Nuburu stock climbed 13% after its Ukraine-focused defense project with Tekne and BERYL entered production. The GRAELION vehicle prototype is now manufacturing, with expected Phase 1 revenue between $5.7 million and $11.5 million. The company projects long-term potential could reach $140 million, signaling a rebound after recent steep losses.

Iran's oil facilities in South Pars and Asaluyeh were attacked on Wednesday, prompting Tehran to warn that it would target energy installations across Saudi Arabia, UAE and Qatar. Oil prices jumped on the news, with Brent crude futures gaining over 5.1% ​to $109.42 per barrel. The war in Middle East has disrupted global oil supply, driving prices to record highs.

Senator Tim Scott expects a new stablecoin yield proposal this week to break the CLARITY Act deadlock. The bill is stalled amid debate between banks fearing deposit flight and crypto firms seeking adoption incentives. Scott hopes this compromise will unblock the Senate impasse as the crypto market faces declines.

Block shares rose after Truist and Rothschild upgraded the stock, citing Cash App growth and margin expansion. These upgrades follow Block's 40% workforce reduction aimed at improving efficiency through AI. CEO Jack Dorsey noted that restructuring led to simpler processes. Analysts see earnings-per-share upside despite the stock being down 7% year-to-date.

PSU (Public Sector Undertaking) stocks have lost nearly ₹6 lakh crore in market value since late February, as war in West Asia disrupted global energy supply, driving the prices higher, Mint reported. Oil companies like Bharat Petroleum and Indian Oil saw their shares decline over 20% during this period. Shares of PSU banks fell in the 11% to 16% range.

Bitcoin fell below $72,000, ending its longest winning streak in over two years. The price dropped 2.3% to $71,990, pulling the crypto market below $2.6 trillion. Ethereum, Solana, and Cardano led the decline, while liquidations wiped out nearly $300 million in leveraged trades.

Ondas Inc. and Heidelberger Druckmaschinen AG launched the ONBERG Autonomous Systems joint venture to advance drone defense solutions in Europe. Formalising a previous agreement, the partnership will initially focus on securing critical infrastructure and national security assets in Germany and Ukraine. Despite the strategic move, Ondas stock edged 0.1% lower in morning trading.

S&P Dow Jones Indices licensed Trade[XYZ] to launch the first official S&P 500 perpetual contract on Hyperliquid. This on-chain product allows eligible non-US investors to gain leveraged exposure. Hyperliquid's token rose over 2%, while retail sentiment shifted to neutral. This is the first time a major equity index has been available as a licensed perpetual derivative.

Economist Peter Schiff warned that US debt could hit $50 trillion amid rising interest rates and military costs. He noted the national debt has surpassed $39 trillion, increasing by $2.8 trillion since Trump assumed office 14 months ago. Schiff's warning arrives as US wholesale prices climbed sharply in February, indicating persistent inflation.

AIM ImmunoTech Inc (AIM) stock surged more than 100% in pre-market trading after a Japanese patent for its Ampligen cancer treatment was fully approved. The patent covers using Ampligen with checkpoint inhibitors for various cancers, including pancreatic. Valid until 2039, the approval followed a six-month opposition period. AIM holds similar patents in the US and Netherlands.