OKX tokenized stock spot market opens, launching a unified tokenized stock spot market with 24 USDT trading pairs in four batches: Covering Nvidia, Tesla, Apple, Microsoft, Amazon, Meta, Google, and ETFs like SPY, QQQ. The official name is Unified Tokenized Stocks, which includes not only US stocks but also ETFs, SpaceX exposure, and assets like TSMC. Essentially, it is a tokenized product of multiple equity assets. 1. What are you buying? For example, XNVDA corresponds to Nvidia price exposure but does not hold the stock nor shareholder rights. The product is provided by xStocks, 1:1 backed by underlying assets, with OKX responsible for trading. Essentially, it is a price-tracking token, not a real stock. 2. What changes is the trading entry point Users can directly trade stock exposure on OKX using USDT without a brokerage account. Supports grid and dollar-cost averaging strategies but currently does not support leverage. The key is a unified account experience, not a fully integrated financial system. 3. Risks of 24/7 trading Trading is available around the clock, but when US markets are closed, price references are limited, and spreads may widen. Weekend trading prices may deviate from Monday’s opening prices. Attention should be paid to spreads, liquidity, and price reversion. 4. "Unified" is more critical Stock tokens issued by different institutions can be unified into the same share and traded on the same order book. Supports Solana and X Layer. The advantage is aggregated liquidity, but withdrawals may receive different issuer versions. 5. Dividend handling Dividends are not paid in cash but converted into increased holdings. Deposits and withdrawals may be temporarily suspended during this period, but trading continues normally. 6. Why are exchanges deploying this? Tokenized stocks have reached scale: xStocks covers 168 assets with trading volume exceeding $35 billion; RWA total scale is about $26.7 billion. I think the most noteworthy point today is not "being able to trade Nvidia on weekends in the future." The real change is that Crypto users no longer need to leave their original funding accounts to gain exposure to more traditional assets. Previously, one account held only Crypto. Now it starts to include stocks, ETFs, gold, prediction markets, and other RWA. User funds remain in the same account, and the trading tools continue to be the original set. This is the core of exchanges competing for tokenized assets. However, asset tokenization does not automatically create liquidity. What needs to be proven by real transactions next is whether the order book is deep enough, spreads are tight enough, deposits and withdrawals are stable, and corporate actions are handled accurately. Today is the opening. The data from the next month will tell us: Whether tokenized stocks are just a new product category added by exchanges or will truly change how Crypto users allocate global assets. #OKX代币化美股现货今日开盘

The recent earnings season really feels more and more like a multiple-choice question. Apple's latest earnings report exceeded market expectations in many data points, but the stock price fell after hours. #苹果第三财季业绩超预期，盘后股价大幅下跌 I think the reason is simple: the market is no longer just looking at whether expectations were exceeded, but more at whether the company can continue to exceed expectations going forward. Tech giants have risen too much in the past few years, valuations are already very high, so if future growth slightly misses market expectations, funds might choose to take profits first. So recently, it's common to see: Good earnings, but the stock price doesn't necessarily rise

Today many people are talking about the 30-year US Treasury yield because it has reached a nearly 19-year high #30年期美债收益率创19年新高 Many think this has nothing to do with the crypto world, but actually, it is quite related The higher the long-term US Treasury yield, the easier it is for global funds to flow into low-risk assets Risk assets like stocks and Crypto usually face some pressure You can pay attention to: BTC, ETH, and the overall risk appetite of US tech stocks

The recent earnings season is really getting more interesting. The news headlines say: "Guidance misses expectations" But the stock price still rose #财报观察员：亚马逊指引不及预期，股价却反涨9% Amazon is the latest example. I think the market is no longer just looking at one quarter, but whether AI can continue to make money in the coming years. AWS growth continues to accelerate, and AI investments are still increasing. So even if some guidance is not as optimistic as the market imagined, funds still choose to keep buying. It’s becoming increasingly clear that the market is starting to reward AI companies that truly have profitability. You can pay attention to: AI cloud computing, data centers, and the Crypto AI sector

Microsoft gained the equivalent of an Intel in one day. Seeing this data today is still a bit exaggerated #微软单日市值增近4500亿，创美股纪录 After Microsoft's earnings report, its market value increased by nearly $450 billion in a single day, directly setting a new record in the US stock market history. Many people think Microsoft’s rise is too strong. Now the market is no longer about who can tell the AI story, but who can truly turn AI into profit. Microsoft’s Azure cloud business continuing to exceed expectations is the best example. If tech giants like $META and $NVIDIA also continue to deliver good results, the AI main theme will keep rising 📈 You can pay attention to: AI sector, GPU industry chain, and Crypto AI track sentiment

I saw this morning that Apple has returned to being the world's most valuable company, which is quite interesting: the company that has spent the least crazy money on AI this year has actually surpassed the hottest AI company 💁🏻 #苹果公司市值重回全球首位，超越英伟达 Apple's market cap once broke through $5 trillion intraday, closing near $4.98 trillion; Nvidia is about $4.78 trillion, with its stock price up about 25%, reclaiming the position as the world's most valuable company. Big companies are pouring money into AI by building data centers, borrowing money, buying chips, with cash flowing out like a turned-on faucet 💦 Apple's approach is more restrained; it hasn't frantically built data centers like others but has chosen to cooperate more with external partners like Google, while maintaining its cash flow. Not long ago, people laughed at Apple for being slow on AI, but being slow means at least it still has money in the bank. ♻️ So Apple's return to first place clearly represents this sentiment: The market is shifting from "who spends the most money" to "who spends money most effectively." For retail investors, being number one in market cap doesn't necessarily mean Apple will rise much immediately. 🔎 Looking from multiple dimensions: Can iPhone sales continue to grow? Can AI features drive device upgrades? Is Apple's lower investment a sign of efficiency or actual lagging? You can pay attention to Apple, Nvidia, as well as the Nasdaq and large tech ETFs. Users trading OKX tokenized stocks can also compare the trading volume, price spreads, and post-earnings volatility of $XAAPL and $XNVDA

The damn brat $AEON went up I was really pissed and laughing, angry but still bought some You better really pull it for me 😠

$AEON has been dumping since it launched, took a cut from me, now it's starting to pump again, not sure if it's a trap 🎣

Will there be a rate hike on Thursday? #美联储即将公布利率决议 This decision will be announced at 2:00 AM Beijing time on Thursday, followed by a press conference half an hour later. The current federal funds rate range is 3.50%—3.75%, and the market gives about a 65% probability of no change. You can think of it like a company meeting 👨‍💻 The boss announces today "no salary cuts," which sounds like good news 😼 But if he then says: "No cuts this month, but most likely cuts next month" Everyone would still be nervous 😿 So this time I will watch three things: First, whether the rate actually changes Second, how many Federal Reserve officials oppose keeping it unchanged and demand a hike Third, whether the Fed hints at a rate hike starting in September The market currently leans toward no change this time, but one to three dissenting votes supporting a hike may appear, paving the way for a September increase. ✍🏻 The impact on positions is also easy to understand: 🔹 No change + weakening hike expectations: tech stocks, BTC, and altcoins might breathe a sigh of relief first 🔹 No change + clear hint of future hikes: no immediate move, but risk assets could still fall 🔹 Unexpected hike: high-valuation tech stocks, Meme, and highly leveraged positions face the most pressure So instead of staying up late waiting for the result, it’s better to wait until the press conference ends and then see if the dollar, U.S. Treasury yields, and BTC move in the same direction