These past two days, the technology stocks and the overall market are really going crazy! Buoyed by the strong positive news from both Q2 revenue and adjusted earnings per share all beating expectations across the board, the stock price of Big Bull Palantir surged by nearly 30% in after-hours trading and the following day, directly igniting market sentiment—once again proving that AI remains one of the global capital’s most watched main themes.
Worth noting is that funds have not only poured into the US stock spot market, but have also rapidly flowed into the crypto market’s $PLTR contract trading. CoinGlass data shows that PLTR’s total open interest across the network is approaching $38.2 million, with tradeXYZ, Binance, and Bitget ranking in the top three by open interest, together accounting for roughly 64% of the market share, forming the core tier. Looks like many people have already positioned themselves early with contracts or chased the rally.
The boundary between traditional finance and the crypto market is becoming even more intertwined. When a popular US stock issues good news, capital can complete price discovery and risk hedging on-chain 7×24 hours a day, without being constrained by traditional trading hours. Perhaps this is the direction global asset trading will move toward in the next phase.
Worth noting is that funds have not only poured into the US stock spot market, but have also rapidly flowed into the crypto market’s $PLTR contract trading. CoinGlass data shows that PLTR’s total open interest across the network is approaching $38.2 million, with tradeXYZ, Binance, and Bitget ranking in the top three by open interest, together accounting for roughly 64% of the market share, forming the core tier. Looks like many people have already positioned themselves early with contracts or chased the rally.
The boundary between traditional finance and the crypto market is becoming even more intertwined. When a popular US stock issues good news, capital can complete price discovery and risk hedging on-chain 7×24 hours a day, without being constrained by traditional trading hours. Perhaps this is the direction global asset trading will move toward in the next phase.
