Pyth launches 24/7 pricing indices for stocks and commodities

Pyth has launched Pyth Indices, which provide continuous 24/7 pricing for U.S. equities, oil, metals, and thematic baskets. The service targets expanding markets in tokenized real-world assets and perpetual trading.

The new indices were introduced on June 10. They offer round-the-clock data previously limited to standard trading hours. Launch partners include Coinbase, Kraken, dYdX, and Nado. These platforms will integrate the indices into their services. The move supports growth in tokenized assets and perpetual markets. Pyth described the indices as a direct response to demand for continuous pricing.

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Illustration depicting the launch of perpetual oil futures by ICE and OKX, featuring oil benchmarks and trading elements.
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ICE and OKX announce perpetual oil futures launch

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Intercontinental Exchange and OKX announced Friday they will launch perpetual futures contracts tied to Brent and WTI oil benchmarks. The products will be available to OKX users in licensed jurisdictions.

CME Group and ICE are pressing U.S. regulators to restrict Hyperliquid's offshore perpetual contracts tied to oil prices. The effort comes amid traditional exchanges' push into continuous trading, including CME's planned round-the-clock crypto futures launch.

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Inflation figures released this week surprised markets with hotter-than-expected readings, yet major stock indexes and cryptocurrency prices showed little lasting reaction.

A wave of cryptocurrency exchange initial public offerings in 2025 highlighted the sector's maturation, but recent setbacks reveal heavy dependence on Bitcoin's price movements. Gemini's post-IPO struggles and Kraken's frozen listing underscore vulnerabilities to market cycles. Exchanges must prove revenue stability beyond Bitcoin rallies to sustain investor interest.

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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, received U.S. Commodity Futures Trading Commission approval for a derivatives clearinghouse license. The approval enables the company to expand into regulated derivatives and prediction markets. Gemini shares rose about 7% following the announcement.

The CoinDesk 20 index declined 0.8 percent to 1975.1. Bittensor and Internet Computer led the losses among the tracked assets.

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The U.S. Securities and Exchange Commission has extended its review period for exchange-traded funds tied to prediction markets. These ETFs from Roundhill, Bitwise, and GraniteShares track odds on political races and economic indicators. The agency is seeking further clarity on their structure and disclosures.

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