The previous two accounts used Binance Wallet to deposit 100000 USDC each. After the refund last night, I received compensation in the early morning These compensations were made by Binance for purchasing $1 million worth of SPCX stocks, which were minted into SPCXb tokens and distributed to all 27689 participants as comfort, with an average of 0.21805372 shares per person (approximately 36U) This SPCXb token is an important component of Binance's US stock market: bStocks BStocks is issued by BTECH Holdings Limited, a subsidiary of Binance, and is regulated by the Abu Dhabi Global Market (ADGM). The 1:1 ratio corresponds to actual stocks, and holders can also receive dividends In this way, users can not only buy US stock SPCX on Binance, but also SPCXb on BNB Chain and Binance exchanges The former is a true US stock, and its products and trading structure were introduced in my previous article: https://((x.com))/Sea_Bitcoin/status/2061388309742649576 The latter is actually an RWA token, but it has also been listed on the Binance exchange's listing The bStocks model belongs to the conventional RWA approach that we understand: the asset issuer holds stocks in custody and issues a corresponding number of tokens on the chain And this time, the participation of everyone in the cryptocurrency circle is xStocks using the channels of major exchanges, taking the needs and funds of all retail investors, to negotiate shares upstream, like "community group buying" stocks for new releases. Just judging from the results, it was a mess When stocks are mapped 1:1 onto the chain, there will be more interesting scenarios From the previous 5 × 24 hours to 7 × 24 hours trading ◦ Wide range of scenarios combined with DeFi, such as staking, lending, interest earning, etc As a self managed asset, it is more convenient to verify ownership and asset thresholds on the chain, and there will be more interesting scenarios to explore, such as https://(x.com)/SeaBitcoin/status/1994655249832055012 I roughly estimate that the amount of funding involved in SpaceX's new venture in the cryptocurrency industry this time is around $2 billion, which is not much compared to the total funding of $300 billion. However, having such explosive power in just one week still reflects CEX's potential in high-quality asset distribution channels Looking forward to a super financial app like Binance having greater say in the future, directly obtaining the distribution rights of high-quality assets from Wall Street underwriters