Core Insights - Gemini Space Station Inc. has received approval from the Commodity Futures Trading Commission (CFTC) to operate a derivatives exchange, marking its entry into the prediction markets sector [1][4] - The company plans to allow US customers to trade event contracts related to economic, financial, political, and sports forecasts through its website and mobile app [2] - Following the approval, Gemini's shares surged by as much as 28% in extended trading, indicating strong market interest [3] Company Developments - Gemini aims to expand its derivatives offerings to include crypto futures, options, and perpetual contracts, which are already popular in overseas markets [3] - The approval process for Gemini's derivatives exchange took over a year, highlighting the regulatory challenges in launching such platforms [4] - Tyler Winklevoss, co-founder of Gemini, has been appointed to the CFTC's CEO Innovation Council, which includes other notable figures from the digital assets industry [6] Industry Context - The approval of Gemini's derivatives exchange reflects a growing interest in prediction markets and crypto-related derivatives, despite ongoing legal uncertainties in the sector [4] - The move positions Gemini alongside other crypto-native firms like Polymarket, which are exploring the intersection of digital assets and prediction markets [4]

Core Insights - Brett Harrison has launched AX, a new exchange focused on perpetual futures for non-crypto assets, marking his return to the crypto and trading space after the FTX collapse [1][5] Group 1: Company Overview - AX is developed by Architect Financial Technologies and offers perpetual contracts on various asset classes including foreign currencies, single stocks, ETFs, interest rates, metals, and energy [2] - The exchange is based in Bermuda and operates under the regulatory framework of the Monetary Authority's Investment Business and Digital Asset Business Acts, emphasizing security and transparency [2] - AX utilizes technology from Connamara Technologies for matching trades and allows portfolio margining across different asset classes [2] Group 2: Features and Target Audience - The platform combines the capital efficiency and operational simplicity of crypto perpetual contracts, supporting USD and stablecoin collaterals [3] - AX is primarily open to institutional clients such as hedge funds and market makers, with a waitlist established for individual traders [3] - The development of AX involved a year-long collaboration with regulators and partners to ensure compliance and functionality [3] Group 3: Market Context - Architect Financial Technologies is raising Series A funding from notable investors including Coinbase Ventures and Circle Ventures [4] - The launch of AX follows the emergence of other trading platforms like Hyperliguid and Aster, which are also focused on perpetual contracts [4] - Recent developments in the trading platform landscape include Galaxy's launch of a crypto trading platform aimed at competing with Robinhood [4]

新功能发布 - Bybit 推出永续合约动态结算频率系统 [1] - 该系统通过动态调整资金费率结算频率来提高交易效率和响应能力，以适应实时市场状况 [1] 交易策略 - 交易者可以直接在平台上查看最新的结算频率，并随着市场条件的变化调整其策略 [1]

Trading Features - Offers leveraged trading, limit orders, take profit and stop loss functionalities for perpetual contracts [1] Platform Promotion - Promotes a platform for trading perpetual contracts with precision [1]

Product Update - MetaMask Mobile 上线 Perps 交易功能 [1] Future Plans - 即将推出奖励机制 [1]

Trading Competition - Bybit 平台正在进行 XANUSDT 交易竞赛，与 Anoma 合作 [1] - 交易 Perpetual Contracts 有机会分享 500,000 XAN 奖池 [1] Prize Pool & Activities - 奖池包含 500,000 XAN 代币 [1] - 活动包括交易量竞赛和幸运抽奖 [1]

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Market Position - Hyperliquid achieved $1.5 trillion in trading volume [1] - Hyperliquid generated $300 million in revenue [1] - Hyperliquid holds 70% on-chain market share [1] - 65% of Arbitrum's USDC is locked on Hyperliquid [1] Trading Performance - The largest trade profit in the last 24 hours was $22.38 million [1] Technology & Features - Hyperliquid offers zero gas perpetuals [1]