A BIG GAP HAS FORMED ON #BTC CME... https://t.co/wqvxPZwT7x ...

ostium labs processed $25b volume at $250m valuation with 95% coming from gold, silver and oil perps not crypto. traditional commodity derivatives do $20 trillion annually. cme trades at $90b market cap. ostium built the only platform that treats rwa perps as the main product not a sideshow. when crypto infrastructure captures 5% of commodity trading the first mover takes everything. ...

1月27日，CME发布26-035号文件，宣布对旗下白银、钯、铂三大金属期货产品的履约保证金（下称保证金）进行全面 上调，新规将于今日（1月28日）收盘后正式生效。 期货日报记者发现，这是CME继本月初调整部分金属与能源类期货产品保证金之后，推出的又一项关键风险管理举措。 此次调整首次明确将保证金与合约的"名义价值"直接挂钩，标志着CME贵金属期货保证金计算模式，正式从传统"固定 美元金额"向更具灵活性的"动态百分比"转型。 调整覆盖11类贵金属期货合约 保证金由"固态"转为"动态" 此次调整并非简单的费率上调，更核心的是保证金计算模式的变化。据格林大华期货副总经理、首席专家王骏介绍，在 2026年1月之前，CME贵金属期货保证金采用"固定美元金额"设定，例如某白银期货合约保证金固定为2000美元/手，与 合约名义价值变动无关；而本月初的调整是非固定金额模式，意味着CME开始推行"基于名义价值百分比"的新计算方 式，26-035号文件将推动这一模式落地。 CME在文件中解释称，此次调整是"对市场波动性的常规审查，以确保充足的抵押品覆盖"。 华侨银行策略师Christopher Wong认为，基于名义价值百分比 ...

1月27日，CME发布26-035号文件，宣布对旗下白银、钯、铂三大金属期货产品的履约保证金(下称保证金)进行全面上调，新规将于今日(1 月28日)收盘后正式生效。 期货日报记者发现，这是CME继本月初调整部分金属与能源类期货产品保证金之后，推出的又一项关键风险管理举措。此次调整首次明确 将保证金与合约的"名义价值"直接挂钩，标志着CME贵金属期货保证金计算模式，正式从传统"固定美元金额"向更具灵活性的"动态百分 比"转型。 调整覆盖11类贵金属期货合约 文件显示，此次调整覆盖11类贵金属期货合约，涵盖白银、钯、铂的不同合约类型及期限，所有涉及产品的保证金均呈现上调态势，无一 下调或维持不变。 白银类产品是此次调整的重点，包括纽约商品交易所5000盎司白银期货(SI)、结算价交易期货(SIT)、迷你白银期货(QI)、微型白银期货 (SIL)、微型白银结算价交易期货(MST)及迷你白银期货(6Q)六大合约类型。其中，非高风险组合(Non-HRP)保证金从原先的9%统一上调至 11%，高风险组合(HRP)保证金则从9.9%上调至12.1%，且这一调整适用于1个月至13个月及以上的全期限合约。 钯类产品调整幅度更为 ...

hyperliquid processed $1.15b in silver perpetual volume. that's 40% of cme silver futures daily flow on a dex that launched 18 months ago. hype token at $27 earning fees on commodity volumes that traditional exchanges charge billions in market cap for. the bloomberg terminal replacement trade. ...

Market Overview - Bitcoin (BTC) experienced a recovery after hitting a low of $86,000, rising over 2% within nine hours before facing resistance at $88,250, indicating a potential early bear-market reversal despite an ongoing downtrend since October [1] - The recent selloff was influenced by risk-off sentiment among investors, following U.S. President Trump's speeches at Davos, which affected Bitcoin's status as a safe-haven asset and aligned it more closely with U.S. equities [2] Derivatives Positioning - Bitcoin futures open interest (OI) remained stable at $22.6 billion, suggesting a pause in deleveraging despite price volatility [3] - Funding rates across most exchanges have neutralized around 5% annualized, with OKX showing a -3.8% rate, indicating localized hedging or bearish positions [3] - The 3-month annualized basis on Binance and Deribit increased to just over 5%, reflecting a firming institutional appetite during market consolidation [3] - BTC options displayed high conviction with a 15% one-week 25-delta skew and 58% call dominance in 24-hour volume [3] - Implied volatility (IV) term structure shifted from contango to backwardation, with near-term rates higher than those further out, indicating a premium for immediate positioning [3] Liquidation and Altcoin Performance - Coinglass data reported $744 million in liquidations within 24 hours, with a 77-23 split between longs and shorts, highlighting significant market activity [3] - Bitcoin's weakness contrasted with altcoin resilience, as Ether (ETH) and XRP rose by 2.8%, while privacy coins Zcash (ZEC) and Monero (XMR) gained 6% and 3%, respectively [3] - Metaverse tokens performed notably, with Axie Infinity (AXS) increasing by over 23%, contributing to a 34.4% year-to-date rally in the CoinDesk Metaverse Select Index (MTVS) [3] Altcoin Market Dynamics - The CoinDesk 20 (CD20) Index, dominated by Bitcoin, has lost 0.52% since the start of the year, while the CoinDesk 80 (CD80) Index, heavy on altcoins, has risen by 2.5%, indicating relative strength among altcoins [4] - RIVER, the native token of a stablecoin protocol, surged over 2,100% in the past 30 days, with a 34% increase in the last 24 hours [4] - The "altcoin season" indicator is currently at 28/100, significantly higher than last month's 16/100 but still below September's peak of 76/100 [4] - A lack of liquidity and market depth since October's $19 billion liquidation cascade has led to exaggerated altcoin movements, resulting in high liquidation rates during selloffs and rapid recoveries [4]

BTC CME GAP AT $89,600 https://t.co/NSUbVLrN6C ...

A GAP has formed on the #BTC CME at the $89,600 level. https://t.co/5UV8khMKCM ...

Core Insights - The article emphasizes the importance of in-depth research in various investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting the value of joining iREIT on Alpha for comprehensive insights [1]. Group 1 - Leo Nelissen is identified as a long-term investor and macro-focused strategist, focusing on dividend growth and high-quality compounders [2]. - The approach combines macro analysis with bottom-up stock research to identify businesses with strong cash-flow potential [2]. - Leo also contributes to Main Street Alpha, providing deeper research and actionable investment ideas for long-term investors [2]. Group 2 - The article includes a disclosure indicating that the analyst holds a beneficial long position in several companies, including MIAX, CME, LB, and TPL [3]. - It clarifies that the article reflects the author's opinions and is not influenced by compensation from any company mentioned [3]. Group 3 - Seeking Alpha's disclosure states that past performance does not guarantee future results and that no specific investment recommendations are provided [4]. - It notes that the views expressed may not represent those of Seeking Alpha as a whole, emphasizing the independence of its analysts [4].

吴说获悉，据 coinglass 数据，近期 BTC 价格回调中，CME 与币安的持仓数据出现显著分化：CME 合 约持仓量（OI）不降反升，从 106 亿逆势增长至 110 亿美元；而币安持仓量则随价格回调较显著缩 减，目前仍未修复至一周前高位。 （来源：吴说） ...