Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 65,107.0 | +1.51% |
| Ethereum (ETH) | 1,891.52 | +2.14% |
| Bitcoin Spot ETF | +257.70M | Net Inflow |
| Ethereum Spot ETF | +9.20M | Net Inflow |
| Nasdaq (NAS100) | 24,974.0 | +0.05% |
| S&P 500 (SPX) | 6,890.06 | +0.77% |
| Russell 2000 (RUT) | 2,652.8 | +0.05% |
| U.S. Dollar Index (DXY) | 97.357 | -0.22% |
| VIX Volatility Index | 19.55 | -6.95% |
| U.S. 10-Year Yield | 4.03547 | +0.12% |
| Brent Crude Oil (BRENT) | 71.460 | -0.05% |
| LBMA Gold (XAU) | 5,186.77 | +0.88% |
| LBMA Silver (XAG) | 90.364 | +3.75% |
“Prepared at UTC 07.38 am”
Today’s Key Events
- President Trump’s Policy Meeting
- FOMC Members Barkin and Musalem to Speak
- Nvidia and Circle Earnings Report
- Eurozone CPI Data
- German GDP Data
- XPL Token Unlock
Trump Insists on Tariffs
Trump said tariffs will continue to be applied and could replace income tax in the long term. Arguing that Congress does not need to take action on tariffs, Trump described the Supreme Court ruling as disappointing. He also said that legislation preventing members of Congress from trading on insider information should be passed quickly. The administration aims to both increase budget revenues and send a message of political reform through trade policy.
Global 10% Tariff in Effect
Trump’s 10% global customs duty officially took effect on Tuesday, while the schedule for the 15% tariff has yet to be finalized. Many companies, including FedEx, L’Oréal, Dyson, and Bausch + Lomb, have filed lawsuits against the administration for the refund of customs duties. China’s Ministry of Commerce announced that it is closely monitoring the US’s suspension of tariffs under the IEEPA and the application of a 10% additional tax under Section 122 of the 1974 Trade Act. Beijing signaled its intent to keep tensions in check ahead of Trump’s potential visit to China, stating it will adjust its measures regarding fentanyl and reciprocal tariffs at the appropriate time.
Cautious Messages from Fed Officials
Fed members are taking a cautious stance on interest rate cuts in the near term. Cook noted that the risk of unemployment caused by artificial intelligence may not be fully resolved by interest rate policy, while Bostic emphasized that inflation risks are a priority and that patience is needed. Goolsbee said cuts would only be possible if inflation returned to target, while Collins indicated that rates could remain steady for a while. Barkin stated that the current interest rate level is appropriate for managing risks and that tariffs may not fundamentally change inflation dynamics.
US-Iran Talks in Geneva
US representatives and an Iranian delegation will meet in Geneva on Thursday. The option of Iran sending half of its highly enriched uranium abroad and diluting the remainder will be on the table during the meeting. The Tehran administration has stated that it is open to an agreement on the condition that its right to peaceful nuclear enrichment is recognized and sanctions are lifted. The parties’ efforts to keep the diplomatic channel open aim to reduce regional tensions.
ADP Employment Growth Continues
According to ADP data, the average weekly employment increase for the four-week period ending February 7 was 12,750, and previous data was revised upward. Thus, the four-week average increase remained positive for the fourth consecutive week.
The moving average remaining above 10,000 in the last two weeks showed no significant deterioration in the labor market. This picture did not create a significant change in interest rate cut expectations.
El Salvador Bitcoin Curriculum
El Salvador integrated Bitcoin education into its national curriculum by launching the “Bitcoin Diploma 2.0” program on February 24, 2026. The program covers topics such as the Lightning Network, monetary history, the central banking system, and the UTXO model. Approximately three hours of classes are planned per week, and AI-powered educational tools are expected to be implemented in 5,000 schools.
Russia’s Crypto Law is Coming
The draft “Digital Currencies and Digital Rights Law,” prepared by the Central Bank of Russia and the Ministry of Finance, is scheduled to come into effect on July 1. The draft proposes not to allow crypto transactions outside of licensed exchanges and to apply testing and limits for investors. The unauthorized use of foreign platforms may be subject to fines starting in 2027.
White House SBF Statement
The White House reiterated that Trump has no plans to pardon FTX founder Sam Bankman-Fried. It was noted that SBF has not submitted an official pardon request, despite sharing messages of support for Trump on social media recently. The administration emphasized that its current position remains unchanged, consistent with previous statements.
21Shares launched a spot ETF tracking the SUI token on Nasdaq under the ticker TSUI. The new product offers investors direct exposure to the SUI price. This brings the number of SUI-themed ETFs on the market to three.
Ethereum Foundation Begins Staking
The Ethereum Foundation has begun staking a portion of its treasury assets to generate returns. This step is in line with its plan to gradually reduce annual expenditures by 2030. The foundation aims to create a sustainable financing model.
BitMine Ethereum Purchase
BitMine purchased 51,162 Ethereum last week, bringing its total holdings to 4.42 million. Company management stated that they found the correction in Ethereum attractive in terms of fundamental indicators. It was stated that ETH accumulation will continue in line with this strategy.
Tron Inc. TRX Purchase
Tron Inc. purchased 177,493 TRX at an average price of $0.28, increasing its total holdings to over 683.5 million. The company announced that it plans to continue increasing its TRX treasury. It also stated that balance changes can be verified through the on-chain wallet address.
