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On December 7th, French President Emmanuel Macron announced on December 6th that he would travel to London on the 8th to meet with Ukrainian President Volodymyr Zelensky, British Prime Minister Keir Starmer, and German Chancellor Andrea Merz to jointly assess the current situation in Ukraine and the peace negotiations being conducted under US mediation. Macron stated that the situation in Ukraine is related to the security of the whole of Europe, and Europe will continue to work with the United States to provide security guarantees for Ukraine.Indian government: Diesel sales in India rose 4.7% year-on-year in November, while gasoline sales rose 2.6% year-on-year.On December 6th, European Central Bank (ECB) Governing Council member Rehn stated that the medium-term inflation risks in the Eurozone are slightly tilted to the downside. He cited "relatively low energy prices, the appreciation of the euro, and expectations of slower inflation in the services and wage sectors" as downside factors. Factors pushing up inflation include "potential impacts on supply chains from geoeconomic fragmentation" and a stronger-than-expected economic rebound that could lower the savings rate. Rehn said, "We need to pay attention to both upside and downside risks." He refuted suggestions from some colleagues that another rate cut should be subject to high thresholds. Rehn stated, "We shouldnt impose any unnecessary constraints on our monetary policy, whether high or low thresholds. Its best to follow our strategy and be consistent in word and deed. I believe we will." When asked about ECB President Lagardes recent comments that the central bank is in a "good but not fixed" position regarding interest rates, Rehn agreed.December 6th - According to the Gaza Strip Media Office, since the ceasefire agreement took effect this year, Gaza has experienced a severe gas shortage. Originally, 660 gas delivery trucks were scheduled to enter Gaza, but only 104 have been approved so far, representing only about 16% of the agreed demand. This shortfall directly affects 2.4 million residents of Gaza, impacting essential sectors such as homes, hospitals, bakeries, and public kitchens. Currently, gas in Gaza is allocated based on the actual number of registered households to ensure fairness. Each household is allocated an 8kg gas cylinder per cycle, and can only collect it once per cycle. 252,000 households have already received their quotas, but the system targets approximately 470,000 households. Due to the continued shortage, each allocation cycle takes at least three months to complete the distribution to all registered households.Ukrainian President Zelensky: He spoke by phone with NATO Secretary General Rutte.

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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