Huobi HTX asset research analyst YT appeared at the sixth Huobi Celebrity Lecture to discuss TradFi (traditional finance) perpetual contracts, the differences among trading instruments and macro-driven asset allocation. YT said the same stock can be accessed through direct ownership, tokenized stocks, perpetual contracts or options, with each structure carrying different rights, costs and risks. Traders should identify the underlying asset and instrument and understand its rules before placing an order. For AI-related TradFi assets, YT advised prioritizing leading companies with control over key bottlenecks and pricing power rather than smaller firms pursuing the sector's trend. Market share, profit quality and the certainty of growth are key screening criteria. YT's broader research work covers industry analysis, project due diligence, on-chain data, asset evaluation, risk control and macro research, including links between global liquidity, on-chain capital flows, derivatives and crypto-market trends.