Despite the rise in rhetoric surrounding President Donald Trump’s tariffs, Bitcoin (BTC) is stable with positive clues from foreign exchange risk barometers such as AUD/JPY. Today, Trump is planning to impose a 25% tariff on steel and aluminum imports, in addition to his additional metal work.
Ahead of the impending tariff escalation, this market stance is in stark contrast to the risk aversion observed a week before Trump launched his first tariff. Perhaps market participants are using aggressive tactics to negotiate trade deals rather than committing sustained tariffs. The concept gains traction following LAT Monday’s decision to suspend tariffs in Mexico and Canada for 30 days, suggesting a more strategic approach to negotiations.
According to QCP Capital, current market stability could potentially burn Trump and take a tougher stance. “Feedback loops are emerging. President Trump is very sensitive to market responses, and the market is facing a market called his bluff.
It will be interesting to see how this develops.
Social media posts are making rounds, showing record short positions with cash settle ether futures listed in the CME. These shorts may not necessarily be completely weakened bets, but rather carry trade components. There, investors are holding longer positions in ETFs while shortening CME futures. Please note that ETH ETF inflows skyrocketed last week. Some shorts could be investors hedged against Long Altcoin bets amid concerns about the number of coins and imminent mass unlocking.
Over the weekend, base member Kabir.base.ETH rebutted the claim that Sequencer Coinbase was selling ETH earned as a commission, adding a layer of transparency to its operations.
In another notable development, Archange Touadéra, president of the Central African Republic, has transformed traders into a surprising $12 million in under three hours to a surprising $12 million, with 2,450, according to LookOn Chain data. It is reportedly issued a new memo coin that achieved double the amazing returns.
Meanwhile, Litecoin (LTC) has continued to shine as a 9% increase as a highly performant cryptocurrency over the past 24 hours.
On a macroeconomic front, the surge in U.S. consumer inflation expectations raise concerns about the possibility of a long-term moratorium on interest rate cuts in the Federal Reserve system. Additionally, the US Consumer Price Index (CPI) is scheduled to be released on Wednesday. Keep alerts!
Cryptography:
February 13th: Starting phased registrations for Kraken for USDT, PYUSD, EURT, TUSD and UST Stablecoins for EEA clients. The process ends in March. 31.
February 14th: Dynamic Tao (DTAO) network upgrades will be live on Bittensor (TAO) Mainnet.
February 14th at 2:30am (estimated): QTUM (QTUM) Hard Fork Network Upgrade.
10am, February 18th: FTX Digital Markets, a subsidiary of FTX, will begin reimbursing creditors.
February 21: Ton (Open Network) will become the exclusive blockchain infrastructure of the Mini App Ecosystem, messaging platform Telegram.
Macros
February 11th, 2:30pm: US House Financial Services Subcommittee (“Digital Assets, Financial Technology and Artificial Intelligence”) Hearing entitled “The Golden Age of Digital Assets: Chart of Advance.” Witnesses include Jonathan Jachym, Kraken’s assistant advisor. Live stream link.
February 12th at 8:30am: The U.S. Bureau of Labor Statistics (BLS) will release its January Consumer Price Index (CPI) report.
Core inflation rate mama EST. 0.3% vs. 0.2%
Around the core inflation rate. 3.2%
Inflation rate mama EST. 0.3% vs. 0.4%
Inflation rate Yoi EST. 2.9% vs. 2.9%
February 12th 10:00am: Federal Reserve Chairman Jerome Powell presents his six-month report to the U.S. House Financial Services Committee. Live stream link.
February 13th, 8:30am: US Bureau of Labor Statistics (BLS) releases January ‘Producer Price Index (PPI) Report.
Core PPI Mama EST. 0.3% vs. 0%
Core PPI Yoy Prev. 3.5%
PPI MOM EST. 0.2% vs. 0.2%
ppi yoy prev. 3.3%
February 13th, 8:30am: The U.S. Department of Labor will release weekly claims reports for unemployment insurance for the week ended February 8th.
The first unemployment claim was est. 215k vs. front. 219k
Revenue
February 10th: Canaan (Can), Pre-Market, $ -0.08
February 11: Hive Digital Technologies (Hive), Post Market, $ -0.15
February 11: Exodus Journal Movement (Exodus), Post Market, $0.14 (2 Estheaks)
February 12th: HUT 8 (HUT), pre-order, $0.05
February 12th: Aylen (Aylen), Postmarket, $ -0.01
February 12th (TBA): Metaplanet (TYO: 3350)
February 12th: Reddit (RDDT), Post Market, $0.25
February 12th: Robin Hood Market (Food), Post Market, $0.41
February 13th: Coinbase Global (Coin), Post Market, $1.89
Governance votes and phone calls
Aave Dao recognizes HyperLend as a friendly fork deployed into a hyperliquid EVM chain, and discusses the deployment of Kraken’s Layer-2 rollup network, Aave V3, into ink.
Sky Dao, among other things, will onboard Arbitrum One into the Spark liquidity layer, increase the base PSM2 rate limit and combine it with SUSD worth USD 100 million to accommodate network growth.
February 10th at 10:30am: OKX maintains a list of Chief Marketing Officer Haider Rafique and Product Marketing Officer Matthew Osofisan.
February 12th 2pm: Rendering (rendering) to host AI Scout Discord AMA sessions.
Unlock
February 10: Aptos (APT) to unlock 1.97% of distribution supplies worth $71.14 million.
February 10: Bella Chine (Bella) to unlock 12.08% of the distribution supply worth $66.07 million.
February 12: Aethir (ATH) unlocks 10.21% of its distribution supply worth $23.8 million.
February 14: Sandbox unlocks 8.4% of $80 million worth of circulation supply.
Token launch
February 10th: Anlogs listed in Bitget, gate.io, mexc, kucoin.
February 12th: Avalon (AVL) and Game 7 (G7) are listed on Bybit.
February 13th: Ethereumpow (ETHW) and Polygon (Matic) are no longer supported on DeRibit.
It will be held in Hong Kong from February 18th to 20th in Coindsk and from May 14th to 16th in Toronto. Save 15% on your pass with Code Day Book.
February 13th-14th: NFT Paris 4th edition.
February 18-20: Consensus Hong Kong
February 19th: Sui Connect: Hong Kong
February 23rd to March 2nd: 2025 EsDenver (Denver, Colorado)
February 25th: Hederacon 2025 (Denver)
By Shaurya Malwa
Various Memecoins have been hit by America from Asia all over the world, retrieving signs of a frenzy that tends to grasp the crypto market every few months.
The BNB chain’s TST token, originally created in the tutorial, surged to a market capitalization of $300 million, following a mention by Binance founder Changpeng Zhao. The token has gained popularity in the Chinese community, the post shows.
US-based barstool sports David Portnoy accused market watcher of using his social influence to pump low-cap tokens, making it 200 million before settling down to a $78 million market cap This is because it peaked above the dollar.
The Central African Republic has issued its own memo coin, the automobile, with the aim of supporting national development and improving the country’s global visibility.
The BTC and ETH CME futures basis will fall below 10%, potentially slowing inflows into ETFs.
The permanent funding rate for offshore exchanges of most major coins remains slightly bullish between 5% and 10% per year. XLM stands out as having the most negative funding rate (over -20%) reflecting the bias in the shorts.
Front-end ETH trades 2-5 points of VoL premium compared to call, showing its drawbacks. According to the data source Amberdata, the BTC front-end option also shows a Put bias.
BTC is up 1.80% from 4pm on Friday to $97,805.98 (24 hours: -1.01%)
ETH is down 0.79% at $2,647.53 (24 hours: -0.63%)
Coindesk 20 increased by 2.92% to 3,209.42 (24 hours: +0.19%)
CESR composite staking rate is 2.97%, down 3 bps.
BTC’s funding rate is 0.0087% (9.48% per year) in terms of vinanence
DXY is up 0.12% at 108.16
Gold increased by 1.44% to $2,902.17 per ounce
Silver rose 1.29% to $32.22/ounce
The Nikkei 225 was unchanged at 38,801.17
Hang Seng rose 1.84% to 21,521.98
FTSE is up 0.53% at 8,746.63
The Euro Stoxx 50 is up 0.34% at 5,343.63
DJIA closed -0.99% to 44,303.40
S&P 500 closed -0.95% at 6,025.99
Nasdaq closed -1.36% at 19,523.40
The S&P/TSX composite index closed -0.36% at 25,442.91
S&P 40 Latin America closed -1.10% at 2,410.24
The US 10-year-old Treasury Department has raised 4 bps to 4.48%
E-Mini S&P 500 futures are up 0.46% at 6,077
E-Mini Nasdaq-100 futures are up 0.70% at 21,742
E-Mini Dow Jones Industrial Average Index Futures is up 0.35% at 44,576
BTC dominance: 61.70% (0.05%)
Ethereum to Bitcoin ratio: 0.02717 (-0.22%)
Hash rate (7-day moving average): 808 EH/s
Hashpris (spot): $54.1
Total Fee: 5.04 BTC/$337,318
CME Futures Open Interest: 164,510
BTC priced in gold: 33.5 oz
BTC vs. Gold Market Cap: 9.52%
Strategy Stock (MSTR) suggests the end of the bounce from the lows on December 31, and the potential reopening of a wider pullback from the highs in late 2024.
Prices acknowledge that the price is below the 38.2% Fibonacci retracement of the 4x rallies seen between September and November.
The golden rule of technical analysis is that the market must hold above the 38.2% level in order to maintain its current trends. If they do not do so, it is said that the bull’s tendency is over.
MicroStrategy (MSTR): Closed on Friday at $327.56 (+0.56%), up 2.27% to $334.98 in front of the market.
Coinbase Global (Coin): Closed at $274.49 (+1.52%), up 1.83% at $279.52 before the market.
Galaxy Digital Holdings (GLXY): Closed at C$26.89 (-0.66%)
Mara Holdings (Mara): Closed at $16.77 (-0.18%), up 1.97% at $17.10 before the market.
Riot Platforms (Riot): Closed at $11.64 (+0.26%), up 1.89% at $11.86 before the market.
Core Scientific (CORZ): Closed at $12.56 (+0.24%), up 0.88% at $12.67 before the market.
CleanSpark (CLSK): Closed at $11.33 (+9.15%), up 1.5% at 11.50 in front of the market.
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): Closed at $23.15 (+1.71%), up 0.52% from $23.27 before the market.
Semler Scientific (SMLR): Closed at $49.20 (-1.44%), up 2.20% at $50.28 before the market.
Exodus Movement (Exod): Closed at $48.37 (+0.75%) at 48.62 before the market, at +0.52%.
Spot BTCETFS:
Daily Net Flow: $171.3 million
Cumulative net flow: $407 billion
Total BTC holdings: 1,176 million.
Spot ETH ETF
Daily Net Flow: No flows reported.
Cumulative net flow: $3.18 billion
The total ETH holdings are approximately 3.793 million.
Source: Farside Investors
The yield on securities indexed by US inflation in 10 years, the so-called real yield, fell by 34 basis points in just three weeks.
Continuous declines can cause searches for higher returns.
Bitcoin Hodler Metaplanet achieved unrealized profits of $35 million in 2024 thanks to BTC Treasury (Coindesk). The Japanese company, which already owns 1,761 bitcoins, said it plans to have 10,000 BTC by the end of the year.
As Trump’s trade war rhetoric grows, Bitcoin indicator signaling a $70,000 breakout is bearish (Coindesk): Popular tech indicators are amid rising rhetoric of US trade crimes It shows the weakness of Bitcoin. Below $90K, you’ll see a sustained bearish momentum.
US Funds Join Crypto Rush by Building a Bitcoin Portfolio (Financial Times): US Foundations and University Donations Be Concerned about Price Volatility and Lack of Regulatory Transparency Despite being promoted by FOMO and Trump’s pro-cryptostance.
Trump has revealed plans for a 25% tariff on steel and aluminum imports (Bloomberg). The US is planning to announce a 25% tariff on steel and aluminum imports, and the mutual tariffs of countries taxing the US continue this week.
Inflation rises amid month’s New Year’s spending as European equity benefits (EuroneWs). China’s January inflation rose 0.5% year-on-year, fuelling monthly New Year’s spending and stimuli. Persistent PPI deflation and US-China trade tensions remain concerns.
China’s Strategy in the Trade War: The Threat of US High-Tech Enterprises (Wall Street Journal): China has more US like Apple and Broadcom, which aims to strengthen its negotiating position in negotiations with the US. It is reportedly planned to target high-tech giants in antitrust investigations.
