Welcoming the God of Wealth on the Fifth Day of Lunar New Year, Trump Overturns the Altar: Imposes 10% Global Tariffs in Defiance of Supreme Court

比推Publicado a 2026-02-21Actualizado a 2026-02-21

Resumen

On the fifth day of the Chinese New Year, a day traditionally associated with welcoming the god of wealth, former U.S. President Donald Trump made headlines by defying a Supreme Court ruling that invalidated his global tariff policies enacted under national emergency laws. In response, Trump immediately invoked alternative trade authority to impose an additional 10% global tariff, declaring existing national security tariffs effective immediately without seeking further congressional approval. He publicly criticized the justices who ruled against him. Meanwhile, a viral story about Punch, a baby monkey in a Japanese zoo abandoned at birth and raised by handlers, sparked widespread sympathy online. Footage of the monkey being dragged by an adult during social integration efforts led to a surge in the related meme cryptocurrency PUNCH, which saw an 80-fold increase in value. In cryptocurrency circles, predictions circulated that Bitcoin could reach $1 million by 2026, though opinions were divided on the feasibility. Some commentators expressed concerns about the crypto market’s health, suggesting it had “halved” in vitality, while others remained optimistic about future growth. Additionally, Ethereum co-founder Vitalik Buterin criticized the concept of “Web4.0,” arguing that it promotes the creation of valueless digital clutter rather than meaningful innovation. The response from the community was mixed, with some supporting his skepticism and others defending technological ...

On the fifth day of the Lunar New Year, welcome blessings and prosperity as you greet the God of Wealth~

What have the KOLs in the crypto space been talking about over the past 24 hours?

Note: The following content is compiled from the X platform and represents personal opinions. It does not represent the stance of this platform and should not be considered investment advice.

Welcoming the God of Wealth on the Fifth Day, Trump Overturns the Altar: 10% Global Tariffs in Defiance of Supreme Court

Last night, Beijing time, the U.S. Supreme Court ruled that Trump's global tariff policy, implemented under federal laws related to national emergencies, was invalid. Shortly after the ruling, Trump quickly invoked another trade authority to issue a new order, announcing an additional 10% global tariff on top of existing tariffs, with all current national security tariffs taking effect immediately.

Trump explicitly stated that he would not seek further authorization from Congress, adding, "I don't need to." Regarding the justices who issued the unfavorable ruling, Trump angrily criticized them during a press conference, calling them "fools and lackeys."

Popular replies:

Section 122 is indeed the president's backdoor, but the market overreacted. After three years of tariff wars, U.S. stocks still hit new highs, indicating that investors had already priced in this risk.

Here's some political insight: Emperor Chuan is invincible in the human world for the next three years.

All laws are meant to bind ordinary people. Trump is the true embodiment of 'I want it, I get it.'

Why do people still see him as normal? He is clearly a narcissistic personality disorder patient—isn't it obvious?

Internet Hearts Ache for Little Monkey Punch, Homonymous Meme Coin Soars 80x

A little monkey named Punch from Ichikawa Zoo in Japan has recently become the focus of the entire internet. Abandoned by its mother at birth, Punch was raised by zookeepers and went viral after a video showed it clinging tightly to a stuffed gorilla for comfort. However, yesterday, Punch was dragged by an adult monkey within the group, a scene that left countless netizens heartbroken. The zoo responded that this was part of Punch's process of learning to integrate into the group, and its adaptability is moving. This story of growth and resilience quickly exploded on social media, with several crypto projects also expressing support. As a result, the homonymous meme coin PUNCH surged, with a seven-day increase of nearly 80 times.

Some Guru Predicts Bitcoin Will Reach $1 Million in 2026

<极img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2026-02/54bab4455fef4b5c8304d4912452ab68.png" alt="">

Popular replies:

It's been almost two months now; reaching $1 million is too far-fetched. $360,000 is more like it.

The most painful thing in life is missing out on all the correct predictions others made in the past, only to catch the one failure.

Institutions are worried about quantitative tightening, while gurus expect money printing. The gurus might be right—some countries have already started dumping U.S. bonds. If there aren't enough buyers, the Fed might have to print money to absorb them.

Has the Crypto Circle "Died" by Half?

Popular replies:

No insights, just hindsight, along with boasting about their own companies.

They've made enough money and now start smashing the pot.

Creating panic without foresight is the epitome of being led by emotions. If you're not optimistic, you can leave the circle. Without predictive ability, don't make blind predictions. I can say right now that the next cycle will be much stronger than this one—believe it or not.

V神 Opposes Web4.0 Concept: Mass Production of Worthless Digital Junk

Popular replies:

Indeed, aside from being fun, it has no practical value. An internet without people isn't the internet. If it's all robots, what kind of Web is that?

Those left behind by the times lack imagination and are still stuck in the web2 framework.

Every time new technology emerges, there is always chaos and even danger. Regulation either overreacts or does nothing. Humanity stumbles through every technological revolution like this.

Your circle really knows how to coin terms. Web3 is fading, and now they're shouting about web4...

Twitter:https://twitter.com/BitpushNewsCN

Bitpush TG Discussion Group:https://t.me/BitPushCommunity

Bitpush TG Subscription: https://t.me/bitpush

Original link:https://www.bitpush.news/articles/7613417

Preguntas relacionadas

QWhat was the US Supreme Court's ruling regarding Trump's global tariff policy, and how did Trump respond?

AThe US Supreme Court ruled that Trump's global tariff policy implemented under national emergency federal laws was invalid. In response, Trump invoked another trade authority to issue a new order, announcing an additional 10% global tariff on top of existing tariffs, with all current national security tariffs taking effect immediately.

QWhat is the story behind the meme coin PUNCH and why did its value surge?

APUNCH is a meme coin named after a baby monkey named Punch from Ichikawa Zoo in Japan. Punch was abandoned by its mother and raised by zookeepers, gaining viral attention online for a video of it hugging a stuffed animal for comfort. Its value surged nearly 80 times in seven days after the story of its struggle to integrate into the monkey group went viral on social media, with several crypto projects showing support.

QWhat prediction was made about Bitcoin's price in 2026, and what were some community reactions?

AA prediction was made that Bitcoin would reach $1 million by 2026. Community reactions were mixed, with some calling it unrealistic and suggesting $360,000 as a plausible target, while others speculated that massive money printing by the Federal Reserve could potentially drive such a surge.

QWhat is V神's (Vitalik Buterin) criticism of Web4.0, and how did people respond?

AVitalik Buterin criticized Web4.0, arguing that it promotes the mass production of worthless digital garbage. Responses varied, with some agreeing that it lacks practical value without human involvement, while others accused him of lacking imagination and being stuck in a Web2 framework.

QAccording to the article, what is the general sentiment about the current state of the crypto circle?

AThe sentiment is divided. Some suggest that half of the crypto circle is 'dead,' criticizing the lack of foresight and fear-mongering. Others are more bullish, arguing that the next market cycle will be much stronger than the current one and dismissing the pessimistic predictions.

Lecturas Relacionadas

The Impossible Trilemma Is Basically a Pseudo-Problem

The article argues that the core limitation of blockchain technology is not the scalability trilemma, but its fundamental lack of privacy, which acts as a barrier to institutional capital. It defines blockchain as a slow, expensive, shared computer whose primary value is "permissionlessness" (no administrator) and verifiable trust. While this is ideal for native financial assets like stable币, which now process trillions, two critical flaws remain for mainstream adoption: regulatory legitimacy and a default transparency that leaks all financial activity. The author contends that transparency is not a feature but a tax, quantified through MEV extraction, making the public ledger unusable for serious institutions. However, modern cryptography, specifically zero-knowledge proofs, now offers a solution: "provable privacy." This allows users to prove compliance (e.g., solvency, KYC) without revealing underlying data. This fusion of privacy and auditability resolves the transparency-compliant privacy-compliance dichotomy, enabling a purely upgraded system where transactions are verified but not broadcasted. Closing these flaws is presented as the essential bridge to onboard the next wave of trillions in capital.

marsbitHace 7 hora(s)

The Impossible Trilemma Is Basically a Pseudo-Problem

marsbitHace 7 hora(s)

The "Impossible Triad" Is Fundamentally a Pseudo-Problem

The article argues that blockchain's fundamental limitation is not the scalability trilemma (decentralization, scalability, security), which has been largely solved, but the lack of **privacy** and, until recently, clear **legitimacy**. Blockchain is described as a slow, expensive, globally shared computer whose core value is censorship resistance and verifiability. While ideal for native digital assets like money (e.g., stablecoins), its default transparency acts as a **tax**, exposing all transactions and enabling MEV extraction, which deters serious institutional capital. Simultaneously, its permissionless nature created regulatory ambiguity. The piece contends that **privacy** is the missing critical feature. It rejects the false choice between total transparency and complete anonymity. Modern cryptography (like zero-knowledge proofs) enables **compliant privacy**: users can prove facts (solvency, KYC status, compliance) without revealing the underlying sensitive data (specific holdings, identities). This preserves auditability for regulators and eliminates the leak of financial information. With recent regulatory progress (e.g., the GENIUS Act) addressing legitimacy, adding default, provably compliant privacy becomes a pure upgrade. It transforms blockchain from a costly, public ledger into a confidential settlement layer, finally bridging the gap to mainstream institutional and individual adoption of on-chain finance.

链捕手Hace 7 hora(s)

The "Impossible Triad" Is Fundamentally a Pseudo-Problem

链捕手Hace 7 hora(s)

Optical Chips: Collective Capacity Expansion

The global optical chip industry is experiencing a massive wave of expansion driven by surging AI data center demand. Major players across the US, Japan, Europe, and China are aggressively investing to ramp up production capacity. In the US, Coherent is expanding its 6-inch Indium Phosphide (InP) semiconductor fab in Texas, supported by CHIPS Act funding and a $2 billion strategic investment from NVIDIA. Lumentum is building a new factory for InP optical devices, and Nokia is scaling its advanced photonic chip packaging and testing capabilities. NVIDIA's investments aim to secure future supply of critical lasers and optical interconnect products for AI infrastructure. Japan's JX Advanced Metals, a leading InP substrate supplier, plans a multi-billion yen investment to increase its capacity 7-10 times, strengthening its grip on the crucial upstream materials market. In Europe, IQE and Tower Semiconductor settled a patent dispute and signed a multi-year InP epitaxial wafer supply agreement, highlighting that next-generation silicon photonics platforms will integrate high-performance InP components. STMicroelectronics and Sivers Semiconductors are also expanding silicon photonics production and partnerships. China is rapidly building out its domestic supply chain. Dongshan Precision's subsidiary, Source Photonics, announced a $12 billion project to expand optical chip and module production. Companies like Sanan Optoelectronics and Yunnan Germanium are scaling up InP chip manufacturing and substrate production, moving towards vertical integration from materials to modules. While debate continues around the exact future architecture—whether CPO (Co-Packaged Optics), NPO, or pluggables will dominate—analysts like Morgan Stanley argue the underlying driver is unchangeable: the explosive growth in bandwidth demand. This will inevitably increase the volume of optical engines, lasers, and related content per GPU, regardless of the final technical path. The competition for "more light" in the AI era has intensified into a global, full-chain capacity race.

marsbitHace 10 hora(s)

Optical Chips: Collective Capacity Expansion

marsbitHace 10 hora(s)

Stablecoins Finally Find Real Yield: An In-Depth Look at On-Chain Reinsurance Re | A Conversation with Re Founder Karan Saroya

Stablecoin Real Yield Found: A Deep Dive into On-Chain Reinsurance with Re's Karan Saroya As stablecoin supply exceeds $170 billion, the search for sustainable, non-speculative yield intensifies. Re, an on-chain reinsurance platform, provides an answer: connecting stablecoin capital to the trillion-dollar traditional reinsurance market. Re operates as a regulated reinsurer, accepting stablecoin deposits as collateral to back US insurance companies. These insurers pay premiums, generating yield that flows back to on-chain depositors. Currently supporting 35 insurers and underwriting $500 million, Re projects scaling to over $1 billion soon. Key insights from a Bankless podcast with founder Karan Saroya and investor Avichal of Electric Capital: 1. **Uncorrelated, Real-World Yield:** Re offers stablecoin holders access to reinsurance returns (targeting 12-14%+), an asset class entirely separate from crypto or equity markets. 2. **Operational Efficiency via Smart Contracts:** Re replaces traditional, labor-intensive capital fundraising with smart contracts, allowing a ~12-person team to compete with industry giants. 3. **Regulatory Leverage:** For every $1 of collateral, regulations allow backing $5-7 in written premiums. This leverage amplifies returns from the underlying risk-free rate. 4. **DeFi Integration:** Depositors receive receipt tokens, which can be used in protocols like Morpho for "looping," potentially pushing yields to 18-20%+. 5. **The "DeFi Mullet" Model:** A compliant front-end (regulated reinsurer) paired with a decentralized back-end (smart contracts, DeFi capital markets). 6. **RE Governance Token:** Modeled on Lloyd's of London, the token governs the central capital pool's allocation, counterparty acceptance, and parameters. 7. **Real Economic Impact:** Capital funds real-world productivity (factories, clinics, businesses) via insurance, moving beyond crypto's internal loops. The discussion highlights a pivotal moment: DeFi's supply-side infrastructure is now met by real demand for productive yield, potentially kickstarting a flywheel where vast on-chain stablecoin capital seeks these real-world returns.

链捕手Hace 11 hora(s)

Stablecoins Finally Find Real Yield: An In-Depth Look at On-Chain Reinsurance Re | A Conversation with Re Founder Karan Saroya

链捕手Hace 11 hora(s)

1996 or 1999? Walsh's First Test is 'How to View AI'

"1996 or 1999? Wall's First Big Test Is 'How to View AI'" Federal Reserve Chairman Wall's initial challenge is not whether to raise or cut rates, but a more fundamental judgment: what kind of boom is the current AI boom? This will determine the Fed's policy path and define his legacy. Economics is split between two opposing views, according to reporter Nick Timiraos. One sees imminent productivity gains that will increase supply and cool inflation, allowing the Fed to hold steady. The other argues that while productivity benefits are distant, demand shocks are here now, and waiting for data confirmation risks missing the intervention window, forcing sharper rate hikes later. Wall has signaled a leaning toward the first view, echoing 1996-era Alan Greenspan, who embraced strong, productivity-driven growth without fear of inflation. However, Wall faces a different macro environment than Greenspan did, with tariff pressures, expanding fiscal deficits, and diminishing globalization benefits, which could force more significant inflation pressures even if AI benefits materialize. Wall's logic, expressed before taking office, is that AI-driven productivity gains won't show in official data for years. If the Fed waits for confirmation, it might mistakenly tighten policy and choke off the very growth that could suppress inflation. This argues for using forward-looking narratives over lagging data. Chicago Fed President Austan Goolsbee presents a key counter-argument. He distinguishes between expected and unexpected productivity booms. A widely anticipated boom, like the current AI wave, can cause people to spend future wealth gains in advance, overheating the economy before productivity actually rises, thus requiring preemptive rate hikes. He cites rising costs for AI data centers as evidence of such overheating. Fed Governor Christopher Waller offers a rebuttal to Goolsbee, noting the "expected spending" mechanism only works if people can borrow against future income, which many households cannot do due to borrowing constraints. Wall also faces a paradox related to his desire to reduce the Fed's use of "forward guidance" (pre-announcing policy moves). This practice was established in 1999 when Greenspan began signaling hikes to avoid market shocks. If the economy follows a less optimistic path, Wall may be forced to choose between using the guidance he wants to abolish or risking market volatility by staying silent. The ultimate question defining Wall's first major test remains: Is this 1996 or 1999?

marsbitHace 12 hora(s)

1996 or 1999? Walsh's First Test is 'How to View AI'

marsbitHace 12 hora(s)

Trading

Spot

Futuros