CME News & Events

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.PREDICTION MARKETS:In a post on Truth Social, President Trump stated, "It is critically important that the CFTC's exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting "rules of the road" that are the Gold Standard for the States. We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules! Other Countries are after this new form of Financial Market, and we want to remain at the top. Likewise, and even more importantly, where we are currently the Crypto, etc.) Capital of the World, other Countries are trying diligently to replace us in that capacity, but we won't let that happen. It is a major Industry, and we must protect it. Mike Selig, CFTC Chairman, and respected by all, is doing a great job."PARAMOUNT, WARNER DEAL:Paramount'sproposed $110B acquisition of Warner Bros. Discoveryis moving toward likely approval by U.S. antitrust regulators following a recent Justice Department meeting, where the deal's outlook improved after discussions including commitments around theatrical film releases, Semafor's Liz Hoffman and Rohan Goswami. According to the report, the Department of Justice staff attorneys seemed swayed by arguments from top Paramount executives that the deal would not hurt other studios and creative talent.BANKING CHARTERS:Crypto companies and financial tech startups are seeking licenses to enter the traditional banking industry, Stacy Cowley of The New York Times. Dozens of financial firms have applied for banking charters, including PayPal, Affirm, World Liberty Financial, all of Detroit's Big Three automakers, and a wave of other cryptocurrency brokers and merchants. These firms are taking advantage of Trump's admin policies meant to creating more banks.

In a post on Truth Social, President Trump stated: "It is critically important that the CFTC's exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting "rules of the road" that are the Gold Standard for the States. We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules! Other Countries are after this new form of Financial Market, and we want to remain at the top. Likewise, and even more importantly, where we are currently the Crypto (Bitcoin, etc.) Capital of the World, other Countries are trying diligently to replace us in that capacity, but we won't let that happen. It is a major Industry, and we must protect it. Mike Selig, CFTC Chairman, and respected by all, is doing a great job."

The clearest legislative window in crypto's history opens this morning as the Senate Banking Committee convenes to mark up the CLARITY Act, the bill that would finally draw jurisdictional lines between the SEC and CFTC for digital assets. CME Group moves in parallel, filing to launch the first regulated multi-coin index futures contract just as Bullish delivers a mixed earnings report and Strive pioneers daily dividends on a bitcoin-backed preferred. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.REGULATION AT THE THRESHOLD:The Senate Banking Committee is marking up the CLARITY Act in whatcalls a milestone for digital assets, convening a session that will determine whether the most consequential crypto market-structure legislation to date can advance out of committee. The bill needs at least 60 Senate floor votes to overcome a filibuster, requiring at least seven Democrats, and Coinbasehas been its most visible corporate advocate, with CEO Brian Armstrong appearing on Capitol Hill the prior day and VP Kara Calvert leading the company's public push for the markup.A successful committee vote would be the clearest signal yet that Congress is ready to define the jurisdictional split between the SEC and CFTC for digital assets. For equity holders, the stakes are highest at Coinbase, which has lobbied heavily for the regulatory framework, but passage also materially benefits CME Group, crypto custodians, and bank broker-dealers that have held back institutional product launches pending legal clarity.CME LAUNCHES MULTI-COIN INDEX FUTURES:CME Groupto launch its first market-cap weighted crypto index futures contract on June 8, pending CFTC review, covering bitcoin, ether, solana, XRP, cardano, chainlink, and lumens. The product will be co-branded with the Nasdaq index and is being launched with CME Group's crypto average daily volume already up 43% year-to-date.A single regulated futures contract spanning seven tokens gives institutional desks a capital-efficient vehicle to express broad digital asset views without managing seven separate positions. It also creates a natural benchmark for crypto-linked equity products and structured notes that bank issuers have been reluctant to manufacture without a standardized underlying index.BULLISH EARNINGS MISS:Bullish, the institutional crypto exchange and CoinDesk parent, reported Q1 adjusted revenue of $92.8M and adjusted EBITDA of $35.1M, both below Wall Street's expectations, with shares falling roughly 8% in premarket trading, per. Revenue grew 49% vs. last year, but the miss overshadowed those gains in initial trading. The companyfull-year guidance and noted continued progress on its previously announced $4.2B acquisition of Equiniti, which management has described as the foundation for the first blockchain-enabled transfer agent platform.STRIVE TREASURY AND PREFERRED DIVIDENDS:Strive, Inc.posted a Q1 GAAP net loss of $265.9M, driven by a $295.8M unrealized fair-value loss on its bitcoin holdings, with revenue of $2.8M. Against that backdrop, the companyit will begin paying daily cash dividends on its SATA preferred shares at a 13% annual rate starting June 16, with a bitcoin treasury of 15,009 bitcoin and total assets of $1.1B.Daily dividend accrual on a bitcoin-backed preferred is a structural novelty, designed to attract yield-seeking capital that cannot directly hold crypto but wants indirect exposure to bitcoin treasury appreciation. The SATA instrument will trade with the credit risk of the underlying bitcoin position, making the dividend rate and payout consistency closely watched by income-oriented equity holders.HYPERION DEFI TURNS PROFITABLE:Hyperion DeFi, which the company describes as the first U.S. publicly listed company building on Hyperliquid,record Q1 net income of $8.8M and adjusted EBITDA of $19.5M, reversing a prior-period loss, while raising its FY26 adjusted gross profit guidance to $5M–$7M, approximately 5x 2025 levels. The company's treasury holds more than 2M HYPE tokens.PRICE ACTION:As of time of writing, bitcoin was trading at $81,063.35, while ether was trading at $2,288.32,.