41 mins. ago
Coinbase Global (NASDAQ: $COIN) has filed for regulatory approval to list perpetual futures tied to individual large-cap U.S. stocks, opening the door to 24/7 leveraged trading of shares such as Apple, Microsoft, Tesla and Nvidia on a regulated U.S. platform.
The exchange plans to offer contracts linked to roughly 50 to 60 major stocks, with trading potentially starting later this year if regulators approve the products, according to The Wall Street Journal.
Perpetual futures, commonly known as perps, are derivatives that do not have an expiration date. Traders can keep positions open indefinitely, while leverage can magnify both gains and losses.
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#perpetual #global #coin
The exchange plans to offer contracts linked to roughly 50 to 60 major stocks, with trading potentially starting later this year if regulators approve the products, according to The Wall Street Journal.
Perpetual futures, commonly known as perps, are derivatives that do not have an expiration date. Traders can keep positions open indefinitely, while leverage can magnify both gains and losses.
More From Cryptoprowl:
U.S. Regulators Push Crypto Rules As Clarity Act Stalls
#perpetual #global #coin
18 hours ago
An anonymous trader known only by their wallet address 0x3bca had their $7.19 million short position on the S&P 500 fully liquidated on Hyperliquid as the broader market rebounded on Wednesday. The liquidation was tracked via onchain data on Hypurrscan.
A short position is a trade that profits when an ***** et's price falls. The trader was betting the S&P 500 would decline, and when it moved in the opposite direction, the position was forcibly closed at a loss.
Related: Kevin O'Leary has a warning on Washington's tax plans
Liquidation happens when a leveraged trade moves far enough against the trader that the exchange automatically closes it to prevent further losses. Hyperliquid is a decentralized exchange that lets users trade perpetual contracts, derivatives that track an ***** et's price without an expiration date, on crypto, equities and commodities.
The Hypurrscan data shows the wallet held a total portfolio value of roughly $7.85 million at the time, with exposure to S&P 500, XYZ100, BTC and gold contracts. The transaction history reveals a flurry of activity in the seconds surrounding the liquidation, including multiple "Close Long" orders on Robinhood stock (xyz:HOOD) at $109.48 and fresh "Open Long" positions on BTC at approximately $76,568.
#trader #position #hyperliquid #short
A short position is a trade that profits when an ***** et's price falls. The trader was betting the S&P 500 would decline, and when it moved in the opposite direction, the position was forcibly closed at a loss.
Related: Kevin O'Leary has a warning on Washington's tax plans
Liquidation happens when a leveraged trade moves far enough against the trader that the exchange automatically closes it to prevent further losses. Hyperliquid is a decentralized exchange that lets users trade perpetual contracts, derivatives that track an ***** et's price without an expiration date, on crypto, equities and commodities.
The Hypurrscan data shows the wallet held a total portfolio value of roughly $7.85 million at the time, with exposure to S&P 500, XYZ100, BTC and gold contracts. The transaction history reveals a flurry of activity in the seconds surrounding the liquidation, including multiple "Close Long" orders on Robinhood stock (xyz:HOOD) at $109.48 and fresh "Open Long" positions on BTC at approximately $76,568.
#trader #position #hyperliquid #short
21 hours ago
BitMEX has settled and delisted XBTUSD, ending one of the most influential trades in crypto history. The Bitcoin contract ran for more than 10 years and became the template for the perpetual futures market that dominates crypto trading today.
BitMEX itself will shut down on September 23. Yet the product it created is everywhere.
XBTUSD launched on May 13, 2016. It allowed traders to bet on Bitcoin without an expiry date.
Traditional futures expire on fixed dates. XBTUSD did not. That kept traders in one continuous market instead of splitting liquidity between different contracts.
BitMEX also introduced a funding system to keep the contract close to Bitcoin's spot price. When too many traders crowded onto one side, they paid the other side.
#xbtusd #Crypto #contract
BitMEX itself will shut down on September 23. Yet the product it created is everywhere.
XBTUSD launched on May 13, 2016. It allowed traders to bet on Bitcoin without an expiry date.
Traditional futures expire on fixed dates. XBTUSD did not. That kept traders in one continuous market instead of splitting liquidity between different contracts.
BitMEX also introduced a funding system to keep the contract close to Bitcoin's spot price. When too many traders crowded onto one side, they paid the other side.
#xbtusd #Crypto #contract
3 days ago
Two former Robinhood engineers allegedly used confidential information about upcoming cryptocurrency listings to make profitable trades on decentralized exchange Hyperliquid, federal prosecutors said Tuesday.
Hefu Chai, 36, and Huaisong "Jerry" Xiang, 30, each face one count of commodities fraud and one count of wire fraud.
"Today's charges make clear that corporate insiders cannot evade the securities and commodities laws by trading based on misappropriated information in derivatives like perpetual futures, tokenized securities, or other similar financial instruments," U.S. Attorney Jamie McDonald said in a statement.
Perpetual futures, or "perps," let traders speculate on an **** et's price—often with leverage—without owning it. Unlike conventional futures, the derivatives do not expire. Hyperliquid is one of the largest decentralized platforms for trading perps and has faced increased regulatory scrutiny.
According to the DOJ, the engineers allegedly used nonpublic information about upcoming Robinhood Crypto token listings to buy related perpetual futures before the announcements, earning profits "for their own benefit" between 2025 and 2026. Each defendant earned more than $50,000 from the alleged scheme, the Justice Department said.
#futures #engineers
Hefu Chai, 36, and Huaisong "Jerry" Xiang, 30, each face one count of commodities fraud and one count of wire fraud.
"Today's charges make clear that corporate insiders cannot evade the securities and commodities laws by trading based on misappropriated information in derivatives like perpetual futures, tokenized securities, or other similar financial instruments," U.S. Attorney Jamie McDonald said in a statement.
Perpetual futures, or "perps," let traders speculate on an **** et's price—often with leverage—without owning it. Unlike conventional futures, the derivatives do not expire. Hyperliquid is one of the largest decentralized platforms for trading perps and has faced increased regulatory scrutiny.
According to the DOJ, the engineers allegedly used nonpublic information about upcoming Robinhood Crypto token listings to buy related perpetual futures before the announcements, earning profits "for their own benefit" between 2025 and 2026. Each defendant earned more than $50,000 from the alleged scheme, the Justice Department said.
#futures #engineers
3 days ago
Two former Robinhood engineers were charged with fraud on Tuesday in a Hyperliquid insider trading case, accused of buying futures contracts before their employer announced new token listings.
Hefu Chai, 36, and Huaisong Xiang, 30, each face one count of violating the Commodity Exchange Act and one count of wire fraud. Prosecutors say the pair made more than $50,000 apiece.
"Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with the investigations," a Robinhood spokesperson told BeInCrypto.
Follow us on X to get the latest news as it happens
Hyperliquid runs a decentralized exchange built around perpetual futures. These are leveraged bets on a token's price that never expire, so a trader can hold the position indefinitely.
#robinhood #exchange #tuesday
Hefu Chai, 36, and Huaisong Xiang, 30, each face one count of violating the Commodity Exchange Act and one count of wire fraud. Prosecutors say the pair made more than $50,000 apiece.
"Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with the investigations," a Robinhood spokesperson told BeInCrypto.
Follow us on X to get the latest news as it happens
Hyperliquid runs a decentralized exchange built around perpetual futures. These are leveraged bets on a token's price that never expire, so a trader can hold the position indefinitely.
#robinhood #exchange #tuesday
3 days ago
Cronos rebrands its trading app as Ult, expanding beyond crypto into prediction markets, perpetuals and tokenized **** ets.
Ult targets 100+ countries with 24/7/365 trading, 10 sports prediction categories and around 40 leveraged markets at launch.
Cronos Network could see more trading flow as Ult brings users, **** ets and liquidity into the ecosystem, with plans to move more markets onchain as volume grows.
Cronos, the blockchain ecosystem **** ociated with Crypto.com, is reshaping its product strategy around a new trading application called Ult. It has introduced a revenue-linked mechanism designed to support its native CRO token.
Cronos CEO Ryan Wyatt announced the changes on X, saying the new strategy is intended to provide greater clarity for users and developers. It aims to put a stronger focus on products that generate value for CRO.
#markets
Ult targets 100+ countries with 24/7/365 trading, 10 sports prediction categories and around 40 leveraged markets at launch.
Cronos Network could see more trading flow as Ult brings users, **** ets and liquidity into the ecosystem, with plans to move more markets onchain as volume grows.
Cronos, the blockchain ecosystem **** ociated with Crypto.com, is reshaping its product strategy around a new trading application called Ult. It has introduced a revenue-linked mechanism designed to support its native CRO token.
Cronos CEO Ryan Wyatt announced the changes on X, saying the new strategy is intended to provide greater clarity for users and developers. It aims to put a stronger focus on products that generate value for CRO.
#markets
5 days ago
Nasdaq-listed DeFi Development Corp (NASDAQ: $DFDV) has increased its Solana (CRYPTO: $SOL) treasury by 55,491 SOL, bringing its total holdings to about 2.39 million SOL and SOL equivalents.
The company said Monday that its treasury has grown roughly 2% since August 27 as it resumed regular Solana purchases and continued generating yield from its holdings. DeFi Development Corp is now the second-largest public-company holder of Solana after Forward Industries.
Alongside the treasury increase, the company established a $300 million at-the-market offering for its CHAD perpetual preferred stock. The Variable Rate Series C Perpetual Preferred Stock carries an initial annual dividend rate of 13%. DeFi Development said it plans to issue the shares at or above their $10 par value, with most of the proceeds expected to fund additional SOL purchases.
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The company said Monday that its treasury has grown roughly 2% since August 27 as it resumed regular Solana purchases and continued generating yield from its holdings. DeFi Development Corp is now the second-largest public-company holder of Solana after Forward Industries.
Alongside the treasury increase, the company established a $300 million at-the-market offering for its CHAD perpetual preferred stock. The Variable Rate Series C Perpetual Preferred Stock carries an initial annual dividend rate of 13%. DeFi Development said it plans to issue the shares at or above their $10 par value, with most of the proceeds expected to fund additional SOL purchases.
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#NASDAQ #offering
5 days ago
Prediction market Kalshi plans to offer customers the ability to trade single-stock perpetual futures contracts in the U.S., as well as bet on the price movements of agriculture commodities.
Analysts say the move represents an attempt by Kalshi to muscle in on traditional financial markets.
New York-based Kalshi says that it is seeking regulatory approval to list contracts linked to some of the biggest U.S. stocks, such as Tesla (NASDAQ: $TSLA) and Nvidia (NASDAQ: $NVDA).
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Analysts say the move represents an attempt by Kalshi to muscle in on traditional financial markets.
New York-based Kalshi says that it is seeking regulatory approval to list contracts linked to some of the biggest U.S. stocks, such as Tesla (NASDAQ: $TSLA) and Nvidia (NASDAQ: $NVDA).
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#Tsla #nvda
7 days ago
Fundstrat's Tom Lee took the Future Proof Citywide stage earlier this year with CNBC's Scott Wapner for a session that landed in the middle of a jittery tape that included geopolitical conflict, oil spiking, private credit cracking, and fresh doubts about AI spending. Not too far off where we find ourselves currently, but with an awful lot of volatility and shifting, uncertain outlooks between these six months. While their conversation was a snapshot in time, you can expect more of this kind of sharp, thoughtful ****** ysis next week.
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
15 days ago
Sept 3 (Reuters) - Coinbase has filed registration documents with the U.S. Securities and Exchange Commission to offer equity perpetuals, the crypto exchange's chief policy officer said in a social media post on Thursday.
Here are some details:
• Perpetuals, also called "perps" are derivative contracts that track underlying ****** ets and do not expire, allowing traders to hold positions indefinitely without the need for a roll-over.
• The product will need a Commodity Futures Trading Commission approval next, Chief Policy Officer Faryar Shirzad said in a post on X.
• "Equity perps have proven demand internationally, and we're excited at the prospect of a regulated pathway for U.S. investors," Shirzad said.
#commission
Here are some details:
• Perpetuals, also called "perps" are derivative contracts that track underlying ****** ets and do not expire, allowing traders to hold positions indefinitely without the need for a roll-over.
• The product will need a Commodity Futures Trading Commission approval next, Chief Policy Officer Faryar Shirzad said in a post on X.
• "Equity perps have proven demand internationally, and we're excited at the prospect of a regulated pathway for U.S. investors," Shirzad said.
#commission
15 days ago
Updated Sept. 3, 2026 5:03 pm ET
Listen
(4 min)
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1219 ET [Dow Jones]—Gains in bitcoin through August have inspired optimism in the cryptocurrency ******* e, with CoinMarketCap’s Fear and Greed index at 77 out of 100, a “greed” reading. But the foundation of these gains are possibly not as strong as some may have hoped. “Perpetual-futures positioning shows the move up came mostly from shorts being liquidated and covered; few new long positions were opened, and shorts have started to rebuild,” say ******* ysts with CryptoQuant in a note. Bitcoin has broken through the $80,000 mark, trading up 4.7% to $81,054. Ethereum rises 4.7% to $2,506, XRP climbs 7.4% to $1.45, and Solana is up 4.8% to $104.45. (kirk.maltaiswsj.com)
#market
Listen
(4 min)
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1219 ET [Dow Jones]—Gains in bitcoin through August have inspired optimism in the cryptocurrency ******* e, with CoinMarketCap’s Fear and Greed index at 77 out of 100, a “greed” reading. But the foundation of these gains are possibly not as strong as some may have hoped. “Perpetual-futures positioning shows the move up came mostly from shorts being liquidated and covered; few new long positions were opened, and shorts have started to rebuild,” say ******* ysts with CryptoQuant in a note. Bitcoin has broken through the $80,000 mark, trading up 4.7% to $81,054. Ethereum rises 4.7% to $2,506, XRP climbs 7.4% to $1.45, and Solana is up 4.8% to $104.45. (kirk.maltaiswsj.com)
#market
15 days ago
Cam Newton is calling out the commonality between Troy Aikman, Tom Brady, Cris Collinsworth, Kirk Herbstreit, Tony Romo, and J.J. Watt.
After Dan Le Batard highlighted the perpetual cycle of white guys getting most NFL broadcasting jobs, especially in primetime, Newton continued the conversation on his 4th & 1 show, wondering what metric networks use to hire ******* ysts.
"Is it the position you played? Is it your resume as a player?" Newton asked. "Or is it just the likability? Because if we're talking about how did Kirk Herbstreit get that deal? We know how Tom Brady got his deal. How does Tony Romo get his deal? We know how Troy Aikman got his deal. How does Cris Collinsworth get his deal? These are all mainstream color commentators that we see. We're seeing these faces, as if to say Charles Davis is not capable…RGIII is not capable. Jonathan Vilma, is he capable? Jason McCourty, is he capable?"
Newton went on to note Louis Riddick briefly had a primetime ******* yst role on Monday Night Football until ESPN tapped him on the shoulder to say Joe Buck and Troy Aikman were taking over. Newton also cited Nate Burleson and Michael Strahan as NFL players turned media personalities who are more than qualified to be a lead ******* yst on a primetime game.
"Do you not think Ryan Clark is capable? We've seen it," Newton continued. "Brandon Marshall, he's a sharp guy. You got a guy like Emmanuel Acho, who verbally, his vernacular can hold its own with whoever. Do you always have to be a quarterback? Well, J.J. Watt's not a quarterback. Luke Kuechly is not a quarterback. So what's the metric here?"
#deal #troy #aikman #primetime
After Dan Le Batard highlighted the perpetual cycle of white guys getting most NFL broadcasting jobs, especially in primetime, Newton continued the conversation on his 4th & 1 show, wondering what metric networks use to hire ******* ysts.
"Is it the position you played? Is it your resume as a player?" Newton asked. "Or is it just the likability? Because if we're talking about how did Kirk Herbstreit get that deal? We know how Tom Brady got his deal. How does Tony Romo get his deal? We know how Troy Aikman got his deal. How does Cris Collinsworth get his deal? These are all mainstream color commentators that we see. We're seeing these faces, as if to say Charles Davis is not capable…RGIII is not capable. Jonathan Vilma, is he capable? Jason McCourty, is he capable?"
Newton went on to note Louis Riddick briefly had a primetime ******* yst role on Monday Night Football until ESPN tapped him on the shoulder to say Joe Buck and Troy Aikman were taking over. Newton also cited Nate Burleson and Michael Strahan as NFL players turned media personalities who are more than qualified to be a lead ******* yst on a primetime game.
"Do you not think Ryan Clark is capable? We've seen it," Newton continued. "Brandon Marshall, he's a sharp guy. You got a guy like Emmanuel Acho, who verbally, his vernacular can hold its own with whoever. Do you always have to be a quarterback? Well, J.J. Watt's not a quarterback. Luke Kuechly is not a quarterback. So what's the metric here?"
#deal #troy #aikman #primetime
16 days ago
Ondo Finance has filed three comment letters with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), arguing that existing U.S. regulations already have room for products built on blockchain technology, they just need to be applied differently.
The letters, published Sep. 2, cover three separate rulemaking areas: perpetual futures product definitions, portfolio margining, and market data reporting.
Each letter addresses a different rule, but the underlying argument is the same across all three: regulators should judge whether a system works, not whether it looks like the one it's replacing.
Related: Cathie Wood buys millions in popular crypto stock on Chelsea FC deal
Perpetual futures, or "perps," are contracts that let traders bet on an ***** et's price without the contract ever expiring. Traditional futures use expiration dates to force prices to converge with the underlying ***** et.
#commission #whether #finance
The letters, published Sep. 2, cover three separate rulemaking areas: perpetual futures product definitions, portfolio margining, and market data reporting.
Each letter addresses a different rule, but the underlying argument is the same across all three: regulators should judge whether a system works, not whether it looks like the one it's replacing.
Related: Cathie Wood buys millions in popular crypto stock on Chelsea FC deal
Perpetual futures, or "perps," are contracts that let traders bet on an ***** et's price without the contract ever expiring. Traditional futures use expiration dates to force prices to converge with the underlying ***** et.
#commission #whether #finance
16 days ago
Coinbase (NASDAQ: $COIN) has launched regulated crypto derivatives for eligible Canadian traders, giving them access to perpetual and dated futures through its platform.
In a Tuesday blog post, Eric Richmond, the Country Director and CEO of Coinbase Canada, said the offering includes 23 crypto futures tied to ***** ets such as Bitcoin (CRYPTO: $BTC), Ether (CRYPTO: $ETH) and Solana (CRYPTO: $SOL). Traders can also access five commodity futures covering gold, silver and oil, along with index futures including COIN50.
Derivatives are widely used by corporations and financial institutions to hedge exposure and manage market risk. The Bank of Canada estimates that about one-third of publicly listed Canadian non-financial companies use derivatives to hedge earnings.
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#derivatives #Coinbase #financial
In a Tuesday blog post, Eric Richmond, the Country Director and CEO of Coinbase Canada, said the offering includes 23 crypto futures tied to ***** ets such as Bitcoin (CRYPTO: $BTC), Ether (CRYPTO: $ETH) and Solana (CRYPTO: $SOL). Traders can also access five commodity futures covering gold, silver and oil, along with index futures including COIN50.
Derivatives are widely used by corporations and financial institutions to hedge exposure and manage market risk. The Bank of Canada estimates that about one-third of publicly listed Canadian non-financial companies use derivatives to hedge earnings.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#derivatives #Coinbase #financial
16 days ago
Sands Capital, an investment management company, released its "Sands Capital Select Growth Fund" Q2 2026 investor letter. The letter can be downloaded here. Select Growth Fund targets U.S. businesses driving significant structural change through disruptive innovation. The fund returned 23.2% in the quarter, outperforming the Russell 1000 Growth Index's 16.7%. U.S. large-cap growth equities rebounded sharply, driven by improving corporate fundamentals and renewed investor confidence in AI, despite geopolitical uncertainties. However, the market's gains were narrow, concentrated among AI beneficiaries. The portfolio's success stemmed from strength in AI infrastructure holdings, especially memory and storage, supported by better pricing and tightening supply. As AI development advances, continuous demand for compute capacity is expected, prompting investments in memory, CPUs, AI chips, and semiconductor manufacturing to address emerging bottlenecks essential for scaling AI. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Sands Capital Select Growth Fund highlighted Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities. On September 1, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $159.60 per share. Over the past month, Intercontinental Exchange, Inc. (NYSE:ICE) returned 4.85%, while its shares have declined 10.30% in the last 52 weeks. Intercontinental Exchange, Inc. (NYSE:ICE) has a market capitalization of $89.6 billion, and its stock has traded within a 52-week range of $121.79 to $177.00.
Sands Capital Select Growth Fund stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Intercontinental Exchange, Inc. (NYSE:ICE) is one of the world's largest operators of financial exchanges and clearinghouses. Shares declined as investor concerns around AI disruption in ICE's Mortgage business and potential competition from perpetual futures contracts weighed on the stock. Much of the underperformance appears to reflect multiple compression rather than a weakening of fundamentals, which remain solid. In our view, the market is overestimating the risk that AI will displace ICE Mortgage. The business is not simply a workflow solution; it is a platform that connects lenders, data vendors, and other participants required to originate, sell, and service mortgages, while also serving as a system of record for a significant portion of the U.S. mortgage ecosystem. We also believe concerns around perpetual futures competition are overstated, as the structure of these products may limit their use in institutional hedging and risk management, particularly before accounting for liquidity. As such, we believe the recent sell-off more than discounts these risks."
#investor
In its second-quarter 2026 investor letter, Sands Capital Select Growth Fund highlighted Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities. On September 1, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $159.60 per share. Over the past month, Intercontinental Exchange, Inc. (NYSE:ICE) returned 4.85%, while its shares have declined 10.30% in the last 52 weeks. Intercontinental Exchange, Inc. (NYSE:ICE) has a market capitalization of $89.6 billion, and its stock has traded within a 52-week range of $121.79 to $177.00.
Sands Capital Select Growth Fund stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Intercontinental Exchange, Inc. (NYSE:ICE) is one of the world's largest operators of financial exchanges and clearinghouses. Shares declined as investor concerns around AI disruption in ICE's Mortgage business and potential competition from perpetual futures contracts weighed on the stock. Much of the underperformance appears to reflect multiple compression rather than a weakening of fundamentals, which remain solid. In our view, the market is overestimating the risk that AI will displace ICE Mortgage. The business is not simply a workflow solution; it is a platform that connects lenders, data vendors, and other participants required to originate, sell, and service mortgages, while also serving as a system of record for a significant portion of the U.S. mortgage ecosystem. We also believe concerns around perpetual futures competition are overstated, as the structure of these products may limit their use in institutional hedging and risk management, particularly before accounting for liquidity. As such, we believe the recent sell-off more than discounts these risks."
#investor
18 days ago
MD Sass, a boutique ******* et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities. On August 28, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $162.33 per share. Over the past month, Intercontinental Exchange, Inc. (NYSE:ICE) returned 6.94%, while its shares have declined 8.08% in the last 52 weeks. Intercontinental Exchange, Inc. (NYSE:ICE) has a market capitalization of $91.13 billion, and its stock has traded within a 52-week range of $121.79 to $177.00.
MD Sass Concentrated Value Strategy stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"We believe Intercontinental Exchange, Inc.'s (NYSE:ICE) underperformance in Q2 resulted primarily from higher interest rates weighing on enthusiasm for its rate sensitive Mortgage Technology business and heightened concerns about the rise of perpetual futures and their potential impact on ICE's futures exchange business. We decided to exit the position because our thesis on the Mortgage Technology business has not played out as expected. One tenet of our investment thesis was that combining Black Knight with ICE's Mortgage Technology platform would lead to market share gains and significant margin expansion. However, results over several quarters do not suggest that ICE has achieved material share gains, and customer consolidation has produced mixed res
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities. On August 28, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $162.33 per share. Over the past month, Intercontinental Exchange, Inc. (NYSE:ICE) returned 6.94%, while its shares have declined 8.08% in the last 52 weeks. Intercontinental Exchange, Inc. (NYSE:ICE) has a market capitalization of $91.13 billion, and its stock has traded within a 52-week range of $121.79 to $177.00.
MD Sass Concentrated Value Strategy stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"We believe Intercontinental Exchange, Inc.'s (NYSE:ICE) underperformance in Q2 resulted primarily from higher interest rates weighing on enthusiasm for its rate sensitive Mortgage Technology business and heightened concerns about the rise of perpetual futures and their potential impact on ICE's futures exchange business. We decided to exit the position because our thesis on the Mortgage Technology business has not played out as expected. One tenet of our investment thesis was that combining Black Knight with ICE's Mortgage Technology platform would lead to market share gains and significant margin expansion. However, results over several quarters do not suggest that ICE has achieved material share gains, and customer consolidation has produced mixed res
23 days ago
Genius Group (NYSE: $GNS), an education technology company based in Singapore, plans to raise capital to expand its AI and Bitcoin (CRYPTO: $BTC) treasuries.
The company said Thursday it is considering issuing perpetual preferred securities as part of a broader $1.2 billion capital plan. Genius Group has set a target of $800 million for its AI Treasury and $827 million for its Bitcoin Treasury, with a longer-term goal of reaching $2 billion in total **** ets by 2031.
The company plans to initially raise $12.5 million through the proposed preferred securities offering. The securities are expected to be non-convertible and carry a variable dividend paid monthly. Genius Group said proceeds would be divided between its AI investments, Bitcoin holdings, and a U.S. dollar reserve intended to cover about 18 months of preferred dividends.
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Bernstein Forecasts Bitcoin Will Reach $150,000 By Mid-2027
#genius #million #plans #raise
The company said Thursday it is considering issuing perpetual preferred securities as part of a broader $1.2 billion capital plan. Genius Group has set a target of $800 million for its AI Treasury and $827 million for its Bitcoin Treasury, with a longer-term goal of reaching $2 billion in total **** ets by 2031.
The company plans to initially raise $12.5 million through the proposed preferred securities offering. The securities are expected to be non-convertible and carry a variable dividend paid monthly. Genius Group said proceeds would be divided between its AI investments, Bitcoin holdings, and a U.S. dollar reserve intended to cover about 18 months of preferred dividends.
More From Cryptoprowl:
Bernstein Forecasts Bitcoin Will Reach $150,000 By Mid-2027
#genius #million #plans #raise
25 days ago
Key Takeaways
The Blockchain ******* ociation urged the SEC and CFTC to create a coordinated US framework for equity perpetual contracts.
It proposed regulating equity perpetuals under existing security-futures rules, arguing that no new legislation is necessary.
The group warned that continued regulatory uncertainty will push liquidity, jobs, market data and innovation further offshore.
The Blockchain ******* ociation has called on the Securities and Exchange Commission and the Commodity Futures Trading Commission to create a coordinated regulatory pathway for equity perpetual contracts in the United States.
#Equity #commission
The Blockchain ******* ociation urged the SEC and CFTC to create a coordinated US framework for equity perpetual contracts.
It proposed regulating equity perpetuals under existing security-futures rules, arguing that no new legislation is necessary.
The group warned that continued regulatory uncertainty will push liquidity, jobs, market data and innovation further offshore.
The Blockchain ******* ociation has called on the Securities and Exchange Commission and the Commodity Futures Trading Commission to create a coordinated regulatory pathway for equity perpetual contracts in the United States.
#Equity #commission
29 days ago
They say beauty is in the eye of the beholder, but for Jinny Lu, being judged the ugliest of them all just paid off — to the tune of $5,000.
The 6-year-old pug, whose bulging eyes and perpetually dangling tongue helped her stand out from the pack, was crowned the winner of the 2026 World's Ugliest Dog® Contest, produced by the Sonoma-Marin Agricultural ***** ociation during the Sonoma County Fair in Santa Rosa, California. The quirky competition celebrated its 50th anniversary this year.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#jinny #marin
The 6-year-old pug, whose bulging eyes and perpetually dangling tongue helped her stand out from the pack, was crowned the winner of the 2026 World's Ugliest Dog® Contest, produced by the Sonoma-Marin Agricultural ***** ociation during the Sonoma County Fair in Santa Rosa, California. The quirky competition celebrated its 50th anniversary this year.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#jinny #marin
30 days ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Delivered positive comparable sales of 0.2% as growth in Pro, Online, and Home Services offset macro-driven softness in discretionary DIY spending.
Attributed late-quarter sales pressure to heightened competitive pricing in seasonal categories, which management believes was fueled by competitors utilizing tariff refunds.
Achieved 15.7% online sales growth driven by enhanced visualization tools, expanded marketplace offerings, and the successful rollout of the Mylow AI agent.
Maintained operational discipline through Perpetual Productivity Improvement (PPI) initiatives, enabling the company to absorb elevated fuel and transportation costs.
#driven #delivered
Delivered positive comparable sales of 0.2% as growth in Pro, Online, and Home Services offset macro-driven softness in discretionary DIY spending.
Attributed late-quarter sales pressure to heightened competitive pricing in seasonal categories, which management believes was fueled by competitors utilizing tariff refunds.
Achieved 15.7% online sales growth driven by enhanced visualization tools, expanded marketplace offerings, and the successful rollout of the Mylow AI agent.
Maintained operational discipline through Perpetual Productivity Improvement (PPI) initiatives, enabling the company to absorb elevated fuel and transportation costs.
#driven #delivered
30 days ago
Aug 19 (Reuters) - The U.S. Commodity Futures Trading Commission said on Wednesday it was seeking public comment on compute derivatives contracts, as the AI boom drives demand for new market products tied to computing power.
The request is an early step by the derivatives regulator toward setting rules for markets that could help companies and investors manage the cost and availability of compute, a critical input for artificial intelligence.
Here are some details:
• Wall Street investors have chased the AI trade for years, betting on companies and ******* ets poised to benefit from the technology's rapid adoption.
• The derivatives regulator said it is seeking comments on compute cash markets, market oversight and manipulation concerns, customer protection and perpetual compute futures.
#compute #futures #markets #investors
The request is an early step by the derivatives regulator toward setting rules for markets that could help companies and investors manage the cost and availability of compute, a critical input for artificial intelligence.
Here are some details:
• Wall Street investors have chased the AI trade for years, betting on companies and ******* ets poised to benefit from the technology's rapid adoption.
• The derivatives regulator said it is seeking comments on compute cash markets, market oversight and manipulation concerns, customer protection and perpetual compute futures.
#compute #futures #markets #investors
1 month ago
US spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) recorded $517.2 million in net inflows on Wednesday, their largest single-day investment since May 4, as Bitcoin rallied alongside renewed attention on US crypto regulation and financial markets.
The latest inflows pushed August's total to $1.47 billion. The funds have attracted about $1 billion since Monday, putting them on pace for their strongest weekly net inflow since the week ended Jan. 16, when they brought in roughly $1.42 billion, according to data from SoSoValue.
Spot Ethereum (CRYPTO: $ETH) ETFs also recorded strong demand, with $189.2 million in net inflows on Wednesday, bringing their weekly inflows to about $291.5 million.
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#million
The latest inflows pushed August's total to $1.47 billion. The funds have attracted about $1 billion since Monday, putting them on pace for their strongest weekly net inflow since the week ended Jan. 16, when they brought in roughly $1.42 billion, according to data from SoSoValue.
Spot Ethereum (CRYPTO: $ETH) ETFs also recorded strong demand, with $189.2 million in net inflows on Wednesday, bringing their weekly inflows to about $291.5 million.
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Hyperliquid Turns to CFTC for Path Into U.S. Perpetual Futures Market
#million
1 month ago
Bitcoin (CRYPTO: $BTC) mining company Bitdeer Technologies Group's (NASDAQ: $BTDR) artificial intelligence division, Bitdeer AI, has secured a five-year contract covering roughly half of its A102 AI data center in Malaysia before the facility is energized.
The undisclosed customer, described by Bitdeer as being of "high credit quality," has committed to approximately 50% of A102's 9.5-megawatt capacity, according to a Wednesday announcement. The agreement is expected to generate about $400 million in revenue over five years.
Bitdeer said the contract will not contribute to revenue this year. Services are expected to start in the first quarter of 2027, when the company will begin recognizing revenue and related costs.
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#revenue #company #five #contract
The undisclosed customer, described by Bitdeer as being of "high credit quality," has committed to approximately 50% of A102's 9.5-megawatt capacity, according to a Wednesday announcement. The agreement is expected to generate about $400 million in revenue over five years.
Bitdeer said the contract will not contribute to revenue this year. Services are expected to start in the first quarter of 2027, when the company will begin recognizing revenue and related costs.
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Hyperliquid Turns to CFTC for Path Into U.S. Perpetual Futures Market
#revenue #company #five #contract
1 month ago
Kalshi filed with the Commodity Futures Trading Commission on Tuesday to launch perpetual futures contracts tied to U.S. equity indexes and copper, the company's latest effort to expand beyond its prediction market roots into traditional derivatives territory.
The equity index filing seeks to list a perpetual futures contract — known as a "perp" — on the MerQube U.S. Large Cap Index, which tracks the 500 largest companies listed and based in the U.S., according to CNBC. SEC approval is not required for the equity index contracts, Reuters reported, because broad-based equity baskets fall within the CFTC's regulatory purview rather than the SEC's.
The copper contract, designated COPPERPERP, would be a cash-settled perpetual futures contract referencing the spot price of copper in U.S. dollars per pound, using the Pyth Network XCU/USD price feed as its underlying price index, Kalshi said. Each contract would represent 1,000 pounds of copper, with a minimum tick of $0.0005 per pound. The contract would trade continuously from 6:00 PM Eastern Time on Sunday through 5:00 PM Eastern Time on Friday, with a funding payment calculated daily at 10:00 AM Eastern Time on weekdays to keep the contract price aligned with the spot reference price, Kalshi said.
Unlike standard futures, perpetual contracts have no set expiration, meaning traders can maintain a position for as long as they choose. To keep the contract price close to the spot market, the structure relies on periodic funding payments exchanged between opposing sides of the trade.
A month earlier, Kalshi had submitted a CFTC proposal for perps on precious metals such as gold and silver, according to CNBC. The equity index and copper filings extend that push into additional ****** et classes as the company works to position itself as a multi-asset derivatives exchange competing with established operators.
#price #kalshi #futures #time
The equity index filing seeks to list a perpetual futures contract — known as a "perp" — on the MerQube U.S. Large Cap Index, which tracks the 500 largest companies listed and based in the U.S., according to CNBC. SEC approval is not required for the equity index contracts, Reuters reported, because broad-based equity baskets fall within the CFTC's regulatory purview rather than the SEC's.
The copper contract, designated COPPERPERP, would be a cash-settled perpetual futures contract referencing the spot price of copper in U.S. dollars per pound, using the Pyth Network XCU/USD price feed as its underlying price index, Kalshi said. Each contract would represent 1,000 pounds of copper, with a minimum tick of $0.0005 per pound. The contract would trade continuously from 6:00 PM Eastern Time on Sunday through 5:00 PM Eastern Time on Friday, with a funding payment calculated daily at 10:00 AM Eastern Time on weekdays to keep the contract price aligned with the spot reference price, Kalshi said.
Unlike standard futures, perpetual contracts have no set expiration, meaning traders can maintain a position for as long as they choose. To keep the contract price close to the spot market, the structure relies on periodic funding payments exchanged between opposing sides of the trade.
A month earlier, Kalshi had submitted a CFTC proposal for perps on precious metals such as gold and silver, according to CNBC. The equity index and copper filings extend that push into additional ****** et classes as the company works to position itself as a multi-asset derivatives exchange competing with established operators.
#price #kalshi #futures #time
1 month ago
Stock perpetual futures are expanding fast on both centralized and decentralized crypto exchanges. Monthly equity perpetual volume on centralized venues jumped roughly 17 times between April and July 2026, according to CryptoQuant.
Semiconductor and memory names drive the centralized boom. Decentralized exchanges (DEXs) show a wider mix, with stocks, commodities, and equity indexes among their largest markets.
In its latest market report, CryptoQuant noted that monthly volume climbed from about $15 billion in April to nearly $250 billion in July. Growth between June and July alone reached 56%.
Binance handled close to $193 billion of the July total, or 76% of all activity. Gate posted the fastest monthly expansion at 308% and has grown every month since May.
Follow us on X to get the latest news as it happens
#monthly
Semiconductor and memory names drive the centralized boom. Decentralized exchanges (DEXs) show a wider mix, with stocks, commodities, and equity indexes among their largest markets.
In its latest market report, CryptoQuant noted that monthly volume climbed from about $15 billion in April to nearly $250 billion in July. Growth between June and July alone reached 56%.
Binance handled close to $193 billion of the July total, or 76% of all activity. Gate posted the fastest monthly expansion at 308% and has grown every month since May.
Follow us on X to get the latest news as it happens
#monthly
1 month ago
Aug 10 (Reuters) - Prediction markets giant Kalshi has joined hands with Nasdaq to adopt the U.S. exchange heavyweight's market surveillance tool, as it looks to bolster the monitoring and oversight of trading activity on its platform.
The multi-year partnership, unveiled on Monday, reflects a broader push by Kalshi to strengthen trade surveillance, as prediction markets face mounting pressure from lawmakers following high-profile alleged insider trading cases that have intensified scrutiny of suspicious trades.
Kalshi plans to implement Nasdaq's market surveillance platform in a phased approach, pairing its existing surveillance framework with advanced monitoring capabilities for prediction markets and perpetual-style derivatives.
"This deal reinforces Kalshi's commitment to market integrity," said Max Crowley, vice president of business development at Kalshi, adding the partnership gives it surveillance data used by the world's largest exchanges.
Integrating Nasdaq's round-the-clock surveillance platform with Kalshi's trading infrastructure will ******* ist in real-time detection of market abuse, manipulation, and insider trading and support delivering trade data to the Commodity Futures Trading Commission in the format the agency requires.
#surveillance #markets #platform
The multi-year partnership, unveiled on Monday, reflects a broader push by Kalshi to strengthen trade surveillance, as prediction markets face mounting pressure from lawmakers following high-profile alleged insider trading cases that have intensified scrutiny of suspicious trades.
Kalshi plans to implement Nasdaq's market surveillance platform in a phased approach, pairing its existing surveillance framework with advanced monitoring capabilities for prediction markets and perpetual-style derivatives.
"This deal reinforces Kalshi's commitment to market integrity," said Max Crowley, vice president of business development at Kalshi, adding the partnership gives it surveillance data used by the world's largest exchanges.
Integrating Nasdaq's round-the-clock surveillance platform with Kalshi's trading infrastructure will ******* ist in real-time detection of market abuse, manipulation, and insider trading and support delivering trade data to the Commodity Futures Trading Commission in the format the agency requires.
#surveillance #markets #platform
1 month ago
Ondo Finance's derivatives platform has raced past $7 billion in **** ulative trading volume, according to data from **** ytics site DefiLlama, a fast climb for a product that only recently opened to the public.
DefiLlama's figures put Ondo Perps at about $7.03 billion in **** ulative perpetuals volume, with roughly $200 million traded in the past 24 hours and around $69 million in open interest, the total value of positions currently held on the platform.
The platform's volume has risen steeply since the spring, DefiLlama's chart shows, with the sharpest gains coming in the weeks through early August.
Related: Ondo Perps unlocks tokenized gold and silver for perpetual trading
According to Ondo, more than $5 billion of that total has been traded since public access went live, which the company says tops any other real-world-asset perps platform in its first month, citing the same DefiLlama data. Ondo called it the fastest start in the category's history.
#ondo #billion #cumulative #trading
DefiLlama's figures put Ondo Perps at about $7.03 billion in **** ulative perpetuals volume, with roughly $200 million traded in the past 24 hours and around $69 million in open interest, the total value of positions currently held on the platform.
The platform's volume has risen steeply since the spring, DefiLlama's chart shows, with the sharpest gains coming in the weeks through early August.
Related: Ondo Perps unlocks tokenized gold and silver for perpetual trading
According to Ondo, more than $5 billion of that total has been traded since public access went live, which the company says tops any other real-world-asset perps platform in its first month, citing the same DefiLlama data. Ondo called it the fastest start in the category's history.
#ondo #billion #cumulative #trading
1 month ago
Greenskeeper ****** et Management, an independent firm that specializes in disciplined value investing, recently released its Q2 2026 scorecard. A copy is available to download here. After a slow start to the year, the Fund gained 10.9% in the quarter, lifting its year-to-date return to 1.9%. The rebound came as markets showed signs of rotating away from momentum stocks and toward companies supported by reasonable valuations. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
According to Greenskeeper ****** et Management's Q2 2026 investor letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities, detracted from the performance. On August 03, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $151.80 per share, reflecting a market capitalization of $85.22 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month return of 11.25%, and its shares lost 19.00% over the past 52 weeks.
Greenskeeper ****** et Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Our largest detractor during the quarter was Intercontinental Exchange, Inc. (NYSE:ICE), which declined 21.7%. The company's underlying performance remains strong, with revenue and earnings increasing 20% and 34%, respectively, to start the year. Nevertheless, ICE's shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.
Investors are also concerned that a relatively new product known as "perpetual futures" could pose a competitive threat to incumbent derivatives exchanges. Trading activity is currently concentrated in cryptocurrency markets, but several recent product announcements have raised concerns that perpetual futures could expand into more traditional ****** et classes..." (Click here to read the full text)
#intercontinental #asset #greenskeeper #cboe
According to Greenskeeper ****** et Management's Q2 2026 investor letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities, detracted from the performance. On August 03, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $151.80 per share, reflecting a market capitalization of $85.22 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month return of 11.25%, and its shares lost 19.00% over the past 52 weeks.
Greenskeeper ****** et Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Our largest detractor during the quarter was Intercontinental Exchange, Inc. (NYSE:ICE), which declined 21.7%. The company's underlying performance remains strong, with revenue and earnings increasing 20% and 34%, respectively, to start the year. Nevertheless, ICE's shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.
Investors are also concerned that a relatively new product known as "perpetual futures" could pose a competitive threat to incumbent derivatives exchanges. Trading activity is currently concentrated in cryptocurrency markets, but several recent product announcements have raised concerns that perpetual futures could expand into more traditional ****** et classes..." (Click here to read the full text)
#intercontinental #asset #greenskeeper #cboe
2 months ago
Greenskeeper **** et Management, an independent firm that specializes in disciplined value investing, recently released its Q2 2026 scorecard. A copy is available to download here. After a slow start to the year, the Fund gained 10.9% in the quarter, lifting its year-to-date return to 1.9%. The rebound came as markets showed signs of rotating away from momentum stocks and toward companies supported by reasonable valuations. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
According to Greenskeeper **** et Management's Q2 2026 investor letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities, detracted from the performance. On August 03, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $151.80 per share, reflecting a market capitalization of $85.22 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month return of 11.25%, and its shares lost 19.00% over the past 52 weeks.
Greenskeeper **** et Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Our largest detractor during the quarter was Intercontinental Exchange, Inc. (NYSE:ICE), which declined 21.7%. The company's underlying performance remains strong, with revenue and earnings increasing 20% and 34%, respectively, to start the year. Nevertheless, ICE's shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.
Investors are also concerned that a relatively new product known as "perpetual futures" could pose a competitive threat to incumbent derivatives exchanges. Trading activity is currently concentrated in cryptocurrency markets, but several recent product announcements have raised concerns that perpetual futures could expand into more traditional **** et classes..." (Click here to read the full text)
#NYSE #management #here
According to Greenskeeper **** et Management's Q2 2026 investor letter, Intercontinental Exchange, Inc. (NYSE:ICE), a US-based financial services company that provides technology, data, and market infrastructure to financial institutions, corporations, and government entities, detracted from the performance. On August 03, 2026, Intercontinental Exchange, Inc. (NYSE:ICE) closed at $151.80 per share, reflecting a market capitalization of $85.22 billion. Intercontinental Exchange, Inc. (NYSE:ICE) posted a one-month return of 11.25%, and its shares lost 19.00% over the past 52 weeks.
Greenskeeper **** et Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q2 2026 investor letter:
"Our largest detractor during the quarter was Intercontinental Exchange, Inc. (NYSE:ICE), which declined 21.7%. The company's underlying performance remains strong, with revenue and earnings increasing 20% and 34%, respectively, to start the year. Nevertheless, ICE's shares declined alongside peers including Cboe Global Markets (CBOE) and CME Group (CME), amid concerns of a cyclical peak in earnings.
Investors are also concerned that a relatively new product known as "perpetual futures" could pose a competitive threat to incumbent derivatives exchanges. Trading activity is currently concentrated in cryptocurrency markets, but several recent product announcements have raised concerns that perpetual futures could expand into more traditional **** et classes..." (Click here to read the full text)
#NYSE #management #here
2 months ago
Strategy Inc. (NASDAQ: $MSTR) sold 1,638 Bitcoin and more than 3 million common shares last week, extending a capital overhaul that is directing fresh liquidity toward reserves, dividends and preferred-stock support.
The Bitcoin sale raised $104.73 million at an average price of $63,957 per token between July 27 and August 2. Strategy used $52.4 million to fund preferred-stock dividends and another $52.3 million to repurchase shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC (NASDAQ: $STRC).
The company ended the period with 842,138 Bitcoin acquired for $63.51 billion, placing its average purchase price at $75,419. Its latest sale therefore came below the aggregate cost attached to the remaining reserve, though the company still controls roughly 4% of Bitcoin's fixed supply.
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#strategy #NASDAQ #shares #sale
The Bitcoin sale raised $104.73 million at an average price of $63,957 per token between July 27 and August 2. Strategy used $52.4 million to fund preferred-stock dividends and another $52.3 million to repurchase shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC (NASDAQ: $STRC).
The company ended the period with 842,138 Bitcoin acquired for $63.51 billion, placing its average purchase price at $75,419. Its latest sale therefore came below the aggregate cost attached to the remaining reserve, though the company still controls roughly 4% of Bitcoin's fixed supply.
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#strategy #NASDAQ #shares #sale