GMX: Repurchased 1 million GMX Tokens

On May 14th, as per official channels, the next-generation on-chain asset trading platform TrendX announced the completion of a new strategic financing round. This round received investments from Animoca Brands and Cream Labs. Up to now, TrendX has obtained support from 14 top institutions and has raised a total of $11.2 million, covering various cutting-edge fields such as AI, DePIN, and DeFi. The official announcement stated that this round of financing will expedite product innovation and global expansion. It will promote the landing of intelligent trading experiences in more public chain ecosystems, enabling users to "grasp the overall situation at a glance and complete transactions with one click." TrendX, Animoca Brands, and Cream Labs also plan to deepen their on-chain data analysis cooperation, build higher-dimensional intelligent models, reduce user investment decision risks, promote the popularization of Web3 intelligent trading platforms, and expand the on-chain incremental

On May 14th, Binance Alpha listed Port3 Network (PORT3).

On May 14th, Backpack made an official announcement on social media that the hosted assets on its platform have reached $200 million.

On May 14th, spot gold witnessed a short-term decrease of $16 and neared the $3200/oz level. Spot silver saw an intraday decline of over 2.00% and is currently trading at $32.22/oz. (Forex Crunch)

On May 14th, despite the sluggish spot price, speculative positions in the XRP and Dogecoin (DOGE) futures markets continue to accumulate, suggesting a growing market preference for volatility and downside risk. The data indicates the following: · DOGE Futures: The open interest in futures contracts witnessed a significant surge of 63.9% within a week, rising from 9.89 billion to 16.2 billion USD. During the same period, the spot price increased by 40% to $0.23. · XRP Futures: The open interest in contracts also showed a growth of 41.6% during the same period, with an increase of over 1 billion USD. However, the spot price increase was relatively moderate, rising from 2.14 to 2.6 USD. On-chain analytics company Glassnode stated that the divergence between price momentum decay and the spike in open interest implies that speculative positions are continuously accumulating, which requires caution. Open interest (OI) serves as a gauge of speculative activity. When it diverges from a sta