Topic: #derivatives
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CFTC proposes treating event contracts as swaps, excludes sportsbook and casino wagers
The CFTC announced two actions on Oct. 9: a proposal to expressly include sports and other event contracts in the swap definition, and an interim final rule codifying the exclusion of sportsbook and casino wagers.
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Luxor's 6–13% Bitcoin financing spread hinges on hashrate delivery, CryptoSlate says
Luxor reported a 6–13% annualized Bitcoin financing spread in its September lookback. CryptoSlate's analysis says repayment still depends on miners delivering hashrate and on both hedge legs matching.
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US spot XRP ETFs hold $1.7 billion as weekly net inflows slow to $3.9 million
Five US spot XRP ETFs held an estimated $1.7 billion at the Oct. 6 close, Maketo data shows, but weekly net inflows were only about $3.9 million as Franklin and Canary saw outflows.
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3x Ether ETF ETHK would hit CME's 8,000-contract level at $362M, CryptoSlate says
CryptoSlate calculated that Volatility Shares' proposed 3x Ether ETF, ETHK, would reach CME's 8,000-contract accountability level with $362.1 million in assets, based on ETHU's Oct. 6 futures valuation.
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SEC approves Cboe rule to list Volatility Shares' 3x Bitcoin, Ether funds
The SEC on Oct. 2 approved Cboe BZX's rule change to list VS Trust's 3x Bitcoin and 3x Ether futures funds, but registration effectiveness and a first trading date remained unconfirmed as of Oct. 4.
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Hyperliquid's top-earning traders tilt $60M net short as smaller wallets stay long
Hyperliquid wallets with more than $1 million in profit held about $60 million more in shorts than longs, U.Today reported, while every smaller profit cohort stayed heavily long.
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Cboe explores perpetual futures on the VIX, Bloomberg reports; no filing yet
Cboe is exploring perpetual futures on the VIX volatility index, Bloomberg reported via CoinDesk. The crypto-style contract is at a preliminary stage, with no contract specs or filing.
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XRP open interest on Binance falls 15.3% from six-month high, CryptoQuant data shows
Open interest in XRP derivatives on Binance has fallen 15.3% from its six-month high, according to CryptoQuant data, as traders trimmed leverage on perpetuals and open interest settled near $485 million on October 1.
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Coinbase wins CFTC clearinghouse nod, but its stock perps filing names Nodal Clear
The CFTC registered Coinbase Clearing LLC as a derivatives clearing organization on Sept. 28, CryptoSlate reported. Coinbase's single-stock perpetual futures proposal was still 'Approval Pending' on Sept. 30 and names Nodal Clear.
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Volmex lists Bitcoin implied volatility perpetual futures on Hyperliquid
Volmex Finance listed perpetual futures on its Bitcoin Volmex Implied Volatility Index (BVIV) on Hyperliquid, with up to 5x leverage, hourly funding and a $2 million open-interest cap, Crypto Briefing reported.
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Cboe, S&P DJI to explore tokenized options in 25-year licensing extension
Cboe Global Markets and S&P Dow Jones Indices said Tuesday they will explore tokenized options contracts as part of a 25-year extension of their exclusive licensing deal, which runs through 2051.
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Coinbase wins CFTC approval to launch its own US derivatives clearinghouse
Coinbase received CFTC approval for Coinbase Clearing LLC, a US derivatives clearinghouse cleared for fully collateralized futures, options on futures and swaps but not leveraged products, Cointelegraph reported.
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Binance lists Hyperliquid's HYPE token for spot trading
Binance has listed HYPE, the native token of Layer-1 trading protocol Hyperliquid, for spot trading. The listing follows perpetual futures contracts available since May 2025, though the token's rapid appreciation and large airdrop distribution present volatility risks for new investors.
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Variational launches VAR token Q4 2026 with 32% airdrop to points holders
Variational, an Arbitrum-based derivatives protocol, will launch its VAR token in Q4 2026 with 32% of total supply airdropped fully unlocked to points holders, while 50% goes to team and investors under a 12-month lockup plus three-year vesting schedule.
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BitMEX ends crypto trading after 11 years, keeps withdrawals open
BitMEX officially ceased exchange operations on Wednesday after more than a decade in the derivatives market. Users can still withdraw funds through the web platform, though API withdrawals will be disabled on September 28.
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Moscow Exchange launches crypto perpetual futures with 600B ruble turnover
Moscow Exchange launched perpetual futures contracts tied to Bitcoin, Ethereum, Solana, XRP, and Tron on September 22, allowing qualified investors to gain crypto price exposure without holding the underlying assets. Cumulative turnover has exceeded 600 billion rubles.
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Bybit taker buy/sell ratio spikes above 25 as traders aggressively long Bitcoin
Bybit's taker buy/sell ratio surged above 25, signaling extreme bullish sentiment in Bitcoin perpetual futures. Analysts warn that such one-sided positioning has historically preceded sharp price reversals and cascading liquidations.
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Coinbase files CFTC application for single-stock perpetual futures
Coinbase Derivatives has filed with the Commodity Futures Trading Commission to offer 24/5 perpetual futures contracts on roughly 50 to 60 US stocks, including Apple, Microsoft, Tesla, and Nvidia, pending regulatory approval.
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$215B altcoin rally hinges on Bitcoin holding $75K support
Altcoins gained $215 billion in market cap over three days as Bitcoin climbed toward $80,000, with 56% of Binance tokens reclaiming their 200-day averages and funding rates signaling early-stage altseason—but the move risks reversal if Bitcoin loses key support.
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Crypto market erases $110 billion in 20 minutes, exposing leverage risks
The crypto market swung $610 billion in rapid succession—a $500 billion surge followed by a $110 billion drawdown—liquidating roughly $19 to $20 billion in derivatives positions and highlighting how tightly correlated digital assets have become with traditional risk markets.
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$476M Crypto Longs Liquidated in 60 Minutes as Leverage Collides With Thin Liquidity
Over $476 million in leveraged long positions were wiped out across crypto derivatives markets in a single hour on August 22, triggered by a modest 2.5% Bitcoin decline. The cascade exposed structural fragility: too many traders using excessive leverage on insufficient liquidity.
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$2.98B crypto liquidation cascade wipes 174K trader positions
A sharp price drop triggered the eighth-largest liquidation event on record, forcing approximately 174,350 traders out of leveraged positions for a combined $2.98 billion in losses across major derivatives platforms.
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KuCoin shifts perpetual contracts to hourly funding settlement
KuCoin activated an automatic rule on August 17 that moves USDT- and USDC-margined perpetual contracts to hourly funding settlement when funding rates hit contract-specific limits. Returning to four-hour settlement requires 36 consecutive hours of stable rates below 0.002%.
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Prediction Markets Shift From Questions to Data Infrastructure
Prediction market platforms are evolving from standalone question lists into financial data providers, but raw prices require context to interpret accurately. New research reveals calibration gaps and timing effects in contract pricing.