Crypto Key Facts • The US Supreme Court ruled 6-3 that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. • The invalidation of the program will result in the refunding of at least $175 billion in collected tariffs. • These refunds are viewed as a massive unintended liquidity injection into financial markets. 1 sources Macro Economy Key Facts • US President Donald Trump announced the imposition of 15% global tariffs on imports. • Businesses are expressing concern over uncertainty facing supply chains and consumer costs. 1 sources Stocks Key Facts • Nvidia is set to report earnings, serving as a key gauge for the AI trade. • Salesforce will release its earnings report, providing insight into the software sector. 1 sources Geopolitics Key Facts • The Trump administration is mulling a proposal allowing Iran 'token' nuclear enrichment with no path to a bomb. • Military options, including 'limited' strikes, remain under consideration if negotiations fail. • The diplomatic offer aims to find an opening between US and Iranian red lines to prevent all-out war. 1 sources Commodities Key Facts • President Trump signed executive orders aimed at reversing the Inflation Reduction Act (IRA) and previous climate policies. • The administration is encouraging coal firms to delay plant closures and increase production. • New policies aim to make it easier for fossil fuel companies to increase oil and gas production. 1 sources Key Facts • The crypto market retraced almost all gains made during the 2024-2025 US election pump. • A historic market crash derailed the uptrend and caused investor sentiment to plummet. 1 sources Key Facts • President Donald Trump raised the global tariff rate to 15%. • Bitcoin fluctuated around $68,000 while DOGE and ETH saw declines. • The tariff hike occurred despite a Supreme Court ruling against earlier emergency trade measures. 1 sources Key Facts • ProShares' stablecoin-ready ETF saw a massive $17 billion debut. • The massive inflows sparked speculation that Circle might be moving its reserve assets into the ETF. • Current data suggests that Circle is not the entity behind the mass movement of assets into the ETF. 1 sources Key Facts • Elliptic revealed that five crypto exchanges are helping Russia circumvent international sanctions. • One of these exchanges processed at least $11 billion in cryptocurrency. • These exchanges are acting as a replacement for the previously sanctioned Garantex exchange. 1 sources Key Facts • The exchange whale ratio has risen to 0.64, the highest level since 2015. • Data suggests that whales are leading selling activity during the ongoing bear phase. 1 sources Key Facts • Bitcoin experienced a sharp sell-off driven by a rapid surge in the Japanese yen. • The movement in USD/JPY triggered a yen-funded carry trade unwind, forcing cross-asset deleveraging. • The impact transmits to BTC through thinner liquidity, wider spreads, and fast position reduction in derivatives. 1 sources Key Facts • CME 'smart money' traders significantly slashed their bearish Bitcoin short positions last month. • Historically, similar shifts in futures positioning preceded a 70% rally in 2025 and a 190% increase in 2023. 1 sources Key Facts • Job levels were revised downward by 862k, significantly altering the macro picture. • CPI data indicated that inflation has cooled. • Bitcoin is now trading like a rates product, with real yields acting as the primary 'gravity' for its price. 1 sources Key Facts • CME's Cardano futures went live on February 9, 2026. • New SEC listing standards allow a fast lane for spot ETPs if regulated futures have existed for at least six months on a CFTC-supervised venue. • Cardano could potentially see a spot ETF shortcut of 75 days compared to the 240 days it took for Bitcoin. 1 sources Key Facts • Bank of America warns that the S&P 500 is statistically expensive on 18 of 20 valuation metrics. • There is a risk of Bitcoin bulls walking into a $1 billion liquidation trap. • The bank expects market multiples to compress even if corporate profits continue to grow. 1 sources Key Facts • Donald Trump increased the new tariff rate to 15%, up from the previously expected 10%. • The U.K. expected a preferential deal at 10% before the sudden decision. • The decision puts major trading partners like the EU and Japan back to their positions from a week ago. 1 sources Key Facts • Japan committed $36 billion as the first tranche of a $550 billion investment pledge in the U.S. • The investment includes building a 9.2 GW natural gas power plant in Ohio, described as the largest in history. • Part of the funding will go to the Texas GulfLink deepwater oil export terminal, expected to generate $20-$30 billion in annual exports. 1 sources Key Facts • The $3 trillion private credit market is experiencing an increase in 'shadow default' rates. • Fed interest rate cuts and excessive demand have reduced yields for investors. • More money is chasing lower-quality deals due to high investment demand. 1 sources Key Facts • Gregory Beard has been appointed to lead the Office of Energy Dominance Financing. • The office possesses nearly $300 billion in lending authority. • The appointment is expected to shape U.S. energy policy and its funding priorities. 1 sources Key Facts • A top EU lawmaker proposed pausing the ratification process of a trade deal with the United States. • The lawmaker cited "pure tariff chaos" under the Trump administration as the reason for the proposal. • There is growing uncertainty among U.S. trading partners regarding future trade policies. 1 sources Key Facts • Global leaders, including French President Emmanuel Macron, expressed concern over the uncertainty caused by Trump's tariff rhetoric. • Macron stated that France will closely examine the consequences and adapt to any changes in U.S. trade policy. 1 sources Key Facts • The US Department of Justice is probing Netflix's power over filmmakers as part of the Warner deal review. • The investigation indicates the Trump administration is going beyond standard deal review protocols. 1 sources Key Facts • Meta is using Special Purpose Vehicles (SPVs) to keep $27 billion in AI infrastructure debt off its balance sheet. • Meta is paying approximately $6.5 billion in extra financing costs for this accounting structure to avoid spooking investors regarding debt levels. • The arrangement allows external entities to raise debt and build data centers, then lease them back to the tech group, effectively turning debt into lease payments. 1 sources Key Facts • Trilateral talks in Geneva failed to resolve core territorial disagreements between Russia and Ukraine. • President Zelenskyy refuses to cede any land, while Russia insists on sovereignty over the Donbas region. • Reports suggest internal embezzlement scandals in Ukraine may drive officials to prolong the war to maintain legal immunity. 1 sources Key Facts • US Ambassador to Israel Mike Huckabee claimed Israel has a 'biblical right' to territories spanning from the Nile to the Euphrates. • Huckabee stated in an interview with Tucker Carlson that it would be 'fine' if Israel took over the entire Middle East. 1 sources Key Facts • Slovak PM Robert Fico threatened to cut emergency electricity supplies to Ukraine unless Russian oil flows via the Druzhba pipeline are restored. • Oil transit through the Druzhba pipeline has been halted since January 27, with Ukraine alleging damage from a Russian drone strike. • Hungary and Slovakia have already halted diesel exports to Ukraine as part of coordinated pressure to restore oil transit. 1 sources