ROLLUP: Markets at ATHs | Saylor’s STRC Bid | Trump DeFi Scandal | SEC Clears DeFi

Markets rebounded sharply this week, with the S&P 500 and Nasdaq hitting new all-time highs after erasing a 10% Iran war dip from early April. Equity recovery tied to maintained ceasefire, U.S. Navy securing the Strait of Hormuz (blocking Iranian ships but allowing others), record U.S. oil exports, and economic pressure on Iran via blocked oil and food trade—90% of its $110B annual trade affected, fueling hyperinflation. Oil (WTI) eased to $91/barrel from $110 peaks but stays elevated. Crypto lagged equities: Bitcoin ranged $65K-$75K (up 11.7% from war start, 19% from February lows), Ether $1.9K-$2.35K. Bulls like Raoul Pal cited rising global liquidity (97% Nasdaq correlation), Michael Saylor's long-term BTC optimism, and Matt Hogan's "bunker coin" view amid chaos. Bears like Michael Nattof pointed to tapering liquidity, mild on-chain winter signaling unfinished correction; Ben Cowen doubts 2026 bull even post-S&P highs. Consumer sentiment hit record lows (54% say finances worse YoY), echoing 2022 "vibe session," amid AI uncertainty and wealth gaps.