Comparative news, according to Outcome quoting related statements, the CEO of CME Group said that TradeXYZ and Hyperliquid are having an impact on the US market. The above view points to the spillover effects of decentralized perpetual contracts and on-chain trading platforms on traditional markets in terms of liquidity, price discovery, and trading activity.
Comparative news, according to TradingBeats statistics, Hyperliquid's primary DEX has an OI of about US$8.180 billion, accounting for 66.97% of the total OI with Trade.xyz; Trade.xyz is about US$4,035 million, accounting for 33.03%. Twenty-four hours ago, they accounted for 64.18% and 35.82%, respectively. Crypto's perpetual share increased by about 2.79 percent in 24 hours, but most of this came from nominal revaluation brought about by the rise in BTC and ETH. If the current number of contracts is revalued uniformly based on the price within 24 hours, the share of cryptographic perpetuity only rose to 64.44%, an increase of about 0.26 percentage points over the previous period; if the number of contracts remained the same 24 hours ago and only the current price was applied, the share could rise to 66.67%. According to this estimate, of the 2.79 percentage point share increase in this round, about 2.49 percentage points, or nearly 90%, came from price increases, and the actual change in the number of contracts contributed only about 0.3 percentage points. After removing the price impact, both sides are actually deleveraging. At current prices, native crypto OI decreased by about $147 million, and Trade.xyz decreased by about $129 million; however, Trade.xyz contracted by about 3.1% compared to the previous value, which is higher than 1.8% of native crypto. BTC is the most obvious: it has risen by about 8.6% in the past 24 hours, but OI has decreased by about 2,542 BTC, to about $177 million at current price; nominal OI still rose from $2.42 billion to $2.49 billion. ETH rose by about 18%, and the nominal OI increased by about 310 million US dollars, but in reality only about 1,475 ETH was added, which is about $3.34 million at the current price. HYPE was the main exception. While its price increased by about 23.2%, OI increased by about 811,000 units, equivalent to $58.36 million at the current price. The return of 67% of the share of cryptographic perpetual OI does not mean that BTC and ETH have added large-scale leveraged funds. It is mainly driven by rising currency prices, increasing nominal OI, and the faster deleveraging speed of Trade.xyz.
Comparative news, market data shows that when A-shares opened, the Shanghai Index rose 0.33%, the Shenzhen Stock Exchange Index rose 1.03%, and the GEM Index rose 1.27%. Innovative drugs and gold concepts had the highest gains. Yushu Technology opened and fell 6.51%, and its stock price was 790 yuan. Yesterday, it closed up 460%. Currently, the Trade.xyz Shangyu Technology contract is tentatively reported at $111.74.
Comparing news, market data showed that Yushu Technology's increase narrowed to 486% in the afternoon to 883.85 yuan. On trade.xyz, the contract price of Shangyu Technology is tentatively estimated at $123.63.
Comparing news, the Trade.xyz Shangyu Technology contract boosted above $140 in a short time, up 29.64% in 24 hours, and is now at 133.74. Furthermore, N Yushu's turnover exceeded 10 billion yuan, and the stock price is now reported at 911 yuan, an increase of around 500%.
Comparatively, the increase in A-share N Yushu-W (688836) narrowed to 500% after opening. Currently, the price of the Trade.xyz Unitree (Unitree) perpetual contract rose 25% to smooth out the negative premium and is now at $131.
Comparatively, in less than half an hour since Yushu Technology was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, its stock contract quickly rose above $100 on trade.xyz, and was tentatively reported at $103.75.
![[Comparative Daily News Picks] WSJ: OpenAI's second-quarter revenue increased 18% month-on-month, but losses widened; Google plans to buy the bankrupt airline Spirit Airlines data for $10 million to train AI models; Yushu Technology's OTC price soared to 678.85 yuan, creating new potential revenue that could reach 263,900 yuan; the US SEC officially proposed Regulation Crypto Assets, and some crypto asset issuance plans to exempt SEC registration; traders are currently Hedge against the risk of the Fed turning to interest rate cuts in 2027](https://images.bitpush.news/2026/07/special_cn-20260722-178475937961478878.png:WechatIMG2656.png)
Daily AI · Crypto · Macro · Market News, Bitpush helps you focus ↓ AI · News [WSJ: OpenAI's revenue increased 18% month-on-month in the second quarter, but losses increased]. According to the Wall Street Journal, OpenAI told investors that its second-quarter revenue increased 18% compared to the first quarter, but losses widened further. This result disappointed some shareholders. They originally hoped the startup would make more progress and catch up with its rival Anthropic. According to people familiar with the matter, the company's revenue reached 6.7 billion US dollars in the three months ending June, compared to 5.7 billion US dollars in the first quarter. At the same time, its operating margin declined further, making the company's prospects for achieving profit even more slim before its much-anticipated IPO. [OpenAI strengthens AI security protection to prevent models from getting out of control] Compared to the news, OpenAI announced that it will adopt stricter system monitoring and security protection measures to prevent artificial intelligence models from getting out of control. The company plans to alert security teams within 30 minutes of finding an issue and add controls to prevent AI models from connecting to the internet to perform high-risk tasks. OpenAI has also suspended inference tasks and training plans for some models until safety verification is completed. [Google plans to buy data from the bankrupt airline Spirit Airlines for 10 million dollars to train AI models] Comparing news, Google has agreed to buy some corporate data from Spirit Airlines, an airline that has filed for bankruptcy, for 10 million dollars to improve its products and AI models. Relevant data includes internal emails, Microsoft Teams chat logs, calendars, spreadsheets, reservations and frequent flyer records, and marketing, productivity, operations, and employee human resources data. Spirit said data delivered to Google will be desensitized to remove personally identifiable information. The deal is also facing competition. AI data company Mercor previously bid $7.5 million to buy related data. Currently, the deal still needs to be approved by the US Bankruptcy Court. US Bankruptcy Judge Sean Lane is expected to review the deal on Wednesday local time. Spirit Airlines ceased operations in May of this year and is in the process of selling the remaining assets through bankruptcy proceedings. [Anthropic's pre-listing credit limit may exceed $10 billion] In comparison, market sources say Anthropic's pre-listing credit limit may exceed the $10 billion target. [Yushu Technology's OTC price soared to 678.85 yuan, which may reach 263,900 yuan in new potential revenue] According to comparison news, Yushu Technology will be officially listed and traded on August 19. Currently, the pre-market perpetual contract on Trade.xyz (Unitree)'s IPO price is 100.71 US dollars, about 678.85 yuan, which is about 3.5 times higher than the issue price of 150.8 yuan. Based on the current OTC price, if you sign a contract at the issue price, the theoretical profit surges are about 263,900 yuan. The Science and Technology Innovation Board's IPO plans to issue 404.464 million shares, accounting for 10% of the total share capital after issuance; 500 shares are signed, and the single subscription payment is about 75,400 yuan. Previously, when the average market value of the Shanghai account reached or exceeded 60,000 yuan, you could get 12 license numbers and purchase the maximum 6,000 shares. The probability of winning is exactly the same for large eligible investors and retail investors. Crypto Market [US SEC Officially Proposes Regulation Crypto Assets, Some Crypto Asset Issuance Proposes Exemption from SEC Registration] In comparison, the Fox Business crypto reporter posted an article on the X platform saying that the US Securities and Exchange Commission (SEC) has officially proposed Regulation Crypto Assets to establish a new framework for US crypto asset fund-raising. The proposal would allow partial issuances not to be registered with the SEC without accumulating more than $5 million over four years or $75 million per year; establish a conditional safe harbor for crypto assets after the issuer's critical management work has been completed; and exempt related offerings from securities registration requirements in some states. The proposal is now open for comment for 60 days. [Brian Armstr...
Comparatively, Hyperliquid Policy Center (HPC) and TradeXYZ jointly submitted an opinion letter to the US Securities and Exchange Commission (SEC) introducing pre-IPO perpetual contracts (IPOPs) and arguing that US investors should have the right to participate in such markets. According to the opinion letter, the opening of the Cerebras listing was 89% higher than the IPO price, SK Hynix was 14% higher, and SpaceX was 11% higher. Every time the open market on Hyperliquid gave a price signal before the official transaction began. TradeXYZ has launched 5 IPOP (initial public offering price options) markets on Hyperliquid. iOps is a cash-settled perpetual derivative. It refers to the expected public listing price of a private company. It is used for pre-listing price discovery. It does not represent shares, subscription rights, or any securities rights. In the letter, the parties set out the issues that the SEC needs to resolve before allowing such markets to serve US investors, and believe that IPO modernization can use this price signal for issuers and investors.
Comparatively, YuShu Technology will be officially listed and traded tomorrow (August 19). Currently, the pre-market perpetual contract for Unitree (Unitree) IPO on Trade.xyz is worth US$100.71, or RMB 678.85, which is about 3.5 times higher than the issue price of 150.8 yuan. Based on the current OTC price, if you sign a contract at the issue price, the theoretical profit surges are about 263,900 yuan. The Science and Technology Innovation Board's IPO plans to issue 404.464 million shares, accounting for 10% of the total share capital after issuance; 500 shares are signed, and the single subscription payment is about 75,400 yuan. Previously, when the average market value of the Shanghai account reached or exceeded 60,000 yuan, you could get 12 license numbers and purchase the maximum 6,000 shares. The probability of winning is exactly the same for large eligible investors and retail investors.