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On January 26, a new anti-American propaganda poster was unveiled in Revolution Square in downtown Tehran, the capital of Iran, on January 25 local time. The poster serves as a warning to the United States: do not launch a military strike against Iran. The poster depicts "several damaged aircraft on the deck of a US aircraft carrier" and is accompanied by the slogan in Persian and English: "Sow the wind, reap the storm."January 26th - The Fifth Session of the 14th Guangdong Provincial Peoples Congress opened this morning. The provincial government work report indicates that in 2026, Guangdong will allocate more funds and resources to people, strengthening inclusive, basic, and safety-net-oriented livelihood construction. In education, it will promote the expansion and quality improvement of basic education, adding more than 200,000 regular high school places and expanding the enrollment scale of high-quality undergraduate education. In social security, it will increase the basic pension for urban and rural residents and steadily promote provincial-level pooling of basic medical insurance. In healthcare, it will fully promote the "one-time registration for three days" outpatient service and deepen the mutual recognition of medical institution examination and testing results.On January 26th, it was reported that on January 23rd, the Haikou Municipal Bureau of Business Environment Construction and the Shenzhen Municipal Government Service and Data Management Bureau jointly signed the "Shenzhen-Haikou Government Service Cross-Provincial Interoperability Cooperation Agreement," marking a new stage in cross-regional collaboration of government services between the two cities and further supporting the coordinated development of the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area. Next, Haikou will continue to deepen cooperation with the Shenzhen Municipal Government Service and Data Management Bureau, expand the scope of "cross-provincial interoperability" items, and improve the efficiency of collaborative services between the two cities. Plans include incorporating more high-frequency items into the "Shenzhen Xiao i" AI+ government service model, providing residents of both cities with intelligent assistance and "cross-provincial interoperability" services. Simultaneously, efforts will be made to promote the sharing and mutual recognition of reform measures such as "one license (certificate) for all," "de-physical photo processing," "centralized certificate production," and the global ID card system of "6 types and 10 cards," strengthening offline exchanges between government service departments in both cities, and enabling businesses and the public to truly enjoy more convenient and efficient cross-regional government services.On January 26th, a symposium on quality development within the national market supervision system was held in Nanning, Guangxi Zhuang Autonomous Region, from January 22nd to 23rd. The meeting summarized the quality work for 2025 and the 14th Five-Year Plan period, accurately grasped the new situation and requirements facing quality work in the new era, and deployed various tasks for 2026. 2026 is the first year of the 15th Five-Year Plan, and it is crucial to ensure a good start for quality development work on this new journey. National quality development work should be guided by the "Outline for Building a Quality Powerhouse," focusing on the "three strengths and one foundation" deployment for quality, improving the overall coordination mechanism for quality work, deepening the promotion of quality-driven enterprises, supply chains, and counties, accelerating the construction of modern quality infrastructure, quality governance systems and capabilities, enhancing basic quality technology capabilities, improving quality governance efficiency, and accelerating the construction of a quality powerhouse to lay a solid quality foundation for high-quality economic and social development.On January 26th, Moodys Analytics stated in a report that Australian consumer price data to be released on Wednesday is expected to show that the year-on-year overall inflation rate in December may have slowed to around 3% from 3.4% in November. The report stated that this was mainly driven by a favorable base effect in electricity prices and the normalization of holiday travel prices. However, the report added that food inflation and sticky price pressures generally present in the services sector are likely to keep core inflation around 3% to 3.2%, thus preventing a more significant decline.

CME Group to Launch Options on Ethereum Futures Ahead of the Merge

Jimmy Khan

Aug 19, 2022 14:51

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Next month, the Chicago-based derivatives market CME Group intends to begin offering options for its Ethereum (ETH) futures contracts.


The business said it intends to provide the alternatives, each of which would cost 50 ETH, pending to regulatory approval, only days before the much-anticipated Merge update to the Ethereum network takes place.

Futures Contracts for ETH

Following regulatory clearance, the futures options are anticipated to begin trading on September 12 of this year. More precisely, since Ethereum options contracts function as contracts to purchase or sell ETH at a later time, they let investors wager on the price of ETH.


Overall, Ethereum futures are often used as a hedge against fluctuations in the price of ETH, the second-largest cryptocurrency in the world. Additionally, investors will have the opportunity to make predictions about the underlying trend of the asset and buy if they believe prices will increase or sell if they believe prices will decline. The CME CF Ether Dollar Reference Rate will be followed by the new contracts.


The CME Group, which comprises of the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and the Commodity Exchange, aims to sell options on Ethereum futures in addition to currently offering micro-sized options contracts and trading products for Bitcoin (BTC) options. The amount of the micro Bitcoin and Ethereum options is 10% of a BTC or ETH token, whereas the size of a Bitcoin futures contract is 5 BTC.


Trading in futures and options on futures is available via the CME Globex platform, trading in fixed income is available through BrokerTec, and trading in foreign currency is available through the EBS platform.

Growth in Trading Volume

The CME Group, which offers customers the ability to trade futures, options, and cash, stated that recent growth in its conventional and micro-sized Ether futures contracts has been tremendous. In fact, between June and July of this year, the average daily trading volume of ETH futures jumped by 7% while the price of micro ETH futures increased by 41%.


Furthermore, the company boasts that it operates CME Clearing, one of the top central counterparty clearing providers in the world, and that it offers the broadest range of global benchmark products across all significant asset classes based on interest rates, equity indices, foreign exchange, and agricultural products.


Tim McCourt, the organization's Global Head of Equity and FX Products, said that CME Group had transacted more than 1.8 million contracts so far. McCourt said, "Due to the imminent Ethereum Merge, the company anticipates seeing strong demand in the new options contracts."


McCourt further suggested that the rise in trade volume may be related to the Ethereum blockchain's impending switch to a proof-of-stake (PoS) consensus method.