CBOE Global Markets announced plans to launch Bitcoin and Ethereum continuous futures contracts on Nov. 10, pending regulatory review.

According to a Sept. 9 announcement, the new product suite debuts on CBOE Futures Exchange with contracts structured as single, long-dated instruments featuring 10-year expirations.

This design eliminates periodic rolling requirements that characterize traditional futures contracts, simplifying position management for traders seeking long-term digital asset exposure.

The continuous futures will be cash-settled and aligned to real-time spot market prices through daily cash adjustments using a transparent funding rate methodology.

CBOE Clear US, a derivatives clearing organization regulated by the Commodity Futures Trading Commission (CFTC), will clear the contracts within the exchange’s regulated framework.

Global head of derivatives at CBOE, Catherine Clay, said the launch brings perpetual-style utility that gained adoption in offshore markets to US traders.

She noted that the products target institutional participants, existing Cboe Futures Exchange (CFE) customers, and retail traders seeking access to crypto derivatives.

Regulatory opening

The announcement coincides with increased regulatory coordination between the SEC and CFTC, which will hold a joint roundtable on Sept. 29 to advance digital asset oversight harmonization.

The agencies acknowledged in a Sept. 5 statement that fragmented regulation had discouraged innovation and driven crypto activity overseas.

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SEC Chairman Paul Atkins and CFTC Acting Chairman Caroline Pham emphasized that coordination failures created uncertainty, hindering economic activity even for legally permissible products.

The regulators stressed that harmonization can lower barriers, improve efficiency, and reaffirm US leadership in financial markets.

The Sept. 29 roundtable will examine measures to align US markets with the global economy, including expanded trading hours, frameworks for perpetual contracts, and portfolio margining coordination.

The agencies plan to review exemptions providing safe harbors for decentralized finance projects while maintaining investor protection standards.

CBOE’s continuous futures launch builds on the exchange’s expanding CFE product suite, which includes VIX futures and products based on equity volatility, crypto, and global fixed income.

The introduction represents a step toward onshoring compliant perpetual swap trading that currently operates primarily on offshore platforms.

CBOE’s Options Institute will host public educational courses on continuous futures on Oct. 30 and Nov. 20 to prepare market participants for the new contracts.

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Meme cryptocurrency may soon be hot as their leader dogecoin

formed a golden cross, hinting at a huge price surge in the future.

A golden cross occurs with a simple moving average of 50 days (SMA) The price of the asset exceeds the 200-day SMA. The crossover shows that the short-term momentum is outweighing the long trajectory and could evolve into a major bull run.

Dogecoin averages bullished early today. Golden Cross is considered a positive indicator, but it has a complex record of predicting trends in most markets, including stocks, Bitcoin and Doge. This makes it less reliable as a standalone indicator.

That said, most of Doge’s previous big moves unfolded with the arrival of Golden Cross. For example, after the Golden Cross happened on November 6th, 2024, the price went from 130% to 46 cents in four weeks. Prices rose 25% in the four weeks since the average became bullish on November 22, 2023.

Similarly, a Golden Cross occurred in early November 2020, marking the start of a major four-month bull run, which saw prices rise above 1,000% in four months.

Let’s see if history repeats itself.

Read more: Sharp 7% Drop sends Doge to 22-cent support with a ton of selloffs

A crypto analyst who nailed the 2021 Bitcoin market meltdown believes that BTC may be in the midst of forming a bullish reversal pattern.

Pseudonymous analyst Dave the Wave tells his 149,300 followers on the social media platform X that Bitcoin looks to be in the early stages of printing an inverse head-and-shoulders pattern on the daily chart.

An inverse head-and-shoulders pattern is traditionally viewed as bullish, indicating that buyers are stepping in without waiting for the price to revisit recent lows.

The trader shares a chart suggesting that Bitcoin may repeat its price action during the 2nd half of 2024 when it formed the same bullish reversal pattern before surging to a new all-time high.

“Your move, BTC.”

Based on the trader’s chart, he seems to predict that Bitcoin will rally close to $90,000 to form the pattern’s neckline before dropping below $80,000 to create the right shoulder. The chart also suggests a breakout target of $117,000 for BTC.

Looking at the fundamental properties of BTC, Dave the Wave says that Bitcoin’s primary use case has gone a long way from being a tool designed to protect people against authoritarian control. The analyst believes that Bitcoin is steadily growing to become a reliable safe-haven asset.

“Get your thinking right about BTC, and you’ll not be disappointed or demoralized.

In the early days, it may have been about cypherpunk, etc. It is now an alternate currency in the process of being capitalized and taken a lot more seriously.

Market maturity moving toward price discovery.”

Earlier this month, Dave the Wave doubled down on his prediction that Bitcoin will soar to $200,000 amid an uncertain macroeconomic backdrop. According to the trader, the uncertainty will drive investors to seek refuge in the flagship crypto asset.

At time of writing, Bitcoin is trading for $85,416, up over 2% in the past day.

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Dogecoin’s open interest has been on a massive freefall for a while now as the memecoin continues to struggle to gain investor interest. As it stands, data shows that Dogecoin’s open interest has sharply declined since the beginning of March, plunging to levels not seen since November 2024. The rapid drawdown, tracked using data from CoinGlass, reflects a significant reduction in leveraged positions and trader appetite for the king of memecoins.

Three-Month Slide: Dogecoin Open Interest Drops Sharply

Open interest is crucial in measuring the interest in an asset, which in turn helps predict price movements. In the case of Dogecoin, its open interest reflects a trend of low interest. After peaking on January 18, Dogecoin’s open interest has been on a relentless freefall, with price action mirroring this downward trend. Since mid-January, Dogecoin’s open interest has been steadily evaporating, dropping from multi-month highs to a level now comparable to just before last year’s Q4 price rally.

According to CoinGlass data, the reduction has not been abrupt but instead drawn out over the course of the past two months, highlighted by a sustained exit by traders and a cooling of bullish sentiment in the derivatives market. This is sentiment relayed from a continued fall in the Dogecoin price alongside the rest of the crypto market. At the time of writing, the Dogecoin open interest is sitting at $1.6 billion, 70.5% below its January 18 high peak of $5.42 billion.

Potential Implications For DOGE’s Future Price Movement

The persistent decline in Dogecoin’s open interest carries a number of implications for its future price direction, particularly in the context of momentum and liquidity in the derivatives market.

Open interest is often used to assess the strength of a trend (whether upward or downward) and sharp reductions typically suggest that traders are pulling out of positions due to stop-loss triggers, liquidations, or they no longer see near-term upside in the asset. 

In theory, a decrease in Dogecoin’s open interest points to a corresponding reduction in liquidity, which can also damage any price uptrend. An increase in open interest, on the other hand, is definitive of an increase in liquidity.

Now that the open interest has returned to its November 2024 levels, it means liquidity and sentiment surrounding the meme coin have lost about two months of work, and how quickly derivatives traders can return to bullish momentum will also be factored into any potential uptrend from here.

At the time of writing, Dogecoin is trading at $0.1684, up by 0.52% in the past 24 hours. However, the broader trend remains negative, with the meme coin down by 34% over the past 30 days. This extended drawdown has also had consequences for Dogecoin’s standing in the wider market, and it has now been overtaken by Cardano in terms of market capitalization.

Featured image from DALL-E, chart from TradingView

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Ether (ETH) is testing levels not seen since November 2023, as the market continues to be hit by volatility resulting from U.S. President Donald Trump’s trade war threat.

ETH is down 15% in the last 24 hours, according to CoinDesk Indices data, dragging down the CoinDesk 20, a measure of the largest digital assets, which is down 16%.

Ether’s decline over the past three months has been driven by bearish investor sentiment, reflected in its underperformance relative to BTC and weak institutional demand, alongside macro headwinds like trade war fears, inflation concerns, and stock market weakness, which have dampened risk appetite.

CoinGlass data shows that nearly $165 million in ETH long positions have been liquidated in the last 12 hours.

Bettors on Polymarket are giving a 76% chance of ether hitting $1900 by the end of the month.

Ether ETF outflow was deep in the red last week, according to data from SoSoValue, coming it at -$335 million.

Hong Kong, September 27, 2021 – Bitmain – The world’s leading cryptocurrency mining hardware producers will be holding the World Digital Mining Summit 2021 (WDMS) in Dubai on November 9th. This year will be the third WDMS event hosted by Bitmain and Antminer.

WDMS brings together the world’s best data center operators, hosting providers, mining pools, exchanges and other industry elites in the field of digital currency mining. At the same time, the summit will help create a professional platform to showcase renewable energy providers and investors and enter the industry.

This comprehensive digital currency mining exchange platform integrates new innovative technologies and provides business cooperation, data center construction, green energy mining opportunities, industry information exchange, and the latest policies of all partners participating in the summit Integrate discussions.

During the summit, Bitmain unveils its latest all-in-one mining container solutions and Antminer products. The company will continue to announce progress and plans for building a global mining ecosystem, including the Global After-Sales Maintenance and Ant Miner Maintenance Training Centre Program.

The summit will feature dozens of speeches and engaging panel discussions on developments such as green energy mining, mining globalization, data centre construction, strengthening mining operations, and global policies and regulations.

Bitmain welcomes interested participants to participate in WDMS 2021. For more information and tickets, please visit https://wdms.global/.

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The percentage of Ethereum (ETH) supply staked on the network has dropped to 27.6%, a level last seen in July 2024. This decline has raised questions about Ethereum’s long-term appeal among investors and whether staking remains a preferred option.

Staked Ethereum Percentage Drops From November Peak

According to data from Dune Analytics, the proportion of ETH staked on the network has declined to 27.6%, a pullback from its peak of 29% recorded in November 2024. At press time, a total of 33.5 million ETH is staked on the Ethereum network.

Ethereum staking was introduced alongside the launch of the Beacon Chain in December 2020, enabling investors to earn rewards while securing the network. Over time, ETH staking has gained traction, with major cryptocurrency exchanges such as Binance, Kraken, and others offering staking services to their users.

Additionally, staking led to the rise of a new market vertical known as liquid staking derivatives (LSDs). Currently, the LSD market is dominated by Lido (LDO), which commands nearly 69% of the total market share. Binance Staking follows, holding approximately 15% of the LSD sector. 

However, since Donald Trump’s victory in the November 2024 US presidential election, the regulatory landscape has shifted, creating an environment that may encourage the entry of new staking protocols, intensifying competition in the LSD space.

That said, there are concerns about the high concentration of the LSD market commanded by Lido, which is likely to rise even more if the ETH staking percentage continues to dwindle. A single LSD protocol having so much influence on the staking ecosystem could run against Ethereum’s decentralization ethos.

Is ETH Losing Its Charm?

Despite being the second-largest digital asset with a market capitalization exceeding $327 billion, Ethereum appears to be losing favor among large investors who may be seeking better returns in alternative blockchain ecosystems.

For instance, data from DeFiLlama shows that the total value locked (TVL) in Solana’s (SOL) decentralized finance (DeFi) ecosystem surged from approximately $4.5 billion in September 2024 to as high as $11.3 billion in January 2025. This rapid growth was largely fuelled by the memecoin frenzy that took over the Solana ecosystem throughout 2024.

Meanwhile, Google Trends data indicates a notable decline in Ethereum-related search interest, dropping from 87 in November 2024 to 41 at the time of writing. This trend suggests that ETH may be losing traction, particularly when compared to competitors such as SOL, SUI, and XRP, which have experienced more dynamic price movements over the past year.

Recent on-chain data also suggests that ETH may be falling out of favour among crypto ‘whales.’ At press time, ETH trades at $2,712, up 2.8% in the past 24 hours.

Featured Image from Unsplash.com, Charts from Google Trends and TradingView.com

Bitcoin Payouts Now Available for Horizen (ZEN)

We are thrilled to introduce Bitcoin payouts for Horizen (ZEN) miners, adding to the list of cryptocurrencies on 2Miners that support this feature. Miners can now receive their earnings in Bitcoin by simply setting their BTC wallet address in the mining software. All types of BTC wallet addresses are supported, and the pool automatically detects the BTC address for smooth payouts.

Horizen (ZEN) is a privacy-focused cryptocurrency that offers a scalable blockchain platform supporting decentralized applications. With its robust infrastructure and focus on privacy and scalability, Horizen has become a significant player in the blockchain space, making this new payout feature a valuable addition for miners.

Start mining ZEN with Bitcoin payouts:

Node Updates

Nervos CKB

The latest update for Nervos CKB (v0.119.0) was released on October 25, 2024, introducing a new preview chain to test the upcoming hardfork. This ensures that developers and users can validate changes before they are deployed on the mainnet, enhancing the security and reliability of the network.

• Bug Fixes: Addressed atomic ordering issues in multi-threading, improved script performance, and resolved transaction conflicts.
• Improvements: Enhanced query performance for rich-indexer and optimized block filter operations.

Zcash

Zcash version 6.0.0 was released in preparation for Network Upgrade 6 (NU6), set to activate on November 23, 2024. This upgrade introduces a new decentralized funding model and a lockbox for future grants. Key updates include adjustments to block rewards and enhanced testnet support for miners and developers.

• ZIP Updates: Implementation of ZIP 207, ZIP 214, and other consensus rules for decentralized development funding.
• Recommendations for Miners: Update to version 6.0.0 or later to ensure compatibility with the NU6 upgrade.

Block Reward Reductions

November also brought block reward reductions for several cryptocurrencies in line with their respective tokenomics. Here’s a summary:

• Karlsen (KLS): Reduced from 38.24 KLS to 36.15 KLS.
• Zcash (ZEC): Reduced from 2.50 ZEC to 1.25 ZEC.
• Kaspa (KAS): Reduced from 82.40 KAS to 77.78 KAS.

To assist miners in estimating their earnings, the 2CryptoCalc mining calculator has been updated to reflect these changes. Make sure to use it to plan your mining strategy effectively.

As always, we remain committed to supporting your mining activities. Stay updated through our X (Twitter) and Telegram miner community. Happy mining!