Binance launched the HYPEUSDC and TRXUSDC perpetual contracts on November 11, offering up to 75 times leverage. Investor sentiment remains fragile following the exchange’s warning about an iOS flaw called “worse_query,” which could allow attackers to read recovery phrases and private keys, although no attacks have been confirmed. HYPE has fallen 3.4% over 24 hours and 14.7% over the past week, while its long/short ratio of 2.62 indicates heavy short positioning that increases the risk of a liquidation cascade. TRX, by contrast, is consolidating between $0.31 and $0.35, with an RSI of 60.27 and open interest of $165.3 million. The new contract could therefore amplify moves in HYPE but is unlikely to generate a breakout in TRX.
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