Gate.io Launches INIT Perpetual Contract Pre-trading

May 22 — Per Alternative Data, today’s cryptocurrency Fear & Greed Index stands at 28, a 1-point drop from yesterday’s 29 and remaining firmly in "Fear" territory for the crypto market. For reference: The Fear & Greed Index operates on a 0–100 scale, with its score calculated from six weighted indicators: Volatility (25%), market trading volume (25%), social media hype (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google Trends analysis (10%).

On May 22, per Bitget market data, the storage concept sector in Hong Kong equities posted a short-term rally. Zhiyun (03986.HK) surged more than 11% at its intraday peak, while Rising Nonferrous (06809.HK) climbed over 5%.

May 22: Coinglass data shows that as Bitcoin holds steady, funding rates across major centralized (CEX) and decentralized (DEX) crypto exchanges are reflecting softening bearish market sentiment. BlockBeats Note: The funding rate is a mechanism cryptocurrency exchanges use to keep perpetual contract prices aligned with the underlying asset’s value. It is a fee exchange between long and short traders—exchanges do not collect this amount. The rate adjusts the cost or profit for traders holding contracts, ensuring contract prices stay close to the actual asset’s market price. To contextualize: A 0.01% funding rate is the baseline. When the rate exceeds 0.01%, it typically signals broad bullish sentiment. When it drops below 0.005%, it generally points to widespread bearish sentiment.

May 22 – Per Bitget market data, Hong Kong’s stock market AI applications sector continued to strengthen. Wisdom Power International (02513.HK) surged over 30%, MINIMAX-W (00100.HK) rose more than 20%, while UDrive Innovations (02431.HK) and DeepBlue Technology (06682.HK) also joined the rally.

On May 22, according to Bitget market data, Situational Awareness LP—owned by 25-year-old Wall Street AI stock guru Leopold Aschenbrenner—made its first net purchases of holdings in Q1 2026, triggering modest after-hours gains for the following stocks: T1 Energy (TE) rose 1.03% to $8.81, while HIVE Digital (HIVE) climbed 2.34% to $3.94. Both companies are currently operating at a loss and carry negative P/E ratios, defined as total market value divided by the sum of their most recent four quarters’ net profits.

May 22, per Bitget Market Data: The U.S. storage sector posted substantial gains, while after-hours trading saw mixed results for key stocks in the group. Micron Technology (MU) edged down 0.11%, SanDisk (SNDK) slipped 0.47%, Western Digital (WDC) ticked up 0.49%, and Seagate Technology (STX) advanced 0.57%.