Midday Cryptocurrency and Financial Highlights
On February 5th, several key developments captured market attention, spanning regulatory actions, macroeconomic updates, and industry trends.
Notable Market Events
- SEC Charges Three Crypto Market Makers: The U.S. Securities and Exchange Commission has filed market manipulation accusations against three crypto liquidity providers, signaling intensified regulatory scrutiny.
- Trump Comments on Fed Independence: Former President Trump stated that the Federal Reserve is theoretically independent, though his remarks failed to calm concerns over monetary policy.
- Dollar Strength Weighs on Asian Currencies: Cooling expectations for Fed rate cuts have boosted the dollar, exerting downward pressure on Asian currencies and increasing market volatility.
- Gold and Silver Face Selling Pressure: Despite Trump's call for lower interest rates, precious metals face heavy selling, with liquidity shortages amplifying price swings.
- Multicoin Co-founder Questions Web3 Vision: A former Multicoin partner deleted a post suggesting doubts about the long-term viability of Web3 before exiting the company.
- Tether Reports Record USDT Growth: Tether released its Q4 2025 report, showing USDT reached multiple all-time highs across key performance metrics.
- DAT Sector Sees Massive Market Cap Decline: The top 20 DAT firms collectively lost $17 billion in market value, with one firm accounting for more than 40% of the drop.
- U.S. Won’t Force Banks to Buy Bitcoin: The U.S. Treasury Secretary clarified that the government will not compel private banks to buy more Bitcoin to support the asset.