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.
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
Digital assets advanced over the past week amid signs of caution. XRP rose 7.4%, outshining BTC's +5.8% and ETH's +5.5%. Volatility stabilized, with the BVXS implied vol. gauge +0.57 of a point and realized vol. +2.90. Key CF DACS averages rose, and CF BIRC funding rates were mostly steady.

CF Benchmarks
The Administrator can now confirm it will implement all proposed changes to the CME CF Bitcoin Volatility Index - Settlement methodology.

CF Benchmarks
The market rallied 4.7% on the week, extending April gains to 10.4%. Size leads non-market factors, up 2.4%. Growth and momentum remain the clear laggards, with growth now down 6.9% YTD.

Mark Pilipczuk
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