The boundaries of assets are blurring, leaving only "volatility" and "liquidity." This feeling came to me recently after seeing OKX list US stock contracts. Everyone is discussing the inconvenience of listing US stocks on OKX. A deeper logic is the "collapse of asset nature." Previously, stocks were stocks, and cryptocurrencies were cryptocurrencies, separated by thick compliance walls and bank accounts. But now, when NVDA becomes a perpetual contract address on OKX, it's essentially no different from BTC and ETH—they've all become on-chain liquidity symbols. This "folding" is terrifying. OKX is essentially using its own index, its own risk hedging engine, and its own margin system to run these assets. This means that clearing power is shifting from the geographical "Wall Street" to the digital "exchange." If this system works, traditional financial trading volume will naturally follow. I see the most discussed topic in the group is security. That's understandable; the operation is already incredibly convenient. The remaining question is whether you can confidently put large sums of money into it. @okxchinese @Mercy_okx