Crypto majors are green, up 1-4%; BTC +2% at $80.7k; ETH +1.5% at $2,375; SOL +1% at $85; HYPE +5% at $43.5. TON (+35%), Morpho (+12%), and ZRO (+9%) led top movers. Oil -1% at $104; Gold -0.3% at $4,40. Stock futures are slightly green as treasury yields ease, ships pass in Hormuz. GameStop submitted a non-binding $55.5 billion offer to acquire eBay at $125/share, 50% cash, 50% GME stock, with $20B in TD Bank financing and $9.4B in cash on hand; CEO Ryan Cohen’s pitch is that eBay under tighter cost controls becomes “a legit competitor to Amazon”. Kraken parent Payward completed its $550 million acquisition of Bitnomial Monday, securing all three CFTC licenses (DCM, DCO, and FCM), making it the only crypto-native firm with the full US derivatives stack. Bullish announced that it’s going to tokenize its entire cap table today at Consensus, and then also announced an acquisition of Equiniti for $4.2B.