As turbulence ensues, the global asset landscape undergoes a dramatic adjustment within 24 hours.

The macro shockwave has arrived—an escalation in trade policies has triggered a risk-off wave. To compete for geopolitical advantage, the U.S. has launched a new round of tariffs against multiple European countries, which will rise to 25% in June. European stock markets responded with declines, with the pan-European index dropping over 1%, and the luxury goods sector plunging by 4%. The panic in traditional markets has driven up demand for precious metals, with gold breaking through $4,690 and silver soaring to $94, both hitting new highs.

This risk-averse sentiment has also spread to the crypto markets, but with divergent performances. Bitcoin ETF saw a net outflow of 1,106 coins yesterday, causing its price to fall below 92,000. Behind this seemingly pessimistic signal, however, lies a market reallocation—#数字资产市场动态 and $AXS performed very differently. Ethereum ETF experienced nearly 10,000 coins in net inflow in a single day, and Solana accumulated 350,000 coins over 7 days. Institutional funds are making selective allocations, indicating a fundamental shift in the internal logic of the crypto market.

Even more significant changes are happening at the financial infrastructure level. The NYSE officially announced the launch of a blockchain-based stock trading platform, breaking traditional limits of U.S. stock trading—operating 24/7, T+0 real-time settlement, and trading on weekends. Star stocks like Apple and Tesla are expected to achieve truly round-the-clock liquidity. This means the boundaries between traditional finance and distributed technologies are dissolving.

From escalating trade conflicts and the strengthening of risk assets, to the divergence in crypto markets during the ETF era, and technological innovations in New York’s financial hub—the entire asset world is being reshaped. The old cycle of four years is outdated; the era of institutional investors voting with real money has begun. Are your asset allocation strategies keeping up with this wave of transformation?