According to ChainCatcher news, as reported by DL News, Ethena has launched a new feature that allows traders to use their USDe as collateral when trading derivatives. It also pointed out that allowing traders to use partially derivative-backed assets for more derivative bets poses potential risks. Conor Ryder, the research director of Ethena Labs, explained: "We have taken this risk into account, which is why Ethena operates on more than five different platforms."Guy Young, the founder of Ethena Labs, stated that the company and its partners have taken adequate precautions. Among the five trading platforms collaborating with Ethena, the company will diversify short bets supported by USDe, with 48% on Binance, 23% on ByBit, 20% on OKX, 5% on Deribit, and 1% on Bitget.Through this initiative, Ethena aims to minimize the impact of unforeseen events on any one exchange. The same theory applies to spreading risk across different supporting assets: 50% of USDe is backed by Bitcoin, 30% by Ethereum, 11% by Ethereum liquid staking tokens, and 8% by USDT.

ChainCatcher message, the founder of the derivatives DEX ZKX based on Starknet and Ethereum, Eduard, issued a statement saying that the protocol will cease operations due to the inability to find an economically viable path for it.Currently, all markets have been delisted, positions have been closed, and all funds have been returned to each user's trading account; users can transfer funds from their trading accounts to their main self-custody accounts; the self-custody ZKX account is a wallet on Starknet, and users can withdraw back to L1 at any time through the Starkway bridge; the protocol will continue until the last day of August, and the ZKX ownership and distribution will continue after the closure on September 1; it is strongly recommended that everyone withdraw their funds and claim any pending STRK rewards before the August sunset.

ChainCatcher news, the derivative trading platform Coral Finance based on the Bitcoin Layer 2 project BEVM has announced the launch of the Coralantis full-cycle points task feature.It is reported that this feature is divided into four sections: Port, Epipelagic, Mesopelagic, and Bathyal, covering all-cycle task scenarios for interacting with Coral Finance, and will continue until the mainnet product is launched. Users can earn points by completing section tasks. Points can be used to redeem Coral Finance tokens CORL airdrops and potential BEVM ecosystem benefits. Additionally, inviting friends can earn extra points as a reward bonus.

ChainCatcher news, Sushi announced the launch of the Layer N-based derivative trading DEX Susa. It is reported that Susa will utilize Layer N's Nord engine, enabling the platform to process over 100,000 transactions per second with a latency of less than 1 millisecond. This transaction speed will allow the DEX to compete with CEX in terms of performance.Susa is scheduled to launch on the testnet in the first half of this year. The registration for the beta version is now live on the official website. Layer N is Ethereum's StateNet, an innovative L2 designed to be supported by a shared communication and liquidity layer for customized and optimized rollup networks.

ChainCatcher news, the intent-based derivatives trading protocol IntentX has announced the completion of a $1.8 million strategic funding round, led by Selini Capital, with participation from Orbs, Mantle Ecofund, Mirana, Kronos Research, and Manifold Trading.It is reported that IntentX is a full-chain OTC derivatives market, providing trading for over 180 perpetual currency pairs, aimed at addressing the inefficiencies in decentralized derivatives. Previously, in November 2023, it announced the completion of a $2.5 million seed funding round led by Magnus Capital.

ChainCatcher news, the cryptocurrency exchange Gemini tweeted that, in light of the court's ruling today that selling XRP on exchanges does not constitute a security, Gemini is exploring the launch of spot and derivative trading for XRP.Previous news, a U.S. federal court ruled on Thursday that selling XRP tokens on exchanges and through algorithms does not constitute an investment contract. According to CoinGecko, XRP is currently priced at $0.788880, with a 24-hour increase of 67%.

ChainCatcher news, according to globenewswire, the NFT derivatives trading platform Tribe3 has completed a $2.1 million financing round, with participation from Spartan Capital, Newman Capital, Infinity Ventures Crypto, Modular Capital, Cogitent Ventures, Blockbuilders, Founderheads, Lapin Digital, and Blockhype.It is reported that Tribe3 will launch its mainnet Beta version on Arbitrum on May 3, 2023, with the first phase supporting four NFT collections including Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and CryptoPunks. (Source link)

ChainCatcher news, SushiSwap has acquired the Cosmos-based decentralized derivatives trading protocol Vortex Protocol, with the acquisition amount currently unclear. Vortex Protocol is built on the Sei Network using Cosmos tools and will be categorized as another product under SushiSwap, adopting a new name.It is reported that Vortex Protocol is a decentralized derivatives exchange that has not yet launched, aiming to provide users with 10x margin trading on various assets. Both Sei Network and the newly acquired Vortex Protocol by SushiSwap are set to launch on the mainnet in the second quarter of this year. This move also means that SushiSwap will be one of the first Ethereum applications to migrate to the Cosmos ecosystem. (source link)

ChainCatcher news, according to The Block, FTX CEO Sam Bankman-Fried (SBF) agreed with U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero's views on the disclosure of derivatives trading information and knowledge testing, but he believes these tests should not be limited to digital currencies. SBF stated that requiring intermediaries such as futures commission merchants (FCMs) to disclose trading information and conduct knowledge-based testing is reasonable.It is reported that Romero previously tweeted, "Establishing a category for retail investors can provide them with more consumer protection. For example, disclosure information written in a way that ordinary people can understand, or disclosure information that can be used when weighing leverage usage rules."According to previous reports, CFTC Commissioner Christy Goldsmith Romero stated at the financial market quality conference on Friday that she intends to propose a new definition of retail investors that separates ordinary investors from professional investors/high-net-worth individuals. Romero said, "My suggestion is that we split the definition of retail into two, we can create rules and regulations for ordinary family members, and then we can expand access, which is a great opportunity to broaden access to financial markets." (source link)