mms

Galaxy Research Director Alex Thorn posted that the U.S. Securities and Exchange Commission (SEC) plans to abolish Rule 611 "Order Protection Rule" and Rule 610(e) in the National Market System Regulation (Reg NMS), which could become an important turning point for the development of tokenized stocks.Thorn pointed out that Rule 611 requires trades to adhere to the best quotes across the entire market (NBBO), while AMMs cannot route orders in real-time, access low-latency market data, or pause trading due to better quotes existing on other exchanges. Therefore, it has long been difficult to meet regulatory requirements, becoming one of the main structural obstacles for tokenized U.S. stocks to land in the DeFi scenario. He stated that if the future replaces the regulatory requirements for trade-by-trade supervision with brokers' "best execution obligations," on-chain liquidity pools and AMM mechanisms will be more easily incorporated into the compliance framework.Although tokenized securities still face issues such as trading venue registration and clearing and settlement, the SEC's subsequent plan to introduce an "innovation exemption" mechanism is expected to further promote related developments. Thorn believes this is an important step for the SEC to implement the "Project Crypto" roadmap, paving the way for innovations in tokenized stocks, AMMs, and on-chain securities trading by removing key market structure barriers.

ChainCatcher news, Alliance DAO founding partner Imran Khan posted on the X platform, stating that an important yet widely overlooked competition is unfolding among AMMs, aiming to become the default infrastructure for token launch platforms. This competition involves differentiated bonding curves, anti-front-running mechanisms, and refined fee generation frameworks.Imran Khan pointed out that AMMs successfully capturing this market could establish a moat and generate substantial revenue, but whether they can form a long-term advantage remains to be seen. It is expected that AMMs will design mechanisms to lock in the launch platform for as long as possible.

ChainCatcher message, on December 20, Bitget will launch MMSS in the innovation zone and inscription zone. The deposit channel is now open, and the trading channel will open today at 19:00.

ChainCatcher news, according to official news, T-Mobile's parent company, the German business giant Deutsche Telekom, announced its entry into the Polygon network, with its subsidiary MMS becoming a validator node on the Polygon network, focusing on securing the Polygon sidechains and Supernets application chains. In addition, MMS will also provide staking services for the Polygon network. (source link)

ChainCatcher news, according to official news from Apecoin, the ApeCoin DAO has initiated a new proposal AIP-142, aimed at creating an Ape communication team "ApeComms." The main responsibilities include building and maintaining the official Discord, coordinating the ApeCoin Twitter account, developing educational content for the community and supporting members, managing communication channels between the Ape Foundation entity and the ApeCoin DAO community, and enhancing ecosystem and media collaborations. (source link)