If you are a retail investor who entered this market after watching Leopold 13F, please be cautious.

The U.S. Securities and Exchange Commission is simultaneously opening up two entirely different pathways for the on-chain development of U.S. stocks.

On May 19-20, 2026, the U.S. Department of Justice, representing the federal government, reached a settlement with former President Trump regarding his civil tax lawsuit against the IRS, amounting to approximately $10 billion: on one hand, the agreement included a rare clause that explicitly stated the IRS and the federal government are "forever barred and precluded" from initiating reviews, audits, or further actions on tax returns submitted prior to the signing of the agreement, involving Trump himself, his family, and related trusts and companies.

The water level has changed, causing a huge shock in the global bond market.

BBX disclosed that the SEC's tokenized stock exemption framework is about to be implemented, with Coinbase and Robinhood being the most directly benefited listed companies.

The cryptocurrency market welcomes an epic deepwater bomb this week! According to insider sources, the U.S. Securities and Exchange Commission (SEC) is ready to formulate a disruptive new plan: to officially allow trading cryptocurrency versions of traditional stocks on blockchain and DeFi platforms.

In an environment where the 30-year Treasury yield has reached a new high not seen in 19 years, all assets that cannot outperform 5.2% are relatively at a loss.

1. CEX Popular Cryptocurrencies CEX Trading Volume Top 10 and 24-Hour Price Change: BTC: -0.56% ETH: -1.24% SOL: -1.7% XRP: -2.83% ZEC: +1.45% BNB: -1.05% DOGE: -2.23% SUI: -3.33% TRX: +0.14% TON: -1.44% 24 H Price Increase Ranking (Data Source: OKX): PROMPT: +44.75% XCH: +19.8%

On May 19, 2026, three news items that should have been presented separately were roughly stitched together by the market into a single risk narrative: Trump issued a countdown warning to Iran, stating a "2-3 day negotiation deadline," accompanied by a threat that "if Iran acquires nuclear weapons, Israel will be destroyed, and the U.S. may resort to military action again"; at the same time, Putin began a two-day state visit to China, which was interpreted by the outside world as another stage for a multipolar narrative and a discourse on de-dollarization amidst the tense U.S.-Iran situation and the Russian-Western opposition.

In mid-May 2026, the U.S. stock market continued to maintain a strong "wall-climbing" pattern of hitting new highs. Major Wall Street investment banks like Goldman Sachs have recently raised their end-of-year target for the S&P 500 index to 7600 points or even higher.

The "On-chain Singularity" of Wall Street and US stocks: Bloomberg and Reuters have confirmed that the US Securities and Exchange Commission (SEC) is expected to issue an "Innovation Exemption" for tokenized stocks as early as this week.

Original author: Xu Chao Original source: Wall Street Journal The market's concerns about the newly appointed Federal Reserve Chairman Kevin Warsh's aggressive balance sheet reduction may have greatly overestimated what he can actually achieve. Warsh was recently officially confirmed by the Senate to serve as Federal Reserve Chairman. Due to his long-standing critical stance on the Federal Reserve's large balance sheet, there are widespread worries that he will quickly push for large-scale balance sheet reduction. However, Bank of America interest rate strategists Mark Cabana and Katie Craig stated candidly in their latest research report released on May 18: whether in terms of scale or composition, Warsh can significantly leverage...

Bandwidth wall, scale wall, power consumption wall drive silicon photonics to replace copper, NVIDIA's strategic investment focuses on InP lasers, reviewing TSMC, Lumentum, and other core U.S. stock targets.