We have previously explored a possibility, BTC may become a high-frequency arbitrage financial tool on Wall Street, which can bring huge profits as long as there is a wide range of fluctuations. This possibility is likely to be reflected in the latest financial product launched by CME on June 30th, which is also the beginning of a new era of RWA, 24-hour trading+legislation of US dollar stablecoins, creating a new gaming market. CME's Spot Quoted Futures, which will be launched on June 30, 2025, is an innovative futures product that will cover two major cryptocurrencies in the early stages of the contract: BTC and ETH, as well as the four major US stock indices: the S&P 500, Nasdaq 100, Russell 2000, and Dow Jones Industrial Average. Core features: one ️⃣ Trade at spot prices. SQF allows investors to trade futures at spot market prices, where the trading price directly reflects the current spot price. two ️⃣ Daily financing adjustment mechanism. Introduce a "financing adjustment" similar to perpetual contracts for futures contracts to hedge the cost of funds. This adjustment is released once a day and is the same for all traders during the day. This will be a revolution compared to the current traditional exchange rate of once every 8 hours. three ️⃣ Designed for retail investors, the contract amount is unlimited. The contract design is compact (such as S&P500 at $1 per point), making it more suitable for retail investors and quantitative programs to finely control their positions. four ️⃣ The maximum holding period is 5 years. Eliminating the frequent monthly and quarterly delivery issues of traditional futures is beneficial for developing long-term strategies. ⏰ Trading hours: Almost 24/7 trading, Sunday to Friday, from 5:00 PM to 4:00 PM US China Time (CT) the next day (with 1 hour of maintenance in between). Delivery method, for example: Assuming an investor buys 1 BTC SQF contract at a spot price of 79000 on the afternoon of April 8th at 18:00. The financing adjustment for the day was -20.00. If the investor sells the contract at a spot price of 80000 at 23:00 in the evening and the financing adjustment is still -20, then: • Closing price after liquidation: 80000+(-20)=79980 Profit: 79980-79000=980 points. Due to a contract multiplier of $1 per point, the profit is $980 Some of my thoughts: This mode is terrifying because, just like playing a large US stock game, all the data and programs are pre-set, AI can automatically match the current game scene and environment to control market fluctuations and guide the game token economy model. When the game currency inflates, it can be driven by several events, such as Trump's tariffs, to dispel bubbles; The game currency is deflationary, here are a few good news to stimulate a wave. Due to the lack of monthly and quarterly delivery, and the fact that pricing power no longer requires physical delivery of spot goods, but directly comes from order flow, matching algorithms, and market making liquidity, in other words, algorithms will control the financial market in the future. This is simply a tailor-made Wall Street harvester. 🎯 Specially designed for high-frequency quantization: There is no cost of changing months; • Low slip point; The high-frequency arbitrage space is huge; • Transparent and automated matching mechanism; Can arbitrage across multiple asset markets (multi market spreads). 🎯 Prices are not determined by people: prices are determined by order books and matching algorithms, and "fundamental news" becomes the triggering factor of the trading system, rather than the pricing basis. The path through which fundamentals affect prices is through "inducing changes in order flow," which is essentially understood and reflected by algorithmic traders, rather than being judged collectively by market investors. 🎯 Individual investors become flocks of sheep: Retail investors usually make decisions based on news, graphics, and public opinion, and these variables themselves are identified and reversed by high-frequency trading systems in advance. Retail investors do not have the speed and resources to respond at the T+0 level. The high-frequency system directly models the behavior patterns of individual investors and uses them as reverse signals. The market is no longer a competition between smart and dumb people, but a zero sum game between systems and non systems. 🎯 If Spot Quoted Futures becomes the mainstream trading model, and non US dollar markets (such as Hong Kong and European stocks) do not have similar structures or liquidity, they will become arbitrage targets; Difficult to attract deep quantitative trading; The ultimate liquidity and valuation rights gradually shift towards the US dollar market. Although CME's latest financial innovation Spot Quantum Futures has not yet been approved, once it is approved and put into the market, it will inevitably be a deep-water bomb. This is the beginning of comprehensive AI algorithm in the financial market, and retail investors will have no chance of winning! https://(x.com)/rocky_bitcoin/status/1904899799847231549? s=46