OKX Introduces Perpetual Contracts for USELESSUSDT and NEWTUSDT
Vietnam has embarked on a five-year crypto trading pilot program, joining the global shift towards digital assets. In the United States, regulatory bodies are taking active steps to shape the crypto landscape. The SEC and CFTC have approved spot crypto trading on registered exchanges, paving the way for increased institutional participation. Both agencies are also hosting roundtables on crypto regulation and privacy, addressing concerns around financial surveillance and privacy.
Meanwhile, the SEC has given Polymarket the green light to re-enter the U.S. market, while the CFTC has approved the launch of perpetual contract offerings by OKX for meme and DeFi tokens. These contracts, which were introduced on July 25, 2025, at 6:00 PM and 6:15 PM (UTC+8), are expected to alter market perception and create new trading dynamics. However, sustained growth will depend on long-term trading interest and asset fundamentals.
The success of these contract offerings hinges on continuous trading engagement and broader adoption. OKX currently supports Bitcoin futures and perpetual swaps, and while specific new cryptocurrencies for perpetual contracts are not mentioned, OKX has recently listed Pi Coin, indicating potential future support for other emerging coins.
In the world of stablecoins, Wyoming has launched a state-issued stablecoin on the Hedera Network, and Tether has injected $3 billion USDT on Ethereum in a record minting. The Federal Reserve has also highlighted stablecoins amid the passage of the GENIUS Act and plans a conference on stablecoin and tokenization innovations. The ECB, too, is calling for enhanced stablecoin regulation amid liquidity concerns.
On the exchange front, House of Doge and Bitstamp, in partnership with Robinhood, have announced a strategic partnership for NYSE:ZONE Treasury. This partnership is expected to bring more institutional involvement in the Dogecoin ecosystem.
In the token market, Dogecoin is set for a breakout as it holds strong above 200 EMA support. The token experienced a 314.42% price surge over the past 60 days, with the 24-hour trading volume reported a decrease of 38.81%, standing at $30.85 million. CoinMarketCap data shows Useless Coin's (USELESS) current price at $0.36, with a market cap of $358.97 million. Notably, USELESS has seen a significant price surge over the past 60 days.
In other news, XRP adoption is expanding as Fleet Miner turns holdings into predictable passive income, and Webus has countered LayerZero's $110M Stargate bid. MicroStrategy is eyeing an entry into the S&P 500 amid its focus on Bitcoin, and Trump Family's crypto WLFI has begun token unlock amid high demand.
The crypto-driven change is not limited to the financial sector. Even the Pokémon card market is feeling the impact, and Trump Media has acquired 684.4 million Cronos Tokens. However, MYX Finance faces $170 million airdrop Sybil attack allegations, a reminder that the crypto space is not without its challenges.
As always, regulatory scrutiny and competitive exchange strategies are likely influencers moving forward. The Federal Reserve plans a conference on stablecoin and tokenization innovations, and the SEC is set to host another roundtable on crypto regulation and privacy. The crypto market continues to evolve, and these events will undoubtedly shape its future.
Mayowa Adebajo, a seasoned freelance writer specializing in creating compelling, high-converting content across diverse industries, brings you this update from the ever-changing world of cryptocurrencies.
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