๐ Global & Macro: Brent crude broke above $107/bbl as oil prices extended gains, driven by supply-side pressures and geopolitical tensions. Meanwhile, US storage stocks deepened losses, with SanDisk plunging 6.74% and Micron dropping over 4% amid persistent pressure on memory chip equities.
๐ฆ RWA & Institutional: No major RWA or institutional developments in this hour.
โก Crypto & Markets: AI computing operator KONST raised $30M in Series B funding led by ADATA Technology, signaling continued investor appetite for AI infrastructure plays.
๐ก Key Takeaway: Energy costs surge while storage chips sell offโrising input costs are squeezing tech margins, but AI infrastructure funding remains robust.