Cryptos Surging During Iran War, HYPE Heats Up, Palantir & Polymarket Partner Up

Crypto majors are rallying as Oil falls 30%; BTC +5% at $70.6k; ETH +4% at $2,060; SOL +4% at $87. DEXE (+18%), TAO (+8%) and CHZ (+5%) led top movers. Oil fell to $85 on Monday after peaking over $115 on Sunday night, down 30%. Arthur Hayes published his “$HYPE Man” thesis Monday, calling Hyperliquid the “highest quality project in all of crypto” and setting an August price target of $150 (~5x from ~$30). Polymarket’s U.S. recession odds climbed to 41% Monday amid rising geopolitical risk and macro headwinds (now back to 29%). Block CEO Jack Dorsey said Block will support stablecoins despite his objections because “our customers want to use them”.