The stablecoin USAD powered by Paxos Labs is launched on the Aleo mainnet as a private stablecoin designed for real-world payments and payroll use cases.
The U.S. Supreme Court announced that on 20/02 it will issue another "opinion" on the LEGALITY of Trump's tariffs.
On Polymarket, there is a 72% chance that the Court will rule AGAINST the tariffs.
What does this mean for stocks and #Bitcoin?
🔹 Scenario 1: The Court declares the tariffs ILLEGAL
▪️ JPMorgan states that the market could react with a short-term rally. ▪️ It would alleviate inflationary pressure. ▪️ BCA Research estimates that the probability of recession would drop from 50% to 40%. ▪️ Additionally, the government could be forced to reimburse more than $135 billion already collected, which would inject temporary liquidity.
Initial outcome: stocks rise, BTC rises, volatility drops… at least for a couple of sessions But here comes the uncomfortable part
🔹 Scenario 2: The White House's “Plan B”
▪️ Many analysts believe that if Trump loses the case: ▪️ It will activate Section 122 to impose temporary tariffs again ▪️ Or it will resort to Section 232 to impose them under the argument of national security.
In other words: the market would celebrate at first… but then trade uncertainty would return and markets would react negatively.
Bitcoin is experiencing one of the largest capitulation events in its history, ranking among the top 3-5 largest loss events ever recorded and rivaling the drop of 2021, according to CryptoQuant.
Binance completes the integration of $RLUSD on the XRP Ledger network, allowing users to deposit and open withdrawals once sufficient liquidity is reached.
STANCHART REDUCES BTC TARGET AND WARNS OF THE RISK OF A FALL TO $50,000
The banking giant Standard Chartered, valued at $800 billion, reduced its Bitcoin target for the end of 2026 from $150,000 to $100,000 and warned of a short-term drop to $50,000.
The bank also cut its forecast for ETH to $4,000, with a downside risk of $1,400, attributing it to the outflow of ETF funds, weakening macroeconomic conditions, and the delay in the Fed's interest rate cuts.
RUSSIA PROPOSES TO RETURN TO THE DOLLAR. IS IT A BETRAYAL TO BRICS AND CHINA?
This comes days after the President of China stated that he wants the yuan to be the GLOBAL REFERENCE CURRENCY.
After adopting the yuan and other alternative payment methods following the sanctions, Russia proposed to return to payments in DOLLARS.
What exactly happened?
🔻The goal of this is to achieve a joint agreement. You can see the details in the cited post 🔻As soon as this proposal for an AGREEMENT between Russia and the U.S. was made public, the dollar strengthened and #Bitcoin reacted negatively. 🔻It is not a coincidence. 🔻Everything that strengthens the dollar has a NEGATIVE impact on #crypto in general
Will this be the start of an internal fight within BRICS or is it something that was previously agreed upon?
The U.S. Senate Banking Committee says it is working with SEC Chairman Paul Atkins on a bill regarding the structure of the cryptocurrency market, aiming to position the United States as the global capital of cryptocurrencies.
Everything is falling, the SP500, #Bitcoin, gold, and silver... And there is a particular reason (AUTOMATIC SELLING)
-Silver has been falling by 11% -Gold fell by 4% in just 30 minutes -The SP500 has been falling by 1.60%
What is the main reason for the risk aversion we are seeing TODAY?
The current situation of the CTAs (FUNDS that operate with ALGORITHMS) is of selling pressure in the U.S. stock market (according to Goldman Sachs)
🔻These algorithms have to SELL BY MANDATE $20B of U.S. stocks BETWEEN TODAY AND TOMORROW 🔻If the S&P 500 falls below 6,707 (key medium-term level), up to $80B additional systematic sales would be unlocked in the next month. 🔻This comes at the worst moment for the SP500 🔻There is a CLEAR TRIPLE TOP along with a HUGE BEARISH DIVERGENCE
📍This gives pause for thought, according to technical analysis + fundamental analysis, a drop may be looming 📍And if that drop occurs, the 100-day moving average would break to the downside, which would generate MORE PANIC