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[ CME Group CEO: The group is exploring launching its own token, "CME Coin"]
Terry Duffy, CEO of Wall Street derivatives giant CME Group, said the company is exploring the possibility of launching its own crypto token.
In response to analyst questions during the latest earnings call, Terry Duffy stated that CME is evaluating various forms of margin and collateral solutions, including tokenized cash and "proprietary tokens that may be launched on decentralized networks for use by industry participants." He pointed out that tokens from systemically important financial institutions are more reassuring as margin or settlement instruments compared to tokens issued by small and medium-sized financial institutions.
It is understood that CME is currently collaborating with Google on a tokenized cash solution, planned for launch later this year, with transactions to be completed through a custodian bank. The "proprietary token" mentioned here is considered a separate exploration; whether it will be a stablecoin or a settlement token is unclear, and CME has not provided further details.
If this plan is ultimately implemented, it will be the first time CME has explicitly proposed issuing its own assets on a decentralized network. Previously, among traditional financial institutions, JPMorgan has launched a tokenized deposit program through JPM Coin. CME also stated that its crypto derivatives business is still expanding, with plans to achieve 24/7 trading of crypto futures in the second quarter of this year.
Polymarket's cumulative notional trading volume surpasses $50 billion.
According to Dune data, Polymarket's cumulative nominal trading volume has surpassed $50 billion, currently reported at $50.346 billion.
The US CFTC overturned the Biden administration's proposed "event contracts" rule, thus "loosening" restrictions on prediction markets.
U.S. Commodity Futures Trading Commission Chairman Mike Selig today formally withdrew his 2024 proposal for "event contracts" rules, which had aimed to ban prediction market contracts based on the outcomes of political events.
Selig pointed out that the proposal was a "spur-of-the-moment decision" by the previous government before the 2024 general election and constituted inappropriate "value regulation." He argued that the new regulations would be based on a rational interpretation of the Commodity Exchange Act to promote responsible innovation. Also withdrawn was an industry consultation released last September, which Selig claimed unintentionally caused confusion among market participants.
The Trump administration's explicit support for the industry has attracted more institutions, including Coinbase and Cboe, to plan their entry into the prediction market space. With the advancement of the Congressional Crypto Market Structure Act, the CFTC is expected to become the core regulatory body for digital assets and is likely to gain explicit regulatory authority over non-securities crypto spot markets.
SpaceX has reportedly begun sending out IPO roadshow invitations to non-US banks.
According to sources familiar with the matter, SpaceX has held meetings with banks outside the United States regarding its initial public offering (IPO). The rocket and satellite manufacturer founded by Elon Musk aims to go public this year. According to some sources, in mid-January, several foreign banks sent letters of intent to SpaceX's California office. One group consisted of European banks, while another group comprised companies from other regions.
[ US Department of Labor: Non-farm payrolls will be released on February 11, CPI data to be released on February 13]
According to Jinshi Data, the U.S. Bureau of Labor Statistics announced that the release date for the January non-farm payroll report will be postponed to February 11; the release date for the January CPI report will be postponed to February 13.
In addition, the December job openings and labor mobility report will be released on February 5. Previously, due to the partial shutdown of the US government, the release of some data was delayed, but the shutdown ended late Tuesday local time, and the Labor Department and most other government agencies will have operating funds until September 30. It is understood that in addition to the regular monthly employment data and unemployment rate data, the January employment report also includes the highly anticipated annual employment data revisions.
[ Trend Research, a subsidiary of Yilihua, has lowered its liquidation price to approximately $1,640, and has reduced its holdings by 188,500 ETH in the past four days due to stop-loss orders.]
According to crypto analyst Yu Jin, since the afternoon of February 1st, Trend Research, a subsidiary of Yi Lihua, has reduced its holdings of approximately 188,500 ETH over the past four days at an average price of approximately $2,263, involving approximately $426 million. It has also repaid approximately 385 million USDT to reduce its leverage level.
Following its continued deleveraging, the liquidation price for multiple ETH lending positions has shifted to the $1576–$1682 range, primarily concentrated around $1640. Trend Research currently holds approximately 463,000 ETH.
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