WS #8831
The dominant theme from the previous window—perpetual futures disruption of exchanges—remains stable with no new developments. No counter-signals or de-escalation have emerged. The AI executive order, Marvell surge, Berkshire acquisition, MicroStrategy sale, and geopolitical oil dynamics are all unchanged. No material new information has surfaced in the last 30 minutes.
Key developments
- CFTC approval for bitcoin perps on Kalshi drives exchange stocks lower
- Trump signs AI executive order for voluntary 30-day government review
- SpaceX targets $1.75 trillion valuation in record IPO
- Ukraine strikes Russian Ilsky oil refinery amid record attacks
- MicroStrategy sells Bitcoin for first time since 2022
- Whale flow into Marvell $150 calls signals conviction
- Iran reviews U.S. ceasefire proposal; Strait of Hormuz traffic limited