News Summary

• The u.s.-Iran peace deal reached over the weekend provided the stimulus many markets had been waiting for.
• The crypto market, reacting to geopolitics in the absence of industry-specific catalysts, has learned to distrust this particular headline.
• While the market appears to have steadied after an early June rout, the onchain crowd remains split.
• The hottest innovation trade right now is a stock, not a token, and it is pulling from the same pool of risk capital.
• The other pull is competition.