⚡ Latest news: US stocks no longer need to stay up late for trading! NASDAQ officially announced that the 23 hour trading system (23/5) will be launched on December 6, 2026 and has been approved by the US Securities and Exchange Commission (SEC). At that time, the US stock market will only be closed for one hour per day (20:00-21:00 Eastern Time) for system clearing and data processing, while the rest of the time will be open for continuous trading. For investors in China, Asia and other regions, they can trade US stocks normally during the day in the future without staying up late to monitor the market. However, it should be noted that the market liquidity during night trading hours is relatively low, and the bid ask spread may widen. Price fluctuations may also be more severe than during normal trading hours. Investors should fully assess the relevant risks before participating in trading. Analysis of the Impact on the Cryptocurrency Market Short term impact: neutral to bearish Long term impact: neutral bias The biggest significance of this matter is not that the US stock market can trade for a few more hours, but that traditional finance (TradFi) is moving towards a 24-hour trading model in the cryptocurrency market. 1. The advantage of "7x24 trading" in the cryptocurrency market is being weakened (short-term bearish) One of the biggest advantages of the cryptocurrency market in the past few years has been: 24/7 trading Non-stop on weekends Global synchronization Many funds will enter cryptocurrency assets such as BTC and ETH for risk hedging or gaming after the US stock market closes. After 23 hours of trading on NASDAQ in the future, most working days will be able to trade US stocks, and the funds flowing into the cryptocurrency market due to market closures may decrease, forming a certain diversion for assets such as BTC. 2. The linkage between the US stock market and the cryptocurrency market will further strengthen (with a medium to long term bullish trend) In recent years, the cryptocurrency market has been increasingly influenced by US tech stocks. For example: NVIDIA (NVIDIA) Tesla (Tesla) Micro Strategy Coinbase 23 hour trading means: When significant fluctuations occur in AI concept stocks When macro data is released When an international emergency occurs The US stock market and cryptocurrency market can react almost synchronously without waiting for the opening of the next day. The price linkage between BTC, ETH, and the US stock index may become more immediate in the future. 3. Exchange competition will further escalate (favorable for Crypto trading platform) We have seen trends in the past year: Multiple cryptocurrency exchanges launch US stock spot trading Launch perpetual contracts on the US stock market The rapid development of tokenized stocks The reason is simple: The user wishes to: One account, trading all assets. Future users will not be satisfied with: A securities firm trades stocks One exchange traded coin A platform for trading gold But I hope all assets can be traded 24 hours a day. Therefore: The 23 hour trading of the US stock market is actually verifying the trend of "global asset trading around the clock". This is actually beneficial for providing a platform for trading multiple assets such as stocks, cryptocurrencies, foreign exchange, gold, etc. 4. The competition pressure for tokenized stocks is increasing Previously, one of the selling points of many tokenized stock projects was: Stocks can be traded 24 hours a day Now, the trading hours of the US stock market have been extended to 23 hours, which has weakened this advantage. Future tokenized stocks will need to rely on other advantages to compete, such as: Real time settlement on chain (T+0) Composability (DeFi) Global borderless access Can be used as DeFi collateral assets Lower transaction costs Otherwise, relying solely on "longer transaction times" is no longer sufficient to create significant differentiation. In the next five years, the focus of market competition will no longer be on "who can trade 24 hours a day", but on who can provide a unified global asset trading platform - assets such as stocks, cryptocurrencies, foreign exchange, gold, bonds, etc. can be traded and settled in real-time 24/7 in the same account. From this perspective, this event has limited impact on BTC, but has deeper strategic significance for RWAs (real-world assets), tokenized stocks, on chain securities, and cryptocurrency exchanges that provide multi asset trading capabilities.