman nominee Kevin Warsh stated that the current trend in inflation is very favorable.

U.S. Federal Reserve Chairman nominee Kevin Warsh said he does not believe tariffs are the cause of higher-than-expected inflation.

Kevin Warsh, a candidate for U.S. Federal Reserve Chairman, stated that President Donald Trump has never asked him to pre-commit on interest rate decisions and that he would not agree to such a demand. When asked if he would be a puppet for the president, Warsh firmly denied the suggestion, adding that he does not know why President Trump chose him.

Coinbase has announced the listing of SIGN.