[Crypto-Style Derivatives Enter AI Computing Power Market, CME and ICE Futures Pending Approval] According to The Block, Bernstein stated that before the compliant computing power futures planned by CME Group and Intercontinental Exchange (ICE) receive approval, AI computing power derivatives adopting crypto market mechanisms have already launched. Offshore trading platform AX, under Architect, has introduced perpetual GPU futures, while Kalshi has launched GPU rental price event contracts regulated by the U.S. Commodity Futures Trading Commission (CFTC). Computing power perpetual contracts are anchored to spot indices through a funding rate mechanism, designed to hedge against fluctuations in cloud computing power supply and demand. The related market is currently in its early stages with limited liquidity, and computing power trading primarily relies on over-the-counter negotiations. The construction of representative price indices is key to market development.