#美联储降息 Nasdaq is making frequent moves, just on Monday submitting an application to the U.S. Securities and Exchange Commission — this time it's serious, aiming to extend trading hours for stocks and ETFs from 16 hours per week directly to 23 hours, essentially operating around the clock.

Currently, Nasdaq's trading is divided into three sessions: pre-market from 4:00 AM to 9:30 AM, regular trading from 9:30 AM to 4:00 PM, and after-hours from 4:00 PM to 8:00 PM. After the reform, it will be divided into two sessions — daytime trading from 4:00 AM to 8:00 PM (intertwining the original three periods), and nighttime trading from 9:00 PM to 4:00 AM the next day. An hour is reserved for maintenance and clearing in between. The opening bell remains at 9:30 AM, and the closing bell stays at 4:00 PM, preserving these ceremonial moments.

Interestingly, the rhythm of the trading week is also changing: trading starts at 9:00 PM on Sunday and closes at 8:00 PM on Friday. Calculated, it indeed follows a "23/5" pattern — five trading days, each with 23 hours.

What does this behind-the-scenes change reflect? The operational logic of the U.S. stock market is increasingly resembling that of cryptocurrencies like $BTC, $ETH, and $SOL. Traditional stock markets were originally limited by geography and regulation, requiring a steady, scheduled approach. Now, trading hours are expanding infinitely, getting closer to the "never sleep" mode of crypto markets. $BTC and the crypto market operate 24/7 year-round, and now the U.S. stock market also wants to play this way. The only difference is an hour for maintenance.