PANews reported on October 17th that market data showed that around 6:00 AM Beijing time today, the PAXGUSDT perpetual contract on Binance experienced a short-term upward surge, with a roughly 16% increase. Simultaneously, PAXG spot prices on Binance surged by over 8%, reaching $4,790 at one point and currently trading at $4,386.53. Furthermore, Coingecko data shows that PAXG also experienced a surge on other major platforms, even briefly exceeding $4,800.