Perp DEX's open interest surged from around $1 to over $15 billion in just 12 months. The space has been incredibly hot since HYPE TGE: • The U.S. Commodity Futures Trading Commission (CFTC) approved the listing of the U.S. Perp trading platform. • Coinbase launched the U.S. Perp trading platform, covering cryptocurrencies and stocks. • Aster launched. • Ondo launched the Perp trading platform. • Trade dot xyz launched the S&P 500 index trading platform. • Katana acquired IDEX and launched the Perp trading platform. I have previously written about how the erratic nature of Trump's policies (and his 24/7 market-influencing rhetoric) paved the way for the Perp trading platform and 24/7 trading markets. Subscribe 👇

Happy Monday.

Over the past five days: Gold: Down 12% Bitcoin: Down 4%

Amazing

Back to above 68

Thankfully, the situation could have been worse: Gold fell $70. Crude oil prices were largely unchanged, rising slightly by $98.70.

U.S. Occupations Most Vulnerable to AI (Percentage of Tasks that Can Be Automated): Office/Administrative: 46% Engineering: 44% Life Sciences: 37% Finance/Operations: 36% Law: 35% Occupations Hardest to Automate: Construction: 12% Repair: 11% Cleaning: 9% Maintenance: 6% Source: Goldman Sachs The AI Boom is Already Showing in the Labor Market Recruiting Sectors: • Utilities • Electrical • HVAC Growth Exceeding the Overall Economy Data Centers Won't Build Themselves (Not Yet? Haha)

Goldman Sachs analyst Daan Struyven's view on the oil market: • Continued low Hormuz gas flow could lead to further price increases. • Brent crude prices could break the 2008 high. • Supply shocks could keep oil prices high for years to come.

Citadel Securities: "The market remains overly complacent."

Breaking: Trump says the US will "destroy" Iran's power plants if the Strait of Hormuz is not opened within 48 hours.