Trade.xyz launches the US biotech ETF XBI perpetual market, offering 10x leverage.
Trade.xyz announced that the perpetual market for State Street SPDR S&P Biotech ETF (XBI) is now live, supporting 10x leverage and offering 24/7, 365-day trading. Each XBI unit corresponds to one share of the State Street SPDR S&P Biotech ETF and is priced in U.S. dollars. The ETF is listed on NYSE Arca and tracks the S&P Biotechnology Select Industry Index, an adjusted equal-weight index covering U.S. biotech companies.
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HYPE briefly hits $84.825, setting a new all-time high.
According to HTX market data, HYPE briefly hit a historical high of $84.825, and is currently trading at $84.3, with a 3.59% gain in the past 24 hours.
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Iranian sources: Details of Strait of Hormuz agreement remain under negotiation
Spokesperson of Iran's Islamic Revolutionary Guard Corps Hossein Mohebi said on the 26th that Iran and Oman have reached a mutually acceptable agreement on the proportion of waters each controls in the Strait of Hormuz and the distribution of benefits. However, a senior Iranian source stated that the two sides are still negotiating the specific details. Earlier this month, Iran had announced that the agreement was near completion. Iran also accused the US of continuously obstructing the Iran-Oman negotiations, leading to delays in the negotiation process. (CCTV News)
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Trade.xyz Launches SHEIN Pre-IPO Perpetual Contract Market
According to official announcements, Trade.xyz has launched a pre-IPO market for SHEIN. This market reflects the market's pricing of the expected per-share price of Class B ordinary shares of SHEIN Global Holdings Limited. SHEIN is scheduled to list on the Hong Kong Stock Exchange on September 1, with the stock code 0625. Currently, the IPO price range for SHEIN's Hong Kong shares is HK$47.60 to HK$49.50. Trade.xyz stated that after SHEIN's listing, its oracle will convert the Hong Kong stock price to U.S. dollars based on the then-prevailing USD/HKD exchange rate.
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Anonymous Q&A game Chomp secures $3.6 million in funding, jointly led by Jsquare and Blueyard.
According to official announcements, anonymous Q&A social game Chomp has secured $3.6 million in funding, jointly led by Jsquare and Blueyard, with participation from VCs including Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, and Caballeros. Chomp is a social game built on anonymous Q&A and prediction mechanics, allowing users to answer questions and predict others’ responses to uncover public sentiment and their own cognitive biases in perceiving others. Beyond its consumer product, Chomp applies this anonymized, well-labeled opinion data to use cases such as AI model training and consumer research. The company believes this type of data can capture subjective opinions hard to access from the public internet, providing high-context data for AI models. Founder and CEO Kiko previously served as COO of Orca, a decentralized exchange in the Solana ecosystem.
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Fed's Hamaker: Inflation Remains Above Target, Time to Act Now
Federal Reserve's Hamarck said that given persistent inflation, it is appropriate for the Fed to take action now to lower inflation. The top concern at present is that the public will lose confidence in the inflation rate returning to 2%, and she warned that inflationary psychology may begin to take shape. The latest inflation data is in line with expectations, but she does not currently believe that Fed policy is constraining the economy, nor has any clear restrictive policy been observed in financial conditions for the time being. She noted that businesses and the public are very concerned about inflation and cost-of-living issues. In addition, the neutral interest rate level she deems appropriate is higher than that of other Fed officials, and she emphasized that the U.S. Treasury has its own goals, while the Federal Reserve will maintain independent operations to achieve its own objectives.
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