【Crypto Daily News Highlights】CME Group CEO: The group is exploring the launch of its own token, "CME Coin"; Polymarket's total nominal trading volume surpasses $50 billion; US CFTC overturns the Biden administration's "event contract" rule proposal, easing restrictions on prediction markets; SpaceX reportedly has begun inviting non-U.S. banks to participate in IPO pitches

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【CME Group CEO: The Group Is Exploring Launching Its Own Token “CME Coin”】

CryptoPunk News reports that CME Group, the Wall Street derivatives giant, CEO Terry Duffy, stated that the company is researching the possibility of launching its own crypto token.

During the latest earnings call, Duffy responded to analyst questions by saying that CME is evaluating various forms of margin and collateral schemes, including tokenized cash and “possibly launching a proprietary token on decentralized networks for industry participants to use.” He pointed out that compared to tokens issued by small and medium-sized financial institutions, tokens issued by systemically important financial institutions would be more reassuring when used as collateral or settlement tools.

It is reported that CME is currently collaborating with Google to advance a tokenized cash scheme, which is planned to be launched later this year and will involve transactions through a custodian bank. The “proprietary token” mentioned is viewed as another independent exploration; whether it is a stablecoin or a settlement token has not been clarified, and CME has not provided further details.

If this plan materializes, it will be CME’s first clear proposal to issue its own assets on a decentralized network. Previously, in traditional finance, JPMorgan has launched a tokenized deposit scheme through JPM Coin. CME also stated that its crypto derivatives business is still expanding, with plans to enable 24/7 trading of crypto futures in the second quarter of this year.

【Polymarket’s Nominal Trading Volume Surpasses $50 Billion】

CryptoPunk News reports that, according to Dune data, Polymarket’s cumulative nominal trading volume has exceeded $50 billion, currently at $50.346 billion.

【U.S. CFTC Reverses Biden Administration’s “Event Contract” Rule Proposal to Ease Prediction Markets】

CryptoPunk News states that today, CFTC Chairman Mike Selig officially withdrew the “Event Contract” rule proposal submitted in 2024, which aimed to ban prediction market contracts based on political event outcomes.

Selig pointed out that the proposal was a “spur of the moment” move by the previous administration before the 2024 election and represented improper “value regulation.” The new rulemaking will be based on a rational interpretation of the Commodity Exchange Act to promote responsible innovation. Also withdrawn was a industry consultation released last September, which Selig said inadvertently caused confusion among market participants.

The Trump administration’s clear support for the industry has attracted more institutions, including Coinbase and Cboe, to plan to enter the prediction market space. With the progress of the Crypto Market Structure Act in Congress, CFTC is expected to become the core regulator of digital assets and is likely to gain clear regulatory authority over non-security crypto spot markets.

【SpaceX reportedly has begun inviting non-U.S. banks for IPO pitches】

CryptoPunk News reports that, according to informed sources, SpaceX has held meetings with banks outside the U.S. regarding its initial public offering (IPO). Founded by Elon Musk, the rocket and satellite manufacturer aims to go public this year. Some insiders revealed that in mid-January, several foreign banks sent letters of intent to SpaceX’s California office. One group is composed of European banks, and another includes companies from other regions.

【U.S. Department of Labor: Non-farm Payrolls to be Released on February 11, CPI Data Moved to February 13】

CryptoPunk News reports that, according to Jinshi Data, the U.S. Bureau of Labor Statistics announced that the January non-farm employment report will be released on February 11; the January CPI report will be released on February 13.

Additionally, the December Job Openings and Labor Turnover Survey (JOLTS) will be released on February 5. Due to a partial government shutdown earlier, some data releases were delayed, but the shutdown ended late Tuesday local time, and funding for the Department of Labor and most other government agencies will be maintained through September 30. Besides the regular monthly employment and unemployment rate data, the January employment report will also include the highly anticipated annual employment data revisions.

【Yilihua’s Trend Research liquidation price lowered to about $1,640, nearly 188,500 ETH stopped out in the past four days】

CryptoPunk News reports that, according to crypto analyst Yu Jin, since the afternoon of February 1, Yilihua’s Trend Research has stopped out approximately 188,500 ETH over the past four days at an average price of about $2,263, involving roughly $426 million, and has repaid about $385 million USDT to reduce leverage.

After continuous deleveraging, the liquidation prices of several ETH lending positions have moved down to the $1,576–$1,682 range, mainly around $1,640. Currently, Trend Research still holds about 463,000 ETH.