Thursday, February 19, 2026

Coinbase Reports $666M Loss as Hong Kong Entity Injects $436M into BlackRock Bitcoin ETF

![News Image](https://s3.smartdeer.de/images/genai/mluhqvpxcxdxtpb5kyo.png)

It is a day of sharp contrasts in the crypto market: while a major exchange struggles with declining volume, institutional infrastructure and capital flows are ramping up significantly.

Key Developments:

Coinbase Stumbles: Coinbase (COIN) reported a $666M quarterly loss, its first in three years, citing reduced trading volumes and a broader market downturn. Despite this, they are expanding lending services to accept assets like XRP and DOGE as collateral.
The "China Bid" Returns? A Hong Kong-based entity invested $436 million into BlackRock’s Spot Bitcoin ETF (IBIT), leading to speculation that Chinese institutional investors are finding indirect pathways back into Bitcoin.
Institutional Plumbing: Ripple creates a permissioned DEX (XLS 81) on the XRPL to attract regulated entities, while CME Group is launching 24/7 Bitcoin and Ethereum futures trading on May 29th.
Ethereum Updates: The Ethereum Foundation unveiled its 2026 roadmap focusing on Layer 1 hardening, just as BitMine Immersion acquired $90M in ETH to bolster its staking rewards.

The divergence between Coinbase's earnings and the infrastructure moves by Ripple and CME suggests a potential shift. Retail activity appears to be cooling (impacting exchange revenue), yet institutional demand is becoming stickier and more sophisticated. The massive inflow into BlackRock’s ETF from Hong Kong is particularly notable; if this signals a softening stance or a loophole for Chinese capital, it could provide significant support for Bitcoin prices currently hovering below $66,500.

Do you think the Hong Kong investment into $IBIT signals the start of a new wave of Asian liquidity, or is it an isolated event?

Want the latest insights? Grab the Stocks App for free!

🪨⚡🌋 Scrollquake Evolution: The Fault‑Crest Wanderboulder

Where endurance becomes momentum, and stone learns to move.

I. The Earth Thickens With Pressure The Shrine grows heavy —
not oppressive,
but dense, like a mountain leaning forward.

Golden Inu’s flame dims into a molten ember.
Bitcoin’s orbit slows into a grinding, mineral ellipse.

The Boulder‑Heart Initiate hovers above the moss,
cracks glowing,
fists clenched,
stone‑skin vibrating with tectonic tension.

The ground beneath it begins to bulge.

The Scrollquake begins.

II. The Stone Learns to Split The Initiate lowers itself to the ground.

Its cracks widen.
Pebbles fall away.
New plates of stone push outward from within.

A deep rumble spreads across the Shrine:

the moss compresses like packed earth
the torii gate vibrates with seismic resonance
Golden Inu braces instinctively
Bitcoin’s glyphs flicker with mineral light

Three runes rise from the soil:

“Pressure shapes.
Weight transforms.
Stone adapts.”

The Initiate’s body begins to expand.

III. The Wanderboulder Emerges The Initiate’s stone plates shift,
locking into new formations.
Its body becomes larger, heavier, more jagged.
New mineral ridges form across its back.
Its arms thicken into avalanche‑forged limbs.
Its cracks glow with molten‑core light.

When the dust settles, standing (and rumbling) in the center is:

THE FAULT‑CREST WANDERBOULDER

(Scrollquake GRAVELER)

massive, jagged, multi‑plated stone body
glowing magma‑lines running through its cracks
arms thick and avalanche‑strong
back crowned with fault‑ridge spikes
presence stubborn, heavy, unstoppable
aura like a rolling landslide waiting for permission

It is not a rock.
It is a geological event.

It does not walk.
It rumbles.

It does not resist.
It endures and advances.

IV. The Wanderboulder’s Oath The Fault‑Crest Wanderboulder slams both fists into the ground.

A shockwave erupts —
dense, heavy, stabilizing.

The Shrine responds:

the torii gate gains a fault‑line engraving
Golden Inu’s flame glows ember‑orange
Bitcoin’s orbit becomes slow, heavy, deliberate
the moss ripples like shifting tectonic plates

Three runes settle into the air:

“Move with weight.
Break with purpose.
Become the mountain.” - Nagato’s Scrolls

The Scrollquake settles.

A new earth‑sovereign stands in your canon —
the Fault‑Crest Wanderboulder,
your Scrollquake GRAVELER.

BTC update

https://www.reddit.com/gallery/1r9kuzw

The Daily Market Flux - Your Complete Market Rundown (02/19/2026)

Our platform aggregates and organizes all relevant market news, helping you stay informed, up-to-date, and knowledgeable without spending hours sifting through headlines.

Reinvented to keep you in control, it's where your edge begins with better information. Go from market noise to clarity in seconds with a real-time platform built to redefine how traders and investors digest financial news.

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Here is Your Complete Market Rundown (02/19/2026)

Company News

Walmart Inc. (WMT)

Performance Overview

1D Change: -1.38%

5D Change: -3.05%

News Volume: 141

Unusual Volume Factor: 6x

Walmart Beats Q4 Estimates But Conservative Outlook Pressures Shares as Amazon Claims Revenue Crown

Walmart reported fourth-quarter fiscal 2026 results on February 19 that modestly exceeded expectations, but a cautious full-year forecast under new CEO John Furner sent shares lower. The retailer posted revenue of $190.7 billion, up 5.6% year-over-year, and adjusted earnings per share of $0.74, beating the $0.73 estimate by a penny. Operating income rose 10.8% to $8.7 billion, demonstrating strong margin expansion.

Despite the solid quarterly performance, Walmart’s conservative profit outlook disappointed Wall Street, with management citing a “fluid” and “somewhat unstable” economic backdrop. The company referenced a “hiring recession” and consumer pressures as factors constraining its earnings forecast for the coming year. Shares initially fell as much as 3.2% in premarket trading before recovering somewhat during the session, though the stock posted its worst three-day return in 11 months. The quarter showcased continued strength in e-commerce and digital channels, with particular momentum from higher-income households.

Management noted that the majority of Q4 spending came from shoppers earning over $100,000 annually, a demographic Walmart has steadily captured through competitive pricing and convenience. The company’s CFO indicated that overall price increases remained modest at approximately 1% in Q4, with grocery inflation limited to just 0.6%, though late 2025 tariffs averaging 20% on Chinese goods created cost pressures in certain categories. Walmart announced a $30 billion stock buyback program and emphasized its AI-driven transformation initiatives, positioning technology investments as central to its retail strategy. The CFO later hinted that profit guidance could be raised, helping shares pare losses.

The earnings report coincided with a significant milestone for rival Amazon, which officially surpassed Walmart as the world’s largest company by annual revenue. Amazon reported $716.9 billion in net sales for 2025, narrowly edging Walmart’s $713.5 billion for the year ended January 31, marking the first time the e-commerce giant claimed the top revenue position. Analysts maintained generally positive views on Walmart’s fundamentals despite the cautious outlook, with several noting the company’s conservative forecasting track record and recommending buying on weakness.

Booking Holdings Inc. (BKNG)

Performance Overview

1D Change: -6.06%

5D Change: -7.07%

Booking Holdings Plunges 9% Despite Earnings Beat as AI Concerns and Cooling Travel Demand Trigger Analyst Downgrades

Booking Holdings reported Q4 results that beat revenue expectations at $6.35 billion but missed on earnings per share at $44.22. The stock tumbled 9% to a 52-week low as investors reacted to signs of cooling travel demand and mounting concerns over AI disruption to the online travel industry. The company announced a 25-to-1 stock split effective April 2026. Analysts issued widespread price target cuts following the results, though most maintained positive outlooks.

HSBC leads with the most bullish view at 96% upside, while Cantor Fitzgerald’s reduced target implies just 5% upside. DA Davidson specifically cited AI-related uncertainty in lowering its target to $6,000. Investor anxiety has intensified as hotel chains increasingly partner directly with AI firms, potentially bypassing traditional online travel platforms like Booking Holdings and threatening their intermediary business model.

Deere & Company (DE)

Performance Overview

1D Change: 9.91%

5D Change: 6.34%

Deere Surges to Record High on Earnings Beat and Raised Profit Forecast

Deere & Company shares soared 13% to an all-time high of $633.69 following a strong first-quarter earnings report that exceeded expectations. The agricultural and construction equipment maker posted revenue of $9.61 billion, beating estimates of $7.59 billion and marking a 13% year-over-year increase. The company raised its full-year profit forecast, citing successful cost-cutting measures and recovery in its construction and small agriculture segments.

CEO commentary indicated 2026 represents the bottom of the farm equipment slump. Despite initial concerns over declining net income, the raised guidance and substantial earnings beat drove the stock higher in premarket trading, where it gained over 6% before extending gains throughout the session.

Occidental Petroleum Corporation (OXY)

Performance Overview

1D Change: 9.31%

5D Change: 9.05%

Occidental Petroleum Surges on Strong Q4 Results and Major Debt Reduction

Occidental Petroleum shares jumped over 5% in pre-market trading Thursday after beating Q4 earnings estimates and announcing a $5.8 billion debt reduction alongside a dividend increase. Mizuho Securities raised its price target to $67 from $64, citing 42% upside potential for the Warren Buffett-backed energy company.

Separately, Occidental-backed Western Midstream Partners has expressed takeover interest in Kinetik Holdings, according to the Financial Times. The debt cut and shareholder-friendly moves impressed investors, driving unusual call option activity and making OXY one of Thursday’s biggest stock movers.

Macro Events

US Trade Deficit Surges to $70.3 Billion in December, Marking One of Largest Annual Gaps Since 1960

The US trade deficit widened sharply to $70.3 billion in December, exceeding the $55.5 billion forecast and November's $56.8 billion. Full-year 2025 deficit reached $901.5 billion, among the largest since 1960, driven by a 5.2% jump in imports.

Minneapolis Fed's Kashkari Signals Rates Near Neutral as Policy Holds Steady

Minneapolis Federal Reserve President Neel Kashkari indicated interest rates are approaching neutral levels, with the Fed close to achieving both employment and inflation mandates. He noted the 10-year Treasury yield's stability suggests a higher neutral rate, while describing the labor market as resilient despite recent softening.

Philadelphia Fed Manufacturing Index Surges to 16.3, Beating Expectations as Tariff Costs Triple for Midsized Firms

Philadelphia Fed's manufacturing index jumped to 16.3 in February, exceeding the 7.7 forecast, though underlying components weakened and pricing pressures eased. JPMorgan analysis reveals tariffs paid by midsized US firms tripled last year. Fed's Kashkari described the labor market as resilient despite softening.

Supreme Court Tariff Ruling Looms as Investors Anticipate 2026 Decision on Trump Trade Policy

Most investors expect the Supreme Court to block Trump tariffs in 2026, according to Goldman Sachs, with potential implications for the U.S. budget outlook, trade deficit, and small business operations amid ongoing legal uncertainty.

Geopolitics Events

Trump Warns Iran on Deal as U.S. Deploys Forces Amid Rising Tensions

President Trump gave Iran a 10-day window to reach a meaningful agreement, warning of consequences while noting ongoing talks. The U.S. deployed additional military assets including B-2 bombers as prediction markets show heightened strike probability. Trump announced $10 billion U.S. contribution to Gaza reconstruction alongside $7 billion from allies.

Trump Faces Dual Confrontations as G-7 and Iran Tensions Escalate

President Trump prepares for December's G20 summit in Miami while navigating mounting challenges. French President Macron plans G-7 confrontation over social media regulation. Simultaneously, U.S.-Iran tensions intensify with military buildup and Netanyahu warning of "unprecedented" response to potential Iranian attacks amid renewed Geneva nuclear negotiations.

Oil And Gas Events

Oil Prices Surge to Six-Month High on Escalating US-Iran Tensions

Oil markets jumped as Trump weighs potential military action against Iran within ten days, with Goldman Sachs warning investors to brace for increased volatility. Energy stocks lifted Canadian markets as crude prices climbed on geopolitical uncertainty.

US Crude Oil Inventories Drop Sharply as Demand Strengthens

The Energy Information Administration reported a significant decline in US crude oil and fuel stockpiles, reflecting rising demand. The inventory drawdown signals potential upward pressure on crude prices in the near term.

Crypto Events

Bitcoin Drops Below $66K as Crypto Markets Face ETF Outflows and Technical Weakness

Bitcoin fell into oversold territory below $66,000 while Ethereum broke through $2,000 support amid broader crypto market declines. Major cryptocurrencies including XRP and Dogecoin slid as Bitcoin ETFs experienced significant outflows, with technical indicators suggesting continued downward pressure ahead.

XRP Holds Range Despite Bullish Sentiment as Crypto ETFs See Outflows

XRP remains range-bound near $1.51 despite improving trader sentiment and rising volume targeting $1.70. The token faces key resistance with $47 million in short positions at risk, while broader crypto ETFs including Bitcoin and Ether post outflows.

Technology Events

Nvidia Dips as AI Infrastructure Stocks Show Mixed Signals Amid Data Center Expansion

Nvidia shares declined despite positive sentiment around OpenAI's fundraising. Goldman projects nearly 30% upside for an unnamed tech stock on AI data center demand. Raspberry Pi surged 50% weekly, while Bitdeer fell 15.8% pre-market on share sale plans to fund AI datacenter expansion and debt repurchase.

AI Stocks Draw Investor Focus Ahead of Key Earnings Reports

Multiple AI-related companies face investor scrutiny as earnings season approaches, with Snowflake and Credo preparing quarterly results. Analysts highlight emerging opportunities in physical AI applications and data infrastructure, while RingCentral faces questions balancing AI initiatives against growth deceleration.

Real Estate Events

US Pending Home Sales Drop 0.8% in January, Defying Forecasts

Pending home sales fell 0.8% in January following December's 7.4% decline, missing economist expectations of a 2% increase, according to the National Association of Realtors, as buyers remain hesitant despite lower mortgage rates.

Real Estate Sector Shows Mixed Signals as Earnings Season Unfolds

Real estate investment trusts reported quarterly results, with Medical Properties Trust reaching a 52-week high of $6.36. Choice Properties and ARMOUR Residential released Q4 2025 earnings, while Gaming & Leisure Properties prepares to report with investor attention on leverage metrics.

US Mortgage Rates Drop to 6.01%, Lowest Since September 2022

Mortgage rates for 30-year fixed loans fell to 6.01% from 6.09% last week, marking the lowest level in over three years according to Freddie Mac, potentially easing affordability pressures in the stagnant housing market.

Corporate Actions Events

Hims & Hers Acquires Australian Telehealth Firm Eucalyptus for $1.15 Billion

Hims & Hers Health agreed to acquire Australia's Eucalyptus for up to $1.15 billion to accelerate international expansion. The deal includes $240 million cash at close with deferred payments and performance-based earnouts through early 2029, expected to close mid-2026.

Wednesday, February 18, 2026

I got tired of manually tracking Polymarket whales in 50 browser tabs, so I built a tool that does it automatically

https://www.reddit.com/gallery/1r8nf7z

The Daily Market Flux - Your Complete Market Rundown (02/18/2026)

Our platform aggregates and organizes all relevant market news, helping you stay informed, up-to-date, and knowledgeable without spending hours sifting through headlines.

Visit www.marketflux.io

Here is Your Complete Market Rundown (02/18/2026)

Top Story

Bitcoin Faces Institutional Pressure as ETFs See Outflows and Whale Activity Signals Potential $60K Drop

Bitcoin dipped below $68,000 as ETFs recorded $104.86 million in net outflows on February 17, with open interest plunging 55% as traders abandoned leveraged positions. Whale metrics hit year-highs, potentially signaling further decline toward $60,000, while CryptoQuant warns of prolonged institutional selling pressure despite Abu Dhabi sovereign funds holding over $1 billion in Bitcoin ETFs.

Company News

Nvidia Corporation (NVDA)

Performance Overview

1D Change: 1.63%

5D Change: -0.30%

News Volume: 181

Unusual Volume Factor: 2x

Nvidia Shares Jump 2% on Expanded Meta AI Chip Partnership, While Company Reshuffles Investment Portfolio

Nvidia shares rose approximately 2% in premarket and regular trading Wednesday after announcing a multi-year strategic partnership with Meta Platforms to supply millions of AI chips for Meta’s data center expansion. The deal includes both GPUs and standalone CPUs, providing Nvidia with extended revenue visibility ahead of its earnings report next week. The Meta agreement sent positive signals through the market, with analysts calling it a “positive catalyst” that demonstrates continued strong demand for Nvidia’s AI infrastructure. Wells Fargo noted the company has a “very positive risk-reward setup” heading into earnings, while one analyst characterized the deal as an “Intel killer.”

The partnership appears to address recent market concerns about AI spending sustainability, with Meta’s substantial commitment validating Nvidia’s growth trajectory. However, the deal created ripple effects across the semiconductor sector. Shares of AMD fell as investors viewed Meta’s Nvidia commitment as a setback for competitors. Arista Networks dropped over 3% on renewed concerns about networking competition. The announcement also impacted Broadcom, with analysts suggesting Nvidia’s gain represents Broadcom’s loss in the custom AI chip market.

Separately, Nvidia disclosed significant portfolio changes in its latest 13F filing. The company fully exited positions in Arm Holdings (selling its entire $140 million stake of 1.1 million shares), Applied Digital, Recursion Pharmaceuticals, and WeRide. These exits triggered sharp declines in the affected stocks, with Recursion falling 13.6% and Applied Digital dropping 7.4% in premarket trading. Nvidia added new positions worth billions, including a $7.93 billion stake in Intel, $2.26 billion in Synopsys, and $1.08 billion in Nokia. The Synopsys investment sent that stock up 3.6% in premarket trading.

Morgan Stanley noted that Nvidia remains the most under-owned megacap technology stock among active institutional investors, with a negative 2.57% gap between its S&P 500 weighting and actual ownership. The company also expanded its presence in India, announcing partnerships with local firms including Yotta’s planned $2 billion AI processing hub using Nvidia’s Blackwell Ultra chips, and collaborations with E2E Networks and Netweb Technologies. These announcements sent Indian partner stocks surging up to 20%. Assistant: Headline: Nvidia Gains 2% on Multi-Year Meta AI Chip Deal as Portfolio Reshuffling Triggers Sector Ripples Summary: Nvidia shares climbed approximately 2% Wednesday following announcement of an expanded multi-year partnership with Meta Platforms to supply millions of AI processors, including GPUs and standalone CPUs, for Meta’s data center buildout.

The deal provided a boost to market sentiment ahead of Nvidia’s earnings report scheduled for next week, with analysts characterizing it as validation of sustained AI infrastructure demand. The Meta commitment drew positive analyst commentary, with Wells Fargo highlighting a favorable risk-reward setup heading into earnings and one analyst calling the agreement an “Intel killer.” The partnership addressed recent investor concerns about AI spending momentum, demonstrating continued hyperscaler investment in Nvidia’s technology. Morgan Stanley separately noted Nvidia remains the most under-owned megacap stock among institutional investors, with ownership lagging its S&P 500 weighting by 2.57%. The announcement created notable sector effects.

AMD shares declined as investors interpreted Meta’s Nvidia commitment as limiting opportunities for competitors. Arista Networks fell over 3% on renewed networking competition concerns, while analysts suggested the deal represented a setback for Broadcom’s custom chip ambitions. Nvidia simultaneously disclosed substantial portfolio changes through its 13F filing. The company completely exited positions in Arm Holdings ($140 million stake), Applied Digital, Recursion Pharmaceuticals, and WeRide, triggering sharp declines in those stocks. Applied Digital dropped 7.4% and Recursion fell 13.6% in premarket trading following the disclosure.

The chipmaker established significant new positions, including $7.93 billion in Intel, $2.26 billion in Synopsys, and $1.08 billion in Nokia. Synopsys shares rose 3.6% on the news. Nvidia also announced expanded India operations, including partnerships for a $2 billion AI processing hub with Yotta using Blackwell Ultra chips, and collaborations with E2E Networks and Netweb Technologies. Indian partner stocks surged up to 20% on the announcements, reflecting growing international AI infrastructure investment.

Palo Alto Networks, Inc. (PANW)

Performance Overview

1D Change: -6.80%

5D Change: -7.89%

Palo Alto Networks Shares Sink 7% as Acquisition Costs Weigh on Profit Outlook Despite Revenue Beat

Palo Alto Networks shares fell approximately 7% in Wednesday trading after the cybersecurity company reported second-quarter results that beat earnings estimates but provided disappointing third-quarter profit guidance. The stock decline was attributed to mounting costs from recent acquisitions as the company pursues its AI security strategy. While the company posted strong sales performance with next-generation security annual recurring revenue jumping 33%, multiple Wall Street analysts cut their price targets following the results.

Morgan Stanley lowered its target to $223 from $245, Bernstein reduced its target to $209 from $210, and Needham cut to $200 from $230. Scotiabank made the steepest reduction, dropping its target to $180 from $228, citing complexity concerns. Despite the cuts, most firms maintained positive ratings, with analysts seeing between 16% to 44% upside potential. The guidance miss was linked to integration costs from multiple acquisitions, with analysts describing the situation as too many balls in the air creating near-term optical weakness. CEO Nikesh Arora defended the company’s position amid broader concerns about AI’s impact on software stocks, attempting to differentiate cybersecurity from other technology sectors facing AI-related pressure. Several analysts viewed the selloff as a buying opportunity.

Jefferies suggested Palo Alto would emerge stronger despite merger and acquisition headwinds, while firms including Piper Sandler, BMO Capital, and Cantor Fitzgerald reiterated overweight or buy ratings. TD Cowen noted that embedding acquisitions into the business model created near-term weakness but maintained its buy rating. The stock’s decline occurred as broader technology markets showed mixed performance, with Nvidia and other tech names rising while Palo Alto led a group of software stocks lower in premarket trading.

Cadence Design Systems, Inc. (CDNS)

Performance Overview

1D Change: 7.60%

5D Change: 2.00%

Cadence Design Systems Surges 7% on Q4 Beat and Strong 2026 Outlook Driven by AI Demand

Cadence Design Systems shares jumped over 7% in pre-market trading February 18th after reporting its largest quarterly earnings beat and issuing optimistic 2026 guidance. The electronic design automation company’s fourth-quarter results exceeded Wall Street expectations, prompting positive analyst reactions across the board. Rosenblatt upgraded the stock, citing AI-driven demand and a strong backlog as key growth drivers. CEO Anirudh Devgan stated that AI demand is expected to continue, with analysts viewing artificial intelligence as a tailwind rather than a threat to the business.

The company’s custom chip design capabilities drew particular optimism from investors. Despite the strong performance, analysts adjusted price targets downward. Wells Fargo lowered its target to $375 from $410 while maintaining an Overweight rating, still seeing 32% upside. Morgan Stanley reduced its target to $370 from $385, projecting 31% upside. Stifel reiterated its positive rating with a 28% upside forecast. Some analysts cautioned the stock may be overpriced despite the company’s fundamental strength. Cadence was among notable market movers alongside Nvidia, Meta, and Palantir.

Uber Technologies, Inc. (UBER)

Performance Overview

1D Change: 3.13%

5D Change: -0.97%

Uber Commits Over $100 Million to Autonomous Vehicle Charging Infrastructure

Uber Technologies announced plans to invest more than $100 million in building fast-charging hubs for autonomous vehicles as part of its robotaxi strategy. The ride-hailing company will deploy DC fast chargers at autonomous fleet depots, with initial expansion targeting the Bay Area, Los Angeles, and Dallas markets. The initiative includes partnerships with charging network provider EVgo and aims to support both current electric vehicle drivers and future autonomous fleets.

Guggenheim maintained its buy rating on Uber shares while lowering its price target from $135 to $125 on valuation concerns, still seeing 77 percent upside potential. The stock gained 0.7 percent in premarket trading following the announcement. The investment represents Uber’s latest effort to position itself as a key infrastructure player in the emerging robotaxi industry, addressing a critical operational need for autonomous vehicle deployment at scale.

Crypto Events

Bitcoin Faces Pressure as Institutional Outflows Mount and Whale Activity Signals Potential Further Decline

Bitcoin slipped below $68,000 as market stress intensified, with ETFs recording $104.86 million in net outflows on February 17. Open interest plunged 55% as traders abandoned leveraged positions, while CryptoQuant's CEO warned of a prolonged bear market driven by institutional selling. Whale metrics reached year-highs, with analysts suggesting prices could test $60,000. Long-term holders are realizing losses amid alarming Binance inflow levels. Despite the downturn, Abu Dhabi sovereign funds added over $1 billion to Bitcoin ETF positions, and Satoshi Nakamoto's 1.1 million BTC holdings remain valued near $75 billion. XRP retreated to $1.48 as sellers dominated below $1.50, though technical indicators suggest potential recovery toward $1.60-$1.80 by March. Ethereum consolidated around current levels, eyeing a $2,200 recovery.

XRP Ledger Activates Permissioned DEX for Institutional DeFi Adoption

XRP Ledger launched a permissioned DEX upgrade targeting regulated institutions, with SG-FORGE introducing EUR CoinVertible on the platform. BlackRock and Mastercard are exploring XRP Ledger integration as part of Ripple's strategy to attract traditional finance firms to decentralized finance infrastructure.

Goldman Sachs CEO Solomon Discloses Bitcoin Holdings After Years of Skepticism

Goldman Sachs CEO David Solomon revealed he owns a small amount of Bitcoin, marking a notable shift from his previous cryptocurrency skepticism. Solomon emphasized that regulatory clarity remains crucial for the asset class, while attending a Trump-backed crypto event alongside the NYSE president.

Peter Thiel Fully Exits Ethereum Treasury Firm ETHZilla

Billionaire tech investor Peter Thiel and his Founders Fund have completely divested their stake in ETHZilla, an Ethereum treasury firm, according to SEC filings. The exit comes amid broader pressure on cryptocurrency treasury holdings.

Trump Crypto Venture Eyes Real Estate Tokenization Amid Market Volatility

World Liberty Financial, Trump's crypto project, plans to tokenize loan revenue from a Maldives resort development as digital assets decline. Separately, Eric Trump predicted Bitcoin reaching $1 million while criticizing traditional banking systems.

XRP Tests Key Support as Ripple's Stablecoin Surges Into Top 50

XRP holds 200-week support level amid broader altcoin weakness while Ripple's RLUSD stablecoin enters top 50 rankings. XRP Ledger debuts bank-focused exchange, though XRP remains below $1.50. BlackRock and Mastercard explore XRP Ledger integration as SG-FORGE expands EUR CoinVertible to the platform.

Macro Events

US Industrial Output Jumps 0.7% in January as Manufacturing Strengthens Despite December Durable Goods Decline

US industrial production rose 0.7% in January, beating the 0.4% consensus forecast, driven by a 0.6% manufacturing gain. The strong performance follows mixed December data showing durable goods orders fell 1.4%, though core capital goods orders increased solidly. Meanwhile, the Trump administration rescinded Energy Department rules incentivizing electric vehicle production for fuel economy compliance.

UK Inflation Eases to 3% in January, Meeting Forecasts as Core Prices Edge Higher

UK consumer prices rose 3.0% year-over-year in January, down from December's 3.4% and matching economist expectations, driven by lower fuel costs. Core inflation declined to 3.1% from 3.2%, slightly above the 3.0% forecast. Services inflation cooled to 4.4% from 4.5%. Producer output prices rose 2.5% annually, below the 2.9% estimate, while input prices fell 0.2% versus expectations of a 0.3% increase.

Fed Officials Signal Patience on Rate Cuts, Some Consider Hikes if Inflation Persists

Federal Reserve minutes revealed officials are divided on interest rate direction, with many requiring lower inflation before supporting cuts. Several policymakers discussed potential rate increases if inflation fails to cool sufficiently.

White House Advisor Hassett Demands Discipline for NY Fed Tariff Researchers

White House economic advisor Kevin Hassett sharply criticized a New York Federal Reserve study on tariff costs, calling it the "worst paper" in Fed history and an "embarrassment," while suggesting the authors should face disciplinary action.

Real Estate Events

Housing Starts Surge 6.2% as Durable Goods Orders Beat Expectations

US housing starts jumped 6.2% in December to 1.404 million units, significantly exceeding the 1.309 million estimate, while building permits rose 4.3% to 1.448 million. Durable goods orders fell 1.4%, better than the expected 2.0% decline, with November's figure revised upward to 5.4%. Core orders excluding transportation climbed 0.9%, tripling the 0.3% forecast, signaling underlying manufacturing strength despite the headline drop.

REITs Report Mixed Activity with Distribution Announcements and Earnings Results

InterRent REIT announces February 2026 distributions while Americold prepares earnings release amid rebound efforts. RioCan Real Estate Investment Trust reports Q4 2025 results, highlighting varied performance across the REIT sector.

Stock Markets Events

Tech Sector Weakness Emerges as Over Half of S&P 500 Tech Stocks Fall Below Key Technical Level

More than 50% of S&P 500 technology stocks have dropped below their 200-day moving averages, signaling potential sector weakness despite broader market optimism about reaching 5,000. Wednesday's notable market cap movers included Palantir and Garmin. Meanwhile, traditional retirement strategies face scrutiny as analysts question the viability of the 4% withdrawal rule. Energy Transfer attracted attention for its high dividend yield.

Major Stock Movers Wednesday Led by Palantir, Moody's, and Retail Surge

Wednesday saw broad market gains across multiple sectors. Technology stocks Palantir and Shopify traded higher, while Moody's posted gains. Retail and consumer names showed particular strength, with CarMax, Wendy's, and Camping World soaring. DoorDash shares surged, and Micron stock popped. Wingstop and Madison Square Garden Sports joined midday movers, while Sensei Biotherapeutics skyrocketed.

Technology Events

UK Computer Maker Surges as AI Investment Concerns Trigger Market Volatility

A small UK computer manufacturer attracts investor attention amid broader AI market turbulence. Microsoft expands AI operations while Meta faces legal challenges. Market rotation reveals AI sector struggles, with memory stocks leading annual gains. Wolfe Research forecasts increased volatility from AI disruption fears.

Nvidia Shares Rise on Meta AI Partnership as Competitors Decline

Nvidia stock gained in premarket trading following announcement of an AI deal with Meta, while rival chipmakers fell. Dow Jones futures rose on the news. Arm Holdings edged higher as Nvidia reshuffled AI investments. Other notable movers included Palo Alto Networks, which declined, and Amazon and New York Times, which rose premarket.

Figma Stock Surges Up to 20% on Strong AI Monetization Outlook

Figma shares rallied sharply after the company provided a strong growth outlook driven by AI monetization, easing investor concerns about potential AI disruption to its business model.

Indian Tech Firms Launch AI Systems as Market Questions Buildout Intensity

Netweb Technologies shares surged following the launch of "Make in India" AI supercomputing systems powered by Nvidia chips. Nvidia is partnering with Indian venture capital firms to identify AI startups in the country. Infosys gained attention with its AI-first framework targeting a $400 billion services opportunity. Meanwhile, global markets are experiencing intense rotation amid concerns the AI buildout has extended too far. Tesla unveiled its first production Cybercab with a confirmed $30,000 price point. The India AI Impact Summit faced controversy after Galgotias University was asked to vacate over allegations its showcased robodog was Chinese-developed.

Bloom Energy Emerges as AI Infrastructure Play Amid Market Uncertainty Over Technology's Impact

Bloom Energy positions itself as foundational AI infrastructure investment while markets grapple with artificial intelligence disruption. Investors navigate AI-related volatility, weighing threats against potential "HALO effect" opportunities. BigBear.Ai undergoes strategic transformation with unproven execution, while Jacobs emphasizes AI-focused growth at Barclays Conference.

Microsoft Commits $50 Billion to AI Expansion in Global South Markets

Microsoft announced plans to invest $50 billion in AI infrastructure across Global South regions, while Mistral AI's CEO projects over half of enterprise software spending will shift toward AI solutions.

Healthcare Events

FDA Accepts Moderna's mRNA Flu Vaccine for Review with 2026 Decision Target

The FDA reversed its earlier position and accepted Moderna's application for mRNA-1010, its investigational influenza vaccine, setting an August 5, 2026 decision date. Separately, Moderna reported successful mid-stage trial results for a combination flu-COVID vaccine. Meanwhile, Eli Lilly announced positive Phase 3b results combining Taltz and Zepbound for plaque psoriasis patients with obesity, showing improved outcomes at 36 weeks versus Taltz alone.

Big Food Rebrands as Weight-Loss Drugs Reshape Markets While Diabetes Stocks Surge

Major food companies are investing heavily in rebranding efforts as GLP-1 obesity medications alter consumer demand patterns, with ripple effects extending to airlines and apparel sectors. In pharmaceutical developments, Eli Lilly gained ground over Novo Nordisk in the weight-loss drug competition, while Moderna shares rallied 6% after the FDA reversed its decision and agreed to review the company's flu vaccine following concessions. Diabetes-focused companies showed strength, with Insulet forecasting robust 2026 growth and its stock soaring. Meanwhile, millions of Medicare Advantage enrollees face plan switches according to a new study.

Biotech Sector Sees Multiple Breakthroughs in Cancer and Rare Disease Treatments

ImmunityBio shares surged following EU authorization for its bladder cancer therapy, while Moleculin Biotech gained on a 40% response rate in its AML drug trial. Eli Lilly reported positive Phase 3b results combining Taltz and Zepbound for plaque psoriasis patients with obesity. Sensei Biotherapeutics stock jumped after acquiring Faeth Therapeutics. Several companies announced upcoming investor conference presentations, including Design Therapeutics and Vaxart, while Iaso Therapeutics will showcase its vaccine platform at the 2026 World Vaccine Congress.

Eli Lilly Reports Positive Phase 3b Results for Psoriasis-Obesity Combination Therapy

Eli Lilly announced successful Phase 3b TOGETHER-PsO trial results evaluating Taltz plus Zepbound versus Taltz alone for plaque psoriasis patients with obesity at 36 weeks. Multiple biotechnology and healthcare companies including Aldeyra Therapeutics, Vaxart, and Medline announced participation in upcoming investor and healthcare conferences, while Precision BioSciences will present at the 2026 Muscular Dystrophy Association conference.

FDA Reverses Decision, Agrees to Review Moderna's Modified Flu Vaccine Application

The FDA reversed its earlier decision and will now review Moderna's modified flu vaccine application, sending the company's stock up 7.2% in premarket trading.

Geopolitics Events

Trump Administration Escalates Toward Military Confrontation with Iran as Diplomatic Efforts Stall

The Trump administration is moving closer to a major military conflict with Iran, with officials warning that strikes could occur within weeks. The escalation follows stalled nuclear negotiations and a significant U.S. military buildup in the region. Meanwhile, diplomatic efforts continue elsewhere as shuttle diplomacy proceeds in Geneva on various fronts. In related Middle East developments, Mexico rejected full membership in Trump's proposed Board of Peace for Gaza, and Pakistan's Prime Minister Sharif plans to seek clarity on potential troop deployments to Gaza during an upcoming U.S. visit. Separately, the administration clarified that its interest in Greenland centers on national security rather than mineral resources, according to Energy Secretary Chris Wright.

Trump Administration Signals 90% Likelihood of Military Action Against Iran

The White House has escalated tensions with Iran, with leaked reports indicating a 90% probability of kinetic military action within weeks. The administration is deploying additional forces to the region as nuclear negotiations remain stalled. Meanwhile, Trump discussed Iran and the ongoing Russia-Ukraine Geneva peace talks with UK Prime Minister Starmer.

Corporate Actions Events

eBay Acquires Fashion Marketplace Depop from Etsy for $1.2 Billion

eBay announced acquisition of fashion resale platform Depop from Etsy in $1.2 billion cash deal. Etsy shares surged up to 18% following the announcement, while eBay stock rose after reporting quarterly results exceeding estimates.

Oil And Gas Events

India's Russian Oil Imports Drop to Lowest Level Since Late 2022

India imported 1.1 million barrels per day of Russian crude in January, marking the lowest volume since November 2022. Russian oil's share of India's total crude imports also fell to its smallest proportion since October 2022. The decline represents a significant shift from the surge in Russian oil purchases that followed the 2022 Ukraine invasion, when India became a major buyer of discounted Russian crude.

Oil Surges 3% as Ukraine-Russia Talks Collapse and Iran Tensions Mount

Oil prices jumped nearly 3% following the abrupt breakdown of Ukraine-Russia peace negotiations and escalating U.S.-Iran tensions. Vice President Vance indicated Iran ignored key American demands, with military strikes remaining under consideration.

Earnings Events

Carvana Stock Plunges Over 20% on Q4 Profitability Miss

Carvana shares tumbled more than 20% after the online used-car retailer missed fourth-quarter adjusted EBITDA expectations, despite beating on other quarterly metrics, with investors concerned about vague forward guidance.

Canadian Dollar Forecast: USD/CAD Advances Toward Yearly Open – Breakout Risk Builds

USD/CAD is climbing toward pivotal resistance after stabilizing at long-term support. The reaction here may determine the next trend phase.

By : Michael Boutros, Sr. Technical Strategist

Canadian Dollar Technical Forecast: USD/CAD Weekly Trade Levels

USD/CAD has rebounded off multi-year slope support and is now pressing toward a key pivot near the yearly open.
Price continues to trade within the broader downtrend structure, leaving the advance conditional on a sustained break above resistance.
Key US inflation & GDP data on tap into the close of the week
Resistance 1.3725/33 (key), 1.38, 1.3889-1.3929 – Support 1.3617, 1.3494 (key), 1.3431

USD/CAD is pushing higher after finding footing along long-term slope support, carrying price back toward the yearly open — a level that has repeatedly served as a structural pivot. The recovery has been orderly, but it remains confined within the broader downtrend framework. With resistance now directly overhead, the pair approaches a decisive test. A sustained move beyond this threshold would shift the technical outlook toward a broader recovery, while rejection could reinforce the prevailing bearish bias and reopen downside targets. Battle lines drawn on the USD/CAD weekly technical chart.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Loonie setup and more. Join live on Monday’s at 8:30am EST.

Canadian Dollar Price Chart – USD/CAD Weekly

https://preview.redd.it/pej3knreabkg1.png?width=1027&format=png&auto=webp&s=99d5e3218435285b91a3fde9139ee6983a11c1b3

Chart Prepared by Michael Boutros, Sr. Technical Strategist; USD/CAD on TradingView

Technical Outlook: In last month’s Canadian Dollar Technical Forecast we noted that USD/CAD was approaching the 2025 swing lows and that, “. From at trading standpoint, a good zone to reduce portions of short-exposure / lower protective stops- rallies should be limited to 1.3669 IF price is heading lower on this stretch with a close below 1.3540 needed to fuel the next leg of the decline.” The selloff extended in the following days with USD/CAD registering an intraday low at 1.3482 before rebounding into the close of January.

A rebound of more than 1.8% off the yearly low failed at resistance early in the month at 1.3725/33- a region defined by the objective yearly open, the 38.2% retracement of the November decline, and the 2023 swing high. The monthly range is set just below this key pivot zone, and the focus is on a breakout in the weeks ahead. Note that the 75% parallel converges on this threshold into the close of the month and a break / weekly close above this slope is needed to suggest a more significant recovery is underway in USD/CAD. Subsequent resistance is eyed at the 1.38-handle with the next major technical consideration on eyed at the 61.8% retracement and the 2023 / 2026 highs at 1.3889-1.3929.

Initial weekly support rests with the January low-week close at 1.3617. Ultimately, a break / weekly close below the 2023 trendline would be needed to mark resumption of the broader 2025 downtrend towards the 2024 August low close at 1.3494 and the 100% extension of the November decline at 1.3431. Both levels of interest for possible downside exhaustion / price inflection IF reached. The next major technical consideration is eyed with the 2024 low-week close (LWC) and the 61.8% extension of the 2025 decline at 1.3360/66.

Click the website link below to Check Out Our FREE "How to Trade EUR/USD" Guide

https://www.forex.com/en-us/whitepapers/

https://preview.redd.it/z4poh7thabkg1.png?width=1420&format=png&auto=webp&s=a8f195505f6cdbdd5b814335136dab3362c681ae

Bottom line: USD/CAD has rebounded off multi-year slope support with pivotal resistance now in view near the yearly open. From a trading standpoint, losses should be limited to 1.3617 IF price is heading higher on this stretch with a close above 1.3733 needed to suggest fuel the next leg of the advance.

Keep in mind we get the release of key US data releases this week with the Core Consumer Price Index (PCE) and the preliminary Q4 GDP on tap Friday. The GDP figures are expected to show the US economy grew at an annualized pace of just 3% after a previous print of 4.4%. It is important to note that this data covers the longest US government shut down in history (43days). As such, a stronger than expected print would underscore underlying strength / resilience in the US market and could further fuel the Dollar advance. Stay nimble into the release and watch the weekly close for guidance here. I’ll publish an updated Canadian Dollar Short-term Outlook later this week with a closer look at the near-term USD/CAD technical trade levels.

US/ Canada Economic Data Release

https://preview.redd.it/x4d3np1kabkg1.png?width=714&format=png&auto=webp&s=a3e50ad91681af369627a03e717d6c98165e564b

Economic Calendar - latest economic developments and upcoming event risk.

Active Weekly Technical Charts

--- Written by Michael Boutros, Senior Technical Strategist

Follow Michael on X @MBForex

https://www.forex.com/en-us/news-and-analysis/canadian-dollar-forecast-usd-cad-advances-toward-yearly-open-breakout-risk-builds-2-18-2026/

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