Visa cuts 7% of staff as part of company restructuring under CEO's leadership

Binance Wallet has announced the launch of a new competition dedicated to NES perpetuals trading, offering a prize pool of $50,000. Participants have ten days to earn their share of this fund.

Competition Period

The participation window opens on July 28 at 13:00 UTC and closes on August 7 at the same time.

What is NES?

Nesa is a Layer-1 blockchain. Its core concept involves decentralized artificial intelligence inference that maintains privacy. Models operate on distributed computing nodes instead of using a central server, and results undergo cryptographic verification throughout the process, preventing any single operator from reading the data.

The NES system manages three key aspects: inference request fees, node operator staking, and governance voting.

NES Project History

The Mainnet was launched on May 9, 2026, with a hard limit of one billion tokens. Binance Alpha listed NES on June 24 while simultaneously running a Wallet enhancement campaign.

Competition Participation Details

To participate, users must open the Binance application and navigate to the Binance Wallet section. Then, they need to find the NES Perpetuals Trading Competition event page and click the 'Join' button to register. Participants must trade NESUSDT perpetual contracts, opening both long and short positions, while adhering to a minimum trade volume of 1,000 USDT.

Users who start trading earlier can take advantage of the Day 1 Early Bird Multiplier of 2.0x.

Final Notes for Traders

The NES Perpetuals Trading Competition offers Binance Wallet users the opportunity to participate in trading NESUSDT perpetual contracts for a share of the $50,000 prize pool until August 7. Since some conditions have not yet been disclosed, participants are advised to review the official event page before starting to trade. It should be remembered that perpetual futures are associated with leverage and carry significant risks, so users must conduct their own research before participating.

Porsche used an unusual approach to demonstrate the capability of its new electric Cayenne: the SUV was driven at 269 km/h beneath the planet's largest aircraft during its takeoff and landing phases.

Presentation scene in Mojave

This demonstration took place at the Mojave Air and Space Port, located in California. The vehicle had to reach speeds exceeding 257 km/h to keep pace with the giant aircraft, which is the Roc, belonging to Stratolaunch. This is an experimental twin-fuselage airplane designed to serve as a space vehicle launch platform.

The Roc has an impressive wingspan of 117 meters, making it the largest in the world. Furthermore, it features six engines that generate a total thrust of 154 tons and a maximum takeoff capacity of 590 tons.

Aerodynamic Challenge

The concept for this maneuver did not originate from Porsche, but rather from the engineers at Stratolaunch. By analyzing the aerodynamics of the Roc, they identified an area of relative calm in the middle of the intense airflow: this zone is located just after the landing gear and before the tail, where turbulence and engine jet significantly decrease.

However, this pocket of air moves along with the aircraft. This posed a challenge to the driver: he had to enter this zone before the engines gained speed and remain there with millimeter precision until takeoff. A delay could result in direct impact with the jet, putting the car at risk of being thrown upwards, while moving too early would mean colliding with the landing gear.

Power of the Cayenne Turbo Electric

To meet the requirement of keeping pace with the aircraft at any speed, maintaining stability, and exceeding the Roc's takeoff speed of 257 km/h, the new Cayenne Turbo Electric was chosen. This model offers 1,155 horsepower and 153 kgfm of torque, capable of accelerating from 0 to 100 km/h in approximately 2.5 seconds and equipped with active aerodynamics.

The SUV's weight, which is 2,645 kg, normally considered a disadvantage, became an advantage because it prevented the vehicle from being affected by turbulence as a lighter car would. Patrick Long, an endurance driver and former factory team member of Porsche, drove the vehicle. He reported that the experience was one of the most intense and focused moments of his life. Initially, he maintained low power to position himself correctly, and the actual acceleration only occurred when the aircraft's six engines came into full operation. After exceeding 161 km/h, he activated Boost mode and pushed to the limit, staying alongside the landing gear, registering over 273 km/h on the dashboard before reducing acceleration.

Participants in the Maneuver

Two takeoffs and two landings were performed under the Roc. The landing maneuver echoes procedures carried out by the American Air Force decades ago with the Lockheed U-2, which uses a support car on approach, although in this case, the aircraft is three times larger. In subsequent flights, the Cayenne also transported other people, including actor Orlando Bloom, Porsche Design ambassador, journalist Mat Watson, and two Stratolaunch team leaders.