We are pleased to report that Corvan Capital Holdings has maintained its disciplined approach through the quarter, with our core engines — proprietary trading in crypto derivatives and global futures — operating fully within the firm's four-layer risk framework.

Every position taken by the firm this period was entered through our pre-trade gates, monitored by continuous risk surveillance, and reconciled against its original thesis in the weekly review. Where the discipline and the outcome diverged, the discipline prevailed — as it must.

As always, we remain committed to the principle that discipline precedes outcome, and that the fortress we build today is the foundation for the generations that follow.