The Nikkei 225 index rose above 70000 points, marking the first time since July 6th

OKX has submitted an application to the US SEC to launch a tokenized US stock trading service. （Watcher.Guru）

OKX has submitted an application to the US Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform. OKX ICE LLC, a joint venture between OKX and Intercontinental Exchange (ICE), plans to provide tokenized stock trading services for 63 New York Stock Exchange listed companies. According to the new framework of the US Securities and Exchange Commission (SEC), issuers have 30 days to choose to exit, after which tokenized stock trading can begin. (Source: Bloomberg)

Yi Lihua, founder of Liquid Capital, said that the reasons for the decline of the primary encryption market include narrative collapse, supply imbalance, the one plus three unlocking mechanism and high cost of adding currency, among which the average cost of CEX, the leading project online, is $10 million. Yi Lihua calls on Binance to improve its coin selection method, abolish the 1+3 unlocking mechanism, and suggests that cryptocurrency projects return to revenue and buybacks to reward investors with performance growth.

Hyperliquid destroyed 112580 HYPEs worth $10.15 million in the past 24 hours. The estimated 24-hour cost for Hyperliquid is $989000, with a revenue of $9.85 million on the 7th and $52.06 million on the 30th. At present, a total of 49.25 million HYPE have been permanently removed from supply, with a value of approximately 4.45 billion US dollars.

The price of Binance BNB/USDT has reached a nearly six-month high, currently at $808.05, up 2.85% in 24 hours, with a transaction volume of $71.85 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)