The equity markets are barely moving, with the DAX eking out a modest rise and the broader indices stuck in consolidation while a few commodity‑linked stocks like Hindustan Zinc surge on record silver prices. In crypto the mood is bruised: after a $150 billion memecoin peak the sector is in quiet capitulation, XRP is clinging to a key support level under analyst warnings of a higher‑timeframe break, and Bitcoin’s next move hinges on whale activity rather than any fundamental catalyst. Yet regulatory wins—HashKey’s oversubscribed HKEX debut, CoinGate’s MiCA license in Lithuania, and Binance’s top‑tier Abu Dhabi licence—inject a sliver of bullish conviction into the market. Overall, traditional stocks are flat‑to‑slightly up, but crypto is under clear downside pressure despite the occasional positive headline.