1. Nasdaq's Interpretation of Tokenized Equity Trading: Note: On September 8, 2025, Nasdaq announced that it had submitted a document to the U.S. SEC to facilitate the trading of tokenized securities on the Nasdaq stock market. At the same time, Chuck Mack, Nasdaq's Senior Vice President of North American Markets, joined Nasdaq Newsroom to discuss and interpret this new proposal. Let's take a look at Nasdaq's thinking. 2.10 Questions and Answers: Understanding Nasdaq's Proposed Stock Tokenization On September 8, 2025, Nasdaq announced that it had submitted a document to the U.S. SEC to facilitate trading of tokenized securities on the Nasdaq stock market. This marks the first time a national exchange has taken the initiative in tokenizing U.S. stocks. Below are 10 questions to understand Nasdaq's latest proposal for stock tokenization. Click to read

3. Report on the Current Status of Pokémon Card Tokenization

This article positions the enduring Pokémon Trading Card Game (TCG) as a unique durable collectible IP, which is pouring into the crypto-chain field in the form of a "RWA × Gacha" (Note: Gacha, card drawing, comes from the Japanese term gachapon) platform, realizing a real economy that combines mobile terminal scale demand with crypto-native distribution. 4. Perpetual Contract Liquidation Algorithm: The Driving Force of the Copycat Bull Market—A Game of the Pigs Paying the Wool The 2025 crypto bull market may have arrived, but the way it roars will be very different from previous ones. If you're still closely monitoring spot trading volume to gauge market enthusiasm, you're likely only seeing the tip of the iceberg. The true protagonist of this bull market is perpetual swaps—a massive, highly leveraged PVP arena driven by intense competition between long and short positions. Liquidity, narratives, and wealth effects here are defining the entire market in unprecedented ways. Click to read. 5. Time Bomb: Analyzing the US Economic Bubble in 2025. For over a decade, the US stock market has been unstoppable, delivering astonishing returns with near-uninterrupted momentum. Since August 2010, the S&P 500 has soared 487%, transforming ordinary investors into staggering fortunes. The only significant pullback occurred in 2022, when the market fell 25% in response to aggressive Federal Reserve rate hikes and 10% inflation, but this proved to be a brief blip. By 2024, the market had returned to its all-time high, having easily shrugged off a global pandemic, runaway inflation, and the fastest rate hike cycle in history. However, beneath this glamorous facade, a storm was brewing. Experts were sounding the alarm, pointing to macroeconomic fundamentals and hidden, forward-looking indicators that suggested the US economy was on the brink of a bubble—and a recession that could trigger a burst was imminent. Click to read