NEAR eyes $5 after Jio perpetuals launch

Key takeaways NEAR edges higher on Wednesday after rebounding approximately 6% the previous day. NEAR Intents launched confidential perpetual contracts linked to Jio Platforms ahead of its scheduled listing. Bitwise’s NEAR-focused ETF recorded $4.84 million in outflows Tuesday, following $1.40 million in inflows Monday. NEAR extends recovery following Jio perpetuals launch NEAR Protocol moved higher on Wednesday, extending the previous day’s roughly 6% rebound as traders assessed a new derivatives offering and weaker ETF demand. NEAR Intents launched confidential perpetual contracts linked to Jio Platforms on Tuesday, ahead of the Reliance Group company’s scheduled Wednesday listing. The contracts offer exposure to Jio’s price movements before listing while keeping traders’ positions confidential. They are derivatives, not ownership of the underlying shares.

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