Further expand our ideas on the topic of stock tokenization: 1. In fact, before the pure US stock tokenization, both FTX and Mirror (before Luna's explosion) had done it, and the volume was not large. What difference can be made this time? The biggest difference is: At that time, the cryptocurrency industry was very profitable. Who was bored and went to speculate in the US stock market? I'll buy some FTT and watch SBF take off dozens of times with my left foot and right foot. Doesn't it feel good? Now it's ten times a week for cryptocurrency stocks, but the cryptocurrency industry doesn't have a big chance. 2. There are now many stocks that want to ride on cryptocurrency, which logical coin circle people can understand. For example, there are many people who engage in micro strategies for counterfeit coins, stablecoins, and cryptocurrency licenses. The biggest problem in the cryptocurrency industry in the past period was the lack of narrative levels such as Defi, Inscriptions, and Gamefi, so currently hot money wants to rush in. The previous cycle was different. 3. Before, the Chinese did not pay taxes when they were speculating in American stocks, but now they have begun to pursue taxes. For countrymen who have the highest average IQ for making money and taking advantage of loopholes, there is a strong demand. 4. Does it affect the liquidity within the cryptocurrency market? In the short term, it may not be very obvious yet, but once there is another myth of cryptocurrency stocks becoming rich like Circle, and it happens to be on a company's stock coin list like xStocks, causing a bunch of retail investors to hit it, it may really be like adding another bunch of king level projects to the cryptocurrency circle to attract blood. 5. Will @ Binance and @ okx make a move? Okx is expected to remain low-key and conservative in its IPO efforts to avoid mistakes, but Binance is likely to follow suit. Even if the main site does not directly open a section, it is not ruled out that it will be introduced on the chain. After all, who said only Solana can speculate in the US stock market? If @ bnbchain really wants to create one, it is just a matter of finding xStocks. I wouldn't be surprised if I could add NVDAx to Alpha someday 🤣🤣🤣