CME Group plans to launch token ‘CME Coin’ and partners with Google to develop tokenized cash solutions

2026-02-05 by admin

Deep Tide TechFlow news, February 5th, according to CoinDesk, Terry Duffy, CEO of derivatives exchange CME Group, revealed that the company is exploring the launch of its own cryptocurrency “CME Coin,” which may operate on a decentralized network.

Duffy stated in the latest earnings conference call that CME Group is evaluating different forms of margin and is collaborating with Google to develop a “tokenized cash” solution, expected to be launched later this year.

Deep Tide TechFlow news, on February 7th, according to CoinGlass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $605 million, with long positions liquidated at $228 million and short positions liquidated at $377 million.BTC liquidation amount reached $367 million, and ETH liquidation was $128 million. Over the past 24 hours, a total of 127,587 people were liquidated, with the largest single liquidation occurring on the BTC-USD trading pair on Hyperliquid, valued at $21.3054 million.

PANews reported on February 8th that, according to CoinDesk, "Big Short" Michael Burry stated that the current Bitcoin decline is similar to the 2022 bear market, sparking discussions about the depth of this correction. Burry posted a chart on the X platform comparing BTC's decline from a high of approximately $126,000 to approximately $70,000, drawing parallels with the early decline of the 2021-2022 bear market. In the previous cycle, Bitcoin fell from approximately $35,000 to below $20,000 before gradually stabilizing. Based on similar decline ratios, some market participants believe the theoretical risk range could point to around $50,000, but Michael Burry did not provide a specific target price. The market has also questioned the validity of analogies based on a single historical cycle, with some trading institutions pointing out that patterns formed from only one historical event have limited reference value. The current market environment differs significantly from that of 2021-2022, including institutional liquidity brought by spot Bitcoin ETFs, changes in market leverage structure, and a shift in the macroeconomic environment from an aggressive interest rate hike cycle to one dominated by cross-asset volatility.