Back from Tokyo after TeamZ. My biggest takeaway: the noise is lower, but the real builders are still moving. BTC nearly touched $73k again, and stablecoins are pushing deeper into banking rails, with Swiss banks now testing use cases for a Swiss franc stablecoin. As risks around Iran and the Strait of Hormuz begin to ease, BTC is moving higher, stablecoins keep gaining traction, and sentiment and risk appetite are returning.(Ciara Sun)