cme

According to GMGN data, the market value of CME on Robinhood has exceeded 6 million USD, with a 24-hour increase of over 990 times. It is reported that CME is the commodity exchange platform token on the Robinhood Chain. Its core narrative is to bring real-world commodities such as corn, oil, and gold into on-chain trading.Through the Keeper mechanism, spot pricing is conducted for 29 types of commodities, with half of the trading fees used to repurchase CME and the other half providing liquidity. Meme coin prices are highly volatile, and investors are advised to participate with caution.

According to Bitcoin News, the U.S. Commodity Futures Trading Commission (CFTC) has requested a Washington D.C. court to dismiss the lawsuit filed by the Chicago Mercantile Exchange (CME) against Kalshi regarding Bitcoin perpetual futures contracts.Kalshi's cash-settled BTCPERP contract was approved on May 29, which has no expiration date, employs a funding rate mechanism, and tracks the spot price of Bitcoin. CME argues that contracts without a delivery date that continuously generate funding payments should be classified as swaps, not futures. In response, the CFTC stated that CME's lawsuit is "making a fuss over nothing" and pointed out that CME could also list similar products. Furthermore, the CFTC noted that CME's Bitcoin futures trading volume in June and August was higher than in May, indicating that related business has not been significantly affected. CME must submit a response by October 2.

Venture capital firm Social Graph VC recently published an article on market entry stating that data center capital expenditures will exceed $1 trillion by 2026, approximately double the spending of the four major hyperscale cloud providers in 2025. Jensen Huang expects it to reach $3 to $4 trillion annually by the end of this decade, potentially hitting $10 trillion by 2031. AI investments account for about 0.9% of global GDP, rising to approximately 1.4% by 2028.The article states that Fable 5 and GPT-5.6 each have training power consumption below 2GW, with costs around $120 billion. Each generation of models can recoup costs on their own, while laboratory losses stem from the next-generation models that are expanding training scales by 10 times. Computing cannot be procured at a single price; H100 rental rates are about $1.95/hour in the market, while hyperscale cloud rates are $8-9/hour, with hourly rates fluctuating by 137% over the year. There is a financing gap of $1.5 trillion within the approximately $3 trillion global data center expenditures expected by 2028.The article also mentions that CME plans to launch cash-settled H100 and B200 monthly lease futures on NYMEX on October 5, 2026, pending regulatory review, with settlement referencing the Silicon Data Index; ICE has also announced GPU futures based on the Ornn Index.

Hyperliquid Policy Center CEO Jake Chervinsky disclosed on the X platform that the Commodity Futures Trading Commission (CFTC) has filed a motion to dismiss CME's lawsuit regarding crypto perpetual contracts.The motion states that CME lacks standing to sue, arguing that CME itself can also offer perpetual contracts, so any harm is self-inflicted. Chervinsky relayed the CFTC's wording, stating "this lawsuit is just making a mountain out of a molehill."

CoinDesk reports that XRP has risen about 40% in the past two weeks, from approximately $0.99 to $1.38, but during the same period, the total open interest in XRP futures has decreased by 16% to about 2.34 billion. CoinGlass data shows that all exchanges, except for CME, have reduced their XRP futures positions.CME's XRP futures open interest has increased against the trend by about 36% to 387 million, with its share of the total market open interest rising from about 10% to 17%. CFTC data shows that as of August 25, leveraged funds had a net short position equivalent to about 116 million XRP, more than doubling from the previous week's 57 million; dealers and asset management institutions increased their net long positions by approximately 60 million and 28 million, respectively.This shift in positions occurs ahead of the procedural vote in the Senate on the U.S. CLARITY Act (expected in mid-September). The bill had previously pushed XRP up about 5% when it passed the Senate Banking Committee in May.

On Monday, CME Group officially launched two multi-asset cryptocurrency benchmark indices, one covering a broad market index and a "Emerging Crypto Index" specifically measuring large crypto assets beyond Bitcoin and Ethereum. The CME CF Emerging Crypto Index excludes Bitcoin and Ethereum, tracking a total of 10 assets: BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX, and AAVE; while the CME CF Crypto Market Index includes Bitcoin and Ethereum in addition to the aforementioned 10 assets.Both indices are weighted by free float market capitalization and undergo component adjustments and rebalancing every six months. The real-time version is calculated once per second and operates around the clock; the settlement version is calculated once daily and published at 4 PM London, New York, and Singapore/Hong Kong time. The methodology for the Emerging Index requires component assets to meet custody conditions, exclude meme coins, and set protocol usage rate screening thresholds based on the ratio of total locked value to total market capitalization. At the time of initial inclusion, assets that do not yet meet the general listing standards for cryptocurrency ETFs on U.S. national securities exchanges but are expected to be compliant within 30 days may temporarily enter the index with a maximum combined weight of 10%.The index is designed to be investable and can be used for passive replication by funds and derivative settlements, continuing the precedent set by CME's launch of Nasdaq CME Crypto Index futures in June. CF Benchmarks stated that the Emerging Index can be licensed for financial products, investment funds, or derivative instruments.

This Friday, the United States will release non-farm payroll data, which will serve as an important reference for the Federal Reserve's interest rate decision. Prior to this, CME's "FedWatch" shows that traders are betting on a probability of over 50% for the Federal Reserve to raise interest rates twice this year.

According to Cointelegraph, CME Group has added Ethena's ENA token to its cryptocurrency benchmark index.Ethena is the protocol that issues the synthetic dollar stablecoin USDe, and ENA is its governance token. As a leading derivatives exchange globally, this move further expands CME Group's cryptocurrency benchmark coverage to this asset.

According to statements cited by Outcome, the CEO of CME Group stated that TradeXYZ and Hyperliquid are having an impact on the U.S. market. The above viewpoint points to the spillover effects of decentralized perpetual contracts and on-chain trading platforms on liquidity, price discovery, and trading activity in traditional markets.

According to The Block, at a meeting of the Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee, CME CEO Terrence Duffy had a heated exchange with CFTC Chairman Michael Selig and Kalshi COO Luana Lopes Lara regarding regulatory issues in the prediction market. Duffy pointed out that some prediction market contracts are susceptible to manipulation, specifically mentioning contracts related to Trump's State of the Union address and the ousting of Venezuelan President Maduro that may be subject to manipulation. Selig interrupted, stating that these products are not listed in the United States, "this is fake news."Duffy retorted, "We can argue, I'm happy to." The two also clashed over a question from Kalshi COO about whether CME faces market manipulation issues, with Duffy stating, "I have more staff in my regulatory department than you and your entire company," to which Lopes Lara responded, "Maybe you should learn about efficiency," and Duffy shot back, "Maybe you should learn what a credible market is." This conflict comes at a time when federal and state regulators are vying for control over the regulation of prediction markets, with the CFTC having filed lawsuits against several states and proposed a regulatory framework draft.

According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) is preparing to seek public input on artificial intelligence (AI) computing power futures. Meanwhile, the Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) plan to launch related products linked to computing power.This move aims to explore the feasibility of incorporating AI computing resources into the regulated futures market, reflecting traditional financial infrastructure's attention to emerging computing power demands. If these related products are implemented, they may provide institutions with tools to hedge against fluctuations in computing power costs.

According to market news, the CME Group and Silicon Data will launch computing power futures on October 5.

CME Group announced that 24-hour trading for silver will start on September 11, expanding the around-the-clock trading range to 100 ounces of silver futures.

CryptoQuant founder Ki Young Ju posted on the X platform, correcting the previous analysis of CME Bitcoin futures positions, stating that "Total Reportables (large institutional traders)" was mistakenly labeled as "Leveraged Funds," leading to the belief that CME hedge funds rarely turned into net long positions in BTC futures. However, the actual situation is that leveraged funds still maintain net short positions in BTC futures.Ki Young Ju provided CFTC futures position data as of August 4: 1. Large institutional traders overall show a slight net long position, which includes asset management institutions, market makers, dealers, etc. Ki Young Ju stated that although the net long extent is limited, the previous judgment about institutional direction being bullish still holds. 2. Leveraged funds still maintain net short positions in BTC futures, but over the past year, their standard BTC futures net short position has decreased by about 50% (measured in BTC), mainly due to the decline in basis trading returns. When the futures basis returns fell below U.S. Treasury yields, the arbitrage space narrowed. Leveraged funds currently show a net long position in Micro BTC futures, but the scale is small, only about +394 BTC, which is approximately 1% of the standard BTC futures net short position. Ki Young Ju indicated that leveraged funds overall have not yet turned into net long positions, but their long-term structural shorts are clearly weakening, which may reflect the closing of arbitrage trades and adjustments in directional positions.

CryptoQuant founder Ki Young Ju stated that hedge funds on the CME have turned into net long positions in BTC futures, which is a rare situation.He pointed out that basis trading usually causes hedge funds to structurally hold short positions, which is also the reason why related data has remained negative for years, and basis trading cannot be conducted in a net long position. This shift of hedge funds to net long positions in BTC futures indicates that institutional investors are optimistic about further increases in BTC prices.

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has suspended its decision to approve the Nasdaq cash-settled Bitcoin index options (QBTC) and will re-examine it in response to a legal challenge raised by the Chicago Mercantile Exchange (CME). The SEC has frozen the approval until August 24, seeking feedback from all parties. QBTC will remain suspended until the commission completes its review.The SEC conditionally approved the product for listing in May this year, but it requires an exemption from the CFTC. The CME raised objections in June, arguing that Bitcoin is a commodity and its options should fall under the exclusive jurisdiction of the CFTC, not the SEC. If the CME's claim is established, Nasdaq would need to register as a futures platform regulated by the CFTC or redesign the contracts.

Terry Duffy, Chairman and CEO of CME Group, stated that the approval of perpetual futures contracts in the United States may expose traders to tax and regulatory uncertainties, as the related products may ultimately be classified as swaps rather than futures. Duffy noted that the long and short parties in perpetual contracts regularly exchange funding rates, a mechanism that aligns with the statutory definition of swaps under U.S. law.The Commodity Futures Trading Commission (CFTC) currently classifies them as futures, and CME is legally challenging this approval with the CFTC. Duffy pointed out that if perpetual contracts are treated as futures, some institutional traders may be subject to the mixed tax treatment under Section 1256 of the U.S. tax code; if classified as swaps, they may be taxed under ordinary tax rules. The Internal Revenue Service (IRS) has yet to issue specific guidance on the tax treatment of perpetual futures. Legal experts indicate that perpetual futures are structurally similar to swaps but economically function like futures, and the court's interpretation of the relevant definitions will be crucial. Even if litigation clarifies the product classification, the IRS may still need to issue separate guidance on tax treatment.

K33 Research stated that Bitcoin has been consolidating in a narrow range between $60,000 and $66,000 over the past week. The average daily spot trading volume in July was only about $2.2 billion, with CME open interest close to multi-year lows, and the open interest for perpetual contracts stagnating at around 300,000 Bitcoins.Bitcoin's trading volume in July set the lowest record since November 2023.