Hey everyone, I'm Jennifer Sanasi and this is CoinDesk's public keys at the New York Stock Exchange.

This show is all about crypto in the public markets, from IPOs and digital asset treasuries

to ETFs and the biggest market moving headlines. Over the next half hour,

we'll break down the president's 48-hour ultimatum to Iran that's rattling global markets.

Look at how crypto can fit into your retirement portfolio and take a closer look at the rise of staking

ETFs. All right, let's get into it and take a look at the weekend discourse and how it's

impacting crypto markets in our weekend recap.

President Donald Trump took to truth social on Saturday with a 48-hour ultimatum to Iran,

demanding it reopened the Strait of Hormuz or face U.S. strikes on key power plants.

Crypto markets reacted swiftly with Bitcoin erasing last week's rally,

sliding to below $69,000

as fears over disruption to a critical global oil route hit risk assets.

The move triggered roughly $299 million in crypto liquidations in just 24 hours,

with about 85% hitting bullish long positions.

With the deadline looming geopolitical risk is overshadowing, even the Fed's dovish stance,

setting a tense tone for both crypto and broader markets.

And that tension showed up in the narrative battle around Bitcoin 2.

Investor Anthony Pompliano posted that Bitcoin is the only asset purpose built for when the money printer is turned on,

reinforcing the longstanding view of Bitcoin as a hedge against loose monetary policy.

But the market reaction we saw tells a more complicated story.

When geopolitical risk spikes, Bitcoin is still trading like a risk asset, not a safe haven.

So while the Fed's devish stance should, in theory, support crypto. Bitcoin is still trading like a risk asset, not a safe haven.

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