Kalshi perpetual futures volume hit $1 billion within a week of launch, the company said, offering the first concrete measure of how much pent-up US demand existed for a product that had no domestic legal home until last month. The platform officially began trading crypto perpetual futures on a Wednesday. In the first 24 hours alone, more than $100 million changed hands. Those figures are notional, meaning the leverage traders apply to their contracts is included. Perpetual futures, known in crypto circles as perps, are futures contracts with no expiration date. Traders can speculate on an asset’s price without owning…
Author: Funke Adeyemi
Funke Adeyemi
Funke Adeyemi spent a decade in corporate banking and fintech before moving to business journalism. She started in trade finance at a major UK bank, moved to a payments company scaling into African markets, and spent her last role leading partnerships at a cross-border remittance platform. She writes about business strategy, fintech, digital banking, and the corporate news that moves markets. She is interested in how companies actually make money rather than how they describe making money in investor presentations. Funke lives in South London. She reads earnings calls the way other people listen to podcasts, and finds them about as reliable.
The Marvell Technology S&P 500 inclusion announcement landed like a starting pistol for options traders, touching off a wave of bullish positioning across semiconductor names at a moment when the sector was already raw from two weeks of violent swings. The Marvell Technology S&P 500 Inclusion Trade S&P Dow Jones Indices confirmed, via a S&P Dow Jones Indices press release, that Marvell Technology and contract electronics manufacturer Flex would join the index prior to the open on 22 June 2026, coinciding with the quarterly rebalance. Pool Corp and The Campbell’s Company are the two names being removed to make room.…
