Markets witnessed another volatile session as nearly $3 trillion was wiped from the S&P 500 in just over a week, highlighting growing investor uncertainty. At the same time, hopes for easing geopolitical tensions emerged after reports that a potential U.S.-Iran agreement could be signed this weekend in Europe. Meanwhile, SpaceX continued its historic rise, with valuations projected above $2 trillion, making it one of the world's most valuable companies. Institutional adoption also advanced as Citigroup introduced tokenized depositary receipts, further bridging traditional finance and blockchain technology. In crypto, BlackRock continued accumulating digital assets, reinforcing long-term confidence despite broader market volatility.
⚡️ Key themes today: Market volatility, geopolitical developments, institutional crypto accumulation, tokenization of traditional assets, and SpaceX's unprecedented growth.

A major shift toward both energy security and digital finance is unfolding globally. Japan deepened its long-term energy strategy through a new nuclear partnership with Rolls-Royce, while Stanford University's acceptance of Bitcoin payments signals growing real-world adoption among prestigious institutions. In Europe, Italy moved in the opposite direction by increasing crypto taxation to 33.5%, highlighting the widening regulatory divide between nations. Geopolitical attention remains focused on the Middle East as discussions surrounding a potential U.S.-Iran agreement continue. Meanwhile, USDT briefly surpassed Ethereum in market capitalization, underscoring the growing influence of stablecoins in the digital asset ecosystem. Adding to the regulatory debate, Kalshi and Polymarket have challenged Kentucky's proposed prediction market transaction tax in a case that could have broader implications for the industry's future.