Good morning. May our work and efforts go smoothly. We began next week with full geopolitical schizophrenia. Over the weekend, the Strait of Hormuz was closed, ships were seized, and Trump slammed the table: “If there’s no agreement, the consequences for Iran will be severe.” We can’t say diplomacy is over, but talk of buying time is underway. The market immediately priced in this chaos. Oil traded in pre-storm silence above $87. Gold pierced above $2,380, declaring itself the safe haven. U.S. futures, unable to absorb this tension, turned red. Bitcoin, meanwhile, remains indecisive right in the heart of the fire. Although the chart appears to hold its upward channel, the structure shows signs of fatigue. Also today: On one side, retail investors celebrate Doge Day; on the other, LayerZero has a 2.4% unlock. Although ZRO issued a statement yesterday claiming no security vulnerabilities were found in the protocol, the current unlock could still pose a risk.