Episode Details

Markets reversed hard overnight as President Trump confirmed a two-week US-Iran ceasefire, sending Bitcoin above $72,000 and triggering $427 million in short liquidations. Oil collapsed 16% below $100 per barrel while crypto and equities rallied on relief that geopolitical tensions are pausing-at least temporarily. Morgan Stanley launched its spot Bitcoin ETF with the lowest fees in the market at 0.14%, undercutting BlackRock and setting up a major institutional showdown. Meanwhile, regulatory shifts continue: the SEC admitted its prior crypto enforcement cases delivered no investor benefit, the FDIC moved forward with stablecoin rules under the GENIUS Act, and DeFi yields crashed so hard they can no longer compete with traditional savings accounts. We break down what's driving the ceasefire rally, whether this breakout holds, and how institutions are reshaping crypto markets in real time.