Crypto Exchanges Go Mainstream as Coinbase Lists Perpetual Contracts on US Stocks

Coinbase has filed for perpetual contracts on individual US stocks, including Apple, Tesla, and NVIDIA. This marks the acceleration of traditional financial assets becoming 'crypto-ified,' as familiar US stock targets for retail investors are about to be tradable long or short 24/7.

The CFTC is taking proactive steps to advance a crypto regulatory framework, bypassing stalled Congress during a regulatory vacuum. BNY Mellon will serve as manager and custodian for the 21Shares Injective ETF application, which incorporates staking yields into its structure.

OpenAI has reportedly shelved hundreds of AI mathematical proofs, raising questions about the value of human research in the face of AI-generated results. Anthropic is building an in-house biological lab for drug discovery, with annualized revenue expectations exceeding $100 billion and a potential IPO delayed until after the US midterm elections.