CME Group launched near 24&7 trading for crypto futures and options on Globex starting May 29, covering Bitcoin, Ethereum and XRP and extending to tokens such as Solana, Cardano, Chainlink, Stellar, Avalanche and Sui. Trading runs almost all week with at least a two hour weekend maintenance window, while weekend and holiday trades are cleared and reported the next business day.

CME Group, headquartered in Chicago, plans to introduce round-the-clock trading for its cryptocurrency futures and options.

CoinMarketCap reports that Kalshi has received approval from the U.S. Commodity Futures Trading Commission (CFTC), making it among the first firms authorized to offer Bitcoin perpetual contracts in the United States. The decision creates a regulated onshore route for crypto-derivatives trading, bringing a product long dominated by offshore venues into the domestic market. Kalshi said the CFTC has permitted it to list and trade a Bitcoin reference-based perpetual contract under the ticker BTCPERP. The regulator requires the product to remain in ongoing compliance with the Commodity Exchange Act and other applicable rules. Perpetual contracts, unlike standard futures, do not have an expiration date, allowing positions to be held indefinitely. The CFTC also issued a no-action letter to Coinbase, allowing its perpetual futures products to accept Bitcoin, Ethereum and stablecoins as collateral. Those products will be processed through Coinbase Bermuda and treated as offshore futures products for eligible customers. Kalshi CEO Tarek Mansour said the launch marks the company's move beyond prediction markets into regulated derivatives trading. Kalshi continues to address regulatory disputes tied to prediction markets, including ongoing litigation in Minnesota.

Blockchain data shows 141,505,009 USDT, worth USD 141,301,949, was transferred from Bitfinex to the Tether Treasury.

President Donald Trump said the United States will lift its naval blockade as part of terms requiring Iran to permanently abandon any pursuit of nuclear weapons and immediately reopen the Strait of Hormuz to unrestricted international shipping. Under the proposed arrangement, the blockade would be eased to allow commercial vessels to depart while Iran completes the removal of remaining maritime mines in the Gulf. Trump added that no financial transfers will be authorized until further notice, as he heads to the Situation Room for a final decision.

U.S. President Donald Trump said the naval blockade in the Strait of Hormuz has been lifted.

CME Group is moving regulated markets closer to crypto's always-on trading model, launching round-the-clock futures and options trading for XRP, Bitcoin (BTC) and Ethereum (ETH) and expanding its lineup to include Solana (SOL), Cardano (ADA), Chainlink (LINK), Stellar (XLM), Avalanche (AVAX) and Sui (SUI). Starting Friday, May 29 at 4:00 p.m. CT, CME crypto derivatives on CME Globex will trade 24 hours a day, with a weekly weekend maintenance window of at least two hours. Trades executed on weekends and holidays will be recorded for clearing, settlement and reporting on the next business day. The shift addresses a long-standing mismatch for institutional investors: crypto markets never close, while traditional market hours can leave participants exposed to off-hours volatility driven by macro headlines or sudden crypto developments. With continuous access, institutions can hedge, rebalance and deploy capital in real time. Tim McCourt, CME Group's Global Head of Equities, FX and Alternative Products, has said client demand for crypto risk management is at record levels, helping drive about $3 trillion in notional cryptocurrency futures and options volume in 2025. He noted that even if not all markets can operate continuously, clients increasingly want always-on access to regulated products that reflect crypto's nonstop trading. CME already serves as a major regulated venue for crypto derivatives, and 24/7 trading reinforces its role as a conduit between Wall Street and digital-asset markets. The broader slate of altcoins—including ETH, XRP, ADA, LINK, AVAX, XLM and SUI—also signals widening institutional interest beyond Bitcoin and Ethereum into payments, interoperability, decentralized finance and scalable smart-contract ecosystems. XRP futures have shown strong momentum, with notional volume reaching $62.87 billion over the past year. With weekend gaps now hedgeable in real time, liquidity can become more consistent across time zones and price discovery less fragmented—underscoring that regulated finance is increasingly adapting to a market that never closes.

Intercontinental Exchange (ICE) founder Jeff Sprecher said the onchain trading venue Hyperliquid is now posting more trading volume than Nasdaq, according to CoinDesk. The comments mark one of the clearest endorsements yet from a senior traditional-market figure and renew attention on how onchain perpetuals are pressuring incumbent exchanges. Speaking at a public event, Sprecher said Hyperliquid—built by a team of 11—has reached a scale traditional financial institutions can no longer dismiss. While most institutional clients are not yet executing directly onchain, he said they are watching the platform closely for its role in price discovery. Sprecher pointed to Hyperliquid's ability to trade crude oil perpetual contracts over the weekend, when ICE's traditional markets are closed. With some Iran-related geopolitical developments moving prices on weekends, he said the value of a 24/7 onchain market becomes more pronounced. Following the remarks, Hyperliquid's HYPE token briefly rebounded about 10% to around $62.50. The report also highlighted a sharp move in Hyperliquid's pre-IPO perpetual contract tied to SpaceX: it briefly fell 45% on Thursday, sliding from $2,277 to roughly $1,254 before partially recovering. The swing produced about $1.51 million in losses and triggered liquidations across many retail positions. Macro views from major banks diverged. JPMorgan said the "currency depreciation trade"—fueled by inflation, geopolitical risk and weaker currencies—appears to be fading. Over the past two weeks, both Bitcoin ETFs and gold ETFs have seen outflows, and related futures positioning at CME has also declined. The bank linked the shift partly to expectations of easing tensions between the U.S. and Iran. Standard Chartered stayed constructive on Ethereum, arguing ETH prices still fail to reflect improving network fundamentals. The bank reiterated a year-end target of $4,000 and a decade-end target of $40,000, citing Ethereum's ongoing leadership in stablecoins and DeFi. Elsewhere, AI firm Anthropic announced it completed a $65 billion Series H funding round, valuing the company at $965 billion post-money, alongside the release of Claude Opus 4.8. Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital were among the investors, reports said. In market trading, Bitcoin was around $73,300 and Ethereum near $2,000. On Thursday, spot Bitcoin ETFs posted net outflows of $223 million, spot Ethereum ETFs saw net outflows of $121 million, and the HYPE ETF recorded net inflows of $1.7 million.