Join us live Thursday at 11 AM ET for a space covering the following:
→ Hyperliquid: HYPE up ~160% YTD with three spot HYPE ETFs now live. Can revenue-generating tokens differentiate themselves?
→ Macro: May CPI and Warsh's first meeting as Fed Chair
→ SpaceX IPO: The largest ever, eyeing a valuation of ~$1.75T
→ IPO Access on Kraken: SpaceX as the first xStocks listing
x.com/i/spaces/1oJMvvlpgnkxQ
Bitcoin isn't an inflation hedge. Inflation is a basket of prices. Debasement is the dilution of the money you hold. $BTC hedges the second, not the first.
Everyone needs to understand this nuance and stop grading a multi-year thesis on a 30-day CPI print.
Join us live Thursday at 11 AM ET for a space covering the following:
→ Hyperliquid: HYPE up ~160% YTD with three spot HYPE ETFs now live. Can revenue-generating tokens differentiate themselves?
→ Macro: May CPI and Warsh's first meeting as Fed Chair
→ SpaceX IPO: The largest ever, eyeing a valuation of ~$1.75T
→ IPO Access on Kraken: SpaceX as the first xStocks listing
x.com/i/spaces/1oJMvvlpgnkxQ
🎙️New CFBTDA LIVE | Rate-Hike Fears, AI's Pull on Miners & Crypto's Capitulation ft. @JohnTodaro1 and @XWangXin
Renewed rate-hike risk, the oil shock, the miner pivot to AI infrastructure, MicroStrategy under pressure, and whether this is real capitulation or just noise.
Plus: HYPE joins the CF Capitalization Series, and CME Bitcoin Volatility (BVI) futures go live.
@gxselby@MarkPilipczuk@ThomasPerfumopodcasts.apple.com/us/podcas…
Following the recent sell-off, Bitcoin volatility is turning higher. The CME CF Bitcoin Volatility Index (BVX) has climbed to 49.17, up from its late-May low near 36. As of June 1, that move is tradable: CME Bitcoin Volatility futures (BVI) settle to the BVX and isolate volatility from price direction. cmegroup.com/markets/cryptoc…
Join us for a space on Thursday at 11 AM ET.
Guest: John Todaro of Needham & Company
On the agenda:
→ Macro backdrop: a hawkish FOMC and the higher-for-longer question
→ AI, HPC and crypto equities as earnings season wraps
→ CME BVX volatility futures: a tradable vol benchmark for crypto
→ CME 24/7 trading: what always-on means for the CME gap and basis
x.com/i/spaces/1qKVmmgbVEZxB
Every CF Benchmarks index posted a negative return in May. The CF Digital Culture Index was most resilient at -1.2% for the month; the CF Diversified Large Cap Index lagged the complex at -4.6%. Year to date, drawdowns now span roughly 20% to 29%.
Beneath the index level, dispersion was wide: Hyperliquid (HYPE) rose 75.8% on the first U.S. spot HYPE ETFs, while broad market measures fell. A reminder that "the market" and any single token are increasingly different exposures.
Proud to partner with @CMEGroup on the launch of Bitcoin Volatility (BVI) futures, the first regulated bitcoin volatility contract. Tracking our CME CF Bitcoin Volatility Index (BVX), it lets investors trade the forward-looking, 30-day implied volatility of bitcoin regardless of price direction, through a fully regulated, robust settlement process.
We’re proud to support @CMEGroup’s move to 24/7 crypto trading, a significant milestone in the evolution of institutional digital asset markets.
As CF Benchmarks CEO Sui Chung notes:
“Super excited to be supporting such a momentous move from the world’s largest derivatives marketplace. It’s especially exciting as it paves the way for the world’s first centrally cleared and regulated Bitcoin volatility contract, BVX Futures, to also trade 24/7 from next week.”
Another step toward a truly global, always-on institutional crypto market.
Only one week until our suite of Crypto futures and options moves to 24/7 trading. ⏳
Reach out to your broker or clearing firm to make sure you're ready for the transition on May 29.* spr.ly/6013B8DMgX
*Pending regulatory review
In our latest Index Bytes video, @ErdosiThomas and @the_realcis break down CF Benchmarks' Factor Model for Digital Assets: seven systematic drivers of crypto returns, built with Fama-French rigour, validated with long-short portfolios, and published with Springer Nature:
We're heading to ETF Ecosystem Unwrapped 2026 in London!
Find the CFBenchmarks team at Booth 41 to learn how our FCA-regulated crypto indices underpin some of the world's leading crypto ETFs.
Book time with us ahead of the event: 3zgh0.share.hsforms.com/26r0…