I just saw a very interesting news item. A few hours ago, Nasdaq officially submitted documents to the SEC, planning to extend US stock trading hours to 23 hours a day, formally incorporating "night trading" into the official trading system. Hmm? Are you setting an example for a 24/7 "on-chain stock" and "asset tokenization" market in two years, starting with 5x23? Simply put, it looks like this now, but if it's approved, it will look like this. If it really passes, the impact will be significant. 1. Retail investors - First and foremost, retail investors will have a better experience. They won't have to stay up all night waiting for the market to open; they can buy during the day. And this improved experience isn't limited to Futu and Tiger Brokers; you'll experience the same with on-chain US stocks like @OndoFinance and @StableStock. Essentially, your buying and selling is done through their brokers, which is the underlying mechanism for "no slippage and unlimited liquidity" in on-chain US stocks, because they are connected to the NYSE and Nasdaq. 1. A smoother broker trading experience naturally leads to smoother on-chain operations. 2. DeFi – Previously, low liquidity and trading volume in pre- and after-hours markets impacted the composability of on-chain US stock market participation in DeFi, as price discovery mechanisms were essentially in a "degraded mode" outside of trading hours. Now, a near 24-hour official market provides a highly authoritative and uninterrupted "price oracle" for future DeFi protocols (such as lending and derivatives). 3. On-chain US Stock Market Brokers/Market Makers – These brokers/market makers can hedge in the US stock market at any time within 23 hours, resulting in smoother price curves. Market makers can provide deeper on-chain liquidity around the clock without worrying about extreme risks. Unlike before, when a major event or black swan event occurred a few hours before the market opened, prices couldn't reflect the impact, and everyone had nowhere to run but to wait for the market to open. The era of on-chain US stocks/everything on-chain is finally getting closer.

Teacher Bai accurately pointed out my entrepreneurial direction.