Nasdaq Plans to Launch 23-Hour Trading, Paving the Final Stretch for On-Chain Stocks and Tokenized Assets

marsbitPublicado a 2025-12-17Actualizado a 2025-12-17

Resumen

Nasdaq has submitted a proposal to the SEC to extend U.S. stock trading hours to 23 hours per day, effectively formalizing overnight trading. This move is seen as a step toward preparing the market infrastructure for future 24/7 on-chain stock trading and asset tokenization. Key implications include: - Improved accessibility for retail investors, enabling trading across more time zones without waiting for traditional market hours. - Enhanced performance for on-chain stock platforms (e.g., Ondo Finance, StableStock), as their broker-mediated transactions will align with extended market hours, ensuring smoother and more liquid operations. - Stronger support for DeFi protocols, as near-24-hour official pricing improves oracle reliability for lending, derivatives, and other decentralized applications. - Better risk management for brokers and market makers, who can hedge positions throughout most of the day, leading to smoother pricing and deeper on-chain liquidity. This shift signals accelerating momentum toward on-chain equities and tokenized assets.

Just saw a very interesting piece of news:

A few hours ago, Nasdaq officially filed documents with the SEC, planning to extend U.S. stock trading hours to 23 hours per day, formally incorporating the "night session" into the official trading system.

Hmm? Are you trying to set the stage for the 7x24 "on-chain stocks" and "tokenized assets" market two years from now, starting with 5x23?

Simply put, it currently looks like the image above. If approved, it will change to the image below.

If it really gets approved, the impact will be significant:

1. Retail Investors - First and foremost, the experience for retail investors will improve. No more staying up late waiting for the market to open; they can buy and sell during the day too.

And this enhanced experience isn’t limited to Futu and Tiger Brokers. It applies equally if you’re using on-chain U.S. stocks like Ondo Finance or StableStock. This is because, fundamentally, your buying and selling are executed through their brokers acting as intermediaries. This is also the underlying mechanism for "on-chain U.S. stocks having no slippage and infinite liquidity," as they are backed by the NYSE and Nasdaq. As long as broker transactions become smoother, your on-chain actions will naturally become smoother too.

2. DeFi - Previously, the low liquidity and trading volume in pre-market and after-hours sessions affected the composability of on-chain U.S. stocks in DeFi, as the price discovery mechanism was in a "downgraded mode" during non-trading hours. Now, with nearly 24-hour official markets, it will provide the most authoritative and uninterrupted "price oracle" for future DeFi protocols (such as lending and derivatives).

3. Brokers/MMs for On-Chain U.S. Stocks - These brokers and market makers will now be able to hedge in the U.S. stock market for 23 hours, making the price curve smoother. Market makers can provide deeper liquidity on-chain around the clock without worrying about extreme risks. Unlike before, where a major event or black swan during the pre-market hours left prices unreflected and nowhere to run, forcing everyone to wait for the market to open.

The era of on-chain U.S. stocks and the tokenization of everything is undeniably drawing closer.

Criptos en tendencia

CitreaCTR

wrapped stUSDTWSTUSDT

Preguntas relacionadas

QWhat is Nasdaq's plan for extending trading hours, as mentioned in the article?

ANasdaq has submitted a proposal to the SEC to extend U.S. stock trading hours to 23 hours per day, effectively incorporating overnight trading into the official system.

QHow would extended trading hours benefit retail investors according to the article?

ARetail investors would have a better experience as they wouldn't need to wait for the market to open, allowing them to trade during their daytime hours more conveniently.

QWhat impact would near-24-hour trading have on DeFi protocols?

AIt would provide a more authoritative and continuous price oracle for DeFi protocols (like lending and derivatives), improving price discovery mechanisms during previously low-liquidity periods.

QHow do on-chain U.S. stock platforms like Ondo Finance achieve 'slippage-free' and 'infinite liquidity'?

AThey achieve this through brokers who execute buy/sell orders on their behalf, connecting to traditional exchanges like NYSE and Nasdaq, so extended trading hours make on-chain actions smoother.

QWhy is the extended trading window beneficial for brokers and market makers in the on-chain stock space?

AIt allows them to hedge in the U.S. stock market for 23 hours, leading to smoother price curves and deeper on-chain liquidity without worrying as much about extreme risks during off-hours.

Lecturas Relacionadas

Marvell: Can't Compare to NVIDIA, Can't Meet Expectations, Overvaluation Gets Squeezed First?

Marvell Technology (MRVL.O) reported its Q2 FY2027 earnings (ending July 2026) after market close on August 27. Key points include: The company raised its full-year revenue outlook for FY2027 to $12 billion (from $11.5B) and for FY2028 to $18 billion (from $16.5B). However, these upward revisions were only slightly above market expectations and significantly trailed NVIDIA's recent explosive guidance. The Data Center segment, accounting for 79% of revenue, grew 19% quarter-over-quarter to $2.17 billion, primarily driven by connectivity products. For FY2028, management forecasts over 60% growth for this segment, again below NVIDIA's >70% outlook. A major disappointment for investors was the lack of an upward revision to the Custom ASIC business guidance, despite Marvell's recent partnership agreement with Google. The market had anticipated potential gains from Google's TPU orders, but the maintained guidance for "over 100% growth" in FY2028 (with no specific target for FY2027) led to concerns that the Google deal may be a less favorable "framework agreement" where Marvell holds a weaker negotiating position. Adjusted gross margin was flat at 58.3%. Q3 revenue guidance is $3.15 billion, slightly above consensus. Overall, the report was largely in line with expectations, but the subsequent stock decline is attributed to growth forecasts that failed to meet heightened market expectations (particularly versus NVIDIA) and lingering uncertainty around the tangible benefits of the Google ASIC partnership. High valuation faces near-term pressure, but expectations for >50% growth in the coming years and long-term ASIC opportunity may provide support.

marsbitHace 35 min(s)

Marvell: Can't Compare to NVIDIA, Can't Meet Expectations, Overvaluation Gets Squeezed First?

marsbitHace 35 min(s)

US Stock Market Trend (August 31st): Kashkari's Hawkish Remarks Weigh on Chip Stocks, US-Iran Weekend Strikes Boost Oil Prices

U.S. stock markets ended lower on Friday following hawkish remarks from Federal Reserve Chair Wash at the Jackson Hole symposium, which sharply increased the probability of a September rate hike from 35% to nearly 60%. Major indexes fell: the S&P 500 dropped 0.25%, the Nasdaq declined 0.52%, and the Dow was essentially flat. This shift in interest rate expectations pressured rate-sensitive assets, leading to significant declines in chip stocks. The Philadelphia Semiconductor Index fell 3.47%, with Nvidia dropping 4.57%, erasing about half its post-earnings gains. Geopolitical tensions also escalated over the weekend as the U.S. and Iran exchanged military strikes, raising concerns over the security of oil transit through the Strait of Hormuz. This pushed oil prices up over 2% in early Asian trading on Monday, reintroducing a geopolitical risk premium. In other energy news, former President Trump announced a landmark 25-year oil deal with Venezuela, aiming to significantly increase the country's oil production. However, this long-term supply boost was overshadowed in the short term by the Middle East conflict and the dominant market focus on interest rates. The core market narrative for the coming week revolves around the interplay between re-priced hawkish rate expectations and escalating geopolitical risks. Key areas to watch include the trajectory of Treasury yields, the evolution of U.S.-Iran tensions and its impact on oil prices, and whether the sell-off in high-valuation tech and semiconductor stocks stabilizes or continues under the pressure of higher rates.

marsbitHace 51 min(s)

US Stock Market Trend (August 31st): Kashkari's Hawkish Remarks Weigh on Chip Stocks, US-Iran Weekend Strikes Boost Oil Prices

marsbitHace 51 min(s)

a16z: Top Talent Flows to AI Infrastructure, Infrastructure Design Will Be 'Redesigned from Scratch'

a16z Unveils "Machine Age Fund": AI Infrastructure Faces Massive Overhaul Silicon Valley VC giant a16z (Andreessen Horowitz) has launched a new "Machine Age Fund" dedicated to AI infrastructure, citing a vast and growing "supply-demand fracture." Key takeaways: * **Unlimited Demand vs. Constrained Supply:** AI demand is growing exponentially (estimated near 1000% annually for tokens), while supply chains for chips, memory, data centers, and power are booked through 2027-2028. GPU prices are rising against historical trends. * **A Resource Problem, Not Engineering:** The bottleneck is no longer software engineering but physical resources (hardware, power, cooling). Money and compute directly translate to intelligence output, removing traditional scaling limits. * **Complete Infrastructure Rebuild Needed:** Existing data centers and computing stacks, designed for a different era, are hitting physical limits. Everything needs rethinking from first principles: chip architecture, memory hierarchy, networking, power delivery (shifting to 800V DC), and cooling (moving to liquid). * **Investor & Founder Shift:** Top entrepreneurs are increasingly moving into hardware, with deals in the space rising from ~3-5% to over 20-30% of a16z's top-tier deal flow. Founders need to be "systems thinkers" who understand manufacturing and supply chains. * **Massive Economic Scale:** Training a frontier model now costs $3-5B. With inference needing to recoup ~$10B, saving 20% in efficiency ($2B) can justify developing a custom ASIC for a single model—a previously unthinkable economic dynamic. * **Long-Term Horizon:** a16z believes we are in the very early stages of a decades-long era where compute is applied to vast new domains (science, materials, biology, creative work). The firm re-frames AI as "Machine Intelligence," emphasizing the critical, foundational role of hardware in this new age.

marsbitHace 1 hora(s)

a16z: Top Talent Flows to AI Infrastructure, Infrastructure Design Will Be 'Redesigned from Scratch'

marsbitHace 1 hora(s)

OpenAI Buys Tens of Thousands of Macs for Reinforcement Training! NVIDIA's Job Gets Snatched by Apple

OpenAI is reported to have purchased tens of thousands of Mac mini and Mac Studio computers for reinforcement learning tasks, specifically to train "computer-use agents." This surge in demand from AI companies like Anthropic as well has made Mac Apple's fastest-growing product line. Apple is promoting its hardware's suitability for local AI processing, highlighting advantages like the unified memory architecture of M-series chips and robust cooling in desktop Macs. However, this unexpected enterprise demand has led to supply shortages for high-end configurations. Nvidia has taken notice, launching its DGX Spark desktop AI computer as a direct competitor. While Apple has begun building internal servers with its chips for AI tasks, it currently does not sell them, relying instead on partners to expand its enterprise reach.

marsbitHace 1 hora(s)

OpenAI Buys Tens of Thousands of Macs for Reinforcement Training! NVIDIA's Job Gets Snatched by Apple

marsbitHace 1 hora(s)

ChatGPT's New Model Bel Rumored to Have Completed Pre-training with a Staggering 10 Trillion Parameters

ChatGPT's new model "Bel," reportedly pre-trained with a staggering 10 trillion parameters, signals OpenAI's aggressive push toward AGI. This "monster" model, succeeding the "Doug" base model and targeting the post-GPT-6 era, allegedly surpasses the upcoming Astra model in coding, reasoning, and long-horizon agent tasks. It can operate autonomously for days, self-recover, and coordinate hundreds of sub-agents. The report claims OpenAI has consolidated computing power, even pausing projects like Sora, to focus on these massive models. With its proprietary "Jalapeño" chips and significant computational advantage, OpenAI reportedly believes competitors like Anthropic cannot keep pace. Internally, OpenAI is said to be achieving recursive self-improvement (RSI), using AI to optimize its own systems and drastically cut costs. Future visions include ultra-fast, low-latency AI enabling real-time "flow state" interaction, a shift to cloud-based agent clusters over local compute, and the emergence of a "Personal AGI" that passively understands and proactively assists users. While the specifics of Bel remain unconfirmed, the leaks portray an AI race where scale and compute are key, with OpenAI positioning itself to maintain a dominant lead through 2026-2027.

marsbitHace 1 hora(s)

ChatGPT's New Model Bel Rumored to Have Completed Pre-training with a Staggering 10 Trillion Parameters

marsbitHace 1 hora(s)

Trading

Spot

Artículos destacados

Cómo comprar DJT

¡Bienvenido a HTX.com! Hemos hecho que comprar Trump Media and Technology Group Corp. (DJT) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Trump Media and Technology Group Corp. (DJT) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Trump Media and Technology Group Corp. (DJT)Después de comprar tu Trump Media and Technology Group Corp. (DJT), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Trump Media and Technology Group Corp. (DJT)Tradear fácilmente con Trump Media and Technology Group Corp. (DJT) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

269 Vistas totalesPublicado en 2026.08.26Actualizado en 2026.08.26

Qué es MRK

Una empresa farmacéutica líder a nivel global enfocada en la investigación y el desarrollo de medicamentos innovadores con receta, vacunas y biológicos. Sus productos principales incluyen la terapia de inmuno-oncología Keytruda y la vacuna contra el VPH Gardasil, entre otros, mientras también se expande en el sector de salud animal. La empresa opera bajo la marca "Merck" en EE. UU. y Canadá, y como "MSD" (Merck Sharp and Dohme) en otras regiones del mundo.

361 Vistas totalesPublicado en 2026.08.26Actualizado en 2026.08.26

Cómo comprar MRK

¡Bienvenido a HTX.com! Hemos hecho que comprar Merck Co., Inc. (MRK) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Merck Co., Inc. (MRK) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Merck Co., Inc. (MRK)Después de comprar tu Merck Co., Inc. (MRK), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Merck Co., Inc. (MRK)Tradear fácilmente con Merck Co., Inc. (MRK) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

201 Vistas totalesPublicado en 2026.08.26Actualizado en 2026.08.26

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de A (A).