Over the past several weeks, OMG, the native token of the OMG network, has experienced steep backwardation in its futures curve. A basis trade, however, was inaccessible due to certain market dynamics.
Shiba Inu (SHIB), a currency created largely mimicking Dogecoin (DOGE), has rallied to a record high market cap of USD 35B. However, despite BTC’s mainstream adoption, most Crypto use-cases have yet to evolve past speculation.
Cboe Global Markets is acquiring crypto spot and derivatives platform ErisX. Ownership of ErisX provides Cboe with entry to digital asset spot and derivatives markets, including clearing and settlement.
Last week, SEC Chairman Gary Gensler told crypto news outlet The Block that staking via third parties may qualify as a securities contract. The comments may challenge key concepts related to Ethereum’s PoS system.