According to Fox News on Twitter, Sec Noem honored 11 fallen American heroes, emphasizing their commitment to defending the nation. While this event is primarily of national significance, it often leads to increased attention on the US defense sector, which can drive trading volume in defense-related stocks. Historically, heightened focus on defense and national security can also influence market sentiment, leading to temporary safe-haven flows into stablecoins and established cryptocurrencies as investors seek to hedge against potential geopolitical volatility (source: Fox News, May 17, 2025).

According to Richard Teng, the recent sharp drops in cryptocurrency and equity prices are driven by macroeconomic factors and should not be seen as indicative of a long-term negative trend. He emphasizes that potential Federal Reserve rate cuts and ongoing geopolitical volatility could lead to significant market fluctuations.