Global markets and commodities experienced significant movement as Sinopec Chairman Hou Qijun stated that China's oil demand very likely peaked last year due to clean energy development and electrification, breaking from previous forecasts. This trend aligned with broader financial rallies as Bitcoin surged to $80,000, reaching its highest level since May following a 38% recovery driven by shifting U.S. Treasury policy and ETF demand, while gold climbed to a three-month high supported by a weaker dollar and Treasury bond buyback plans. In geopolitics, Israeli Prime Minister Benjamin Netanyahu publicly disclosed an Iranian plot to assassinate one of his sons, and U.S. Secretary of State Marco Rubio agreed to close coordination with South Korean Foreign Minister Cho Hyun on North Korea after the cancellation of joint military exercises. Concurrently, the Netherlands' Avrotros broadcaster withdrew from the Eurovision Song Contest over neutrality concerns regarding Gaza, and in domestic developments, a federal appeals court rescinded an injunction limiting U.S. Border Patrol arrests in California's Central Valley while Hyundai Motor reached a tentative wage agreement to end disruptive walkouts.