CME to Offer 24/7 Crypto Futures in 2026

2Z Tokenomics Spark 65% Sell-Off | YieldBasis Merit Sale Hits $195M

Marco Manoppo & Karon Pangestu
October 03, 2025

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Good Morning.

CME will roll out 24/7 crypto futures in 2026, a move that reflects growing institutional demand for round-the-clock trading. The shift positions crypto as the natural entry point for nonstop markets and underscores CME’s expanding role in regulated digital asset derivatives.

In Today's Email:

What Matters: CME to Offer 24/7 Crypto Futures in 2026 🕛️
Founders Highlight: Forest Bai of Foresight Ventures 👨
Deal Flows: YieldBasis Merit Sale Hits $195M 💰️

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Narratives: Tokens with

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TOGETHER WITH

$0G: The Token That Powers Decentralized AI

The launch of the $0G token marked a defining moment for the project. It introduced the asset that now fuels and governs the world’s first decentralized AI operating system.

Today, the $0G token is live across 23 exchanges, including major platforms such as Binance, Kraken, and OKX, ensuring deep liquidity and global accessibility.
The $0G token is more than a medium of exchange. It gives holders a voice in governance, ensuring they can help shape protocol upgrades and system design.
It provides rewards for validators, storage providers, data availability nodes, and AI alignment operators who secure and scale the network.

$0G also directs funding toward ecosystem growth, developer tools, liquidity programs, and cross-industry integrations. Most importantly, it aligns incentives to make sure AI outputs remain transparent, ethical, and verifiable.

To reinforce long-term commitment, allocations for founders and backers will remain locked for twelve months after the token event, with gradual vesting over the next three years.

The 0G token is the backbone of the ecosystem and the key to unlocking a future where AI is scalable, trustless, and community-driven.

WHAT MATTERS

CME to Offer 24/7 Crypto Futures in 2026

State of play: CME Group announced it will move its cryptocurrency futures and options to 24/7 trading starting in early 2026, marking a major step toward nonstop global markets.

The decision follows record activity in CME’s crypto suite, which averaged 340,000 daily contracts in Q3 2025, worth $14.1B.
At a joint CFTC–SEC roundtable, CME’s Terry Duffy said “24/7 is coming” across finance, with crypto as the natural entry point.
Other exchange leaders agreed, highlighting tokenization as key to enabling 24/7 collateral movement.

Why it matters: CME going 24/7 is a major step in making crypto markets look more like TradFi.

Our take: Around-the-clock trading can deepen liquidity, yet it may also amplify volatility and push collateral systems to their limits.

For builders and investors: Prepare for tighter margins and faster cycles. The winners will be those who can handle nonstop collateral flows and risk management without burning out.

BUILDER-INVESTOR HIGHLIGHT

Forest Bai of Foresight Ventures

Intro: Forest Bai is the Co-Founder and Advisor of Foresight Ventures, a crypto fund focused on backing Web3 projects that embody an ethos of decentralization while moving crypto toward long-term, mainstream adoption.

Forest is also the Chairman of The Block.

Previous background: Forest studied at Tsinghua University.

The big idea: With extensive experience in finance and technology, Forest leads Foresight Ventures in identifying and supporting innovative blockchain projects and early-stage companies.

Take a peek at our referral reward at the bottom of this issue. Share this newsletter and receive our list of 500 crypto VC individuals 👇

INSIGHTS

2Z Tokenomics Spark 65% Sell-Off

The 2Z token collapsed over 65% on launch day after a shock supply overhang blindsided the market. While DoubleZero’s filings suggested around 700M tokens (7% of total supply) would circulate at launch, data show Yahoo Finance reported that nearly 3.5B tokens live, almost five times higher than expected.

The extra 2.7B tokens flooded liquidity and crushed price momentum.
The discrepancy highlights weak disclosure around vesting and unlock schedules.
Private sale investors who bought at $0.075 stood to gain over 2,000% at peak, but retail entrants faced immediate dilution.
Without clarity on how and why the supply expanded so drastically, confidence in the project’s tokenomics has eroded.
For a network that had built credibility with $28M in funding, top exchange listings, and even an SEC no-action letter, the messy supply mechanics have become the story.

DEAL FLOWS

YieldBasis Merit Sale Hits $195M

Deal flows soared this week - we saw $500M+ in deals 💼

Legion’s merit-based sale for YieldBasis closed with staggering demand, drawing $195M in deposits from 60,880 applicants, nearly 100x oversubscribed.

It marked Legion’s largest raise to date, with traffic overwhelming servers as participants rushed to secure allocations.
Applicants will be notified via email before the FCFS round opens on October 1 through both Kraken Launchpad and Legion.
Legion framed the sale as proof that compliant, open early-stage fundraising is gaining global traction.

Deal flows in the past week:

Drake Exchange, $1M Seed Round
Nolan, $2M Seed Round
BaseVol, $3M Seed Round
Flying Tulip, $200M Seed Round
Cheeze, Unknown $ Seed Round
Talus Labs, $10M Strategic Round
Ethena Labs, $30M Strategic Round
Novastro, $2M Public Token Sale
Tea Protocol, $3M Public Token Sale
Yield Basis, $195M Public Token Sale
Hela Labs, $2M Unknown Round
KGeN, $13.5M Unknown Round
Lava, $17.5M Unknown Round
xMoney, $21.5M Unknown Round

QUICK BITES

IBIT enters top 20 ETFs by assets.
Perp DEX monthly trading volume tops $1T for first time.
Australian Solana treasury buys over 200M PUMP tokens.
White House weighing candidates for multiple CFTC spots.
Kalshi will be on 'every major crypto app' in next 12 months.
Coinbase-backed pilot program hands out $12,000 in crypto.
CME to make crypto futures ‘always on’ with 24/7 trading in 2026.
Solana treasury Sharps Technology eyes $100M share buyback.
Memecoins lose their mojo as retail flocks to tokens touting utility.
Avalanche Treasury Co. strikes $675M merger deal to form AVAX DAT.

NOTEWORTHY READS & MEME

Cred’s read on On Dynamic Position Sizing
Nic Carter’s read on The stablecoin duopoly is ending
Xbt2025’s read on Hyperfinancialization and Game Theory

"with your credit card? you deposited onto a perps app with your credit card?"
— Buck (@BuckOnTwidder)
2:37 PM • Oct 2, 2025

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