Daily news|Trump Signs Order to Establish Sovereign Wealth Fund, Bitcoin Returns Above $100K

Daily Summary:Berachain releases whitepaper, Trump signs utive order to establish sovereign wealth fund

As of press time, Farside Investors data shows that the U.S. Bitcoin spot ETF saw a net inflow of $234 million yesterday. Fidelity’s FBTC had a net inflow of $177 million, while BlackRock’s IBIT data is yet to be released.

Yesterday, the U.S. Ethereum spot ETF saw a net inflow of $83 million, with Fidelity’s FETH seeing $49 million in net inflows. BlackRock’s ETHA data is also yet to be released.

Berachain Releases Whitepaper: Dual-Token Model and PoL Incentive Mechanism

Berachain Foundation has released its whitepaper, introducing Berachain as an EVM-compatible Layer 1 blockchain designed to create value for applications. The network aims to align its value with that of the applications built on it using the Proof of Liquidity (PoL) mechanism. This innovation changes the traditional Proof of Stake (PoS) model by linking validator rewards directly to the demand for applications on the network.

In Berachain’s economic model, BERA is used for staking and trading, while BGT is used for governance and rewards. BGT issuance is closely tied to BERA staking, and BGT can be burned to exchange for BERA. The PoL mechanism controls inflation by adjusting validator rewards, ensuring network security and decentralization.

U.S. to Delay Tariffs on Canada for At Least 30 Days

On February 1, Trump signed an utive order imposing a 25% tariff on goods imported from Mexico and Canada. Earlier on February 3, Trump had a call with Mexican President Andrés Manuel López Obrador. Following the conversation, both leaders announced that the U.S. and Mexico agreed to delay the implementation of the tariffs for one month and would continue negotiations.

Trump Signs utive Order to Create Sovereign Wealth Fund, Potentially Opening Path for Government to Hold Cryptocurrencies

On Monday, U.S. President Donald Trump signed an utive order instructing the Treasury and Commerce Departments to set up a sovereign wealth fund. Treasury Secretary Scott Benson has shown interest in cryptocurrencies, while Commerce Secretary nominee Howard Lutnick is a firm supporter of the crypto industry.

Benson noted that the sovereign wealth fund is expected to be established within the next 12 months. While Bitcoin wasn’t specifically mentioned, the fund could provide a way for the government to purchase and hold cryptocurrencies.

Market Analysis: RWA Sector Leads, Bitcoin Breaks $100K Again

Market Highlights

• Following the tariff delay, global risk aversion has eased, resulting in a strong rebound in cryptocurrency markets. The RWA sector is leading the gains, up by 21% in the past 24 hours, with OM surging 27% to an all-time high and ONDO increasing by 20%.The AI sector, which saw significant losses yesterday, also saw a strong recovery, with FACTCOIN climbing 28% and TAO rising 19%.

• Eric Trump, son of U.S. President Donald Trump, shared on social media that now is an excellent time to buy ETH（In my opinion, it‘s a great time to add ETH.）

General Trend:

• Bitcoin has climbed back above $100K, currently priced at $101,300, up 8% in the last 24 hours, demonstrating strong resilience amid recent fluctuations.
• Ethereum has rebounded to $2,900, currently at $2,872. With backing from the Trump family, Ethereum is expected to maintain positive momentum.
• Altcoins have shown a collective rebound, with most sectors experiencing gains of over 15% in the past 24 hours. The RWA and AI sectors are leading the way, while SocialFi and GameFi remain relatively weaker, rising 5.7% and 8.7%, respectively.

Macro News: U.S. Delays Tariff Policies, Global Markets Experience V-Shaped Recovery

The U.S. decision to delay the implementation of tariffs on Mexico for one month has significantly impacted the market. In response, Mexico has deployed 10,000 National Guard troops to enhance patrols along the northern border to prevent the trafficking of fentanyl and other drugs into the U.S. The Mexican peso, CBOT corn, and wheat futures all saw a rise, while U.S. and European stock indices, as well as Treasury yields, quickly rebounded from earlier losses. Bitcoin surged back to its daily high, and oil prices dropped.

After hours, the Canadian dollar surged by over 70 points, breaking the 1.45 level and recovering from earlier declines. Reports indicated that Trump’s conversation with the Canadian Prime Minister went “very smoothly,” leading to the announcement of a 30-day delay in tariffs on Canadian imports. U.S. stock futures rose sharply, with Dow futures gaining more than 200 points, Nasdaq 100 futures up 0.8%, and S&P futures rising 0.5%.

On the macroeconomic front, the U.S. ISM Manufacturing Index returned to expansion for the first time since September 2022, ending 26 months of contraction. Employment, new orders, and production indices all showed growth, while the prices-paid index exceeded expectations, helping ease market risk aversion. However, concerns about tariffs and retaliation led traders to reassess their bets on potential Federal Reserve rate cuts, with a 50% chance of two rate cuts in 2025.