1. Trump's tariff measures suppress Bitcoin's upward momentum
After the White House dismissed a hopeful report on tariff delays, familiar circumstances arose in the cryptocurrency sector again. Looking back, President Trump promised on Thursday to impose a 25% tariff on Mexico and Canada starting Saturday, February 1. Prior to this announcement, Bitcoin (BTC) had surged over $106,000 but then quickly retraced 2% to around $104,000. The U.S. stock market gave back much of its early gains but still closed higher. On Friday, Reuters reported that tariffs would be postponed to March 1 as countries are developing procedures allowing exemptions for certain export products. However, the White House called the report 'false,' with Trump's press secretary, Caroline Levitt, stating just moments ago that tariffs—including a 10% tariff on China—would take effect tomorrow. Similar to Thursday, Bitcoin had earlier climbed to above $106,000, seemingly poised to challenge the new record of over $109,000. However, news of the tariffs caused prices to plunge again, and at the time of writing, Bitcoin was trading slightly below $103,000, having dropped 2.3% in the past 24 hours. The broader CoinDesk 20 index fell 1.3% during the same period, performing well mainly due to a 1.2% increase in Ethereum (ETH). Checking traditional markets, the U.S. stock market remained slightly higher but well below the day's peak. - Original
2. January options contracts expire, market digests Trump trading impact
Greeks.live analyst Adam posted on social media that '80,000 BTC options expire today, with a Put Call Ratio of 0.68, maximum pain at $98,000, with a notional value of $8.38 billion. 603,000 ETH options also expire today, with a Put Call Ratio of 0.43, maximum pain at $3,300, with a notional value of $1.96 billion. The market has been relatively quiet this week, primarily digesting the trading impact from Trump over the past three months, with monthly expiration volume accounting for nearly 30% of total open interest, and the proportion of quarterly options expiring at the end of March reaching 50%. Trump's administration has not brought the expected influx of funds to the crypto industry, but rather weakened the crypto market due to the issuance of memes and slow policy announcements. However, in the long run, there is still much to look forward to. The Federal Reserve's meeting maintained no interest rate cuts, and subsequent macro event expectations are also relatively stable. Focus this week on changes in U.S. government policy and ETF inflows.' - Original
3. Federal Reserve officials discuss Bitcoin reserve limitations
Federal Reserve official Goolsbee stated that there are legal restrictions on the assets that the Federal Reserve can hold on its balance sheet when asked about Bitcoin reserves. - Original
4. UK gang sentenced for extortion involving cryptocurrency
Following the official launch of tokens by President Donald Trump and First Lady Melania Trump, Elon Musk's father, Errol Musk, has also joined the memecoin trend. According to local media, a seven-member gang in the UK kidnapped, tortured, and extorted £100,000 ($125,000) in cryptocurrency from a vulnerable man over several months, before being rescued by police. The gang has since been sentenced to prison. - Original
5. Coinbase acquires on-chain advertising platform Spindl
Coinbase has acquired the on-chain advertising platform Spindl, founded by renowned tech commentator Antonio Garcia-Martinez. - Original
6. Cryptocurrency market options positions decrease
The current total open interest for OKX BTC options contracts is 22,494.25 BTC, with a 22% drop in the past 24 hours, indicating a decrease in activity in the options trading market. Data for reference only. Interpretation: Open interest refers to the total number of outstanding options contracts in the market, reflecting current market expectations and views on the future price movement of a particular underlying asset. Data for reference only. - Original
7. GlobalXETFs applies for a Bitcoin options ETF
The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)
