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Risk-On Reloaded: Monetary Easing, Catch-up Trades, and the Tokenization Buildout

Crypto markets are entering a transformative phase in 2026, where regulatory clarity and monetary easing outweigh macro uncertainty. We expect a dovish Fed pivot counter to consensus, fostering lower real yields. Meanwhile, the CLARITY Act and broader adoption should drive our secular themes.

Gabriel Selby
Gabriel Selby

Gabriel Selby

17 mins read
Weekly Index Highlights, December 22, 2025

Crypto's year-end tape remained selective last week, with BTC up 0.9%, while other high-beta majors slipped. The Infrastructure Sub-Category was a major loser in our CF DACS taxonomy, -10.4%, while implied volatility firmed as realized cooled; and our USDT funding rate measure reset above 10%.

CF Benchmarks
CF Benchmarks

CF Benchmarks

6 mins read
Expansion of the CME CF Cryptocurrency Pricing Products Family to include Hedera, Bittensor and Aptos Reference Rates and Real-Time indices

The Administrator announces the addition of Hedera, Bittensor and Aptos Reference Rates and Real-Time indices to the CME CF Cryptocurrency Pricing Products Family.

CF Benchmarks
CF Benchmarks

CF Benchmarks

1 mins read