Geopolitical Tensions Flare, Asian Markets Plunge, Gold Slides

Market News
1. Geopolitical tensions escalate as Iran reportedly fired missiles at ships in the Strait of Hormuz.
2. South Korea's KOSPI index plunged 7% and Japan's Nikkei extended its fall by 1.9%, highlighting significant Asian market weakness.
3. Spot gold prices fell nearly 1%, while Ondo Perps launched stock perpetual contracts with up to 20x leverage.