Old Fish takes a deep dive into Binance integrating U.S. stocks and its impact on the entire crypto industry and altcoins. Here's to help everyone better understand this move. 1. Crypto and U.S. stocks share the same liquidity pool. Binance users no longer need to transfer funds from crypto to other brokerage platforms, so there won’t be liquidity loss caused by people moving funds to invest in U.S. stocks. On the contrary, since platforms like Tiger Brokers and Futu are under strict regulation, Binance opening up U.S. stock trading will attract a large number of U.S. stock users, bringing in significant funds (let’s call it M1 for now). 2. The real game-changer is staking and lending. This is the first time U.S. stocks and crypto are fully integrated, creating some interesting financial strategies. For example, long-term QQQ investors can use their QQQ stocks as collateral to borrow a small amount of funds to invest in $BTC, $ETH, and altcoins. This activates the M1 pool, rolling it over to generate a large amount of M2 (metaphorically speaking), which becomes new liquidity for crypto. 3. The liquidity pool gets bigger. Building on the first point, for altcoin project teams and market makers, the most direct impact is that the pool gets larger. During the bear market, the overall crypto liquidity pool kept shrinking, and no matter what projects tried, there just weren’t enough fish in the pond. Now, with U.S. stock users bringing in funds, the pool will have more fish. Some might say U.S. stock investors won’t trade crypto, but that’s a lack of imagination. It seriously underestimates the storytelling abilities of crypto project teams. 4. More creative strategies. Over the past few years, the financial strategies around liquidity have been all about leveraging one leg to step on the other to reach new heights. Now that Binance is directly integrating U.S. stocks, can the treasury stocks in market makers’ Binance accounts be used as collateral? I suggest everyone think about this carefully, really think it through, and let your imagination run wild. That’s it for today’s share from Old Fish.