US Approves First Bitcoin Perpetual Futures Contract

The US government has taken a significant step in integrating cryptocurrency into its regulatory framework. The White House announced that the first Bitcoin perpetual futures contract by a CFTC-registered exchange has been approved, confirmed by President Biden.

This marks a key development in the growing relationship between cryptocurrencies and traditional finance. The approval paves the way for more mainstream adoption of crypto derivatives within the US market.

Hype surrounding Hyperliquid's potential entry into the US market is also building. The company is working to bring its crypto derivatives platform fully compliant with domestic regulations, signaling a shift towards greater regulation of crypto activities in the US.