Coinbase Unveils CFTC-Cleared Perpetual Futures and Bitcoin-Backed Credit Card
Coinbase is making waves in the U.S. cryptocurrency market with two major announcements: the introduction of CFTC-cleared perpetual futures and a Bitcoin-backed credit card. These initiatives, revealed during the exchange's annual event, mark a significant expansion into derivatives and mainstream financial products. Max Branzburg, Coinbase's head of consumer products, confirmed the launch, signaling a bullish future for Bitcoin and the broader crypto market. This move is expected to attract more institutional and retail investors, further solidifying Bitcoin's position as a leading digital asset.
Coinbase Expands Offerings with CFTC-Cleared Perpetual Futures and Bitcoin-Backed Credit Card
Coinbase is set to revolutionize the U.S. crypto market with two groundbreaking announcements: CFTC-cleared perpetual futures and a Bitcoin-backed credit card. The exchange revealed these initiatives during its annual event, signaling a major push into derivatives and mainstream financial products.
Max Branzburg, Coinbase's head of consumer products, confirmed the launch of perpetual futures contracts under CFTC oversight. These products will mirror offshore perpetuals while adhering to U.S. margin and clearing rules. Derivatives now dominate crypto trading volumes globally, with Coinbase International Exchange alone processing $5 billion in retail perpetual volume during May.
The Bitcoin rewards credit card, launching fall 2025 through a partnership with First Electronic Bank and American Express, offers 4% back in BTC on purchases. Exclusive to Coinbase One subscribers paying $49 monthly, the card eliminates foreign transaction fees and allows repayment via linked bank accounts or crypto balances.
MFH Launches $800M Bitcoin Treasury Strategy with Blockchain Integration
Mercurity Fintech Holding Inc. has unveiled an ambitious $800 million fundraising initiative to establish a long-term bitcoin treasury strategy. The plan integrates institutional custody solutions, on-chain staking, and tokenized treasury management—a move that signals growing institutional confidence in blockchain-based financial infrastructure.
The strategy leverages Bitcoin's scarcity and blockchain's programmability to optimize capital efficiency. By employing tokenization, MFH aims to unlock liquidity and yield-generation opportunities rarely accessible through traditional treasury models.
This development coincides with MFH's anticipated inclusion in the FTSE Russell 2025 index, marking a significant milestone in cryptocurrency's journey toward mainstream financial recognition. The initiative reflects a broader trend of corporations adopting Bitcoin as a strategic reserve asset.
Galaxy Digital's Helios AI Mining Center: A Strategic Deep Dive
Galaxy Digital, structured akin to Berkshire Hathaway, operates at the intersection of digital assets and AI infrastructure. Its diversified portfolio spans financial services, staking solutions, and now, AI-driven mining through its flagship Helios facility.
The company's liquid assets, including BTC, underscore its bullish stance on crypto's long-term viability. Helios represents a convergence of mining and artificial intelligence—a bet on next-generation infrastructure for an increasingly data-driven economy.
Galaxy's financial services arm remains a cornerstone, offering institutional-grade OTC trading, lending, and asset management. This multifaceted approach positions the firm as a bridge between traditional finance and decentralized ecosystems.
Bitcoin Surges Past PKR 25.8 Million in Pakistan Amid Global Market Recovery
Bitcoin (BTC) has surged to PKR 25,828,751.86 in Pakistan today, reflecting a modest global market recovery. The cryptocurrency's price increase comes amid cautious optimism, though analysts warn the rally may falter if support levels are not maintained.
The global crypto market capitalization ROSE 2.08% to $3.22 trillion, with trading volume up 2.21% to $96.3 billion in 24 hours. Despite the uptick, the Crypto Fear & Greed Index remains at 37, signaling persistent investor apprehension.
Internationally, Bitcoin traded at $98,095.43, a 1.22% daily gain, with its market cap reaching $1.94 trillion. Trading volume soared to $36.17 billion in the same period, underscoring BTC's dominance in the digital asset space.
Coinbase Unveils New Products to Boost Crypto Adoption
Coinbase Global Inc. has launched a suite of new products aimed at accelerating mainstream cryptocurrency adoption. The centerpiece is the Coinbase One Card, a collaboration with American Express offering 4% Bitcoin rewards on purchases. The exchange also introduced perpetual futures trading in the U.S., with plans for global expansion, alongside new business solutions for crypto entrepreneurs.
A strategic partnership with Shopify will enable USDC payments via Base network, signaling Coinbase's push into commerce integrations. These moves come as the exchange seeks to regain market share lost to competitors like Binance and Bybit, following past criticism of customer service issues during market turmoil.
Trump Declares Himself ‘Crypto President’, Pushes Stablecoin Bill and National Bitcoin Reserve
Former President Donald TRUMP has positioned himself as a champion of cryptocurrency, dubbing himself the 'Crypto President' in a pre-recorded message. He highlighted the GENIUS Act, a legislative effort to establish a regulatory framework for dollar-backed stablecoins with state-level support. "We’re working with governors to get the GENIUS Act passed," Trump said, emphasizing his goal to create clear market frameworks that would allow the U.S. to dominate the crypto and Bitcoin space.
The GENIUS Act marks a significant shift for stablecoins, which have long operated in a regulatory gray area. With the global stablecoin market nearing $232 billion, the legislation could provide much-needed clarity. The timing is strategic: the Senate is preparing a procedural vote on the bill, while House committees advance separate market structure legislation. For the first time in years, Congress appears poised to take meaningful action on digital assets—albeit at a measured pace.
Trump’s pro-crypto rhetoric comes amid a historically hostile regulatory environment. Yet his push for a national Bitcoin reserve and state-backed stablecoins signals a potential turning point. The GENIUS Act, if passed, could cement the U.S. as a leader in the evolving crypto landscape.
