Regulators delivered sharply mixed responses The UK tapped HSBC Orion to pilot tokenized government bonds, while Poland’s president vetoed MiCA-aligned legislation again, pushing local crypto firms to seek licenses abroad. That divergence is now playing out globally. 6/7

ISRAEL LAUNCHED LARGEST AIR OPERATION IN HISTORY: 200 FIGHTER JETS STRIKE 500 IRANIAN TARGETS The Israeli Air Force conducted its largest-ever combat sortie on Saturday, deploying approximately 200 fighter jets that struck 500 military targets across western and central Iran