Fresh inflation data sent crypto markets sliding, even as major infrastructure milestones landed this week.

Nasdaq expanded its tokenization footprint with a strategic deal, while Kalshi introduced CFTC-regulated precious metal perpetuals.

And on the security front, Liquid Network came back online after a Bitcoin exploit.

Here's your quick catch-up for today.

Nasdaq invests $100M in Kraken's parent at $21B valuation

Nasdaq just bought a stake in the company behind one of crypto's biggest exchanges.

The $100M investment in Payward values Kraken's parent at $21B, signaling that major stock exchanges see crypto infrastructure as core to their future.

When the venue that lists Apple and Amazon bets on a crypto exchange, the institutional validation is hard to ignore.

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Markets

Hot inflation data and surging oil prices spook risk assets

US producer prices rose 5.4% year-over-year as energy costs drove wholesale inflation higher than expected.

Oil above $100 a barrel and rising Treasury yields made the Fed's next move harder to predict.

21Shares strategist Matt Mena said Friday's CPI report could shift rate expectations and reshape crypto positioning into quarter-end.

BTC slipped below $78K, ETH traded near $2,500, and SOL fell below $101.

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Kalshi launches gold and silver perpetual contracts after CFTC green light

A regulated prediction market now offers perpetual futures on precious metals.

Kalshi got CFTC approval to list gold and silver perps, bringing a product native to crypto exchanges into the world of traditional commodities.

If perps gain traction outside crypto, established derivatives exchanges like CME have a new competitor to worry about.

Read the full breakdown →

Liquid Network restarts after $320M exploit drained 95% of its BTC reserves

Blockstream's Bitcoin sidechain lost roughly 3,996 BTC in a single breach last week.

The Liquid Network resumed block production four days after attackers drained 95% of its federation reserve wallet.

Federated security models, where a fixed group of validators controls funds, just got a very expensive stress test.

Check the details →

On Our Radar

Digital wallets level up: Gaming platforms are ditching traditional payment delays for instant e-wallet transactions.*

Crypto goes mainstream: MoneyGram's new Colombia card runs on stablecoins.

Bitcoin goes brick-and-mortar: Bitcoin Bancorp scoops up 2,446 ATMs from bankrupt rival.

_*sponsored

ICYMI

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That’s your briefing. Catch you next time.

Vi