格隆汇9月16日｜纳斯达克首席执行官弗里德曼主张为上市公司提供季度报告或半年报告的选择，这家 交易所运营商正加强对改革的支持，以减轻上市公司的报告负担。在此之前，美国总统特朗普周一再次 呼吁停止发布公司季度报告，如果获得批准，此举将标志着美国企业的重大转变。弗里德曼说："谢谢 你，特朗普总统让我们看清了上市公司领导人面临的一个关键挑战：短视主义，而季度报告加剧了这种 挑战。"弗里德曼表示，将上市公司的摩擦、负担和成本降至最低，可能进一步为美国资本市场注入活 力，并刺激经济增长。纳斯达克此前也曾公开提出简化报告要求的理由，建议让公司可以选择每半年而 不是每季度报告一次。 ...

`` (Reuters) -Nasdaq CEO Adena Friedman on Monday advocated to provide public companies the option to report either quarterly or semi-annually, as the exchange operator reinforces its support for reforms to reduce reporting burden on publicly listed companies. `` `` The comments come after U.S. President Donald Trump on Monday renewed calls for ending quarterly reports for companies, a move that would mark a major shift for corporate America if approved. `` ```` Trump's idea, which revisits a similar call h ...

Disciplinary Actions by Companies - Multiple employers across the U.S. have taken disciplinary actions, including terminations, against employees who made inappropriate comments regarding the assassination of Charlie Kirk [1][4][5] - Nasdaq terminated an employee for social media posts that violated its zero-tolerance policy on violence [4] - The Broad Institute fired an employee for posting a "deeply offensive" comment about Kirk's killing [5] - Perkins Coie dismissed a lawyer for criticizing Kirk on social media, stating the comments did not reflect the firm's views [6][7] - Office Depot fired an employee after a viral video showed staff refusing to print posters for a vigil for Kirk [8][9] - The Joe Burrow Foundation terminated an advisory board member for making inappropriate remarks following Kirk's assassination [10] - MSNBC political analyst Matthew Dowd was fired after making comments about the divisive nature of Kirk's rhetoric [12] - The Carolina Panthers fired a communications department employee for social media posts questioning public mourning for Kirk [13][14] - The West Ada School District dismissed a cheerleading coach for allegedly celebrating Kirk's death in a video [16]

Group 1 - Nasdaq's proposal to the SEC marks a significant shift from the "electronic bookkeeping era" to the "on-chain settlement era" in global capital markets [3] - The proposal aims to allow stocks and ETFs to trade in both traditional digital and tokenized forms, potentially rewriting the rules of global capital flow and efficiency [3][4] - The core objectives of the proposal include enhancing efficiency with T+0 real-time settlement, expanding trading hours to 24/7, and lowering barriers for small investors through tokenization [4] Group 2 - The technical design of the proposal focuses on compatibility with traditional systems while embedding blockchain technology, ensuring that tokenized securities share the same rights as traditional securities [5] - The regulatory framework does not break existing rules but integrates blockchain tools within the traditional system, maintaining compliance with AML and KYC processes [5] Group 3 - Institutional investors have shown positive feedback towards the proposal, with major firms like Goldman Sachs and Morgan Stanley initiating tokenized securities trading simulations [6] - A survey indicated that 62% of U.S. retail investors are willing to try tokenized stock trading, attracted by real-time settlement and 24/7 trading capabilities [6] Group 4 - The SEC's historical approval logic has shifted from risk-averse prohibition to compliance-guided openness, as evidenced by the approval of Bitcoin ETFs after a lengthy denial period [9][10] - The SEC's 2025 policy shift under new leadership has created a favorable regulatory environment for Nasdaq's proposal, emphasizing support for tokenization as a natural evolution of financial innovation [11][12] Group 5 - The approval timeline for Nasdaq's proposal is projected to conclude by mid-2026, with a high probability of approval exceeding 80% based on current policy support and market demand [15][8] - The anticipated impact on global capital markets includes a significant increase in trading volume and liquidity, with estimates suggesting a potential daily trading volume exceeding $3 billion upon launch [16][17] Group 6 - The tokenization of securities is expected to reinforce the dominance of the U.S. dollar in global capital flows, with the use of dollar-pegged stablecoins facilitating cross-border transactions [19] - Global exchanges are likely to engage in a digitalization race, with Nasdaq's initiative prompting other markets, such as Hong Kong and the EU, to accelerate their own tokenization efforts [20] Group 7 - Emerging markets may face increased capital outflow pressures as tokenization lowers barriers for investors seeking to access U.S. markets, potentially exacerbating regulatory challenges [22] - Developed countries will experience competitive pressures in their capital markets, necessitating rapid advancements in their own tokenization processes to retain investor interest [23] Group 8 - The impact on China's capital markets includes potential capital outflow risks and intensified competition for technology company listings, as U.S. tokenization may attract Chinese firms seeking better financing opportunities [24][25] - Hong Kong's capital markets may face challenges in maintaining their status as an international financial hub, with the risk of capital diversion to tokenized U.S. securities [28][29]

Group 1 - The article highlights a historic breakthrough for tokenized securities in the U.S. capital markets, marked by a fundamental shift in regulatory stance, significant actions from leading institutions, and the proactive attempts of the first publicly listed company [1][2] - SEC Chairman Paul S. Atkins announced a departure from a strict enforcement approach to a supportive stance for digital asset innovation, stating that "most crypto tokens are not securities" and promising clear guidance for on-chain financing [1][2][4] - Nasdaq's CEO Adena Friedman committed to integrating tokenization technology into the core stock market, moving beyond off-exchange trading, and announced a transition to a "24×5" trading model with the ultimate goal of 7-day continuous trading [1][5][6] Group 2 - BlackRock is exploring the conversion of ETFs into blockchain tokens, with its $2 billion tokenized money market fund BUIDL demonstrating market demand, indicating a potential transformation in one of Wall Street's key investment products [1][6] - The tokenization of ETFs is expected to bring three core changes: extended trading hours, easier access for global investors, and new collateral uses within the crypto network [6][7] - Galaxy Digital became the first publicly listed company to actively tokenize SEC-registered stock on the blockchain, allowing shareholders to tokenize their Class A common stock on the Solana network [1][8] Group 3 - Analysts believe these developments signify a critical turning point in the migration of Wall Street infrastructure to blockchain, with advantages such as 24-hour trading and instant settlement moving from concept to reality [1][10] - Goldman Sachs trader Mark Wilson emphasized the significant potential impact of Galaxy Digital's stock tokenization on capital market structure, noting the increasing clarity of blockchain's role in empowering capital markets [1][9][10] - The SEC's new "crypto project" aims to provide certainty regarding the securities status of crypto assets, ensure entrepreneurs can raise funds on-chain without legal concerns, and allow for innovation in trading platforms under a unified regulatory framework [4][5]

Group 1 - The National Natural Science Foundation of China announced a project on global stablecoin risk governance and cross-border regulatory collaboration, aiming to contribute to global digital financial governance with a theoretical framework and policy options [1] - The Guangzhou Intermediate People's Court ruled a virtual currency mining machine sales contract worth 1.024 million yuan invalid, citing that mining activities disrupt financial order and violate public morals [2] - The U.S. August unadjusted core CPI year-on-year rate was reported at 3.1%, with expectations and previous values also at 3.1%, indicating inflation pressures that may not prevent the Federal Reserve from lowering interest rates [3][4] Group 2 - The U.S. Congress introduced a bill requiring the Treasury to assess the feasibility of establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, with a report due within 90 days of enactment [5] - The SEC Chairman stated that most tokens do not qualify as securities, aiming to eliminate legal uncertainties surrounding on-chain financing [6] - Nasdaq submitted a proposal to the SEC to allow trading of tokenized securities on its main market, potentially enabling the first token-settled securities trading by Q3 2026 [7] Group 3 - Ant Digital Technologies is connecting approximately $8.4 billion worth of energy infrastructure to its blockchain platform, tracking data from around 15 million renewable energy devices [7] - BlackRock is exploring the tokenization of ETFs and aims to push traditional assets onto blockchain platforms, having already launched a $2 billion tokenized money market fund [8] - Coinbase's research head indicated that the Digital Asset Treasury has entered a competitive phase, with significant holdings of Bitcoin and Ethereum [9] Group 4 - The amount of ETH queued to exit the Ethereum PoS network reached a new high of 2,646,928 ETH, valued at approximately $11.6 billion, with a waiting time of about 45 days [9] - Several financing events were reported, including Inversion's $26.5 million seed round and Forward Industries' $1.65 billion funding for its SOL treasury strategy [9]

Core Insights - Nasdaq Inc. shares are currently trading at $94.49, reflecting a 1.45% decrease in the current session, a 0.77% decrease over the past month, but a significant 28.17% increase over the past year [1] P/E Ratio Analysis - The P/E ratio is a critical metric for long-term investors, comparing the current share price to the company's earnings per share (EPS), and is used to assess performance against historical data and industry benchmarks [5] - Nasdaq's P/E ratio is lower than the aggregate P/E of 136.48 for the Capital Markets industry, suggesting that the stock may be undervalued despite potential concerns about performance relative to peers [6] - A low P/E ratio can indicate undervaluation but may also reflect weak growth prospects or financial instability, highlighting the need for a comprehensive analysis of various financial metrics and qualitative factors [9]

Company Information - Trading for Ostin Technology Group Co., Ltd. was halted on September 12, 2025, at 12:24:23 Eastern Time due to a request for additional information from Nasdaq [1] - The last sale price of Ostin Technology Group's ordinary shares was $1.695 [1] - Trading will remain halted until the company fully satisfies Nasdaq's request for additional information [1]

Exchange operator Nasdaq fired an employee over a social-media post that appeared to celebrate the fatal shooting of conservative activist Charlie Kirk https://t.co/7qoqwcp9Ed ...

Nasdaq, Inc. (NDAQ), valued at a market cap of $54.3 billion, is a leading global financial technology firm headquartered in New York. Best known for operating the Nasdaq Stock Market, it also delivers a broad range of services, including trading, clearing, marketplace technology, regulatory oversight, securities listing, market data, and solutions for both public and private companies. Companies worth $10 billion or more are typically classified as “large-cap stocks,” and Nasdaq fits the label perfectly, ...