WS #10481

The dominant theme in this window is the ongoing de-escalation of the US-Iran conflict, with multiple sources (Bloomberg, Seeking Alpha, Al Jazeera) reporting progress in talks and oil prices adding to losses. This continues the DE-ESCALATING narrative arc from the previous window. Separately, a key development is the US Senate passing a housing bill that restricts institutional investors from purchasing homes and includes a four-year ban on a Fed CBDC, which could impact real estate and crypto sectors. The yen intervention risk is rising on reports of Katayama-Bessent talks, a potential counter-signal to yen weakness. CrowdStrike insider selling ($8.4M by an officer) is a bearish signal for CRWD. Oracle's 10-K reveals cloud revenue at 51% of total and a $55.7B capex surge funded by debt, a positive for ORCL. Coinbase listing MRVL and EWY perpetual futures is a minor positive for crypto adoption. The UK housing bill and iCloud class action against Apple (UK green light) are notable but less directly US-market moving. Most other data (sports betting, routine earnings calendar, generic news) is noise.