GMX Integrated into Binance's Web3 Wallet

**Latest Buyback Activity** Between June 3-9, GMX DAO reacquired **22,480 $GMX tokens** for approximately $130,000, averaging $5.78 per token. **Program Performance** - Total acquired (Mar 5 - Jun 9): **235,280 GMX tokens** - Total spent: ~$1,525,000 - Overall average price: **$6.48 per token** The latest purchase shows a **10.8% lower** average price compared to the program's overall average, indicating improved buying efficiency. **Previous Activity** - May 20-26: 11,330 tokens at $6.62 average - April 1-7: 20,150 tokens at $6.20 average The DAO's systematic buyback program demonstrates ongoing commitment to token value management through open market purchases.

**GMX Masters Competition Opens for Early Registration** GMX has partnered with Elfa AI to launch a 4-week automated trading competition featuring: - **$15,000 USDC prize pool** for top performers - **AI-powered trading signals** provided by Elfa AI - **Live execution** on GMX's perpetual markets - Participants compete by creating optimal trading strategies The competition combines artificial intelligence with decentralized trading infrastructure, allowing traders to test their strategies in real market conditions on GMX's platform. Early sign-ups are now open for those interested in participating.

GMX has introduced **SPCX/USD perpetual contracts**, allowing traders to gain pre-IPO exposure to SpaceX with up to 10x leverage. **Key Details:** - SPCX is a **synthetic perpetual market**, not actual SpaceX equity - Does not provide shares, ownership, voting rights, dividends, or IPO allocation - Part of GMX's expanding real-world asset (RWA) perpetuals offering - Launching with **limited initial open interest capacity** as infrastructure develops **Post-IPO Plans:** After SpaceX's IPO, the market parameters will transition to an On-Hours/Off-Hours trading schedule. This represents a new market category for GMX as it builds out infrastructure for pre-IPO perpetual trading.

GMX has announced its official sponsorship of the Arbitrum Open House in London, featuring a substantial $415,000 prize pool for participants. **Event Details:** - **Dates:** July 10-12 (in-person), with a 3-week online Buildathon starting May 25th - **Location:** London - **Focus:** DeFi perpetuals trading and builder tooling **What Participants Can Expect:** - GMX contributors will be on-site to provide hands-on guidance - Technical workshops on DeFi Perps - Access to builder tools and infrastructure - Mentoring from the Arbitrum ecosystem - Opportunity to take projects from concept to mainnet **Competition Structure:** Early-stage teams can join the online Buildathon phase before competing for prizes and potential entry into the in-person Founder House in London. Applications are now open at [openhouse.arbitrum.io](http://openhouse.arbitrum.io/?utm_source=twitter&utm_medium=social&utm_campaign=oh-london-buildathon)

GMX has launched perpetual futures for three major energy commodities on Arbitrum: - **WTI Crude Oil** (WTIOIL/USD) - **Brent Crude Oil** (BRENTOIL/USD) - **Natural Gas** (NATGAS/USD) These markets join the recently launched 24/7 GOLD and SILVER perps under the RWA category. All markets feature: - Low trading fees (2-4 basis points) - 24/7 availability, including weekends - Price data via [Chainlink Data Streams](http://app.gmx.io) - Cross-chain accessibility through GMX Account The platform continues expanding into global markets, offering permissionless access to real-world assets without requiring brokerage accounts or custody arrangements.