Cardano’s $619M Scandal Centers on Allegations About Unclaimed ADA Moved Without Permission by Hoskinson

Just when Cardano, the decentralized blockchain platform, was seeing its native token ADA rising by 4.3% in the last 24 hours, a new controversy has emerged.

A new WTI futures contract, due in March 2024, began trading on the CME Group on Monday. The contract, which will be listed on the New York Mercantile Exchange, is the smallest increment of the price varying by $0.01, with a minimum price fluctuation of $10. It will also be available for electronic trading via CME ClearNet.

The contract is set to expire on the third Friday of the month prior to the March 2024 contract series, which will expire on Friday, January 19, 2024. It is tied to the "De facto" market price assessment at the time of CME futures contract code no. 997.

The introduction of the new WTI futures contract comes amid a period of high volatility in the energy markets. The Russian invasion of Ukraine has led to a surge in oil prices, which reached a 14-year high of $139 a barrel in March.

Despite the recent decline in oil prices, the new futures contract is expected to be in high demand from hedgers and speculators alike. Hedgers, such as energy companies, will use the contract to protect themselves against price movements, while speculators will use it to make bets on the future direction of oil prices.

The CME Group is also planning to launch a new heating oil futures contract in 2024, further expanding its offerings in the energy derivatives market.