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With the U.S. Supreme Court rejecting President Trump's previous emergency tariff measures, Trump immediately announced the reactivation of a temporary tariff of up to 15% based on other trade laws, increasing trade uncertainty and putting pressure on risk appetite in the cryptocurrency market.Data from the options trading platform Deribit shows a significant increase in open contracts for put options on Bitcoin with strike prices of $58,000, $60,000, and $62,000, indicating that traders are hedging potential downside risks by buying put options. Put options are typically used to provide protection when prices fall. Market analysis suggests that the repeated imposition of tariff policies, combined with macroeconomic uncertainty, may continue to exert pressure on risk assets, including crypto assets.

Suspected WLFI Wallet team member Dylan_0x (@0xDylan_) posted on the X platform: "Someone organized an attack, USD 1 is fully compliant, and all assets are collateralized at a 1:1 ratio."Previously, on-chain detective ZachXBT claimed that a major investigative report targeting a highly profitable company in the crypto industry would be released on February 26, which led to a brief drop in WLFI and a temporary depegging of USD 1.

According to Jinshi reports, Federal Reserve Governor Waller stated that if tariff effects are excluded, the potential inflation rate could be close to 2%.

According to CoinDesk, Bitcoin experienced significant short-term fluctuations on Monday, rebounding from $64,270 to $66,300, with market liquidity remaining low.In the derivatives market, leverage demand continues to be sluggish, with total open interest in crypto futures remaining below $100 billion for two consecutive weeks. Investors are continuing to allocate futures linked to traditional assets, with Tether Gold open interest increasing by 14% in 24 hours. Additionally, traders are actively pursuing Bitcoin put options, with strike prices concentrated at $58,000, $60,000, and $62,000, indicating that Trump's tariff plan has increased market uncertainty. Put options for Bitcoin and Ethereum are trading at a premium to call options across all maturities, reflecting that downside risks still exist.

According to data from the Web3 asset data platform RootData X tracking, in the past 7 days, the global token distribution and credential verification Sign has been the project with the most unfollows by top figures on X (Twitter). The new influential figures on X who unfollowed this project include cryptocurrency analyst Phyrex (@Phyrex_Ni), crypto KOL ChainDoctor (@realChainDoctor), and SleepinRain (@0xSleepinRain).In addition, the projects with the most unfollows by top figures on X also include Notcoin, Rhea Finance, and Moca Network.

Brokerages generally apply a 100% discount to stablecoins, meaning that related holdings cannot be counted towards net capital, severely limiting the enthusiasm of institutions to participate in stablecoin business.

According to Jinshi reports, U.S. Trade Representative Tai stated on CBS's "Face the Nation" program on Sunday that the agreements reached with countries such as the EU and South Korea remain in effect.He attempted to distinguish these agreements from the 15% global tariff plan announced by Trump on Saturday. Tai said, "We want them to understand that these deals will be successful deals. We will fully support these deals. We also expect our partners to fully support these deals."He also mentioned that other U.S. trade measures, including investigations into the trade practices of other countries, will provide advantages for the U.S. He had conversations with EU officials over the weekend and will also communicate with officials from other major U.S. trading partners to convey a message of reassurance.

According to Jin Shi reports, Trump stated on social media that based on a comprehensive, detailed, and complete review of the U.S. Supreme Court's ruling on tariffs made on the 20th, I hereby declare that as President of the United States, I will immediately raise the 10% global tariffs imposed on many countries to a fully legal and legally tested level of 15%.Many of these countries have been "exploiting" the United States for decades without facing any penalties (until I took office!). In the coming months, the Trump administration will identify and implement new legal tariffs that will continue the extraordinary process of making America great again.

According to Jin Shi reports, 2028 FOMC voting member and St. Louis Fed President Bullard stated in an interview with Fox Business that if the Trump administration maintains most tariffs through other means, his outlook on the economic prospects will not change significantly. He also mentioned a desire to understand whether companies will receive tariff refunds and the amount of those refunds. Regarding the possibility of interest rate cuts this year, Bullard stated that the Fed's benchmark interest rate is currently at or below the "neutral rate" level.

The President of the United States, Donald Trump, signed an announcement imposing temporary tariffs. The announcement stipulates that within 150 days, a 10% import tariff will be levied on items imported into the United States, effective at 12:01 AM Eastern Standard Time on February 24.Exempt from the new tariffs are certain critical minerals, metals used for currency and bullion, energy and energy products; including natural resources and fertilizers that cannot be grown, mined, or otherwise produced in the United States, or cannot be grown, mined, or otherwise produced in sufficient quantities to meet domestic demand; including certain agricultural products, pharmaceuticals, and pharmaceutical raw materials, as well as certain electronic products; including passenger cars, certain light trucks, and certain aerospace products.At the same time, the White House issued an executive order announcing the termination of certain tariff measures. In light of recent developments, additional tariffs imposed under the International Emergency Economic Powers Act will no longer be in effect and will be suspended as soon as practicable.

Commissioner Hester Peirce of the U.S. Securities and Exchange Commission wrote that she hopes to amend Rule 15c3-1 to more clearly cover payment stablecoins.Currently, the agency has released an FAQ that clarifies the regulatory treatment of payment stablecoins under the broker-dealer net capital rule framework, which mainly includes:If a broker-dealer applies a 2% capital haircut to its proprietary holdings of payment stablecoin assets when calculating net capital, regulators will not raise objections.Before the enactment of the GENIUS Act, "payment stablecoins" must be dollar-denominated, issued by state-regulated money transmission companies, state-regulated trust companies, or national trust banks, and meet conditions such as reserve asset requirements, redemption policy disclosures, and monthly attestation reports issued by certified public accountants; after the enactment of the act, they must comply with the definitions and requirements for "payment stablecoins" and "compliant issuers" as set forth in the GENIUS Act.

According to Gate market data, the S&P 500 index and the Nasdaq 100 index have given back some of their gains after a surge triggered by the tariff ruling.

According to CoinDesk, Bitcoin's price fluctuated on Thursday, rebounding to around $67,000 after briefly dropping to about $65,900, with market attention shifting to Trump's latest statements on trade and tariffs.He previously posted on Truth Social that the U.S. trade deficit has "decreased by 78%" due to tariffs imposed on other countries and companies, and expressed optimism about achieving a surplus for the first time in decades this year.Analysts believe that if expectations for tariffs rise, it could affect the inflation trajectory and reinforce market pricing for "higher rates for longer." In this scenario, the dollar typically strengthens, risk assets come under pressure, and cryptocurrencies like Bitcoin are also susceptible to changes in liquidity and interest rate expectations.Market views suggest that if the tariff narrative strengthens further and drives the dollar higher along with a tightening financial environment, Bitcoin's rebound momentum may struggle to sustain; however, if related statements fade into political noise, the crypto market may refocus on capital flows, leverage conditions, and key technical levels.

The official website of the U.S. Securities and Exchange Commission published a speech by Chairman Paul Atkins at the ETHDenver conference, outlining the agency's direction on cryptocurrency regulation, which mainly includes:Clarifying the "investment contract" framework: The Commission will study and publish a framework that clarifies under what circumstances crypto assets constitute investment contracts, as well as their formation and termination mechanisms.Innovation exemptions: Considering the establishment of innovation exemptions that allow for pilot trading of certain tokenized securities under restricted conditions, including limited trading on new platforms such as automated market makers, to accumulate experience for a long-term regulatory framework.Advancement of rules and guidance: Plans to initiate or advance rulemaking on topics such as financing pathways for crypto assets, broker-dealer custody for non-securities crypto assets (including payment stablecoins), and modernization of transfer agent rules; and continue to provide clarity for non-registration scenarios such as wallets and user interfaces through no-action letters and exemption orders.Regulatory philosophy: Paul Atkins emphasized that regulators should not react to short-term price fluctuations. The responsibility of the U.S. Securities and Exchange Commission is to ensure adequate information disclosure and clear rules, allowing market participants to make decisions in a transparent environment, rather than "supporting prices."

According to Jinshi, Federal Reserve Governor Barr stated that the impact of tariffs on inflation is expected to begin to weaken later this year, and this prediction is reasonable.

According to Jinshi News, the global market will welcome a "data bomb" week next week. The Federal Reserve will release the minutes of the January monetary policy meeting on Thursday at 03:00, from which the market will seek more clues about the interest rate cut path in 2026; the focus will be on the initial value of the U.S. fourth-quarter GDP and core PCE price index to be released on Friday at 21:30. As the Fed's preferred inflation indicator, if the PCE reading is higher than expected, it may affect the pace of policy easing this year.On the central bank front, several Federal Reserve officials will speak intensively, the Reserve Bank of Australia will release the meeting minutes, and the Reserve Bank of New Zealand will announce its interest rate decision. The market generally expects the Reserve Bank of New Zealand to remain unchanged, while the Reserve Bank of Australia may emphasize the risks of rising inflation. In terms of asset performance, spot gold maintains a high-level fluctuation, rebounding to close higher after a significant drop during the week; oil prices rose and then fell, with market rumors that OPEC+ may resume production increases in April; the dollar's movement has become a key variable, and if it does not hit a new low, it may maintain relative strength against the backdrop of the approaching tariff decision.Meanwhile, demand for U.S. Treasuries is heating up, which may trigger a new round of asset reallocation. In terms of major events, the Supreme Court of the United States will issue opinions on February 20, including rulings on Trump's "Day of Liberation" tariff policy. If the ruling is unfavorable, it may have a significant impact on related tariff measures and affect global trade and market sentiment.On the company level, the earnings season is coming to an end. Walmart will announce its fourth-quarter fiscal year performance.

Psy Protocol announced that it has achieved 521,000 transactions per second (TPS) on a real-world proof-of-work network, setting a new record for decentralized system throughput. The testing was supported by Google Cloud, and all transactions are verifiable on-chain, with complete data and cryptographic proofs open-sourced for independent auditing.The team stated that this result was achieved without sacrificing decentralization, security, or privacy, and has established a $100,000 bounty for anyone who can prove the results invalid. Carter Feldman, founder of Psy Protocol, said, "This is not a development network demonstration or theoretical calculation; every result is verifiable."This test demonstrates the infrastructure capabilities for a future AI agent economy, making high-frequency micropayments, continuous clearing markets, and large-scale AI collaboration feasible. Psy Protocol breaks through traditional blockchain throughput bottlenecks through parallel state architecture, client-generated proofs, recursive zero-knowledge proofs, and horizontal scaling design.Complete verification data and methods have been open-sourced, and users can access here for verification.

According to Jin Ten, Stephen Douglass of NISA Investment Advisors stated that about one-third of the inflation related to tariffs may still gradually transmit to the economy in the coming months. He expects that commodity inflation will fall below zero in the second half of the year, creating room for the Federal Reserve to resume rate cuts later than the market expects, with anticipated cuts in September and December.