ZETA contract surges 56% in 24 hours, followed closely by ALCH which also climbed 51%, and FORM not to be left behind, rising 43%. The three coins today are basically like they’re riding a rocket—on the contract market, the frenzy of smaller-cap coins is far more lively than the broader market.

The governor of Texas suddenly halted all data center permit approvals, saying they’ll wait until ERCOT finishes its audit before proceeding. On the surface, this looks like an energy issue, but in reality it’s choking off the neck of AI computing power expansion. Tokens like $FORM , which are directly tied to decentralized computing power, are jumping for a reason.

What’s interesting is that Iran’s foreign minister ran to New York to attend the UN General Assembly—geopolitics has tightened up again along this front. $XAU has been quietly climbing a lot recently, while $CL on the oil price side hasn’t moved much; what the market is betting on is actually pretty clear.

With ZETA’s surge, trading volume is already almost $300 million, but there’s one on-chain detail I haven’t fully figured out yet.