future

The U.S. Commodity Futures Trading Commission (CFTC) stated that fund managers reduced their net long positions in S&P 500 futures to the lowest level since last week.

According to Gate market data, the Nasdaq futures rose by 1%, and the S&P 500 index and Dow futures increased by more than 0.9%.

U.S. short-term interest rate futures fell after the inflation data was released, as the market increased bets on a rate hike by the Federal Reserve in September.

Bitcoin News posted on platform X that after the CFTC approved Kalshi's Bitcoin perpetual contracts as futures products, traders face uncertainty on how to report gains to the IRS.If the product is classified as a regulated futures contract under Section 1256 of the U.S. Tax Code, related gains are typically treated as 60% long-term capital gains and 40% short-term capital gains, regardless of the holding period. CME believes that Kalshi's perpetual contracts are actually swaps, which are explicitly not covered under Section 1256. The CFTC's classification supports the view that it is a futures product, but does not bind the IRS; the tax treatment remains uncertain until the IRS, Congress, or the courts directly address Bitcoin perpetual contracts.

According to The Wall Street Journal, Kalshi plans to seek regulatory approval to offer regulated perpetual futures linked to individual stocks such as Tesla, Apple, and Nvidia.

According to Gate market data, the decline in U.S. stock index futures has widened, with Nasdaq futures down 1% and S&P 500 index futures down 0.3%.

Coinbase announced that it has collaborated with Stanford University cryptography professor Dan Boneh and Localhost Research to hold a closed-door "Post-Quantum Bitcoin Workshop" at Stanford University, gathering Bitcoin developers, cryptography experts, researchers, institutional custodians, and hardware wallet specialists to discuss the technologies and migration plans for Bitcoin to address future quantum computing threats.The workshop focused on assessing the progress of quantum computing, post-quantum cryptography, and various post-quantum signature schemes applicable to Bitcoin, as well as discussing Ethereum's anti-quantum planning, the practical requirements faced by institutional custody businesses, and how to introduce post-quantum security mechanisms for Bitcoin through new output types. Participants believed that rather than predicting when quantum computing will pose a real threat to existing cryptographic systems, it is more important to establish well-tested response plans in advance.Quantum computing does not currently pose an urgent crisis, but the earlier research and coordination begin, the better we can avoid hasty network upgrades and asset migrations under pressure in the future. However, there is currently no consensus on a single post-quantum solution. Different solutions involve trade-offs in terms of security, transaction data size, hardware performance, key management, and the difficulty of user migration. Participants felt that Bitcoin's anti-quantum measures cannot rely solely on protocol layer upgrades, but must also consider how individual users, institutional custodians, wallets, and hardware devices generate, store, back up, and migrate keys and assets.

Gate Europe CEO Dr. Giovanni Cunti stated in a LinkedIn post that financial markets are becoming increasingly interconnected, with digital assets, stablecoins, and tokenized assets merging with traditional finance, reshaping the pathways for cross-border capital flow. The core of liquidity is no longer just depth and trading volume, but also the efficiency of capital circulation and the ability to access it instantly.He emphasized that future liquidity not only means more capital but also aims to make capital flow more easily and be accessed more efficiently, achieving better connections between different markets. Broad market access can break the fragmentation of liquidity and enhance the efficiency of capital operations. As stablecoins accelerate payment settlements and tokenization introduces new assets, the focus is on promoting seamless collaboration across all links.Relying on the compliance foundation of the MiCA and payment institution PI dual licensing system, Gate Europe has established highly regulated operational standards to enhance the confidence of institutions, enterprises, and investors with a clear regulatory framework. He pointed out that Europe is advancing digital asset innovation alongside regulatory compliance. Gate Europe stated that it will continue to empower this transformation and work with industry partners to shape the future together.

The Hong Kong Securities and Futures Commission has listed "Jingang Fund/Jingang Coin Issuance Limited" as an unlicensed company. This entity previously claimed to have an address in Hong Kong and provided a Hong Kong phone number.The entity is suspected of conducting unlicensed activities in Hong Kong and targeting Hong Kong investors for promotion, but it has not been licensed or registered with the Securities and Futures Commission to conduct regulated activities in Hong Kong under the Securities and Futures Ordinance. The Hong Kong Securities and Futures Commission pointed out that the entity must not engage in any regulated activities in Hong Kong or actively promote its services to the public in Hong Kong (whether within or outside Hong Kong).

Cronos CEO Ryan Wyatt posted on the X platform that the team will announce the eligibility rules for its network token launch platform project on Crypto.com this week.The Cronos app will go live in 10 days, and the tokenomics proposal aims to use 100% of the app's revenue for the buyback and destruction of CRO.

Future Asset Securities analyst Kim Young-gun stated that the expansion of Samsung Electronics' HBM shipments for AI applications is expected to offset the impact of the slowdown in growth of general-purpose memory chips next year. It is anticipated that Samsung Electronics' HBM shipment capacity and average selling price will soar by 57% and 49% respectively by 2027, expected to surpass the projected growth rates of 16% and 20% for general-purpose memory chips.Future Asset expects Samsung's earnings to be weighed down by the strengthening of the Korean won against the US dollar, but overall, it will remain robust. The agency has lowered its operating profit forecast for Samsung in 2026 by 5.7% to 370.057 trillion won and reduced it by 4.2% to 535.682 trillion won for 2027.

Fomo co-founder Se Yong posted on platform X stating "nfts are back" and included two images of NFTs. He also commented, "Some people like to buy watches with profits, but personally, I prefer digital products."

Ethereum co-founder Vitalik Buterin stated that the Poseidon hash function series, developed over many years, has generated significant practical value in Ethereum and other fields, and will continue to play a role in the coming years.Modern privacy protocols can quickly generate SNARK proofs on the client side, and Poseidon is one of the important reasons for this. Vitalik pointed out that today's general-purpose STARK has achieved extremely high performance, with the proof overhead for almost any batch computation reduced to three-digit levels, and it is expected to further drop to two-digit levels or even lower in the future, a development that has even exceeded expectations from the early 2020s.

Vitalik Buterin stated that recent discussions around transaction formats, including EIP-8141, the "future state" proposal, UTXO, PBT, key-controlled randomness, and recursive STARK memory pools, have helped the Ethereum community better understand the concepts of "actions" and "dependencies" in transactions. Dependencies can be processed in parallel, and some dependencies that do not require state access can be validated at the memory pool layer, potentially further compressing execution and data costs through STARK.Vitalik believes that Ethereum's future scalability needs to strike a balance between a dynamically flexible execution model and a more easily statically analyzable constrained model, providing lower gas costs for transactions and state access that can be statically analyzed. If EIP-8141 is designed properly, it will not only be a milestone achievement in a decade of account abstraction work but also prepare for decentralized-friendly large-scale scalability in the coming years.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is approaching the threshold for a bullish market state. In the past 24 hours, the price has increased by 3.9%, and open contracts have risen by 11,200 BTC (+3.4%), indicating that this round of increase is accompanied by a rapid expansion of futures leverage, with new leverage being the main driving force rather than short covering.Bitcoin has directly touched the threshold of the bullish model but has not yet been officially confirmed. The key signal is that the daily closing price stands above the model's dynamic threshold. If the price can hold this level after the transition and the accumulated futures leverage does not experience severe liquidation, the signal will be more sustainable. The main risk is that a rapid unwinding of leverage could lead to a reversal of the upward trend.

The prediction market platform Polymarket officially launches perpetual futures trading, covering cryptocurrencies, stocks, indices, and commodities, with a maximum leverage of 20 times.

According to Ai Yi's monitoring, the top spot on the Binance contract real smart money 30-day leaderboard has changed hands, with trader Semisemi earning over 10.78 million USD in the past 30 days. Among them, the BTC long position has realized profits of over 8.06 million USD, and the ETH long position has realized profits of over 3.91 million USD, with the main earnings contributed by BTC and ETH trading.Currently, Semisemi still holds BTC and ETH long positions worth 95.59 million USD, with a total unrealized loss of approximately 1.885 million USD.

According to Bitcoin.com, Fidelity Digital Assets has released an analysis report indicating that future quantum computers may derive Bitcoin private keys from exposed public keys, threatening asset security. Existing Bitcoin transactions rely on elliptic curve digital signature algorithms or Schnorr signatures, and sufficiently powerful quantum computers running Shor's algorithm could break this cryptographic assumption.The report evaluates the SHRINCS post-quantum signature scheme as a potential upgrade path—providing a compact 48-byte public key, with state signature sizes ranging from 548 to 4,619 bytes, and a 5,777-byte stateless fallback path to address state loss. However, quantum-resistant signatures will significantly increase transaction data size, consume more block space, reduce network throughput, and drive up transaction fees during congestion. Implementing such upgrades will require new consensus rules (possibly through a soft fork) and broad support from wallets, miners, exchanges, and custodians. In July of this year, Fidelity co-funded a $15 million Bitcoin security program with eight other institutions, covering anti-quantum research.

The Japanese listed company Remixpoint disclosed that to promote the selection and concentration of its investment portfolio, it has sold all of its holdings in altcoins. In the future, it will focus its holdings and operations on a single asset, Bitcoin.As of the end of August, the company held approximately 14.92 BTC (about $1.0258 million), with ETH staked at about $68,400 and SOL staked at about $118,500. The sold assets included 901 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE, with a total sale amount of approximately $5.5 million and total profits of about $736,800.