Blockchain Report on Nostr: Hyperliquid launches "pre-IPO" perpetual futures on CXMT, a Chinese chipmaker. ...
Hyperliquid launches "pre-IPO" perpetual futures on CXMT, a Chinese chipmaker. Trade.xyz's HIP-3 contract allows speculation on CXMT's USD valuation before its actual stock market listing. It's not an equity stake. CXMT contract started at $5, with pricing via order book. An internal oracle uses EWMA, Mark Price, & price collars for stability. Once CXMT lists publicly, the contract will track its external RMB stock price. Current Hyperliquid price reflects market expectations of future valuation.
#crypto #blockchain #news
Published at
2026-07-16 07:59:00 CESTEvent JSON
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"content": "Hyperliquid launches \"pre-IPO\" perpetual futures on CXMT, a Chinese chipmaker. Trade.xyz's HIP-3 contract allows speculation on CXMT's USD valuation before its actual stock market listing. It's not an equity stake. CXMT contract started at $5, with pricing via order book. An internal oracle uses EWMA, Mark Price, \u0026 price collars for stability. Once CXMT lists publicly, the contract will track its external RMB stock price. Current Hyperliquid price reflects market expectations of future valuation.\n\n#crypto #blockchain #news ",
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