reality

In response to the pain points of trading US stock tokens on crypto platforms, Xie Jiayin recently expressed his views, stating that after Bitget entered UEX in the third quarter of last year, its market share of US stock tokens once reached 90%. However, the early products had shortcomings in liquidity, dividend distribution, and stock split experience.To address this, Bitget is about to launch its self-developed product Reality, aimed at solving the above issues. According to the introduction, this product has the following three major features:Direct connection to broker liquidity: Provides a trading experience with no price difference and high liquidity;Supports dividend distribution: Dividends can be directly distributed to user accounts;Enhances capital utilization: US stock tokens can be used as margin and support participation in strategy trading and lending wealth management, etc.In addition, Xie Jiayin revealed that rToken will officially launch on Bitget in early June.

Bitget announced the launch of a licensed financial protocol called Reality, focused on the tokenization of real-world assets (RWA). The issued tokenized stocks (rTokens) are strictly pegged 1:1 to the underlying U.S. stocks, with assets held by a FINRA-registered, SIPC-protected U.S. brokerage, and real-time reserve proof provided through third-party independent audits. By directly accessing liquidity pools of U.S. stocks such as Nasdaq and NYSE, Reality's stock tokens can achieve liquidity on par with traditional brokers; at the same time, stock dividends will be distributed to user accounts in token form 1:1, while cash dividends will be automatically converted and issued as USDT. Stock splits and mergers will also be reflected in real-time on-chain tokens, closely aligning with the experience of holding U.S. stocks.In addition, the U.S. stock tokens launched by Reality are deeply integrated into the Bitget ecosystem, serving as margin for unified accounts and compatible with core product lines such as grid trading, signal following systems, and staking and lending.Bitget CEO Gracy Chen previously proposed the "10% vision": currently, tokenized stocks account for only 0.1% of the $125 trillion global stock market, and she predicts that this proportion will rise to nearly 10% by 2030. Reality is built on this trend, initially focusing on U.S. stocks, with plans to expand asset classes in the future, promoting Bitget's UEX strategy to extend to a broader global financial asset access layer.

ChainCatcher news, according to Jinshi reports, International Monetary Fund (IMF) President Georgieva stated that countries need to face the reality of the rapid development of cryptocurrencies.

ChainCatcher News, SEC Commissioner Caroline Crenshaw stated that the new liquid staking statement fails to clarify the applicability of federal securities laws to crypto assets, instead exacerbating confusion. The statement is based on a series of assumptions that have not been validated by industry realities, and the legal conclusions only apply if these assumptions hold true.Previously, the SEC released a statement regarding liquid staking activities, clarifying that liquid staking activities are not considered securities. The SEC stated that participants in liquid staking activities do not need to register their transactions with the SEC under the Securities Act, nor do they need to comply with the registration exemption provisions of the Securities Act regarding these liquid staking activities.

ChainCatcher news, according to Jinshi reports, "the Fed's mouthpiece" Nick Timiraos stated that Trump said if the Fed lowers short-term interest rates, the U.S. interest expenditure will decrease by $1 trillion annually.The U.S. spent $1.1 trillion on interest expenditure in 2024, so this statement is almost certainly not true.

ChainCatcher news, according to a post by Vitalik, "An interview with Tornado Cash co-founder Roman Storm (which heavily relies on the 2019 FinCEN (Financial Crimes Enforcement Network) guidance that clearly states that providers of anonymizing software are not subject to money transmission licensing regulations. This makes us believe that what we are developing should not put us in a high-risk position) is quite good. His trial will start in 10 days.Today, backdoor-free message privacy has been widely accepted, and many business and government officials are frequently using tools like Signal. Considering the frequent breaches of centralized databases we see today, enhancing privacy protection in payments, identity, artificial intelligence, and other areas should not be viewed as a relationship that needs to be "balanced" with security—it's an important component of security itself.I hope the United States can take the lead in making a safer, freer, and less data-leaky world a reality. The first step is to send a clear signal to developers: this important work is welcome."

ChainCatcher news, according to CoinTelegraph, the Netflix reality show "The House of Streams" will invite Twitch streamers to compete for a prize of 1 BTC (currently worth over $104,000). The show's website issued a statement in May warning that someone was using the show's brand for fraudulent cryptocurrency schemes and clearly stated support for Bitcoin, while not supporting any other meme coins.

ChainCatcher news, according to BitcoinNews, Meta has conducted large-scale layoffs in its metaverse division Reality Labs, affecting more than 100 people. The layoffs mainly impact the teams responsible for developing VR headset experiences and metaverse hardware research. Meta spokesperson Tracy Clayton confirmed the layoffs, stating that some teams are undergoing "structural adjustments" aimed at "improving the company's efficiency in developing mixed reality experiences in the future."