ChainCatcher news, Payal Shah, Director of Stock and Cryptocurrency Research and Product Development at CME Group, stated that ETH's performance will surpass BTC this year.The article mentions that Ethereum has risen about 53% in 2024, while Bitcoin has increased by 113%; however, Ethereum's recent performance shows a promising outlook. Since the announcement of the U.S. election results, Ethereum has risen by 39%, exceeding Bitcoin's 35% increase, indicating that the market's optimism regarding the pro-cryptocurrency policies expected from the elected President Donald Trump has fueled Ethereum's potential recovery. Additionally, other key factors driving this optimism include strong staking activity, stable transaction fees, and growing institutional interest, particularly through ETFs.

According to ChainCatcher news, as reported by PR Newswire, the derivatives market CME Group announced market statistics indicating that the average daily trading volume of contracts for the entire year of 2024 will reach 26.5 million, with the average daily trading volume of cryptocurrency contracts increasing by 203%, reaching approximately 117,000 contracts (6.8 billion USD), including:The annual average daily trading volume of micro Bitcoin futures will reach 48,000 contracts;The annual average daily trading volume of micro Ethereum futures will reach 41,000 contracts;The annual average daily trading volume of Bitcoin futures will reach 16,000 contracts;The annual average daily trading volume of Ethereum futures will reach 6,400 contracts.

ChainCatcher news, according to the official announcement, the Chicago Mercantile Exchange (CME) will launch Bitcoin Friday futures (BFF) on September 30, 2024, providing a precise and flexible way to trade Bitcoin.Each BFF contract represents 1/50 of a Bitcoin, ensuring capital efficiency and accessibility. These shorter-term contracts expire every Friday at 4 PM (Eastern Time) and settle based on the CME CF Bitcoin Reference Rate New York variant, which may be closer to the Bitcoin spot price.

ChainCatcher news, according to Sharpe AI's announcement on the X platform, cryptocurrency data analysis platform Sharpe Terminal's developer Sharpe Labs Ltd. has signed a multi-year information licensing agreement with CME Group.Under the terms of the agreement, Sharpe AI will license market data from CME Group to be integrated into the Sharpe Terminal platform, allowing Sharpe's institutional clients to access benchmark derivatives data from the Chicago Mercantile Exchange as well as Sharpe's cryptocurrency market analysis.

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 the CME FedWatch tool data, as of June 23, 2024, the probability that the Federal Reserve will keep interest rates unchanged at the upcoming FOMC meeting is 89.7%, while the probability of a 25 basis point rate cut is 10.3%.

ChainCatcher news, according to Bloomberg, Goldman Sachs, BNY Mellon, the Chicago Options Exchange, and several other companies have completed a series of pilot tests on a blockchain network connecting different banks and financial institutions.It is reported that this is the largest inter-chain experiment in the capital markets, using the Canton Network, which was launched by the startup Digital Asset Holdings last May. Participants executed over 350 simulated transactions on the blockchain, involving tokenized assets, fund registration, digital cash, repurchase agreements, securities lending, and margin management.

ChainCatcher news, the CME Group will launch euro-denominated micro Bitcoin and Ethereum futures on March 18, pending regulatory review.

ChainCatcher news, according to CME's "FedWatch": The probability that the Federal Reserve will keep the interest rate unchanged in the range of 5.25%-5.50% in December is 95.3%, while the probability of a 25 basis point rate hike is 4.7%.The probability of maintaining the interest rate unchanged until February next year is 89.4%, with a cumulative probability of a 25 basis point rate hike at 10.3%. The probability of a cumulative 50 basis point rate hike is 0.3%.By March next year, the probability of a cumulative 25 basis point rate cut is 21.5%, the probability of keeping the interest rate unchanged is 70.4%, the probability of a cumulative 25 basis point rate hike is 7.9%, and the probability of a cumulative 50 basis point rate hike is 0.2%.

ChainCatcher news, the Chicago Mercantile Exchange Group (CME) announced on Thursday that it plans to launch Ethereum/Bitcoin (ETH/BTC) ratio futures on July 31, pending regulatory approval. The futures product will be cash-settled, with its value determined by dividing the CME Ethereum futures final settlement price by the corresponding CME Bitcoin futures final settlement price. In May of this year, the CME added daily-expiring Bitcoin and Ethereum futures options contracts, as well as micro Bitcoin and Ethereum futures. (CoinDesk)

ChainCatcher message, according to data from The Block, as of today, the trading volume of Ethereum options on the Chicago Mercantile Exchange (CME Group) has increased to $272 million this month, compared to $94.7 million in March, with open interest reaching $205 million, setting a new historical high. The growth in Ethereum options trading data this month may be related to the Ethereum Shanghai upgrade.In addition, aside from the Shanghai upgrade, the 30-day moving average of Ethereum spot and futures trading volume is nearing a three-year low, indicating that the growth rate of futures activity is outpacing the demand from spot buyers. (The Block)

ChainCatcher news, the CME Group announced plans to expand its cryptocurrency options contracts for standard and micro Bitcoin and Ethereum contracts starting May 22, currently awaiting regulatory review. Among them, Bitcoin and Ethereum futures options will offer new expiration dates on Monday, Tuesday, Wednesday, Thursday, and Friday.Micro Bitcoin and Ethereum futures options will add expiration dates on Tuesday and Thursday to the existing Monday, Wednesday, and Friday contract expiration dates. All these new products will complement the existing monthly and quarterly expirations of all Bitcoin and Ethereum futures contracts. (Source link)

ChainCatcher news, according to Bloomberg, even after the collapse of FTX, the futures exchanges have not given up on cryptocurrency. CME Group Inc. CEO Terry Duffy has been a critic of SBF, but after the collapse of FTX, he emphasized that the exchange will not stop crypto futures trading just because of "one bad actor."In addition, the Chicago Board Options Exchange (Cboe Global Markets) and software provider Trading Technologies have also stated that they will continue to support digital assets. (Source link)

ChainCatcher news, the Chicago Mercantile Exchange (CME) announced the appointment of two new global heads for its equity index and cryptocurrency businesses to continue driving product innovation and supporting long-term growth. Among them, Paul Woolman, the global head of equity index products, will be responsible for the company's equity index product portfolio, while Giovanni Vicioso, the global head of cryptocurrency products, will oversee the company's cryptocurrency products. Woolman and Vicioso will report to Tim McCourt, who previously led both businesses and was recently appointed as the global head of equity and foreign exchange products for the CME Group. (financefeeds)

Chain Catcher News, the Chicago Mercantile Exchange (CME) has officially launched Ethereum options. Tim McCourt, Global Head of Equity and FX Products at CME Group, stated: "With market participants anticipating the upcoming Ethereum merge, this is a potentially game-changing update. Interest in Ethereum derivatives is surging, and the new options contracts will complement CME Group's Ethereum futures, which have seen a 43% year-over-year increase in average daily trading volume."Previously reported, on August 18, the CME Group announced plans to launch Ethereum futures options on September 12. (Source link)