Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Aevo rallies 9% after Binance Labs investment

Source Fxstreet

Binance Labs announced its recent investment in Aevo, maximizing its derivatives platform.
Aevo is a decentralized derivatives trading platform built on its own L2 blockchain that utilizes the Optimism stack.
AEVO is currently up 9% following the announcement by Binance Labs.

Aevo posted a 9% gain on Tuesday after Binance Labs announced that it has invested in the decentralized derivatives platform to pave the way for further advancement on its Layer 2 blockchain.

Also read: AEVO price could bottom out here as team, backers announce plan to voluntarily re-lock nearly 15% of supply

Aevo could be set for growth after Binance Labs' investment

Binance Labs, the venture capital and investment branch of cryptocurrency giant Binance, announced on its social media handle that it recently invested in Aevo to help maximize its derivatives platform.

The investment is characterized by the crypto exchange's recent decision to support small and medium-scale startups in a bid to lower the rate of projects with high fully-diluted valuations and low market circulation.

Read more: AEVO, APT, ARB among $1.33 billion worth of token unlocks lined up for next week

This strategic investment could pave the way for further innovation on the decentralized platform and maximize its derivatives exchange.

Aevo is a decentralized derivatives trading platform that claims to be fully designed for options and perpetual contract trading. The platform was built on its own L2 blockchain, utilizing the Optimism stack while inheriting the security of Ethereum.

The platform has been dedicated to creating DeFi option derivatives since 2021 and was once known as Ribbon Finance, a structured options product protocol.

Also read: Week Ahead: Ethereum and DeFi to come under spotlight this week

As a result of Binance Labs' investment, the native token of Aevo, AEVO, has experienced a 9% increase in value, indicating positive market sentiment following the announcement. This could set the stage for further growth and potential price appreciation for AEVO in the future.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Brent holds above $100 as tanker attacks tighten supply — but four forces are capping the rally Brent crude is holding above $100 a barrel for a second session, its first close above the level since late July, as tanker attacks near the Strait of Hormuz squeeze an already tight physical market. Yet the rally has been gradual: 8.3 mb/d of Gulf output is still shut in, diesel is at a record, and forecasts now range from $74 to $100.

Author Irene Q.

Sep 10, Thu

Brent crude is holding above $100 a barrel for a second session, its first close above the level since late July, as tanker attacks near the Strait of Hormuz squeeze an already tight physical market. Yet the rally has been gradual: 8.3 mb/d of Gulf output is still shut in, diesel is at a record, and forecasts now range from $74 to $100.

US August CPI lands tonight: after a 5.4% PPI shock, will the Fed hike on September 16?US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.

Author Irene Q.

Sep 11, Fri

US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.

Gold Price Forecast: PPI and Oil Prices Fuel Inflation Concerns, Can CPI Change Gold's Direction?As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around

Author TradingKey

Sep 11, Fri

As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around

Brent tests $108 as a key export pipeline stays shut — can the rally clear $110?Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

Author Irene Q.

7 hours ago

Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

6 hours ago

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Popular Symbols