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According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,015.72 on the Binance USDT market.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The three major U.S. stock indices closed higher today. - S&P 500: +0.69% - Nasdaq: +0.90% - Dow Jones: +0.47%

BNP Paribas, France's second-largest bank, plans to use the Ethereum blockchain for a new money market fund (MMF) tokenization pilot project. According to The Block, the tokenized shares will be issued on-chain through BNP Paribas Asset Management's AssetFoundry platform, utilizing a permissioned model based on Ethereum. This will restrict the holding and transfer of the tokens to eligible participants who comply with relevant regulatory requirements.

ProShares' dedicated money market ETF for U.S. stablecoin issuers, IQMM, recorded $17 billion in trading volume on its first day, The Block reported. The ETF is the first financial product to meet the reserve requirements of the U.S. stablecoin regulation act, GENIUS, which took effect last July. For comparison, BlackRock's IBIT recorded $1 billion in first-day trading volume upon its launch in January 2024.

Coinbase CEO Brian Armstrong said on X that capital flows where it is welcomed, adding that countries that actively embrace cryptocurrency are likely to experience the highest economic growth over the next 10 years.

Ethereum founder Vitalik Buterin has pushed back against the idea that the existing blockchain should be left to slowly fade away in favor of building an entirely new network from scratch, stating he will not let that happen. Writing on X, he said there is an ambitious plan to rebuild the network from within through radical upgrades. Buterin believes this goal can be achieved within the next five years, adding that AI-powered coding and verification could potentially shorten the timeline significantly.

Walter Bloomberg reported that U.S. Treasury Secretary Scott Bessent said that according to Treasury Department estimates, combining Sections 122, 232, and 301 would result in virtually no change to tariff revenue.

In response to a question about U.S. tariff refunds, President Donald Trump said the matter has not been discussed by the Supreme Court and must be resolved through litigation. He added that the process could take the next five years in court.

Following a U.S. Supreme Court ruling that his country-specific reciprocal tariffs are illegal, President Donald Trump said he will sign an order imposing a 10% global tariff on top of existing duties, citing Section 122 of the Trade Act. Section 122 allows the president to impose tariffs of up to 15% for 150 days to address major trade deficits or balance of payments issues, though this authority has never been used to implement tariffs. Trump stated that Sections 232, 122, 201, and 301 are all options, adding that Section 338 is also available but involves a longer process. He emphasized that Section 122 would take effect today and that he would sign it.

Following a U.S. Supreme Court ruling that deemed his country-specific reciprocal tariffs unlawful, President Donald Trump stated that he possesses "much more powerful tools." He remarked, "I still have means more powerful than the International Emergency Economic Powers Act (IEEPA)." Trump added that he would explore alternatives to tariffs, which could potentially include imposing more taxes. He emphasized that tariffs have provided the nation with strong national security and have been used to end wars. Expressing deep disappointment with the Supreme Court's decision, he called their actions "shameful." Trump went on to accuse some justices of not trying to do the right thing, labeling the "Democrats on the court" as a "disgrace to the nation."

The Dubai Land Department (DLD) and tokenization firm Ctrl Alt have activated a secondary market for real estate-backed tokens, CoinDesk reported. The move is part of a broader real estate tokenization initiative and allows for the resale of fractional stakes in property valued at $5 million. Approximately 7.8 million tokens linked to 10 properties in Dubai will be available for trading on this secondary market. Transactions will be conducted on a regulated distribution platform, recorded on the XRP Ledger blockchain, and held through Ripple Custody. Dubai previously announced plans to tokenize $16 billion worth of real estate by 2033.

Crypto industry figures are urging a reassessment of the Basel III agreement's rule that applies a 1250% risk weight to digital assets. The Basel Committee on Banking Supervision has classified cryptocurrencies in its highest-risk category, mandating the 1250% risk weight for any bank exposure to the asset class. According to Cointelegraph, Jeff Walton, Chief Risk Officer at U.S. asset manager Strive, argued that U.S. banking regulations must be reformed for the country to become a global crypto hub. He asserted that the current risk weight is mispriced.

Whale Alert reported that 390,070,398 USDT has been transferred from HTX to Aave. The transaction is valued at about $390 million.

Whale Alert reported that 6,317 BTC has been transferred from an unknown wallet to Binance. The transaction is valued at about $424 million.

Matt Hougan, CIO of crypto asset manager Bitwise, has stated that Bitcoin has not yet hit its bottom, DL News reported. Speaking on a podcast, Hougan called the Feb. 5 drop from $72,000 to $60,000 shocking but said it was not the market floor. He warned that more pain could be ahead and that he would not be surprised by another major price swing, advising investors to remain patient. Hougan added that Bitcoin follows a four-year boom-and-bust cycle, but the presence of large investors could signal an end to such severe crashes. He explained that increased institutional participation could reduce Bitcoin's typical 80% drawdowns to a range of 50% to 60%, as institutional and retail investors behave differently, with one group potentially buying while the other sells.

Cardano's (ADA) Total Value Locked (TVL) has fallen to $115 million, its lowest level since 2023, Unfolded reported, citing data from DefiLlama.

Coinbase has announced the addition of ROBO to its listing roadmap.

Following a U.S. Supreme Court ruling that President Donald Trump exceeded his authority by imposing reciprocal tariffs under the International Emergency Economic Powers Act (IEEPA), users on the prediction market Kalshi are pricing in a 66% chance of tariff refunds occurring before July. This represents a significant increase from recent predictions in the low 30% range. Reuters has estimated that the U.S. government may need to refund as much as $135.5 billion in tariffs as a result of the ruling.

U.S. President Donald Trump criticized a Supreme Court ruling against reciprocal tariffs, calling it a disgrace. He added that he has an alternative to the tariffs following the decision.

Dutch regulators have ordered Polymarket to cease operations for allegedly providing illegal gambling services, Decrypt reported. The Netherlands Gambling Authority (KSA) ordered Adventure One QSS Inc., the operator of Polymarket, to immediately halt its services, stating the company offered illegal gambling without a license. Failure to comply will result in a weekly fine of €420,000 (around $454,000). The regulator emphasized that prediction markets are considered illegal gambling under Dutch law.

According to CoinNess market monitoring, BTC has fallen below $67,000. BTC is trading at $66,972.71 on the Binance USDT market.

The U.S. Supreme Court has ruled that President Donald Trump exceeded his authority by imposing reciprocal tariffs on countries worldwide under the International Emergency Economic Powers Act (IEEPA), Axios reported. The 6-3 decision upholds rulings from two lower courts that also found the tariffs unlawful. The judgment dismantles the legal foundation for the country-specific reciprocal tariffs that President Trump had levied on top of a 10% base tariff on global trading partners. However, it is widely anticipated that the president will seek alternative methods to impose tariffs.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,016.58 on the Binance USDT market.

The three major U.S. stock indices opened lower today. - S&P 500: -0.40% - Nasdaq: -0.44% - Dow Jones: -0.38%