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• Key Takeaways:

• Kalshi’s perpetual futures cleared $5.5 billion in two weeks, up from $1 billion in week one.
• The CFTC approved Kalshi’s BTCPERP contract on May 29, 2026, opening US perpetuals to regulated venues.
• Kalshi lists 11 crypto perp contracts and is in talks with regulators to expand into other assets.

The race is now hotter than a deep-fried blockchain at a Southern picnic. Move over, November, here comes Moore!

CryptoQuant CEO Ki Young Ju, in a manner reminiscent of a civil servant defending the honor of a misplaced document, insists that altcoins are not entirely dead.

@SenatorTimScott, @SenWarren, @RepFrenchHill, and @RepMaxineWaters released updated 21st Century ROAD to Housing Act text.

The timing, one must admit, is as precise as a Swiss watch-or perhaps a Russian novel’s plot twist. U.S. spot Bitcoin ETFs, those poor darlings, bled approximately $2.7 billion in outflows in a single week ending June 5, 2026, pushing their year-to-date net outflows past $3.1 billion. Meanwhile, AI and semiconductor stocks, the new belles of the ball, surged roughly 170%, while the AI UBS Winners Index climbed nearly 50% in 2026 alone. The S&P 500, sans its AI darlings, managed a mere 3.5%. A single trading session in early June painted this divergence with the subtlety of a circus clown: the Philadelphia Semiconductor Index rose 5.9% as Bitcoin tumbled 4%. Oh, the drama!

As a researcher following this legislation, I’m hearing significant concerns from both industry professionals and legal scholars regarding Article 3 of the proposed “Digital Asset Privilege Tax Act.” They’re essentially raising a red flag about its potential implications.