From DTCC to Coinbase, the battle for tokenized stocks between Wall Street and crypto-native players.

Deconstruct the "exchange rate backchannel" that is overlooked by the mainstream, and its true implications for the cryptocurrency market.

The AI intelligence has gone out of control, making the U.S. government unable to sit still.

But if you take a close look at the underlying assets, you will find that the really high risk is actually in the last two categories—because they themselves are products that "come with 2 times leverage." Adding "up to 10 times perpetual" on top of the "2 times leverage," the risk is certainly not as simple as "2×10=20 times."

Oil prices have become the pricing center again, and market concerns about inflation and interest rates are rising.

Buffett's choice essentially states: In the second half of AI trading, certainty is more valuable than flexibility.

Buffett's choice essentially states: In the second half of AI trading, certainty is worth more than flexibility.

Bitcoin is fluctuating around the 65,000 mark, with the weekly 200 EMA and 50-month line becoming the focus of bulls and bears, as institutional net buying coincides with ETF inflows; Asian storage stocks are correcting, and the Japanese stock market will not open tomorrow.

BTC has not broken the previous high for a week; 65,500 has become a key resistance level. Tonight, the US stock market may determine the short-term direction.

Bank of America believes that Samsung will soon announce a significant cash return to shareholders in the form of share repurchases and special dividends, expecting the scale of special dividends to exceed 30 trillion won and the scale of repurchases to exceed 40 trillion won.

Bank of America's advice is to "retreat or rotate," withdrawing from risk assets or rotating into defensive sectors, duration assets, and the dollar.

The core issue this week has shifted to whether the inflation data can support the current interest rate pricing.

Today we mainly discuss three things: whether the market's strength is due to genuine bulls entering or if it is a rebound caused by shorts being squeezed; whether there is still incremental capital willing to chase in the AI chip sector; and what the outcome of the $17 million SPCX long position in commercial aerospace will ultimately be.