The traditional financial industry has changed. Before the AI chip company CBRS went public this time, the contract prices on Bitget and Hyperliquid predicted the opening price of the US stock market in advance. This indicates that stock tokenization and Pre IPO are no longer concepts, but are starting to affect traditional finance. Wall Street is still waiting for Nasdaq to open, and the cryptocurrency market has already started pricing. Whoever has faster liquidity, 24-hour trading, and more users is more likely to form market consensus first.