CME Group launched two new multi-asset cryptocurrency benchmarks on Monday, including the CME CF Emerging Crypto Index and the CME CF Crypto Market Index. ^[1] The CME CF Emerging Crypto Index explicitly excludes Bitcoin and Ether, whereas the companion CME CF Crypto Market Index includes both assets alongside the same 10 others. ^[2] The CME CF Emerging Crypto Index tracks 10 specific assets: BNB, XRP, SOL, HYPE, LINK, Lumens, SUI, UNI, AVAX, and AAVE. ^[3] AAVE is trading at $127.71, holding a textbook bullish trend structure with major moving averages (7, 20, 50, and 200-day SMAs) stacked below at $125.61, $114.30, $101.32, and $96.75 respectively. ^[4] The author assigns a 45% probability to a bear case where a daily close below $122.98 triggers a drop to $118.24 strong support. ^[5] The author assigns a 55% probability to a bull case where AAVE breaks above $133.97 to reach $140.22 within 7 to 10 days. ^[6] The MACD histogram printed exactly zero, indicating that while the trend engine is running, acceleration has flatlined. ^[7] The emerging index methodology requires access to custody, excludes meme coins, and applies a protocol-usage screen based on total value locked relative to full market capitalization. ^[8]