Coinbase Approved to Offer Perpetual Futures in the U.S.

Coinbase approved to offer global crypto perpetual futures in the US

Coinbase received approval to offer true global crypto perpetual futures to US users, becoming the first platform to provide global liquidity for these products in the US market. The approval, announced by CEO Brian Armstrong, represents years of regulatory engagement and marks a significant shift in the US crypto derivatives landscape.

For years, crypto trading has migrated offshore due to unclear US regulations. Perpetual futures, a preferred product among traders, remained largely inaccessible to US users through compliant channels. According to Armstrong, roughly half of perpetual futures volume came from Americans using offshore platforms via VPN with loose KYC controls—an open secret in the industry.

The approval enables pooled global liquidity, connecting US and international markets instead of keeping them fragmented. US traders can now access these products through a compliant US-regulated entity, providing greater customer protection. Armstrong credited CFTC Chair Rostin Behnam and Commissioner Pham for recognizing the importance of this development for US capital markets.

See X post: https://x.com/brian_armstrong/status/2064804308118381041

Strategy founder: Never said company cannot sell Bitcoin

Strategy founder Michael Saylor clarified at BTC Prague on June 11 that he never said the company could not sell bitcoin, emphasizing his long-running "never sell your bitcoin" mantra was guidance for individual investors, not a corporate pledge. The remarks followed Strategy's first-ever BTC sale on June 1, when the firm sold 32 BTC for approximately $2.5 million to fund preferred-stock dividends.

Saylor argued that anyone who followed five years of earnings calls and disclosures should know Strategy would sell when necessary. The sale represented just 0.004% of holdings, but it rattled holders who took the accumulation-only image literally. Strategy holds about 845,256 BTC at an average cost of $75,540 per coin, alongside roughly $6.7 billion in convertible debt. The debate now centers on whether the firm will tap its stack again to meet dividend and debt commitments or lean on fresh equity and preferred issuance instead.

So basically, he means you guys should hold and never sell, but I am free to sell.

See report: https://news.bitcoin.com/saylor-never-sell-bitcoin-btc-prague-strategy/

BlackRock files for Bitcoin income ETF with covered-call strategy

Asset manager BlackRock has filed with US regulators to launch the iShares Bitcoin Premium Income ETF, which will trade on Nasdaq under the ticker "BITA." The fund will hold Bitcoin and shares of BlackRock's flagship spot Bitcoin ETF (IBIT), generating monthly income by selling covered call options on IBIT shares.

The ETF will collect premiums from selling call options, distributing that income to investors. BlackRock set a management fee of 0.65%, undercutting competing covered-call Bitcoin funds that charge 0.95% to 0.99%. The move marks another step in transforming Bitcoin into an income-generating product for mainstream investors, building on the success of IBIT, which launched in January 2024 and became the largest spot Bitcoin ETF.

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All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.

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• Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.