In the past two days, aside from the Federal Reserve and Sino-U.S. trade, five of the seven sisters have released their earnings reports. These five companies can be said to control half of the U.S. stock market, and any movement from them can cause fluctuations in the S&P 500 and Nasdaq. During the earnings report period, they can significantly influence the short-term trends of the risk market. Yesterday, Nvidia seemed to have absorbed a large amount of liquidity from the market.

Previously, buying U.S. stocks was quite complicated for friends in the crypto space, as opening a brokerage account and completing KYC for funds were quite troublesome. Now, on Bybit, you can directly purchase U.S. stocks through @xStocksFi, avoiding a lot of hassle, and you can buy directly with USDT. Recently, U.S. stocks have seen good gains, even surpassing $BTC, so many friends are now considering allocating to U.S. stocks or U.S. bonds.

Recently, there has been quite a bit of information about xStocks. They have already provided 1:1 support for the underlying stock assets, and these are mostly held in custodial accounts at banks or brokers. They also use bankruptcy isolation methods to ensure that user assets remain secure even if the platform encounters issues.

Moreover, compared to other platforms, xStocks' biggest advantage is the interoperability between multiple exchanges. Since it is based on the standard of http://Backed.fi, assets can flow across several exchanges. For example, Apple stock purchased on Bybit can be transferred to Kraken for trading, allowing for transfers between different exchanges without the need to convert assets. This will have a positive impact on the broader integration of crypto and stock DeFi in the future.

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