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Jefferies expects a surge in crypto and blockchain-related listing activities over the next two years and predicts that this sector could become a 1 trillion USD public market within five years. Institutional investors are shifting from Bitcoin price speculation to integrating blockchain infrastructure into core financial systems, including tokenized money market funds, private credit, and settlement networks. Traditional financial firms are collaborating with crypto-native service providers to leverage blockchain for faster settlements, higher capital efficiency, and low-cost 24/7 payments. Stablecoins and tokenized payments are seen as key growth areas in the near term.

Canadian domestic pension funds, which used to seek investment opportunities overseas, are now increasingly turning their attention to the domestic market. They express optimism about Canada’s prospects, attributing it to the impetus of the new pro-business government and Canada’s unique status as an oil exporter.

The draft of a peace agreement between the US and Iran has been revealed, and LME aluminum futures prices dropped in response. However, with the White House indirectly denying Iran's state TV reports regarding the memorandum of understanding draft and Middle Eastern aluminum plants maintaining extremely low production levels, among other offsetting factors, how should the aluminum market interpret this?