KEY NEWS & TRENDS:
REGULATORY MILESTONE:
Japan has officially moved to classify cryptocurrencies as financial products, sparking optimism for wider institutional adoption.
HONG KONG STABLE COINS: A group led by HSBC and Standard Chartered secured Hong Kong's first stablecoin licenses under the new Stablecoins ordinance.
GEOPOLITICAL FOCUS: Traders are closely watching a potential U.S.-Iran ceasefire over the weekend, which has helped reduce oil price volatility and fueled a relief rally in risk assets.