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On September 14th, U.S. Energy Secretary Chris Wright warned oil traders not to expect a quick breakthrough on the Strait of Hormuz issue. Iran is planning to propose a shipping agreement to other Gulf states. In an interview on Sunday, Wright stated, "Expecting to reach a consensus agreement with Iran today is clearly not a good option." He said the market still needs to rely on alternative shipping routes. He estimated that these alternative routes can currently still supply about 10 million barrels of crude oil and petroleum products per day. Wright said, "Therefore, the current global oil market supply is indeed tighter than we would like, but not excessively so." Wright also said that Irans nuclear program will end "in some way," adding, "We prefer a negotiated solution. If negotiations fail, they can continue with a secret, hidden, covered-up, and denied nuclear weapons program, but after that, Iran will face the U.S. military, and the U.S. military will ensure they cannot develop nuclear weapons."U.S. Energy Secretary Wright stated that the U.S. will terminate Irans nuclear program "no matter what"; the U.S. expressed concern over the suspension of inspections of Irans nuclear program. Hoping to reach a Hormuz-related agreement with Iran is not a prudent option.Musk confirmed that Tesla will livestream the launch event for its Roadster electric sports car.According to the Iranian news agency IRNA: The Israeli military continues its airstrikes in southern Lebanon, bombing several towns and areas in Nabatieh.On September 14th, Business Insider, citing a source familiar with the matter, reported that Anthropic has chosen Nasdaq as the listing venue for its potential IPO. Another source indicated that the company, planning to list in October, has chosen Nasdaq, meaning the exchange has won another significant competition. Earlier this year, Nasdaq successfully secured a listing for SpaceX, which is valued at $1.75 trillion. Some estimates suggest Anthropic could be valued at $2 trillion, although this figure is not yet finalized. Previously, OpenAI CEO Sam Altman stated that OpenAI would not be going public at this time due to the controversy surrounding the potential existential threat of AI to humanity.

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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