Cantor Daily Research Highlights

Research evidence excerpt

Cantor Daily Research Highlights

nearly 1,600 unicorns now exists largely

outside public market access. The development reflects growing convergence between

prediction markets, private market infrastructure, and alternative financial data as platforms

increasingly position event-driven markets as complementary tools for price discovery and

market signaling.

Coinbase to Launch CFTC-Regulated “Perpetual-Style” Equity Index Futures. Coinbase

Derivatives announced plans to launch the first perpetual-style equity index futures listed

on a U.S.-regulated exchange beginning June 8, extending the perpetual futures structure

commonly used in crypto markets into regulated equity derivatives. The initial launch will

include four cash-settled thematic equity index contracts tied to AI, China, defense, and top

Nasdaq companies, with dynamic funding-rate mechanisms designed to keep futures prices

aligned with underlying indexes. Coinbase stated the products are intended to provide capital-

efficient, around-the-clock thematic equity exposure within a CFTC-regulated framework,

offering an alternative to combining ETFs, options, and traditional futures to replicate similar

exposure. The launch reflects continued convergence between crypto-native market structures

and traditional financial products as exchanges increasingly adapt perpetual-style trading

mechanics for broader institutional and retail derivatives markets.

Wintermute Launches “Armitage” DeFi Vault Curation Business on Morpho. Wintermute

(private) announced the launch of Armitage, a new DeFi vault curation business designed to

bring institutional-grade trading infrastructure, risk management, and liquidation capabilities

to decentralized lending markets. The first two Armitage vaults will launch on Morpho and