Why should we be long crypto. It's going down. And I'm like, that's the dumbest reason because it's going down. Like the reason you should be long crypto is because it trades at three to four times the volatility of the S&Ps. So when it turns around, you're going to make four times as much and the basis is lower right now.That's why everybody should have crypto in their portfolio. Just it doesn't matter how much, a couple percent, whatever. What's going on, guys.Today we got a great episode with Tom Sausnof ...

CME Group stated on X that its crypto futures lineup now covers more than 75% of the total cryptocurrency market capitalization. The suite includes newly added futures on Cardano (ADA), Chainlink (LINK), and Stellar (XLM) — available in both standard and micro contract sizes and cash-settled — alongside existing contracts for BTC, ETH, SOL, and XRP. https://t.co/i91KzIhdBt ...

CME Group has announced they are adding futures for Cardano (ADA), Chainlink (LINK), and Stellar (XLM). https://t.co/rJFHQGpQqu ...

Core Viewpoint - CME Group is actively considering launching its own cryptocurrency and moving all crypto products to 24/7 trading, indicating a strategic shift in its approach to digital assets [1][2]. Group 1: Cryptocurrency Initiatives - CME Group is collaborating with Google on a tokenized cash initiative aimed at secure wholesale payments and asset tokenization, expected to roll out later this year [2]. - The company is exploring the potential of launching its own coin on a decentralized network, which distinguishes it from competitors like Citigroup and JPMorgan that are using private networks for tokenization [2]. Group 2: Trading Operations - CME Group has been contemplating 24/7 trading for its crypto products for some time, with plans to begin around-the-clock trading for cryptocurrency futures and options in early 2026, pending regulatory review [3]. - The firm is preparing to launch futures for XRP and Solana, alongside other cryptocurrencies like Chainlink, Cardano, and Stellar [3]. Group 3: Trading Volume Performance - In 2025, CME Group reported record cryptocurrency trading volumes, with an average daily volume increase of 92% year-over-year in Q4, translating to over $13 billion in notional value traded per day [4].

Market Overview - Major altcoins, including XRP and Dogecoin, are trading at their lowest levels since 2024 as Bitcoin continues to decline, falling below $84,000 [1] - Bitcoin has reached a two-month low, while some altcoins are experiencing prices not seen in over a year [1] Altcoin Performance - Dogecoin (DOGE) has decreased by 8% in the last 24 hours, currently priced at $0.115, which is 84% lower than its all-time high of $0.73 in 2021 [2] - XRP has dropped 7% in the last 24 hours, trading at $1.78, down more than 51% from its all-time high of $3.65 last year [3] - Other altcoins like Cardano (ADA), Stellar (XLM), Litecoin (LTC), and Hedera (HBAR) have also fallen by 5% or more, reaching their lowest marks since 2024 [4] Legislative Context - The decline in crypto prices coincides with developments regarding the CLARITY Act, a crypto market structure bill that passed a markup session in the Senate Agriculture Committee without Democratic support [4] - Senate Democrats are committed to passing the bill but express concerns that the current draft lacks essential provisions due to Republican and White House influences [5] Liquidation Trends - Liquidations in the crypto market have exceeded $1 billion in the last 24 hours, primarily affecting long positions, with nearly $920 million in long liquidations [6] - The price drops of Bitcoin and Ethereum, which fell by 6.3% and 7.7% respectively, are significant contributors to the liquidation events [6] Current Prices - Bitcoin is currently trading around $83,811, while Ethereum is priced at $2,788 [7]

RT Coinbase Markets 🛡️ (@CoinbaseMarkets)Now live: Trade US Perpetual-Style Futures for all altcoins on Coinbase Derivatives, available 24/7.→ Shiba Inu $SHIB→ Avalanche $AVAX→ Bitcoin Cash $BCH→ Cardano $ADA→ Chainlink $LINK→ Dogecoin $DOGE→ Hedera $HBAR→ Litecoin $LTC→ Polkadot $DOT→ SUI $SUI→ Stellar $XLMThese futures contracts are offered by Coinbase Derivatives and will be available to both retail and institutional traders via approved FCM partners listed on https://t.co/TbTCRmVAAE. ...

Group 1 - XRP and Stellar both focus on fast, low-cost cross-border payments but target different customer segments and profit pools [1] - XRP is designed as a blockchain-based tool for regulated financial institutions to facilitate international value transfers and manage tokenized assets [3][4] - Ripple has developed the XRP Ledger into a comprehensive institutional finance stack and is actively marketing it alongside various financial services [4] Group 2 - Ripple is expanding its banking capabilities by applying for a U.S. national bank charter and acquiring Hidden Road for $1.2 billion, which clears approximately $3 trillion annually [5] - XRP's market cap is around $125 billion, positioning it as the fourth-largest cryptocurrency and indicating significant stored capital for potential user offerings [6] - The primary risk for XRP lies in Ripple's ability to execute its business plan effectively, but it currently targets a lucrative market in the fintech sector [7] Group 3 - XRP aims to enhance efficiency for financial institutions, while Stellar focuses on improving efficiency for non-governmental organizations, with the former having access to a wealthier audience [8]

New Product Launch - Coinbase Derivatives officially launches 24/7 trading for all altcoin monthly futures [1] - Coinbase Derivatives will launch altcoin US Perpetual-Style Futures on December 15 [1] Supported Assets - The 24/7 trading includes Shiba Inu ($SHIB), Avalanche ($AVAX), Bitcoin Cash ($BCH), Cardano ($ADA), Chainlink ($LINK), Dogecoin ($DOGE), Hedera ($HBAR), Litecoin ($LTC), Polkadot ($DOT), SUI ($SUI), and Stellar ($XLM) [2]

RT Coinbase Markets 🛡️ (@CoinbaseMarkets)December just got major for altcoin traders.December 5: 24/7 trading goes live for all altcoin monthly futures from Coinbase DerivativesDecember 12: New US perpetual-style futures launch for all altcoinsAssets launching:→ Shiba Inu $SHIB→ Avalanche $AVA→ Bitcoin Cash $BCH→ Cardano $ADA→ Chainlink $LINK→ Dogecoin $DOGE→ Hedera $HBAR→ Litecoin $LTC→ Polkadot $DOT→ SUI $SUI→ Stellar $XLMThese futures contracts are offered by Coinbase Derivatives and will be available to ...

Financial Data and Key Metrics Changes - Net revenue for the first quarter was $94 million, down 7% year-over-year and down 9% on a constant currency basis [12] - Product revenue was $37 million, a decrease of 23% year-over-year and down 24% on a constant currency basis [12] - Service revenue was $57 million, up 7% year-over-year and up 4% on a constant currency basis [13] - Overall gross margin for the quarter was 28.3%, compared to 33.9% in the prior year [14] - Adjusted EBITDA for the quarter was a loss of $4.1 million, compared to an income of $3.1 million in the prior year [17] Business Line Data and Key Metrics Changes - Product revenue decline was attributed to slower performance in EMEA and China regions [12] - Service revenue growth was driven by a 10% increase in contract revenue year-over-year [13] - Product orders for the first quarter were approximately $40 million, with a book-to-bill ratio of 1.1 [13] Market Data and Key Metrics Changes - The company experienced a slowdown in EMEA and China, while the U.S. market showed stability [25] - The company reported gross orders of about $40 million, lower than expectations due to timing of customer receipts in the Americas and China [26] Company Strategy and Development Direction - The immediate goal is to identify key strategic, operational, and financial areas necessary for competitive positioning and margin expansion [6][8] - The transformation plan aims to enhance organizational responsiveness and agility, targeting a high single-digit adjusted EBITDA margin within 12 months [9] - The company plans to provide more details on the transformation plan in early 2026 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for enhancing performance and long-term growth prospects [5] - The company reiterated its fiscal year 2026 guidance with revenue expected in the range of $471 million to $485 million [18] - Management noted that geopolitical and macroeconomic uncertainties are ongoing but expressed confidence in achieving adjusted EBITDA guidance [20] Other Important Information - The company initiated a restructuring plan resulting in $2.8 million in restructuring charges [17] - The company ended the first quarter with a reporting order backlog of approximately $396 million, providing strong visibility for future revenue conversion [13] Q&A Session Summary Question: What is the current capital equipment purchasing environment? - The response indicated a varied environment by region, with a slowdown in EMEA and China but stability in the U.S. and growth in APAC [25] Question: What contributed to the difference between gross and net orders? - The response noted that age outs occurred but were not out of the norm, with lower gross orders primarily due to timing of customer receipts [26] Question: Any updates on tariff mitigation efforts? - The company is actively pursuing a duty drawback program and considering the implementation of a foreign trade zone to mitigate tariffs [27] Question: What is the expected revenue split between the first and second half of the fiscal year? - Management expects first half revenue to be about 40% of full-year guidance and second half to be about 60% [29] Question: How will product gross margins be affected in the upcoming quarters? - The response indicated that product gross margins are expected to improve in the second half as more deals in developed markets are executed [32]