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Oil swings while crypto climbs as markets digest Iran conflict
Oil swings as Bitcoin rebounds toward $69K while Nasdaq pushes ahead with tokenized stocks alongside Kraken.
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The world's largest oil supply shock in history is reshaping every market simultaneously.
Traditional equities opened Monday in the red, but digital assets went the other direction.
That divergence is telling a bigger story about where capital flows during geopolitical chaos.
Meanwhile, institutions keep showing up. Nasdaq announced it is working with Kraken to enable global trading of tokenized stocks.
Nasdaq and Kraken team up to bring tokenized equities to crypto markets
Kraken's xStocks platform has already processed over $3.5B in on-chain equity volume since June 2025.
Now Nasdaq wants in, partnering with Kraken to let public companies control how their shares exist as tokens.
The target launch is H1 2027, putting tokenized stock trading on a real timeline.
Think of it as giving every listed company a blockchain-native share class they actually oversee.
Markets
Oil chaos sends crypto and equities in opposite directions
Nine days of tanker standstill at the Strait of Hormuz removed 20M barrels daily from global supply.
Oil surged to $120 on Sunday before plunging to around $85 Monday morning after G7 nations announced plans to release petroleum reserves.
Wall Street opened lower on Monday, but crypto diverged sharply from traditional risk assets.
BTC climbed near $69K, ETH pushed above $2K, SOL traded around $85, and XRP touched $1.37.
Bitcoin ETF flows drop to $619M as spiking oil prices rattle risk assets
Bitcoin ETFs pulled in $1.44B early last week, then gave back $829M as oil chaos hit.
The net result was a modest $619M in weekly inflows.
Analysts warn that sustained triple-digit oil prices could keep dragging on risk appetite across all asset classes.
US Treasury tells Congress crypto mixers have legitimate uses
The Treasury's new 32-page report marks a sharp reversal from its 2022-era crackdown on mixing services.
The agency now recognizes mixers protect personal wealth and business payments on public blockchains.
Compliant custodial mixers still report to FinCEN, drawing a clear line between privacy and evasion.
On Our Radar
Crypto's middleman problem: ChangeNOW lets you skip the custodian entirely.
Privacy coin's moment: Zcash landed $25 million to keep the lights on.
Crypto optimism watch: Arthur Hayes sees HYPE hitting $150 by summer on strong fundamentals.
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