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On April 27, Huawei Qiankun Intelligent Automotive Solutions officially released the "Intelligent Assisted Driving Safety Initiative" today. In the initiative, a total of 11 auto brands executives signed, including GAC, SAIC, JAC, Audi, Dongfeng Mengshi, Lantu, Deep Blue Auto, BAIC, Avita, Seres, Chery Automobile, etc.On April 27, the official website of the State Financial Supervision and Administration showed that Xu Xiaozheng, deputy director of the Inclusive Finance Department, has been appointed as member of the Party Committee and deputy director of the Shenzhen Regulatory Bureau of the Financial Supervision Administration.On April 27, since February this year, the tariff increase policies issued by the United States have caused fluctuations in the cross-border e-commerce industry. Mai Li Ni, a senior practitioner in cross-border e-commerce, talked about the recent tariff policy of the United States with obvious helplessness in his tone. He said that his most personal feeling is that this directly hit the survival space of e-commerce companies, freezing the entire industry and even the supply chain. The price comparison platform "Smart Exploration" said that they monitored 930 Amazon products that have increased in price since April 9. With the sharp increase in tariffs, the average price increase of these products reached 29%, covering multiple categories such as clothing, household goods, electronic products and toys. There are also several e-commerce platforms that announced that due to the increase in operating costs caused by "recent changes in global trade rules and tariffs", price adjustments will be implemented from April 25. Commodity prices have soared, and consumers and companies are under double pressure. In this regard, Mai Li Ni said that it is difficult for the US government to achieve its desired "manufacturing return" so simply by imposing tariffs.Conflict situation: 1. According to the Ukrainian Pravda: Russia lost 1,110 soldiers in the past 24 hours. 2. The Russian Chief of General Staff said that the Kursk region has been completely recovered, and the Ukrainian side said that this statement is untrue. 3. The Ukrainian military: Our troops continue to operate in the Belgorod Oblast of Russia. 4. According to the Ukrainian National News Agency: The Russian army launched 414 attacks in the Zaporizhia region at night. 5. A Russian drone attacked a nine-story residential building in the industrial area of Dnipropetrovsk, Ukraine, killing one person and injuring at least three people, including a child. 6. According to the Polish Armed Forces, a Russian military helicopter crossed Polish airspace and entered the Baltic territorial waters. The nature of the incident shows that Russia is testing the defense readiness of Polands air defense system. Peace talks: 1. Ukraine said it still takes time to finalize the text of the Ukrainian-US mineral agreement. 2. Zelensky announced a meeting with Trump and emphasized the realization of a comprehensive and unconditional ceasefire. 3. Russian Foreign Minister: Russia will not disclose the progress of the negotiations before the conclusion of the Russian-US negotiations on Ukraine. 4. Ukrainian President Zelensky is reportedly scheduled to meet with European Commission President von der Leyen on Saturday. 5. Ukrainian Presidential Office: Ukrainian President Zelensky met with French President Macron. 6. According to Interfax: Russian President Putin confirmed during a meeting with US Special Envoy Vitkov that Russia is ready to negotiate with Ukraine without preconditions. April 27, a person familiar with the matter said on Saturday that the European Central Bank has set up a special task force led by Vice President Guindos, which will seek ways to simplify European banking rules. The source said that the central bank governors of Germany, France, Italy and Finland also participated in the working group. However, the European Central Bank has no right to amend the rules-this is the prerogative of the European legislature in Brussels, so any recommendations of the special task force must be submitted to Brussels for review. It is reported that this action stems from a letter jointly sent by the governors of the central banks of Germany, France, Italy and Spain to the European Commission this year, calling for the simplification of "overly complex" European banking rules.

Everything You Need to Know About Leveraged Tokens like TRXUP & BTCUP

Cameron Murphy

Apr 13, 2022 09:54


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In the crypto world, leveraged tokens are becoming more popular.


Binance leveraged tokens and FTX leveraged tokens are two prominent forms of leveraged tokens.

While leveraged tokens offer certain benefits, they also come with some hazards.


Because of the complicated principles and lack of knowledge, the world of cryptocurrencies is aptly referred to as the "wild west" of finance. To the untrained eye, the area seems to be a tangle of sophisticated currencies and ecosystems.


Leveraged tokens are one such complicated notion in the crypto-verse that will be examined in this post.

What are Leveraged Tokens?

Leveraged tokens, as the name indicates, provide traders and investors with a leveraged trading position. This would imply that while utilizing such tokens, profits and losses would be compounded.


Leverage coins, unlike typical trading techniques, are generally ERC-20 tokens that provide holders with leverage. Traders benefit from these tokens since they don't have to worry about margins or comprehend liquidation risk.


Customers may trade leveraged tokens on top exchanges including Binance, Bittrex, and FTX. By making this token class accessible to retail audiences, the same has functioned in its favor.


Leveraged tokens, unlike margin trading, let traders to obtain exposure to leveraged positions without putting up any collateral or risking liquidation. Traders, on the other hand, do not have to be concerned about liquidation risk or other hazards connected with leveraged tokens, such as the impact of price fluctuations in the perpetual contracts market, premiums, or funding rates.

Top Leveraged Tokens in The Market

Leveraged tokens are a collection of perpetual contract holdings whose value is linked to movements in the perpetual contract market. As a result, changes in the perpetual contract market have an impact on traders' leverage situations.


Some of the most popular leveraged tokens, such as TRXUP, BTCUP, and BTCDOWN, are linked to Tron and Bitcoin. TRXUP is a leveraged coin with a current price of $0.06156848 and a 24-hour gain of 4.02 percent, according to Coin Market Cap statistics. These coins are available for purchase on Binance, FTX, and other leading exchanges.


Binance, for example, provides leveraged tokens as a derivative that can be traded on the spot market. Leveraged tokens provide both fixed and variable leverage, and they rebalance themselves every day at 00:02:00 UTC or if the spot market price changes by 10%.


While leveraged tokens provide bigger earnings, they are vulnerable to volatility decay, or the negative effect of volatility on the investment. Another concern is that they often charge extra administration fees.


Daily management fees for top leveraged tokens like Binance Leveraged Tokens and FTX Leveraged Tokens are 0.01 percent and 0.03 percent, respectively.

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