trade.xyz Launches Event Contracts, Officially Enters the Prediction Market Space

According to official announcements, Hyperliquid has launched trading for the SNXX contract, the Tradr 2X Long SNDK Daily ETF, with a maximum leverage of 10x. Data shows that the SNXX code was purchased by trade.xyz for 500 HYPE.

Beating AI Flash News: NVIDIA CEO Jensen Huang stated at a Goldman Sachs conference that cybersecurity is the next key application scenario for AI. Additionally, Huang revealed that NVIDIA’s Grace Blackwell shipments rose 27% month-on-month. The company’s stake in Anthropic is growing rapidly, and he emphasized that NVIDIA’s relevant investments are not circular investments.

ARK Invest Research Director Lorenzo Valente published a post stating that stablecoins have clear network effects. Though thousands of stablecoins exist in the market, the number of projects capable of reaching corresponding scales drops rapidly as the market capitalization threshold rises. Valente pointed out that the count of stablecoins with a market cap exceeding $1 billion has only grown from single digits since 2021 to 12 currently, marking very limited growth. The number of stablecoins with a market cap over $10 billion hit a peak of 4 in 2022, but now only Tether and Circle’s stablecoins remain. Valente believes that breaking into the $10 billion market cap tier is already extremely difficult, and the stablecoin segment above $100 billion may remain dominated by Tether and Circle for the long term. He added that only one stablecoin is likely to reach a market cap exceeding $500 billion in the next two years or more.

According to Bitget market data, WTI crude oil has broken through $101 per barrel, rising 5.16% intraday. Brent crude oil has surpassed $107 per barrel, gaining 5.72% on the day.

According to Polymarket data, the probability that the U.S. will pass an artificial intelligence security bill this year has doubled to 30%, amid growing warnings from researchers about AI risks.

According to TradingBeats monitoring, whale address 0xfc...59d9d is currently heavily long on two crude oil assets, with a total position value of approximately $47.16 million and a combined floating profit of around $3.29 million. This address is the largest holder of WTI and Brent crude oil long positions on Hyperliquid. Specifically, it holds about 189,600 units of WTI crude oil xyz:CL 20x long positions, with a position value of roughly $18.8 million, an average entry price of approximately $92.07, and a current floating profit of about $1.3475 million. Meanwhile, it holds around 272,500 units of Brent crude oil xyz:BRENTOIL 20x long positions, with a position value of approximately $28.36 million, an average entry price of roughly $96.94, and a current floating profit of around $1.9465 million. Additionally, the address also holds about 248.03 BTC in 10x short positions, with a position value of approximately $19.12 million, an average entry price of about $78,456, and a current floating profit of roughly $336,000.