Binance Lists USDC Perpetual Contracts for HYPE and TRX
Event: Binance Futures will list the HYPEUSDC perpetual contract on November 11 at 09:30 (UTC), followed by the TRXUSDC perpetual contract at 09:35. Both support leverage of up to 75x.
Worth watching: New contract listings usually bring additional liquidity and attention, directly catalyzing derivatives trading volume for the underlying assets. Hyperliquid (HYPE) is currently around $71.6, down about 4.2% for the day and trading above support at $70.4. TRON (TRX) is around $0.318 and has been relatively resilient.
Affected tokens: $HYPE, $TRX .
3. Initia Hit by Attack, L1 Network Paused, but Token Rises About 15% Against the Market
Event: The Initia team said it is investigating an issue affecting its Rollup infrastructure and coordinating a temporary pause of the relevant Rollups; the L1 remains operational. Driven by speculative trading and short covering, the INIT token rose about 15% in 24 hours against the market, reaching a high of $0.395 amid extreme volatility.
Worth watching: The security incident itself is bearish, but a deep decline combined with a short squeeze has triggered a sharp price rebound. This rebound is low-quality and driven purely by sentiment, making it extremely risky to chase. $INIT is currently at $0.254, with resistance at $0.395 (today's high) and support in the $0.118–$0.192 range.
Affected tokens: INIT.
4. TON ($GRAM ) Rises Over 8% in 24 Hours; Telegram Founder Says 700,000 Self-Custody Wallets Added in 48 Hours
Event: TON (Gram) rose about 8.5% in 24 hours, leading major tokens, with trading volume of around $130 million. The Telegram founder disclosed that more than 700,000 self-custody wallets were added within 48 hours. Earlier, GRAM rebounded after falling below the psychological $1 threshold.
Worth watching: User growth data is a genuine fundamental signal, and the expansion of self-custody wallets indicates growing ecosystem activity. TON is currently at $1.60, with short-term resistance at $1.64 (today's high) and support at $1.52–$1.51.
Affected tokens: TON.
Event: Binance Futures will list the HYPEUSDC perpetual contract on November 11 at 09:30 (UTC), followed by the TRXUSDC perpetual contract at 09:35. Both support leverage of up to 75x.
Worth watching: New contract listings usually bring additional liquidity and attention, directly catalyzing derivatives trading volume for the underlying assets. Hyperliquid (HYPE) is currently around $71.6, down about 4.2% for the day and trading above support at $70.4. TRON (TRX) is around $0.318 and has been relatively resilient.
Affected tokens: $HYPE, $TRX .
3. Initia Hit by Attack, L1 Network Paused, but Token Rises About 15% Against the Market
Event: The Initia team said it is investigating an issue affecting its Rollup infrastructure and coordinating a temporary pause of the relevant Rollups; the L1 remains operational. Driven by speculative trading and short covering, the INIT token rose about 15% in 24 hours against the market, reaching a high of $0.395 amid extreme volatility.
Worth watching: The security incident itself is bearish, but a deep decline combined with a short squeeze has triggered a sharp price rebound. This rebound is low-quality and driven purely by sentiment, making it extremely risky to chase. $INIT is currently at $0.254, with resistance at $0.395 (today's high) and support in the $0.118–$0.192 range.
Affected tokens: INIT.
4. TON ($GRAM ) Rises Over 8% in 24 Hours; Telegram Founder Says 700,000 Self-Custody Wallets Added in 48 Hours
Event: TON (Gram) rose about 8.5% in 24 hours, leading major tokens, with trading volume of around $130 million. The Telegram founder disclosed that more than 700,000 self-custody wallets were added within 48 hours. Earlier, GRAM rebounded after falling below the psychological $1 threshold.
Worth watching: User growth data is a genuine fundamental signal, and the expansion of self-custody wallets indicates growing ecosystem activity. TON is currently at $1.60, with short-term resistance at $1.64 (today's high) and support at $1.52–$1.51.
Affected tokens: TON.