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

marsbitPubblicato 2025-12-17Pubblicato ultima volta 2025-12-17

Introduzione

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.

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

PancakeSwapCAKE

JUSTJST

Domande pertinenti

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.

Letture associate

Annual Salary of Millions Competing for Electricians, Meta Rushes to Open Its Own Technical School

The AI boom is facing an unexpected bottleneck: a severe shortage of skilled construction workers and electricians. As tech giants like Meta, OpenAI, and Alphabet race to build massive data centers—such as OpenAI's $16 billion "Stargate" project—they are hitting a critical labor wall. The U.S. needs an estimated 130,000 more electricians, 240,000 construction workers, and 150,000 supervisors by 2030 for AI infrastructure alone, but tens of thousands of electrician jobs go unfilled each year. While AI companies offer high premiums, with electricians earning up to $280,000 annually, worker scarcity still causes massive losses—delays on a single project can cost $14.2 million per month. The complexity of building AI data centers, which require immense power (equivalent to powering hundreds of thousands of homes), sophisticated electrical systems, and advanced liquid cooling solutions, demands highly skilled technicians who are in short supply. To combat this, companies are investing heavily in training. Meta has committed $115 million to a free training school offering tuition, housing, and stipends, targeting 5,000 new workers. OpenAI is partnering with unions to secure skilled labor. These efforts are paying off, with a significant rise in Gen Z interest in trade schools over college. However, the power demands are staggering. AI data centers are driving a rapid surge in electricity consumption, projected to account for up to 12% of U.S. power use by 2028 and raising costs for consumers. Furthermore, the construction boom is project-based, leading to a potential future glut of trained workers once building peaks, which could depress wages industry-wide. The race for AI supremacy now depends as much on skilled hands as on advanced chips.

marsbit5 min fa

Annual Salary of Millions Competing for Electricians, Meta Rushes to Open Its Own Technical School

marsbit5 min fa

OpenAI No Longer Sells Its Most Expensive Model for Profit

OpenAI is shifting its business strategy away from promoting its most expensive, flagship models for every task. Recent price cuts—80% for GPT-5.6 Luna and 20% for Terra—signal a deeper change: the company now actively advises users that many tasks don't require the most powerful model. Instead, OpenAI recommends a tiered approach: use the high-end GPT-5.6 Sol for complex planning and analysis, then delegate execution to cheaper models like Luna. This mirrors moves by Anthropic, which recently launched Claude Opus 5 at half the price of its top model, Fable 5. Both companies are de-emphasizing flagship models as primary revenue drivers, using them instead for brand prestige and technological showcases. The industry is entering a "mass-market" phase, similar to automotive, where high-volume, cost-effective models handle daily operations and drive scale. OpenAI's price reductions are partly enabled by AI models themselves optimizing underlying code and infrastructure, creating a self-reinforcing cycle of efficiency gains and cost reduction. Competition is shifting from "who is smartest" to "who offers the best value." The goal is no longer selling individual models but fostering widespread API adoption and ecosystem lock-in. By making AI calls cheap and ubiquitous, companies like OpenAI aim to become the indispensable, utility-like infrastructure powering automated workflows—the "water and electricity" of software, quietly embedded everywhere.

marsbit5 min fa

OpenAI No Longer Sells Its Most Expensive Model for Profit

marsbit5 min fa

Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn

Coldcard hardware wallet users are facing a new wave of coordinated attacks targeting a firmware flaw, with researcher Alex Thorn flagging 218 recent transactions moving approximately 389 Bitcoin from potentially impacted addresses. The attack pattern shows a high rate of transactions targeting unique victim addresses, differing from previous waves. The vulnerability, which causes affected devices to generate weaker wallet seeds, is estimated to have impacted over 1,100 wallets, leading to around $90 million in Bitcoin stolen. Thorn advises affected users who control their keys may attempt to move funds with a higher-fee transaction before the attacker's transactions are confirmed.

cointelegraph13 min fa

Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn

cointelegraph13 min fa

Bitcoin Miners Are Waving the White Flag, But Their Stocks Are Soaring

Bitcoin miners are capitulating as evidenced by a sustained drop in network hash rate and a record-steep 19.9% decline in mining difficulty, signaling the shuttering of unprofitable machines. However, in a significant divergence from historical patterns, the stocks of publicly traded mining companies have soared, with one major player gaining over 430% in the past year, even as BTC's price fell roughly 46%. This surge is largely attributed to these companies pivoting toward the more lucrative AI narrative. Simultaneously, miners face a structural squeeze. Daily block reward revenue in BTC terms has hit a new all-time low following the latest halving, with current dollar-denominated daily revenue around $30 million compared to a longer-term average of ~$40 million. Fee revenue remains negligible, covering less than one block's subsidy over a 28-day average and accounting for only about ten minutes of the network's daily security budget. This capitulation cycle is unique: miner stress and crypto price weakness have decoupled due to alternative revenue streams (AI), while the long-term reliance on increasing bitcoin prices to offset shrinking subsidies continues, with fee income still far from filling the impending gap.

marsbit16 min fa

Bitcoin Miners Are Waving the White Flag, But Their Stocks Are Soaring

marsbit16 min fa

Will the Fed Definitely Raise Interest Rates in September? How Will Crypto and U.S. Stocks Withstand the Pressure?

The market's expectation for a September Fed rate hike surged dramatically in early August, jumping from under 50% to over 80% within a week. This shift followed a contentious July FOMC meeting, where a 9-3 vote to hold rates revealed growing dissent from hawkish members advocating for an immediate hike to combat persistent inflation. The primary catalyst for this repricing is rising oil prices, driven by renewed geopolitical tensions around the Strait of Hormuz, which threaten global supply. Energy costs directly influence inflation metrics, making the upcoming July CPI report (due August 12th) a critical data point. If it shows inflation reaccelerating, the probability of a September hike will solidify. For Bitcoin and crypto assets, this is typically bearish news. Bitcoin continues to behave as a high-beta, liquidity-sensitive risk asset. A rate hike raises the opportunity cost of holding non-yielding assets and could drive capital toward money markets, pressuring crypto prices in the short term. However, historical patterns suggest that if a hike is perceived as the end of a tightening cycle rather than the start, any negative price impact may be brief. U.S. stocks, particularly crypto-linked equities like Coinbase and growth-oriented tech stocks, are also vulnerable. Higher rates increase discount rates in valuation models, putting pressure on high-multiple companies. This coincides with a pivotal tech earnings season where investor focus has shifted from massive AI capital expenditure to tangible revenue and cash flow generation. Companies with negative cash flow and weak growth narratives could face heightened volatility if borrowing costs rise in September. In summary, a September Fed hike has evolved into a mainstream market scenario. Key factors to watch are oil prices, the July CPI report, and Fed communications, which will determine the final decision and its impact on volatile crypto and equity markets.

marsbit16 min fa

Will the Fed Definitely Raise Interest Rates in September? How Will Crypto and U.S. Stocks Withstand the Pressure?

marsbit16 min fa

Trading

Spot

Articoli Popolari

Come comprare O

Benvenuto in HTX.com! Abbiamo reso l'acquisto di O1 exchange (O) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente O1 exchangeO.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva O1 exchange (O)Dopo aver acquistato O1 exchange (O), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia O1 exchange (O)Scambia facilmente O1 exchange (O) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

586 Totale visualizzazioniPubblicato il 2026.06.19Aggiornato il 2026.06.29

Come comprare PROS

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Pharos (PROS) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente PharosPROS.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Pharos (PROS)Dopo aver acquistato Pharos (PROS), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Pharos (PROS)Scambia facilmente Pharos (PROS) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

550 Totale visualizzazioniPubblicato il 2026.06.22Aggiornato il 2026.06.29

Cosa è VERONA

I. Introduzione al Progetto VERONA è una blockchain costruita per tutti, ovunque attraverso l'astrazione della catena. Utilizzando il suo livello di astrazione generalizzato, VERONA si distingue integrando funzionalità blockchain complesse, come conti, firme e interoperabilità, direttamente a livello di protocollo. Questo approccio consente di interagire con le applicazioni blockchain senza la necessità di comprendere le tecnologie sottostanti.1) Informazioni di Base Nome:VERONA(VERONA)III. Link Correlati Link al sito ufficiale：https://xion.burnt.com/ Whitepaper:https://xion.burnt.com/whitepaper.pdf Esploratori：https://explorer.burnt.com/ Social Media: https://x.com/burnt_xion Nota: L'introduzione al progetto proviene dai materiali pubblicati o forniti dal team ufficiale del progetto, che è solo a scopo di riferimento e non costituisce consulenza per investimenti. HTX non si assume responsabilità per eventuali perdite dirette o indirette risultanti.

534 Totale visualizzazioniPubblicato il 2026.06.22Aggiornato il 2026.06.22

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di A A sono presentate come di seguito.