Join us tomorrow at 11am ET for our weekly space.

This week we'll be joined by @BenGrayEsq, Payward's Cheif Legal Officer, to discuss the regulatory landscape. We also have @TreidlCFA joining to discuss his recent research on the VVV token.

Set a reminder below 👇
x.com/i/spaces/1RKjp…

We're hosting our weekly space tomorrow at 11am ET.

This week, we'll be joined by @Bivu_D to discuss our latest research on stablecoin banking infrastructure.

We'll also be discussing the latest CPI print and what it means for the FOMC meeting this month
d

Join us tomorrow at 11am ET for a space.

This week we'll be covering the jobs miss, Q3 earnings, rising yields, and Crypto's recent pullback.

Set a reminder to join below 👇

x.com/i/spaces/1YGNr…

Join us for our weekly space tomorrow at 11 AM ET.

We'll be discussing our recently published outlook for Q4. Link below 👇

cfbenchmarks.com/blog/market-ou…

Set a reminder, you don't want to miss it!

x.com/i/spaces/1AGRn…

🚨Join us tomorrow at 11am ET for a space🚨

We'll be hosting @cornMaxy and @Andre_Dragosch from @Bitwise_Europe to discuss our most recent joint research piece: The Bitcoin Bottom Explained. Tune in to hear what indicators we're watching while Bitcoin is on the move.
s

We're hosting our weekly Space tomorrow at 11am ET

This week we'll be joined by @JohnTodaro1 to discuss the results that we saw out of crypto & AI names this past earnings season. We'll also share our expectations for the FOMC meeting and the CLARITY act votes next week.

Link beloFrrXR

We're hosting our weekly space tomorrow at 11am!

This week, we'll be joined by @ErdosiThomas to discuss the new CME CF Crypto Market Index and the CME CF Emerging Crypto Index. We'll also give our takes on Jackson Hole as well as the price action we saw in August.
W

Two new BMR regulated benchmarks go live today!

CME CF Crypto Market Index (CRYPTO): The 12 largest assets in the CME CF investible universe, weighted by free-float market cap.

CME CF Emerging Crypto Index (ECI): Same rules, BTC and ETH excluded.

Daily reference rates, and 👇

cfbenchmarks.com/data/indices/C…

cfbenchmarks.com/data/indices/E…

Tune in to this week's space tomorrow at am 11ET!

This week, we'll be joined by @pahueg and @dlawant to discuss the things that should be on the top of investors' minds: the Jackson Hole Symposium, Treasury buybacks, and whether crypto has bottomed?

x.com/i/spaces/1XGyg…

We'll be hosting a Space tomorrow at 11am ET!

This week we'll be diving into the Treasury's buyback announcement and the latest FOMC meeting minutes. We'll also be joined by our CEO @SuiChung2 to discuss what's new at CF Benchmarks.

Set a reminder👇

x.com/i/spaces/1PKqr…

Bitcoin volatility may be at the yearly low, but markets are far from quiet. We're holding a space to discuss tomorrow at 11am ET.

On the agenda:
Today's CPI release and what it means for the rate path
The CLARITY act vote in September
Perp DeX activity & tokenomics

x.com/i/spaces/1wGWj…

Has crypto bottomed?

Join us tomorrow at 11 AM ET on CFB Talks Digital Assets. @Andre_Dragosch, Head of Research at @Bitwise, joins to break down:

- Where we are in the cycle
- Why oracle infrastructure matters
- Macro: what the Fed's next move means for risk
- Earnings and the der 👇

x.com/i/spaces/1aKbd…

We're hosting an X Space tomorrow at 11:00am ET.

We'll be joined by @tylev, the CIO of @UTXOmgmt to discuss the following:
• Our takes on the Fed meeting
• If the AI trade is dead
• Crypto's relative strength
• Where the CLARITY Act stands
x.com/i/spaces/1Xxyg…

Join us tomorrow for a space at 11AM ET

@ces921, Senior Macro Strategist at NinjaTrader, will be joining us.

A few of the things on the agenda:
· Implied correlation near year lows: who is short it, and what unwinds the trade?
· Oil's rally, the 2Y at 2026 highs & whether the war .
· CLARITY odds climbing into the Senate deadline: priced right, or too rich?

x.com/i/spaces/1vKpP…

Join us for an X Space tomorrow at 11am ET, we'll be joined by @Mike99349548 to unpack the last week across macro, markets and crypto.

On the agenda:

Macro: Governor Waller's latest commentary, Kevin Warsh's Senate testimony, CPI, PPI, and retail sales
Markets: A preview of Q2 t we're paying attention to
Crypto: The perpetual DEX landscape, including token valuations, where the competitive lines are being drawn, and what we expect next for the sector

x.com/i/spaces/1YGNr…

Join us for a space on Thursday at 11am ET, with special guest @Mike99349548 from Blue Coin Capital

We'll be covering the following:
▪︎ A preview of our Second Half Outlook
▪︎ Mike's take on Strategy's mNAV compression and the STRC stress test
▪︎ Where he sees opportunity now

x.com/i/spaces/1kKzD…

Join us at 11am on Thursday for a space.

We will be joined by @valgui to discuss all things xStocks.

We'll also give our takes on
-the macro picture
-the state of the crypto market
-what we're watching into H2

x.com/i/spaces/1jxXg…

Join us Thursday at 11am ET for an X Space.

Featuring @JSeyff of Bloomberg Intelligence:
-ETF flow breakdown + new product launches
-PCE reaction and inflation read
-Forward look from the CF Benchmarks research desk

Follow the show. Set a reminder.
x.com/i/spaces/1pKkO…

Join us for an X space on Thursday at 11am ET

We'll be joined by @dlawant, Head of Research at Anchorage Digital, to discuss his research on synthetic yield on Bitcoin.

Also on the agenda:
-Warsh's first FOMC meeting
-The top stories moving markets this week
H

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 valuation of ~$1.75T
→ IPO Access on Kraken: SpaceX as the first xStocks listing

x.com/i/spaces/1oJMv…

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 irection. cmegroup.com/markets/crypto…

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 benc24/7 trading: what always-on means for the CME gap and basis

x.com/i/spaces/1qKVm…

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.

The driver was a hawkish repricing. April CPI rose 3.8% year over year, the highest since May 2023, and the April FOMC minutes released May 20 showed officials prepared to raise rates if inflation stayed elevated, with the policy rate held at 3.50% to 3.75%.

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%.

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 h a fully regulated, robust settlement process.

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/26r0XNJ59SJua7…

In case you missed it: the CF Benchmarks @xStocksFi Product Suite is live — regulated indices and a corporate actions data feed for xStocks.

How xStocks work, what the Suite delivers — all in one place: cfbenchmarks.com/documentation/…

@ErdosiThomas @xtimoz

Join us for a space on Thursday at 12PM ET

On the agenda:

→ BVX futures on the CME: what's coming and why it matters
→ CPI and PPI: reading the latest inflation prints
→ CLARITY Act: what's in the text
→ Altcoin rotation: what the market is signaling
Y

In our latest Index Bytes video, @ErdosiThomas and @xtimoz break down the @xStocksFi Product Suite: how xStocks bridge TradFi and crypto, why they need their own regulated reference price, and how we standardize corporate action handling across the ecosystem

Watch now:

Tokenized equity markets are growing fast. Infrastructure must keep pace.

Introducing the xStocks Product Suite: regulated indices and a standardized corporate actions data feed, designed specifically for @xStocksFi, by CF Benchmarks.

Read more: cfbenchmarks.com/blog/cf-benchm…
@krakenfx

Bitcoin volatility is no longer just a risk to manage - it's now a distinct risk factor you can trade.

@CMEGroup launches Bitcoin Volatility Futures on June 1, settled to the CME CF Bitcoin Volatility Index (BVX) - built by CF Benchmarks.

@SuiChungcfb, CEO: “A major step on of bitcoin as an asset suitable for investors of all stripes."

BVX is to vol what the BRR was to spot. The regulated infrastructure layer just got deeper.

Find out more:

cmegroup.com/media-room/pre…

theblock.co/post/400121/cm…
thedefiant.io/news/tradfi-an…

Join us for an X space Friday at 12PM ET. This week's agenda:

→ Aave bad debt: what happened and what it means
→ Macro picture: what we're watching
→ Bitcoin's current rally
→ Regulatory update

x.com/i/spaces/1rGmq…

The Fed's most fractured FOMC vote since 1992. Bitcoin's best monthly gain in a year. Spot BTC ETFs seeing their largest inflows of 2026.

Our April Monthly Market Recap breaks down what drove the rebound: cfbenchmarks.com/blog/fragile-p…

Bitcoin exposure is evolving - and so are the benchmarks that measure it.

Introducing CFCMCBI_BTC: the first regulated benchmark combining spot BTC performance with a systematic CME futures-basis overlay.

Short in contango. Long in backwardation. One transparent, rules-based ex: cfbenchmarks.com/blog/cf-benchm…

@cme

Matt Kunke, @BlackRock Digital Asset Strategist says the evolution of institutional demand for funds like iShares' Staked Ethereum Trust ETF (ETHB) reflects how sharply Ether differs from TradFi assets.

@gxselby @TheSquareMile @MarkPilipczuk

What does 'slashing' mean for Proof of Stake (PoS) assets like Ethereum? @BlackRock's Matt Kunke explains that it's simply a part of the network's consensus mechanism, and ensures all on-chain activity supports investors' best interests.

@gxselby @TheSquareMile @MarkPilipczuk

Over the course of just one month, BlackRock's iShares' Staked Ethereum Trust ETF (ETHB) gathered assets of more than $500 million. Matt Kunke, @BlackRock's Digital Assets Product Strategist, says this rapid growth shows ETHB fills an investor need that's not being served by
@iShares @MarkPilipczuk @TheSquareMile @gxselby

Join us for a Post-FOMC debrief at 12pm ET on Thursday

We'll be covering the following:

→ Powell's future: stay or go?
→ What a Warsh Fed looks like
→ Key takeaways for investors

link below 👇

x.com/i/spaces/1dGYl…

Europe's largest asset manager just entered the Bitcoin ETP market.

@Amundi_FR's physically-backed ​$BTCA is live on @euronext Paris, priced by the CME CF Bitcoin Reference Rate (BRR) - the benchmark behind ​$4T+ in CME Bitcoin futures settlement.

MiCA-regulated custody. cing. No new infrastructure.

Details Here: cfbenchmarks.com/blog/amundi-bi…

Le plus grand gestionnaire d’actifs européen entre sur le marché des ETP Bitcoin.

Le ​$BTCA d’Amundi est désormais coté sur Euronext Paris, adossé à des bitcoins détenus en réserve et valorisé via le CME CF Bitcoin Reference Rate (BRR) - l’indice derrière plus de 4000 Md$ de contrats à terme Bitcoin du CME.

Conservation réglementée conforme à MiCA. Valorisation institutionnelle. Aucune nouvelle infrastructure.

Détails ici: cfbenchmarks.com/blog/amundi-bi…

When the world's largest asset manager talks ETH staking, listen.

@BlackRock's Matt Kunke on why ETH + 2% is the new bar - and why ETH + 0% is a hard sell.

Full episode coming soon.

@TheSquareMile @gxselby @MarkPilipczuk

What's Moving Markets Now

We're going live tomorrow at 11:30am ET to cover:

• Saylor buys, DeFi exploits, RWA momentum
• Warsh hearing: key takeaways
• April FOMC: what to watch
• Bitnomial acquisition
• Q1 factor performance breakdown

x.com/i/spaces/1wGWj…

How do @xStocksFi handle corporate actions? CFB's Head of Product @ErdosiThomas explains the multiplier mechanism and how it affects a token holder's economic exposure.

@marklg @MarkPilipczuk @gxselby @TheSquareMile

"Bitcoin credit markets need pricing infrastructure they can trust." Our CEO @SuiChungcfb on CF Benchmarks' role in making that happen on Sui Foundation.

Read more about Hashi: sui.io/hashi?utm_camp…

Bitcoin traded like a high-beta macro asset all month as the U.S.-Israel conflict with Iran drove oil prices higher and tightened financial conditions. The Fed held rates steady but delivered a hawkish message, with Powell noting rate cuts remain contingent on further inflation ws hit $1 billion and Bitcoin actually gained. @gxselby and @MarkPilipczuk have the full March breakdown: cfbenchmarks.com/blog/war-the-f…

Tokenized equities should trade at parity with their exchange-listed counterparts. Simple in theory, complex in practice. @marklg breaks down exactly how @xStocksFi makes it work.

@MarkPilipczuk @TheSquareMile @gxselby

For much of the world, investing in global equities is still far from straightforward. @marklg joins CFB Talks Digital Assets to discuss the access gap and how @xStocksFi is bridging it.

@MarkPilipczuk @gxselby @TheSquareMile @ErdosiThomas

What are we watching headed into Q2? Join us for an X Space on Wednesday at 3PM ET

On the agenda:
• Bitcoin and M2: what happened to the relationship?
• MicroStrategy's capital structure and BTC purchases
• The current macro environment

x.com/i/spaces/1wxWj…

Q1 2026 reconstitution is in. Here's what changed across the CF Capitalization Series:

✅ CF IDAX: LINK exits. No new entrants

✅ CF Large Cap: LINK and SUI exit. No new entrants

✅ CF Broad Cap: 11 assets removed across liquidity and market cap screening

@ErdosiThomas, Head ll down in the full recap video

More transparent BTC-backed financial infrastructure depends on strong market data, pricing, and technical rails. CF Benchmarks is pleased to support Hashi on @SuiNetwork.

Read more: cfbenchmarks.com/blog/hashi-bri…

BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) debuted with ~$15M in first-day trading volume, signaling growing institutional demand for yield-bearing digital assets.

ETHB references the CME CF Ether-Dollar Reference Rate (New York variant) for pricing.

Read More: cfbenchmarks.com/blog/blackrock…

@BlackRock @iShares

CF Benchmarks is heading to Exchange in Las Vegas!

Find us at booth A-032 to discover how our FCA-regulated crypto indices power digital asset investment products for the world's top financial institutions.

Day 2 | 11:35am | Primrose Hall, Head of Research Gabe Selby, CFA joins et Concentration: Active ETFs for Today's Market.'

Plus don't miss the Atlassian Williams Racing FW48, sponsored by Kraken, on display at our booth.

Book a meeting with our team ahead of the event: share.hsforms.com/2jxsN7NkFTz2Db…

@krakenfx @KrakenInsto @Sternpeter9 @AlexButler222

77.6% of CF Broad Cap constituents hit 52-week lows in February, the highest reading in the index's history. Settlement outperformed Services and Sectors by nearly 700bps.

The Q1 2026 QAR by @gxselby and @MarkPilipczuk breaks down what moved the markets last quarter.
X

Bitcoin, Ethereum, Chainlink, Uniswap. Same portfolio. Very different factor profiles.

CF Factor Intelligence, combined with CF DACS, reveals what broad market exposure cannot:

✅ Distinct factor sensitivities across the digital asset taxonomy

✅ Structural tilts in Growth,
✅ The difference between deliberate factor allocation and unintended exposure

Turn implicit crypto allocation into explicit, governed strategy: cfbenchmarks.com/blog/not-all-c…

@TheSquareMile @MarkPilipczuk @the_realcis

Digital assets extended their 2026 drawdown in February. Bitcoin broke $60K, the CF Diversified Large Cap Index is down 30%+ on the year, and the BVX spiked four standard deviations.

But fund flows reversed, hash rate recovered, and one token was up 24%.

@gxselby and full breakdown: cfbenchmarks.com/blog/policy-pa…

Navigating digital assets requires more than headlines - it demands trusted insight.

CFB Insights delivers data-driven analysis, benchmark performance, and market intelligence - twice monthly.

Built for institutions. Backed by data.

Explore latest issue!
D

Record low sentiment. Bitcoin down 46%. Altcoins crushed.

But four things are quietly shifting that could reshape the outlook for digital assets in the months ahead.

Head of Research Gabe Selby, CFA (@gxselby ), and Research Analyst Mark Pilipczuk (@MarkPilipczuk) break down t matters.

cfbenchmarks.com/blog/from-cryp…

Our paper, “A Factor Model for Digital Assets,” has been published in Springer Nature’s Mathematical Research for Blockchain Economy  - our first academic publication.

Already live in the CF Factor Intelligence Suite, bringing Value, Growth and other systematic factors to crypto to Cristian Isac for leading this work.

Read the paper: cfbenchmarks.com/blog/cf-benchm…
Explore the CF Factor Intelligence Suite: cfbenchmarks.com/documentation/…
Dive into the research on Springer Nature: link.springer.com/chapter/10.100…

Monochrome's rare regulatory authorization to provide full in-kind creation and redemption for all investors paves the way for a lack of restrictions on investment size, which is just as rare, says their Chief Operating Officer Grayson McLeod.

@MonochromeAsset @gxselby ipczuk

Hedge funds exited. Advisors kept buying.

13F filings show Brevan Howard cut 85% of its IBIT position, while advisory holdings grew 145% over the past year.

We examine this plus positioning across covered call, leveraged and short Bitcoin ETFs here: cfbenchmarks.com/blog/tracking-…
k

CEO @jeffyew_ of @MonochromeAsset says the differences between a directly-held Bitcoin ETF and a 'feeder', or sub-fund are subtle, but critically important.

@gxselby @TheSquareMile @MarkPilipczuk

The Large Cap DTF Perpetual (PF_LCAPUSD) is now trading on Kraken MTF, fully entering into the regulated perimeter.

FCA-regulated venue.
European institutional access.
Referencing the CF Large Cap (Diversified Weight) – US – Settlement Price.

Read more: cfbenchmarks.com/blog/kraken-mt…
enfx

Navigate digital asset markets with confidence.

Our CFB Insights Newsletter is published twice monthly, delivering trusted data, analysis, and market perspectives tailored for institutional investors.

Cut through the noise. Stay ahead of the market.

Explore! 6693156.hs-sites.com/insights-that-…

@Cardano_CF @chainlink @pandofinancehk @solana @CMEGroup @consensus_hk @gxselby @MarkPilipczuk @TheSquareMile

A pleasure to host an exclusive reception during @consensus_hk 2026 with @CMEGroup and @SolanaFndn.

Strong discussions on market structure and institutional adoption across Asia, alongside Bruce Wan’s panel on 2025 regulation and 2026 growth drivers with @pandofinancehk.

Thank ned us!

Factor views can be expressed with precision - or with balance.

Benchmark-tilted portfolios apply long-only factor tilts while staying close to a reference benchmark, supporting scalable and diversified implementation.

This approach allows allocators to align factor exposure re specific premia tend to perform best.

Discover this approach in our latest CF Factor Data blog post!

cfbenchmarks.com/blog/cf-benchm…

Last week’s #Bitcoin sell-off showed why price alone does not equal risk.

As volatility repriced, implied volatility revealed how markets were anticipating uncertainty - not just reacting to it.

CF Benchmarks breaks down how the CME CF Bitcoin Volatility Index (BVXS) acted as a rometer.

Why BVXS matters:

✅ 30-day forward implied vol

✅ Based on regulated CME options

✅ Institutional-grade risk signal

Read more: cfbenchmarks.com/blog/selloff-s…

@TheSquareMile

How can factor risk premia be expressed with short constraints?

One such long-only approach uses CF Factor Data for Growth and Value to:

✅ Identify assets with strong positive factor scores

✅ Build long-only portfolios around selected assets

The result: clear, explicit ed to specific crypto risk premia, designed to scale while operating within long-only investment constraints.

Learn more about our factor data in our short video!

January extended crypto’s late-2025 drawdown as policy uncertainty and macro risk kept markets defensive.

Fed fog, stalled regulation, and thinning liquidity weighed on sentiment, with higher-beta tokens leading losses.

CF Benchmarks' @gxselby and @MarkPilipczuk break it down.
tps://t.co/mdZpK7gYXg

Crypto portfolios don’t have to stop at beta.

CF Factor Data, built on CF Benchmarks’ institutional factor research, can be used to construct replicable long-only factor portfolios, enabling:

✅ Targeted crypto risk premia, Growth & Value

✅ Scalable portfolios and ETFs or ETPsallocation within long-only frameworks

Move from broad exposure to structured factor allocation, designed for institutional use.

cfbenchmarks.com/blog/cf-benchm…

CF Benchmarks' @TheSquareMile asked @bitwise's, @singularity7x why #stablecoins continue to be seen as a critical catalyst for #crypto adoption.

@gxselby @MarkPilipczuk

Bitwise's Senior Investment Strategist @singularity7x, synopsizes the rationale for the firm's $1.3 million price target for #Bitcoin by 2035, from their Bitcoin Long-Term Capital Market Assumptions report.

@bitwise @gxselby @MarkPilipczuk @TheSquareMile

Explore our latest CF Benchmarks Newsletter!

Published twice a month, it delivers trusted insights designed to help institutional investors navigate the evolving digital asset market with confidence.

Stay informed. Subscribe today!

6693156.hs-sites.com/insights-that-…

@MarkPilipczuk @bitwise @singularity7x @21shares @ForecastEx