The SEC is reportedly leaning toward allowing third-party platforms to tokenize stocks without issuer consent, a reversal from January guidance. This could unlock a $30 billion market, benefiting platforms like Hyperliquid, which surged 5% to $48. Separately, Iran launched "Hormuz Safe," a Bitcoin-based maritime insurance platform for sanctioned shippers, bypassing SWIFT. In prediction markets, a Bubblemaps investigation revealed nine linked Polymarket accounts won $2.4M on Iran bets with a 98% win rate, suggesting potential insider trading. Meanwhile, Citi warned Bitcoin faces greater quantum risk than Ethereum due to slow governance. Macro markets are mixed as Bitcoin remains flat at $76.8k.

Key facts

• SEC reportedly allows third-party tokenized stocks without issuer consent, reversing January guidance.
• Hyperliquid (HYPE) rises 5% to $48 on SEC news; tokenized securities market now $30B.
• Iran launches 'Hormuz Safe' Bitcoin maritime insurance for sanctioned shippers.
• Nine Polymarket accounts win $2.4M on Iran bets with 98% win rate; insider trading suspected.
• Citi warns Bitcoin faces greater quantum risk than Ethereum due to slow protocol upgrades.

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