Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
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Paragon Launches HYPE² Power Perps as First Product on Hyperliquid

According to ChainCatcher, Paragon announced today the launch of Power Perps on Hyperliquid, with HYPE² as the debut product. HYPE² tracks the square of HYPE's price, embedding option-like convexity into perpetual futures without strike prices or expiry dates. When the underlying price doubles, the squared index reaches 4 times its starting value; when it triples, the cubic index reaches 8 times. Paragon cited designs by Dan Robinson, Dave White, and Andrew Leone, noting that Hyperliquid's high-
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OpenAI to Release Astra, Sol, Cyber Model Families on Nov 6

According to The Information, OpenAI plans to release new Astra and Sol model families, as well as a Cyber model for cybersecurity, as soon as Nov 6 (Friday). The report did not disclose specific model numbers, pricing, context window lengths, or benchmark scores, nor whether the models will launch first via API, ChatGPT, Codex, or partner channels. Users have previously spotted "gpt-6.2-astra" in Codex usage metrics.