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100x is a decentralized exchange (DEX) built on BLAST, designed to provide a fast perpetual and spot trading experience with support for cross-margin self-custody accounts.
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Crude oil prices remain volatile at high levels, boosting trading sentiment, Gate crude oil contract volume continues to lead the market
International oil prices maintain a high-level volatile pattern, and market participation enthusiasm continues to heat up. According to Gate platform data, WTI crude oil (XTIUSDT) hit a 24-hour high of $101.76 and is currently trading at $98.78, up 1.50%; Brent crude oil (XBRUSDT) hit a 24-hour high of $105 and is currently trading at $103, up 1.01%. Driven by high price fluctuations, demand for crude oil derivatives trading has been further released.According to CoinGlass data, Gate platform's WTI crude oil (XTIUSD) 24-hour contract trading volume reached $18,899,300, a month-on-month increase of 229.46%; Brent crude oil (XBR) 24-hour contract trading volume was $9,296,600.Gate Contract pioneered the commodities contract section, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (Natural Gas) perpetual contract trading, offering 7×24-hour trading, USDT settlement, and up to 100x leverage, helping users conduct cross-market asset allocation and strategic positioning during volatile market conditions.
People’s Daily published an article criticizing the traffic-driving practices involving virtual currencies such as “100x coins.”
The People’s Daily published an article titled “Disrupting the Capital Market: Beware of These Irregularities by Financial Self-Media Accounts,” which named certain accounts for disseminating false return information—such as “100x coins” and “earning millions per month from crypto trading”—to drive traffic to virtual currency trading. The article reiterated a prior notice issued by the People’s Bank of China and seven other departments, emphasizing that activities related to virtual currencies constitute illegal financial activities. It further pointed out that accounts and platforms providing traffic-driving or technical services for illegal virtual currency trading are suspected of violating laws and regulations, potentially jeopardizing financial security and anti-money laundering efforts.