OG.com Markets is seeking US regulatory approval to offer perpetual futures tied to individual stocks, as trading platforms push to bring the popular derivatives product to US equity markets.In a Thursday filing with the Commodity Futures Trading Commission (CFTC), OG.com proposed new rules allowing it to list cash-settled single-stock futures that never expire and can trade 24 hours a day, five days a week.OG.com was recently spun out of crypto exchange Crypto.com as an independent prediction markets and derivatives platform valued at $5 billion. At the time, CEO Kris Marszalek said the platform planned to expand beyond prediction markets into futures and perpetual contracts.Shortly after the spin-off, Robinhood took an equity stake in OG.com as part of a multi-year deal to use its CFTC-regulated derivatives exchange and clearinghouse for prediction markets.Unlike traditional futures contracts, perpetual futures, or “perps,” have no expiration date, allowing traders to maintain exposure without periodically rolling into new contracts. The product was pioneered in crypto by BitMEX in 2016.Related: President Trump’s media company to terminate Crypto.com dealPerpetual futures push expands into US stocksCrypto trading platforms and prediction markets are increasingly looking to bring one of the digital asset market’s most popular derivatives products to US stocks, with OG.com joining a growing group seeking regulatory approval.On Sept. 18, Coinbase, Kraken parent Payward through its Bitnomial exchange, and prediction market Kalshi all filed to offer perpetual futures tied to individual US stocks.The filings came after US regulators, including the Securities and Exchange Commission (SEC) and CFTC, pushed ahead with crypto initiatives despite the CLARITY Act failing to advance in the Senate on Sept. 15.Source: Paul AtkinsJust days after the vote, the SEC cleared limited onchain trading of tokenized US stocks under its Innovation Exemption, while the CFTC expanded regulatory relief for software providers connecting users to regulated derivatives platforms, including those offering perpetual contracts.The CFTC had already begun laying the regulatory groundwork for perpetual futures months earlier.In May, the agency established a case-by-case review process for perpetual contracts and approved Kalshi’s Bitcoin perpetual futures product, followed in June by temporary relief allowing certain registered exchanges to convert existing crypto futures into contracts without expiration dates.Magazine: Exchanges reporting crypto gains to IRS becomes tax nightmare

Summer Mersinger, formerly a commissioner with the US Commodity Futures Trading Commission (CFTC), will step down as CEO of the Blockchain Association and leave the advocacy organization at year’s end after one of the group’s legislative priorities faced a significant setback in Congress.On Friday, the Blockchain Association (BA) announced that Mersinger would step down as CEO on Oct. 16, when the group’s former chief executive, Kristin Smith, would return to lead the organization as interim CEO. Mersinger joined the Blockchain Association in June 2025 after leaving the CFTC three years before her second term as a commissioner was scheduled to end.“I came here from the CFTC because I believed this industry deserved clear rules of the road and a credible, unified voice making the case for them in Washington,” said Mersinger on her departure from the BA. The organization cited Mersinger’s efforts to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, as well as helping to provide “regulatory clarity at the [Securities and Exchange Commission] and CFTC.” Notably, the organization did not mention the Digital Asset Market Clarity Act under consideration in the Senate, which the BA repeatedly pushed lawmakers to support. The bill failed to gain enough votes from Democrats and Republicans in a cloture motion earlier this month, which many experts expect will leave the legislation in limbo until 2027.The Blockchain Association did not immediately respond to questions about Mersinger’s plans for 2027.Related: CFTC issues warning over risky prediction market ‘mention’ contractsCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Crypto exchange Bitget released an updated incident report on Thursday’s security breach, clarifying that about $388 million in assets had been affected and not $352 million as previously reported.In a Friday update, Bitget said it would continue to pause withdrawals following the security breach, and the company had launched a bounty program to incentivize freezing or recovering the assets. The exchange confirmed that “$387.5 million were transferred to attacker-controlled addresses” based on onchain tracing — about $35 million more than reported on Thursday. “The revised figure reflects a more complete accounting of transfers that occurred during the incident, adding affected assets on Zcash and TRON that were not included in the initial estimate,” said Bitget. “It does not reflect further unauthorized transfers. The incident remains contained and no further unauthorized transfers are possible.”According to Bitget, the incident included addresses on Ethereum Virtual Machine (EVM) networks, the XRP Ledger, Zcash and TRON. Among the assets stolen were XRP, Ether (ETH), Tether’s USDt (USDT), Zcash (ZEC), USDC, USDT0, XAUt, BNB, AVAX and TRX. The follow-up report did not address comments made by CEO Gracy Chen on Thursday speculating that a North Korean hacking group may have been behind the attack.Even with the update on the assets transferred to hacker-controlled addresses, the Bitget security breach remains one of the largest to impact the industry. Hackers stole about $1.5 billion worth of Ether from Bybit in February 2025.Related: Symbiosis says recovered 15 BTC from bridge hack, offers 20% bountyCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Strategy is seeking shareholder approval to move its four preferred stocks, including STRC, to daily dividend payments without changing their dividend rates or the total amount paid.The company’s board approved the proposal on Thursday, according to a Friday filing with the US Securities and Exchange Commission. Shareholders are scheduled to vote on the amendments at a virtual special meeting on Oct. 28.If approved, each calendar day would become a dividend record date, with the corresponding payment made on the next business day. STRC would move to the new schedule first, with its initial daily dividend payment expected on Nov. 2.STRF, STRK and STRD would follow in January, with their first payments under the daily schedule expected on Jan. 4. The amendments would take effect after Strategy files updated certificates governing the preferred stocks with the state of Delaware.Related: Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRCStrategy follows Strive into daily dividendsStrategy’s proposal comes several months after fellow Bitcoin treasury company Strive moved its SATA preferred stock to daily dividend payments, becoming the first public company to adopt the model.Strive announced in May that SATA would begin paying dividends every business day on June 16 at a 13% annual rate, and also reported that it eliminated its outstanding debt in the first quarter.Unlike Strive’s business-day schedule, Strategy’s proposal would make every calendar day a record date, with the corresponding dividend payable on the following business day.Strive holds 26,355 Bitcoin, compared with Strategy’s 846,000 BTC, according to BitcoinTreasuries.NET.Top 10 Bitcoin treasury companies. Source: BitcoinTreasuries.NETStrategy CEO says leverage drove STRC below $100While Strive was the first public company to offer daily dividends, Strategy pioneered what it calls “digital credit,” preferred securities designed to generate income from a capital structure built around the company’s Bitcoin treasury.STRC, a key part of Strategy’s digital credit strategy, has seen significant price swings this year. In June, the stock fell sharply below its $100 stated amount, hitting an intraday low of $71.25 on June 26, according to Yahoo Finance data.STRC stock price year-to-date. Source: Yahoo FinanceSpeaking on Natalie Brunell’s Coin Stories podcast earlier this week, Strategy CEO Phong Le attributed the decline to more leverage entering the market for STRC than the company had anticipated. He said some investors borrowed against Bitcoin at lower rates to buy STRC and capture the spread between their borrowing costs and STRC’s dividend yield.When Bitcoin’s price fell, investors who had borrowed against their holdings faced pressure to either add more collateral or sell STRC, according to Le.“We did not expect the amount of leverage that came into the system,” Le said. “And so that’s a lesson learned, next time around.”Le said Strategy is seeking to prevent another such unwind by maintaining a strong US dollar reserve and having a policy that allows the company to repurchase STRC when it trades below its $100 stated amount. He also said the company wants to attract more long-term holders, particularly institutional investors.STRC has since recovered to about $98.41, close to Strategy’s stated goal of keeping the security between $99 and $100. It currently carries a 12% variable annual dividend rate.Magazine: Exchanges reporting crypto gains to IRS becomes tax nightmare