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With the information flow moving too fast, in-depth analytical articles are easily drowned out by hot topics. The "Weekly Editor's Pick" column selects valuable content from the vast sea of information, helping you filter out the noise to retain insights and spark inspiration.
Investment & Entrepreneurship
The End of the "Gray Account Era" for Hong Kong and US Stocks: Where Can Your Money Go Next?
On May 22, coordinated regulatory measures from both Mainland China and Hong Kong took effect simultaneously, directly ending the "gray channel" for investing in Hong Kong and US stocks. This affected millions of mainland Chinese investors who used Hong Kong brokerages to invest in overseas markets.
Most brokerages have swiftly implemented the new regulations, tightening their account opening processes. Brokers that have completely stopped accepting new mainland clients include: Futu Securities, Tiger Brokers, Longbridge Securities, and华盛证券. These four have closed their new account channels. Some existing accounts can still trade normally for now, but according to regulations, they can only sell, awaiting full closure after a 2-year transition period.
Currently, the Hong Kong-licensed brokers that still retain limited channels for mainland residents are: Yueling Securities, Fosun Wealth, and Zheshang Securities.
Overall, after May 2026, the compliant pathways for ordinary mainland investors to trade Hong Kong and US stocks will significantly narrow, but not be completely closed. Based on the current situation, a few routes remain viable.
- Safest Route: Compliant identity, compliant funding channels, and a Hong Kong bank account.
- Policy-Compliant Channels: Stock Connect (Hutchison), QDII, Cross-boundary Wealth Management Connect.
- On-Chain Route: Platforms like Hyperliquid and xStocks offer technical alternatives.
On June 12, SpaceX will ring the bell on Nasdaq under the ticker symbol SPCX. SpaceX is expected to raise between $75 billion and $80 billion, with a target valuation of approximately $1.75 trillion to $2 trillion, making it the largest IPO in human history.
Thanks to the rise of the Pre-IPO market, ordinary people now have the opportunity to get in on SPCX early. Odaily's article reviews and compares 7 Pre-IPO platforms currently offering pre-market SPCX trading.
After Dell's Surge, Whose Turn Is It in the AI Infrastructure Rally?
The AI boom is extending beyond models and chips to servers, memory, storage, and data center equipment. As tech giants like Alphabet and Amazon continue to increase AI infrastructure spending, hardware manufacturers like Dell, which possess supply chains, customer relationships, and delivery capabilities, are becoming direct beneficiaries of this new cycle of AI capital expenditure.
For investors, Dell's rise signifies that AI trading is moving to a more downstream, tangible phase: those who can turn chips into deliverable data center infrastructure may be next in line for a valuation re-rating.
Anthropic's Journey to $1 Trillion: Beyond Pre-IPO, What Hidden 'Claude Concept Stocks' Exist?
Also recommended: "US Stock 'Caller' Serenity: Building Positions Low Before Institutions, Annual Return of 3840%" and "Trump, the 'Big Operator' of US Stocks, Lifts the Entire Quantum Computing Sector".
Prediction Markets
Netting $2.4 Million: These 9 Insider Addresses Knew Best About the US-Iran War
Policy and Stablecoins
SEC Delays "Tokenized Stock" Innovation Exemption: Who Is Fighting Fiercely Against It?
The innovation exemption was stalled just before the finish line. The main opposition comes from Wall Street, with traditional forces like Citadel Securities, the Securities Industry and Financial Markets Association (SIFMA) leading the charge.
Wall Street's core arguments revolve around: concerns about potential market liquidity fragmentation; worries that tokenized US stocks could threaten traditional compliance defenses; and remaining gaps in technology and law. The SEC itself also holds cautious reservations.
At its core, this exemption delay is a fierce clash between the innovative attempts of a new force and the defense mechanism of established powers.
The dream of fully open "tokenized stock" trading may still have a long way to go amidst regulatory tug-of-war, but the door to asset tokenization has been pried open and cannot be closed again.
Tiger Research: Deep Dive into Circle's Earnings Report, Where Is the Next Phase of Crypto Heading?
With Q1 2026 results as an inflection point, Circle is accelerating a paradigm shift – transforming from a pure stablecoin issuer into a comprehensive infrastructure operator for the digital asset industry.
Its forward-looking business strategy revolves around three core pillars: maximizing USDC profit margins and circulation; launching its own L1 network "Arc" to diversify revenue through Gas and fees; and capturing the AI payment gateway via Agent Stack.
Airdrop Opportunities and Interaction Guides
Meme
The 42.space Behind Binance's "Event Rush" is Turning News, Sports, and Coin Prices into Meme Tokens
Binance Wallet officially launched a new feature called Event Rush. Users can trade outcome tokens for real-world events like sports matches, cryptocurrency price targets, or news. The feature is powered by the 42.space protocol on BNB Chain. Users can buy event tokens with USDT on BSC and sell them anytime before the event ends or hold them until settlement.
42.space and predict.fun are not competitors but represent two distinct paths for Binance's bet on prediction markets.
Ethereum and Scaling
Native Privacy: A Lifeline for Ethereum?
While ETH's price performance is sluggish, privacy coins are strengthening against the trend, prompting Ethereum developers to expedite the implementation of native privacy features.
The complete transparency of asset balances and transaction records on the Ethereum blockchain not only deters institutional investors but also weakens its core competitiveness as the default settlement layer for the industry.
Industry insiders suggest Ethereum's privacy features must be implemented within 12 months, or it risks remaining stuck at the research level while competitors continuously capture its traffic and attention.
Security
45% Flash Crash in 30 Minutes: SpaceX Retail Investors Get Hit Before the IPO
On the evening of May 28, the SPACEX-USDH perpetual contract on Hyperliquid experienced a severe flash crash. The price plummeted from $2,277 to a low of $1,254 in 30 minutes – a drop of nearly 45% – before rebounding to around $2,169.
The incident was triggered by erroneous data returned from an off-chain data provider, one of the oracle price components, which caused severe volatility in the oracle price and mark price for the market, leading to the liquidation of some user positions.
The team has now taken measures to prevent similar occurrences. Additionally, they are assessing the impact on affected users to formulate an appropriate compensation plan. Affected users will receive compensation within the next 48 hours.
Quick Catch-Up on Weekly Hot Topics
Policy & Macro Markets
SEC delays the opening of tokenized stock trading;
Hong Kong Monetary Authority requires banks to complete a review of accounts opened with fake documents dating back to January 2023 within 3 months;
US and Iran have reached an agreement on the full reopening of the Strait of Hormuz;
OpenAI, SpaceX queue up for IPO: Wall Street starts freeing up 'shelf space' early;
Views & Voices
Trump: I saved the US crypto industry and will build a 'future-proof' crypto market structure framework;
US CLARITY Act could create a new 'Yield-as-a-Service' track, driving the development of AI-powered compliant yield infrastructure;
Grayscale VP: The so-called '10 o'clock sell-off' is not a conspiracy, but the new normal for ETFs;
VanEck CEO: Memory chip stocks are a supply-demand mismatch bubble; most crypto projects will die out in five years;
CryptoQuant Analyst: Bitcoin has entered a risk-off phase, ETF demand momentum is far lower than last year's peak;
Bloomberg Analyst: Bitcoin's volatility structure is gradually converging with gold; its asset nature may change;
Researcher supports Ethereum Foundation: Its duty is not to pump ETH, but to make itself increasingly irrelevant;
Vitalik publishes his expectations for Ethereum's future, revealing nearly 90% of his personal net worth is in ETH;
Bankless Co-founder confesses to liquidating ETH: Ethereum did the right things, but 'ETH is Money' has no future;
Standard Chartered maintains long-term bullish view on ETH: predicts $4,000 by end of 2026, rising to $40,000 by 2030;
Polymarket Team lashes out at Kalshi executive, calling them an 'idiot' for criticizing Polymarket's lack of KYC and calling for its shutdown;
Polymarket clarifies that it will not add mandatory KYC to its existing platform;
Institutions, Big Companies & Major Projects
OKX launches Exchange OS (Analysis);
Polymarket launches Perpetual Contracts Beta version;
Data
Ethereum L1 transaction volume hits an all-time high; Gas fees remain low;
Micron Technology total market cap surpasses $1 trillion;
Mining coin Pearl heats up;
VVV surges;
Security
Top-tier Audit Expert warns: All DeFi is unsafe;
CertiK launches Skill Scanner, establishing a standardized security review layer for AI Agent applications;
Google Engineer caught in Polymarket insider trading case...
Attached is the portal for the Weekly Editor's Pick series. See you next time~
