CME Group Targets June 1 Launch for Bitcoin Volatility Futures Pending CFTC Review

Key Takeaways CME Group plans to launch Bitcoin Volatility futures (BVI) on June 1, 2026, pending CFTC approval. CME’s $500-per-contract BVI product gives institutions a regulated tool to trade bitcoin’s implied volatility directly. Giovanni Vicioso says traders will gain a new risk management layer; CF Benchmarks CEO Sui Chung calls it a maturation milestone. CME’s…

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Fintech startup Parker files for bankruptcy

Parker, a well-funded startup offering corporate credit cards and banking services for e-commerce businesses, has filed for bankruptcy and is widely reported to have shut down. The startup was part of Y Combinator’s winter 2019 cohort, and its Series A was led by Valar Ventures.  Parker came out of stealth in 2023, touting a corporate…

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Coinbase Says Outage ‘Unacceptable’ as CEO Weighs Speed-Resilience Tradeoffs

Key Takeaways Coinbase CEO Brian Armstrong called the AWS-linked exchange outage unacceptable for customers. Trading, account access, and customer account information were disrupted across several Coinbase exchange services. Coinbase plans to revisit resilience tradeoffs to reduce future outage duration and customer impact. Armstrong Says Resilience Tradeoffs Will Be Reviewed Crypto exchange Coinbase (Nasdaq: COIN) has…

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Banks try to kill the CLARITY Act

The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14. Summary Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup. Senators Lummis and Tillis publicly defended the deal,…

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