驽马财经

Just wrapped up trading day gave first-time investors diving into the US stock market a solid lesson:

Don’t think that escaping the crypto scene means the US stock market is a foolproof safe haven!

As soon as the non-farm payroll data dropped yesterday, expectations for interest rates heated up, and all high-risk assets took a beating.

The market was in a crazy sell-off, and while the crypto space wasn’t spared, US stocks didn't perform much better either,

▫️ The Nasdaq plummeted 4.2%, dropping over 1100 points

▫️ Storage giant Micron $MU in the AI sector also tanked 13.25%

The parent company of stablecoin USDC $CRCL fell 11.33%

The wake-up call is: no pool is absolutely safe. Don’t get fooled by the illusion that "US stocks have actual revenue, are more stable, and won’t crash." The strength of US stocks lies in tech innovation, which is why indices like the Nasdaq 100$QQQ and S&P 500 are relatively stable, but not all stocks are winners. This time, if we exclude the AI sector, other stocks didn’t shine much.

What really helps you make money is not like a monkey grabbing hotspots here and there but properly managing your positions and ensuring a diversified cross-asset allocation. Thinking US stocks are great without doing research and dumping all your crypto into them will only make you a weak hand, getting hit from both sides.

#美股 #比特币 #仓位管理

$ZEC This recent drop has everyone thinking we've been hacked and that infinite supply is pushing us to zero?

Actually, that's not the case. The Orchard privacy pool's zero-knowledge proof vulnerability has been around for 4 years, but it was discovered by researchers on May 29th. The team swiftly disabled Orchard on June 1st, and by June 3rd, they completed a patch through an emergency fork. There's no evidence showing it was exploited, and Zcash's Turnstile mechanism tightly locks the inflow and outflow between the transparent and privacy pools at a strict 1:1, making it impossible to break the total supply cap of 21 million coins.

So why the sudden crash now? The whales are just looking for an excuse to offload and cash in. While they dump, they watch on Twitter as a bunch of folks seriously analyze that "privacy coins are done for"; you can bet the manipulators are laughing all the way to the bank.

Trust in privacy coins has always been shaky, and once FUD hits, it amplifies. But this incident proves once again: striking a balance between on-chain transparency and privacy protection is always a tough nut to crack. Be cautious when trying to bottom-fish; the whales' strategies are too deep, so don't risk your entire stack.

#ZEC遭攻击币价下跌30%

$BNB Wake up, man! You'd think Binance listing US stocks is a big win for you. Just check out the trajectory of my little bro $HYPE and compare it with yours—you're heading straight for a new low at 570.

As the top dog in platform tokens, this price action doesn't match your status. With US stocks and a ton of big trades coming in, all those fees are bound to bounce back to $BNB sooner or later. Stop snoozing and get to trading!

#bnb #hype

The crypto world is in its darkest hour, with everyone silent as Bitcoin drops below 67k, seemingly not far from the previous low of 60k. This contrast to the booming U.S. stock market makes it all feel even more dismal.

The Twitter timeline is flooded with bubble talk, as if the entire crypto industry has lost its purpose. Some are saying that fleeing to U.S. stocks is the only way out. There are whispers that the trendline has broken, that spot ETF funds are seeing massive outflows, and some predict we're about to replicate the last bear market's trajectory. Others believe AI is the future, and that the crypto narrative has lost its allure.

Remember, during every cycle's bottom, this kind of chatter is common. But let's not forget, there are always steadfast crypto believers buying up the dips in silence beneath the surface; they are the unsung supporters on social media, and this force is brewing.

What can we do? Those with leverage should bring in external funds to lower their leverage, while those without leverage should hold their spot positions steady. If you have extra capital, it’s a good time to start buying. Data from the past two decades shows that Bitcoin never lets down those who believe in it. It remains what it is—unchanged.

When the wind blows, it stirs people's hearts; Bitcoin will always be there.

After the exchange listed US stocks, there's a lot of FUD in the market regarding crypto assets, with everyone thinking crypto is done for and that all the money will be sucked away by US stocks led by AI. Is this true? Not really; it’s just that crypto is in a bear market right now, lacking the money-making effect. When you're down, everyone wants to kick you while you're down.

Is it really bad that US stocks are listed on the exchange? Sure, funds will be siphoned off to US stocks, but I believe this is just a short-term event. Recently, because mainland China banned accounts like Tiger and Futu, those US stock refugees and domestic investors wanting to buy large amounts of US stocks are opening accounts at crypto exchanges.

The exchange is like a big supermarket, with US stocks, US bonds, ETFs, and crypto all in one place. So, will people coming to buy US stocks also pick up some crypto assets on the side? Just like when we go grocery shopping and grab some snacks, in the long run, this represents new capital. Without this event, they might never have considered buying crypto assets.

Thinking deeper, if the crypto market rallies again, the next bull run will definitely be more spectacular. The market isn’t short on cash, and these people entering the exchange to buy US stocks will be the catalysts for the next big bull run. It doesn’t matter if it’s valuable or not; as long as there’s money to be made, no one will care about that. In this world, everyone is chasing profits.

The world's largest crypto exchange, Binance, has officially launched US stock trading, allowing you to buy over 7000 stocks and ETFs directly with stablecoins.

The stocks you buy aren’t on-chain tokens or contracts, but actual shares of publicly listed companies. The initial offering supports stablecoins USDT, USDC, USD1, U, and $BNB for market participation.

US stocks are officially hitting the exchange; the future is here!

#美股超话 #币安

Based on the latest APK decompilation evidence, Binance is set to launch
real US stock spot trading, while simultaneously developing a 1:1 tokenized product called bStocks, establishing a classic dual-track architecture of 'TradFi foundations + Crypto innovation'.

1. Overall Structure: Alpaca Custody + Binance's Own Tokenization

Binance won't directly custody securities but will adopt a compliant introducing broker model:

Utilizing the ADGM licensed entity Nest Trading as the introducing broker, orders will be routed to the US licensed broker Alpaca for execution, clearing, and custody.

Users can trade directly in the new 'Stock' or Equity tab on the Binance main site, experiencing a service close to traditional brokers, supporting fractional shares, corporate actions, etc.

bStocks Tokenization:

After buying real stocks, users can instantly mint bStocks at a 1:1 ratio for free (standardized tokens deployed on the BNB Chain).

Supports reverse redemptions, achieving seamless bridging between TradFi assets and on-chain DeFi.

Both can be freely converted, forming a closed loop: the main site handles compliant trading and real rights

benefits, while the BNB Chain ensures flexible circulation 24/7.

2. Trading Hours and Liquidity for Real US Stocks:

Supports regular Eastern time hours (9:30-16:00), pre-market and post-market, as well as the 24/5 extended trading already launched by Alpaca.

Mainstream stocks (AAPL, NVDA, TSLA, etc.) have good liquidity during regular hours; spreads will widen during non-peak hours.

bStocks:

True 24/7 on-chain trading, unaffected by US stock market closures. Initial liquidity relies on Binance's market-making and users' minting volumes, with hopes to gradually deepen through arbitrage mechanisms.

Well, the spring has come for $BNB , with both transaction fees and gas fees set to increase significantly.

#bnb一輩子 #美股超话

In the crypto space, with eyes on the future, Micron, the AI storage giant, saw a $300 billion spike in just one day. We must face the reality that AI narratives are dominating global funds.

Personal portfolio allocation should definitely include three parts:

1. $BTC , the cornerstone of the crypto industry, digital gold.

2. Nasdaq 100 ($QQQ ), no matter how AI evolves, all the star companies will appear in this index, representing the future of human tech civilization.

3. $BNB , Binance aims to become a financial giant that can trade crypto, tokenized US stocks, Pre-IPO perpetual contracts, and other global assets simultaneously, so valuation needs to rise.

Never hold on too tightly to one position; this way you can view issues from a more objective angle, rather than being over-leveraged where your position dictates your thinking.

#美股九连涨加密市场走低 #AI

Exchanges are turning into global financial supermarkets, and the crypto industry is about to undergo a massive reshuffle.

Now, top exchanges like Binance and Bitget are ramping up efforts in tokenized US stocks and Pre-IPO perpetual products, gearing up to use USDT and USDC as bridges to create a one-stop trading platform.

Here, users no longer need to open traditional brokerage accounts; they can trade cryptocurrencies, blue-chip US stocks, and unicorn-level market assets all at once. Crypto and traditional finance are merging.

The collective move by exchanges into this space is driven by three main reasons:

1. Taking advantage of the current regulatory easing, with increased tolerance for tokenized assets and derivatives, to expedite progress;

2. In the midst of a crypto bear market with fierce competition, it’s essential to tap into the trillion-dollar traditional finance market to boost fee income;

3. Aiming to build a comprehensive financial ecosystem for differentiated competition and solidifying their position in the industry.

For us regular investors, the current investment threshold has significantly lowered; with just one exchange account, we can break geographic and regulatory barriers and trade various assets 24/7, truly achieving a supermarket where all assets can be bought.

For exchanges, by introducing US stocks and US bonds, they can upgrade their trading categories, user base, and revenue structure, transforming from a single crypto platform into a global financial hub, enhancing both brand and compliance strength.

As for the cryptocurrencies themselves, under competitive pressure, the industry will accelerate its cleansing process. Coins without real value, relying purely on hype, will eventually be weeded out by the market, while quality tokens with technology, ecosystems, and real-world applications, like hype, will find new development opportunities, and coins like BTC and BNB will also benefit, as the massive influx of capital from traditional finance will flow into these coins.

So there’s no need to panic; the combination of traditional finance and crypto assets isn’t a zero-sum game. The end result will certainly be symbiotic, but in the future, only those valuable crypto assets will remain to arm wrestle with US stocks.

#币安

The $BNB spot ETF officially hit Nasdaq yesterday, making it the first platform coin crypto spot ETF to launch on a traditional U.S. exchange.

This is akin to the significance of BTC and ETH spot ETFs, allowing everyday U.S. investors and institutions to legally and compliantly invest in BNB through regulated brokerage accounts.

This is fantastic news for BNB, as it marks the first spot BNB ETF in the U.S., indicating indirect recognition from U.S. regulators. While it currently has a volume of just $1 million (1555 BNB), the future growth potential is limitless.

#bnb #BNB走势

Bad news → BTC has dropped out of the global top ten assets.

Good news → If BTC can reclaim silver's spot, the price could hit $210,000 each.

#BTC #白银

The Nasdaq 100 has seen an annualized return of nearly 21% over the past decade. If you invested 100k, it’s now worth 700k.

That’s the most counterintuitive part about it; the more you think it’s overvalued and shouldn’t keep rising, the more it tends to skyrocket.

Many people look at the Nasdaq 100 <a>$QQQ </a> and only have one thing to say:

The price is too high.

It’s gone up too much.

A correction is due.

I’ll wait for a dip to buy.

But year after year passes, and not only do they not get that lower entry point, but the index price keeps climbing higher.

Because whether you think the Nasdaq 100 is overpriced doesn’t really matter.

What matters is that it reflects the earning power, pricing power, and growth potential of the world’s strongest tech companies, which is completely different from the crypto space and the A-shares market.

If you use the valuation logic of mature consumer industries to assess it, you’ll always think it’s overpriced.

But the market isn’t buying cheap stocks like picking up cigarette butts.

The market is buying certainty, growth, and future potential.

The true test of one’s investment logic with the Nasdaq lies not in understanding concepts like AI, memory, or chips.

Rather, it’s whether you can accept a fundamental investment fact:

Good stocks are basically never cheap.

The more you want to wait for a correction to build your position, the less likely the market will give you that chance.

So just establish a base position and start dollar-cost averaging; that’s the right move. Remember, the US stock market will never let you down.

<a>#纳斯达克100 </a> <a>#QQQETF </a>
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Ten years ago, I heard about the bubble in the US stock market, and that bubble has only inflated more and more, showing no signs of popping. The internet, AI, and the US stock market always manage to come up with new narratives, attracting global capital to invest like crazy.

To see a massive surge, $BTC needs a new story, a fresh concept. What kind of narrative can match the future of human financial civilization?

Digital gold and the true ownership of private property by humanity are clearly not enough. Let's brainstorm some ideas; who knows, the big players might just adopt them.

As Bao Er Ye wisely said, whether it’s achievable or not, first tell the story. If it grabs attention and pulls in funds, that’s what matters. After all, when you succeed, there will be scholars to argue your case.

#AI #比特币未来

As major exchanges are going all in on US stocks, it's clear that when AI-driven US stocks go on a parabolic run, the crypto space is getting siphoned off.

In this battleground, a boatload of cash is flowing into AI stocks like Nvidia, Google, and Micron. If the Fed decides to hike interest rates and pull back liquidity, once the US stocks start a serious correction, the crypto market is likely to get hit even harder. Missed the meal, but got punched during the fallout.

In the past, the crypto scene at least had its own independent narrative: DeFi, NFTs, inscriptions, memes. But now that exchanges have brought in US stocks, users are waking up, realizing that tech companies in the US stock market are the real assets, not this pure crypto casino that’s just about harvesting retail investors.

In a way, the crypto market is turning into an extension of the high-volatility liquidity of US stocks. The biggest concern is that if US stocks take a dive, the crypto market will undoubtedly follow suit. If US stocks keep climbing, cash will continue to be siphoned off into mid-cap US stocks, leaving the crypto market potentially getting hit from both sides.

Exchanges are gradually turning crypto into an outsourced liquidity market for US stocks. For now, we can only hope for sideways action at high levels in US stocks instead of a downturn; that's the only way liquidity can flow back into crypto, sparking a new liquidity bull run.

#AI #美股 #币圈

Micron ($MU ) saw a massive 19.29% surge in a single day, breaking through $950 at one point. With its memory chips and storage solutions, it has become a core player in AI, successfully surpassing a market cap of $1 trillion and officially joining the trillion-dollar club globally.

If you invested $300k in Micron six years ago, you’d be sitting on over $5 million now—talk about financial freedom! From a fundamentals standpoint, the AI giants in the US stock market have completely outperformed $BTC , and the high-yield attributes that crypto has long boasted are losing their edge in the face of real returns driven by tangible industry growth.

The US stock market leaders in AI have solid production capacity, revenue, and industry influence, while the narrative advantage of crypto assets is steadily diminishing. As US stocks go on-chain, the crypto industry is undergoing a coming-of-age experience, leaving behind its closed utopia and officially integrating into the global financial megamarket. Under real market rules, all concepts must face the test of reality—the arena is now open.

As an investor, it’s wise to allocate some of your position to stocks like $NVDA , Micron, and the Nasdaq 100 to hedge against the risks posed by crypto.

#美光 #比特币 #AI

The major exchanges are making moves left and right. After noticing the native crypto scene is sluggish, they're all trying to grab a slice of the US stock market on-chain, looking to uncover new sources of transaction fees.

It's no longer just about partnering with third parties like $ONDO ; they're aiming to connect directly with the NASDAQ or opting to build front-end client systems while leaving the backend to compliance firms for clearing.

The more I look, the more it feels like exchanges and traditional brokerages are merging. Just yesterday, #币安 introduced a direct purchasing channel for major compliant institutions to buy crypto assets. The entire crypto industry is undergoing a massive shift; a big transformation is on the horizon. The key to wealth is hidden within, so it's crucial to stay sharp and ready to strike when opportunities arise.

#RWA #crypto

Ondo's on-chain transformation of U.S. stocks has sparked a wave in RWA, but sadly, founder Allman passed away before witnessing this upcoming boom.

The products launched under $ONDO allow non-U.S. clients in regions like Asia-Pacific, Africa, and Latin America to partake in the profits from the U.S. capital markets, which is a significant innovation that benefits society.

Native crypto users can now easily buy tokenized U.S. stock products, and I've already set up a position on Ondo; the actual experience has been quite impressive. I hope the Ondo team carries on the founder's legacy and continues to refine the products further.

#ONDO

The only coin that's making waves this round, $HYPE , is about to surpass
$DOGE in market cap—while the overall market is barely breathing, Hyperliquid's market cap is steadily climbing, having just touched a total market cap of NO.9 for the first time.

HYPE is the first major player in on-chain exchanges + revenue assets + ETF productization, and this narrative has a high ceiling.

However, it's currently riding a high wave; it previously had low market share and was under the radar of US regulators, but now that it's fattened up, the iron fist could come down any moment with penalties. Plus, as it moves towards compliance, it will also face mandatory KYC requirements, so it's crucial to see how $HYPE navigates this potential pitfall.

#HYPE市值排名第九 #Hyperliquid

Why did MicroStrategy buy back $1.5 billion of the $MSTR convertible bonds last week instead of buying the $BTC ? Are they not planning to buy it?

I'll break it down into four areas:

1. What are these convertible bonds?

Convertible bonds are a hybrid security that gives holders the right to convert them into common stock of the issuing company under certain conditions. The repurchased 2029 zero-coupon convertible senior notes were originally issued in November 2024, with a face value of $3 billion and a maturity date of December 2, 2029. The conversion price for these bonds is $672.40 per share. As of the announcement of the buyback, MSTR's stock price was around $183, significantly below the conversion price, making the buyback a bit of a long shot.

2. Did MicroStrategy make a profit? The 2029 convertible bonds repurchased by MicroStrategy have a conversion price of $672.40, while MSTR's stock price is only $183. This means the conversion value of these bonds is far below their face value, leading to discounted trading in the market. The company repurchased the debt at a price below face value (around a 92% discount), achieving a discounted buyback.

3. What’s the impact on $MSTR ? By buying back $1.5 billion of debt for $1.38 billion, they directly reduced their liabilities by $120 million, lowering the company's overall debt level. By repurchasing these convertible bonds, MSTR eliminated the potential risk of future equity dilution, and this buyback can improve the company's balance sheet, reducing financial risk, which could allow for more convertible bonds to be issued in the future. Although the buyback requires cash outlay, it reduces future interest payments, killing two birds with one stone.

4. What’s the impact on STRC? This buyback optimized MSTR's capital structure and lowered overall financial risk, indirectly benefiting the stability of STRC's dividends and the company's long-term healthy development. From a broader perspective, the improvement in MSTR's overall financial condition may enhance investor confidence in the entire MSTR ecosystem.

Simply put, buying back their own convertible bonds at around a 10% discount is a smart move. MicroStrategy's play here is like borrowing $1 million from Zhang San, agreeing to pay it back in three years. Now, just a year into it, Zhang San needs cash and says, 'Just pay me back $900,000 to clear the debt.' Anyone would jump at that deal.

#微策略募资支持比特币战略 #比特币

You gotta track the Nasdaq 100 Index fund $QQQ for sure.

The annualized return over the nearly ten years from 2016 to 2026 is about 20%. That means if you threw down 300k in 2016, you'd be sitting on 1.5 million now. That's enough to change a lot of lives, and it beats the returns from hustling your own business by a long shot, plus it's way less stressful.

Think about it: why do American pension funds invest in the stock market? Why do the world's wealthy and governments pump cash into the US stock market? It's because it's profitable, right?

Stop sleeping on it! If you've got some cash, you absolutely need to get into that Nasdaq 100 Index fund. Just look at its stocks (Nvidia - $NVDAon , Apple, Tesla, Google, Microsoft, Amazon) – which of these isn't a household name? And with Musk's $SPCX , Open AI is getting in the mix too. This is the only shot regular folks have to ride the wave of human technological progress.

#纳斯达克 #Space