CME Group has launched Nasdaq CME Crypto Index futures, giving traders exposure to eight large cryptocurrencies through one regulated contract. Trading began on June 8, while CME confirmed the launch on June 9. The product tracks Bitcoin, Bitcoin Cash, Ether, Solana, $XRP, Cardano, Chainlink and Stellar Lumens. It expands CME’s digital asset range beyond futures
Wall Street has largely abandoned expectations for Federal Reserve rate cuts this year ahead of the first Federal Open Market Committee meeting led by Fed Chair Kevin Warsh on June 16-17. According to a Reuters survey conducted between June 4 and June 9, 72 of 102 economists expect the benchmark federal funds rate to remain
Carlos Domingo, chief executive of real-world asset (RWA) tokenization firm Securitize, has predicted that the tokenization of stocks and exchange-traded funds (ETFs) will become the primary catalyst for expanding the RWA market to multi-trillion-dollar levels. Speaking on a panel at ETHConf in New York, Domingo pointed to the global stock and ETF market, valued at
A Florida man earned more than 700,000 views on X for explaining how he’s intentionally paying his taxes late to buy more bitcoin ($BTC). He seems to think that the 7.55% APR penalty interest that the US Internal Revenue Service (IRS) charges for his tax “payment plan” makes buying $BTC instead of paying his taxes
Securitize CEO Carlos Domingo said he believes tokenized equities and ETFs, not private credit or Treasury products, will be the asset class that ultimately drives the real-world asset (RWA) market into the trillions. Speaking at a ETHConf panel in New York on Tuesday, Domingo argued that bringing stocks and exchange-traded funds onchain could unlock a
Changpeng Zhao (CZ), the founder and former CEO of Binance and one of the most followed figures in the cryptocurrency world, was forced to make a statement following the market’s recent extremely poor performance. After recovering somewhat yesterday, Bitcoin’s price fell by around 3% today due to the decline that also deeply affected gold and
Bitcoin traders have positioned for a Federal Reserve pause next week, with CME FedWatch data showing a 98.2% probability that policymakers will leave interest rates unchanged at the June 16-17 meeting. According to CME FedWatch data, markets are assigning only a 1.8% chance of a rate cut and no meaningful probability of a rate increase,
Three of Japan’s biggest banks, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank, are in line to co-issue a stablecoin pegged to the Japanese yen before the end of Japan’s fiscal year 2026 in March 2027, according to reports coming out of Japan. The three financial institutions are close to signing a formal
President Donald Trump’s family has turned crypto into one of the most lucrative businesses tied to its name, outpacing some of the companies that spent years building the digital asset market. Between the post-election momentum of November 2024 and April 2026, ventures tied to the US President generated roughly $2.3 billion in pretax crypto income,
Hong Kong is set to take a significant step forward in digital currency adoption, with the city’s top banking regulator confirming that two major entities will launch stablecoins before the end of 2025. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), revealed in a recent interview that Anchor Technology plans to introduce