Good morning! ☕📰 Here are the notes you need to know on Monday, February 9:
🔹 Bitcoin rebounded to USD 72,000, recovering from the "black Thursday" thanks to optimism over economic stimulus in Japan. Here are some of the economic indicators from the U.S. that will print volatility: The meeting at the White House regarding the crypto market structure bill, inflation data, the unemployment rate, and unemployment claims.
🔹 Kevin Warsh proposes a Fed-Treasury pact to drastically reduce the balance sheet of the Federal Reserve (currently at USD 6.6 trillion).
🔹 Under the new Law #GENIUS , U.S. banks can now issue their own payment stablecoins. The regulation requires a 1:1 backing with liquid reserves, integrating these assets into the formal financial system and eliminating uncertainty.
🔹 The recent Bitcoin difficulty adjustment of 11.16% downward (the largest since 2021) provided temporary relief following the massive miner shutdown due to winter storms in the U.S.$BTC
