The information flow is too fast, and in-depth analysis articles are easily drowned by hot topics. The "Weekly Editor's Picks" column extracts these valuable content from vast information, helping you filter out noise, leaving insights and inspiration.
Investment and Entrepreneurship
The end of the "gray account opening era" for Hong Kong and US stocks, where else can your money go?
On May 22, a combination of regulatory punches from both the mainland and Hong Kong simultaneously landed, directly ending the "gray channel" for investing in Hong Kong and US stocks, affecting millions of mainland investors who invested in overseas markets through Hong Kong brokerages.
Most brokerages quickly implemented the new regulations after they were issued, tightening account openings. Those brokerages that have completely stopped accepting new mainland clients include: Futu Securities, Tiger Brokers, Chuangqiao Securities, and Huasheng Securities. All four have closed new account opening channels, and while some existing accounts can still trade normally, they are only allowed to sell in one direction, waiting for the full exit after a two-year transition period.
Currently, limited channels for mainland residents are still preserved by licensed Hong Kong brokerages: Yung Lee Securities, Fosun Wealth, and Rich Fortune Securities.
In summary, after May 2026, the compliant paths for ordinary mainland investors to invest in Hong Kong and US stocks will be significantly narrowed, but not completely closed. According to the current situation, several routes are still passable.
- Most stable path: Compliant identity, compliant funding channels and a Hong Kong bank account.
- Policy compliant channels: Stock Connect, QDII, Cross-border Wealth Management Connect.
- On-chain paths: Platforms like Hyperliquid, xStocks provide technical alternatives.
On June 12, SpaceX will ring the bell on NASDAQ, with stock code SPCX; SpaceX expects to raise $75 billion to $80 billion, targeting a valuation of approximately $1.75 trillion to $2 trillion, which will become the largest IPO in human history.
Thanks to the rise of the Pre-IPO market, ordinary people finally have the opportunity to get on board SPCX ahead of time. Odaily Planet Daily reviews and compares the seven Pre-IPO platforms currently listing SPCX for pre-market trading.
After Dell's surge, which companies will benefit from the AI infrastructure trend?
The AI boom is further propagating from models and chips to servers, memory, storage, and data center equipment. As tech giants like Alphabet and Amazon continue to increase investments in AI infrastructure, hardware manufacturers like Dell, which possess supply chains, customer relationships, and delivery capabilities, are becoming direct beneficiaries in this new round of AI capital expenditure cycles.
For investors, Dell's rise means that AI trading is entering a more downstream, more tangible stage: whoever can turn chips into deliverable data center infrastructure may gain the next round of valuation reassessment.
Anthropic hits $1 trillion: Apart from Pre-IPO, what other hidden "Claude concept stocks" are there?
Also recommended: 《The King of Stock Recommendations in US Market Serenity: Leading institutions build positions at low points, annual return of 3840%》 《"The Great Trader" Trump, propping up the entire field of quantum computing》.
Predictive Market
Making a huge profit of 2.4 million, these 9 insider addresses understand the US-Iran war best
Policies and Stablecoins
SEC delays "token stock" innovation exemption, who is fiercely opposing?
The innovative exemption got the brakes applied at the last minute. The opposing subject is again Wall Street, represented by traditional forces like Citadel Securities and the Securities Industry and Financial Markets Association (SIFMA).
The core opposition arguments from Wall Street mainly focus on: concerns that market liquidity fragmentation issues may arise; concerns that US stock tokens might threaten the traditional compliance defenses; and there are still gaps in technology and legality. There are also cautious reservations within the SEC.
Essentially, this delay in exemption is a fierce clash between a new generation of innovative endeavors and the defensive mechanisms of traditional forces.
The dream of fully opening up "token stock" trading may still face a long way ahead in the tug-of-war of regulation, but the door to asset tokenization has been kicked open and cannot be closed again.
Tiger Research: A deep dive into Circle's financial report, where will crypto go next?
Using Q1 2026 results as a turning point, Circle is accelerating its paradigm shift—from a pure stablecoin issuer to a comprehensive infrastructure operator in the digital asset industry.
Its forward-looking business strategy revolves around three core pillars: maximizing USDC profit margins and circulation; launching its own L1 network "Arc" to diversify gas and fee revenue; and capturing the AI payment entry through Agent Stack.
Airdrop Opportunities and Interaction Guide
TermMax and Renaiss heat up, how to get involved in these two projects incubated by YZi Labs?
Meme
Binance Wallet officially announced the launch of a new feature Event Rush (Event Trench). Users can trade result tokens for real-world events such as sports events, cryptocurrency price targets, or news. This feature is supported by the 42.space protocol on BNB Chain, and users can purchase event tokens with USDT on BSC and can sell or hold until settlement before the event ends.
42.space and predict.fun are not horse racing, but two paths for Binance to bet on the prediction market.
Ethereum and Scalability
Is native privacy functionality Ethereum's lifeline?
ETH's market is sluggish, while privacy coins are gaining strength, and Ethereum developers are urgently launching native privacy features.
The balances and transaction records of assets on the Ethereum chain are fully public, which not only repels institutional investors but also weakens its core competitiveness as the industry's default settlement layer.
Insiders suggest that the Ethereum privacy feature must be deployed within 12 months, or it will be limited to the level of technical research, and traffic and attention will continue to be seized by competing products.
Security
On the evening of May 28, the SPACEX - USDH perpetual contract on Hyperliquid experienced a severe flash crash, with the price dropping from $2277 to a low of $1254 in 30 minutes, a drop of nearly 45%, and then rebounding to about $2169.
The cause of the incident was that an off-chain data provider, as one of the oracle price components, returned erroneous data, resulting in severe fluctuations in the oracle price and marked price in that market, triggering forced liquidation of some users' positions.
The team has taken measures to prevent similar situations from happening again. Additionally, the team is assessing the impact of this incident on affected users to formulate appropriate compensation plans. Affected users will receive compensation within the next 48 hours.
This Week's Hotspots Briefing
Policies and Macro Market
SEC delays the opening of tokenized stock trading;
Hong Kong Monetary Authority requires banks to complete investigations on fake account openings dating back to January 2023 within three months;
US-Iran has reached an agreement on fully opening the Strait of Hormuz;
OpenAI and SpaceX queue for IPO: Wall Street begins to "clear positions" in advance;
Opinions and Voices
Trump: I saved the US cryptocurrency industry and will establish a "future-oriented" cryptocurrency market structure framework;
The US CLARITY Act may lead to a new track of "earnings as a service," promoting the development of AI-driven compliant earnings infrastructure;
Grayscale's Vice President: The so-called "10 o'clock crash" is not a conspiracy, but the new normal of ETF;
VanEck CEO: Storage chip stocks are a supply-demand mismatch bubble, and most crypto projects will die out in five years;
CryptoQuant Analysts: Bitcoin has entered a risk aversion phase, and ETF demand momentum is far below last year's peak;
Bloomberg Analysts: Bitcoin's volatility structure is gradually aligning with that of gold, and its asset attributes may change;
Researchers firmly support the Ethereum Foundation: Its responsibility is not to "pump ETH," but to make itself gradually less important;
Vitalik publishes an article outlining his expectations for the future development of Ethereum, revealing that nearly 90% of his net worth is in ETH;
Bankless Co-Founder liquidates ETH and writes: Ethereum has done the right thing, but "ETH as currency" has no future;
Standard Chartered maintains a bullish view on ETH: expecting it to reach $4000 by the end of 2026 and $40,000 by 2030;
Polymarket Team angrily calls Kalshi executives "idiots," for criticizing Polymarket's lack of KYC and calling for it to close down;
Polymarket clarifies that existing platforms will not introduce mandatory KYC;
Institutions, Major Companies, and Leading Projects
OKX launches Exchange OS (interpretation);
Polymarket launches Beta version of perpetual contracts;
Data
Ethereum L1 transaction volume hits an all-time high, gas fees are at a low point;
Micron Technology's total market cap exceeds $1 trillion;
Mining coin Pearl is hot;
VVV skyrockets;
Security
First-line audit experts warn: all DeFi is unsafe;
CertiK launches Skill Scanner to establish a standardized security review layer for AI Agent applications;
Google engineer is embroiled in Polymarket insider trading case...
Attached is the series of Weekly Editor's Picks. See you next issue~
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