[Kalshi Launches CFTC-Approved Spot Bitcoin Perpetual Futures, $5.5 Billion in Trading Volume in First Two Weeks] Odaily Planet Daily News: Recent Bitcoin volatility has triggered concentrated liquidations of leveraged long positions. On August 22, single-hour liquidation reached $529 million, including $478 million in long positions. On August 23, an additional $84 million in crypto long positions were liquidated within an hour. Prediction market Kalshi launched the first CFTC-approved spot Bitcoin perpetual futures contract on June 3, with $5.5 billion in liquidation volume during the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers regulated domestic perpetual contract trading for U.S. institutions. Better Markets Director of Securities Policy Benjamin Schiffrin pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections upon approval. Analyst account Qmo noted that there is a significant Bitcoin long liquidation pool in the $62,000 to $67,000 range. Trader Money Bunny disclosed that short liquidations amounted to $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)