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CME’s 24/7 move means less weekend price dump, experts say

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CME's 24/7 move means less weekend price dump, experts say

CME Group, the derivatives exchange giant favored by Wall Street, said it will begin offering 24/7 trading for its cryptocurrency futures and options on May 29, a major milestone in how traditional institutions access crypto markets.

The move, the exchange said, aims to meet growing demand from professional investors who want to manage risk continuously even during weekends, when crypto volatility often spikes as institutional venues are closed.

The decision to open around the clock was driven by growth, said Tim McCourt, CME’s global head of equities and FX, adding that crypto derivatives across CME venues hit a record $3 trillion in notional volume last year.

“Client demand for risk management in the digital asset market is at an all-time high,” he said.

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‘Violent price swings’

However, this move will have an even greater impact on how crypto trades on weekends.

While crypto markets have always been live around the clock, CME’s derivatives — widely traded by hedge funds and institutions for their strict regulatory oversight — usually shut down on Friday evening and reopen on Sunday, while the spot market stays open 24/7.

That discrepancy contribute to the well-known “CME gaps,” the empty price area between Friday’s close and Sunday’s open, leaving institutions exposed to weekend price swings without the ability to hedge.

Experts say CME’s shift to always-on trading could reshape liquidity and trading dynamics across both institutional and retail crypto markets, especially around the weekends.

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“The most violent price swings happen precisely when institutional venues are dark,” said Bobby Ong, co-founder of CoinGecko. “CME’s move is a structural acknowledgment of what CoinGecko data has shown for years.”

He said liquidation cascades during the weekend were a “predictable consequence” of thin, fragmented liquidity, noting that “CME [is] finally closing that gap.”

Less dramatic moves

What this will essentially do is make trading more seamless between weekdays and weekends.

Adam Haeems, head of asset management at Tesseract Group, said the change “closes one of the last structural gaps between crypto-native markets and regulated derivatives infrastructure.”

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Institutional flows that pause on Friday and restart on Sunday will continue uninterrupted, reducing the risk and cost of holding positions through weekends. He added that weekend volatility has been “a direct consequence of this structural mismatch,” and continuous trading should help compress those price swings and narrow spreads.

However, this doesn’t guarantee a total reduction of massive swings; rather, price action will likely be more gradual.

Haeems cautioned that simply keeping the venue open doesn’t guarantee deep liquidity. “Institutional desks may not staff weekend risk-taking at the same intensity as weekdays,” he said. “The improvement will be real but gradual.”

For retail traders, the change may mean less dramatic Monday price action.

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“Tighter pricing and fewer of those jarring Monday-morning gap moves,” said Haeems. “The CME gap has historically filled more than 90% of the time — retail traders who track futures structure will notice that signal fading.”

Bitcoin as a macro risk proxy

Maxime Seiler, CEO of trading firm STS Digital, echoed that the change offers clear benefits to institutions, especially those wary of the forced liquidation mechanisms on crypto-native platforms.

“The ability to trade futures and options on CME without the risk of auto-deleveraging is a huge selling point,” he said.

He also pointed to a shift in how bitcoin may be used over weekends as a professional tool to hedge global risk events when other assets are not available to trade.

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“With other markets closed, bitcoin could increasingly function as a proxy for broader macro risk, pricing in global events in real time.”

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Crypto World

How Much Ethereum (ETH) Does He Actually Own?

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How Much Ethereum (ETH) Does He Actually Own?


Data from Arkham shows the majority of Buterin’s wealth remains tied directly to token price swings rather than diversified holdings.

Ethereum co-founder Vitalik Buterin holds more than 240,000 ETH, currently valued at approximately $467 million, according to blockchain intelligence platform Arkham’s investigation into his on-chain holdings.

The analysis established Buterin as the largest accessible individual holder of Ethereum, though institutional players and exchange wallets dominate the top rankings of ETH ownership.

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Buterin’s Portfolio Composition and Recent Transactions

The Arkham investigation, published on February 17, provided a detailed breakdown of Buterin’s known crypto assets. His Ethereum holdings have gradually declined over the years, from 662,810 ETH in December 2015, which represented 0.91% of the total supply, to the current 240,010 ETH, which now accounts for about 0.20% of all ETH in circulation.

This reduction stems from both periodic sales and the network’s inflationary supply increases over time. Beyond ETH, Buterin holds smaller positions in several tokens, including 10 billion WHITE worth about $1.16 million, 30 billion MOODENG tokens valued at about $442,000, and 869,509 KNC tokens.

His portfolio also includes roughly $11,000 in Tornado Cash’s TORN token, reflecting past usage of the privacy mixer for donations, including funds sent to Ukraine. Recent on-chain activity shows Buterin moving significant sums in alignment with his public commitments, including a 16,384 ETH withdrawal in late January 2026, worth around $43 million at current prices, to support open-source infrastructure development.

This followed his announcement that the Ethereum Foundation is entering a period of “mild austerity,” with Buterin personally assuming funding responsibilities for certain projects to ensure the Foundation’s long-term sustainability. Subsequent sales of around 2,961 ETH over three days in early February, valued at about $6.6 million, were routed through CoW Protocol using small swaps to minimize market impact.

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Arkham’s assessment of the broader Ethereum holder landscape revealed that institutions and exchanges occupy the top positions. For instance, the ETH2 beacon deposit contract holds over 60% of the total supply, with Binance, BlackRock, and Coinbase ranking among the largest entities.

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Notably, the single largest individual holder is Rain Lohmus, who possesses 250,000 ETH worth $786 million. However, these funds are inaccessible due to lost private keys, a situation Lohmus acknowledged publicly in 2023.

Wealth Trajectory and Philanthropic Focus

Buterin’s net worth has followed Ethereum’s volatile price history closely, given that ETH constitutes over 99% of his known portfolio. He briefly achieved billionaire status in 2021 when the token crossed $3,000, with his holdings peaking at $2.09 billion in November of that year.

Nonetheless, the subsequent bear market reduced his wealth by close to 75% by December 2022. In 2025, rising ETH prices again pushed his net worth above $1 billion during August’s all-time high near $5,000, though recent market corrections, which pushed ETH below $2,000, have brought valuations back to current levels.

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His wealth originated primarily from the 2014 Ethereum pre-sale, where 16.53% of the initial 72 million ETH supply was allocated to founders. A $100,000 Thiel Fellowship grant that same year allowed Buterin to leave the University of Waterloo and dedicate himself fully to Ethereum development.

Unlike many crypto founders who have accumulated substantial stakes in centralized companies, Buterin’s wealth remains almost entirely liquid and tied directly to the network he helped create.

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Trump’s Tariff Announcement Met With a Torrent of Criticism

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US Government, United States, Donald Trump

The tariffs imposed by US President Donald Trump and the 10% global tariff announced by Trump on Friday have drawn critical reactions from US lawmakers, Washington, DC-based think tanks and attorneys. 

US Senator Rand Paul said that the Trump tariffs are a tax increase on “working families and small businesses,” characterizing them as a net negative on the economy.

“Those tariffs weren’t about security — they were a tax on families and small businesses to bankroll a reckless trade war,” US Congressperson Ro Khanna said

US Government, United States, Donald Trump
Source: Rep. Ro Khanna

On Friday, the US Supreme Court (SCOTUS) struck down Trump’s authority to levy tariffs under the IEEPA, which Trump responded to by announcing new 10% global tariffs.

Scott Lincicome, Vice President of Cato’s Herbert A. Stiefel Center for Trade Policy Studies, a Washington DC-based think tank, was also critical of the tariffs. In comments shared with Cointelegraph, he said:

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“Even without IEEPA, other US laws and the Trump administration’s repeated promises all but ensure that much higher tariffs will remain the norm, damaging the economy and foreign relations in the process.”

Trump’s tariffs typically had a negative impact on crypto markets and other risk-on assets. However, crypto prices stayed relatively stable amid the most recent round of tariffs, with Bitcoin’s (BTC) price rising by about 3% after the announcement.  

US Government, United States, Donald Trump
The Total3 indicator, which tracks the market cap of the entire crypto market, excluding Bitcoin and Ether, barely moved following the tariff announcement. Source: TradingView

Related: Bitcoin ignores US Supreme Court Trump tariff strike amid talk of $150B refund

Trump announces an additional 10% tariff, but pro-crypto attorney says legal scope is limited

“Effective immediately, all national security tariffs, Section 232, and existing Section 301 tariffs, remain in place, and in full force and effect. Today, I will sign an order to impose a 10% global tariff,” Trump announced on Friday.

US Government, United States, Donald Trump
President Trump announces a 10% global tariff. Source: The White House

The new 10% global tariff will be imposed on top of already existing tariff rates, Trump added. However, the legal statutes Trump cited are limited in scope, according to pro-crypto attorney Adam Cochran.

“The law he is using only allows this to be on countries we have a deficit with, for a set period of 150 days, and at a capped percent,” he said.

Magazine: Harris’ unrealized gains tax could ‘tank markets’: Nansen’s Alex Svanevik, X Hall of Flame

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