ME News reports that on August 2 (UTC+8), during the traditional market closure over the weekend, Trade.xyz—the “On-Chain Nasdaq”—enabled continuous trading and real-time price discovery through perpetual contracts, pricing in Monday’s U.S. and Korean stock market movements ahead of open. Popular U.S. stocks on Trade.xyz generally edged higher compared to Friday’s after-hours prices, with overall modest gains expected ahead of Monday’s open. Weekend performance was as follows: SpaceX: $108.60, compared to $107.80 Friday after-hours; Micron (MU): $847.90, compared to $812.47 Friday after-hours; SanDisk (SNDK): $1,244, compared to $1,205 Friday after-hours; NVIDIA: $200.34, compared to $198.98 Friday after-hours; Marvell Technology (MRVL): $193, compared to $185.60 Friday after-hours; Intel: $92.48, compared to $89.20 Friday after-hours; Google: $355.60, compared to $354.25 Friday after-hours; AMD: $485.02, compared to $472.12 Friday after-hours. Popular Korean stocks on Trade.xyz declined across the board versus Friday’s closing prices, with an anticipated 5–7% drop at Monday’s open. Weekend performance was as follows: Samsung Electronics: $169.50, compared to $182 Friday close; SK Hynix: $1,133, compared to $1,191 Friday close. (Source: BlockBeats)
Trade.xyz Predicts a 5-7% Decline for Samsung and SK Hynix at Monday's Open
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Trade.xyz cites MetaEra in forecasting a 5-7% decline for Samsung and SK Hynix at Monday’s open, as the Fear & Greed Index indicates heightened caution. U.S. stocks such as SpaceX, Micron, and Intel saw slight gains over the weekend. Korean equities are under downward pressure, with open interest data reflecting shifting market sentiment. Trade.xyz’s pricing model highlights diverging trends between U.S. and Korean markets ahead of the week’s opening.
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