Binance has announced the listing of two new futures contracts, GPSUSDT and SHELLUSDT, with up to 25x leverage. According to the official statement, trading for GPSUSDT will commence at 17:00 UTC, followed by SHELLUSDT at 17:15 UTC. Both digital assets had already been featured on Binance Alpha, a platform highlighting Web3 projects with significant potential.
Despite the listing announcement, both GPS and SHELL experienced a price drop following initial spikes. GPS saw a surge from $0.14 to over $0.15 before falling sharply by 5%, with its market capitalization currently standing at $264 million. GoPlus Security, the project behind GPS, is developing Web3’s “first decentralized layer.”
Similarly, SHELL briefly climbed to $0.57 but declined to $0.49, marking a 10% drop for the day. The project, MyShell, operates as an AI consumer layer facilitating the creation and ownership of AI agents. MyShell aims to bridge AI and blockchain through an agentic framework, open-source models, and an AI creator community, offering users AI-powered entertainment and utility.