🚀 GMX Launches on MegaETH

**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.

**EU MiCA Regulations Take Full Effect** As of today, major cryptocurrency platforms across the European Union are restricting or cutting off user access due to the Markets in Crypto-Assets (MiCA) regulations now in full force. **GMX Continues Uninterrupted Operations** - GMX's decentralized contracts remain accessible to everyone, operating continuously since 2021 - Unlike centralized platforms, GMX's permissionless infrastructure is unaffected by the new regulatory framework **MiCA's Impact on the EU Crypto Market** - 244 Crypto Asset Service Providers (CASPs) are now registered under the unified regulatory framework - Licensed firms can continue operations, while unlicensed platforms may need to exit or limit services - The immediate impact on most users is expected to be minimal, though the industry is monitoring developments closely This marks a significant shift in Europe's crypto landscape, with decentralized protocols like GMX highlighting the difference between permissionless and regulated platforms.

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.

GMX has introduced a new **XAUT/USD perpetual market** for trading Tether Gold with up to **25x leverage**. **Key Features:** - Available across **six blockchains**: Arbitrum, Ethereum, Base, BNB Chain, Solana, and Avalanche - Backed by **BTC-USDC liquidity**, allowing traders to use Bitcoin as collateral - Enables simultaneous exposure to both gold and Bitcoin price movements This synthetic perpetual contract expands GMX's asset offerings beyond traditional crypto markets. The cross-chain functionality allows users to trade from their preferred network while settling on Avalanche. The market uses XAUT, Tether's gold-backed token where each token represents physical gold reserves. Two liquidity pools support trading: a single-asset XAUT pool and a dual-asset XAUT-USDT pool. Traders can now access precious metals exposure while maintaining crypto collateral positions.