πΊπΈ US Supreme Court strikes down Trump-era tariffs
π¦ The Supreme Court of the United States ruled that Donald Trump overstepped his authority by using emergency powers (IEEPA) to impose global trade tariffs. The decision covers both βreciprocalβ and targeted import duties, some of which were justified by the administration as part of the fight against fentanyl trafficking.
The ruling opens the door to refund claims exceeding $150B in already collected tariffs β a serious fiscal risk. Hundreds of lawsuits seeking reimbursements are still pending, and the refund process is expected to be messy. The Court has not yet clarified who would be eligible for compensation.
Trumpβs response:
β’ Called the ruling a βdisgrace.β
β’ Said he has a backup plan for tariffs.
β’ Claimed courts need to be dealt with.
β οΈ Despite the setback, fentanyl-related tariffs remain in force. Trump says alternative, more effective tools than IEEPA will be used β and that the government could collect even more revenue going forward.π
π¦ The Supreme Court of the United States ruled that Donald Trump overstepped his authority by using emergency powers (IEEPA) to impose global trade tariffs. The decision covers both βreciprocalβ and targeted import duties, some of which were justified by the administration as part of the fight against fentanyl trafficking.
The ruling opens the door to refund claims exceeding $150B in already collected tariffs β a serious fiscal risk. Hundreds of lawsuits seeking reimbursements are still pending, and the refund process is expected to be messy. The Court has not yet clarified who would be eligible for compensation.
Trumpβs response:
β’ Called the ruling a βdisgrace.β
β’ Said he has a backup plan for tariffs.
β’ Claimed courts need to be dealt with.
β οΈ Despite the setback, fentanyl-related tariffs remain in force. Trump says alternative, more effective tools than IEEPA will be used β and that the government could collect even more revenue going forward.π
π3π€―2β€1
USDT supply is shrinking π΅π
The circulating supply of Tetherβs USDT fell by $1.5B in February, following another $1.2B decline in January, according to Bloomberg. π
If this trend holds, USDT is on track for its largest monthly contraction since December 2022 β when investors pulled roughly $2B after the collapse of FTX. π§
π A shrinking stablecoin supply often signals reduced risk appetite and tighter liquidity across crypto markets, as capital temporarily exits or moves to alternatives.
The circulating supply of Tetherβs USDT fell by $1.5B in February, following another $1.2B decline in January, according to Bloomberg. π
If this trend holds, USDT is on track for its largest monthly contraction since December 2022 β when investors pulled roughly $2B after the collapse of FTX. π§
π A shrinking stablecoin supply often signals reduced risk appetite and tighter liquidity across crypto markets, as capital temporarily exits or moves to alternatives.
π4
π½ CZ back in the US β post-prison appearance
Changpeng Zhao has visited the US for the first time since serving his sentence, attending a crypto summit hosted by World Liberty Financial at Donald Trumpβs Mar-a-Lago residence.
π° Earlier, Binance admitted to regulatory violations in the US and paid a $3.4B fine. Zhao personally paid $50M, served four months in prison, and received a presidential pardon in 2025. Media reports suggested possible links between WLFI and Binance around the launch of the USD1 stablecoin, but all parties deny any backroom deals.
The event was also attended by executives from major banks, exchanges, and regulators β signaling renewed dialogue between crypto, TradFi, and policymakers in the US.
Changpeng Zhao has visited the US for the first time since serving his sentence, attending a crypto summit hosted by World Liberty Financial at Donald Trumpβs Mar-a-Lago residence.
π° Earlier, Binance admitted to regulatory violations in the US and paid a $3.4B fine. Zhao personally paid $50M, served four months in prison, and received a presidential pardon in 2025. Media reports suggested possible links between WLFI and Binance around the launch of the USD1 stablecoin, but all parties deny any backroom deals.
The event was also attended by executives from major banks, exchanges, and regulators β signaling renewed dialogue between crypto, TradFi, and policymakers in the US.
β€6π3
π Whales are back on exchanges β and in force
π According to CryptoQuant, the Exchange Whale Ratio has surged to 0.64, its highest level since 2015.
This means 64% of all BTC inflows to exchanges now come from just 10 largest wallets β an extreme concentration not seen in 11 years. π
π Historically, such levels have often preceded increased selling pressure, as large holders move coins to exchanges ahead of distribution.
β οΈ While not a timing signal on its own, this data suggests whales are becoming active β a factor the market canβt ignore.
π According to CryptoQuant, the Exchange Whale Ratio has surged to 0.64, its highest level since 2015.
This means 64% of all BTC inflows to exchanges now come from just 10 largest wallets β an extreme concentration not seen in 11 years. π
π Historically, such levels have often preceded increased selling pressure, as large holders move coins to exchanges ahead of distribution.
β οΈ While not a timing signal on its own, this data suggests whales are becoming active β a factor the market canβt ignore.
π6
π Bitcoin trading well below βfair valueβ
According to Bitwise, BTC is currently trading nearly 40% below its implied fair value, based on global ETP fund flows.
This gap suggests that current market prices do not fully reflect institutional demand coming through regulated investment products. π
π In simple terms: sentiment and price are lagging behind capital flows β a setup that has historically appeared during periods of fear and underpricing.
Whether this turns into a rebound or stays undervalued depends on broader macro and risk appetite, but the disconnect is hard to ignore. π€
According to Bitwise, BTC is currently trading nearly 40% below its implied fair value, based on global ETP fund flows.
This gap suggests that current market prices do not fully reflect institutional demand coming through regulated investment products. π
π In simple terms: sentiment and price are lagging behind capital flows β a setup that has historically appeared during periods of fear and underpricing.
Whether this turns into a rebound or stays undervalued depends on broader macro and risk appetite, but the disconnect is hard to ignore. π€
π¨βπ»5π3
π Bitcoin starts the week with a sharp drop
BTC opened the week with a nearly 5% sell-off, briefly falling below $65,000. Major cryptocurrencies followed Bitcoin lower and are trading in the red as well.
π± Market sentiment hit extremes: the Crypto Fear & Greed Index plunged to 5/100, firmly in the βExtreme Fearβ zone β one of the lowest readings on record.
π₯ According to Coinglass, around $480M in positions were liquidated over the past 24 hours, with almost half coming from Bitcoin long positions.
BTC opened the week with a nearly 5% sell-off, briefly falling below $65,000. Major cryptocurrencies followed Bitcoin lower and are trading in the red as well.
π± Market sentiment hit extremes: the Crypto Fear & Greed Index plunged to 5/100, firmly in the βExtreme Fearβ zone β one of the lowest readings on record.
π₯ According to Coinglass, around $480M in positions were liquidated over the past 24 hours, with almost half coming from Bitcoin long positions.
π₯4π2
π³ Vitalik Buterin is selling ETH
Over the past two days, Vitalik has sold over $3.67M worth of ETH, and on-chain data shows heβs still swapping ETH for stablecoins.
πSince his sales began, ETH dropped from ~$1,988 to ~$1,875, adding fuel to speculation across crypto Twitter.
So what is it?
βͺοΈ Selling ahead of a deeper drop?
βͺοΈ Or just cashing out ETH for donations and expenses, as heβs done before? π
Over the past two days, Vitalik has sold over $3.67M worth of ETH, and on-chain data shows heβs still swapping ETH for stablecoins.
πSince his sales began, ETH dropped from ~$1,988 to ~$1,875, adding fuel to speculation across crypto Twitter.
So what is it?
βͺοΈ Selling ahead of a deeper drop?
βͺοΈ Or just cashing out ETH for donations and expenses, as heβs done before? π
β€2π1π1
π Bitcoin miners under pressure
π Mining company Bitdeer sold 943 BTC, fully liquidating its Bitcoin reserves. The move highlights growing stress across the mining sector as margins shrink and post-halving economics bite harder.
With lower block rewards and rising operational costs, miners are increasingly forced to sell holdings to maintain liquidity and cover expenses. π΅
The trend suggests that even large, well-capitalized players are feeling the squeeze β adding short-term sell pressure to the market and underscoring how tough this cycle has become for miners. π€·
π Mining company Bitdeer sold 943 BTC, fully liquidating its Bitcoin reserves. The move highlights growing stress across the mining sector as margins shrink and post-halving economics bite harder.
With lower block rewards and rising operational costs, miners are increasingly forced to sell holdings to maintain liquidity and cover expenses. π΅
The trend suggests that even large, well-capitalized players are feeling the squeeze β adding short-term sell pressure to the market and underscoring how tough this cycle has become for miners. π€·
π4
π Strategy on the brink of a milestone
If Strategy buys Bitcoin again today β and Michael Saylorβs hint looks almost certain β this purchase would become the companyβs 100th BTC buy in under 6 years. π
Put into perspective:
If you spread all Strategyβs Bitcoin purchases across that time, it means ~355 BTC bought every single day, on average.
No timing the market.
Just relentless accumulation. π π
If Strategy buys Bitcoin again today β and Michael Saylorβs hint looks almost certain β this purchase would become the companyβs 100th BTC buy in under 6 years. π
Put into perspective:
If you spread all Strategyβs Bitcoin purchases across that time, it means ~355 BTC bought every single day, on average.
No timing the market.
Just relentless accumulation. π π
π7β€2
π₯Ά Bitcoin network activity keeps cooling
π According to CryptoQuant, Bitcoinβs on-chain activity has been declining for six consecutive months. The last time a similar drop was recorded was in 2024 β when BTC fell only about 30%, much less than recent moves.
That said, context matters. Historically, during prolonged price weakness, many Bitcoin holders simply go into hibernation: fewer transactions, less noise, more waiting.π΄
π According to CryptoQuant, Bitcoinβs on-chain activity has been declining for six consecutive months. The last time a similar drop was recorded was in 2024 β when BTC fell only about 30%, much less than recent moves.
That said, context matters. Historically, during prolonged price weakness, many Bitcoin holders simply go into hibernation: fewer transactions, less noise, more waiting.π΄
π5
Crypto soothsayer
π Strategy on the brink of a milestone If Strategy buys Bitcoin again today β and Michael Saylorβs hint looks almost certain β this purchase would become the companyβs 100th BTC buy in under 6 years. π Put into perspective: If you spread all Strategyβsβ¦
π Michael Saylor hits a milestone
Michael Saylor just celebrated a major anniversary: Strategy completed its 100th Bitcoin purchase! π°
β The company added 592 BTC for $39.8M at an average price of $67,286 per coin.
π Current totals:
β’ 717,722 BTC on the balance sheet
β’ $54.56B invested in total
β’ $76,020 average purchase price
Six years, a hundred buys, and still stacking. Conviction mode: ON. π
Michael Saylor just celebrated a major anniversary: Strategy completed its 100th Bitcoin purchase! π°
β The company added 592 BTC for $39.8M at an average price of $67,286 per coin.
π Current totals:
β’ 717,722 BTC on the balance sheet
β’ $54.56B invested in total
β’ $76,020 average purchase price
Six years, a hundred buys, and still stacking. Conviction mode: ON. π
π6
π Bitcoin dΓ©jΓ vu: echoes of 2022
BTC briefly dipped below $63K overnight β and the move doesnβt look finished yet. Sellers remain in control as consistent outflows from Bitcoin ETFs keep pressuring the market. π§
Adding to the heat, Strategy is now sitting on an unrealized loss of ~$9.5B, highlighting how deep the drawdown has become for even the strongest conviction holders.
For now, momentum favors the bears β and the market is starting to feel uncomfortably familiar. π‘
BTC briefly dipped below $63K overnight β and the move doesnβt look finished yet. Sellers remain in control as consistent outflows from Bitcoin ETFs keep pressuring the market. π§
Adding to the heat, Strategy is now sitting on an unrealized loss of ~$9.5B, highlighting how deep the drawdown has become for even the strongest conviction holders.
For now, momentum favors the bears β and the market is starting to feel uncomfortably familiar. π‘
π3π2
π΅οΈββοΈ Crypto community awaits a major insider trading exposΓ©
Well-known on-chain investigator ZachXBT announced he will publish a major investigation on February 26, targeting what he calls βcryptoβs most profitable businessesβ. According to him, project insiders allegedly abused non-public information for long-term insider trading. π
Speculation is already heating up. On Polymarket, the leading candidate is Meteora, currently holding ~40% probability. π€
Other names in the betting pool include Pump.fun, Axiom, Jupiter, World Liberty Financial, as well as major exchanges like Binance and MEXC.
All eyes now on February 26 β the reveal could shake the industry. π
Well-known on-chain investigator ZachXBT announced he will publish a major investigation on February 26, targeting what he calls βcryptoβs most profitable businessesβ. According to him, project insiders allegedly abused non-public information for long-term insider trading. π
Speculation is already heating up. On Polymarket, the leading candidate is Meteora, currently holding ~40% probability. π€
Other names in the betting pool include Pump.fun, Axiom, Jupiter, World Liberty Financial, as well as major exchanges like Binance and MEXC.
All eyes now on February 26 β the reveal could shake the industry. π
π1π1
π§πΉ Bhutan opens up to digital nomads
π Bhutan has launched a digital nomad visa priced at $2,800 per year, allowing foreigners to live and travel across the country for 12 months.
A key condition: applicants must also invest $10,000 into Bhutanβs sovereign financial infrastructure by purchasing TER, a new gold-backed crypto asset. π°
This marks a major shift for a country that, for decades, tightly restricted tourism with mandatory guides and daily fees of $100β250. The new visa signals Bhutanβs move toward a more open, innovation-friendly model β blending controlled openness with crypto and long-term visitors. βοΈ
π Bhutan has launched a digital nomad visa priced at $2,800 per year, allowing foreigners to live and travel across the country for 12 months.
A key condition: applicants must also invest $10,000 into Bhutanβs sovereign financial infrastructure by purchasing TER, a new gold-backed crypto asset. π°
This marks a major shift for a country that, for decades, tightly restricted tourism with mandatory guides and daily fees of $100β250. The new visa signals Bhutanβs move toward a more open, innovation-friendly model β blending controlled openness with crypto and long-term visitors. βοΈ
π3
π 26 years ago, Michael Saylor lost $6B in a single day
Back in 2000, during the dot-com bubble collapse, Michael Saylor saw his net worth shrink by roughly $6 billion in one day as tech stocks imploded. π
The takeaway? Heβs been through far worse than todayβs unrealized losses.
History suggests Saylor knows exactly what volatility feels like. π§
Back in 2000, during the dot-com bubble collapse, Michael Saylor saw his net worth shrink by roughly $6 billion in one day as tech stocks imploded. π
The takeaway? Heβs been through far worse than todayβs unrealized losses.
History suggests Saylor knows exactly what volatility feels like. π§
π«‘6π3π1
π Another anniversary, 10 years apart
Today marks 16 years since Satoshi Nakamoto introduced an updated Bitcoin logo, placing the βΏ symbol on a golden coin.
A quick throwback:
βͺοΈ2009: The very first logo featured βBCβ on a gold coin. Discussions on BitcoinTalk even led to the birth of the BTC ticker.
βͺοΈFeb 24, 2010: Satoshi refined the design, leaving only the βBβ and adding two vertical strokes. Some users worried it looked too similar to the Thai baht.
βͺοΈNov 1, 2010: An anonymous user, bitboy, finalized history β transforming Satoshiβs idea into the iconic orange βΏ logo we all know today.
From a simple gold coin to a global symbol of financial freedom β happy birthday to the Bitcoin logo π
Today marks 16 years since Satoshi Nakamoto introduced an updated Bitcoin logo, placing the βΏ symbol on a golden coin.
A quick throwback:
βͺοΈ2009: The very first logo featured βBCβ on a gold coin. Discussions on BitcoinTalk even led to the birth of the BTC ticker.
βͺοΈFeb 24, 2010: Satoshi refined the design, leaving only the βBβ and adding two vertical strokes. Some users worried it looked too similar to the Thai baht.
βͺοΈNov 1, 2010: An anonymous user, bitboy, finalized history β transforming Satoshiβs idea into the iconic orange βΏ logo we all know today.
From a simple gold coin to a global symbol of financial freedom β happy birthday to the Bitcoin logo π
π5π4β€1
π¦ Binance Releases Its 39th Proof of Reserves Report
Binance has published its latest Proof of Reserves snapshot, showing mixed dynamics across major assets:
BTC holdings: ~639,000 BTC
β +2,614 BTC (+0.41%) vs the January 1 report
ETH holdings: ~4.18M ETH
β β162,469 ETH (β3.74%)
USDT holdings: ~36.8B USDT
β β$1.16B (β3.07%)
π Takeaway: Bitcoin balances on Binance continue to grow slightly, while ETH and USDT reserves are declining, reflecting reduced stablecoin liquidity and lower ETH exposure from users. This likely mirrors broader market caution rather than platform-specific stress.
Binance has published its latest Proof of Reserves snapshot, showing mixed dynamics across major assets:
BTC holdings: ~639,000 BTC
β +2,614 BTC (+0.41%) vs the January 1 report
ETH holdings: ~4.18M ETH
β β162,469 ETH (β3.74%)
USDT holdings: ~36.8B USDT
β β$1.16B (β3.07%)
π Takeaway: Bitcoin balances on Binance continue to grow slightly, while ETH and USDT reserves are declining, reflecting reduced stablecoin liquidity and lower ETH exposure from users. This likely mirrors broader market caution rather than platform-specific stress.
π4
π Retail hands over Bitcoin to institutions
Under growing pressure, individual Bitcoin holders are gradually giving way to businesses and institutional investors. What started as a retail-driven asset is increasingly consolidating in stronger hands with longer time horizons. π΅
If institutions end up winning this race, history may look back differently: those who manage to hold their coins through todayβs volatility could be remembered as the βlegendsβ of this cycle. πͺ
π Sometimes the hardest strategy isnβt buying β itβs simply not selling.
Under growing pressure, individual Bitcoin holders are gradually giving way to businesses and institutional investors. What started as a retail-driven asset is increasingly consolidating in stronger hands with longer time horizons. π΅
If institutions end up winning this race, history may look back differently: those who manage to hold their coins through todayβs volatility could be remembered as the βlegendsβ of this cycle. πͺ
π Sometimes the hardest strategy isnβt buying β itβs simply not selling.
π5
π Strategy moves 1,300 BTC β market watching closely
π According to data from Arkham, Strategy transferred 1,300 BTC (~$83M) to new wallets.
In the past, similar on-chain moves triggered panic on Crypto Twitter, with rumors that Michael Saylor was selling Bitcoin.
This time, however, the market is staying calm β just watching very closely π
So far, thereβs no indication of coins moving to exchanges, suggesting this is likely another internal wallet reshuffle rather than a sell-off.
π According to data from Arkham, Strategy transferred 1,300 BTC (~$83M) to new wallets.
In the past, similar on-chain moves triggered panic on Crypto Twitter, with rumors that Michael Saylor was selling Bitcoin.
This time, however, the market is staying calm β just watching very closely π
So far, thereβs no indication of coins moving to exchanges, suggesting this is likely another internal wallet reshuffle rather than a sell-off.
π3π₯΄2
π Altcoins: brutal drawdowns from ATH
A snapshot of how deep the current cycle has cut into major altcoins:
β’ DOT: -97.7% ($54.84 β $1.24)
β’ AVAX: -94.3% ($145.85 β $8.28)
β’ ADA: -91.7% ($3.08 β $0.257)
β’ LTC: -87.7% ($415.06 β $50.92)
β’ LINK: -84.5% ($52.82 β $8.17)
β’ SOL: -73.9% ($293.65 β $76.54)
β’ XRP: -65.3% ($3.84 β $1.33)
β’ ETH: -63.1% ($4,948 β $1,826)
β’ BNB: -57.0% ($1,369 β $588.54)
β’ TRX: -35.3% ($0.434 β $0.281)
Cycles change, narratives die, and only a few projects historically reclaim their ATHs.
The real question: which of these are survivors, and which are just relics of the last bull run? π§
A snapshot of how deep the current cycle has cut into major altcoins:
β’ DOT: -97.7% ($54.84 β $1.24)
β’ AVAX: -94.3% ($145.85 β $8.28)
β’ ADA: -91.7% ($3.08 β $0.257)
β’ LTC: -87.7% ($415.06 β $50.92)
β’ LINK: -84.5% ($52.82 β $8.17)
β’ SOL: -73.9% ($293.65 β $76.54)
β’ XRP: -65.3% ($3.84 β $1.33)
β’ ETH: -63.1% ($4,948 β $1,826)
β’ BNB: -57.0% ($1,369 β $588.54)
β’ TRX: -35.3% ($0.434 β $0.281)
Cycles change, narratives die, and only a few projects historically reclaim their ATHs.
The real question: which of these are survivors, and which are just relics of the last bull run? π§
π5