According to @CNBC, Ukraine peace talks are shifting to Moscow and it remains unclear whether President Putin will participate, source: @CNBC. Geopolitical risk shocks are associated with higher asset volatility, making the timing and outcome of the talks market-relevant, source: Federal Reserve Board (Caldara and Iacoviello, Geopolitical Risk Index). Crypto increasingly trades like a risk asset alongside equities during shocks, so traders should monitor Brent crude, European natural gas, EUR and regional FX, and volatility in BTC and ETH into the talks window, source: International Monetary Fund (Global Financial Stability Report).

According to Lex Fridman, a mass drone attack occurred very close to his location in Moscow, emphasizing the ongoing geopolitical tensions rather than movements towards peace. Fridman, who is traveling to Saudi Arabia soon, also mentioned similar close calls during his travels in Ukraine, suggesting a pattern of instability in these regions.