GMX Launches KTA/USD Perpetual Trading Market on Arbitrum

**Q2 2026 Buyback Results** GMX DAO completed its quarterly token buyback program with significant activity: - **Total tokens acquired**: 228,030 GMX - **Total investment**: Approximately $1,410,000 - **Average price**: $6.18 per token The buyback program demonstrates the DAO's commitment to token economics management through systematic open market purchases. This quarter's average acquisition price of $6.18 represents the blended cost across all purchases made during the three-month period. The program continues GMX DAO's strategy of reducing circulating supply through strategic market acquisitions.

**Major EU crypto platforms are now restricting access** as MiCA (Markets in Crypto-Assets) regulations officially take effect today, July 1, 2026. **GMX's decentralized contracts continue operating unchanged** since their 2021 launch, remaining accessible to everyone regardless of location. - The MiCA grandfathering period has ended - Crypto-Asset Service Providers must now be fully MiCA-authorized or cease EU operations - Centralized platforms are implementing geographic restrictions - GMX's permissionless smart contracts on Arbitrum and Avalanche are unaffected by the regulatory changes The contrast highlights a key difference between centralized and decentralized protocols: while traditional platforms must comply with jurisdictional regulations, permissionless smart contracts continue functioning autonomously without geographic gatekeeping.

The GMX Masters trading competition is in full swing with over 200 automated perpetual trading strategies currently running in production. Participants are using Elfa AI's automated execution system to trade on GMX's perpetual markets while competing for a share of the $15,000 USDC prize pool. **Key Details:** - 17 days remaining in the 4-week competition - Traders set conditions and Elfa Auto executes trades automatically - AI signals from [@elfa_ai](https://twitter.com/elfa_ai) trigger automated trades - All trades execute live on GMX's perpetual markets The competition allows participants to create and deploy trading strategies that run autonomously, with the best-performing strategies winning prizes. Early sign-ups opened on June 11, with the competition officially launching on June 16.

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.