{ "id": 68339, "date": "2026-04-06T09:02:59", "date_gmt": "2026-04-06T02:02:59", "guid": { "rendered": "https:\/\/hbbgroup.net\/traders-are-the-big-winners-as-24-7-stocks-will-finally-end-the-after-hours-price-manipulation\/" }, "modified": "2026-04-06T11:09:39", "modified_gmt": "2026-04-06T04:09:39", "slug": "traders-are-the-big-winners-as-24-7-stocks-will-finally-end-the-after-hours-price-manipulation", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/traders-are-the-big-winners-as-24-7-stocks-will-finally-end-the-after-hours-price-manipulation\/", "title": { "rendered": "C\u00e1c trader m\u1edbi l\u00e0 b\u00ean h\u01b0\u1edfng l\u1ee3i l\u1edbn nh\u1ea5t, khi c\u1ed5 phi\u1ebfu giao d\u1ecbch 24\/7 cu\u1ed1i c\u00f9ng s\u1ebd ch\u1ea5m d\u1ee9t t\u00ecnh tr\u1ea1ng \u201cthao t\u00fang\u201d gi\u00e1 trong phi\u00ean ngo\u00e0i gi\u1edd." }, "content": { "rendered": "
\n

C\u00e1c trader s\u1ebd l\u00e0 b\u00ean h\u01b0\u1edfng l\u1ee3i l\u1edbn nh\u1ea5t khi th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu giao d\u1ecbch 24\/7 cu\u1ed1i c\u00f9ng c\u00f3 th\u1ec3 ch\u1ea5m d\u1ee9t t\u00ecnh tr\u1ea1ng \u201cthao t\u00fang\u201d gi\u00e1 trong phi\u00ean ngo\u00e0i gi\u1edd.<\/strong><\/h2>\n

M\u00f4 h\u00ecnh th\u1ecb tr\u01b0\u1eddng v\u1eadn h\u00e0nh 24\/7 h\u1ee9a h\u1eb9n mang l\u1ea1i nhi\u1ec1u t\u1ef1 do h\u01a1n cho nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111\u1ed3ng th\u1eddi t\u1ea1o \u00e1p l\u1ef1c l\u00ean c\u00e1c b\u00ean trung gian v\u1ed1n t\u1eeb l\u00e2u n\u1eafm gi\u1eef quy\u1ec1n l\u1ef1c r\u1ea5t l\u1edbn trong giai \u0111o\u1ea1n ngo\u00e0i gi\u1edd giao d\u1ecbch.<\/strong><\/h2>\n

Ng\u00e0y 4 th\u00e1ng 4 n\u0103m 2026, 14:00<\/strong><\/p>\n

Make preferred on <\/a><\/p>\n<\/div>\n

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N\u1ebfu ti\u1ebfng chu\u00f4ng \u0111\u00f3ng c\u1eeda t\u1eeb l\u00e2u \u0111\u00e3 l\u00e0 m\u1ed9t m\u00f4 h\u00ecnh ki\u1ebfm ti\u1ec1n, th\u00ec giao d\u1ecbch 24\/7 ch\u00ednh l\u00e0 n\u1ed7 l\u1ef1c ph\u00e1 v\u1ee1 m\u00f4 h\u00ecnh \u0111\u00f3. Khi NYSE, Nasdaq, CME v\u00e0 Cboe ch\u1ea1y \u0111ua tri\u1ec3n khai giao d\u1ecbch xuy\u00ean su\u1ed1t 24\/7, c\u00e2u h\u1ecfi \u0111\u1eb7t ra l\u00e0 ai s\u1ebd h\u01b0\u1edfng l\u1ee3i v\u00e0 ai c\u00f3 th\u1ec3 l\u00e0 b\u00ean ch\u1ecbu thi\u1ec7t.<\/p>\n

C\u00e2u tr\u1ea3 l\u1eddi kh\u00e1 \u0111\u01a1n gi\u1ea3n, theo Mati Greenspan, nh\u00e0 s\u00e1ng l\u1eadp ki\u00eam CEO c\u1ee7a Quantum Economics, chia s\u1ebb v\u1edbi CoinDesk: \u201cNh\u1eefng b\u00ean thua thi\u1ec7t l\u1edbn nh\u1ea5t trong m\u00f4 h\u00ecnh giao d\u1ecbch c\u1ed5 phi\u1ebfu 24\/7 s\u1ebd kh\u00f4ng ph\u1ea3i l\u00e0 trader \u2014 h\u1ecd s\u1ebd \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i r\u1ea5t l\u1edbn. B\u00ean ch\u1ecbu thi\u1ec7t s\u1ebd l\u00e0 c\u00e1c trung gian v\u1ed1n t\u1eeb l\u00e2u ki\u1ebfm ti\u1ec1n v\u00e0o l\u00fac trader kh\u00f4ng th\u1ec3 giao d\u1ecbch.\u201d<\/p>\n

Greenspan, \u0111\u1ed3ng th\u1eddi l\u00e0 m\u1ed9t nh\u00e0 ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng, cho r\u1eb1ng khi th\u1ecb tr\u01b0\u1eddng m\u1edf c\u1eeda tr\u1edf l\u1ea1i sau m\u1ed9t s\u1ef1 ki\u1ec7n l\u1edbn, theo c\u00e1ch \u00f4ng m\u00f4 t\u1ea3, \u201cm\u1ed9t nh\u00f3m nh\u1ecf c\u00f4ng ty s\u1ebd quy\u1ebft \u0111\u1ecbnh m\u1ee9c gi\u00e1 \u0111\u1ea7u ti\u00ean c\u00f3 th\u1ec3 giao d\u1ecbch. Nhi\u1ec1u khi, h\u1ecd c\u1ed1 t\u00ecnh s\u1eed d\u1ee5ng m\u1ed9t m\u1ee9c gi\u00e1 \u0111\u1ee7 \u0111\u1ec3 qu\u00e9t stop-loss c\u1ee7a kh\u00e1ch h\u00e0ng, khi\u1ebfn c\u00e1c v\u1ecb th\u1ebf b\u1ecb \u0111\u00f3ng trong tr\u1ea1ng th\u00e1i thua l\u1ed7 v\u00e0 t\u1ea1o l\u1ee3i nhu\u1eadn cho broker \u2014 b\u00ean v\u1ec1 b\u1ea3n ch\u1ea5t \u0111ang giao d\u1ecbch \u0111\u1ed1i \u1ee9ng v\u1edbi ch\u00ednh kh\u00e1ch h\u00e0ng c\u1ee7a m\u00ecnh.\u201d<\/p>\n

Khi \u0111\u01b0\u1ee3c h\u1ecfi li\u1ec7u c\u00e1c broker c\u00f3 ph\u1ed1i h\u1ee3p v\u1edbi nhau trong vi\u1ec7c \u0111\u1ecbnh gi\u00e1 trong th\u1eddi gian th\u1ecb tr\u01b0\u1eddng \u0111\u00f3ng c\u1eeda hay kh\u00f4ng, Greenspan \u0111\u01b0a ra nh\u1eadn \u0111\u1ecbnh r\u1ea5t th\u1eb3ng: \u201cC\u00f3, \u0111\u00f3 l\u00e0 thao t\u00fang m\u1ed9t c\u00e1ch tr\u1ef1c di\u1ec7n.\u201d<\/p>\n

\u201cH\u1ecd v\u1ec1 c\u01a1 b\u1ea3n c\u00f3 th\u1ec3 ki\u1ec3m so\u00e1t gi\u00e1, th\u01b0\u1eddng l\u00e0 v\u1edbi h\u00e0ng gi\u1edd \u0111\u1ec3 t\u00ednh to\u00e1n chi\u1ebfn l\u01b0\u1ee3c,\u201d \u00f4ng n\u00f3i. \u201cNhi\u1ec1u tr\u01b0\u1eddng h\u1ee3p l\u00e0 s\u0103n stop-loss. Khi c\u00f3 tin l\u1edbn x\u1ea3y ra v\u00e0o cu\u1ed1i tu\u1ea7n, ph\u00eda nh\u00e0 c\u00e1i th\u01b0\u1eddng t\u1ef1 cho m\u00ecnh nhi\u1ec1u kho\u1ea3ng tr\u1ed1ng \u0111\u1ec3 \u0111\u1ecbnh gi\u00e1 t\u1ea1i ti\u1ebfng chu\u00f4ng m\u1edf c\u1eeda.\u201d<\/p>\n

Nh\u1eefng b\u00ecnh lu\u1eadn n\u00e0y xu\u1ea5t hi\u1ec7n trong b\u1ed1i c\u1ea3nh m\u1ed9t s\u1ed1 s\u00e0n giao d\u1ecbch l\u1edbn c\u1ee7a M\u1ef9 \u0111ang h\u01b0\u1edbng t\u1edbi cung c\u1ea5p d\u1ecbch v\u1ee5 giao d\u1ecbch li\u00ean t\u1ee5c. NYSE cho bi\u1ebft h\u1ecd \u0111ang xin SEC ph\u00ea duy\u1ec7t m\u00f4 h\u00ecnh giao d\u1ecbch 24\/7. Nasdaq c\u0169ng c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch t\u01b0\u01a1ng t\u1ef1 v\u00e0o th\u00e1ng 12. CME d\u1ef1 ki\u1ebfn tri\u1ec3n khai h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai crypto 24 gi\u1edd v\u00e0o n\u0103m 2026, ch\u1edd ph\u00ea duy\u1ec7t, c\u00f2n Cboe g\u1ea7n \u0111\u00e2y \u0111\u00e3 m\u1edf r\u1ed9ng giao d\u1ecbch quy\u1ec1n ch\u1ecdn ch\u1ec9 s\u1ed1 M\u1ef9 sang m\u00f4 h\u00ecnh 24\/5.<\/p>\n

\u201cKh\u1ea3 n\u0103ng ch\u1ed1i b\u1ecf h\u1ee3p l\u00fd\u201d<\/strong><\/p>\n

D\u00f9 b\u00ecnh lu\u1eadn c\u1ee7a Greenspan c\u00f3 th\u1ec3 b\u1ecb xem l\u00e0 mang t\u00ednh c\u00e1o bu\u1ed9c, kh\u00f4ng kh\u00f3 \u0111\u1ec3 hi\u1ec3u v\u00ec sao c\u00e1c h\u00e0nh vi nh\u01b0 v\u1eady l\u1ea1i c\u00f3 th\u1ec3 n\u1ed5i b\u1eadt trong th\u1ecb tr\u01b0\u1eddng ngo\u00e0i gi\u1edd. Khi gi\u1edd giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng k\u1ebft th\u00fac v\u00e0o 4 gi\u1edd chi\u1ec1u theo gi\u1edd ET, thanh kho\u1ea3n m\u1ecfng khi\u1ebfn gi\u00e1 d\u1ec5 b\u1ecb t\u00e1c \u0111\u1ed9ng h\u01a1n.<\/p>\n

\u201cSau ti\u1ebfng chu\u00f4ng \u0111\u00f3ng c\u1eeda l\u00fac 4 gi\u1edd chi\u1ec1u, b\u1ea1n \u0111\u01a1n gi\u1ea3n l\u00e0 kh\u00f4ng c\u00f2n c\u00f9ng m\u1ee9c thanh kho\u1ea3n nh\u01b0 tr\u01b0\u1edbc,\u201d Joe Dente, m\u1ed9t floor broker t\u1ea1i S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n New York, cho bi\u1ebft. \u201cM\u1ecdi ng\u01b0\u1eddi \u0111\u00e3 v\u1ec1 nh\u00e0 v\u00e0 thanh kho\u1ea3n kh\u00f4ng c\u00f2n, n\u00ean b\u1ea1n s\u1ebd th\u1ea5y spread gi\u00e3n r\u1ed9ng h\u01a1n.\u201d<\/p>\n

Theo \u00f4ng, spread r\u1ed9ng h\u01a1n v\u00e0 s\u1ed5 l\u1ec7nh m\u1ecfng h\u01a1n t\u1ea1o ra m\u1ed9t m\u00f4i tr\u01b0\u1eddng m\u00e0 trong \u0111\u00f3 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u00f3 th\u1ec3 b\u1ecb khu\u1ebfch \u0111\u1ea1i m\u1ea1nh h\u01a1n so v\u1edbi phi\u00ean giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng.<\/p>\n

Nghi\u00ean c\u1ee9u h\u1ecdc thu\u1eadt c\u0169ng c\u1ee7ng c\u1ed1 quan \u0111i\u1ec3m r\u1eb1ng c\u00e1c phi\u00ean giao d\u1ecbch k\u00e9o d\u00e0i c\u00f3 c\u1ea5u tr\u00fac kh\u00e1c bi\u1ec7t r\u00f5 r\u1ec7t so v\u1edbi khung gi\u1edd c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng. M\u1ed9t nghi\u00ean c\u1ee9u \u0111\u01b0\u1ee3c tr\u00edch d\u1eabn r\u1ed9ng r\u00e3i c\u1ee7a UC Berkeley v\u00e0 \u0110\u1ea1i h\u1ecdc Rochester cho th\u1ea5y qu\u00e1 tr\u00ecnh kh\u00e1m ph\u00e1 gi\u00e1 trong phi\u00ean ngo\u00e0i gi\u1edd \u201ck\u00e9m hi\u1ec7u qu\u1ea3 h\u01a1n \u0111\u00e1ng k\u1ec3\u201d, do kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch th\u1ea5p h\u01a1n v\u00e0 thanh kho\u1ea3n m\u1ecfng h\u01a1n, l\u00e0m h\u1ea1n ch\u1ebf t\u1ed1c \u0111\u1ed9 m\u00e0 th\u00f4ng tin \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh v\u00e0o gi\u00e1.<\/p>\n

Khi \u0111\u01b0\u1ee3c h\u1ecfi li\u1ec7u thao t\u00fang \u0111\u00e3 di\u1ec5n ra trong nh\u1eefng giai \u0111o\u1ea1n \u0111\u00f3 hay ch\u01b0a, Dente n\u00f3i \u0111i\u1ec1u n\u00e0y l\u00e0 \u201cc\u00f3 th\u1ec3\u201d, nh\u01b0ng \u0111\u1ed3ng th\u1eddi c\u0169ng l\u01b0u \u00fd r\u1eb1ng \u201cb\u1ea3n th\u00e2n s\u1ef1 ki\u1ec7n giao d\u1ecbch 24 gi\u1edd s\u1ebd khi\u1ebfn th\u1ecb tr\u01b0\u1eddng m\u1edf ra tr\u01b0\u1edbc nguy c\u01a1 b\u1ecb thao t\u00fang,\u201d \u00e1m ch\u1ec9 c\u00e1c \u0111i\u1ec1u ki\u1ec7n v\u1ed1n \u0111\u00e3 hi\u1ec7n h\u1eefu trong th\u1ecb tr\u01b0\u1eddng ngo\u00e0i gi\u1edd.<\/p>\n

Trong khi \u0111\u00f3, Greenspan cho r\u1eb1ng nh\u1eefng h\u00e0nh vi thao t\u00fang b\u1ecb c\u00e1o bu\u1ed9c n\u00e0y \u201ckh\u00f4ng h\u1eb3n l\u00e0 di\u1ec5n ra c\u00f4ng khai minh b\u1ea1ch, v\u00ec v\u1eady nh\u1eefng b\u00ean [c\u00e1c broker c\u00f3 th\u1ec3 tham gia v\u00e0o c\u00e1c h\u00e0nh \u0111\u1ed9ng nh\u01b0 v\u1eady] th\u01b0\u1eddng c\u1ed1 duy tr\u00ec m\u1ed9t m\u1ee9c \u0111\u1ed9 ch\u1ed1i b\u1ecf h\u1ee3p l\u00fd.\u201d<\/p>\n

\u0110\u00e2y c\u0169ng l\u00e0 \u0111i\u1ec3m m\u00e0 ranh gi\u1edbi gi\u1eefa thao t\u00fang th\u1ef1c s\u1ef1 v\u00e0 b\u1eb1ng ch\u1ee9ng cho th\u1ea5y c\u00e1c h\u00e0nh vi \u0111\u00f3 c\u00f3 t\u1ed3n t\u1ea1i b\u1eaft \u0111\u1ea7u tr\u1edf n\u00ean m\u1edd \u0111i.<\/p>\n

M\u1ed9t nghi\u00ean c\u1ee9u SSRN \u0111\u01b0\u1ee3c tr\u00edch d\u1eabn nhi\u1ec1u v\u1ec1 thao t\u00fang gi\u00e1 m\u1edf c\u1eeda cho th\u1ea5y broker c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 trong phi\u00ean \u0111\u1ea5u gi\u00e1 tr\u01b0\u1edbc gi\u1edd m\u1edf c\u1eeda b\u1eb1ng c\u00e1ch \u0111\u1eb7t r\u1ed3i h\u1ee7y c\u00e1c l\u1ec7nh l\u1edbn, qua \u0111\u00f3 t\u1ea1m th\u1eddi k\u00e9o gi\u00e1 c\u1ed5 phi\u1ebfu l\u1ec7ch kh\u1ecfi gi\u00e1 tr\u1ecb c\u01a1 b\u1ea3n tr\u01b0\u1edbc khi thanh kho\u1ea3n r\u1ed9ng h\u01a1n quay tr\u1edf l\u1ea1i.<\/p>\n

Nghi\u00ean c\u1ee9u n\u00e0y cho th\u1ea5y ki\u1ec3u thao t\u00fang \u0111\u00f3 c\u00f3 th\u1ec3 t\u1ea1o ra m\u1ee9c gi\u00e1 m\u1edf c\u1eeda m\u00e9o m\u00f3, sau \u0111\u00f3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh l\u1ea1i khi to\u00e0n b\u1ed9 th\u1ecb tr\u01b0\u1eddng b\u1eaft \u0111\u1ea7u giao d\u1ecbch, khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mua \u1edf v\u00f9ng gi\u00e1 b\u1ecb th\u1ed5i ph\u1ed3ng ph\u1ea3i ch\u1ecbu thua l\u1ed7. Do nh\u1eefng bi\u1ebfn d\u1ea1ng n\u00e0y x\u1ea3y ra tr\u01b0\u1edbc khi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng quay l\u1ea1i, c\u00e1c chuy\u1ec3n \u0111\u1ed9ng gi\u00e1 t\u1ea1o ra c\u00f3 th\u1ec3 tr\u00f4ng kh\u00f4ng kh\u00e1c g\u00ec bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng th\u00f4ng th\u01b0\u1eddng.<\/p>\n

M\u1ed9t broker kh\u00e1c, am hi\u1ec3u v\u1ec1 th\u1ef1c ti\u1ec5n giao d\u1ecbch qua \u0111\u00eam v\u00e0 y\u00eau c\u1ea7u gi\u1ea5u t\u00ean v\u00ec kh\u00f4ng \u0111\u01b0\u1ee3c ph\u00e9p ph\u00e1t bi\u1ec3u c\u00f4ng khai, cho bi\u1ebft thanh kho\u1ea3n m\u1ecfng trong phi\u00ean overnight \u0111\u00f4i khi khi\u1ebfn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c ph\u1ed1i h\u1ee3p c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 d\u1ec5 h\u01a1n, \u0111\u1eb7c bi\u1ec7t \u1edf c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 thanh kho\u1ea3n th\u1ea5p h\u01a1n.<\/p>\n

V\u00e0 \u0111\u00e2y kh\u00f4ng ch\u1ec9 l\u00e0 b\u1eb1ng ch\u1ee9ng giai tho\u1ea1i.<\/p>\n

V\u00e0o cu\u1ed1i n\u0103m 2025, SEC \u0111\u00e3 d\u00e0n x\u1ebfp c\u00e1c c\u00e1o bu\u1ed9c li\u00ean quan \u0111\u1ebfn m\u1ed9t k\u1ebf ho\u1ea1ch spoofing k\u00e9o d\u00e0i nhi\u1ec1u n\u0103m, trong \u0111\u00f3 c\u00e1c l\u1ec7nh gi\u1ea3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 \u0111i\u1ec1u h\u01b0\u1edbng gi\u00e1 \u1edf nh\u1eefng ch\u1ee9ng kho\u00e1n c\u00f3 thanh kho\u1ea3n th\u1ea5p. C\u01a1 quan qu\u1ea3n l\u00fd c\u0169ng ph\u1ea1t Velox Clearing 1,3 tri\u1ec7u USD v\u00ec kh\u00f4ng ph\u00e1t hi\u1ec7n \u0111\u01b0\u1ee3c c\u00e1c h\u00e0nh vi \u201clayering\u201d v\u00e0 \u201cspoofing\u201d tr\u00ean nh\u1eefng c\u1ed5 phi\u1ebfu bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh.<\/p>\n

Trong khi \u0111\u00f3, C\u01a1 quan Qu\u1ea3n l\u00fd Ng\u00e0nh T\u00e0i ch\u00ednh M\u1ef9 (FINRA), trong B\u00e1o c\u00e1o Gi\u00e1m s\u00e1t Qu\u1ea3n l\u00fd th\u01b0\u1eddng ni\u00ean n\u0103m 2026, \u0111\u00e3 vi\u1ec7n d\u1eabn c\u00e1c c\u00f4ng ty v\u00ec \u201ckh\u00f4ng duy tr\u00ec \u0111\u01b0\u1ee3c h\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t v\u00e0 ki\u1ec3m so\u00e1t \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf \u1edf m\u1ee9c h\u1ee3p l\u00fd, bao g\u1ed3m c\u1ea3 vi\u1ec7c nh\u1eadn di\u1ec7n v\u00e0 b\u00e1o c\u00e1o c\u00e1c h\u00e0nh vi c\u00f3 kh\u1ea3 n\u0103ng mang t\u00ednh thao t\u00fang \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n trong giao d\u1ecbch ngo\u00e0i gi\u1edd.\u201d<\/p>\n

Chi\u1ebfn th\u1eafng cho nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb?<\/strong><\/p>\n

D\u00f9 kh\u00f3 c\u00f3 th\u1ec3 kh\u1eb3ng \u0111\u1ecbnh m\u1ee9c \u0111\u1ed9 ph\u1ed5 bi\u1ebfn c\u1ee7a nh\u1eefng c\u00e1o bu\u1ed9c n\u00e0y \u0111\u1ebfn \u0111\u00e2u, c\u00f3 m\u1ed9t \u0111i\u1ec1u g\u1ea7n nh\u01b0 ch\u1eafc ch\u1eafn: n\u1ebfu th\u1ecb tr\u01b0\u1eddng chuy\u1ec3n sang giao d\u1ecbch 24\/7, trader s\u1ebd l\u00e0 b\u00ean h\u01b0\u1edfng l\u1ee3i l\u1edbn nh\u1ea5t, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb.<\/p>\n

Trong c\u00e1c th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec7n t\u1eed hi\u1ec7n nay, nh\u1eefng trader ph\u1ea3n \u1ee9ng nhanh nh\u1ea5t tr\u01b0\u1edbc tin t\u1ee9c th\u1ecb tr\u01b0\u1eddng lu\u00f4n c\u00f3 l\u1ee3i th\u1ebf mang t\u00ednh c\u1ea5u tr\u00fac.<\/p>\n

\u201cLu\u00f4n c\u00f3 l\u1ee3i th\u1ebf d\u00e0nh cho b\u00ean s\u1edf h\u1eefu h\u1ec7 th\u1ed1ng m\u00e1y t\u00ednh nhanh nh\u1ea5t v\u00e0 \u0111\u1ed9i ng\u0169 l\u1eadp tr\u00ecnh t\u1ed1t nh\u1ea5t,\u201d Dente n\u00f3i, \u0111\u1ed3ng th\u1eddi nh\u1ea5n m\u1ea1nh r\u1eb1ng c\u00e1c thu\u1eadt to\u00e1n c\u00f3 th\u1ec3 ph\u1ea3n \u1ee9ng v\u1edbi tin t\u1ee9c v\u00e0 l\u1ec7nh giao d\u1ecbch \u201cch\u1ec9 trong m\u1ed9t ph\u1ea7n t\u1ef7 gi\u00e2y.\u201d \u00d4ng cho bi\u1ebft, v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n, vi\u1ec7c theo k\u1ecbp t\u1ed1c \u0111\u1ed9 \u0111\u00f3 l\u00e0 r\u1ea5t kh\u00f3. \u201cM\u1ed9t con ng\u01b0\u1eddi b\u00ecnh th\u01b0\u1eddng th\u00ec l\u00e0m sao theo k\u1ecbp \u0111\u01b0\u1ee3c \u0111i\u1ec1u \u0111\u00f3?\u201d<\/p>\n

V\u00e0 vi\u1ec7c ph\u1ea3n \u1ee9ng tr\u01b0\u1edbc c\u00e1c s\u1ef1 ki\u1ec7n nh\u01b0 v\u1eady c\u00f2n tr\u1edf n\u00ean kh\u00f3 kh\u0103n h\u01a1n v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf khi th\u1ecb tr\u01b0\u1eddng \u0111\u00f3ng c\u1eeda, khi\u1ebfn nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb ho\u1eb7c c\u00e1c trader quy m\u00f4 nh\u1ecf r\u01a1i v\u00e0o th\u1ebf b\u1ea5t l\u1ee3i r\u1ea5t l\u1edbn.<\/p>\n

Pranav Ramesh, Gi\u00e1m \u0111\u1ed1c nghi\u00ean c\u1ee9u \u0111\u1ecbnh l\u01b0\u1ee3ng m\u1ea3ng quy\u1ec1n ch\u1ecdn t\u1ea1i Nasdaq v\u00e0 \u0111\u1ed3ng s\u00e1ng l\u1eadp Leadpoet, cho bi\u1ebft th\u1ecb tr\u01b0\u1eddng thanh kho\u1ea3n m\u1ecfng c\u00f3 th\u1ec3 khu\u1ebfch \u0111\u1ea1i nh\u1eefng r\u1ee7i ro \u0111\u00f3.<\/p>\n

\u201cVi\u1ec7c c\u00e1c broker ph\u1ed1i h\u1ee3p v\u1edbi nhau th\u01b0\u1eddng c\u00f3 th\u1ec3 th\u1ec3 hi\u1ec7n d\u01b0\u1edbi d\u1ea1ng s\u1ef1 \u0111\u1ed3ng thu\u1eadn to\u00e0n ng\u00e0nh trong c\u00e1ch th\u1ee9c routing l\u1ec7nh v\u00e0 th\u1ef1c thi l\u1ec7nh, \u0111\u1eb7c bi\u1ec7t khi ph\u1ea7n l\u1edbn d\u00f2ng l\u1ec7nh t\u1eeb nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb cu\u1ed1i c\u00f9ng l\u1ea1i \u0111\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ebfn ch\u1ec9 m\u1ed9t s\u1ed1 \u00edt nh\u00e0 t\u1ea1o l\u1eadp\/wholesaler,\u201d \u00f4ng n\u00f3i. \u201cNgo\u00e0i khung gi\u1edd giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng, vi\u1ec7c gi\u00e1m s\u00e1t s\u1ebd kh\u00f3 h\u01a1n v\u00ec th\u1ecb tr\u01b0\u1eddng m\u1ecfng h\u01a1n v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 \u00edt \u0111i\u1ec3m tham chi\u1ebfu r\u00f5 r\u00e0ng h\u01a1n \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u1ea5t l\u01b0\u1ee3ng kh\u1edbp l\u1ec7nh,\u201d Ramesh n\u00f3i v\u1edbi t\u01b0 c\u00e1ch quan \u0111i\u1ec3m c\u00e1 nh\u00e2n.<\/p>\n

C\u00e1c ngu\u1ed3n tin am hi\u1ec3u v\u1ec1 c\u01a1 ch\u1ebf routing l\u1ec7nh v\u00e0 th\u1ef1c h\u00e0nh cung c\u1ea5p thanh kho\u1ea3n c\u1ee7a broker n\u00f3i v\u1edbi CoinDesk r\u1eb1ng quy\u1ec1n l\u1ef1c trong vi\u1ec7c thi\u1ebft l\u1eadp gi\u00e1 \u1edf c\u00e1c phi\u00ean thanh kho\u1ea3n m\u1ecfng l\u00e0 c\u00f3 th\u1eadt, \u0111\u1eb7c bi\u1ec7t khi tin t\u1ee9c l\u1edbn xu\u1ea5t hi\u1ec7n \u05d1\u05d6\u05de\u05df th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u00f3ng c\u1eeda. Theo c\u00e1c ngu\u1ed3n tin n\u00e0y, vi\u1ec7c ph\u1ed1i h\u1ee3p \u062d\u0648\u0644 routing, spread v\u00e0 c\u00e1ch th\u1ee9c th\u1ef1c thi l\u1ec7nh trong nh\u1eefng kho\u1ea3ng gi\u00e1n \u0111o\u1ea1n k\u00e9o d\u00e0i trong l\u1ecbch s\u1eed v\u1ed1n d\u1ec5 x\u1ea3y ra h\u01a1n ch\u00ednh v\u00ec nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb kh\u00f4ng th\u1ec3 tham gia giao d\u1ecbch.<\/p>\n

Theo Greenspan, \u0111\u00e2y ch\u00ednh l\u00e0 v\u1ea5n \u0111\u1ec1 m\u00e0 giao d\u1ecbch 24\/7 s\u1ebd gi\u1ea3i quy\u1ebft cho trader, khi \u00f4ng cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng 24\/7 s\u1ebd l\u00e0m suy gi\u1ea3m l\u1ee3i th\u1ebf c\u1ee7a c\u00e1c c\u00f4ng ty fintech b\u1eb1ng c\u00e1ch x\u00f3a b\u1ecf ho\u00e0n to\u00e0n kho\u1ea3ng tr\u1ed1ng cu\u1ed1i tu\u1ea7n.<\/p>\n

Xung \u0111\u1ed9t g\u1ea7n \u0111\u00e2y t\u1ea1i Trung \u0110\u00f4ng l\u00e0 m\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh cho th\u1ea5y vi\u1ec7c n\u00e0y c\u00f3 th\u1ec3 m\u1edf ra th\u00eam nhi\u1ec1u c\u01a1 h\u1ed9i giao d\u1ecbch nh\u01b0 th\u1ebf n\u00e0o khi th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng v\u1eabn \u0111\u00f3ng c\u1eeda. S\u00e0n giao d\u1ecbch phi t\u1eadp trung Hyperliquid, ho\u1ea1t \u0111\u1ed9ng on-chain 24\/7, \u0111\u00e3 ghi nh\u1eadn m\u1ee9c \u0111\u1ed9 quan t\u00e2m gia t\u0103ng t\u1eeb c\u00e1c trader \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o c\u00e1c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng, bao g\u1ed3m d\u1ea7u v\u00e0 v\u00e0ng, trong d\u1ecbp cu\u1ed1i tu\u1ea7n \u2014 th\u1eddi \u0111i\u1ec3m c\u00e1c s\u00e0n giao d\u1ecbch truy\u1ec1n th\u1ed1ng kh\u00f4ng ho\u1ea1t \u0111\u1ed9ng.<\/p>\n

N\u1ec1n t\u1ea3ng n\u00e0y \u0111\u00e3 tr\u1edf n\u00ean ph\u1ed5 bi\u1ebfn \u0111\u1ebfn m\u1ee9c kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch ph\u00e1i sinh h\u00e0ng tu\u1ea7n tr\u00ean Hyperliquid v\u01b0\u1ee3t m\u1ed1c 50 t\u1ef7 USD, trong khi doanh thu trong v\u00f2ng 24 gi\u1edd \u0111\u1ea1t 1,6 tri\u1ec7u USD, cao h\u01a1n c\u1ea3 doanh thu c\u1ee7a to\u00e0n b\u1ed9 m\u1ea1ng l\u01b0\u1edbi Bitcoin trong c\u00f9ng kho\u1ea3ng th\u1eddi gian. N\u1ec1n t\u1ea3ng n\u00e0y g\u1ea7n \u0111\u00e2y c\u0169ng \u0111\u00e3 b\u1ed5 sung h\u1ee3p \u0111\u1ed3ng perpetual theo ch\u1ec9 s\u1ed1 S&P 500.<\/p>\n

Kh\u00f4ng c\u1ea7n ph\u1ea3i n\u00f3i th\u00eam, c\u00e1c s\u00e0n giao d\u1ecbch l\u1edbn c\u0169ng nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd h\u01b0\u1edfng l\u1ee3i t\u1eeb ph\u00ed giao d\u1ecbch n\u1ebfu h\u1ecd m\u1edf c\u1eeda theo m\u00f4 h\u00ecnh 24\/7.<\/p>\n

Vi\u1ec7c giao d\u1ecbch li\u00ean t\u1ee5c c\u00f3 th\u1ef1c s\u1ef1 l\u00e0m suy y\u1ebfu \u1ea3nh h\u01b0\u1edfng c\u1ee7a broker \u0111\u1ed1i v\u1edbi qu\u00e1 tr\u00ecnh thi\u1ebft l\u1eadp gi\u00e1 hay kh\u00f4ng v\u1eabn c\u00f2n ph\u1ea3i ch\u1edd ki\u1ec3m ch\u1ee9ng. Nh\u01b0ng \u0111i\u1ec1u r\u00f5 r\u00e0ng l\u00e0 c\u1ea3 s\u00e0n giao d\u1ecbch l\u1eabn nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec1u c\u00f3 th\u1ec3 h\u01b0\u1edfng l\u1ee3i t\u1eeb m\u1ed9t th\u1ecb tr\u01b0\u1eddng kh\u00f4ng bao gi\u1edd \u0111\u00f3ng c\u1eeda.<\/p>\n

\u201cTrader c\u00f3 th\u1ec3 ph\u1ea3n \u1ee9ng theo th\u1eddi gian th\u1ef1c m\u00e0 kh\u00f4ng c\u00f2n ph\u1ea3i ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c b\u00ean trung gian \u2014 t\u1ee9c c\u00e1c broker,\u201d Greenspan n\u00f3i.<\/p>\n

\u0110\u1ecdc th\u00eam: Bitcoin’s weekend selloff may be over with CME’s 24\/7 crypto trading move<\/a><\/em><\/strong><\/p>\n<\/div>\n

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\"Encryption<\/figure>\n

Ph\u1ea7n l\u1edbn c\u00e1c m\u00f4 h\u00ecnh privacy trong crypto s\u1ebd suy y\u1ebfu khi l\u01b0\u1ee3ng d\u1eef li\u1ec7u blockchain ng\u00e0y c\u00e0ng ph\u00ecnh to. Ng\u01b0\u1ee3c l\u1ea1i, c\u00e1c m\u00f4 h\u00ecnh d\u1ef1a tr\u00ean m\u00e3 h\u00f3a nh\u01b0 Zcash l\u1ea1i c\u00e0ng \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1. CoinDesk Research \u0111\u00e3 h\u1ec7 th\u1ed1ng h\u00f3a 5 h\u01b0\u1edbng ti\u1ebfp c\u1eadn privacy v\u00e0 ph\u00e2n t\u00edch kho\u1ea3ng c\u00e1ch ng\u00e0y c\u00e0ng n\u1edbi r\u1ed9ng gi\u1eefa c\u00e1c m\u00f4 h\u00ecnh n\u00e0y.<\/p>\n

V\u00ec sao \u0111i\u1ec1u n\u00e0y quan tr\u1ecdng:<\/strong><\/p>\n

Khi m\u1ee9c \u0111\u1ed9 \u1ee9ng d\u1ee5ng blockchain ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng, l\u01b0\u1ee3ng metadata kh\u1ea3 d\u1ee5ng cho c\u00e1c m\u00f4 h\u00ecnh machine learning c\u0169ng t\u0103ng theo t\u01b0\u01a1ng \u1ee9ng. H\u1ec7 qu\u1ea3 l\u00e0 c\u00e1c ph\u01b0\u01a1ng ph\u00e1p privacy d\u1ef1a tr\u00ean obfuscation \u0111ang suy gi\u1ea3m v\u1ec1 m\u1eb7t c\u1ea5u tr\u00fac. B\u00e1o c\u00e1o n\u00e0y \u0111\u01b0a ra m\u1ed9t so s\u00e1nh to\u00e0n di\u1ec7n gi\u1eefa 5 ki\u1ebfn tr\u00fac privacy ch\u1ee7 \u0111\u1ea1o trong crypto, \u0111\u1ed3ng th\u1eddi x\u00e2y d\u1ef1ng m\u1ed9t khung \u0111\u00e1nh gi\u00e1 \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u00f4 h\u00ecnh n\u00e0o v\u1eabn \u0111\u1ee7 \u0111\u1ed9 b\u1ec1n v\u1eefng khi n\u0103ng l\u1ef1c AI ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c n\u00e2ng l\u00ean.<\/p>\n

View Full Report<\/a><\/p>\n<\/div>\n

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(\u0110\u1ecdc chi ti\u1ebft t\u1ea1i \u0111\u00e2y)<\/em><\/p>\n

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\"(Vladislav<\/figure>\n

M\u1ed1i t\u01b0\u01a1ng quan gi\u1eefa Bitcoin v\u00e0 xu h\u01b0\u1edbng n\u1edbi l\u1ecfng ti\u1ec1n t\u1ec7 c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u \u0111\u00e3 chuy\u1ec3n sang tr\u1ea1ng th\u00e1i \u00e2m m\u1ea1nh k\u1ec3 t\u1eeb n\u0103m 2024, cho th\u1ea5y BTC hi\u1ec7n \u0111ang d\u1eabn d\u1eaft thay v\u00ec \u0111i sau c\u00e1c t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/p>\n

\u0110i\u1ec1u c\u1ea7n bi\u1ebft:<\/strong><\/p>\n