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Hundreds of contracts settled in USDT or BTC
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Hot
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Demo Trading
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Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
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Investment
Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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Buy low and sell high to take profits from price fluctuations
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One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Abraxas Capital is gradually closing its short positions on HYPE. According to data tracking agency The Data Nerd, the unrealized profit from this short position is approximately $90.7 million, while the accumulated funding fee income has reached $39.73 million. From this move, it appears that the capital management firm is adjusting its bearish strategy on this cryptocurrency, possibly reflecting a change in market sentiment regarding HYPE's prospects.