ChainCatcher news, according to The Block, as the fourth quarter of 2024 approaches, some analysts predict that Bitcoin and the broader cryptocurrency market will continue to rise, primarily driven by institutional adoption and macroeconomic factors.Gabriel Selby, Chief Research Analyst at CF Benchmarks, stated in the report: "Against the backdrop of macro changes and institutional adoption, digital assets are expected to continue growing in the fourth quarter as sovereign balance sheets come under pressure, and investors will seek long-term hedging tools like Bitcoin."Selby noted that after the presidential election on November 5, there could be significant changes in the U.S. regulatory landscape, creating a favorable environment for cryptocurrency innovation. "We are seeing conditions that enhance investor confidence and drive capital formation."Ryan Lee, Chief Analyst at Bitget Research, is also bullish on Bitcoin's performance in the last quarter. He stated: "Bitcoin is expected to perform better in October than in September, with a target price range of $58,000 to $72,000."Lee pointed out several compelling signs in the derivatives market, including multiple instances of negative funding rates in Bitcoin futures in September, and the fear and greed index still hovering in the "extreme fear" zone. "Historically, these factors often herald the arrival of a significant rebound."

ChainCatcher news, Sui Chung, CEO of index provider CF Benchmarks, stated that demand for Ethereum spot ETFs may continue to grow in the coming months, and more wealth management companies are expected to offer such products to their clients.Sui Chung said: "We expect that once wealth managers and financial advisors complete the educational process about what Ethereum is, its utility, and why they should hold it alongside Bitcoin ETFs, the inflow of funds into Ethereum ETFs will continue to rise. The educational process will help investors understand the Ethereum economy and highlight the key differences from Bitcoin, thereby fully illustrating that the allocation drivers are different, and both belong to a balanced portfolio."

ChainCatcher news, according to PR Newswire, the Chicago Mercantile Exchange and cryptocurrency benchmark index provider CF Benchmarks announced today that they plan to launch two new cryptocurrency reference rates and real-time indices for XRP and ICP starting July 29. These will be calculated and published daily by CF Benchmarks, utilizing pricing data from cryptocurrency trading platforms that are currently part of the CME CF benchmark reference rate and real-time index suite.Each new benchmark will be calculated using pricing data from at least two trading platforms, which include Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.

ChainCatcher news, according to Bloomberg, Sui Chung, CEO of CF Benchmarks under the cryptocurrency exchange platform Kraken, expects that by the end of 2024, the asset management scale of Bitcoin ETFs in Hong Kong will reach $1 billion.London-based CF Benchmarks provides reference data for crypto ETFs, primarily Bitcoin products, including BlackRock's IBIT. The company is currently collaborating on a new ETF in Hong Kong, which was launched earlier this week. Chung believes that South Korea and Israel are the next markets for listed crypto ETFs.CF Benchmarks was founded in 2017 and was acquired by Kraken for over a million dollars in 2019.

ChainCatcher news, according to The Block, cryptocurrency benchmark index provider CF Benchmarks has launched a Bitcoin Volatility Index to assist in tracking and trading 30-day Bitcoin price fluctuations.It is reported that the product consists of the CF Bitcoin Volatility Real-Time Index (BVX) and the CF Bitcoin Volatility Index Settlement Rate (BVXS).

ChainCatcher news, the crypto asset management company CF Benchmarks has launched the GameFi Index, stating that this is the first step in the process of creating potential investment products such as funds, trusts, and ETFs, which provide investment opportunities in GameFi for investors in Hong Kong and the broader Asia-Pacific region.

ChainCatcher news, the Chicago Mercantile Exchange Group (CME Group) and cryptocurrency benchmark index provider CF Benchmarks announced plans to launch two Bitcoin and Ethereum reference rates for the Asia-Pacific region on September 11 - CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP). These two rates will provide a daily reference rate for the dollar price of these two digital assets, with the release time at 4 PM Hong Kong/Singapore time.

ChainCatcher news, according to TheBlock, digital asset broker FalconX has partnered with crypto index company CF Benchmarks to provide users access to the regulated crypto derivatives market through swaps, options, and non-deliverable forward contracts settled to a single asset reference rate.These contracts are settled based on indices managed by CF Benchmarks (a FCA-regulated cryptocurrency index provider), offering exposure to Bitcoin settled against the CME CF Bitcoin Reference Rate, as well as exposure to Ethereum settled against the CME CF Ether-Dollar Reference Rate.

Chain Catcher news, cryptocurrency index company CF Benchmarks has partnered with Chainlink to launch a Bitcoin interest rate curve, which utilizes three different data sources, including trading data from futures exchanges (CME, BitMEX, FTX, OKX, Bybit), data from DeFi lending protocols (such as Aave or Compound), and data from over-the-counter cryptocurrency lenders, aimed at facilitating the creation of crypto financial products, such as crypto interest rate derivatives contracts. (Source link)