What the SEC's 2 October approval did and did not do, plus worked arithmetic on daily-reset leverage: why flat markets lose money, why trends overshoot, and what the futures structure adds.
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Not based on the reporting we found. The SEC approved the exchange rule change on 2 October 2026, but trading cannot begin until a separate registration statement becomes effective, and no date has been disclosed.
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Open USD, backed by Visa, Mastercard, Stripe and Coinbase, shares equity and rewards by usage. Its roughly $666 million supply is about 0.3% of USDT and USDC combined.
The CFTC registered Coinbase Clearing as a derivatives clearing organization on 28 September 2026. The registration covers only fully collateralized products, which is why 24/7 settlement works there and not for the rest.
CertiK's H1 2026 data shows wallet compromises cost $444.5 million across 33 incidents, against $151.6 million across 204 code-vulnerability incidents. Two April hacks make up 44% of all losses.