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New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps

[Sep 6 8:09 PM] Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

Synthetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout

[Aug 23 6:12 PM] Synthetix faces fierce competition on the DeFi-oriented layer 2. 

Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration

[Jun 27 2:20 PM] Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink…

Chainlink data streams go live on Avalanche Network

[Jun 27 10:00 AM] GMX, a perpetual futures trading platform, will be a launch partner and leverage Chainlink’s tech to fuel the decentralized futures exchange.

GMX Soars 20% Amid Crypto Whale Frenzy, Is It Back In ‘Turbo Mode’?

[Jun 6 4:00 PM] GMX, the native token of decentralized perpetual exchange GMX, has soared over 20% in the past 24 hours. The surge was seemingly fueled by a crypto whale move that ignited the community’s positive sentiment towards the token. Some analysts believe…

Arthur Hayes Sells All His Holdings Of This Altcoin, How Did The Price React?

[Apr 8 4:00 PM] Arthur Hayes, the founder of the crypto exchange BitMEX, recently made a move on an altcoin he had held since 2022. This move saw the transfer of over 230,000 GMX tokens to Wintermute Trading, seemingly making a profit of $3.2 million. Altcoin…

GMX Drops 24% in 1 Month, Whales Rapidly Selling: What’s Going On?

[Aug 11, 2023 7:00 PM] GMX, the native token powering GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is under intense selling pressure when writing on August 11. Trackers show that the governance token is down 7% on the last trading day…

Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble

[Aug 1, 2023 10:00 AM] As bitcoin dipped below the $29K threshold and the overall crypto economy experienced a 1.4% decrease to $1.17 trillion, cryptocurrency derivatives markets underwent $92 million in liquidations, primarily in long positions. Cascading Effect…

Trader Bets Against Ethereum, Losses A Big Chunk Of The $2 Million Margin On GMX

[Jul 4, 2023 7:00 PM] A trader’s big bet against Ethereum caused him to lose a big chunk of his $2 million margin. Considering the firm and steady increment of ETH prices over the last few weeks, more could be at stake.  In a series of screenshots shared on July 3 on…

Ethereum Poised To Break $2,000 As $12 Million Short Seller Nears Liquidation

[Jun 26, 2023 2:15 AM] The Ethereum price has followed Bitcoin’s lead and has seen a 10.3% price increase over the past seven days. News of BlackRock’s Bitcoin spot ETF filing with the US Securities and Exchange Commission took the entire market by surprise…

Decentralized exchange GMX votes to use Chainlink low-latency oracles

[Apr 24, 2023 11:39 PM] A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.”

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

[Mar 3, 2023 2:00 PM] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin…

Bitcoin price rally to $25K followed by total crypto market cap retest of the $1.13T resistance

[Feb 17, 2023 3:17 PM] This week’s bearish regulatory actions and rumors were not strong enough to suppress investors’ appetite for cryptocurrency.

Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures 

[Jan 30, 2023 6:30 PM] A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed…

GMX Generates More Fees than BNB Smart Chain and Bitcoin

[Jan 19, 2023 5:39 PM] GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin. GMX Is The Third Most Active Platform According to statistics, GMX’s 1-day fee on…

Top five crypto winners (and losers) of 2022

[Dec 27, 2022 2:40 AM] Bitcoin and Ethereum are not part of the surprising list of five best and worst-performing cryptocurrencies for 2022.

Top 4 Altcoins That Defy The FTX Fiasco – TWT, LTC, GMX, CHZ

[Nov 17, 2022 4:46 PM] The price action displayed by top altcoins in recent times has yet to be encouraging with the market’s erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for…

Consultancy Uncovers Best Altcoins To Profit From FTX Collapse

[Nov 17, 2022 11:08 AM] Eight, a cryptocurrency consultancy founded by Michaël van de Poppe in 2018, has uncovered the best altcoins that can benefit from FTX’s demise. According to analysts, recent events are promoting a narrative that is strongly associated with…