One of the silent wars going on right now is the currency war. Wrote this last month on Slice and for a while it was looking like the US was losing the "war" with war stocks up, defensive stocks up, emerging markets up, etc.

But while geo political tensions rise there's some promising signs right now that the pendulum could be swinging back.
$CRCL pushing up is a great sign.
$DXY pushing up is a great sign.
The Whitehouse has an incentive to push crypto and stablecoins and this is why I've changed my mind on thinking we'd never see a Bitcoin strategic reserve to it being an actual possibility. Bessent calling for a 3 trillion stablecoin marketcap probably a bit aggressive but they see the benefits of short dated treasury demand going up because of it.
The US dollar regains strength with national debt slowing, rate cuts, and treasury demand going back up. Stablecoin issuers on path to be in the top 10 largest holder of US debt.
I'm sure people have much more articulate thoughts on this topic or smarter opinions on it but it's something I've been noticing which started with Gold pumping and looking at who was benefiting/been buying up the supply.