The CEO of BitMEX Discusses the Impact of Perpetual Swap Contracts on the Value of Altcoins

BitMEX CEO Analyzes the Impact of Perpetual Swap Contracts on the Value of Altcoins

Strategy plans to issue Series A perpetual preferred stock with a value of up to 21 billion USD at an 8.00% dividend rate, or may continue to increase its Bitcoin holdings.

Analyst: The 30-day average funding rate of perpetual contracts has dropped to a negative value, which may signal that the market has bottomed out.

MBOX Value Surges 23% Following Binance's New Perpetual Contracts Launch

MBOX Value Surges 23% Following Binance's Launch of New Perpetual Contracts

Bybit Launches SUNDOG 1-12.5x USDT Perpetual Contract, Achieves Record Market Value

Binance will launch ORDI 1-50x leveraged perpetual contracts based on U.S. dollar value.

Hyperliquid (HYPE) shows strong growth amid market uncertainty, with daily fee revenue surpassing Ethereum and Bitcoin

SoSo Daily May 6 | Bitget has launched USDT-margined perpetual contracts for ASR, ALPINE, and B2.

Planet Evening News: Swiss Central Bank Governor Talks About Cryptocurrency, Binance Launches Multiple Contracts, ZEREBRO DEV Token Market Cap Surpasses

SoSo Daily May 5 | Bit Digital applies for financing up to 500 million USD through ATM method

DeFi』s Next Evolution: How Protocols Become Platforms

Volatility is the most underutilized asset in DeFi, despite traditional options handling 2-3 times the notional volume of futures (~$10-15 trillion vs. ~$5-7 trillion). GammaSwap is changing that. Perpetual options unlock a powerful way to profit from crypto volatility even if you have no idea whether prices will go up or down. Unlike traditional options that expire or require you to pick a strike price, GammaSwap simplifies it: → No expiries → All positions are protected on downside → Positions can be held perpetually On the other hand, GammaSwap allows you to borrow LP positions to simulate option-like exposure. ✅ You long volatility by borrowing LP tokens (you profit as the price of the two assets diverge) ✅ You short volatility by supplying LP tokens (you earn when fees exceed price movement) Why it works: LP tokens represent positions in AMMs. When prices diverge significantly from the entry point, LPs suffer Impermanent Loss (IL). GammaSwap turns that IL into an opportunity. By borrowing LP tokens at a fixed ratio, you effectively take on a volatility position. When volatility increases (i.e., prices move), the LP token's value shifts relative to the borrowed reserves, and you profit. When you short volatility (by providing liquidity), you're betting that prices won't move much and you collect fees from traders taking the opposite position. Anyone can create a market for any token since there are no oracle requirements or external dependencies. Why this matters: 📈 Traders gain access to volatility exposure without needing to guess price direction 🛡️ LPs finally have a built-in hedging mechanism for IL 📊 Protocols gain deeper, more efficient liquidity from smarter participants 📚 Markets develop a native volatility surface over time, an essential building block for more advanced DeFi products GammaSwap is the next evolution of DeFi derivatives. With the upcoming yield token launch, users will access market-leading spot yields and can leverage hedged LP positions in other DeFi protocols, increasing their capital efficiency. GammaSwap yield tokens will drive significant growth in onchain liquidity.

Solana futures open interest approaches historical highs, with SOL price expected to rise to $200.

Sui Q1 Advanced Report: The Rise of BTCfi Infrastructure, the Boom of Lending Protocols, and the Future of Execution Sharding

What a way to kick off #MYPARTI! 🚀 In the same week that #MYXFinance made history as the first-ever chain-abstracted Perp #DEX in crypto, we hit a jaw-dropping $42 million in Total Value Locked! As the largest perp DEX on both #BSC and #Linea, MYX is setting the bar for perpetual trading with deep liquidity, ultra-low fees, seamless and gasless trading! 🔥 Massive thanks to @ParticleNtwrk for having our back as we completely flip the perp trading game. Now, you can trade across chains without all that hassle of worrying about gas tokens or switching wallets all the time. We’ve got you covered! The fun’s just warming up. Big things ahead! 😎

Strategy company purchased an additional 15,355 Bitcoins, bringing the total holdings to 553,555 Bitcoins, with a market value exceeding 52 billion USD.

SoSo Daily Apr 25 | Binance Wallet Launches 12th TGE Project: OKZOO

Important Update: LogX Foundation Ends Partnership with Bitget LogX Foundation has decided to end its partnership with Bitget Exchange for $LOGX token trading. As a team, we always prefer to focus on improving our product and stay away from fud, but in this case we believe it’s important to share our unfortunate experience with Bitget so that other projects can make informed decisions when considering them as a listing partner. 1. Listing Terms Changed at the last moment In June last year, Bitget offered to list $LOGX at no cost. After we finalized dates and details, they raised a compliance concern last moment related to our innovative prediction‑market perpetual feature and asked us to remove it. (A similar product was one of the most popular offerings on Polymarket during election season.) When we sought clarification, Bitget then introduced a listing fee. With our TGE date locked in, we reluctantly agreed to proceed under these last‑minute terms. 2. Unclear Use of User Rewards & Signup Data The listing fee included a security deposit tied to new sign‑ups and user rewards in $LOGX. Bitget allocated the “user rewards” without our approval and did not update us on the promised sign‑up metrics. To date, we are not certain whether those tokens went to actual users or were retained by Bitget. Multiple market‑maker contacts reported similar behavior with other projects. When we followed up on sign‑ups, Bitget said our numbers were insufficient and offered two options: forfeit our deposit or engage third‑party promoters—paid in tokens and stablecoins—to boost sign‑ups. 3. Shifting Liquidity and trading volumes rules Over several months, Bitget imposed increasingly changing liquidity targets and warned that low volume could affect our listing status. Some requirements were never part of our original agreement and changed repeatedly. They also pressed us to meet daily volume thresholds. When we explained that wash‑trading is not a fair‑market practice and is wrong as seen in multiple SEC filings (and that our market makers cannot comply), Bitget stopped responding to our concerns and continued to alter their liquidity requirement rules. We also asked about the latest Voxxel situation to check if the exchange is liquid, again no response by the Bitget team. Given these developments, LogX Foundation no longer views Bitget as the right exchange partner. We’ve heard similar feedback from over 15 project teams. We recommend our holders on Bitget to move on other exchanges for liquidity—one thing we have observed from data is that volume for $LOGX on Gate and KuCoin is far better than Bitget. We believe that transparent, on‑chain products will earn long‑term trust. In a few hours, we’ll reveal a new LogX product designed to enable free, fair and community aligned token listing where instead of taking value from projects, LogX will offer value at no cost. Details coming in our next tweet.

Ok ok… $104K and counting. ATH incoming? Yesterday 69% of you said we’d cross $100K, and it was no joke. What now?

🎙️ Join us tomorrow for an AMA with @OilXCoin as we learn how they're bringing the world’s most traded commodity into digital finance! 📅 May 9th @ 11 AM EDT | 3 PM UTCForm CRS: https://t.co/mIuBDAntFl https://t.co/R5oukrs7Ld

BTC is now at $104000

A couple of model changes... 1. Llama4 Maverick is being retired. It will be replaced with the new Qwen3 235b as our Venice Large model. 2. Llama 3.2 3b is also being retired. The new Qwen3 4b will replace it as our Venice Small model. The change will occur this coming Monday, May 12.

There is a brand new crypto game where the gameplay is happening on the charts. @CryptoKitties recently debuted the Rumor Mill, a memecoin (or Meowcoin) game. A game of buying the rumor, selling the news? Find out from @doodlifts how to play ⤵️ https://t.co/0alP7tctdp

A couple of model changes... 1. Llama4 Maverick is being retired. It will be replaced by the new Qwen3 235b as our Venice Large model. 2. Llama 3.2 3b is also being retired. The new Qwen3 4b will replace it as our Venice Small model. The change will take place this coming Monday, May 12.

BTC is now at $103000

A new castle has appeared in Terra Villa! Can you charm your way to rewards & climb the leaderboard? 🏰✨ @Aiveronica_ has brought 6 bachelor(ette)s, waiting for you to win their hearts 💘 🗝️ Pick up a Ruby Key 💬 Chat with the AI 🏆 Win rewards & climb the leaderboard! 🧵⬇️ https://t.co/OQ99if7u3v

ETH is now at $2200

Ethereum price breaks through $2,200, with a single-day increase of 7.42%

The internet never had native money—until now. Meet x402 introduced by @CoinbaseDev: a new protocol that embeds payments directly into HTTP. With @nearintents, you can pay using any asset from any chain—seamlessly integrated into every HTTP interaction.

💥 𝗝𝗮𝗰𝗸𝗮𝗹 – 𝗖𝗼𝗺𝗺𝗼𝗻 𝗦𝗠𝗚 A reliable submachine gun built for close-quarters combat. With its high fire rate (13.33 RPM) and fast reload (1.6s), the Jackal is perfect for fast-paced skirmishes. Though it has limited range (150m) and moderate damage (12 HP per shot), its 40-round magazine ensures sustained firepower. 🔹 Special Ability: If you reload with fewer than 10 bullets, your next magazine gets 10% more capacity and reloads 40% faster—keeping you in the fight longer. ⚔️ Ideal for: Quick, aggressive combat and close-range encounters. 👉Buy Now : https://t.co/4vXlJ47oiQ #LandRocker #LRT $LRT #P2E

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Welcome back, ETH.Don’t miss out on the upcoming GPTW airdrop! https://t.co/Nk7AGqH3ZN

Introducing dreamcore, weirdcore, digital decay, Y2K aesthetic, vaporwave, post-internet, corporate dystopia, low poly nostalgia— We're excited to welcome Colombian artist and filmmaker Manuel José González Olarte, aka Windows_2002 🔥! https://t.co/FNquoL2jN7

VeeFriends x PSA Magazines are starting to deliver! But there's one more Super Sticker to reveal, and you won’t find it in your pack. The Pot of Gold Super Sticker is extremely rare—as it can only be earned through a special redemption. 🌈 🧵 1/6 https://t.co/3xPBCPDftP

We have some projects to announce without giving too much away for a surprise; it involves hedgies.

Gm $100k #Bitcoin 👀

Today's summary: - New Pope - US/UK Trade Deal - Markets are pumping - Bitcoin reclaimed $100k - Coinbase bought Deribit - Intern is on his 14th coffee - Trump called Powell a "fool" - Recession at its lowest level in a month

$ETH Pectra mainnet update is now complete! Today the markets have reawakened with a tremor of inflows returning to $ETH 📝 $PEIPEI is ready for the weeks of incoming green candles 🟥🐸 We have solidified our names in the space and we thank you all for what's to come next 🥂

JUST IN: $235,000,000,000 added to the cryptocurrency market today. https://t.co/4N5Y2GHMTC

NEED TO KNOW:- Bitcoin Crosses $100K for First Time Since February. Juiced by hope of a trade deal, BTC once again crossed the significant barrier.- Stripe Launches 'Stablecoin-Powered' Accounts. The payments giant completed its $1.1B acquisition of Bridge in February.- Coinbase is Buying Derebit for $2.9B in Record Deal. The mostly-stock deal for the derivatives exchange is the largest crypto acquisition ever.

$BTBT Senior management will be hosting a live earnings call to review its First Quarter 2025 financial results on Friday, May 16th at 10:00am ET.Results will be published on our website after the stock market closes on Thursday, May 15th, prior to the earnings call.🔗 Register here: https://t.co/CGQlEOMaHH

Coinbase misses Q1 earnings and revenue estimates as trading activity dips 10% https://t.co/4IUcow4AkF

The Democratic Party's Public Opposition and Private Support for Trump's Cryptocurrency Plan

https://t.co/Yr4PchBTz3

Signal Decrypted: Seeker Speed Enhanced! ⚡️ Seekers now possess 2x Impact on reducing mission time in The Third Kingdom. Unleash your Seekers to slash mission duration and accelerate your Mycelium harvest! 🍄 https://t.co/LAOjOSonIL

Proud to be part of the STX ecosystem. https://t.co/yTDHNAVvq1

Receive, store, and send funds with a stablecoin balance on @stripe using fiat or Polygon rails in over 100 countries. Global payment rails are being rebuilt. Are you paying attention?

🚀 Big news from MinionLab!We’re now officially part of the Google for Startups Cloud Program 🎉💸 $200K+ in value unlocked✅ $100K in no-strings-attached credits for year one☁️ This supercharges our mission to build browser infra for AI agentsLet’s gooo → https://t.co/tj3D40jEt9 🌐

Axal's week in review ft. @ari48909 @kozyDOTai and @ericli1_ In this weekly review episode, the Axal team talks about @Gekko_Agent's price surge, crypto culture at Harvard, and updates related to Yield. Eric is an awesome addition, he's taking time off from Harvard to work at Axal. He has an INSANE resume working with orgs like @xai and more! Learn more below:

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Chromie Squiggle #8374 is listed on GONDI for sale at 4.15 ETH.The floor for Squiggles is on GONDI. https://t.co/4YCudoIgAx

CONGRATS @__________jamie is the "DUSTER OF THE DAY" For unwavering support of OUR $UFD Mission THEY win the GOLDEN HORN! 🦄🦄 -Please follow on X-🦄🦄 Every Action MATTERS Stay tuned for the NEXT winner, could be YOU 🦄💨✨ #GoodAttractsGOOD https://t.co/VWJvykPvTT

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Listen to the Q1 2025 Earnings Call, starting at 5PM ET: https://t.co/WfPBpun3Zq

Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: report https://t.co/ySuCZ25psd

Price Surge: UNI is now at $5.90099

https://t.co/RqSMzHJcnh

Rugged to death on today's spaces, sorry! We'll be back.

Bitcoin miners MARA and CleanSpark post higher Q1 revenues, but both lose money https://t.co/nkrX2RSbY0

When did you find out Bitcoin crossed $100K again?Be the first to know with custom Watchlists on the new CoinDesk App and turn notifications on 🤳 Special thank you to our launch partner @Grayscale 🤝 https://t.co/k2uOBbXPAG

If MT Tower gave you a tarot card today… what would it be? 🃏 “The Locked Door”? “The Mirror”? “The Lost Key”? 🗝️ . . . Follow us! ✨Instagram🔗 https://t.co/FR1b0uO80e ✨X🔗 https://t.co/0dzB73PM5v ✨Telegram🔗https://t.co/gjnUPwgAsI ✨Thunder of Midgaard🔗 https://t.co/9EL7nzLQtq #mttower #thunderofmidgaard #gaming #game #clicker #ton #gamefi #airdrop #telegramminiapp #tonblockchain #ton #toncrypto #tonnetwork #telegram #telegramcommunity #miniapp #miniapps #webapps #mobileapps #crypto #cryptocurrency #cryptotrading #blockchain #web3

$102k

Imagine replacing syringes with something painless and the size of a penny. Dr. Stephanie Adams joined @DThompsonDev to share how @MicronBiomedical is making at-home, painless drug delivery a reality and what it means for global health, IP protection, and more. 🔗👇 https://t.co/9M44oRWdK3

many such cases @pugson https://t.co/lIXaBhQm1O

Creators Directory: A mini app to drive discovery and value for creators on @base @BasedCreators @coordinape Live at the Farcaster Mini App Spotlight presented by Seed Club & @monad_xyz with support from @LayerZero_Core Link to full demo on YouTube below https://t.co/bnMZ7ZlMVO

thank you @BoysClubWorld, very cool https://t.co/Ik4Us3s0em

Coinbase reported Q1 2025 earnings with revenue of $2.03 billion, below the market expectation of $2.2 billion. Transaction revenue was $1.26 billion, with trading volume reaching $393 billion, exceeding estimates. Adjusted EBITDA was $930 million, net income was $66 million, and adjusted net income was $527 million. USDC balances increased by 49% quarter-over-quarter, derivatives trading volume reached $804 billion, and assets under custody rose by $25 billion. https://t.co/CWxQv9hBse

Quarterly board meetings done differently

$ETH pumped by 20% and people are already calling for a new all-time high in May. Chill out. https://t.co/V4XElWbDxN

CT is waking up

We just gave your memecoins the best utility. YEET it. https://t.co/CvHbtkOvr3

Check us out, watch the cat bridge.

JUST IN: #Bitcoin hits $102,000 💥 https://t.co/qCWQB8lNwj

Sei Research Initiative’s 'Blockchain Bandits' explores how public DA and mempoolless design expose new MEV attack surfaces. Mitigations include commit-reveal schemes, threshold crypto, and timelock crypto with ASIC VDFs + economic watchdogs. Read here: https://t.co/PCwkwQQrzh

0 fees when you trade on Figure Markets. Sign up & get started ⤵️ https://t.co/A5jlQdzS9m

BTC is now at $102000

Can’t believe the pope took the name Pope Ditka II

Bitcoin breaks above 102,000 USDT

NEW: The #Bitcoin hashrate has already surged over 15% since the start of the year 👀 Bullish! 🚀 https://t.co/SFrDStHTFv

Happy Birthday! Thank you for supporting $DGB.

Celsius Founder Mashinsky Sentenced to 12 Years for Crypto Fraud Scheme #bitcoin https://t.co/flTkBdzuPO

Built on Ethereum.

Built for payments. https://t.co/ybnSrGAXt7

Tomorrow’s leaders are watching today’s builders.Let's build a future we’d be proud to hand off. 🚀#TRON #BUIDL https://t.co/XZrxc18h4O

Going to @licensingexpo May 20-22 in @Vegas? Want to understand how to leverage @Roblox to extend your brand's reach? @what_up_craig and team will be there to chat! DM to set something up. 🚨 https://t.co/HkS2GJCkwf

What a comeback in Florence!! 🇮🇹 Robin Gosens is on fire 🔥🔥 Fiorentina vs Betis delivering drama in the Conference League semi-final – don’t miss the action!👀 #UECL #FiorentinaBetis

"$XRP is a vast asset." In-person interview: @HugoPhilion x @JackNiewold Final touches underway. Subscribe to catch it first: https://t.co/MVXAUOaMqd https://t.co/AUFuwGVWOO

$TAO sits at the intersection of #crypto and #AI—two of the most transformative themes in tech. Our selection process is data-driven, thematic, and focused on long-term fundamentals. https://t.co/XwsBB5beDk

we have *a few* solutions https://t.co/GrTgh5LobC

Join us tomorrow at 1pm UTC with @alexlitreev of @SentinelDVPN & @norselabs + @zac_wickstrom from @VALTdata Fresh off a win at @token2049, Zac breaks down what’s next for VALT — an AI-powered personal data manager with a built-in Sentinel-powered dVPN 🎙️https://t.co/XS6spejr53 https://t.co/IpLLHb243r

Saucy Actions are back in Vibes set 2 Legend of the Lils. "Not Today!" features art from Yosuke Ando & @cluuuuuuur. Yosuke is the artist who created the Vibes logo and packaging for Enter the Huddle; he now joins us as a main set artist for the first time. https://t.co/iZX1a6f2CJ

Former FTX Executive's Wife Claims Government Coercion to Plead Guilty, Seeks Dismissal of Campaign Finance Charges

Every evening is a celebration when you have good friends like @s0meone_u_know 👀 https://t.co/NVcvaEyBPK

Last week was a big one for Lombard.At @token2049, the team had a great time leading conversations around BTCFi, sharing how Lombard is bringing real utility to Bitcoin, and connecting with both old friends and new faces.Scroll on for some of the highlights 👇👇 https://t.co/yDPkWH4e32

RISE testnet reached its first milestone.1,000,000,000 transactions and counting.Including 50,000 transactions in a single, 1-second block.This is what speed really feels like. https://t.co/dP0foeboaq

How do you prefer to engage with tech?

The internet has become a breeding ground for toxic ideas that spread like wildfire, infecting the minds of impressionable individuals who lack the critical thinking skills to discern truth from fiction.

$RSO & $BENFICA are now listed on @Cubexch ✅ 💥 $15,000 in Fan Tokens up for grabs 🔍 Full details in Cube Exchange’s post

📣 MARKET IMPACT Lutnick: If nations open their market, the best they can do is 10% #bitcoin https://t.co/NGKnxgL1Hi

You can hold and trade #SPX6900 on Kinto. https://t.co/fzUxlP3vPF

Standard price feeds in DeFi tell us what is, but seldom how good that data is under current conditions. This limits performance, especially in volatile environments.🧵👇 https://t.co/ZafbsE3MaI

🔥 Index Performance Update 🔥 Bitcoin: 101,419 (+5.26%) 📈 TOP PERFORMING INDEXES: 1. Memes & BTC on Base ($290.27): +25.62% 2. Protocols on Base ($262.55): +17.94% 3. INDX Lenders on Base ($589.01): +17.45% 4. INDX Blockchain Trio ETH-SOL-SUI ($770.40): +15.90% 5. Made in USA on Base ($394.60): +14.17% 6. Grayscale Trust on Base ($366.11): +13.35% 7. Coinbase 9 Index on Base ($320.98): +12.72% 8. INDX Classic BTC-ETH ($2,115.56): +11.47% 9. INDX Classic BTC-ETH-SOL ($1,165.04): +11.17% Build your own index at https://t.co/aQR9NDHSf0

heard @watchking69 and @BrenzCrypto accept payments in fwog https://t.co/DY2647Tc4t

Circle Payments Network. https://t.co/itLoj4LWdR

Welcome to Sui.

JUST IN: SEC and Ripple file settlement agreement to "resolve" enforcement action https://t.co/UBHhP6Ur26

"We really want to back founders that think big, think global, and try to use the best technology out there” said @aaronqfu, DCG's Director of Venture. Read more about his career journey, our approach to investing, and what's ahead for DCG in 2025.

Win your Share of Over $2,500,000 at CSOP Spring 2025 on CoinPoker! You will find all the important stuff in THIS VIDEO! 🔥 https://t.co/nxXDdqksFM

🦄 Unichain is now supported via Substreams!Alongside Subgraphs and Token API, @unichain devs can now stream fast, reliable data straight from the chain using Substreams on The Graph - ideal for real-time analytics, monitoring, and more.Get started ⬇️ https://t.co/0YxcYPSyMn

Want to serve IPFS content from your own domain? Ditch raw CIDs and use DNSLink or Filebase’s gateways with HTTPS + custom domains. Production-ready. Brand-aligned. Super simple. 👇 https://t.co/ylmjgyZb60

sweet ride, sweet tunes🏎️🎶 #RobloxDevs

#AgentSociety #AgentNetwork Feature Preview: These two images offer a preview of our "Agent Social Network" (ANS), a social space where humans and agents coexist to manage workflows and complex tasks. You can create agent-human groups similar to WhatsApp, Telegram, Discord, WeChat, and more. We'll showcase groups of agents collaborating for trading and DeFi automation. Now, let your imagination run wild — what else could humans and agents do together? - Could your memories form a digital twin that works while you sleep? - Could loved ones live forever through memory-imbued agents? - Could agents from different developers team up to manage your entire life — shopping, food delivery, booking flights, hotels, rides, and more? Share your ideas with us — and we’ll bring them to life.

Less than 1 week until @Consensus2025 by @CoinDesk in Toronto! ⏳ 🎤 On May 14 at 10:20 AM ET, don’t miss @CarlosDomingo on the Mainstage for “Tokenizing Everything: For Real This Time” with @nathanlallman (@OndoFinance) and @HiltnerJim (@Superstatefunds), moderated by @0x_tracy (@hiFramework). 🎤 Then at 4:00 PM ET, catch @Sonnenshein on the Summit Stage for a fireside chat with @ItaiElizur (@MarketAcross) on institutional adoption, tokenization, and what’s next. Catch up with the Securitize team and plan your week: https://t.co/QaC76CNpNP

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Housecoin just makes sense @Cobratate @TateTheTalisman https://t.co/v1BrgoTfJa

What are we doing at the @avax Summit London, you ask!! 🔺 Here’s a breakdown. 🔺Dr. @rpchamria is conducting a workshop on “Building and Scaling L1 with Zeeve Cogitus” on 20 May 🔺Dr. @rpchamria is on an exhilarating panel to discuss “Launching your L1: Insights From Ecosystem Leaders.” 🔺Use code “Chamria15 to get 15% off on your GA tickets on https://t.co/8zjXvuy2cP 🔺Three of our leaders are on ground to discuss L1 and offer you the best & brilliant platform to launch L1s - https://t.co/xVMLrXr4nJ Deploy your Avalanche L1 in Minutes: https://t.co/ihpVWZJAQX $Avax #AvalancheSummit #London #ZeeveForAvax #DoitOnZeeve #ZeeveforL1 #L1

Step 1.The VFX Token liquidity has been locked on UNCX.You can check the LP lock here: https://t.co/6s5ZTxeHGKDextools, Dexscreener, and more will update automatically. https://t.co/LKTWd6Qqwm

ETH maxis right now 😅 https://t.co/Ln0UbcffAi

The CEO of BitMEX Discusses the Impact of Perpetual Swap Contracts on the Value of Altcoins

BitMEX CEO Analyzes the Impact of Perpetual Swap Contracts on the Value of Altcoins

Strategy plans to issue Series A perpetual preferred stock with a value of up to 21 billion USD at an 8.00% dividend rate, or may continue to increase its Bitcoin holdings.

Analyst: The 30-day average funding rate of perpetual contracts has dropped to a negative value, which may signal that the market has bottomed out.

MBOX Value Surges 23% Following Binance's New Perpetual Contracts Launch

MBOX Value Surges 23% Following Binance's Launch of New Perpetual Contracts

Bybit Launches SUNDOG 1-12.5x USDT Perpetual Contract, Achieves Record Market Value

Binance will launch ORDI 1-50x leveraged perpetual contracts based on U.S. dollar value.

Hyperliquid (HYPE) shows strong growth amid market uncertainty, with daily fee revenue surpassing Ethereum and Bitcoin

SoSo Daily May 6 | Bitget has launched USDT-margined perpetual contracts for ASR, ALPINE, and B2.

Planet Evening News: Swiss Central Bank Governor Talks About Cryptocurrency, Binance Launches Multiple Contracts, ZEREBRO DEV Token Market Cap Surpasses

SoSo Daily May 5 | Bit Digital applies for financing up to 500 million USD through ATM method

DeFi』s Next Evolution: How Protocols Become Platforms

Volatility is the most underutilized asset in DeFi, despite traditional options handling 2-3 times the notional volume of futures (~$10-15 trillion vs. ~$5-7 trillion). GammaSwap is changing that. Perpetual options unlock a powerful way to profit from crypto volatility even if you have no idea whether prices will go up or down. Unlike traditional options that expire or require you to pick a strike price, GammaSwap simplifies it: → No expiries → All positions are protected on downside → Positions can be held perpetually On the other hand, GammaSwap allows you to borrow LP positions to simulate option-like exposure. ✅ You long volatility by borrowing LP tokens (you profit as the price of the two assets diverge) ✅ You short volatility by supplying LP tokens (you earn when fees exceed price movement) Why it works: LP tokens represent positions in AMMs. When prices diverge significantly from the entry point, LPs suffer Impermanent Loss (IL). GammaSwap turns that IL into an opportunity. By borrowing LP tokens at a fixed ratio, you effectively take on a volatility position. When volatility increases (i.e., prices move), the LP token's value shifts relative to the borrowed reserves, and you profit. When you short volatility (by providing liquidity), you're betting that prices won't move much and you collect fees from traders taking the opposite position. Anyone can create a market for any token since there are no oracle requirements or external dependencies. Why this matters: 📈 Traders gain access to volatility exposure without needing to guess price direction 🛡️ LPs finally have a built-in hedging mechanism for IL 📊 Protocols gain deeper, more efficient liquidity from smarter participants 📚 Markets develop a native volatility surface over time, an essential building block for more advanced DeFi products GammaSwap is the next evolution of DeFi derivatives. With the upcoming yield token launch, users will access market-leading spot yields and can leverage hedged LP positions in other DeFi protocols, increasing their capital efficiency. GammaSwap yield tokens will drive significant growth in onchain liquidity.

Solana futures open interest approaches historical highs, with SOL price expected to rise to $200.

Sui Q1 Advanced Report: The Rise of BTCfi Infrastructure, the Boom of Lending Protocols, and the Future of Execution Sharding

What a way to kick off #MYPARTI! 🚀 In the same week that #MYXFinance made history as the first-ever chain-abstracted Perp #DEX in crypto, we hit a jaw-dropping $42 million in Total Value Locked! As the largest perp DEX on both #BSC and #Linea, MYX is setting the bar for perpetual trading with deep liquidity, ultra-low fees, seamless and gasless trading! 🔥 Massive thanks to @ParticleNtwrk for having our back as we completely flip the perp trading game. Now, you can trade across chains without all that hassle of worrying about gas tokens or switching wallets all the time. We’ve got you covered! The fun’s just warming up. Big things ahead! 😎

Strategy company purchased an additional 15,355 Bitcoins, bringing the total holdings to 553,555 Bitcoins, with a market value exceeding 52 billion USD.

SoSo Daily Apr 25 | Binance Wallet Launches 12th TGE Project: OKZOO

Important Update: LogX Foundation Ends Partnership with Bitget LogX Foundation has decided to end its partnership with Bitget Exchange for $LOGX token trading. As a team, we always prefer to focus on improving our product and stay away from fud, but in this case we believe it’s important to share our unfortunate experience with Bitget so that other projects can make informed decisions when considering them as a listing partner. 1. Listing Terms Changed at the last moment In June last year, Bitget offered to list $LOGX at no cost. After we finalized dates and details, they raised a compliance concern last moment related to our innovative prediction‑market perpetual feature and asked us to remove it. (A similar product was one of the most popular offerings on Polymarket during election season.) When we sought clarification, Bitget then introduced a listing fee. With our TGE date locked in, we reluctantly agreed to proceed under these last‑minute terms. 2. Unclear Use of User Rewards & Signup Data The listing fee included a security deposit tied to new sign‑ups and user rewards in $LOGX. Bitget allocated the “user rewards” without our approval and did not update us on the promised sign‑up metrics. To date, we are not certain whether those tokens went to actual users or were retained by Bitget. Multiple market‑maker contacts reported similar behavior with other projects. When we followed up on sign‑ups, Bitget said our numbers were insufficient and offered two options: forfeit our deposit or engage third‑party promoters—paid in tokens and stablecoins—to boost sign‑ups. 3. Shifting Liquidity and trading volumes rules Over several months, Bitget imposed increasingly changing liquidity targets and warned that low volume could affect our listing status. Some requirements were never part of our original agreement and changed repeatedly. They also pressed us to meet daily volume thresholds. When we explained that wash‑trading is not a fair‑market practice and is wrong as seen in multiple SEC filings (and that our market makers cannot comply), Bitget stopped responding to our concerns and continued to alter their liquidity requirement rules. We also asked about the latest Voxxel situation to check if the exchange is liquid, again no response by the Bitget team. Given these developments, LogX Foundation no longer views Bitget as the right exchange partner. We’ve heard similar feedback from over 15 project teams. We recommend our holders on Bitget to move on other exchanges for liquidity—one thing we have observed from data is that volume for $LOGX on Gate and KuCoin is far better than Bitget. We believe that transparent, on‑chain products will earn long‑term trust. In a few hours, we’ll reveal a new LogX product designed to enable free, fair and community aligned token listing where instead of taking value from projects, LogX will offer value at no cost. Details coming in our next tweet.

Ok ok… $104K and counting. ATH incoming? Yesterday 69% of you said we’d cross $100K, and it was no joke. What now?

🎙️ Join us tomorrow for an AMA with @OilXCoin as we learn how they're bringing the world’s most traded commodity into digital finance! 📅 May 9th @ 11 AM EDT | 3 PM UTCForm CRS: https://t.co/mIuBDAntFl https://t.co/R5oukrs7Ld

BTC is now at $104000

A couple of model changes... 1. Llama4 Maverick is being retired. It will be replaced with the new Qwen3 235b as our Venice Large model. 2. Llama 3.2 3b is also being retired. The new Qwen3 4b will replace it as our Venice Small model. The change will occur this coming Monday, May 12.

There is a brand new crypto game where the gameplay is happening on the charts. @CryptoKitties recently debuted the Rumor Mill, a memecoin (or Meowcoin) game. A game of buying the rumor, selling the news? Find out from @doodlifts how to play ⤵️ https://t.co/0alP7tctdp

A couple of model changes... 1. Llama4 Maverick is being retired. It will be replaced by the new Qwen3 235b as our Venice Large model. 2. Llama 3.2 3b is also being retired. The new Qwen3 4b will replace it as our Venice Small model. The change will take place this coming Monday, May 12.

BTC is now at $103000

A new castle has appeared in Terra Villa! Can you charm your way to rewards & climb the leaderboard? 🏰✨ @Aiveronica_ has brought 6 bachelor(ette)s, waiting for you to win their hearts 💘 🗝️ Pick up a Ruby Key 💬 Chat with the AI 🏆 Win rewards & climb the leaderboard! 🧵⬇️ https://t.co/OQ99if7u3v

ETH is now at $2200

Ethereum price breaks through $2,200, with a single-day increase of 7.42%

The internet never had native money—until now. Meet x402 introduced by @CoinbaseDev: a new protocol that embeds payments directly into HTTP. With @nearintents, you can pay using any asset from any chain—seamlessly integrated into every HTTP interaction.

💥 𝗝𝗮𝗰𝗸𝗮𝗹 – 𝗖𝗼𝗺𝗺𝗼𝗻 𝗦𝗠𝗚 A reliable submachine gun built for close-quarters combat. With its high fire rate (13.33 RPM) and fast reload (1.6s), the Jackal is perfect for fast-paced skirmishes. Though it has limited range (150m) and moderate damage (12 HP per shot), its 40-round magazine ensures sustained firepower. 🔹 Special Ability: If you reload with fewer than 10 bullets, your next magazine gets 10% more capacity and reloads 40% faster—keeping you in the fight longer. ⚔️ Ideal for: Quick, aggressive combat and close-range encounters. 👉Buy Now : https://t.co/4vXlJ47oiQ #LandRocker #LRT $LRT #P2E

👀

Welcome back, ETH.Don’t miss out on the upcoming GPTW airdrop! https://t.co/Nk7AGqH3ZN

Introducing dreamcore, weirdcore, digital decay, Y2K aesthetic, vaporwave, post-internet, corporate dystopia, low poly nostalgia— We're excited to welcome Colombian artist and filmmaker Manuel José González Olarte, aka Windows_2002 🔥! https://t.co/FNquoL2jN7

VeeFriends x PSA Magazines are starting to deliver! But there's one more Super Sticker to reveal, and you won’t find it in your pack. The Pot of Gold Super Sticker is extremely rare—as it can only be earned through a special redemption. 🌈 🧵 1/6 https://t.co/3xPBCPDftP

We have some projects to announce without giving too much away for a surprise; it involves hedgies.

Gm $100k #Bitcoin 👀

Today's summary: - New Pope - US/UK Trade Deal - Markets are pumping - Bitcoin reclaimed $100k - Coinbase bought Deribit - Intern is on his 14th coffee - Trump called Powell a "fool" - Recession at its lowest level in a month

$ETH Pectra mainnet update is now complete! Today the markets have reawakened with a tremor of inflows returning to $ETH 📝 $PEIPEI is ready for the weeks of incoming green candles 🟥🐸 We have solidified our names in the space and we thank you all for what's to come next 🥂

JUST IN: $235,000,000,000 added to the cryptocurrency market today. https://t.co/4N5Y2GHMTC

NEED TO KNOW:- Bitcoin Crosses $100K for First Time Since February. Juiced by hope of a trade deal, BTC once again crossed the significant barrier.- Stripe Launches 'Stablecoin-Powered' Accounts. The payments giant completed its $1.1B acquisition of Bridge in February.- Coinbase is Buying Derebit for $2.9B in Record Deal. The mostly-stock deal for the derivatives exchange is the largest crypto acquisition ever.

$BTBT Senior management will be hosting a live earnings call to review its First Quarter 2025 financial results on Friday, May 16th at 10:00am ET.Results will be published on our website after the stock market closes on Thursday, May 15th, prior to the earnings call.🔗 Register here: https://t.co/CGQlEOMaHH

Coinbase misses Q1 earnings and revenue estimates as trading activity dips 10% https://t.co/4IUcow4AkF

The Democratic Party's Public Opposition and Private Support for Trump's Cryptocurrency Plan

https://t.co/Yr4PchBTz3

Signal Decrypted: Seeker Speed Enhanced! ⚡️ Seekers now possess 2x Impact on reducing mission time in The Third Kingdom. Unleash your Seekers to slash mission duration and accelerate your Mycelium harvest! 🍄 https://t.co/LAOjOSonIL

Proud to be part of the STX ecosystem. https://t.co/yTDHNAVvq1

Receive, store, and send funds with a stablecoin balance on @stripe using fiat or Polygon rails in over 100 countries. Global payment rails are being rebuilt. Are you paying attention?

🚀 Big news from MinionLab!We’re now officially part of the Google for Startups Cloud Program 🎉💸 $200K+ in value unlocked✅ $100K in no-strings-attached credits for year one☁️ This supercharges our mission to build browser infra for AI agentsLet’s gooo → https://t.co/tj3D40jEt9 🌐

Axal's week in review ft. @ari48909 @kozyDOTai and @ericli1_ In this weekly review episode, the Axal team talks about @Gekko_Agent's price surge, crypto culture at Harvard, and updates related to Yield. Eric is an awesome addition, he's taking time off from Harvard to work at Axal. He has an INSANE resume working with orgs like @xai and more! Learn more below:

https://t.co/VeZAVzwn6M

Chromie Squiggle #8374 is listed on GONDI for sale at 4.15 ETH.The floor for Squiggles is on GONDI. https://t.co/4YCudoIgAx

CONGRATS @__________jamie is the "DUSTER OF THE DAY" For unwavering support of OUR $UFD Mission THEY win the GOLDEN HORN! 🦄🦄 -Please follow on X-🦄🦄 Every Action MATTERS Stay tuned for the NEXT winner, could be YOU 🦄💨✨ #GoodAttractsGOOD https://t.co/VWJvykPvTT

https://t.co/neqxGrWS4a

Listen to the Q1 2025 Earnings Call, starting at 5PM ET: https://t.co/WfPBpun3Zq

Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: report https://t.co/ySuCZ25psd

Price Surge: UNI is now at $5.90099

https://t.co/RqSMzHJcnh

Rugged to death on today's spaces, sorry! We'll be back.

Bitcoin miners MARA and CleanSpark post higher Q1 revenues, but both lose money https://t.co/nkrX2RSbY0

When did you find out Bitcoin crossed $100K again?Be the first to know with custom Watchlists on the new CoinDesk App and turn notifications on 🤳 Special thank you to our launch partner @Grayscale 🤝 https://t.co/k2uOBbXPAG

If MT Tower gave you a tarot card today… what would it be? 🃏 “The Locked Door”? “The Mirror”? “The Lost Key”? 🗝️ . . . Follow us! ✨Instagram🔗 https://t.co/FR1b0uO80e ✨X🔗 https://t.co/0dzB73PM5v ✨Telegram🔗https://t.co/gjnUPwgAsI ✨Thunder of Midgaard🔗 https://t.co/9EL7nzLQtq #mttower #thunderofmidgaard #gaming #game #clicker #ton #gamefi #airdrop #telegramminiapp #tonblockchain #ton #toncrypto #tonnetwork #telegram #telegramcommunity #miniapp #miniapps #webapps #mobileapps #crypto #cryptocurrency #cryptotrading #blockchain #web3

$102k

Imagine replacing syringes with something painless and the size of a penny. Dr. Stephanie Adams joined @DThompsonDev to share how @MicronBiomedical is making at-home, painless drug delivery a reality and what it means for global health, IP protection, and more. 🔗👇 https://t.co/9M44oRWdK3

many such cases @pugson https://t.co/lIXaBhQm1O

Creators Directory: A mini app to drive discovery and value for creators on @base @BasedCreators @coordinape Live at the Farcaster Mini App Spotlight presented by Seed Club & @monad_xyz with support from @LayerZero_Core Link to full demo on YouTube below https://t.co/bnMZ7ZlMVO

thank you @BoysClubWorld, very cool https://t.co/Ik4Us3s0em

Coinbase reported Q1 2025 earnings with revenue of $2.03 billion, below the market expectation of $2.2 billion. Transaction revenue was $1.26 billion, with trading volume reaching $393 billion, exceeding estimates. Adjusted EBITDA was $930 million, net income was $66 million, and adjusted net income was $527 million. USDC balances increased by 49% quarter-over-quarter, derivatives trading volume reached $804 billion, and assets under custody rose by $25 billion. https://t.co/CWxQv9hBse

Quarterly board meetings done differently

$ETH pumped by 20% and people are already calling for a new all-time high in May. Chill out. https://t.co/V4XElWbDxN

CT is waking up

We just gave your memecoins the best utility. YEET it. https://t.co/CvHbtkOvr3

Check us out, watch the cat bridge.

JUST IN: #Bitcoin hits $102,000 💥 https://t.co/qCWQB8lNwj

Sei Research Initiative’s 'Blockchain Bandits' explores how public DA and mempoolless design expose new MEV attack surfaces. Mitigations include commit-reveal schemes, threshold crypto, and timelock crypto with ASIC VDFs + economic watchdogs. Read here: https://t.co/PCwkwQQrzh

0 fees when you trade on Figure Markets. Sign up & get started ⤵️ https://t.co/A5jlQdzS9m

BTC is now at $102000

Can’t believe the pope took the name Pope Ditka II

Bitcoin breaks above 102,000 USDT

NEW: The #Bitcoin hashrate has already surged over 15% since the start of the year 👀 Bullish! 🚀 https://t.co/SFrDStHTFv

Happy Birthday! Thank you for supporting $DGB.

Celsius Founder Mashinsky Sentenced to 12 Years for Crypto Fraud Scheme #bitcoin https://t.co/flTkBdzuPO

Built on Ethereum.

Built for payments. https://t.co/ybnSrGAXt7

Tomorrow’s leaders are watching today’s builders.Let's build a future we’d be proud to hand off. 🚀#TRON #BUIDL https://t.co/XZrxc18h4O

Going to @licensingexpo May 20-22 in @Vegas? Want to understand how to leverage @Roblox to extend your brand's reach? @what_up_craig and team will be there to chat! DM to set something up. 🚨 https://t.co/HkS2GJCkwf

What a comeback in Florence!! 🇮🇹 Robin Gosens is on fire 🔥🔥 Fiorentina vs Betis delivering drama in the Conference League semi-final – don’t miss the action!👀 #UECL #FiorentinaBetis

"$XRP is a vast asset." In-person interview: @HugoPhilion x @JackNiewold Final touches underway. Subscribe to catch it first: https://t.co/MVXAUOaMqd https://t.co/AUFuwGVWOO

$TAO sits at the intersection of #crypto and #AI—two of the most transformative themes in tech. Our selection process is data-driven, thematic, and focused on long-term fundamentals. https://t.co/XwsBB5beDk

we have *a few* solutions https://t.co/GrTgh5LobC

Join us tomorrow at 1pm UTC with @alexlitreev of @SentinelDVPN & @norselabs + @zac_wickstrom from @VALTdata Fresh off a win at @token2049, Zac breaks down what’s next for VALT — an AI-powered personal data manager with a built-in Sentinel-powered dVPN 🎙️https://t.co/XS6spejr53 https://t.co/IpLLHb243r

Saucy Actions are back in Vibes set 2 Legend of the Lils. "Not Today!" features art from Yosuke Ando & @cluuuuuuur. Yosuke is the artist who created the Vibes logo and packaging for Enter the Huddle; he now joins us as a main set artist for the first time. https://t.co/iZX1a6f2CJ

Former FTX Executive's Wife Claims Government Coercion to Plead Guilty, Seeks Dismissal of Campaign Finance Charges

Every evening is a celebration when you have good friends like @s0meone_u_know 👀 https://t.co/NVcvaEyBPK

Last week was a big one for Lombard.At @token2049, the team had a great time leading conversations around BTCFi, sharing how Lombard is bringing real utility to Bitcoin, and connecting with both old friends and new faces.Scroll on for some of the highlights 👇👇 https://t.co/yDPkWH4e32

RISE testnet reached its first milestone.1,000,000,000 transactions and counting.Including 50,000 transactions in a single, 1-second block.This is what speed really feels like. https://t.co/dP0foeboaq

How do you prefer to engage with tech?

The internet has become a breeding ground for toxic ideas that spread like wildfire, infecting the minds of impressionable individuals who lack the critical thinking skills to discern truth from fiction.

$RSO & $BENFICA are now listed on @Cubexch ✅ 💥 $15,000 in Fan Tokens up for grabs 🔍 Full details in Cube Exchange’s post

📣 MARKET IMPACT Lutnick: If nations open their market, the best they can do is 10% #bitcoin https://t.co/NGKnxgL1Hi

You can hold and trade #SPX6900 on Kinto. https://t.co/fzUxlP3vPF

Standard price feeds in DeFi tell us what is, but seldom how good that data is under current conditions. This limits performance, especially in volatile environments.🧵👇 https://t.co/ZafbsE3MaI

🔥 Index Performance Update 🔥 Bitcoin: 101,419 (+5.26%) 📈 TOP PERFORMING INDEXES: 1. Memes & BTC on Base ($290.27): +25.62% 2. Protocols on Base ($262.55): +17.94% 3. INDX Lenders on Base ($589.01): +17.45% 4. INDX Blockchain Trio ETH-SOL-SUI ($770.40): +15.90% 5. Made in USA on Base ($394.60): +14.17% 6. Grayscale Trust on Base ($366.11): +13.35% 7. Coinbase 9 Index on Base ($320.98): +12.72% 8. INDX Classic BTC-ETH ($2,115.56): +11.47% 9. INDX Classic BTC-ETH-SOL ($1,165.04): +11.17% Build your own index at https://t.co/aQR9NDHSf0

heard @watchking69 and @BrenzCrypto accept payments in fwog https://t.co/DY2647Tc4t

Circle Payments Network. https://t.co/itLoj4LWdR

Welcome to Sui.

JUST IN: SEC and Ripple file settlement agreement to "resolve" enforcement action https://t.co/UBHhP6Ur26

"We really want to back founders that think big, think global, and try to use the best technology out there” said @aaronqfu, DCG's Director of Venture. Read more about his career journey, our approach to investing, and what's ahead for DCG in 2025.

Win your Share of Over $2,500,000 at CSOP Spring 2025 on CoinPoker! You will find all the important stuff in THIS VIDEO! 🔥 https://t.co/nxXDdqksFM

🦄 Unichain is now supported via Substreams!Alongside Subgraphs and Token API, @unichain devs can now stream fast, reliable data straight from the chain using Substreams on The Graph - ideal for real-time analytics, monitoring, and more.Get started ⬇️ https://t.co/0YxcYPSyMn

Want to serve IPFS content from your own domain? Ditch raw CIDs and use DNSLink or Filebase’s gateways with HTTPS + custom domains. Production-ready. Brand-aligned. Super simple. 👇 https://t.co/ylmjgyZb60

sweet ride, sweet tunes🏎️🎶 #RobloxDevs

#AgentSociety #AgentNetwork Feature Preview: These two images offer a preview of our "Agent Social Network" (ANS), a social space where humans and agents coexist to manage workflows and complex tasks. You can create agent-human groups similar to WhatsApp, Telegram, Discord, WeChat, and more. We'll showcase groups of agents collaborating for trading and DeFi automation. Now, let your imagination run wild — what else could humans and agents do together? - Could your memories form a digital twin that works while you sleep? - Could loved ones live forever through memory-imbued agents? - Could agents from different developers team up to manage your entire life — shopping, food delivery, booking flights, hotels, rides, and more? Share your ideas with us — and we’ll bring them to life.

Less than 1 week until @Consensus2025 by @CoinDesk in Toronto! ⏳ 🎤 On May 14 at 10:20 AM ET, don’t miss @CarlosDomingo on the Mainstage for “Tokenizing Everything: For Real This Time” with @nathanlallman (@OndoFinance) and @HiltnerJim (@Superstatefunds), moderated by @0x_tracy (@hiFramework). 🎤 Then at 4:00 PM ET, catch @Sonnenshein on the Summit Stage for a fireside chat with @ItaiElizur (@MarketAcross) on institutional adoption, tokenization, and what’s next. Catch up with the Securitize team and plan your week: https://t.co/QaC76CNpNP

https://t.co/F7cUTgb52U

Housecoin just makes sense @Cobratate @TateTheTalisman https://t.co/v1BrgoTfJa

What are we doing at the @avax Summit London, you ask!! 🔺 Here’s a breakdown. 🔺Dr. @rpchamria is conducting a workshop on “Building and Scaling L1 with Zeeve Cogitus” on 20 May 🔺Dr. @rpchamria is on an exhilarating panel to discuss “Launching your L1: Insights From Ecosystem Leaders.” 🔺Use code “Chamria15 to get 15% off on your GA tickets on https://t.co/8zjXvuy2cP 🔺Three of our leaders are on ground to discuss L1 and offer you the best & brilliant platform to launch L1s - https://t.co/xVMLrXr4nJ Deploy your Avalanche L1 in Minutes: https://t.co/ihpVWZJAQX $Avax #AvalancheSummit #London #ZeeveForAvax #DoitOnZeeve #ZeeveforL1 #L1

Step 1.The VFX Token liquidity has been locked on UNCX.You can check the LP lock here: https://t.co/6s5ZTxeHGKDextools, Dexscreener, and more will update automatically. https://t.co/LKTWd6Qqwm

ETH maxis right now 😅 https://t.co/Ln0UbcffAi

The CEO of BitMEX Discusses the Impact of Perpetual Swap Contracts on the Value of Altcoins

BitMEX CEO Analyzes the Impact of Perpetual Swap Contracts on the Value of Altcoins

Strategy plans to issue Series A perpetual preferred stock with a value of up to 21 billion USD at an 8.00% dividend rate, or may continue to increase its Bitcoin holdings.

Analyst: The 30-day average funding rate of perpetual contracts has dropped to a negative value, which may signal that the market has bottomed out.

MBOX Value Surges 23% Following Binance's New Perpetual Contracts Launch

MBOX Value Surges 23% Following Binance's Launch of New Perpetual Contracts

Bybit Launches SUNDOG 1-12.5x USDT Perpetual Contract, Achieves Record Market Value

Binance will launch ORDI 1-50x leveraged perpetual contracts based on U.S. dollar value.

Hyperliquid (HYPE) shows strong growth amid market uncertainty, with daily fee revenue surpassing Ethereum and Bitcoin

SoSo Daily May 6 | Bitget has launched USDT-margined perpetual contracts for ASR, ALPINE, and B2.

Planet Evening News: Swiss Central Bank Governor Talks About Cryptocurrency, Binance Launches Multiple Contracts, ZEREBRO DEV Token Market Cap Surpasses

SoSo Daily May 5 | Bit Digital applies for financing up to 500 million USD through ATM method

DeFi』s Next Evolution: How Protocols Become Platforms

Volatility is the most underutilized asset in DeFi, despite traditional options handling 2-3 times the notional volume of futures (~$10-15 trillion vs. ~$5-7 trillion). GammaSwap is changing that. Perpetual options unlock a powerful way to profit from crypto volatility even if you have no idea whether prices will go up or down. Unlike traditional options that expire or require you to pick a strike price, GammaSwap simplifies it: → No expiries → All positions are protected on downside → Positions can be held perpetually On the other hand, GammaSwap allows you to borrow LP positions to simulate option-like exposure. ✅ You long volatility by borrowing LP tokens (you profit as the price of the two assets diverge) ✅ You short volatility by supplying LP tokens (you earn when fees exceed price movement) Why it works: LP tokens represent positions in AMMs. When prices diverge significantly from the entry point, LPs suffer Impermanent Loss (IL). GammaSwap turns that IL into an opportunity. By borrowing LP tokens at a fixed ratio, you effectively take on a volatility position. When volatility increases (i.e., prices move), the LP token's value shifts relative to the borrowed reserves, and you profit. When you short volatility (by providing liquidity), you're betting that prices won't move much and you collect fees from traders taking the opposite position. Anyone can create a market for any token since there are no oracle requirements or external dependencies. Why this matters: 📈 Traders gain access to volatility exposure without needing to guess price direction 🛡️ LPs finally have a built-in hedging mechanism for IL 📊 Protocols gain deeper, more efficient liquidity from smarter participants 📚 Markets develop a native volatility surface over time, an essential building block for more advanced DeFi products GammaSwap is the next evolution of DeFi derivatives. With the upcoming yield token launch, users will access market-leading spot yields and can leverage hedged LP positions in other DeFi protocols, increasing their capital efficiency. GammaSwap yield tokens will drive significant growth in onchain liquidity.

Solana futures open interest approaches historical highs, with SOL price expected to rise to $200.

Sui Q1 Advanced Report: The Rise of BTCfi Infrastructure, the Boom of Lending Protocols, and the Future of Execution Sharding

What a way to kick off #MYPARTI! 🚀 In the same week that #MYXFinance made history as the first-ever chain-abstracted Perp #DEX in crypto, we hit a jaw-dropping $42 million in Total Value Locked! As the largest perp DEX on both #BSC and #Linea, MYX is setting the bar for perpetual trading with deep liquidity, ultra-low fees, seamless and gasless trading! 🔥 Massive thanks to @ParticleNtwrk for having our back as we completely flip the perp trading game. Now, you can trade across chains without all that hassle of worrying about gas tokens or switching wallets all the time. We’ve got you covered! The fun’s just warming up. Big things ahead! 😎

Strategy company purchased an additional 15,355 Bitcoins, bringing the total holdings to 553,555 Bitcoins, with a market value exceeding 52 billion USD.

SoSo Daily Apr 25 | Binance Wallet Launches 12th TGE Project: OKZOO

Important Update: LogX Foundation Ends Partnership with Bitget LogX Foundation has decided to end its partnership with Bitget Exchange for $LOGX token trading. As a team, we always prefer to focus on improving our product and stay away from fud, but in this case we believe it’s important to share our unfortunate experience with Bitget so that other projects can make informed decisions when considering them as a listing partner. 1. Listing Terms Changed at the last moment In June last year, Bitget offered to list $LOGX at no cost. After we finalized dates and details, they raised a compliance concern last moment related to our innovative prediction‑market perpetual feature and asked us to remove it. (A similar product was one of the most popular offerings on Polymarket during election season.) When we sought clarification, Bitget then introduced a listing fee. With our TGE date locked in, we reluctantly agreed to proceed under these last‑minute terms. 2. Unclear Use of User Rewards & Signup Data The listing fee included a security deposit tied to new sign‑ups and user rewards in $LOGX. Bitget allocated the “user rewards” without our approval and did not update us on the promised sign‑up metrics. To date, we are not certain whether those tokens went to actual users or were retained by Bitget. Multiple market‑maker contacts reported similar behavior with other projects. When we followed up on sign‑ups, Bitget said our numbers were insufficient and offered two options: forfeit our deposit or engage third‑party promoters—paid in tokens and stablecoins—to boost sign‑ups. 3. Shifting Liquidity and trading volumes rules Over several months, Bitget imposed increasingly changing liquidity targets and warned that low volume could affect our listing status. Some requirements were never part of our original agreement and changed repeatedly. They also pressed us to meet daily volume thresholds. When we explained that wash‑trading is not a fair‑market practice and is wrong as seen in multiple SEC filings (and that our market makers cannot comply), Bitget stopped responding to our concerns and continued to alter their liquidity requirement rules. We also asked about the latest Voxxel situation to check if the exchange is liquid, again no response by the Bitget team. Given these developments, LogX Foundation no longer views Bitget as the right exchange partner. We’ve heard similar feedback from over 15 project teams. We recommend our holders on Bitget to move on other exchanges for liquidity—one thing we have observed from data is that volume for $LOGX on Gate and KuCoin is far better than Bitget. We believe that transparent, on‑chain products will earn long‑term trust. In a few hours, we’ll reveal a new LogX product designed to enable free, fair and community aligned token listing where instead of taking value from projects, LogX will offer value at no cost. Details coming in our next tweet.

Ok ok… $104K and counting. ATH incoming? Yesterday 69% of you said we’d cross $100K, and it was no joke. What now?

🎙️ Join us tomorrow for an AMA with @OilXCoin as we learn how they're bringing the world’s most traded commodity into digital finance! 📅 May 9th @ 11 AM EDT | 3 PM UTCForm CRS: https://t.co/mIuBDAntFl https://t.co/R5oukrs7Ld

BTC is now at $104000

A couple of model changes... 1. Llama4 Maverick is being retired. It will be replaced with the new Qwen3 235b as our Venice Large model. 2. Llama 3.2 3b is also being retired. The new Qwen3 4b will replace it as our Venice Small model. The change will occur this coming Monday, May 12.

There is a brand new crypto game where the gameplay is happening on the charts. @CryptoKitties recently debuted the Rumor Mill, a memecoin (or Meowcoin) game. A game of buying the rumor, selling the news? Find out from @doodlifts how to play ⤵️ https://t.co/0alP7tctdp

A couple of model changes... 1. Llama4 Maverick is being retired. It will be replaced by the new Qwen3 235b as our Venice Large model. 2. Llama 3.2 3b is also being retired. The new Qwen3 4b will replace it as our Venice Small model. The change will take place this coming Monday, May 12.

BTC is now at $103000

A new castle has appeared in Terra Villa! Can you charm your way to rewards & climb the leaderboard? 🏰✨ @Aiveronica_ has brought 6 bachelor(ette)s, waiting for you to win their hearts 💘 🗝️ Pick up a Ruby Key 💬 Chat with the AI 🏆 Win rewards & climb the leaderboard! 🧵⬇️ https://t.co/OQ99if7u3v

ETH is now at $2200

Ethereum price breaks through $2,200, with a single-day increase of 7.42%

The internet never had native money—until now. Meet x402 introduced by @CoinbaseDev: a new protocol that embeds payments directly into HTTP. With @nearintents, you can pay using any asset from any chain—seamlessly integrated into every HTTP interaction.

💥 𝗝𝗮𝗰𝗸𝗮𝗹 – 𝗖𝗼𝗺𝗺𝗼𝗻 𝗦𝗠𝗚 A reliable submachine gun built for close-quarters combat. With its high fire rate (13.33 RPM) and fast reload (1.6s), the Jackal is perfect for fast-paced skirmishes. Though it has limited range (150m) and moderate damage (12 HP per shot), its 40-round magazine ensures sustained firepower. 🔹 Special Ability: If you reload with fewer than 10 bullets, your next magazine gets 10% more capacity and reloads 40% faster—keeping you in the fight longer. ⚔️ Ideal for: Quick, aggressive combat and close-range encounters. 👉Buy Now : https://t.co/4vXlJ47oiQ #LandRocker #LRT $LRT #P2E

👀

Welcome back, ETH.Don’t miss out on the upcoming GPTW airdrop! https://t.co/Nk7AGqH3ZN

Introducing dreamcore, weirdcore, digital decay, Y2K aesthetic, vaporwave, post-internet, corporate dystopia, low poly nostalgia— We're excited to welcome Colombian artist and filmmaker Manuel José González Olarte, aka Windows_2002 🔥! https://t.co/FNquoL2jN7

VeeFriends x PSA Magazines are starting to deliver! But there's one more Super Sticker to reveal, and you won’t find it in your pack. The Pot of Gold Super Sticker is extremely rare—as it can only be earned through a special redemption. 🌈 🧵 1/6 https://t.co/3xPBCPDftP

We have some projects to announce without giving too much away for a surprise; it involves hedgies.

Gm $100k #Bitcoin 👀

Today's summary: - New Pope - US/UK Trade Deal - Markets are pumping - Bitcoin reclaimed $100k - Coinbase bought Deribit - Intern is on his 14th coffee - Trump called Powell a "fool" - Recession at its lowest level in a month

$ETH Pectra mainnet update is now complete! Today the markets have reawakened with a tremor of inflows returning to $ETH 📝 $PEIPEI is ready for the weeks of incoming green candles 🟥🐸 We have solidified our names in the space and we thank you all for what's to come next 🥂

JUST IN: $235,000,000,000 added to the cryptocurrency market today. https://t.co/4N5Y2GHMTC

NEED TO KNOW:- Bitcoin Crosses $100K for First Time Since February. Juiced by hope of a trade deal, BTC once again crossed the significant barrier.- Stripe Launches 'Stablecoin-Powered' Accounts. The payments giant completed its $1.1B acquisition of Bridge in February.- Coinbase is Buying Derebit for $2.9B in Record Deal. The mostly-stock deal for the derivatives exchange is the largest crypto acquisition ever.

$BTBT Senior management will be hosting a live earnings call to review its First Quarter 2025 financial results on Friday, May 16th at 10:00am ET.Results will be published on our website after the stock market closes on Thursday, May 15th, prior to the earnings call.🔗 Register here: https://t.co/CGQlEOMaHH

Coinbase misses Q1 earnings and revenue estimates as trading activity dips 10% https://t.co/4IUcow4AkF

The Democratic Party's Public Opposition and Private Support for Trump's Cryptocurrency Plan

https://t.co/Yr4PchBTz3

Signal Decrypted: Seeker Speed Enhanced! ⚡️ Seekers now possess 2x Impact on reducing mission time in The Third Kingdom. Unleash your Seekers to slash mission duration and accelerate your Mycelium harvest! 🍄 https://t.co/LAOjOSonIL

Proud to be part of the STX ecosystem. https://t.co/yTDHNAVvq1

Receive, store, and send funds with a stablecoin balance on @stripe using fiat or Polygon rails in over 100 countries. Global payment rails are being rebuilt. Are you paying attention?

🚀 Big news from MinionLab!We’re now officially part of the Google for Startups Cloud Program 🎉💸 $200K+ in value unlocked✅ $100K in no-strings-attached credits for year one☁️ This supercharges our mission to build browser infra for AI agentsLet’s gooo → https://t.co/tj3D40jEt9 🌐

Axal's week in review ft. @ari48909 @kozyDOTai and @ericli1_ In this weekly review episode, the Axal team talks about @Gekko_Agent's price surge, crypto culture at Harvard, and updates related to Yield. Eric is an awesome addition, he's taking time off from Harvard to work at Axal. He has an INSANE resume working with orgs like @xai and more! Learn more below:

https://t.co/VeZAVzwn6M

Chromie Squiggle #8374 is listed on GONDI for sale at 4.15 ETH.The floor for Squiggles is on GONDI. https://t.co/4YCudoIgAx

CONGRATS @__________jamie is the "DUSTER OF THE DAY" For unwavering support of OUR $UFD Mission THEY win the GOLDEN HORN! 🦄🦄 -Please follow on X-🦄🦄 Every Action MATTERS Stay tuned for the NEXT winner, could be YOU 🦄💨✨ #GoodAttractsGOOD https://t.co/VWJvykPvTT

https://t.co/neqxGrWS4a

Listen to the Q1 2025 Earnings Call, starting at 5PM ET: https://t.co/WfPBpun3Zq

Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: report https://t.co/ySuCZ25psd

Price Surge: UNI is now at $5.90099

https://t.co/RqSMzHJcnh

Rugged to death on today's spaces, sorry! We'll be back.

Bitcoin miners MARA and CleanSpark post higher Q1 revenues, but both lose money https://t.co/nkrX2RSbY0

When did you find out Bitcoin crossed $100K again?Be the first to know with custom Watchlists on the new CoinDesk App and turn notifications on 🤳 Special thank you to our launch partner @Grayscale 🤝 https://t.co/k2uOBbXPAG

If MT Tower gave you a tarot card today… what would it be? 🃏 “The Locked Door”? “The Mirror”? “The Lost Key”? 🗝️ . . . Follow us! ✨Instagram🔗 https://t.co/FR1b0uO80e ✨X🔗 https://t.co/0dzB73PM5v ✨Telegram🔗https://t.co/gjnUPwgAsI ✨Thunder of Midgaard🔗 https://t.co/9EL7nzLQtq #mttower #thunderofmidgaard #gaming #game #clicker #ton #gamefi #airdrop #telegramminiapp #tonblockchain #ton #toncrypto #tonnetwork #telegram #telegramcommunity #miniapp #miniapps #webapps #mobileapps #crypto #cryptocurrency #cryptotrading #blockchain #web3

$102k

Imagine replacing syringes with something painless and the size of a penny. Dr. Stephanie Adams joined @DThompsonDev to share how @MicronBiomedical is making at-home, painless drug delivery a reality and what it means for global health, IP protection, and more. 🔗👇 https://t.co/9M44oRWdK3

many such cases @pugson https://t.co/lIXaBhQm1O

Creators Directory: A mini app to drive discovery and value for creators on @base @BasedCreators @coordinape Live at the Farcaster Mini App Spotlight presented by Seed Club & @monad_xyz with support from @LayerZero_Core Link to full demo on YouTube below https://t.co/bnMZ7ZlMVO

thank you @BoysClubWorld, very cool https://t.co/Ik4Us3s0em

Coinbase reported Q1 2025 earnings with revenue of $2.03 billion, below the market expectation of $2.2 billion. Transaction revenue was $1.26 billion, with trading volume reaching $393 billion, exceeding estimates. Adjusted EBITDA was $930 million, net income was $66 million, and adjusted net income was $527 million. USDC balances increased by 49% quarter-over-quarter, derivatives trading volume reached $804 billion, and assets under custody rose by $25 billion. https://t.co/CWxQv9hBse

Quarterly board meetings done differently

$ETH pumped by 20% and people are already calling for a new all-time high in May. Chill out. https://t.co/V4XElWbDxN

CT is waking up

We just gave your memecoins the best utility. YEET it. https://t.co/CvHbtkOvr3

Check us out, watch the cat bridge.

JUST IN: #Bitcoin hits $102,000 💥 https://t.co/qCWQB8lNwj

Sei Research Initiative’s 'Blockchain Bandits' explores how public DA and mempoolless design expose new MEV attack surfaces. Mitigations include commit-reveal schemes, threshold crypto, and timelock crypto with ASIC VDFs + economic watchdogs. Read here: https://t.co/PCwkwQQrzh

0 fees when you trade on Figure Markets. Sign up & get started ⤵️ https://t.co/A5jlQdzS9m

BTC is now at $102000

Can’t believe the pope took the name Pope Ditka II

Bitcoin breaks above 102,000 USDT

NEW: The #Bitcoin hashrate has already surged over 15% since the start of the year 👀 Bullish! 🚀 https://t.co/SFrDStHTFv

Happy Birthday! Thank you for supporting $DGB.

Celsius Founder Mashinsky Sentenced to 12 Years for Crypto Fraud Scheme #bitcoin https://t.co/flTkBdzuPO

Built on Ethereum.

Built for payments. https://t.co/ybnSrGAXt7

Tomorrow’s leaders are watching today’s builders.Let's build a future we’d be proud to hand off. 🚀#TRON #BUIDL https://t.co/XZrxc18h4O

Going to @licensingexpo May 20-22 in @Vegas? Want to understand how to leverage @Roblox to extend your brand's reach? @what_up_craig and team will be there to chat! DM to set something up. 🚨 https://t.co/HkS2GJCkwf

What a comeback in Florence!! 🇮🇹 Robin Gosens is on fire 🔥🔥 Fiorentina vs Betis delivering drama in the Conference League semi-final – don’t miss the action!👀 #UECL #FiorentinaBetis

"$XRP is a vast asset." In-person interview: @HugoPhilion x @JackNiewold Final touches underway. Subscribe to catch it first: https://t.co/MVXAUOaMqd https://t.co/AUFuwGVWOO

$TAO sits at the intersection of #crypto and #AI—two of the most transformative themes in tech. Our selection process is data-driven, thematic, and focused on long-term fundamentals. https://t.co/XwsBB5beDk

we have *a few* solutions https://t.co/GrTgh5LobC

Join us tomorrow at 1pm UTC with @alexlitreev of @SentinelDVPN & @norselabs + @zac_wickstrom from @VALTdata Fresh off a win at @token2049, Zac breaks down what’s next for VALT — an AI-powered personal data manager with a built-in Sentinel-powered dVPN 🎙️https://t.co/XS6spejr53 https://t.co/IpLLHb243r

Saucy Actions are back in Vibes set 2 Legend of the Lils. "Not Today!" features art from Yosuke Ando & @cluuuuuuur. Yosuke is the artist who created the Vibes logo and packaging for Enter the Huddle; he now joins us as a main set artist for the first time. https://t.co/iZX1a6f2CJ

Former FTX Executive's Wife Claims Government Coercion to Plead Guilty, Seeks Dismissal of Campaign Finance Charges

Every evening is a celebration when you have good friends like @s0meone_u_know 👀 https://t.co/NVcvaEyBPK

Last week was a big one for Lombard.At @token2049, the team had a great time leading conversations around BTCFi, sharing how Lombard is bringing real utility to Bitcoin, and connecting with both old friends and new faces.Scroll on for some of the highlights 👇👇 https://t.co/yDPkWH4e32

RISE testnet reached its first milestone.1,000,000,000 transactions and counting.Including 50,000 transactions in a single, 1-second block.This is what speed really feels like. https://t.co/dP0foeboaq

How do you prefer to engage with tech?

The internet has become a breeding ground for toxic ideas that spread like wildfire, infecting the minds of impressionable individuals who lack the critical thinking skills to discern truth from fiction.

$RSO & $BENFICA are now listed on @Cubexch ✅ 💥 $15,000 in Fan Tokens up for grabs 🔍 Full details in Cube Exchange’s post

📣 MARKET IMPACT Lutnick: If nations open their market, the best they can do is 10% #bitcoin https://t.co/NGKnxgL1Hi

You can hold and trade #SPX6900 on Kinto. https://t.co/fzUxlP3vPF

Standard price feeds in DeFi tell us what is, but seldom how good that data is under current conditions. This limits performance, especially in volatile environments.🧵👇 https://t.co/ZafbsE3MaI

🔥 Index Performance Update 🔥 Bitcoin: 101,419 (+5.26%) 📈 TOP PERFORMING INDEXES: 1. Memes & BTC on Base ($290.27): +25.62% 2. Protocols on Base ($262.55): +17.94% 3. INDX Lenders on Base ($589.01): +17.45% 4. INDX Blockchain Trio ETH-SOL-SUI ($770.40): +15.90% 5. Made in USA on Base ($394.60): +14.17% 6. Grayscale Trust on Base ($366.11): +13.35% 7. Coinbase 9 Index on Base ($320.98): +12.72% 8. INDX Classic BTC-ETH ($2,115.56): +11.47% 9. INDX Classic BTC-ETH-SOL ($1,165.04): +11.17% Build your own index at https://t.co/aQR9NDHSf0

heard @watchking69 and @BrenzCrypto accept payments in fwog https://t.co/DY2647Tc4t

Circle Payments Network. https://t.co/itLoj4LWdR

Welcome to Sui.

JUST IN: SEC and Ripple file settlement agreement to "resolve" enforcement action https://t.co/UBHhP6Ur26

"We really want to back founders that think big, think global, and try to use the best technology out there” said @aaronqfu, DCG's Director of Venture. Read more about his career journey, our approach to investing, and what's ahead for DCG in 2025.

Win your Share of Over $2,500,000 at CSOP Spring 2025 on CoinPoker! You will find all the important stuff in THIS VIDEO! 🔥 https://t.co/nxXDdqksFM

🦄 Unichain is now supported via Substreams!Alongside Subgraphs and Token API, @unichain devs can now stream fast, reliable data straight from the chain using Substreams on The Graph - ideal for real-time analytics, monitoring, and more.Get started ⬇️ https://t.co/0YxcYPSyMn

Want to serve IPFS content from your own domain? Ditch raw CIDs and use DNSLink or Filebase’s gateways with HTTPS + custom domains. Production-ready. Brand-aligned. Super simple. 👇 https://t.co/ylmjgyZb60

sweet ride, sweet tunes🏎️🎶 #RobloxDevs

#AgentSociety #AgentNetwork Feature Preview: These two images offer a preview of our "Agent Social Network" (ANS), a social space where humans and agents coexist to manage workflows and complex tasks. You can create agent-human groups similar to WhatsApp, Telegram, Discord, WeChat, and more. We'll showcase groups of agents collaborating for trading and DeFi automation. Now, let your imagination run wild — what else could humans and agents do together? - Could your memories form a digital twin that works while you sleep? - Could loved ones live forever through memory-imbued agents? - Could agents from different developers team up to manage your entire life — shopping, food delivery, booking flights, hotels, rides, and more? Share your ideas with us — and we’ll bring them to life.

Less than 1 week until @Consensus2025 by @CoinDesk in Toronto! ⏳ 🎤 On May 14 at 10:20 AM ET, don’t miss @CarlosDomingo on the Mainstage for “Tokenizing Everything: For Real This Time” with @nathanlallman (@OndoFinance) and @HiltnerJim (@Superstatefunds), moderated by @0x_tracy (@hiFramework). 🎤 Then at 4:00 PM ET, catch @Sonnenshein on the Summit Stage for a fireside chat with @ItaiElizur (@MarketAcross) on institutional adoption, tokenization, and what’s next. Catch up with the Securitize team and plan your week: https://t.co/QaC76CNpNP

https://t.co/F7cUTgb52U

Housecoin just makes sense @Cobratate @TateTheTalisman https://t.co/v1BrgoTfJa

What are we doing at the @avax Summit London, you ask!! 🔺 Here’s a breakdown. 🔺Dr. @rpchamria is conducting a workshop on “Building and Scaling L1 with Zeeve Cogitus” on 20 May 🔺Dr. @rpchamria is on an exhilarating panel to discuss “Launching your L1: Insights From Ecosystem Leaders.” 🔺Use code “Chamria15 to get 15% off on your GA tickets on https://t.co/8zjXvuy2cP 🔺Three of our leaders are on ground to discuss L1 and offer you the best & brilliant platform to launch L1s - https://t.co/xVMLrXr4nJ Deploy your Avalanche L1 in Minutes: https://t.co/ihpVWZJAQX $Avax #AvalancheSummit #London #ZeeveForAvax #DoitOnZeeve #ZeeveforL1 #L1

Step 1.The VFX Token liquidity has been locked on UNCX.You can check the LP lock here: https://t.co/6s5ZTxeHGKDextools, Dexscreener, and more will update automatically. https://t.co/LKTWd6Qqwm

ETH maxis right now 😅 https://t.co/Ln0UbcffAi