cftc pilot goes live q1 2025. btc and eth become collateral for $10 trillion derivatives markets. cme already building the infrastructure. this isn't trading volume that comes and goes. it's collateral that gets posted and stays locked. haircuts start at 50% but improve as dcos get comfortable. every hedge fund holding btc just got handed 50-70% more capital to deploy without selling a single coin. sol didn't make the cut. only btc, eth, and usdc approved. ...

CFTC clears path for ETH, Bitcoin and USDC to be used as collateral in derivatives markets https://t.co/KVEocVnlNx ...

CFTC to Pilot Tokenized Collateral in Derivatives Markets Starting With Bitcoin, Ethereum and USDC► https://t.co/3udWGxg8Lf https://t.co/3udWGxg8Lf ...

Acting CFTC Chairman Caroline Pham announced the launch of a digital-assets collateral pilot program allowing BTC, ETH, and USDC to be used in U.S. derivatives markets, alongside new guidance for tokenized collateral. MPD also withdrew Staff Advisory 20-34, stating that developments in digital assets and the use of tokenized collateral, including the enactment of the GENIUS Act, have made the advisory outdated and no longer relevant. https://t.co/R7FLjIHQMk ...

CFTC Launches Initiative to Allow Tokenized Collateral in Derivatives Markets► https://t.co/u4VYlqp57W https://t.co/u4VYlqp57W ...

🚨UPDATE: US CFTC TO EXPLORE TOKENIZED COLLATERAL IN DERIVATIVES MARKETS, INCLUDING STABLECOINS, SAYS ACTING CHAIR CAROLINE D. PHAM ...

Regulatory Developments - CFTC (商品期货交易委员会) 代理主席 Caroline D Pham 宣布一项倡议，允许稳定币首次在美国衍生品市场用作代币化抵押品 [1] - 此举是在 2 月份的加密货币 CEO 论坛上讨论了这一想法之后采取的 [2] Market Sentiment - 市场情绪看涨，认为稳定币作为抵押品具有积极意义 [1] - 呼吁对认可投资者法进行改革 [1]

Core Points - CME Group has opened registration for the 22nd annual CME Group University Trading Challenge, scheduled from October 5 to October 31, 2025, with a registration deadline of September 25, 2025 [1][2] - The Trading Challenge provides an educational platform for undergraduate and graduate students to manage market risks and protect mock investment portfolios [2][3] - Since its inception 22 years ago, over 35,000 students have participated in the challenge, highlighting the growing interest among young people in financial markets [3][4] - Last year, the challenge saw a record participation of 570 teams, comprising approximately 2,300 students from 180 universities across 24 countries, with Indiana University winning the 2024 competition [4] - CME Group is dedicated to educating future finance professionals about global derivatives markets and risk management through various initiatives, including the Trading Challenge and educational resources like Futures Fundamentals [5][6]