The argument around $BNB today isn’t about this spot-market red candle—it’s about the tokenized stocks trading alongside it.
Nov 9, 14:25 (Beijing time): CZ said tokenized stocks trade 24/7, so weekend news can be priced in ahead of time. Binance Research’s numbers check out: during the two days when U.S. stock markets were closed, Binance’s NVDAUSDT perpetual contract briefly traded 4.2% below Friday’s close. It saw about $360 million in trading volume over the past 24 hours, ranking first among the top eight exchanges. We’ll see how that 4.2% compares when U.S. markets open tonight. If it doesn’t hold up, I’ll take back the words “priced in ahead of time.”
The tokenized market did move ahead on NVDA. That part is true. But BNB is currently around 683, down about 2% over 24 hours, and even touched 673 during the day; tokenized NVDA (NVDAB) is currently around 175, down about 6.6% over 24 hours. Pricing news in ahead of time and whether BNB deserves a premium are two different calculations.
#BNB #TokenizedStocks
Nov 9, 14:25 (Beijing time): CZ said tokenized stocks trade 24/7, so weekend news can be priced in ahead of time. Binance Research’s numbers check out: during the two days when U.S. stock markets were closed, Binance’s NVDAUSDT perpetual contract briefly traded 4.2% below Friday’s close. It saw about $360 million in trading volume over the past 24 hours, ranking first among the top eight exchanges. We’ll see how that 4.2% compares when U.S. markets open tonight. If it doesn’t hold up, I’ll take back the words “priced in ahead of time.”
The tokenized market did move ahead on NVDA. That part is true. But BNB is currently around 683, down about 2% over 24 hours, and even touched 673 during the day; tokenized NVDA (NVDAB) is currently around 175, down about 6.6% over 24 hours. Pricing news in ahead of time and whether BNB deserves a premium are two different calculations.
#BNB #TokenizedStocks
