After touching all-time highs on Thursday, gold fell as much as 8% and silver crashed over 17% in a violent reversal, the sharpest single-day drop in more than 10 years. The selloff followed record run-ups, a pause in safe-haven bids, and uncertainty around Fed leadership; by contrast, crude oil climbed to the highest since summer on mounting risks of U.S. strikes on Iran, underscoring cross-asset stress. Traders are watching whether $5,000 in gold and $100 in silver hold as pivotal support zones into month-end.
Source: Finance Magnates
Fed in focus: rates on hold, deVere warns of “passive tightening” as Trump readies next Chair pick
The Fed left rates unchanged at 3.50%–3.75%, prompting deVere Group’s CEO to warn that holding steady risks tighter real rates as inflation eases, raising the odds of a sharper slowdown later. President Trump said he will announce his nominee for Fed Chair next week, with markets handicapping candidates seen as more aggressive on cutting borrowing costs. The combination of a high-rate backdrop and leadership uncertainty has heightened bond and currency volatility into February.
Source: FinanceFeeds
Bitcoin hits new 2026 low as leverage unwinds and ETF flows stay cautious
Bitcoin slid below $84,000 to a new 2026 low, driven by roughly $570M of forced liquidations in futures and a dearth of fresh spot demand. U.S. crypto ETF data show continued risk aversion, with net outflows from bitcoin-linked products and selective inflows into Ethereum strategies, signaling rotation rather than broad risk appetite. Support near the lower edge of the 10‑week range remains in play as options expiry and macro uncertainty loom.
Source: FinanceFeeds
U.S. braces for partial government shutdown amid DHS funding impasse
The U.S. Senate failed to advance a six-bill funding package, increasing the likelihood of a weekend partial shutdown centered on a standoff over Department of Homeland Security appropriations. A lapse would furlough hundreds of thousands of workers, disrupt select agency services, and create an “information blackout” for key federal data, complicating Fed and market decision-making. Prediction markets have sharply raised shutdown odds absent a rapid procedural breakthrough.
Source: FinanceFeeds
Senate panel advances landmark crypto market bill, handing CFTC spot-market authority
The Senate Agriculture Committee passed the Digital Commodity Intermediaries Act, a 161‑page bill that would classify a broad set of tokens as “digital commodities” and empower the CFTC to oversee spot markets. The measure adds fund-segregation, disclosure and conflict-of-interest rules for registered intermediaries and aligns with House CLARITY Act funding provisions. It now faces reconciliation with Banking Committee proposals as the White House pushes for a unified Q1 framework.
Source: FinanceFeeds
CFTC drops event-contract ban, launches joint “Project Crypto” with SEC
In a major policy pivot, new CFTC leadership withdrew a proposal to ban political and sports prediction markets and opened a rulemaking to provide clear standards for event contracts. The agency also unveiled “Project Crypto,” a joint initiative with the SEC to harmonize crypto taxonomies, onshore perpetuals, expand tokenized collateral, and reduce duplicative compliance. The reset could catalyze U.S. volume migration from offshore venues and legitimize prediction markets under federal oversight.
Source: Finance Magnates
UAE approves first central‑bank registered U.S. dollar stablecoin for settlement
The UAE Central Bank approved USDU, the first dollar‑backed stablecoin formally registered under the country’s Payment Token Services Regulation, enabling compliant use in digital-asset settlement. Issued by Universal Digital and custodied at major local banks, USDU operates under dual oversight from ADGM’s FSRA and the central bank. The move strengthens the UAE’s role as a regulated digital‑money hub as institutions seek stablecoin rails with clear legal status.
Source: FinanceFeeds
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