AUG 11, 2026 · K2 CAPITAL MANAGEMENT

Daily Brief — August 11, 2026

Brent crude rose above $84 a barrel after Iran rejected U.S. talks and failed to reach an agreement to reopen the Strait of Hormuz.

Brent crude rose above $84 a barrel after Iran rejected U.S. talks and failed to reach an agreement to reopen the Strait of Hormuz.

Geopolitics

Iran / Hormuz→ Stable● Changed

Iran rejected U.S. talks and failed to reach an agreement to reopen the Strait of Hormuz, contributing to Brent crude rising above $84 a barrel.
Mohsen Rezaei, an adviser to Supreme Leader Ayatollah Mojtaba Khamenei, was appointed head of the Supreme National Security Council following the resignation of Mohammad Bagher Zolghadr.
Iran stated it is nearing a final pact with Oman to define new shipping lanes but maintains that the U.S. must end its naval blockade and provide compensation.
Adnoc Gas is evaluating the construction of a new LNG export facility outside the Strait of Hormuz to bypass the contested waterway.
President Donald Trump indicated he is prepared to increase economic pressure on Iran rather than initiating new military strikes.
The UK discovered that its new spy drone fleet intended for the Strait of Hormuz has been secretly transmitting data from the drones.

Current situation: The standoff remains a stalemate as Iran leverages the Strait's closure for geopolitical concessions, while the U.S. shifts toward economic pressure and regional actors seek physical alternatives to the waterway.

Israel / Lebanon / Hezbollah→ Stable● Changed

Prime Minister Netanyahu formally rejected the U.S. 15-point peace plan, stating Israeli forces will not withdraw from Gaza until Hamas is genuinely disarmed.
The Israeli military sealed off the West Bank village of Taybeh to non-residents to prevent settler attacks on Palestinians.
U.S. refueling aircraft operations at Ben Gurion Airport continue to decline, with personnel levels dropping to approximately 20.
Internal polling suggests Netanyahu's coalition is trailing significantly, projected at 51-53 of 120 seats, falling short of the 61 needed to govern.
Lebanon has indicted former central bank governor Salameh on new charges of financial crimes.

Current situation: The regional outlook remains fragile and stagnant following the collapse of the U.S.-backed peace plan and intensifying domestic political pressure on the Netanyahu government.

Russia / Ukraine↑ Escalating● Changed

Ukrainian drones struck the Taneco refinery and other targets in Nizhnekamsk, Tatarstan, killing 13 people and wounding 39.
A Russian drone strike on a warehouse in Kharkiv destroyed approximately 8 million books belonging to Ranok, one of Ukraine's largest children's publishers.
Russian army recruiters are utilizing coercive tactics, including snatching men off the street, to maintain manpower.
Russia's Supreme Court barred the Yabloko party, the only registered party opposing the war, from participating in September's parliamentary elections.
A Russian airstrike in Zaporizhzhia injured 13 people, including a child.
Turkey issued a warning to shipping companies regarding the security situation in the Black Sea.

Current situation: The conflict is intensifying as Ukraine extends its reach with deep-strike drone attacks on Russian energy infrastructure, while Russia increases internal political repression and coercive mobilization.

China / Taiwan↑ Escalating● Changed

Taiwan's military conducted simulations on August 10 to repel a Chinese air landing assault on the Penghu Islands and tested the "throttling" of mobile internet for the first time during war games.
Semi-official reports indicate Taiwan plans a record military expenditure of NT$1.1 trillion ($34.1 billion) for 2027.
China's Long March 7 rocket launch failed, according to Xinhua.
Australia is requiring government approval for two parties to sell holdings in a rare earths mining firm to remove Chinese investors.
Chinese humanoid robot makers controlled over 97% of global shipments in the first half of 2026.
U.S. trade enforcement is implementing new measures to target shifting supply chains used by Chinese-linked solar producers.

Current situation: Military tensions are escalating as Taiwan integrates communications disruptions into its defense simulations and commits to record-breaking spending to deter a Chinese assault.

US Politics / Trump→ Stable● Changed

President Trump appointed Will Scharf as White House counsel and held the swearing-in ceremony for the Attorney General on August 10.
Trump Media is reportedly charging trading firms up to $1.2 million annually for expedited access to the President's Truth Social posts.
RFK Jr. is preparing to unveil a plan to close loopholes that allow chemicals in the food supply, while the administration proposes a rule requiring food companies to notify the government about new ingredients.
President Trump extended and narrowed the U.S. Jones Act shipping waiver, limiting it to fertilizer and energy commodities.
Courts in Arizona and California secured wins regarding election rules, and President Trump received permission to revise a $10 billion defamation lawsuit against the BBC.
NORAD jets intercepted two aircraft over restricted airspace near one of the President's golf clubs.

Current situation: The administration continues its institutional consolidation through key legal appointments and regulatory shifts in food safety and shipping, while continuing to face judicial challenges over election rules.

NATO / Europe→ Stable● Changed

Swedish security services reported the disruption of a Russian spy plot.
Austrian authorities broke up a sanctions-evasion scheme used to supply the Russian arms industry.
U.S. Defense Official Colby stated that NATO has grown significantly stronger under the Trump administration.

Current situation: European security remains strained by persistent Russian hybrid threats and espionage, though U.S. officials maintain that the alliance's structural strength is increasing.

BRICS / Global South↑ Escalating● Changed

Iran stated that the defense pact between Saudi Arabia, Pakistan, and Turkey signals a regional shift away from U.S. security guarantees.
The IRGC announced that its missiles have been upgraded with mid-flight course-correction capabilities to evade air defense systems.
Saudi Arabian crude exports fell by 460,000 barrels per day in July to 4.19 million barrels per day.
China condemned India's formal naming of 27 sites in a disputed border region.
In India, police used water cannons to disperse thousands of youth protesters in Jharkhand who were protesting alleged irregularities in public service recruitment exams.
A factory fire in Riyadh killed 16 Bangladeshi migrant workers.

Current situation: Regional instability is escalating as Iran highlights a waning U.S. security influence and upgrades its missile capabilities, while border disputes between India and China resurface.

Other Geopolitics● Changed

A magnitude 6.7 to 7.1 earthquake struck western Colombia and Bogota, killing at least 22 people and destroying buildings across several cities.
A North Korean hacking group has developed large language model (LLM) tools to automate cyberattacks and create more convincing phishing campaigns.
The U.S. and South Korea are conducting military drills in response to evolving North Korean threats.
China is utilizing the "Ice Silk Road" through the Arctic to bypass traditional shipping chokepoints.
Myanmar's military-backed government rejected the ASEAN bloc's special envoy following a visit by the leader to Thailand.
Shein is reducing its warehouse operations in Vietnam near Ho Chi Minh City due to U.S. tariff changes and a reliance on Chinese suppliers.
Yemeni air defenses repelled a Houthi drone attack in Al-Makha.

Macroeconomics

Fed / US Monetary Policy→ Neutral● Changed

White House National Economic Council Director Kevin Hassett stated that if he were at the Federal Reserve, he would either hold or cut interest rates.
Cleveland Fed President Beth Hammack stated that the current interest rate is not meaningfully restricting the economy and suggested that a number of rate hikes, possibly exceeding 25 basis points, may be necessary to reach the 2% inflation target.
President Trump reported speaking briefly with Fed Chair Kevin Warsh last week, while emphasizing that Warsh must collaborate with the broader Fed board.
President Trump gave Fed Governor Lisa Cook three weeks to respond to mortgage fraud allegations prior to the September Fed meeting, though Kevin Hassett ruled out replacing her if she is removed.
Fed Chair Kevin Warsh has completed the divestment of all remaining financial holdings according to government ethics filings.

Current situation: Internal Fed divergence is widening as President Hammack pushes for further hikes while political pressure from the White House shifts toward a hold-or-cut bias.

BOJ / Japan↑ Tightening● Changed

The U.S. government joined Japan in a rare coordinated yen-buying intervention after BOJ Governor Kazuo Ueda signaled a potential interest rate hike as early as September.
The Japanese yen surrendered nearly half of the gains achieved during the joint U.S.-Japan intervention.
10-year JGB yields rose to 2.805%, 5-year yields rose to 2.090%, and 2-year yields rose to 1.615% amid expectations of a faster pace of rate hikes.
Growth Strategy Minister Minoru Kiuchi stated that Japan's spending plans will provide a long-term boost for the yen.

Current situation: Normalization efforts are accelerating as the BOJ signals a September hike, triggering a rare coordinated currency intervention with the U.S. to stabilize the yen.

US Economic Data↓ Deteriorating● Changed

The U.S. labor force shrank by 264,000 people in July, with over 2.1 million workers exiting the labor force since November.
The share of adults working or looking for work declined to 61.4% in July, and unemployment among workers aged 20–24 reached 7.1%.
U.S.-based employers announced plans to add 16,095 jobs in July, a 47% increase from June's 10,933.
Women now hold more U.S. payroll jobs than men, a trend that has occurred only twice previously, during the Great Recession and just before the pandemic.
July U.S. container imports reached the fourth-highest level on record.
Kalshi traders are pricing July CPI at 3.3% ahead of the upcoming release.

Current situation: Despite strong hiring intentions and record import volumes, structural labor market weakness is intensifying as a significant number of adults exit the workforce.

European Economic Data→ Stable● Changed

Finland's June industrial production rose 4.5% year-on-year and 2.1% month-on-month.
Norway's July CPI rose 3.0% year-on-year, exceeding the 2.8% estimate, while PPI including oil surged 23.4% year-on-year.
Sweden's June industrial orders grew 32.3% month-on-month and 29.9% year-on-year.
Eurozone Sentix investor confidence for August rose to 0.9, beating the -0.5 estimate.
UK BRC sales like-for-like for July grew 1.0%, trailing the 1.5% estimate.
Severe drought conditions have been declared across most of England as Europe enters its fifth heatwave of the year.

Current situation: Economic performance remains fragmented; strong industrial data from Finland and Sweden and improved investor confidence are countered by rising inflation in Norway and climate-driven agricultural risks.

China / EM Economic Data↑ Improving● Changed

Singapore raised its 2026 GDP growth estimate to 4.5%-5.5% from 2%-4% after Q2 GDP grew 5.9% year-on-year.
South Korea posted a provisional trade surplus of $1.80 billion for August 1-10, with exports increasing 45.3% year-on-year.
China's vehicle exports reached a record 1 million units last month, though domestic sales fell 15% year-on-year from January to May.
China is imposing anti-dumping duties on pecans imported from the US and Mexico.
Brazil's beef imports to China reached 90% of the country-specific quota as of August 10.
The Reserve Bank of Australia maintained its cash rate target at 4.35%, forecasting trimmed mean inflation to remain above 3% until mid-2027.

Current situation: Momentum is improving as AI-driven trade boosts Singaporean growth and Korean exports surge, despite structural weaknesses in China's domestic vehicle market and ongoing trade friction.

Oil / Energy Markets↑ Rising● Changed

Brent crude rose above $84 a barrel as Iran rejected U.S. talks and no agreement was reached to reopen the Strait of Hormuz.
Saudi Arabia's crude exports fell by 460,000 barrels per day in July to 4.19 million barrels per day.
U.S. Strategic Petroleum Reserve stocks fell by 6.1 million barrels last week to 298.7 million barrels, the lowest level since 1983.
U.S. natural gas futures rose 5% to a two-week high on increased LNG export flows and shifting weather forecasts.
European gas prices increased up to 10.1% to €61.14/MWh.
An oil leak from the tanker Caroline Bezengi off the coast of Oman has spread over 390 square kilometers.
Supertanker hire costs for the Middle East-to-China route approached $500,000 per day due to war risks in the Strait of Hormuz.

Current situation: Upward pressure is intensifying as the failure to reopen the Strait of Hormuz and record-low U.S. strategic reserves drive prices higher amid escalating geopolitical risk.

Gold / Metals / Commodities↑ Rising● Changed

Gold prices pushed through $4,400 per ounce, supported by ETF inflows and central bank buying.
Spot silver rose more than 3% to $65.53 per ounce.
Barrick Mining reported Q2 2026 revenue of $5.29 billion and gold sales volume of 801,000 ounces.
The Chilean government will allow state-owned Codelco to retain its entire 2025 profit of approximately $2.42 billion to reduce debt.
Glencore reportedly has more than $500 million in exposure to iron ore trader Radiant World.
The U.S. is backing an Australian rare earth miner to reduce reliance on China.

Current situation: The rally in precious metals is accelerating toward new highs, while industrial metals remain volatile due to supply constraints and corporate exposure risks in iron ore.

Agricultural Commodities→ Stable● Changed

US wheat futures reached a one-week high due to Black Sea shipping disruptions.
Record-low Danube levels are restricting grain flows through Romania.
Malaysia's July crude palm oil production increased 9.41% from June to 1.79 million tons, with exports jumping 14.5% to 1.39 million tons.
Kenya plans to import one million 90-kilogram bags of corn to replenish reserves following a crop failure.
India is considering limiting the use of sugarcane for ethanol to lower record-high sugar prices.
Russia will provide 10 billion roubles to increase rail exports of agricultural products.

Current situation: The market is balanced as shipping constraints in the Black Sea and crop failures in Kenya support prices, while increased palm oil production and Indian sugar policy provide a counterweight.

USD / FX / Currencies→ Stable● Changed

The Japanese yen weakened 1% to 159.35 per US dollar as the impact of joint US-Japan interventions faded.
Japan posted its first current account deficit in nearly 1.5 years.
The US dollar climbed from a two-month trough, supported by rising oil prices and anticipation of CPI data.
Australia's foreign reserves rose to A$106.7 billion in July from A$102.5 billion.
India's forex reserves continue to rebuild toward record levels to buffer against volatility.

Current situation: The dollar is recovering from its recent trough as the primary effects of the historic yen intervention dissipate and oil-driven inflation risks resurface.

US Fiscal / Debt / Credit↓ Deteriorating● Changed

Average 30-year fixed mortgage rates rose to 6.69%, the highest level since July 2025.
A record pace of investment-grade bond issuance continued on Monday with 19 firms entering the market.
Data indicates 43% of private-sector workers aged 34-44, 41% aged 45-54, and 40% aged 55-65 have no retirement plan.
Duke Energy Corp plans to sell $1.75 billion in equity units to pay down debt.
Private credit is showing increasing signs of stress according to recent quarterly reports from major fund managers.

Current situation: Financial stability is weakening as housing affordability hits a one-year low and structural gaps in retirement savings persist alongside rising stress in private credit markets.

Markets

US Indices↓ Risk-off● Changed

JPMorgan raised its S&P 500 year-end forecast to 8,000 from 7,800, while CFRA increased its 12-month target to 8,650.
US stocks closed lower on Monday, with the Nasdaq falling approximately one-third of a percent as rising crude oil prices sparked inflation concerns.
Hedge funds continued to purchase U.S. stocks at record levels for the second consecutive week.
Market activity on Monday remained largely flat, with gains in energy offsetting weakness in tech and defensive sectors.
Investors expressed declining demand for stock protection, reaching the lowest level since the previous year's tariff capitulation.

Current situation: Despite aggressive upward target revisions from major banks and sustained hedge fund buying, the market has shifted toward a risk-off posture as fading hopes for a Hormuz deal and rising energy costs trigger inflation fears.

European / Asian Indices→ Neutral● Changed

The Nikkei gained 2% driven by an AI stock rally, though Middle East tensions limited further upside.
Singapore's STI reached a record high of 5,748.28.
Japan Inc. reported a 70% jump in quarterly profits attributed to AI spending and a weak yen.
Taiwan's stock market jumped more than 2%, and Seoul shares opened higher Monday before declining following US market losses.
Hong Kong's main technology stock benchmark is undergoing a revamp to include more companies in the robotics and AI sectors.

Current situation: Asian markets remain generally buoyant on AI-driven growth and corporate profits, but are increasingly susceptible to volatility stemming from US market performance and geopolitical tensions.

AI Chips / Semiconductors↓ Risk-off● Changed

Intel announced a proposed $15 billion common stock offering to fund its AI buildout, causing shares to drop 5%.
Sony and TSMC are in talks to invest approximately $6.3 billion to $6.4 billion in a joint advanced image sensor plant in Kumamoto, Japan.
TSMC reported July monthly sales of NT$467.58 billion, a 44.7% increase year-over-year.
South Korea plans to launch a $3.5 billion chip fund and is seeking to relocate a military airbase by mid-2028 to support a chip cluster.
TrendForce projects that the combined shipment share of NVIDIA, AMD, and other foreign suppliers in China will shrink to roughly 10% by 2026.

Current situation: While demand for AI hardware remains robust as evidenced by TSMC's sales, the sector is facing increased pressure from Intel's massive capital raise and accelerating Chinese domestic substitution.

Big Tech↓ Risk-off● Changed

Jefferies downgraded Apple to Underperform from Hold and cut its price target to $263.66 from $285.56, contributing to a 2.5% share price drop.
TrendForce reports that iPhone 18 Pro component costs are expected to surge by 38%, which Apple may absorb to stabilize shipments.
Meta resumed the release of open-source AI models, launching Muse Glimmer, a 30B parameter model capable of running on a single consumer GPU.
Microsoft plans to unveil its next-generation Maia 300 AI chip in September.
Google integrated agentic experiences and AI into Google Ads and Google Analytics.

Current situation: The narrative is diverging as Meta aggressively pivots toward open-source dominance and Google expands agentic tools, while Apple faces mounting bearishness due to rising hardware costs and analyst downgrades.

AI Companies↑ Risk-on● Changed

OpenAI bought back approximately $7 billion of employee shares through a secondary tender instead of seeking outside investors.
OpenAI introduced "Premium Seats" for ChatGPT Business at $125 per user monthly, or $100 annually, offering five times the usage of standard seats.
Anthropic entered a $9.1 billion deal with Riot Platforms for AI data center compute and partnered with Macquarie and GIC for further data center development.
SpaceX shares climbed back above its IPO price, surging 30% over three days.
OpenAI expanded its Daybreak program to include "Daybreak Blue," providing access to frontier models including GPT-5.

Current situation: AI leaders are aggressively scaling infrastructure and monetization, with OpenAI's massive share buyback and Anthropic's multi-billion dollar compute deals signaling high internal confidence.

Defense / Aerospace→ Neutral● Changed

The U.S. Navy is planning advanced weapons upgrades for 19 Virginia-class submarines.
Boeing is selling its Wisk Aero, SkyGrid, and Insitu subsidiaries to Archer Aviation in exchange for a nearly 20% equity stake in the company.
British startup Cambridge Aerospace raised $300 million at a $3.4 billion valuation to develop low-cost drone and missile interceptors.
South Korea's Hanwha has made a preliminary offer of up to $850 million to acquire Austal's U.S. shipbuilding operations.
Deutsche Bank analysts state that SpaceX's target of $100 billion in annual recurring revenue by year-end appears achievable.
Vietnam's VinSpace signed a contract with SpaceX to launch its first satellites next year, with further plans for a 2027 launch.
Rocket Lab reported revenue of $234 million and EPS of -$0.08, but shares fell after the company signaled potential delays for its Neutron rocket, possibly pushing its debut to 2027.
A Chinese Long March-7A rocket exploded shortly after liftoff due to a flight anomaly.
The head of a European space agency warned that Europe faces a rocket launcher shortage by 2030.
Sunrise Energy secured long-term debt financing from the U.S. Department of War.

Current situation: Procurement and strategic consolidation continue as the U.S. upgrades submarine capabilities and Boeing pivots its urban air mobility assets, though technical setbacks for Rocket Lab and China highlight ongoing launch risks.

Financials / Banks↑ Risk-on● Changed

Wall Street firms, including Goldman Sachs, KKR, and Brookfield, have partnered with Nvidia on a $500 billion AI financing deal.
Morgan Stanley intends to facilitate approximately $1.5 trillion of investment activity over 10 years to support U.S. innovation and infrastructure.
Deutsche Bank has been appointed as the clearing bank for China's renminbi in Europe.
JPMorgan led a $441 million debt financing round for tech firm Global AI to expand data center capacity.
Revolut obtained a French banking license following approval from the ECB and France's ACPR.
RBC and BMO agreed to sell Moneris to Francisco Partners for $1.44 billion.
Japan's Financial Services Agency is discussing legislative amendments to loosen lending rules to ease startup fundraising.
UniCredit and Commerzbank have reportedly begun talks regarding a change in control.
The Goldman Panic index dropped from the 90th percentile to the 0th percentile within one week.

Current situation: Financial activity is shifting toward massive, coordinated AI infrastructure funding and strategic cross-border expansions, signaling a strong risk-on appetite among major global lenders.

Earnings / Corporate● Changed

Tabcorp agreed to acquire wagering technology provider BetMakers for an enterprise value of approximately A$267 million.
I Squared agreed to buy Australian outdoor advertising firm oOh!Media for an equity value of A$898 million.
Treasury Wine flagged a post-tax writedown of A$558.4 million ($395 million) due to supply chain issues, sparking reports the company could exit the U.S. market.
GameStop's Ryan Cohen is reportedly considering withdrawing a $56 billion bid for eBay.
Blackstone-owned Safe Harbor is nearing a $1.5 billion deal to acquire MarineMax.
Cloudflare proposed a private offering of $2.175 billion in convertible notes.
Rakuten reported its first net income in six years, driven by growth in fintech and e-commerce.
Philippine billionaire Ramon Ang agreed to purchase a 25.7% stake in the Lopez conglomerate.
Unitree Robotics, a Chinese humanoid robot maker, opened its IPO books in Shanghai amid high retail demand.
Shein is preparing for an IPO with a projected valuation between $22 billion and $25 billion.

Current situation: Corporate activity is defined by large-scale M&A in the advertising and gaming sectors, contrasted by significant impairments at Treasury Wine and speculative volatility surrounding GameStop's bid for eBay.

Nuclear / Energy Transition↑ Risk-on● Changed

BlackRock CEO Larry Fink stated that the U.S. will need over 70 gigawatts of power to fuel AI.
South Korean President Lee urged the nation to expand its focus toward small modular reactors beyond chips and AI.
Samsung SDI and GM are planning the development of prismatic batteries for next-generation electric vehicles.
Hawaiian Electric received PUC approval for an integrated grid planning RFP for renewables and storage to retire aging power plants.
European nuclear plants were forced to reduce output this summer due to heat waves, drought, and wildfires, contributing to losses of hundreds of billions of euros.
South Korean and Swedish nuclear watchdogs held a coordination meeting in Seoul.

Current situation: The energy transition is accelerating as AI's massive power requirements drive a renewed strategic pivot toward small modular reactors and modernized grid infrastructure.

Bonds / Yields→ Neutral● Changed

U.S. investment-grade bond issuance reached a seven-month peak on Monday, with 19 firms issuing debt.
The U.S. 2-year/10-year yield curve hit its steepest level since late May at 45.7 basis points.
The U.S. SEC has exempted certain data center bonds from key securitization rules.
IBM entered the Canadian bond market for the first time in 14 years.
Royal Bank of Canada's asset management unit is launching a $10 billion bond fund to target new high-yield debt issuance.
Hyperscaler bond spreads have widened significantly, approaching all-time highs.
South Korea auctioned 3-year Treasury bonds at a yield of 3.780%.

Current situation: Bond markets are seeing a surge in corporate issuance and steepening yield curves, while regulatory exemptions for data center debt attempt to facilitate AI-driven capital expenditures.

Crypto

Bitcoin→ Neutral● Changed

US-listed Bitcoin ETFs recorded weekly inflows exceeding $850 million, marking the strongest performance since April.
Trump Media disclosed holdings of 14,139 Bitcoin valued at $905 million.
Kazakhstan is considering Bitcoin as part of a broader strategic effort to facilitate oil exports via Azerbaijan amid CPC disruptions.
Market volatility continued as Bitcoin faced selling pressure alongside Big Tech and bonds due to rising US-Iran tensions.
Michael Saylor disclosed using ChatGPT to help design a new Bitcoin-based preferred stock.

Current situation: The market is characterized by a stark divide between strong institutional ETF inflows and corporate accumulation versus macroeconomic headwinds driven by geopolitical brinksmanship.

Whale Movements● Changed

Marathon Digital sold 23,093 BTC worth over $1.6 billion.
MicroStrategy sold 1,690 BTC at an average price of $64,262, totaling $108.6 million.
MicroStrategy utilized the proceeds from Bitcoin sales and $653 million raised from share sales to repurchase 1.15 million STRC preferred shares.

Crypto Regulatory / Institutional→ Neutral● Changed

The UK regulator is developing a framework for tokenized gold and encouraging the use of blockchains to improve financial market efficiency.
Robinhood began offering cryptocurrency trading access to users in the UK.
The US SEC charged Netcapital with fraud for allegedly inflating revenue and settled charges against Adit Ventures regarding pre-IPO investment fraud.
Grayscale withdrew proposed ETF registrations for Cardano, Polkadot, and Hedera from SEC review.
White House official Patrick Witt stated the administration is fully committed to passing the Crypto Clarity Act in September.
Kalshi partnered with Nasdaq to enhance its trade surveillance capabilities.

Current situation: While the US legislative outlook remains uncertain with a delayed vote, the UK is aggressively pivoting toward infrastructure digitization to offset banking sector resistance.

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