Cake DeFi, an innovative fintech platform that leverages the benefits of decentralized finance, has added Ethereum staking to its growing list of DeFi services. The Singaporean company announced the addition of the new feature on September 6, 2022. The feature is complemented by a tradable token on the open market, which will offer ETH stakers access to liquidity.
As one of the fastest-growing DeFi companies in Asia, Cake DeFi offers easy access to decentralized finance. Its latest feature comes at the right time, a few weeks after the hugely important “Ethereum Merge”. It offers a 5% staking yield on ETH.
New opportunities for crypto investors
The long-awaited Ethereum Merge was concluded in September, meaning that the network has fully transitioned from a Proof-of-Work to a Proof-of-Stake consensus mechanism. This implies that validators can now stake their cryptocurrency into a long-term deposit contract for rewards.
Undoubtedly, the Ethereum Merge has created opportunities for retail investors too. They can now lock their ETH for the opportunity to validate transactions and earn rewards for their contributions. However, investors will have to wait for the Shanghai upgrade before they can unstake their assets. Cake DeFi have found a way around this limitation by allowing users to essentially unstake their ETH with a token that’s tradable in the open market.
Creating opportunities and improving decentralization
In addition to joining the ranks of ETH staking service providers, Cake DeFi has made a relevant move to promote the decentralization of the Ethereum network. Binance, Coinbase, Kraken, and Lido are the top staking platforms for ETH, and they control more than 50% of the stake on the network. These platforms have their nodes mostly based in the United States and Europe.
Cake DeFi has done something entirely different. Its nodes are based in Singapore, reducing the concentration of Ethereum validator nodes in North America and Europe. By enhancing the decentralization of Ethereum, the platform is encouraging developers and investors from every part of the world to step up their game as well.
Speaking about the latest feature, Cake DeFi’s Co-Founder and CEO, Julian Hosp, said:
“ETH Staking is the latest addition to our popular Staking service. We made a deliberate decision to host our own nodes in Singapore. At the moment, Ethereum nodes are mostly concentrated in North America and Europe. Hosting our own Singapore-based nodes will boost the confidence of investors and developers in the region and support the spirit of decentralization. Many exchanges and platforms are not offering ETH unstaking until the Shanghai upgrade but it was important for us to provide utility to our ETH stakers, which will be achieved via an open market”.
Wrapping up
Cake DeFi has not just introduced ETH staking – it did so in a well thought out manner. In addition to an impressive 5% annual yield, its ETH staking will be auto-compounded every 12 hours. ETH stakers will also be able to effectively unstake before others, thanks to an upcoming tradable token that will be available on the open market.
Ethereum staking is widely regarded as one of the most popular passive income-generating opportunities in crypto. By staking their ETH, investors can look forward to earning up to 5.2% APR in exchange for putting their funds toward securing the network and transaction validation.
In this article, we will explain how you can stake ETH on the Binance Staking platform, clarify what is BETH, and briefly describe what Ethereum 2.0 entails.
On September 15, Ethereum switched from the energy-intensive Proof-of-Work (PoW) consensus mechanism to a much more efficient Proof-of-Stake (PoS) algorithm. The historic upgrade, called the Merge, not only brought significant efficiency improvements compared to PoW (up to 99.95%, according to Ethereum Foundation) but also set the stage for future Ethereum upgrades that will improve the network’s throughput from the current 30 transactions per second (TPS) to 100,000 TPS once Ethereum is fully developed.
There are four major upgrade phases scheduled for after the Merge, which will primarily focus on scalability improvements. That shouldn’t come as any surprise, as Ethereum co-founder Vitalik Buretin himself recently admitted that scalability is the biggest challenge facing the crypto industry in the coming months and years. Once the four upgrades are implemented, the deployment of the Ethereum platform will be considered fully complete.
Here is a list of post-Merge upgrades that are slated to go online in the coming years:
The Surge
Slated to go online in 2023, the Surge is expected to introduce sharding, a blockchain feature that splits the entire network into smaller parts (called shards), enabling better scalability and more efficient network operations. While not the official naming scheme, many people in the community see the deployment of the Merge and subsequent rollout of the Surge as the completion of the Ethereum 2.0 development cycle that started with the launch of Beacon Chain in December 2020.
The Verge
The next major upgrade is the Verge. It will bring so-called “verkle trees”, which is a significant improvement over Merkle proofs. The Verge is expected to decrease Ethereum’s reliance on powerful computer hardware, making the network more decentralized.
The Purge
The third on the list of major upgrades awaiting Ethereum is the Purge. Aptly named, the Purge will decrease the size of the Ethereum public ledger, or better said, decrease the hard drive space needed to store it. This upgrade is also expected to increase the network’s decentralization and make it easier for regular users to run Ethereum nodes.
The Splurge
The final upgrade, which will mark the full deployment of the Ethereum platform, called the Splurge, will bring a number of features aimed at increasing the platform’s security, and otherwise optimizing the network.
For more information about each upgrade, you can check out the detailed Ethereum development roadmap, shared by Buterin in late 2021.
Happy birthday beacon chain!
Here's an updated roadmap diagram for where Ethereum protocol development is at and what's coming in what order.
(I'm sure this is missing a lot, as all diagrams are, but it covers a lot of the important stuff!) pic.twitter.com/puWP7hwDlx
Ethereum Staking refers to the practice of depositing Ether into the ETH 2.0 smart contract for the purposes of powering the Proof-of-Stake consensus algorithm.
Sparring in-depth technical details, Proof-of-Stake is a type of consensus mechanism that randomly selects users staking a particular blockchain’s native asset (ETH in the case of Ethereum) as network validators. While the process is not exactly completely random, but rather takes into account each user’s stake amount, it is still considered more democratic than Proof-of-Work, where regular users have virtually no chance of competing against multi-million dollar mining farms.
Similar to PoW systems, where miners reap mining rewards associated with transaction validation and new blockchain block production, PoS network validators earn a share of transaction fees associated with the block they were chosen to validate.
Setting up one’s own node requires a lot of work and a minimum of 32 ETH (approx. $42,000 at current market rates) to be used as an individual stake, which essentially means the average Joe can’t take advantage of Ethereum staking’s passive income benefits.
In addition, the deposited ETH is locked up, meaning that the funds will remain non-withdrawable until the Shangai update goes live (expected in early 2023).
However, several cryptocurrency staking platforms, like Lido and Binance, provide an option for users to pool their funds, with every pool participant being eligible to earn a proportional share of ETH staking rewards. Such platforms use deposited ETH to run a large number of validators, thus increasing the chances of earning PoS rewards, which are then shared among customers.
What Are the Benefits of Binance ETH 2.0 Staking
Binance ETH 2.0 Staking allows users to participate in Ethereum staking with as little as 0.0001 ETH and earn up to 5.20% APR. Once ETH is staked through the Binance Staking platform, users receive a corresponding amount of BETH at a 1:1 ratio. BETH, a tokenized asset representing your staked ETH, deposited in users’ Binance Spot accounts is used to calculate ETH staking rewards.
Compared to the “regular” way of staking 32 ETH to activate validator software, Binance’s staking solution is easier to use and requires a much lower initial investment. Perhaps even more importantly, users can retain much of locked ETH liquidity thanks to BETH.
It is worth noting that BETH acquired through spot markets and via the staking service are treated the same, with both options granting their users the ability to earn ETH 2.0 staking rewards.
Last but not least, ETH staked though Binance will remain locked up for the next 6-12 months, until the Shangai upgrade, which will unlock ETH deposited in the ETH 2.0 smart contract, goes live.
How to stake ETH and earn Ethereum 2.0 rewards on Binance?
Staking ETH via Binance is really straightforward – the whole process takes just a couple of clicks. Before you get started, you first need to login into your verified Binance account. If you have not yet registered an account on Binance, but want to partake in ETH staking, you can do so by clicking the button below.
Step 1 – Navigate to ETH 2.0 offering via the Earn tab
After logging into your Binance account, click on the Earn drop-down menu on the homepage. Proceed by clicking on the ETH 2.0 option in the bottom right corner of the menu.
Step 2 – Enter your ETH stake amount and receive BETH
When on the ETH 2.0 Staking page, click on the Stake Now button located at the top of the screen. This will take you to a dedicated window where the exact stake amount, along with interest rate and BETH distribution data, is displayed. After you’ve entered the preferred stake amount, you are free to finalize the order by clicking Confirm.
Closing thoughts
Ethereum staking is one of the more popular ways to generate income with existing crypto funds, especially for long-term holders who have already decided they won’t be parting ways with their ETH for at least a couple of years. As of this writing, there is more than $18.6 billion worth of Ether (more than 10% of all circulating supply) deposited into the Eth2 smart contract, indicating a high degree of investors’ interest.
Binance Staking is one of the easier outlets to tap into Ethereum 2.0 staking rewards and join countless others in generating passive income while maintaining security and transaction validity on the world’s largest smart contract networks.
Bitcoin dropped from last week’s high above $22,000 to the 18,000 price level on Monday
The total cryptocurrency market cap shed $200 billion in the past seven days
The reason for the sell-off lies primarily in the upcoming rate hike, which could see the Fed resort to a multi-decade high rate increase
Bitcoin and Ethereum drop to their respective multi-month lows
The combined value of all digital assets in circulation decreased by more than $200 billion in the past week, leading to most coins recording double-digit losses in the time period – Bitcoin lost roughly 15% and revisited its June lows, while Ethereum lost over 24% and hit a two month low of roughly $1,330.
Bitcoin and Ethereum were far from being the only crypto assets to suffer from the broader negative market trend. In total, just 5 out of the top 100 cryptocurrencies have been trading in the green zone in the past 24 hours.
The activity in traditional markets closely resembled what has been going on in the crypto sector, with S&P 500 losing nearly 6% in the past five days. As the drop in the value of the leading US stock index suggests, several major US corporations took a hit in the past week. Microsoft stock (MSFT) lost -7.9% in the past five days, Amazon (AMZN) -7.8%, and Apple (AAPL) -5.5%.
Investors anxiously await the FOMC meeting slated for September 21
Arguably the primary reason for the drop in the value of digital and traditional assets is the upcoming interest rate hike. Judging by the August inflation data, which showed a month-over-month increase in CPI, there is growing sentiment among investors that the Fed could decide to increase the federal funds rate by 100 basis points at the next FOMC meeting on September 21. However, it is worth noting that most projections forecast a third consecutive 75 bps hike, which would bring the Fed rate to 3.00% – 3.25%.
For context, the last time the Federal Reserve resorted to a full percentage point rate hike was in 1979, when then-Fed chairman Paul Volcker raised the rates from 11% to 12%.
According to a recent Financial Times report, the Fed could keep interest rates above 4% beyond 2023. Interestingly, 66% of economists polled in the report believe the US central bank will increase interest rates to 4-5%, while nearly a fifth of all respondents think restrictive monetary policy will push interest rates to 5-6%.
At 06:43 (UTC) on Sept. 15, 2022, Ethereum completed its merge at the block height of 15,537,393 and officially switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mining era.
At the same time, Ethereum had officially hard forked from Ethereum, retaining the PoW consensus. As the network token ETHW of the Ethereum forked chain, it has been actively opened for deposit and trading by various mainstream trading platforms.
At 15:20 on Sept. 15, MEXC opened ETHW deposits, which is the first cryptocurrency trading platform on the entire network to open ETHW deposits. According to the calculation of the ETHW deposit, only 49 blocks are needed to complete the deposit process, which is currently the fastest account deposit speed among trading platforms.
MEXC X ETHW
According to CoinGecko data, the real-time price of ETHW is 13.01 Tether (USDT), and the 24-hour trading volume reached $74.05 million. Compared with mainstream trading platforms, the comprehensive indicators of MEXC, FTX and Bybit are among the top three from the perspective of trading volume, depth and price difference. From the trading page of ETHW on MEXC, the absolute value of the price difference between bid buy and ask price is only 0.002, which is the smallest, and the trading volume and depth indicators perform better.
MEXC X ETHW/USDT
In fact, MEXC is not only the fastest platform to open ETHW deposits within a single day but also the first to announce its support for the Ethereum 2.0 mainnet Merge and the first to list Ethereum’s potential forked chain tokens.
According to MEXC’s announcement, MEXC has been supporting the trading of the “potential forked token ETHW” as early as Aug. 5. Currently, the token can be exchanged for ETHW, the real Ethereum network token. At the same time, the real Ethereum network token ETHW obtained outside the trading platform can also be deposited on MEXC for trading purposes.
It is understood that MEXC is a world-leading user-friendly cryptocurrency trading platform, providing one-stop services for trading spot, leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, etc. With over 7 million users worldwide, MEXC is also the cryptocurrency trading platform that owns the fastest launch of popular projects on the entire network and the most abundant tradable categories.
Also, according to CoinGecko data, MEXC currently supports more than 1,500 cryptocurrencies for spot trading, more than 120 cryptocurrency futures trading and more than 300 cryptocurrencies for leveraged ETF trading.
Ethereum has transitioned from Proof-of-Work to Proof-of-Stake following a successful Merge
Thanks to the PoS transition, the Ethereum network will reduce its carbon footprint by 99.95%
The Merge sets the stage for future Ethereum upgrades that will bring massive scalability improvements and enable the network to facilitate up to 100,000 TPS
Proof-of-Work is no more as Ethereum transitions to 99.95% more efficient Proof-of-Stake
It finally happened – earlier today, at 06:42:42 UTC, to be exact, the Ethereum mainnet successfully merged with the Proof-of-Stake (PoS) Beacon Chain, marking arguably the biggest upgrade in crypto history. Starting today and going forward, Ethereum will use the PoS algorithm to reach a consensus about the state of the decentralized ledger.
Celebrating the successful Merge, Ethereum co-founder Vitalik Buterin congratulated “everyone who helped make the Merge happen” and added that he feels “very proud today”.
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
While the Merge itself won’t impact how users interact with Ethereum, or bring any notable scalability upgrades, the update sets the stage for post-Merge upgrades, which will bring considerable improvements to how transactions are handled, ultimately resulting in a blockchain that can process up to 100,000 transactions per second (TPS).
One of the most notable improvements of the post-Merge Ethereum is the fact that the network won’t have to rely anymore on Proof-of-Work (PoW) miners and will instead depend on network validators for security and new block production. Thanks to the massive shift in how the network is being run, Ethereum will spend 99.95% less energy while sacrificing no functionality, according to the Ethereum Foundation.
The finalization of the Merge marks the first step on a five-phase long roadmap that will culminate with the Splurge and the full launch of Ethereum 2.0.
The next step on the Ethereum roadmap is the Surge, an upgrade that will bring sharding and introduce notable scalability improvements. Ethereum devs estimate the Surge will roll out in 2023-2024.
For more information about the upcoming Ethereum upgrades, check the detailed roadmap below.
Ethereum 2.0 roadmap. Image source: Ethereum Foundation
Google has integrated a feature that is counting down the hours until the Ethereum Merge
The handy feature can be accessed by searching for Merge-related keywords through the Google search engine
The Merge will likely take place later this week – more precisely, on September 15 at around 11:30 AM (UTC)
Google joins the Ethereum Merge hype
US internet giant Google has rolled out a feature that lets users track the hours and minutes from the Merge, a highly anticipated crypto update that will see Ethereum transition from using Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.
To try out the new feature, simply use Google to search for “merge”, “ethereum merge”, and similar keywords. You should be greeted with the following panel at the top of Google’s Search Engine Results Page (SERP).
Image source: Google
The countdown currently predicts that the Ethereum Merge will occur on Thursday, September 15 at 11:30 AM UTC. It is worth noting, however, that the actual date could end up being different, due to the constantly changing Terminal Total Difficulty, which acts as a trigger for the Merge.
For reference, both Ethereum developer Tim Beiko and Ethereum co-founder Vital Buterin have recently revealed that the Merge will most likely take place on September 15.
Regular Ethereum users and holders have nothing to worry about the upcoming PoS update, as both the ETH token and regular network operations won’t be impacted in any meaningful way.
The update will change the consensus mechanism that the Ethereum blockchain uses to reach a consensus about the state of the ledger. Also, Ethereum miners will be substituted with validators, who will be responsible for transaction validation and new block production starting with the Merge.
For more information about the Merge, please check our list of top 5 Ethereum Merge myths, or take a look at our latest article from the Coins to Watch series.
The price of Ethereum’s native token improved by more than 12% in the past seven days, hitting a three-week high of $1,807 on Sunday.
Bellatrix hard fork has gone live on Beacon Chain, preparing the PoS blockchain for the Merge
Bellatrix was the last upgrade before Ethereum transitions from being a Proof-of-Work to being a Proof-of-Stake network later this month
Vitalik Buterin revealed that the Merge is expected to take place “around” September 13–15
The last upgrade before the Merge was successfully deployed
Earlier today, the last hurdle before the Ethereum Merge slated for later this month was overcome with the activation of the Bellatrix hard fork on the Beacon Chain.
Beacon Chain is a Proof-of-Stake (PoS) blockchain launched in late 2020 that is slated to merge with the Ethereum mainnet in mid-September and facilitate Ethereum’s transition from a Proof-of-Work (PoW) to a PoS consensus mechanism.
The goal of the Bellatrix hard fork is to enable ETH validators to start producing updated Beacon Chain blocks, which will allow for the codebase merge of PoW and PoS layers.
Ethereum co-founder and lead developer Vitalik Buterin shared the news about the Bellatrix upgrade on Twitter.
The merge is still expected to happen around Sep 13-15. What's happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though – make sure to update your clients!
According to Buterin, the Merge is “expected” to take place between September 13–15, once the terminal total difficulty (TTD) reaches 58750000000000000000000.
Ethereum’s transition to PoS, arguably the most important blockchain update in the history of crypto, will change the way Ethereum transactions are processed and eliminate the demand for ETH miners to reach a consensus about the state of the blockchain.
The price of ETH increased by +4.7% in the last 24 hours, reaching its two-week high of $1,678. The world’s second-largest crypto in terms of market capitalization could see a substantial rally following the Merge, according to our automatic ETH price predictions.
Despite an incredible amount of publicity and being one of the most quintessential upgrades in the history of crypto, the Ethereum Merge is still poorly understood among the general crypto crowd. Many believe that The Merge – a blockchain upgrade that will see Ethereum transition to being an exclusively Proof-of-Stake (PoS) network – will bring forth better scalability, reduce fees, and enhance the Ethereum network in various other ways. The truth is, The Merge won’t do any of these things, at least not initially. Instead, The Merge will lay the groundwork for future Ethereum upgrades that will drastically improve scalability, transaction speeds, and transaction costs.
Before diving further into popular myths surrounding the highly anticipated upgrade, let’s first explain what The Merge is and when we can expect it.
What is the Ethereum Merge?
The Merge is the name of a network upgrade that will see the Ethereum Proof-of-Work (PoW) mainnet merge (hence the name) with the PoS-powered Beacon Chain, a blockchain launched in late 2020 as a stepping stone supporting the mainnet PoS transition. If you want to learn more about The Merge, please check the following video published by the DeFi-focused YouTube channel Finematics.
Once The Merge is fully integrated, Ethereum will cease to rely on a network of miners for network security, transaction validation, and new block production. Instead, the general upkeep of the network will be managed by Ethereum validators who will stake their ETH holdings in exchange for staking rewards.
While the change of the mainnet’s underlying consensus algorithm is a very big deal, that change won’t have much impact on regular users, who might be using the Ethereum network to tap into various decentralized finance (DeFi) products and services, trade non-fungible tokens (NFTs), or engage in a variety of other on-chain activities supported by Ethereum.
When will the Ethereum Merge take place?
The exact date of The Merge is hard to pinpoint due to the varying difficulty of mining new blocks. The Ethereum foundation posted the terminal total difficulty that will trigger The Merge, expected to occur later this month, between September 10-20.
It is worth noting that prominent Ethereum developer Time Beiko recently highlighted September 15 as the most likely Merge date.
.@Ethereum’s transition to proof-of-stake is happening 🎉
Client releases are out – update your node! First part of The Merge, Bellatrix, happens on Sept 6. Full transition ETA: Sept 15. Mark your calendar 📆! https://t.co/X0DKUmcZHJ
With the brief introduction of The Merge out of the way, let’s proceed to the top five myths surrounding Ethereum’s upcoming network upgrade.
1. It’ll reduce gas fees
While network congestion leading to high transaction costs is one of the most pressing issues facing Ethereum, The Merge won’t help alleviate this problem. The gas fee, a cost for using the Ethereum network, will stay the same after the September upgrade. The first major improvement in the network’s throughput will go online during The Surge, the next upgrade phase in Ethereum’s development cycle.
2. It’ll increase transaction speed
Similar to the first misconception on our list, transaction speeds won’t be affected (at least not in any meaningful way) by the change in the platform’s underlying consensus mechanism. Both gas fees and transaction speeds are a product of blockchain’s scalability, which The Merge won’t address directly. However, it is worth noting that after the upgrade, a new Ethereum block will be produced every 12 seconds, down from the current speed of 13.3 seconds, resulting in slightly faster transaction speeds.
3. It’ll make the network less secure
A common jab against The Merge is that it will decrease the platform’s overall security. If anything, the Ethereum network will likely be more resistant to malicious attacks post-Merge. Case in point, after The Merge, Ethereum will, for all intents and purposes, no longer be susceptible to 51% attacks. Anyone wanting to seize control of the Ethereum network and introduce protocol changes would have to control 51% of all ETH in circulation (currently valued at ~$97 billion).
4. Staked ETH will be accessible immediately after The Merge
The fourth myth on our list stems from the fact that many people equate Ethereum 2.0 and The Merge. Initially, Ethereum 2.0 was used as the name for the Ethereum network after the Proof-of-Stake transition. Later, the Ethereum Foundation decided that The Merge would be used for the PoW to PoS transition instead, and Ethereum 2.0 would come to represent a fully upgraded Ethereum, with sharding, Verkle tress, and so on. However, since many people seeThe Merge and Ethereum 2.0 as the same thing, they think that deposited ETH would be unlocked with the Merge upgrade.
That’s not the case. Investors depositing their ETH in the Eth2 smart contract, or via liquidity pools, such as LidoDAO, won’t’ be able to withdraw their ETH for at least a couple of years – more exactly, until the Shangai upgrade (the next major upgrade after The Merge) rolls out.
5. It’ll lead to a miner rebellion
Pehaps the most contentious and final myth on our list is rooted in the fact that the existing mining infrastructure will become obsolete after The Merge goes live. While it is easy to see why ETH miners would have a clear economic incentive to keep the network tethered to Proof-of-Work machinery, they have little leverage in making this happen.
If, for the sake of the argument, a group of miners would successfully pull off a hard fork of the existing PoW chain, the new network would have difficulty attracting users due to the lack of popular decentralized applications (dApps). Last but not least, the move to PoS was planned from the beginning, which means that ETH miners had known that mining operations would become obsolete sooner or later.
Wrapping up
The Merge represents the first out of the five planned Ethereum upgrade phases that will see Ethereum become a network capable of processing up to 100,000 transactions per second (TPS). The next phase, called The Surge, will introduce sharding and tackle the network’s scalability. In the meantime, Laye 2 solutions like Polygon and Optimism, remain the only viable options to increase the speed and lower the cost of Ethereum transactions. Hopefully, this article managed to clear up the most common misconceptions about the Ethereum Merge.
Chicago Mercantile Exchange Inc. (“CME”) has announced the expansion of its cryptocurrency product portfolio with the launch of euro-denominated Bitcoin and Ethereum futures. The two new crypto derivatives products have been cleared by the regulators and listed on CME on Monday.
Key takeaways:
According to the company’s press release, both Bitcoin Euro and Ether Euro futures contracts will be cash-settled following CME’s own BTC/EUR and ETH/EUR reference rates.
Bitcoin futures contracts will be sized at 5 BTC, whereas Ethereum futures will be sized at 50 ETH per contract.
“The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” noted Tim McCourt, Global Head of Equity and FX Products at CME Group.
The launch of regularly sized euro-denominated BTC and ETH futures follows CME’s announcement from earlier this month, when the derivatives giant revealed its plans to launch options on Ethereum futures in mid-September.
Chicago-based CME Group is the world’s largest financial derivatives exchange, with nearly $197 billion in total assets as of 2021. The firm enables investors to trade a wide range of asset classes, including agricultural products, currencies, energy, interest rates, metals, stock indexes, and crypto futures.
