Crypto Macro News and Global Policy Updates

_IMF reveals stablecoins bring both promise and peril to emerging economies. New research shows payment innovation meets currency substitution risks worldwide._ The International Monetary Fund just dropped some serious findings. Stablecoins aren’t just another crypto trend anymore. They’re

BlockBeats News, February 11 — According to Bitcoin Magazine, Harvard University's Bitcoin ETF holdings exceed the market value of its parent company Alphabet's Google shares.

Odaily Planet Daily reports that, according to Lookonchain monitoring, yesterday the US Bitcoin ETF had a net inflow of 417 BTC, with a 7-day net outflow of 11,607 BTC; Ethereum ETF had a net inflow of 10,536 ETH, with a 7-day net outflow of 78,345 ETH; Solana ETF had a net inflow of 10,471 ETH.

ChainCatcher News reports that according to Gate market data, the Dow Jones Industrial Average continued to hit a new intraday high, reaching a peak of 50,471.58 points.

The IMF warns that stablecoins may disrupt global payments and weaken local currencies in inflationary economies. While offering benefits like faster cross-border payments, risks include lack of regulation and potential for illicit activity. Regulatory clarity is essential for stability.

ChainCatcher News, according to Gate market data, the U.S. stock market opened with the Dow Jones Industrial Average up 0.11%, the S&P 500 up 0.13%, and the Nasdaq Composite up 0.1%. S&P Global (SPGI.N) fell 5.7%, with 2026 earnings outlook below market expectations, leading to declines in index providers and analytics companies' stocks, with Moody's (MCO.N) down 6.89%. Warner Bros. Discovery (WBD.O) rose 2.1% due to Paramount's additional acquisition compensation costs.

Arowana will launch AGT token and Aqua gold platform on Arbitrum in March 2026 with physically backed gold. Hancom Group operates Korea’s third-largest gold exchange with 600 million in trading volume and 18 years of experience in metals. Arbitrum is adding new infrastructure for

ChainCatcher news reports that the US Dollar Index (DXY) has fallen by more than ten points in the short term, currently at 96.78.

Russia's communications regulator Roskomnadzor has implemented speed restrictions on Telegram since February 10, and has received over 13,000 user complaints about service disruptions. Although a complete ban is not currently planned, if Telegram fails to comply with legal requirements, it could impact its user experience in Russia and subsequently affect the TON blockchain ecosystem closely linked to it.

ChainCatcher News, according to Jinshi reports, Bank of America CEO Moynihan stated that interest rates will continue to decline, which is very favorable for the market.

Goldman Sachs warns of a potential $80 billion sell-off in US stocks, which could negatively impact BTC prices. Meanwhile, gold and silver prices have eased, prompting investor interest despite economic uncertainties.

Latest data shows that publicly traded companies holding Solana as treasury assets are under significant accounting pressure. According to estimates based on disclosed acquisition costs and current market prices compiled by CoinGecko, these companies have collectively unrealized losses exceeding $1.5 billion. They hold over 12 million SOL, approximately 2% of the total supply, with SOL currently trading around $84. The losses are mainly concentrated among several US-listed companies, including Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi, with a combined unrealized loss of over $1.4 billion. Since some companies have not fully disclosed their cost basis, the actual loss could be even higher. Although no forced sales have occurred yet, the capital markets have already "priced in" the risk, with their stock prices generally below the market value of their held tokens, significantly limiting their financing capabilities.

February 10 News, as the spot gold price approaches $5,000 per ounce, the valuation gap between altcoins and gold has widened sharply. Crypto analyst Michaël van de Poppe pointed out that the current "altcoin-to-gold" ratio has fallen to its lowest historical level, with the weekly RSI dropping to 25, approaching the extreme levels seen during the 2020 pandemic black swan event. This indicator is seen as a "structural low-price" signal for non-mainstream crypto assets relative to precious metals. Against the backdrop of a strong rally in gold, RWA tokens linked to physical gold have become some of the few contrarian assets. PAX Gold (PAXG) fluctuates around $5,035, with a daily trading volume exceeding $400 million; Tether Gold (XAUT) remains around $5,013, with a nearly 11% increase over the past month. However, from a global perspective, the market size of tokenized commodities is only about $800 million to $1 billion, still very limited compared to the trillions of dollars in the global spot gold market.

February 10 News, global payments giant Visa has officially launched an on-chain settlement system based on the Ethereum network, using USDC as the settlement medium. The service was quietly launched in December 2025, but its on-chain annualized transaction volume has already exceeded $3.5 billion, marking an acceleration of the traditional financial system's migration to blockchain infrastructure. By transferring some cross-border and institutional payments on-chain, Visa provides corporate clients with 24/7 fund settlement capabilities, eliminating delays caused by banking hours and multiple intermediaries. The settlement cycle has been compressed from several days to just a few minutes, while also enhancing the traceability and transparency of fund flows. This change demonstrates that Ethereum is no longer just a smart contract platform but is evolving into a global settlement network.

Visa has begun settling stablecoin transactions on Ethereum, significantly improving payment speed and transparency. This integration supports 24/7 transactions, benefiting financial institutions and marking a shift of blockchain into mainstream finance.

Despite continuous positive signals such as ETF approvals and institutional adoption, since mid-last year, funds in the crypto market have been steadily flowing out, and Bitcoin's price performance has been more similar to high-growth software stocks in the US rather than traditional safe-haven assets. Grayscale's latest research indicates that the correlation between Bitcoin and the US software sector has significantly increased, showing that its trading logic is more aligned with growth assets. Data shows that from the beginning of 2024 to now, Bitcoin and US software stocks have moved in highly synchronized patterns. During recent sell-offs, both have fluctuated almost in the same direction, indicating that this round of decline is more due to a broad de-risking of growth assets rather than issues specific to the crypto industry itself. Fund flows also confirm this: US investors led the recent sell-off, with related Bitcoin ETPs experiencing approximately $318 million in net outflows since early February, further suppressing prices.

Hyperscale Data, a company under the New York Stock Exchange, announced that its Bitcoin treasury has increased to 589.4502 BTC, with a total market value of approximately $41.4 million. Its wholly-owned subsidiary Sentinum holds 548.5903 BTC and plans to increase the value of its Bitcoin assets to $100 million.

BlockBeats News, February 10 — Bank of America Global Research states that the Bank of Japan is expected to raise interest rates by 25 basis points in April, earlier than the previously expected June; it is also expected that the Bank of Japan will raise interest rates by another 25 basis points in September 2026, followed by two more increases of 25 basis points each in January and July 2027. (Jin10)

Bitcoin ETFs have seen increased institutional demand, with notable inflows despite overall outflows. Analysts label recent downturns as the weakest bear case in Bitcoin's history, indicating resilience among early investors amid rising financialization concerns.

Odaily Planet Daily reports that the Bitcoin ETF assets held by Harvard University have surpassed the assets it holds in Google stocks. (Bitcoin Magazine)