CBOE TO OPEN 10-YEAR “CONTINUOUS FUTURES” FOR BITCOIN AND ETHEREUM- Cboe Futures Exchange will open a new chapter in U.S. crypto derivatives on December 15, 2025.- The exchange plans to list long-dated “continuous futures” for Bitcoin and Ethereum, offering traders a new way to hold exposure without rolling contracts each month.What Sets These Contracts Apart- These futures run on a 10-year timetable from the day they list. A daily cash adjustment keeps the price tied to the spot market.- This structure giv ...

🚨UPDATE: CBOE FUTURES EXCHANGE WILL LAUNCH NEW 10-YEAR “CONTINUOUS FUTURES” FOR BITCOIN AND ETHEREUM ON DEC. 15 ...

Almost Perpetual? CBOE to Offer 'Continuous' Bitcoin, Ethereum Futures► https://t.co/WbIQ7CPipe https://t.co/WbIQ7CPipe ...

Market Reaction - Stocks are experiencing a pullback, influenced by comments from CEOs David Solomon and Ted Pick regarding a potential 10% to 20% correction over the next one to two years [1][2] - A 10% to 15% correction in a bull market is considered normal and could be a healthy sign for the market, allowing for reassessment of valuations [2][3] Market Conditions - Recent trading sessions have shown a spike in the repo market, indicating that some financial institutions may need capital, leading to increased high-yield credit spreads [4] - Despite the pullback, the market is still making higher highs and higher lows, maintaining the 20-day moving average for the S&P 500 [5] Volatility and Seasonal Trends - The VIX index is currently at 18, with expectations of a correction being discussed for some time [7] - November is traditionally a good month for stocks, raising questions about the duration of the current market conditions [7] Government Shutdown Impact - The ongoing government shutdown is in its 35th day, with a lack of economic data potentially reducing market volatility [9][10] - As the holiday season approaches, the impact of the shutdown may prompt Congress to negotiate a deal, affecting market sentiment [12] Federal Reserve Outlook - The labor market is a primary focus for Federal Reserve members, with indications that hiring is slowing, which may influence future monetary policy [13][15] - Market expectations suggest that a rate cut in December remains a possibility due to current economic trajectories [14] Company Focus: Humana - Humana is highlighted as a company to watch, particularly due to its exposure to Medicare and potential market share gains from United Health [18][20] - The stock is showing a bullish technical pattern, and a strong earnings report could positively impact the broader health insurance sector [19][20] Company Focus: Chemico (CCJ) - Chemico is noted for its involvement in uranium deals with the U.S. government, with potential for additional partnerships being a key point of interest [21][22] - The company's operations in Kazakhstan and Canada may benefit from reduced Russian uranium supplies, presenting a favorable outlook [22]

cme bitcoin futures basis at 1.98%, lowest since late 2022. bitcoin trades at $108k but futures barely command 2% premium over spot. last time basis was this compressed btc was sub $20k. tradfi rotates out through futures first, etfs second, spot last. the exit sequence already started. ...

Core Insights - The introduction of futures contracts for Solana and XRP by CME Group has led to significant growth in these smaller cryptocurrencies, benefiting from improved infrastructure and liquidity [1][2] - Solana and XRP have experienced record open interest in futures contracts, reaching approximately $3 billion in outstanding contracts, indicating strong market participation [2][4] - Individual investors are increasingly participating in the futures market, broadening the base of market participants beyond financial institutions [3] Market Performance - Solana and XRP futures achieved $1 billion in notional open interest in August, with Solana futures doubling their open interest in just 18 days [4] - In October, Solana futures averaged nearly $700 million in daily trading volume on a notional basis, showcasing robust trading activity [4] Regulatory Environment - The regulatory clarity in the U.S. has attracted more market participants, enabling strategies like basis trading that capitalize on price differences between spot and future prices [6] - The launch of exchange-traded products (ETFs) tied to Solana and XRP has further facilitated these trading strategies, allowing for greater market engagement [6]

Core Insights - The options open interest (OOI) market has reached approximately $108 billion, significantly larger than the futures open interest (FOI) market at $68 billion, indicating a widening gap between the two markets [1][4] - The growth of the options market is attributed to the recent liquidation event that wiped out over $20 billion in FOI, highlighting the impact of leverage in the futures market [4] - The launch of options trading on BlackRock's iShares Bitcoin Trust (IBIT) has contributed to the maturation of the bitcoin financial cycle, making IBIT the largest bitcoin options platform [5] Options Market Dynamics - OOI serves various functions such as hedging, delta-neutral strategies, and volatility trading, while a large FOI indicates higher leverage levels, which can exacerbate market stress [2] - The current OOI level is just below its all-time high of $112 billion, while FOI has decreased from its peak of $91 billion, reflecting a structural shift in market dynamics [4] Market Volatility and Risk Management - A growing options market, especially on regulated platforms, is expected to reduce overall market volatility and encourage sophisticated hedging activities [5] - As OOI becomes more dominant, it may lead to volatility compression, potentially cushioning downside risks during bear markets but also resulting in less pronounced price surges during bullish phases [6]

Core Insights - CME Group plans to offer 24/7 trading for its cryptocurrency products, including Bitcoin and Ethereum futures and options, starting in early 2026, pending regulatory review [1][2] - The demand for around-the-clock cryptocurrency trading has increased, driven by market participants' need to manage risk daily [2] - CME's cryptocurrency futures and options have reached record volumes this year, with notional open interest hitting $39 billion in mid-September and outstanding contracts increasing by 95% year-over-year [3] Group 1 - CME Group's cryptocurrency futures and options will be tradable 24/7 starting in early 2026, pending regulatory review [1] - The shift to 24/7 trading aligns CME more closely with crypto markets, although it will include a two-hour weekly maintenance period [2] - Client demand for continuous trading has grown, reflecting the evolving needs of market participants [2] Group 2 - CME's cryptocurrency products have seen record volumes this year, indicating a deeper integration of crypto into traditional finance [3] - Notional open interest reached a record $39 billion in mid-September, with outstanding contracts at 335,200 in August, marking a 95% increase year-over-year [3] - CME has been proactive in monitoring trading activities to prevent market manipulation, which is crucial for regulatory approvals [5]

SINGAPORE – Institutional investors are quickly embracing CME’s futures for XRP (XRP) and solana (SOL), both launched earlier this year, alongside steady growth in bitcoin (BTC) and ether (ETH) derivatives, according to Tim McCourt, the exchange’s Global Head of Equity & FX Products. Speaking at the ongoing Token2049 conference attended by CoinDesk, McCourt stated that total crypto futures open interest, a key indicator of institutional activity, has doubled year-over-year, now reaching $30 to $35 billion ...

Morgan Stanley is joining with crypto and stablecoin infrastructure firm Zerohash to enable customers of the Wall Street giant's E*Trade online brokerage platform to trade Bitcoin, Ethereum, and Solana, the company confirmed to Decrypt on Tuesday. New York-based Morgan Stanley may expand to other digital assets and is planning to offer wallet services. The bank referred Decrypt to an article by Bloomberg, which first reported the news. Crypto trading services are expected to begin in the first half of 202 ...