Micron released its financial report after market hours on June 24th. This point is quite awkward for Asia. After hours is 4:30 pm in the East Coast, around 4:30 am on June 25th. At the moment when the financial report was released, Nasdaq had already closed down, and in traditional brokerage accounts, you could only watch and wait for the next trading day to open. The fluctuation of financial reports at night is not a joke for tickets like Micron. Implied fluctuations of more than ten points are considered normal, with a unilateral opening of 15%. The most crucial price jump happened during a time that you couldn't reach. I have been researching on the US stock market on the blockchain recently, which is somewhat related to this embarrassment. Now there is a batch of tokenized US stocks on Solana, and MU is also there. The biggest difference between the MU tokens you buy in places like Backpack and traditional securities firms is that they are not closed. 7 × 24 trading has been ongoing without opening or closing. So theoretically, the moment the financial report is released in the early morning, you can take action on the chain. It does solve one thing: the Asian time zone is structurally disadvantaged in the face of US stock earnings night, with the biggest information and volatility squeezed into the hours when you can't trade. At least the 'unable to move' has been solved on the chain. But there are two places I will keep an eye on. One is liquidity. The plate of tokenized stocks on the chain is still small, and the thinner the trading volume during non US stock periods, the wider the price difference. Someone told you that the on chain price difference is extremely small, which is when the US stock market opens normally and both sides can hedge. At 4:30 in the morning, when the US stock market closes and market makers' hedging legs are broken, the price difference is likely to widen, not narrow. This goes against intuition, remember. One is the 1:1 hosting. This is the foundation of the entire logic. Whether tokens can be redeemed at the value of one share at any time, whether the custodian is reliable, and who can take advantage of the situation are experiences, and custody is the underlying layer. The issuer's decision on the bottom layer doesn't count, it needs to be verified by a third party. If you really want to touch it, first figure out who is hosting it. There is an old saying that 24-hour trading is different from whether you should or not. The on chain US stock market is a real thing, which indeed solves the pain point of time zones. But the risks it adds, such as thin plate price differences and custodial counterparties, are as real as its convenience. I haven't decided how to handle this financial report myself yet. I just want to clarify that one day I will be on the chain to deal with the fluctuations of the financial report night, it must be because I have figured out the direction and position in advance, not because 'I can trade now anyway'.