Well, from an institutional perspective, sometimes one may not fully understand the difficulty of individual investors' reasoning I can only share some of the 'common sense' of the institution, institutional readers should not feel verbose ======================= Last time, a few readers said If the benefits of Robinhood Chain are reversed to Arb's benefits, This time, The stock currency repeatedly mentioned by the regulatory authorities in the US stock market has also been linked with Solana multiple times. Can the injection of stock currency liquidity into the US stock market be interpreted and deduced to benefit SOL? 1. Old readers who have been following me for several years know that I have repeatedly mentioned that Solana has long changed its attitude towards memes, from embracing to neutral to opposing 2. My attitude towards SOL In the past two years, the "iterative definition" has shifted from a positive outlook to a pessimistic outlook on future development space ======================= You may not have figured out one thing, The stock coins on Robinhood Chain are issued by Robinhood itself, as Robinhood is a securities firm The regulatory system and mainstream news media in the United States have reported on Solana related stocks and coins, so people may not be familiar with: How did Solana's stock coins come about? There are two paths, 1 is Securitize, The other one is xStock The issuance method of Securitize's stocks and coins is: issuer sponsorship or security interests, friendly to US jurisdictions, requiring US KYC The stock issuance method of xStock is: issued by Backed Assets (Jersey) with 1:1 endorsement, more open to non US investors, and restricted to US users So, do you understand now? ======================= No, you didn't understand. Securitize, used by Americans XStock, for non Americans Robinhood Chain can have Robinhood as a broker behind it If there is no brokerage chain behind it, how can we make stock coins? Of course, we can only find xStock ======================= Where does the liquidity of the cryptocurrency market come from? Of course, it relies on the following link: Stocks → Stock Coins → Pure Coins Most of the trading volume is provided by non US regions, remember? What is the first major narrative of cryptocurrency that we often say? Yes, wash US KYC can be washed Is that okay? Of course not. In the end, there is only one question left: Who owns xStock? The answer is already within reach. ======================= So, who will bring the next round of liquidity explosion after Robinhood Chain? Do I need to say more? Believe in logic Believe in professional institutions Instead of trusting KOLs in the Chinese speaking region