Binance Lists Mitosis Derivatives, Hemi Secures $15M, Trump Media Launches $6.42B CRO Reserve
Binance will list Mitosis (MITO) spot trading on Binance Alpha at 22:00 (UTC+8) and launch a MITOUSDT perpetual contract with up to 50× leverage at 22:30 on August 28. Simultaneously, a BASUSDT perpetual contract opens on August 26 with identical leverage limits. In a bullish signal for the crypto market, Bitcoin programmable layer project Hemi raised $15 million in a Series A round led by YZi Labs, Republic Digital and HyperChain Capital, bringing its total funding to $30 million. Hemi’s embedded hVM enables EVM-like smart contracts directly on Bitcoin, now integrated with Sushi, LayerZero and MetaMask. Publicly traded SharpLink boosted its ETH holdings by 56,533 ETH at an average price of $4,462, bringing its total to 797,704 ETH (~$3.7 billion). Trump Media and Crypto.com formed Trump Media Group CRO Strategy, Inc., pooling $6.42 billion in assets—over $1 billion in CRO and $4.2 billion in cash and equity lines—to back a public CRO reserve. Additional updates include dYdX’s new 90-day roadmap with Telegram trading and fee-sharing, Coinbase International’s GMT-PERP, OMNI-PERP and SNX-PERP listings, Numerai securing a $500 million commitment from JPMorgan, and Google Cloud’s private testnet launch of the GCUL layer-1 blockchain.
Bullish
This batch of announcements offers multiple bullish signals for the crypto market. New high-leverage derivatives listings on Binance and Coinbase boost trading volumes and liquidity. Hemi’s $15M Series A underscores growing investor confidence in Bitcoin smart-contract layers. SharpLink’s large ETH acquisition signals institutional demand, while Trump Media’s $6.42B CRO reserve marks significant corporate backing for a native token. Complementary roadmap updates from dYdX and GCUL’s testnet launch further demonstrate ongoing protocol innovation. Similar to past catalyst events—such as major exchange listings of Layer 2 tokens or large fund inflows—these developments are likely to drive positive trader sentiment and price support in both the short and long term.