Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 65,860.0 | -2.73% |
| Ethereum (ETH) | 1,877.85 | -4.04% |
| Bitcoin Spot ETF | +88.10M | Net Inflow |
| Ethereum Spot ETF | +17.21K | Net Inflow |
| Nasdaq (NAS100) | 24,840.4 | -0.71% |
| S&P 500 (SPX) | 6,909.52 | +0.69% |
| Russell 2000 (RUT) | 2,637.7 | -0.57% |
| U.S. Dollar Index (DXY) | 97.142 | -0.34% |
| VIX Volatility Index | 19.09 | -5.64% |
| U.S. 10-Year Yield | 4.08108 | +0.12% |
| Brent Crude Oil (BRENT) | 71.036 | -0.47% |
| LBMA Gold (XAU) | 5,133.74 | +0.68% |
| LBMA Silver (XAG) | 85.518 | +1.53% |
“Prepared at UTC 07.28 am”
Today’s Key Events
- Fed Member Waller to Speak
- ECB President Lagarde to Speak
- Strategy World 2026 Event
- Strategy BTC and Bitmine ETH Purchase Details
U.S. Customs Halts Tax Collection Following Supreme Court Ruling
The U.S. Customs and Border Protection (CBP) announced that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) would be lifted as of 12:01 a.m. Eastern Time. The U.S. Supreme Court had previously ruled that the tariffs were unlawful. CBP announced in a CMSMS notification sent to carriers that all customs codes based on Trump’s IEEPA would be deactivated. However, Trump imposed a new 15% tariff on a global scale with a different legal basis to replace the tariffs that were overturned by the court.
Possible US Military Action Against Iran
According to reports based on CCTV’s Weibo account, the US may launch a military attack against Iran on February 23 or 24. Sputnik reported that the US press, citing a former CIA official, stated that the risk of military action continues. Iran, meanwhile, announced that it was monitoring movements along the border 24 hours a day. Although both sides have signaled a willingness to negotiate, it is said that the talks expected to take place in Geneva may be the last chance to prevent military conflict.
Trump Raises Global Tariff to 15 Percent
Trump described the US Supreme Court’s tariff ruling as “ridiculous and incompetent” and announced that he was raising the global customs duty from 10% to 15%. Under the new regulation, a 10% tax will be applied to goods imported into the US within 150 days, and the measure will take effect on February 24. The Trump administration stated that it will announce new and permanent tariffs in the coming months. The announcements have reignited concerns about global trade wars.
New Round of Negotiations for Russia-Ukraine
Witkoff, the US President’s special representative, said that Ukrainian and Russian delegations could begin a new round of talks within three weeks. According to the statement, there is a possibility that this process could turn into a high-level summit between Zelensky and Putin. It is considered possible that the summit could take place in a tripartite format with Trump also participating. Zelensky had previously stated that the peace talks should take place in Geneva.
Tariff Statement from the US Trade Representative
U.S. Trade Representative Greer said that despite the Supreme Court ruling, bilateral trade agreements with countries such as the EU and South Korea remain valid. Greer stated that these agreements should be evaluated separately from the global 15 percent tariff. Indicating that other U.S. trade tools would also be in play, Greer announced that contacts would continue in order to reassure trading partners.
Market Anxiety Ahead of Nvidia Earnings Report
A cautious mood prevails on Wall Street ahead of Nvidia’s earnings report next week. Although the company is expected to report strong financial results, its stock price may react only modestly. Growing skepticism about the artificial intelligence sector has dampened investor expectations. Nvidia’s performance could be decisive not only for the company’s shares but also for the technology market in general.
CME Data Points to a Change in Direction for Bitcoin
The decline in net short positions in non-commercial Bitcoin futures positions on the CME from +1,000 contracts to -1,600 contracts indicates that “smart money” is taking a long position. Similar position shifts have been seen before strong price rallies in the past. Bitcoin is currently holding above the 200-week EMA, with analysts noting that the $85,000 level could be tested by April. However, some analysts also point out the risk of a pullback to the $40,000–50,000 range.
SEC Clarifies Net Capital Discount Rate for Stablecoins
U.S. Securities and Exchange Commission (SEC) staff stated in their published FAQ document that broker-dealers can apply a 2% discount to stablecoin positions. Accordingly, a $100 million stablecoin position could be counted as $98 million in net capital. Previously, broker-dealers faced uncertainty about whether a 100% discount would apply to these assets. The clarification provides important clarity regarding the accounting treatment of crypto assets within the financial system.
Bitcoin Strategic Reserve Fund Bill in Missouri
HB 2080, a bill submitted to the Missouri State Legislature, proposes the establishment of a “Bitcoin Strategic Reserve Fund.” The fund is planned to be managed by the state treasurer, with donated Bitcoins held for at least five years. The bill also allows government agencies to accept approved cryptocurrency payments and requires the fund to publish a report every two years. The bill has not yet been passed, and the final terms will depend on the legislative process.
Vitalik Buterin Proposes Transaction Simulation for Ethereum Security
Ethereum co-founder Vitalik Buterin has proposed a system that would allow users to see the results of a “simulation” before a transaction. This system would allow users to evaluate the expected results and risks before confirming the transaction. Buterin also advocated for the widespread adoption of security mechanisms such as spending limits and multi-signature. He emphasized that security is one of the fundamental elements of the blockchain trilemma, alongside decentralization and scalability.
