The Administrator wishes to inform users of the CME CF Cryptocurrency Pricing Products that both the websites and API’s of some of the Constituent Exchanges from which the Administrator utilises orderbooks and transactions as input data to the calculation of the indices were inaccessible for a period today. This issue was caused by the widely used web security software provider Cloudflare suffering a network outage between 1344 and 1408 UTC.
The Administrator confirms that all CME CF Cryptocurrency Pricing Products were calculated in accordance with their respective methodologies during this time.
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A 3.5% CPI print, three hawkish FOMC dissents, and renewed Iran strikes drove a broad rebound across digital assets in July. Every CF Benchmarks index rose, fund flows turned positive at $409 million after eight weeks of outflows, and crypto diverged from tech as the Nasdaq fell 3.2%.

Mark Pilipczuk
Digital assets fell as a bloc while individual tokens pulled violently apart. Index moves stayed clustered even as constituent dispersion widened. Defensive factors failed to defend, stress sat in the long tail, and implied volatility gave up its event premium as funding dislocated at the front end.

Mark Pilipczuk
July's rally has stalled, with the Market factor flat at +0.02% and its four-week gain down to +0.48% from +7.13%. Momentum led a second straight week at +1.96%, its first back-to-back run since late May, while Growth reversed to +1.74% and Value fell to the bottom at -1.93%.

Mark Pilipczuk
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