Binance is set to introduce two new perpetual contracts on 11 November — HYPEUSDC and TRXUSDC — both offering up to 75x leverage, according to an exchange notice posted on its website. The listings arrive at a sensitive moment for the platform and for the two tokens involved.
A day earlier, on 10 November, Binance warned users about an iOS vulnerability dubbed "worse_query," which it said could allow malicious actors to read seed phrases and private keys stored on an Apple device. No attacks have been confirmed, but the warning has weighed on an already fragile backdrop for investor sentiment.
HYPE under selling pressure
Hyperliquid [HYPE] was down 3.4% over the previous 24 hours and 14.7% over the past week, trading at $72.15 at press time, according to CoinGecko data. Its Long/Short Ratio stood at 2.62.
With price still sliding, leveraged long positions would be exposed to liquidation, a dynamic that could feed a liquidation cascade. The new 75x contract does not by itself change the token's underlying price trend.
TRX stays rangebound
Tron [TRX] has been consolidating near $0.31–$0.35 on TradingView's 1M chart. The RSI stood at 60.27, indicating buyers have held the upper hand recently without the price being overbought.
Tron's Open Interest was stagnant at 165.3 million at press time. The chart shows no breakout and no breakdown, leaving no decisive directional signal.
What the listings change
HYPE's selling pressure exists independently of the Binance announcement, though the new contract could act as a trigger for a cascade if losses accelerate. TRX, by contrast, continues to trade in a range, and the added perpetual market may bring extra volume without altering that structure.
- Binance to list HYPEUSDC and TRXUSDC perpetuals on 11 November with up to 75x leverage.
- Binance flagged the "worse_query" iOS flaw on 10 November; no attacks confirmed.
- HYPE down 3.4% on the day and 14.7% on the week, at $72.15 at press time.
- TRX consolidating between $0.31 and $0.35, with RSI at 60.27 and Open Interest at 165.3 million.
