Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 78,761.0 | -0.12% |
| Ethereum (ETH) | 2,320.07 | -1.07% |
| Nasdaq (NAS100) | 25,876.7 | +0.46% |
| S&P 500 (SPX) | 6,976.45 | +0.54% |
| Russell 2000 (RUT) | 2,642.6 | +0.02% |
| U.S. Dollar Index (DXY) | 97.103 | -0.19% |
| VIX Volatility Index | 16.34 | -6.31% |
| U.S. 10-Year Yield | 4.27844 | +0.56% |
| Brent Crude Oil (BRENT) | 66.555 | -0.42% |
| LBMA Gold (XAU) | 4,900.11 | +5.23% |
| LBMA Silver (XAG) | 85.959 | +8.75% |
“Prepared at UTC 07.32 am”
Today’s Key Events
- President Trump Attends Signing Ceremony
- US House of Representatives to Vote on Budget Bill
- Galaxy Digital, PayPal, and AMD Earnings Reports to be Released
- FOMC Member Bowman to Speak
US Manufacturing PMI Data
The U.S. ISM manufacturing PMI index for January came in at 52.6, well above the expected 48.5, signaling expansion for the first time in 12 months. The increase was driven primarily by new orders, which rose 9.7 points to 57.1. Slower supplier deliveries, increased company inventories, and decreased customer inventories also indicated stronger momentum in the sector. The final Markit manufacturing PMI data also confirmed the recovery at 52.4. This outlook supports the narrative of a strong US economy while weakening the possibility of an interest rate cut in the first half of the year.
Government Shutdown Process
The possibility of a government shutdown in the US depends on the vote expected in the House of Representatives today. While the shutdown may delay the release of some labor data to be announced this week, the quality of the data is not expected to be affected. House committees will consider the agreement on Monday, and negotiations are expected to continue late into the night. Trump announced that he is working with House Speaker Johnson to get the bill passed quickly and that he expects support from both parties. The BLS announced that January nonfarm payroll data will not be released on the scheduled date.
US-Iran Talks
Talks between the US and Iran focused on nuclear issues are expected to take place this Friday in Istanbul. According to Axios, US Ambassador Witkoff and Iranian Foreign Minister Araghchi will discuss a possible nuclear agreement and related issues. Representatives from countries such as Saudi Arabia and Egypt are also expected to attend the talks. While the US side wants a broader agreement, Iran is demanding that the agenda be limited to the nuclear issue. Defense Secretary Hegseth reiterated that Iran will not be allowed to obtain nuclear weapons.
Trump’s “Treasury Plan”
Trump is preparing to launch the “$12 billion Treasury Plan,” which aims to protect U.S. manufacturers from supply shocks. The program aims to strategically stockpile critical minerals and rare earth elements. Funding will consist of $1.67 billion in private capital and $10 billion in support from the U.S. Exim Bank. It is stated that the stockpiles can be fully deployed in the event of a major supply disruption. More than 10 companies, including GM, Boeing, Stellantis, and Google, are expected to participate in the program.
Asia-Pacific Stock Markets Rise
Risk appetite has rebounded significantly amid increasing stability in global markets and easing concerns over artificial intelligence spending. Japanese and South Korean stock markets recorded strong gains, with South Korea’s KOSPI index rising 6.84% to 5,288.08 points. This rise was driven by sharp premiums on Samsung Electronics and SK Hynix shares. The Nikkei 225 index hit a record high, rising 3.92% to 54,720.66. The Taiwan Weighted Index also supported the positive outlook with a 1.81% increase.
JPMorgan Gold Forecast
JPMorgan Chase maintained its long-term bullish outlook on gold, raising its year-end 2026 price target to $6,300 per ounce. This level indicates a potential increase of approximately 34% from current prices. The bank emphasized that ongoing demand from central banks and investors’ portfolio diversification tendencies are supporting prices. Analysts note that inelastic supply will push prices higher as the market seeks a new equilibrium. While JPMorgan affirms gold’s safe-haven role, it takes a more cautious stance on silver.
Fed Bostic Interest Rate Comment
Fed President Bostic stated that the current monetary policy is not overly restrictive. He said one or two interest rate cuts could be enough to reach a neutral level. Bostic, who previously said he did not expect interest rate cuts in 2026, softened his tone somewhat. The comments brought the differences of opinion within the Fed back to the forefront. Markets reacted cautiously to these messages.
Trump’s Crypto Statement
In an interview, Trump openly identified himself as a crypto enthusiast. He said he is one of the biggest supporters of cryptocurrencies and believes in them. He argued that if the US lags behind in this area, China will take the lead. These statements show that Trump continues his crypto-friendly rhetoric. The market is closely watching this stance in terms of regulations.
Trump-Powell Tension
The disagreement between Trump and Powell is seen as an obstacle to new Fed chair appointments. Trump’s legal moves against Powell drew criticism from some Republicans in Congress. Senator Tillis announced that he would block Fed nominations until the process is resolved. Trump, however, said he would not back down and could delay Wash’s nomination. This situation increases monetary policy uncertainty.
Trump World Liberty Statement
Trump said he was unaware of Abu Dhabi’s $500 million investment in World Liberty Financial. He stated that his sons were involved in the investment and that the transaction may have been made from other sources. Earlier reports claimed that the UAE royal family had purchased 49% of the company. Trump emphasized that he had not been officially informed about this matter. The statement raised questions in the market.
White House Stablecoin Meeting
The White House brought together Coinbase, crypto industry representatives, and the Banking Association to discuss the regulation of stablecoin rewards. The meeting debated whether third-party platforms could offer stablecoin returns to users. While the crypto side views the process as progress in terms of digital asset laws, the banking sector highlighted the risk of deposit loss. It was stated that no final agreement has been reached yet, but the points of disagreement have been clarified. The goal is to find a solution by the end of February.
CLARITY Act Disagreement
The crypto industry and bank representatives failed to reach an agreement on stablecoin returns in the CLARITY Act. Banks argued that stablecoin rewards could divert deposits away from the banking system. Crypto representatives emphasized that regulations should not punish innovation and consumers. The White House expects concrete progress on technical issues during the Senate Banking Committee process. Talks are expected to accelerate this month.
Bankers Association Response
The American Bankers Association (ABA) described the White House crypto meeting as a constructive dialogue. The statement emphasized that digital asset legislation must protect local credit flows for families and SMEs. The ABA called for closing regulatory loopholes that could allow stablecoin interest and returns. The banking sector is concerned that such practices could increase deposit outflows. The White House is said to be continuing its search for a balanced solution.
Epstein Coinbase Investment
Documents reveal that Jeffrey Epstein invested $3 million in Coinbase in 2014 at a valuation of approximately $400 million. The investment was made through Brock Pierce and Blockchain Capital and through IGO Company LLC, controlled by Epstein. Emails show that Coinbase co-founder Fred Ehrsam was aware of this process. The documents also reveal that Epstein sold half of his Coinbase shares in 2018, earning approximately $15 million in profit. The fate of the remaining shares has not been disclosed.
GameStop Bitcoin Strategy
GameStop CEO Ryan Cohen announced that the company is planning a large-scale purchase. This move could mean that GameStop is gradually exiting its Bitcoin allocation. On-chain data showed that the company transferred its 4,710 Bitcoin to Coinbase Prime. Cohen did not give a clear answer on whether they would sell Bitcoin. Following the news, GME shares rose sharply.
ING Crypto Access
ING customers in Germany can now purchase Bitcoin, Ether, and Solana products directly through their bank accounts. The products offered consist of crypto-backed ETPs issued by 21Shares, Bitwise, and VanEck. ING describes these products as easy access without the need for a wallet or private key. The CEO of VanEck Europe stated that the partnership offers a low barrier to entry into crypto. It is noted that holding these products for one year in Germany provides a tax advantage.
Spending Bill Process
Trump announced that he is working with House Speaker Johnson to get the spending bill through the House of Representatives. He stated that he will sign the bill as soon as it reaches his desk. He emphasized that the government must resume operations. He warned against any changes or delays. He said that long shutdowns are harmful to the country.
Rules Committee Vote
The US House Rules Committee approved the spending bill to reopen the government. The bill cleared the way for a full House vote with a 8-4 vote. The measure, which previously passed the Senate, also includes a temporary DHS budget. The goal is to buy time for budget and immigration disputes. The process has entered a critical phase.
Moscow Exchange Crypto Indices
The Moscow Exchange plans to launch Solana, Ripple, and Tron indices in 2026. Futures linked to these indices will also be listed. The products will be cash-settled and open only to professional investors. Perpetual futures for Bitcoin and Ethereum are also being considered. The move could increase interest in crypto derivatives in Russia.
FTX Fenwick Settlement
Settlement talks have been reached between FTX users and Fenwick & West. The parties plan to submit a formal agreement to the court on February 27. In the lawsuit, Fenwick was accused of aiding FTX’s fraudulent scheme. The terms of the agreement have not yet been disclosed. The process will be subject to court approval.
Echelon Airdrop Begins
The Echelon protocol in the Aptos ecosystem has started the airdrop claim process. The distribution is divided into three different groups. Point holders, sENA holders, and veTHL holders will receive different proportions. There are additional conditions for some groups. The total distribution is limited.
Sui Introduces Tidehunter
Sui announced its new database called Tidehunter. The system aims to fully utilize modern SSD performance. Write operations are executed through a high-speed, lock-free WAL. Special indexes are used to reduce read latency. The design aims to offer high scalability.
Tether Mining OS
Tether introduced MOS, an open-source operating system for Bitcoin mining. The system brings energy, hardware, and data management under one roof. Its modular and scalable structure is emphasized. The goal is to simplify mining operations. Developers are invited to community discussions.
USDT Tron Leadership
The circulation of USDT on the Tron network has reached $82.915 billion. This level has surpassed the Ethereum network, placing Tron in first place. The data was shared by Lookonchain. Tron’s low transaction fees have contributed to this increase. Network preferences in stablecoin usage are being reshaped.
