📣 Michael Saylor today's mood

BTC = $65,900

@just 📄

⚡️ Polymarket’s lawsuit could decide who regulates US prediction markets

Polymarket’s federal lawsuit against Massachusetts could determine whether prediction markets are regulated solely by the CFTC or also by states.

The lawsuit followed state-level actions against platforms like Kalshi, with Massachusetts and Nevada moving to restrict sports-related prediction contracts.

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❕ Bloomberg: Analyst Nic Puckrin warning Bitcoin could drop to $55,000

Spot trading is at its lowest since 2023, and a deeper sell-off may continue unless rates fall, the dollar weakens, or major ETF inflows arrive.

🔄 Earlier: Bitcoin forecasts.

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🪙 Mike McGlone softens Bitcoin downside target to $28,000 after backlash over $10,000 call

Market analysts said the extreme downside scenario risked influencing real capital flows, prompting a heated public debate over Bitcoin’s macro outlook.

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🔥 CZ: "Crypto never needed a bailout, never will".

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⚡️ Ripple CEO Brad Garlinghouse says there is now a 90% chance the Clarity Act passes by the end of April

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❕ 'Bitcoin going to zero' Google searches rise with crypto sentiment in the dumps

Google data shows that search queries about Bitcoin's demise have reached their highest marks since 2022.

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💎 25 most decentralized networks by Nakamoto Coefficient

The TON blockchain is in the top 3 and ranks third.

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🔥 Whale Alert: 1,511,243 SOL (~$125,662,950) stake unlocked at unknown wallet

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❕ Glassnode: US Spot Bitcoin ETF balances see largest cycle drawdown of ~100.3k BTC since October ATH amid institutional de-risking

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🔥 Today:

• GDP + Core PCE — 13:30 UTC
• PMI (Manufacturing and Services) — 14:45 UTC
• Supreme Court decision on tariffs

🔜 Expectations

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💲 Tether CEO says 94 tonnes of XAUT moved instantly in the past six months for just 0.0016% in fees

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❕ The Crypto Fear & Greed Index falls to 7

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🪙 Bitcoin mining difficulty jumps 15%, posting record absolute increase as hashrate rebounds after US winter storm

Bitcoin mining difficulty has risen 14.7% to 144.4 trillion, marking a record absolute increase as hashrate rebounded following widespread weather-related curtailments across the US.

@just 📄

💲 Bloomberg: Tether’s USDT set for biggest monthly retreat since FTX collapse

The total amount of Tether’s USDT in circulation has fallen by about $1.5 billion so far in February.

Tether didn’t immediately respond to a request for comment.

@just 📄

⭐️ Just Good to Know: Economics Basics

In the run-up to today's major US data drops, let's break down the key indicators:

• GDP (Gross Domestic Product) — The broadest measure of economic health. Shows total value of all goods and services produced.

• Core PCE — The Fed's favorite inflation gauge. Tracks price changes in consumer spending. Key for rate decisions.

• PMI (Flash Manufacturing & Services) — Leading indicators of business activity. Above 50 means expansion; below 50 — contraction.

🔜 These three indicators often dictate market moves — read how.

@just 📄

❕ US Macro Data (PCE)

• Core PCE YoY, December: 3.0%
Forecast: 2.9%

• Core PCE MoM: 0.4%
Forecast: 0.3%

The report came in worse than expected — inflation is re-accelerating, which is negative for markets.

@just 📄

❕ US Macro Data (GDP)

• US Q4 GDP: 1.4%
Forecast: 3.0%

The report also came in worse than expected — signaling a sharp slowdown in economic growth.

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⚡️ The Supreme Court of the United States has struck down President Donald Trump’s global tariffs

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📣 President Trump says he has a fallback plan regarding tariffs

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⚡️ Trump announces 10% global tariff to be added on top of existing tariffs

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