News linked to both this project and an event.
AI Financial (formerly Alt5 Sigma, stock ticker: AIFC), a cryptocurrency company backed by the Trump family, is in discussions with blockchain technology firm Perpetuals.com to sell its core business, with a potential price of up to $15 million.This news marks a significant strategic reversal for the company—just one year ago, AI Financial acquired a small payment company for $750 million, but since then, the deal has resulted in losses for nearly everyone except the Trump family. The terms of the transaction have not yet been finalized, negotiations are still ongoing, and the situation remains subject to change or the possibility of collapse. (WSJ)
According to Fortune, Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand of New York State, has raised $30 million in funding, valuing his company at approximately $300 million. The company plans to launch a derivatives trading platform named American Perpetuals Exchange Corp. (APEC). The platform intends to apply for a license from the U.S. Commodity Futures Trading Commission (CFTC) and will list perpetual futures on equities and equity indices—not cryptocurrency perpetual contracts.
Barron's reporter Nick Devor posted on X, stating that Kalshi revealed new developments regarding its "perpetual contract" product at today's Kalshi Perpetuals event. Perpetual contracts are now open to the public (currently supporting 11 tokens), and its proprietary trading terminal, Kalshi Pro, will be launched later this summer.