Silver contract trading volume surged by 122.19%, ranking among the top three globally on the Gate platform.
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SanDisk's stock price plummeted 10% due to industry factors, while Gate SNDK contract trading volume and open interest ranked among the top across the entire network.
According to Odaily Odaily, SanDisk (SNDK) shares plummeted over 10% today, impacted by industry panic triggered by Meta's plan to sell excess computing power and market capital outflows from the AI sector. Data from the Gate platform shows SanDisk (SNDK) currently trading at $1743.00 (-14.35%), having touched a 24-hour low of $1693.79. Despite the sharp short-term decline, SNDK's long-term fundamentals remain optimistic, and trading in related contracts remains high. According to Coinglass data, Gate SNDK contracts saw a 24-hour trading volume of $82.131 million and open interest of $22.3788 million, both ranking among the top in the network. Gate.com has established a 24/7 trading service system covering three core markets: US stocks, Hong Kong stocks, and Korean stocks. It supports over 10,000 US stocks and ETFs, over 1,500 Hong Kong stocks, and over 1,000 Korean stocks, totaling over 12,500 stocks and ETFs globally. Users can participate in global stock investment through their Gate.com unified account using USDT, supporting fractional share transactions starting from as low as 0.01 shares, and enjoying stock dividend rights. The platform also supports cross-brokerage transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.
Gold and silver rebounded before trading in a narrow range at high levels. Open interest for Gate XAU and XAG contracts both ranked among the top two in the industry.
According to ChainCatcher, the unexpectedly weak non-farm payroll data over the weekend reversed the weeks-long decline in gold and silver prices. On July 6th, gold and silver prices rebounded and then traded in a narrow range at high levels. According to Gate platform data, gold (XAU) is currently trading at $4165.04, down 0.26% in the last 24 hours; silver (XAG) is currently trading at $61.94, down 1.13% in the last 24 hours. Amid the pullback, trading in gold and silver related contracts has been active. CoinGlass platform data shows that Gate XAU contract open interest reached $155 million, ranking second in the industry, with a 24-hour trading volume of $47.5522 million; Gate XAG contract open interest reached $60.9402 million, also ranking second in the industry, with a 24-hour trading volume of $30.6943 million.
Crude oil prices rebounded slightly, with Gate CLUSDT (WTI crude oil) and BZUSDT (Brent crude oil) contracts ranking among the top in the industry.
According to ChainCatcher, international crude oil prices have recently rebounded after fluctuations, and the energy market remains active. Data from the Gate platform shows that WTI crude oil (CLUSDT) reached a high of $72.80 in the past 24 hours, currently trading at $72.43, a 24-hour increase of 4.79%; Brent crude oil (BZUSDT) reached a high of $76.52 in the past 24 hours, currently trading at $76.13, a 24-hour increase of 4.96%. CoinGlass data shows that Gate CLUSDT contracts had a 24-hour trading volume of $8.2895 million and an open interest of approximately $8.2299 million; BZUSDT contracts had a 24-hour trading volume of $3.3371 million and an open interest of approximately $2.7695 million, both ranking among the top in the industry.
Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.
According to a recent stablecoin industry report released by Binance Research on July 8th, in the first five months of 2026, TradeFi-related perpetual contracts accounted for approximately 11% of the total perpetual contract trading volume, with a cumulative trading value exceeding $1.1 trillion. Binance's trading value exceeded $500 billion, representing a market share of approximately 47%.
Coinbase launches perpetual contract trading competition in India with a top prize pool of 350,000 USDC.
PANews reported on July 8th that Coinbase has launched the "Coinbase Champions Cup: India" perpetual contract trading competition in India, with a total prize pool of up to approximately 350,000 USDC (approximately 330 million rupees). The prize pool will be unlocked in tiers based on the cumulative perpetual contract trading volume of all participating users; the current prize pool is 50,000 USDC. Participants must be legal residents of India, at least 18 years old, have opened a Coinbase Advanced perpetual contract account, and complete at least 100 USDC of trading volume in the designated competition account.
RWA perpetual contract trading volume surpassed $100 billion for the first time in June, setting a new record.
PANews reported on July 8 that, according to Cointelegraph, DefiLlama data shows that RWA perpetual contract trading volume exceeded $100 billion for the first time in June, setting a new record.