Quantinuum Pre-IPO Contract Price Surges by 30.5% in Four Days, Trader Achieves 126% Profit on First Day of Trading
June 2nd update: Per Hyperinsight Monitoring, QNT (Quantinuum) has surged 30.5% since its May 29 launch on Trade.xyz via Hyperliquid, currently trading at $94.2 and carrying a ~$23.9 billion valuation. The token has a 24-hour trading volume of $1.56 million, with open interest sitting at around $3.6 million.
Long positions opened on the contract’s launch day have delivered strong gains. One on-chain trader used 5x leverage to open a roughly $27,000 long position, now holding an unrealized profit of $34,000—equaling a 126% return on their principal.
Binance has also rolled out a corresponding Pre-IPO contract for Quantinuum, priced at $93.3 (a $0.9 gap from Hyperliquid’s rate). This contract boasts a 24-hour trading volume of ~$5.95 million and open interest of ~$1.99 million. To avoid confusion with Quant Network’s QNT (a spot/perpetual cryptocurrency), Binance assigned this Pre-IPO contract the code QNTX.
Background on Quantinuum: The firm is a Honeywell subsidiary focused on quant
7 minutes ago
ETH/BTC has increased by 3.73% in the past 24 hours, while BTC.D has dropped by 3.46% in the last month.
On June 2nd, per market data, ETH/BTC is up 3.73% over the past 24 hours, trading at 0.02824 as of press time. Bitcoin’s market dominance index (BTC.D) has dropped 3.46% over the last month, standing at 59.05%. Meanwhile, altcoin market dominance (OTHERS.D) has surged 17.8% in the same timeframe, hitting 8.21%.
The data points to a deepening bearish trend in the crypto market, with additional liquidity being pulled out amid the U.S. stock market’s bullish momentum—leaving major assets like BTC, ETH, and SOL under persistent pressure. Of these, Bitcoin has been the weakest performer in recent days, trapped in FUD surrounding the so-called "Death Cross Strategy." Meanwhile, altcoins that were long neglected, having traded oversold for an extended stretch and seen minimal selling pressure, have given large market players room to maneuver, leading to moderate price gains for these assets.
7 minutes ago
Bitcoin has dropped to a near two-month low, exacerbating the divergence between the stock market and the crypto market.
On Tuesday, June 2, Bitcoin dipped to its lowest point since April 7, marking a more than 4% single-day slide and a roughly 8% cumulative drop over the past week. The crypto’s slump stands in sharp contrast to the U.S. stock market, which has been notching new all-time highs lately: the S&P 500 topped 7,600 points, while the Nasdaq broke through the 27,000 level—amplifying the growing trend divergence between cryptocurrencies and traditional risk assets.
Andri Fauzan Adziima, research director at Bitrue Research Institute, notes Bitcoin is practically the only major asset class posting a meaningful pullback right now. The market is treating it as a high-beta risk asset driven by macro risk sentiment, not a standalone hedge tool, he explains. That said, Adziima argues this divergence is likely a cyclical blip—once the macro environment improves, Bitcoin should reclaim its relative strength.
On-chain analytics firm Santiment points out the performance gap between traditional equities a
7 minutes ago
Spot Silver Surges Over 2% Intraday, Now Trading at $76.33 per Ounce
On June 2, according to Bitget market data, spot silver's intraday price gained more than 2% to trade at $76.33 per ounce. The intraday advance for New York COMEX silver has widened to 2%, currently changing hands at $76.76 per ounce.
7 minutes ago
Hock Tan Says Marvell Will Become the "Next Trillion-Dollar Market Cap Company," MRVL Surges Nearly 30% in Short Time
June 2: Marvell CEO Matt Murphy delivered a keynote address titled "The Future of AI Depends on Connectivity" at Taipei Nangang Exhibition Center, with NVIDIA CEO Jensen Huang making a special guest appearance at the event.
During the event, Jensen Huang publicly stated that Marvell will become "the next trillion-dollar company," highlighting the firm’s critical role in AI data center connectivity, optical interconnects, custom silicon (XPU), and the NVLink Fusion ecosystem. He noted that connectivity is emerging as the next major bottleneck for advancing AI infrastructure.
Following the event, Marvell’s stock (ticker: MRVL) surged 12 to 16% in pre-market and after-hours trading, rapidly approaching the $200 billion market capitalization mark. On trading platform Trade.xyz, MRVL hit an intraday high of $275.5 at its peak, and was last trading at $257 as of press time, marking a 25.27% gain over the past 24 hours.
7 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
