According to @StockMKTNewz, citing Bloomberg, Kash Patel told Congress he purchased individual stocks while in office because he saw good investment opportunities in Krispy Kreme (DNUT) and ON Semiconductor (ON), source: Bloomberg via @StockMKTNewz. Because the cited report explicitly names ON and DNUT, traders may monitor these tickers for headline-driven flows today; the report did not mention any enforcement action, company guidance changes, or price reaction, source: Bloomberg via @StockMKTNewz. No direct crypto-market impact was discussed in the report, suggesting limited cross-asset read-through at this time, source: Bloomberg via @StockMKTNewz.

According to @business, hours into his second day of contentious testimony in Congress, Kash Patel sparked one of the more unusual stock rallies of the year. According to @business, the linked report indicates he called Krispy Kreme DNUT a buy, which fueled the surge. According to @business, the post highlights a commentary-driven move that underscores headline risk in single-name equities and draws event-driven trading attention to DNUT. According to @business, the post did not mention any direct impact on crypto markets.