Market Overview

U.S. payrolls rose by 130,000 in January, more than expected; unemployment down to 4.3%: Job growth was stronger than expected to start 2026, providing some relief to concerns about the state of the U.S. labor market.
Tariff revenue soars more than 300% as U.S. awaits Supreme Court decision.
Republican House leaders tried, and failed, to pass a measure on Tuesday that would have blocked House disapproval votes on Trump tariffs through July.

US Spot ETF Flows

US BTC Spot ETF Flows

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Crypto Liquidations Summary

• Franklin Templeton launched an institutional off-exchange collateral program with Binance allowing clients to pledge tokenized money market fund shares as trading collateral while assets remain in regulated custody with Ceffu Custody in Dubai, enabling institutions to earn yield on MMF holdings without moving assets onto the exchange.
• Spot Bitcoin ETFs posted $311 million inflows this week, nearly offsetting last week’s $318 million outflows, despite a 13% decline in Bitcoin value.
• Hong Kong’s SFC allows licensed brokers to offer digital asset margin financing and sets a framework for crypto perpetuals for professionals, effective immediately, according to the SFC’s regulatory update. Initially, only Bitcoin and Ether will be eligible as collateral. 
• Arkham Exchange is pivoting to a fully decentralized platform, according to the CEO, amid record DEX derivatives growth.
• BlackRock brings its $2.1 billion tokenized Treasury fund (BUIDL) to Uniswap for institutional token trading, expanding Wall Street’s push into on-chain finance and DeFi.
• Chainlink launches price feeds for Ondo’s tokenized US stocks, including SPYon, QQQon, and TSLAon, on Ethereum, enabling their use as collateral in DeFi lending markets.
• Coinbase launches crypto wallets for AI agents, allowing users to set controls and permissions for 24/7 trade execution and liquidity management.

L’article Daily Report 12 Feb 2026 est apparu en premier sur Valenium Capital AG.

Market Overview

• The US and Taiwan have finalized a trade agreement to cut tariffs and boost market access for American products in Asia, with Taiwan committing to purchase over $84 billion of US goods, including energy and aviation products.
• India has approved a $40 billion defense deal to purchase six US maritime surveillance aircraft, 114 French fighter jets, and missiles, marking a significant shift in the country’s defense partnerships.
• The US Bureau of Labor Statistics is set to release the January Consumer Price Index (CPI) inflation report on Friday, which is expected to provide insight into the state of inflation in the US economy.
• ARK Invest, led by Cathie Wood, buys nearly $50 million of Robinhood, Bullish, and Circle shares as Bitcoin falls below $66,000, with $276 million in outflows from US spot BTC ETFs.
• Fidelity Investments launched two Ethereum-based products—a tokenized money market fund (FDIT) and a 1:1 USD-backed stablecoin (FIDD)—positioning itself to control both yield and settlement within its ecosystem amid new regulatory clarity under the GENIUS Act.
• Binance completed its $1 billion conversion of its SAFU emergency fund into 15,000 Bitcoin—purchased at an average cost of $67,000 per coin—cementing BTC as its core long-term reserve asset and committing to rebalance if the fund falls below $800 million.
• The United Kingdom government has appointed HSBC’s Orion platform to power its DIGIT pilot issuing tokenized government bonds within the Digital Securities Sandbox, aiming to modernize gilt markets through blockchain to improve efficiency, reduce costs, and enhance security.
• Securitize, alongside Hamilton Lane, OKX Ventures, and STBL, is launching an RWA-backed stablecoin on X Layer using a dual-token structure that separates yield from the stable unit to align with evolving US regulations on yield-bearing stablecoins.
• Onchain data from CryptoQuant shows nearly 49,000 BTC left miner wallets over two days in early February amid sharp price volatility, but public disclosures from firms such as CleanSpark and Cango indicate limited confirmed selling, suggesting the outflows likely reflect broader ecosystem movements rather than widespread miner capitulation.
• 21Shares partners with BitGo to expand regulated staking and custody support across the US and Europe for its multibillion-dollar digital asset investment platform.
• Coinbase reports $667M net loss in Q4, missing Wall Street expectations as crypto markets fell, its first net loss since Q3 2023.
• The Commodity Futures Trading Commission (CFTC) adds Coinbase and Ripple executives to its 35-member Innovation Advisory Committee, launched by CFTC chair Mike Selig in January with 12 initial members.
• Bitcoin futures open interest has fallen 28% to $34 billion amid weak US macro data and bearish derivatives signals, but steady BTC-denominated leverage and strong US-listed ETF volumes suggest institutional demand may be cooling rather than fully exiting.

US Spot ETF Flows

US BTC Spot ETF Flows

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Crypto Liquidations Summary

L’article Daily Report 13 Feb 2026 est apparu en premier sur Valenium Capital AG.

Market Overview

• Wall Street traded without a clear direction overnight after disappointing retail sales figures strengthened expectations of Federal Reserve rate cuts, but the data failed to lift the S&P 500 to new record highs.
• Consumer activity slowed sharply for the December holiday shopping season, with December retail sales coming in flat and below expectations.
  Economists expect that the nonfarm payrolls report should show growth that was nil or not much better during the month, providing insight into the state of the US labor market.
• European equities closed mostly unchanged as a mixed set of earnings results saw strong gains in luxury and automotive stocks counterbalanced by declines in the energy and insurance sectors.
• China’s consumer inflation rose less than expected in January, while the deflation in producer prices persisted, indicating a mixed picture for the country’s economy.

US Spot ETF Flows

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Crypto Liquidations Summary

• Tether Gold and Paxos-listed PAX Gold drive tokenized commodities market to over $6 billion, accounting for over 95% of the tokenized gold market.
• Gemini exits the UK due to slow and overlapping crypto rules, citing compliance frictions as a major obstacle to the country’s global hub ambitions, according to industry groups and exchanges.
• Robinhood’s Q4 earnings missed analyst predictions, with shares falling nearly 8% in after-hours trading, despite record Q4 revenues.
• South Korean authorities investigate Bithumb after a $43 billion “phantom” Bitcoin payout of 620,000 BTC to users, citing concerns over internal controls and “paper Bitcoin”.
• Robinhood launches Arbitrum-based Ethereum layer-2 testnet for tokenized assets, deepening its push into DeFi infrastructure and tokenized stocks alongside other major exchanges.

L’article Daily Report 11 Feb 2026 est apparu en premier sur Valenium Capital AG.

Market Overview

• U.S. equities advanced with the S&P 500 climbing 0.5% to 6,977 and the Nasdaq 100 rising 0.8%, as investors recalibrated AI concerns and piled back into beaten-down tech names; chipmakers advanced 1.4%, software ETFs extended their rally to nearly 7%, Nvidia added 2.5%, and Oracle jumped 9.6%; Alphabet’s planned $20 billion bond sale attracted over $100 billion in orders, signaling robust appetite for AI exposure, while Morgan Stanley noted fundamental tailwinds remain with tech projected to deliver 32% EPS growth in 2026; Wednesday’s jobs report (69,000 payrolls expected) and Friday’s CPI will shape Fed rate expectations.
• Taiwan has told Washington that its proposal to move 40% of Taiwan’s semiconductor supply chain is “impossible,” according to Vice Premier Cheng Li-chiun.
• Gold rose 2.4% to $5,083 as dip-buyers returned following last month’s rout, with China’s central bank extending gold purchases for a fifteenth consecutive month; Brent crude gained 1.3% to $68.93 on U.S. warnings about Iranian waters; the Australian dollar strengthened 1.1% to 70.93 US cents as the greenback weakened; Bitcoin wavered near $70,000 despite derivatives markets flashing warning signs with negative funding rates and declining open interest.
• The Stoxx 600 climbed 0.7% led by basic resources surging 2.9% on gold’s recovery above $5,000, with Rio Tinto, Glencore, and Anglo American gaining; industrials rose 1.7% on defense strength, banks climbed 1.3% led by UniCredit’s 6.4% jump on new targets, while STMicroelectronics surged 9.5% on AWS ties and construction closed at an all-time high.

US Spot ETF Flows

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Crypto Liquidations Summary

• Binance added $300 million in Bitcoin to its SAFU reserve, increasing the fund’s value to over $720 million.
• Michael Saylor’s Strategy bought 1,142 BTC for $90M last week at an average $78,815, lifting its total holdings to 714,644 BTC with an overall average cost of $76,056 despite recent price dips.
• Bitcoin miner Cango sold 4,451 BTC for about $305M to cut debt, shore up its balance sheet, and fund a strategic shift toward AI and high-performance computing, accelerating its pivot away from pure mining after weather disruptions and declining Bitcoin reserves.
• BitMine, backed by Tom Lee, buys 40,613 ETH during last week’s market sell-off, doubling down on its Ether strategy despite facing multibillion-dollar unrealized losses.
• Polymarket sues Massachusetts, claiming states can’t regulate CFTC-approved prediction markets, arguing federal approval preempts state authority, according to their federal court filing.
• Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week according to data from Glassnode and CryptoQuant.

L’article Daily Report 10 Feb 2026 est apparu en premier sur Valenium Capital AG.

Bitcoin Long Term Chart

BTC sold off in line with expectations reaching a new low of 60033 before correcting. We need to look to the short term chart to see if that was the end of wave 4.

Bitcoin Short Term Chart

Last time we said ‘We should now correct higher in wave iv and it looks as if 2 of them have already been completed. Look for a rally to the 80570 followed by the top of the channel and the 50% retracement level at 82450. Sell there with stops above the wave ii high for push toward the 70k level.’  We traded to 79300 before selling off to 60033. Since then we have retraced in 3 waves to test the 38.2% level at 71909. I do not rule out a push towards the 50% level and the top of the channel at 75600. With no signs of divergence and downward momentum running out of steam I expect to see another sell off to new lows around the 55k level followed by a test of the 50k. We will look for 5 waves lower in this leg to complete the correction. We are still bullish long term and will use this next sell off to get long. A break above 88k will cast doubt on this view.

Ethereum Long Term Chart

ETH broke lower and accelerated down to 1746 before correcting back this morning to a high of 2150. I am showing wave (iv) as complete but we do not rule out another push higher to test the 2241 or 2393 level. Whilst below 2784 we continue to look for a final 5 waves to new lows before a low is in place.

Ethereum Short Term Chart

Last time I said  ‘We traded to 3036 enabling us to sell and since then we have sold off in 3 waves. Looking at the divergence in the MACD we expect another leg higher towards the 2480-2520 area before the sell off resumes. A move back above 2800 would negate this current view.’ We just traded lower, never getting the chance to add to our shorts . I am selling now with stops above 2800 for a test towards the 1500-1630 level.

L’article Crypto Charts 9th Feb. est apparu en premier sur Valenium Capital AG.

Market Overview

U.S. equities staged their most impressive comeback since May, with the S&P 500 climbing 2% to 6,932 and the Dow breaking 50,000 for the first time at 50,116 (+2.5%), as bargain hunters drove the Nasdaq 100 up 2.15%; semiconductors soared 5.7% after Nvidia’s CEO confirmed strong AI demand, while software rebounded 3.5%; the Russell 2000 jumped 3.6% with broad-based strength across 400+ S&P 500 stocks.
European stocks rose 0.9% as construction surged 3.5% (Vinci +9.9%), banks added 1.4% to 2008 highs, and pharmaceuticals rebounded with Novo Nordisk +5.3%; however, autos tumbled 3% after Stellantis crashed 24.2% on a €22 billion writedown from unwinding EV bets.
Gold surged 3.9% to $4,964 as a safe-haven asset; oil edged 0.7% higher to $68.05 on U.S.-Iran de-escalation talks; Bitcoin recovered 11% to $70,000.
Japan’s Nikkei 225 crossed 57,000 for the first time as Takaichi secures historic mandate: The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower house, public broadcaster NHK reported. Japan’s defense stocks surged on Monday after Prime Minister Sanae Takaichi’s historic election victory raised investor expectations that her drive to strengthen Japan’s defense capabilities will accelerate.

US Spot ETF Flows

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Crypto Liquidations Summary

• Metaplanet, led by CEO Simon Gerovich, vows to continue buying Bitcoin despite current market downturn, sticking to its accumulation plan.
• Pump.fun acquires Vyper, adding analytics and execution tools to its ecosystem as Vyper migrates users to Terminal, enhancing Pump.fun’s trading infrastructure capabilities.
• ARK Invest, led by Cathie Wood, sells $17.4 million in Coinbase stock, buying $17.8 million in Bullish shares, as Coinbase’s shares fall 37% year-to-date, according to recent transaction data.
• The People’s Bank of China bans stablecoin and RWA issuance by foreign and domestic companies, following months of regulatory uncertainty regarding yuan-pegged stablecoins.
• Tether helps Turkey seize $544 million in crypto tied to illegal betting, as part of its efforts to freeze $3.4 billion in USDT across 1,800 cases in 62 countries.
• Bitcoin’s mining difficulty drops by over 11%, the sharpest decline since the 2021 China ban, when it dropped by as much as 27% within a single adjustment period.
• The Commodity Futures Trading Commission (CFTC) has revised its staff letter to expand payment stablecoin criteria to include national trust banks, per the GENIUS stablecoin framework regulations.
• ARK Invest sells 134,472 Coinbase shares, valued at $22 million, and buys over 393,000 Bullish shares, according to recent transactions, per Cathie Wood’s investment strategy.

L’article Daily Report 9 Feb 2026 est apparu en premier sur Valenium Capital AG.

Market Overview

U.S. equities markets tumbled with the S&P 500 declining 1.23%, the Nasdaq 100 shedding 1.59% in its worst three-day decline since April, and the Dow dropping 1.2% across nine of eleven major sectors, driven by weak jobs data showing the largest number of January job cuts since 2009, unexpected rise in unemployment applications, and job openings falling to their lowest level since 2020. Weak employment figures lifted Fed rate cut expectations for June to nearly 50%, pushing the 10-year Treasury yield down seven basis points to 4.20% and the 2-year down eight basis points to 3.47%.
Consumer Sentiment data is scheduled for release.
The Stoxx Europe 600 fell 1%, with miners among the biggest laggards following silver’s dramatic plunge and Glencore sinking 7% after Rio Tinto walked away from merger talks over valuation disagreements; Novo Nordisk tumbled 7.9% after Hims & Hers announced plans for a cheaper copycat weight loss pill.
The Bank of England held rates steady but came within a single vote of cutting while the ECB kept rates unchanged amid stronger euro concerns and trade uncertainty.
Bitcoin crashed 12% to around $63,650, falling below $64,000 as forced deleveraging sparked capitulation in digital assets, erasing nearly half its value since October highs; silver plunged 16% to $73.95 while gold shed 3% to $4,817 per ounce; oil prices weakened with Brent crude falling 2.9% to $67.46 and WTI dropping 2.7% to $63.38.

US Spot ETF Flows

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Crypto Liquidations Summary

• Tether’s USDt reached a record $187.3 billion market cap in Q4, adding $12.4 billion despite the crypto downturn, with increased users and on-chain activity, according to the data.
• Vitalik Buterin sells 3,000 ETH worth $6.6 million after announcing planned withdrawals from his holdings.
• Strategy announces a $12.4B Q4 loss with shares down 17% as Bitcoin values tumble, according to executives Phong Le and Andrew Kang, who note the company is down 17.5% on its Bitcoin holdings.
• BlackRock’s iShares Bitcoin Trust ETF hit a daily volume record of $10 billion on Thursday amid a 12% Bitcoin price drop in 24 hours.
• Tether invests $150M in Gold.com to explore using its stablecoins for purchasing physical gold.
• Santiment reports large Bitcoin holders’ share of supply hits 9-month low, with large holders selling and retail investors buying.

L’article Daily Report 6 Feb 2026 est apparu en premier sur Valenium Capital AG.

Market Overview

The January jobs report delayed by the brief government shutdown will be released next week, the Bureau of Labor Statistics said Wednesday.
U.S. proposes critical minerals trade bloc aimed at countering China’s grip: The U.S. is mobilizing allies into a preferential trade bloc for critical minerals as part of efforts to counter China’s dominance in the market.
China’s Xi reasserts Taiwan stance in call with Trump, while U.S. president pushes trade: Beijing stressed Taiwan is the most important issue while Trump highlights the trade aspects of the bilateral relations.

US Spot ETF Flows

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Crypto Liquidations Summary

• Spot Bitcoin ETF assets fell below $100 billion with $272 million in outflows, nearing $1.3 billion in year-to-date losses.
• In January 2026, the Dubai Financial Services Authority (DFSA) banned privacy coins like Monero and Zcash from use on licensed venues within the Dubai International Financial Centre (DIFC).
• Bitcoin’s open interest falls by $55 billion in 30 days, per Cointelegraph, as futures traders reduce activity amidst BTC price weakness.
• CME, under CEO Terry Duffy, is exploring its own token issuance and piloting tokenized cash infrastructure with Google, as announced on the company’s earnings call.
• Bhutan moves $22M in Bitcoin, reducing its holdings by 57.1% from 13,295 BTC to 5,700 BTC, slipping to the seventh-largest nation-state Bitcoin holder as of October 2024.
• Bitwise to acquire Chorus One as Ethereum’s validator backlog exceeds 4 million ETH, with wait times over 70 days and more than 30% of supply locked in staking, according to report.

L’article Daily Report 5 Feb 2026 est apparu en premier sur Valenium Capital AG.

Market Overview

U.S. equities markets declined with the S&P 500 sliding 0.8% to 6,918 and the Nasdaq 100 falling 1.6% after Anthropic released an AI automation tool that sparked a tech selloff, particularly in software stocks with the iShares Expanded Tech-Software ETF plunging 4.5% and names like Gartner (-21%), PayPal (-20%), and Expedia (-15%) hit hard; however, beneath the surface a rotation into economically sensitive sectors offered hope with the Russell 2000 adding 0.3% and cyclical stocks like FedEx rallying.
MBA Mortgage Applications, ADP Employment Change for January, and ISM Services Index for January are scheduled for release.

The Stoxx 600 edged up 0.1% to an all-time high despite similar AI disruption fears affecting U.S. counterparts, with professional analytics providers RELX and Wolters Kluwer plunging over 10% but basic resources surging 4.2% to their highest level since 2008 led by Anglo American (+7.2%), Rio Tinto (+3.5%), and Glencore (+3.3%); energy stocks climbed 1.5% to a 2008 high while banks closed at their best level since 2008 with ING gaining 3.1%.
CPI Core YoY and MoM data is scheduled for release.

Precious metals staged a dramatic recovery with gold jumping 6% to around $4,939 per ounce and silver surging over 11% to $85.54 after last week’s historic rout; oil prices climbed 2.6% for Brent crude to $68 and 3% for WTI to $64 on Middle East tensions; Bitcoin fell as much as 7% to briefly dip below $73,000 before recovering to around $76,000, erasing all gains since Trump’s election and down 40% from October highs.

US Spot ETF Flows

US BTC Spot ETF Flows

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Crypto Liquidations Summary

• Crypto.com launches standalone prediction market app ‘OG’ after reporting explosive growth in its prediction markets business, entering the booming industry.
• Galaxy Digital reports a $482 million net loss in Q4 2025, due to lower digital asset prices and $160 million in one-time costs.
• Coin Metrics reported a tripling of stablecoin ‘dust’ transactions on Ethereum post-Fusaka, with 43% of 227 million USDC and USDT balance updates being transfers under $1, according to Coin Metrics analysis.
• World Liberty launches a $3.4-billion stablecoin and lending platform to expand its presence in onchain credit and DeFi markets.
• Spot crypto trading volumes plummet 50% since October, hitting 2024 lows, as liquidity and investor demand weaken.

L’article Daily Report 4 Feb 2026 est apparu en premier sur Valenium Capital AG.

Bitcoin Long Term Chart

I haven’t updated the last chart because I said ‘Look for an acceleration on a break-out the channel. The next target to the downside is the wave iii low at 80553 followed by 76000.’ Yesterday’s low was 74540 just below our initial target. So we need to look to the short-term chart for any signs that the sell-off is complete.

Bitcoin Short Term Chart

Last time we said ‘We should now retrace in 3 waves in to the 88.8K-90.5K level , the area of the previous wave (4). I am happy to sell there and lower stops to 97922 level, looking for lower still in the coming weeks.’ We traded up to 90460 and stopped at the 38.2% retracement, enabling us to sell. Since then we have traded down in 5 waves  to complete wave iii. We should now correct higher in wave iv and it looks as if 2 of them have already been completed. Look for a rally to the 80570 followed by the top of the channel and the 50% retracement level at 82450. Sell there with stops above the wave ii high for push toward the 70k level.

Ethereum Long Term Chart

Last time I said, ‘I believe this is the start of wave (d). We should stay above 2774 in wave (d) with the current low 2784, I expect to see a minor recovery in wave (e) to complete the bearish triangle toward the 3100 level before the sell-off resumes.’ We traded down to 2784 in wave D before rallying int 3041 to complete the wave (b) triangle. The break below wave (d) saw an acceleration lower in line with expectations. So what is the target for the wave (c)?.

Ethereum Short Term Chart

Last time I said  ‘I am looking for a zigzag rally toward the retracement levels to complete wave (e) before the sell-off resumes. Look to sell at 3020-3090-3165  with stops above 3445.’ We traded to 3036 enabling us to sell and since then we have sold off in 3 waves. Looking at the divergence in the MACD we expect another leg higher towards the 2480-2520 area before the sell off resumes. A move back above 2800 would negate this current view.

L’article Crypto Charts Update 3rd Feb. est apparu en premier sur Valenium Capital AG.