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On May 31st, the Shenzhen Municipal Transportation Bureau released its April report on the operation and risks of the ride-hailing industry in Shenzhen. As of April 30, 2026, there were 26 ride-hailing platforms in Shenzhen, with 142,247 "Online Ride-Hailing Vehicle Transport Permits" and 394,872 "Shenzhen Taxi Driver Permits" issued. Data from various platforms shows that the average daily number of ride-hailing orders completed per vehicle in the city this month was approximately 13.01. The demand in Shenzhens ride-hailing market exhibits seasonal fluctuations, and the current market is generally saturated. Enterprises and individuals intending to engage in ride-hailing operations are strongly advised to fully understand relevant laws and regulations, conduct in-depth market research, objectively assess operating returns, and make rational and prudent investment and career decisions.On May 31, local time, US President Trump stated in an interview broadcast on Fox News on May 30 that the US and Iran were close to reaching a "very good deal." Trump also stated in the interview that they would get a "better deal," which should have been faster. However, Trump indicated that if a deal could not be reached, he would request the intervention of the "War Department" (i.e., the US Department of Defense). Trump stated that if he did not get what he wanted, "we will end it another way." Trump also stated that by signing an agreement, they could ensure navigation in the Strait of Hormuz, ensure Irans lack of nuclear weapons, and so on. When discussing the agreement with Iran, Trump emphasized that he was not in a hurry. "If youre in a hurry, you cant get a good deal."May 31 - According to Lighthouse Pro, as of May 31, the film "Love Letter to Grandma," produced by Damai Entertainment, has grossed 1.36572 billion yuan (including pre-sales), entering the top three of the 2026 box office chart.May 31 - According to the Japan Meteorological Agency, a magnitude 3.9 earthquake struck southern Amami, Kagoshima Prefecture, at approximately 10:58 a.m. on May 31. The maximum intensity was felt as 3, and the focal depth was 50 kilometers. There was no risk of a tsunami.May 31 – According to US sources on May 30, after the US Supreme Court ruled that the Trump administration had no right to impose higher tariffs on almost all trading partners, US companies have begun receiving tariff refunds. However, this process may be hampered by the Trump administrations planned appeal. The report states that the Trump administration indicated on May 29 that it plans to appeal a federal judges ruling. This ruling allows all importers who paid tariffs deemed invalid to apply for refunds, not just those who have filed lawsuits.

CME Group to Launch Options on Ethereum Futures Ahead of the Merge

Jimmy Khan

Aug 19, 2022 14:51

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Next month, the Chicago-based derivatives market CME Group intends to begin offering options for its Ethereum (ETH) futures contracts.


The business said it intends to provide the alternatives, each of which would cost 50 ETH, pending to regulatory approval, only days before the much-anticipated Merge update to the Ethereum network takes place.

Futures Contracts for ETH

Following regulatory clearance, the futures options are anticipated to begin trading on September 12 of this year. More precisely, since Ethereum options contracts function as contracts to purchase or sell ETH at a later time, they let investors wager on the price of ETH.


Overall, Ethereum futures are often used as a hedge against fluctuations in the price of ETH, the second-largest cryptocurrency in the world. Additionally, investors will have the opportunity to make predictions about the underlying trend of the asset and buy if they believe prices will increase or sell if they believe prices will decline. The CME CF Ether Dollar Reference Rate will be followed by the new contracts.


The CME Group, which comprises of the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and the Commodity Exchange, aims to sell options on Ethereum futures in addition to currently offering micro-sized options contracts and trading products for Bitcoin (BTC) options. The amount of the micro Bitcoin and Ethereum options is 10% of a BTC or ETH token, whereas the size of a Bitcoin futures contract is 5 BTC.


Trading in futures and options on futures is available via the CME Globex platform, trading in fixed income is available through BrokerTec, and trading in foreign currency is available through the EBS platform.

Growth in Trading Volume

The CME Group, which offers customers the ability to trade futures, options, and cash, stated that recent growth in its conventional and micro-sized Ether futures contracts has been tremendous. In fact, between June and July of this year, the average daily trading volume of ETH futures jumped by 7% while the price of micro ETH futures increased by 41%.


Furthermore, the company boasts that it operates CME Clearing, one of the top central counterparty clearing providers in the world, and that it offers the broadest range of global benchmark products across all significant asset classes based on interest rates, equity indices, foreign exchange, and agricultural products.


Tim McCourt, the organization's Global Head of Equity and FX Products, said that CME Group had transacted more than 1.8 million contracts so far. McCourt said, "Due to the imminent Ethereum Merge, the company anticipates seeing strong demand in the new options contracts."


McCourt further suggested that the rise in trade volume may be related to the Ethereum blockchain's impending switch to a proof-of-stake (PoS) consensus method.

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