February 2: Canada’s Prime Minister Trudeau Announces 25% Retaliatory Tariffs on $155 Billion Worth of American Goods
In response to U.S. President Donald Trump’s imposition of tariffs on Canadian goods, Prime Minister Justin Trudeau announced retaliatory tariffs of 25% on $155 billion worth of American products. The tariffs target a wide range of goods, including beer, wine, bourbon, fruits, and household appliances. Trudeau emphasized that the measures were necessary to protect Canadian interests but warned of the economic consequences for both nations. The move has escalated trade tensions between the two countries, with potential impacts on industries and consumers on both sides of the border6715.
February 2: India to Review Its Stance on Cryptocurrency Due to Global Policy Changes
India is reconsidering its approach to cryptocurrency regulation in light of evolving global policies. The government is reportedly evaluating the potential benefits and risks of digital assets, aiming to align its framework with international standards. This review comes as countries worldwide grapple with the challenges of regulating cryptocurrencies while fostering innovation in the financial sector.
February 2: President Trump Says the Pain from Tariffs “Will Be Worth the Price”
President Donald Trump defended his decision to impose tariffs on Canada, Mexico, and China, stating that the short-term economic pain would be justified by long-term benefits. He argued that the tariffs are necessary to address issues like illegal immigration and the flow of fentanyl into the U.S., framing the measures as a matter of national security.
February 2: Elon Musk Says “Tax Regulations Need a Massive Reset, They Are Torturing the American People”
Elon Musk, CEO of Tesla and SpaceX, called for a complete overhaul of the U.S. tax system, describing current regulations as overly burdensome. Musk’s comments reflect growing concerns about the complexity and inefficiency of tax policies, which he believes hinder economic growth and innovation.
February 2: $135,000,000 Liquidated from the Cryptocurrency Market in the Past 60 Minutes
The cryptocurrency market experienced significant volatility, with $135 million in liquidations within an hour. This sharp movement highlights the inherent risks and instability in the crypto market, driven by factors such as regulatory news, macroeconomic trends, and investor sentiment.
February 2: Canadian Dollar Falls to Lowest Level Since 2003 Following US Tariffs
The Canadian dollar plummeted to its lowest level in over two decades after the U.S. imposed tariffs on Canadian goods. The tariffs have raised concerns about the impact on Canada’s export-driven economy, leading to a decline in investor confidence and currency value.
February 3: $2,300,000,000 Liquidated from the Cryptocurrency Market in the Past 24 Hours
The crypto market saw a massive $2.3 billion in liquidations over 24 hours, marking one of the most volatile periods in recent months. This event underscores the high-risk nature of cryptocurrency investments and the market’s sensitivity to external factors.
February 3: President Trump to Hold Talks with Canada and Mexico to Discuss Tariffs
President Trump announced plans to meet with Canadian and Mexican leaders to address the escalating trade tensions. The discussions aim to find a resolution to the tariff dispute, which has already begun to disrupt North American supply chains and economic stability.
February 3: Coinbase Receives Regulatory Approval to Launch Crypto Services in the United Kingdom
Coinbase, a leading cryptocurrency exchange, secured regulatory approval to expand its services in the U.K. This milestone reflects the growing acceptance of digital assets in mainstream financial markets and Coinbase’s efforts to comply with international regulatory standards.
February 4: President Trump Says Elon Musk’s Department of Government Efficiency (DOGE) Is Finding Tremendous Amounts of “Waste, Fraud, and Abuse”
President Trump praised Elon Musk’s Department of Government Efficiency (DOGE) for uncovering significant inefficiencies in federal spending. The initiative aims to streamline government operations and reduce wasteful expenditures, aligning with Trump’s broader agenda of fiscal responsibility.
February 4: China to Impose 10-15% Tariffs on US Oil, Agricultural Equipment, Coal, and LNG
China announced retaliatory tariffs on U.S. energy and agricultural products, escalating the ongoing trade war between the two nations. The move is expected to further strain bilateral relations and impact global trade dynamics19.
February 4: Senator Bill Hagerty Introduces Legislation to Establish Clear Regulatory Framework for Crypto Stablecoins
Senator Bill Hagerty proposed a bill to create a comprehensive regulatory framework for stablecoins, aiming to provide clarity and stability in the crypto market. The legislation seeks to address concerns about the risks associated with stablecoins while fostering innovation in the digital asset space.
February 4: President Trump’s Crypto Czar David Sacks Says Stablecoins Have the Potential to Ensure US Dollar Dominance Internationally
David Sacks, appointed as President Trump’s Crypto Czar, highlighted the strategic importance of stablecoins in maintaining the U.S. dollar’s global dominance. He emphasized the role of digital assets in modernizing the financial system and enhancing international trade.
February 4: SEC Launches New Crypto Task Force Website to “Provide Clarity” for Crypto Laws
The U.S. Securities and Exchange Commission (SEC) unveiled a new Crypto Task Force website to offer guidance and clarity on cryptocurrency regulations. The initiative aims to protect investors while promoting innovation in the rapidly evolving digital asset industry.
February 5: Gold Reaches New All-Time High of $2,854
Gold prices surged to a record high of $2,854 per ounce, driven by economic uncertainty and inflationary pressures. The precious metal continues to be a safe-haven asset for investors amid global market volatility.
February 5: Standard Chartered Bank Predicts Bitcoin Could Reach $500,000 Before President Trump Leaves Office
Standard Chartered Bank forecasted that Bitcoin could skyrocket to $500,000 by the end of President Trump’s term. The prediction reflects growing institutional interest in cryptocurrencies and their potential to reshape the financial landscape.
February 5: BlackRock to Launch Bitcoin ETP in Europe
BlackRock, the world’s largest asset manager, announced plans to introduce a Bitcoin Exchange-Traded Product (ETP) in Europe. The move signals increasing mainstream adoption of cryptocurrencies and their integration into traditional financial markets.
February 5: Elon Musk Supports Putting US Treasury Transactions on a Blockchain for Full Transparency
Elon Musk advocated for using blockchain technology to enhance transparency in U.S. Treasury transactions. His proposal aligns with broader efforts to leverage blockchain for improving government accountability and efficiency.
February 6: Trump Media to Launch ‘Bitcoin Plus’ ETF
Trump Media revealed plans to launch a ‘Bitcoin Plus’ ETF, combining Bitcoin exposure with traditional media assets. The initiative reflects the growing intersection of cryptocurrency and mainstream financial products.
February 6: VanEck Predicts Solana (SOL)WillReach520 by the End of the Year
Asset manager VanEck projected that Solana’s native token, SOL, could surge to $520 by year-end. The prediction highlights Solana’s growing prominence in the blockchain ecosystem and its potential for significant growth.
February 7: WisdomTree, Bitwise & 21Shares File $XRP ETFs with CBOE
Leading asset managers WisdomTree, Bitwise, and 21Shares filed applications for XRP-based ETFs with the CBOE. The filings indicate increasing institutional interest in XRP and its potential as a regulated investment product.
February 7: President Trump to Issue Reciprocal Tariffs to Match Those Imposed by Other Countries
President Trump announced plans to implement reciprocal tariffs in response to measures taken by other nations. The move aims to protect U.S. interests and maintain a level playing field in international trade.
February 7: European Union to Offer Lower Tariffs on US Cars
The European Union proposed reducing tariffs on U.S. cars as part of efforts to ease trade tensions. The initiative reflects ongoing negotiations to strengthen economic ties between the two regions.
February 7: Tornado Cash Co-Founder Alexey Pertsev Released from Prison
Alexey Pertsev, co-founder of the privacy-focused crypto mixer Tornado Cash, was released from prison. His case has sparked debates about the balance between privacy and regulatory oversight in the cryptocurrency space.
February 7: President Trump Says Elon Musk’s DOGE Will Audit the Pentagon’s Spending
President Trump announced that Elon Musk’s Department of Government Efficiency (DOGE) would conduct an audit of Pentagon spending. The initiative aims to identify and eliminate wasteful expenditures within the defense budget19.
February 8: Bankrupt Crypto Exchange FTX to Begin Repaying Customers on February 18
FTX, the bankrupt cryptocurrency exchange, announced plans to start repaying customers on February 18. The move marks a significant step in resolving the fallout from FTX’s collapse and restoring trust in the crypto industry.