BTC $78,920.02 -0.08%
ETH $2,474.76 -1.26%
BNB $691.59 -1.24%
XRP $1.38 -2.20%
SOL $103.66 -2.24%
TRX $0.3333 -2.16%
DOGE $0.0833 -2.87%
ADA $0.1978 -3.31%
BCH $248.07 -1.92%
LINK $11.39 -2.10%
HYPE $84.14 +1.23%
AAVE $123.70 -3.75%
SUI $0.7288 -3.61%
XLM $0.1787 -1.32%
ZEC $849.07 -2.73%
BTC $78,920.02 -0.08%
ETH $2,474.76 -1.26%
BNB $691.59 -1.24%
XRP $1.38 -2.20%
SOL $103.66 -2.24%
TRX $0.3333 -2.16%
DOGE $0.0833 -2.87%
ADA $0.1978 -3.31%
BCH $248.07 -1.92%
LINK $11.39 -2.10%
HYPE $84.14 +1.23%
AAVE $123.70 -3.75%
SUI $0.7288 -3.61%
XLM $0.1787 -1.32%
ZEC $849.07 -2.73%

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first_img CME launches a new cryptocurrency index that does not include Bitcoin and Ethereum

On Monday, CME Group officially launched two multi-asset cryptocurrency benchmark indices, one covering a broad market index and a "Emerging Crypto Index" specifically measuring large crypto assets beyond Bitcoin and Ethereum. The CME CF Emerging Crypto Index excludes Bitcoin and Ethereum, tracking a total of 10 assets: BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX, and AAVE; while the CME CF Crypto Market Index includes Bitcoin and Ethereum in addition to the aforementioned 10 assets.Both indices are weighted by free float market capitalization and undergo component adjustments and rebalancing every six months. The real-time version is calculated once per second and operates around the clock; the settlement version is calculated once daily and published at 4 PM London, New York, and Singapore/Hong Kong time. The methodology for the Emerging Index requires component assets to meet custody conditions, exclude meme coins, and set protocol usage rate screening thresholds based on the ratio of total locked value to total market capitalization. At the time of initial inclusion, assets that do not yet meet the general listing standards for cryptocurrency ETFs on U.S. national securities exchanges but are expected to be compliant within 30 days may temporarily enter the index with a maximum combined weight of 10%.The index is designed to be investable and can be used for passive replication by funds and derivative settlements, continuing the precedent set by CME's launch of Nasdaq CME Crypto Index futures in June. CF Benchmarks stated that the Emerging Index can be licensed for financial products, investment funds, or derivative instruments.

first_img Ireland's new tax incentive investment accounts will exclude cryptocurrencies

Ireland is preparing to exclude cryptocurrencies from the government-designed personal investment accounts set to launch in 2027, which will allow savers to invest in listed stocks, bonds, and exchange-traded funds (ETFs). The Irish government has classified cryptocurrencies and derivatives as "highly complex and higher-risk products" in its retail investment tax roadmap, and they will not be included in the scope of qualifying assets.The new accounts will set a yet-to-be-determined tax-free threshold, with amounts above the threshold subject to a low tax rate based on annual average value, and the existing deemed-disposal regime (which taxes unrealized gains at a rate of 38% every eight years) will not apply to investments within the accounts. Account providers will be responsible for calculating, reporting, and paying taxes to the Irish Revenue Commissioners, and savers will not face minimum contribution amounts, holding period, or lock-in period restrictions.The product list follows the European Commission's September 2025 recommendations regarding savings and investment accounts, which exclude high-risk and complex derivatives and cryptocurrencies, but with the exception of tokenized financial instruments. Tax rates, thresholds, and annual contribution limits are expected to be determined in the 2027 budget to be announced in October. Research from the Central Bank of Ireland shows that 38% of Irish households' financial assets are held in cash and deposits, higher than the EU average of 30%.
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