The U.S. Supreme Court ruled 6-3 that Trump’s “Liberation Day” tariffs exceeded his authority under the International Emergency Economic Powers Act (IEEPA).
Chief Justice Roberts said this would have represented a historic expansion of presidential power over tariffs.
Trump called it “anti-American” and immediately announced a new 15% global tariff under a different legal authority (Trade Act of 1974, Section 122).
Crypto Market Reaction
Bitcoin initially fell to $66,900, then climbed to ~$67,800, later settling near $67,000.
Sunday selloff: BTC dropped to $64k (-5%), ETH below $1,900, SOL below $80.
Stock futures opened lower; Nasdaq down 0.7%.
Expert views:
“A negative ruling on tariffs could hurt Treasuries and the dollar, but favor stocks and crypto.” – Stephen Coltman, 21Shares
“Reduced tariff revenues may accelerate money printing.” – Matthew Sigel, VanEck
Key Crypto Narratives
Short-term: tariff relief → lower inflation expectations → Fed rate cuts possible → “relief rally” in crypto.
Long-term: lower tariff revenue → larger deficit → weaker dollar → more money printing → Bitcoin as a monetary hedge.
Political risk: court ruling against tariffs could boost Democrats, potentially delaying crypto-friendly laws (e.g., Clarity Act).
Macro Crypto & Market Snapshot
BTC: $66,400 (-2%) | ETH: $1,920 (-2%) | SOL: $80 (-4%)
Top Movers: PIPPIN +16%, ETHFI +7%, JST +5%
$400M+ BTC longs liquidated below $65k
Tether (USDT) supply: down $1.5B in Feb, $4B from local peak
Q4 2025 GDP: 1.4% vs 3% consensus (43-day shutdown impact)
PCE inflation: 2.9% → slow growth + sticky prices
South Korea: Bithumb error credited $43B BTC to users
World Liberty Financial: tokenizing loan revenue from Trump Maldives hotel
ETFs & Meme Coins
Bitcoin ETFs: ~$300M outflow | ETH ETFs: $113M outflow
Meme coins: DOGE +1%, SHIB +1%, PEPE +3%, TRUMP & PENGU even
AI error: Lobstar sent $250k+ in meme coins by mistake → temporarily -80%, rebounded $11M
PUNCH -30%, NEET +50%, El Trump +180x
Token, Protocol & NFT Updates
Ethereum FOCIL (EIP-7805): Hegota upgrade H2 2026 → validator censorship impossible
BGD Labs: leaving Aave DAO after 4 years
Flying Tulip ftUSD launch: $200M+ deposits
NFTs: Punks -2% (29 ETH), Pudgy +3% (4.55 ETH), BAYC 6.1 ETH, Moonbirds +5%
TokenWorks S2: launching today
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