Coinbase plans to launch perpetual futures trading in the United States, with the offering set to comply with regulatory standards outlined by the Commodity Futures Trading Commission, a top executive at the crypto exchange said on Thursday.

U.S. stock futures have already pared about half of their overnight drop as some of the initial reaction seen across global markets has started to unwind. Oil prices have come off their highs after spiking 14%.

Wednesday marked a losing session on Wall Street, with the S&P 500 snapping its three-day win streak, as did the Nasdaq Composite.

U.S. stocks looked set for losses on Thursday after President Donald Trump said he would set unilateral tariff rates within the next week or two, stoking fears about trade tensions after a spell of relative calm.

The major averages posted modest gains on Thursday, placing them on track for a winning week. Softer-than-anticipated inflation reports helped lift stocks.

The Fountain Valley High graduation saw 796 seniors receive their diplomas on Wednesday at LeBard Stadium in Costa Mesa.

Trump said he plans to send letters to U.S. trading partners over the next two weeks offering them unilateral tariff deals, and they can choose to “take it or leave it.”

The June futures contract for the Cboe Volatility index, known as the VIX, is jumping 17% to 21.95 early Friday as markets take a bearish turn following Israel's attack on Iran. The VIX measures the expected volatility of the S&P 500 and tends to rise when investors become more fearful,