Changpeng Zhao, founder of Binance, made a surprise return to the United States. The visit was his first time in since his release in 2024. Moreover, its appearance garnered instant attention in the crypto and financial community, the world over.
Bitcoin (BTC) saw a spike today during early trading hours after the U.S. Supreme Court ruled against tariffs imposed by President Donald Trump, stating that the president did not have authority to impose them under the International Emergency Economic Powers Act (IEEPA). Because, obviously, the only thing worse than a president’s overreach is a president’s overreach that also happens to be a bad idea.
By February 20, 2026, the once-proud USDT had slunk into the shadows, its supply dwindling by a princely sum of 1.5 billion dollars. Having strutted up to 187 billion dollars in January, it now simpered at 184 billion, a two-year slump that would make a Victorian dowager gasp. The market cap’s first negative growth in years was the crypto equivalent of a debutante tripping over her hem at a ball.
Now, on the daily chart, we observe that our dear friend ETH continues to frolic within the confines of a descending channel-a rather posh establishment, if one might say. The midline is behaving like a stern but fair doorman, refusing entry to any would-be upward adventurers, while the $1.8K zone acts like a trusty old doormat, steadfastly holding down the fort. In the wake of that tumultuous sell-off, the price action has become more choppy than a bad haircut, leaving us with overlapping candles and minor retracements that scream indecision louder than a toddler at a birthday party.
In a tweet that’s probably worth more than my entire retirement fund, CZ casually mentioned that the UAE now sees Bitcoin as a store of value, just like gold. Because, you know, who needs jewelry when you can have digital coins? His humblebrag included the phrase, “I might have done a tiny bit of advocacy for this.” Right, just like I might have done a tiny bit of complaining about my neighbor’s loud music. It’s basically the same thing.
In a ruling that could only be described as a judicial mic drop, the court declared that Trump had, in his fervor for unilateral action, exceeded the bounds of his presidential authority by wielding emergency powers to impose such sweeping tariffs sans the blessings of Congress. The decision serves as a grand reminder that, in the intricate dance of power, Congress is not merely a wallflower but rather the lead partner over tariffs.
But let us not get carried away, darling! On the technical front, our dear SOL is trailing behind like a forgetful debutante at her own ball. In just one month, it has taken a dramatic 30% nosedive-quite the performance, I must say! And as we twiddle our thumbs, there are no signs of a bullish reversal peeking around the corner.
In a turn of events that would make even the most jaded investor weep, the crypto world witnessed a mass exodus of XRP from Binance, as whales spirited away $284 million in a single, decisive act of fiscal rebellion. One might suppose they were fleeing a fiscal apocalypse, though the precise nature of this calamity remains shrouded in the same mystique that has long surrounded the cryptocurrency market.
According to Nick Timiraos, the Wall Street Journal’s resident sage, forecasters expect both headline and core PCE to rise 0.37% month-over-month in December. That’s a 4.5% annualized pace, mind you. Core PCE would hit 3.0% year-over-year, the highest since February 2025, while headline PCE is pegged at 2.9%, a high not seen since March 2024. It’s enough to make a man wonder if the economy’s got a fever, and the only prescription is more inflation.
The man who traded a Gucci belt for orange jumpsuits in 2024 is back, sipping champagne where oligarchs weep into their caviar. Remember when he “learned a lot” in prison? Turns out, the curriculum included “How to Network with Billionaires Over Lobster Risotto.”
