1️⃣ MSCI Confirms Removal of Crypto Treasury Companies Like Strategy from its Indices; Reuters confirmed that stocks of Bitcoin treasury companies such as Strategy and Japan's Metaplanet have been removed from the MSCI index. 2️⃣ OKXICE Announces Plans to Launch Tokenized Securities Trading on November 23; OKXICE, a joint venture between OKX and ICE (the parent company of the NYSE), plans to launch a tokenized securities trading service in the United States on November 23. The announcement indicates that initially, it will offer more than 70 assets, including securities from companies such as Coinbase, Circle, Robinhood, and Strategy, as well as 59 Direxion ETFs. The service will be available to eligible US clients and will have identity, region, and wallet eligibility restrictions. I believe this development has long-term research value. If securities can achieve longer trading hours, on-chain settlement, and self-custody under compliant conditions, the competitive boundaries of trading infrastructure will continue to expand.