Hong Hao: On chain stocks help improve the efficiency of global asset price discovery and reduce market vulnerability
--
Economist Hong Hao stated at a Binance private meeting that financial innovations such as on chain stocks can help improve the efficiency of global asset price discovery and reduce market fragility.
According to Onchain Lens monitoring, a Hyperliquid trader who was liquidated for $2.05 million on SKHX multiple orders has reopened a $4.95 million HYPE multiple order, currently holding $10.04 million ETH multiple orders, $4.95 million HYPE multiple orders, META and other asset multiple orders, with a historical cumulative loss of $504800.
The largest exchange in Japan has confirmed that it will launch Bitcoin and cryptocurrency ETFs this year, and relevant legal amendments are currently under review in parliament. （The Bitcoin Historian）
According to official announcements, the South Korean cryptocurrency exchange Upbit will launch CFX tokens on the Korean won, BTC, and USDT markets, with trading starting at 3:00 pm (UTC+8) on July 31st.
