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#美SEC推动加密创新监管 From asset tokenization to the cryptoization of US stocks, Nasdaq plans to launch 5x23 hours of trading, and in the future, '7x24' all-weather trading is also expected to arrive. What are the pros and cons of all-weather trading? Yesterday, Nasdaq officially submitted documents to the SEC, proposing to extend the trading hours of stocks and exchange-traded products (ETPs) from the current 16 hours a day to 23 hours a day, five days a week (effectively near-continuous trading for five days a week, with a 1-hour maintenance break in between). If approved, it is expected to be implemented in the second half of 2026.
In fact, as the process of asset tokenization accelerates, when the vast majority of securities assets are transferred to the blockchain in the future, all-weather trading will become inevitable. The crypto market has already achieved 7×24 hours of trading, attracting a large amount of capital seeking instant responsiveness. Nasdaq has also stated that this move is to compete for the order flow of these investors and to position itself for future participation in the digital asset market (such as tokenized securities).
Ethereum Classic (ETC) has become a frequent target of 51% attacks due to its use of PoW consensus, and its computing power and market value being far lower than Ethereum.
In January 2019, attackers launched an attack by renting over 112% of the total network's computing power through NiceHash, executing double-spending of tokens via chain reorganization. Several exchanges were affected, with Coinbase detecting nearly 220,000 ETC (about $1.1 million) stolen, and Gate.io losing approximately $200,000.
In August 2020, ETC faced three consecutive 51% attacks, resulting in over $5.6 million worth of tokens being double-spent, while also unlawfully obtaining block rewards. Many exchanges suspended ETC trading, leading to a plummet in coin prices and severe asset losses for users.
Since then, its security vulnerabilities have persisted, trust levels have significantly declined, and it has become a typical case of being attacked and exploited due to insufficient computing power.
🚨📉 Cash Levels Reach Record Low as Stock and Commodity Allocations Rise
Cash levels have indeed hit a record low of 3.3%, according to Bank of America's survey among global fund managers, down from 3.7% previously. This drop indicates investors are moving their money into stocks and commodities, which have seen increased allocations to their highest levels since February 2022.
⚕️Key Highlights:
- Cash Levels: At a record low of 3.3%, indicating reduced liquidity - Stock Allocations: Highest since February 2022, showing increased investor confidence - Commodity Allocations: Also at a high, suggesting a shift towards tangible assets
The survey reflects a bullish sentiment among fund managers, with many expecting growth in equities and commodities.
The global cryptocurrency market cap now stands at $3.07T, down by -0.05% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $85,147 and $89,987 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $86,280, down by -4.01%.
Most major cryptocurrencies by market cap are trading lower. Market outperformers include ACE, EDEN, and PORTAL, up by 18%, 12%, and 8%, respectively.
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