With markets closed for Presidents’ Day, futures were flat to slightly lower as softer inflation data strengthened expectations for a Federal Reserve rate cut by mid-year. Earnings growth remains supportive, though AI-driven sector rotation is intensifying.
The Stoxx 600 was flat, with industrial software stocks sliding sharply on AI disruption concerns, while banks outperformed. Trading volumes were light due to US and Chinese market holidays.
Gold fell below $5,000, oil prices rose modestly, and iron ore edged higher. The US dollar was steady, the euro and yen weakened, and Bitcoin extended its recent losing streak.
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$216.89M
-
$-66.32M (-23.42%)
Shorts
$81.85M
37.7%
$+21.93M (+36.59%)
Longs
$135.04M
62.3%
$-88.25M (-39.52%)
BTC
$94.72M
43.7%
$+21.87M (+30.02%)
ETH
$55.01M
25.4%
$-50.84M (-48.03%)
Crypto.com has received ISO/IEC 42001:2023 certification for AI management systems and is expanding AI as a core business line—including launching the ai.com agent platform—amid growing industry adoption and competition from rivals like Coinbase.
OKX secures Malta payment institution license to expand EU-compliant stablecoin services, including OKX Pay and the OKX Card.
Crypto funds saw $173 million outflows last week as Bitcoin dipped below $70,000.
Metaplanet's revenue jumps 738% with Bitcoin generating 95% of sales, resulting in a $40 million operating profit but a $619 million net loss amid Bitcoin price drop.
Tokenized real-world assets increased by 13.5% in 30 days, led by Ethereum, Arbitrum, and Solana, despite a $1 trillion crypto market drawdown.
Harvard endowment reduces Bitcoin ETF stake by 21% and adds Ether exposure through BlackRock's spot Ether ETF, managing its $56.9 billion endowment.
Joachim Nagel, president of the Deutsche Bundesbank, backed the development of a euro-pegged CBDC and euro-denominated stablecoins to strengthen Europe’s payment sovereignty, as US lawmakers advance stablecoin regulation through measures including the CLARITY Act.
