Circle shares soared another 2.7% in overnight trading after climbing 25% on Friday. Stablecoins are nearing a breakthrough moment, according to Circle CEO Jeremy Allaire, who likens their current state to the early days of the iPhone — full of untapped potential waiting on better infrastructure and developer tools.

Allaire described stablecoins as “the highest utility form of money ever created” while suggesting widespread developer adoption remains ahead.

Shares of U.S. Steel gained more than 5% in overnight trading. President Donald Trump formally opened the door to approving Nippon Steel Corp.’s purchase of United States Steel Corp., the latest milestone in the long-running saga over the sale of an iconic American firm.

The Trump administration submitted a proposed national security agreement to the companies on Friday and amended former President Joe Biden’s move to block the deal, according to an executive order published by the White House on Friday.

The order clears the sale so long as the companies comply with the government’s terms, also known as a mitigation agreement and common in reviews by the Committee on Foreign Investment in the United States.

Big techs mostly up with Palantir up 2%; Tesla up 1.6%.

Oil stocks shined as president Donald Trump said he believed it’s possible Israel and Iran could reach an agreement to end their conflict, though the two sides may need to continue fighting before they’re ready to broker a peace deal.

“Sometimes they have to fight it out, but we’re going to see what happens,” Trump told reporters at the White House on Sunday as he departed for the Group of Seven leaders’ summit in Canada.

The escalating conflict between Israel and Iran in the oil-rich region has roiled financial markets. Oil climbed early Monday, with Brent crude rising as much as 5.5% in early Asian trading.