10:32
Bitget Launches RWA Index Perpetual Contracts, Debuts TSLA, NVDA, and CRCL
According to ChainCatcher, Bitget has officially launched the industry's first RWA Index Perpetual Contracts. The initial assets available are TSLA/USDT (RWA), NVDA/USDT (RWA), and CRCL/USDT (RWA). The underlying assets of the RWA contracts are composed of tokenized RWA indices of stocks already circulating in the market. Each index includes multiple RWA tokens to track the prices of different third-party issuers. The pricing mechanism is modeled after crypto perpetual contracts, dynamically adjusting index sources based on factors such as market activity, trading volume, and liquidity, with regular disclosure of index weights to ensure pricing flexibility and fairness. In terms of trading rules, RWA Index Perpetual Contracts adopt a 5×24 hour trading schedule. Prices are frozen during weekends and stock market closures to avoid liquidations. Order cancellations are supported, but new order submissions are suspended, and funding fee settlements resume when trading reopens. The product continues the existing trading and liquidation mechanisms of crypto perpetual contracts. The initial leverage cap is set at 10x, only isolated margin mode is supported, and a platform-wide position limit is implemented to control risk. At launch, the product's pricing will be based on stock tokens from the xStocks platform, with plans to include more reputable issuers soon and to expand the range of RWA perpetual contract products within this quarter.
10:18
On-chain Stock Trading Platform StableStock Completes Seed Round with Participation from YZi Labs and Others
According to ChainCatcher, the on-chain stock trading platform StableStock has announced the completion of its seed funding round, with participation from YZi Labs, MPCi, and Vertex Ventures. StableStock is a trading-oriented decentralized finance (TraDeFi) platform built around an on-chain stock ecosystem. StableStock is now open for public beta testing.
10:04
ING: RBNZ Decision Signals Potential for More Aggressive Rate Cuts in the US and UK
According to a report by Jinse Finance, Chris Turner of ING stated that the Reserve Bank of New Zealand’s policy decision on Wednesday highlights the risks facing the US dollar and the British pound, namely that the scale of interest rate cuts could be larger than expected. The Reserve Bank of New Zealand cut rates by 25 basis points, but two policymakers voted in favor of a 50 basis point cut. The central bank noted that inflation may rise in the short term, but with slack in the labor market, it should ease next year. Turner pointed out that the Federal Reserve and the Bank of England face a similar dilemma, uncertain about how to respond to short-term inflation increases. He said the Reserve Bank of New Zealand’s decision serves as a reminder that if the labor market weakens significantly, other central banks may also accelerate the pace of rate cuts.