“Discussions are concluded, one way or the other”

Find out our latest reports, listed below:

• Tokenised Markets on Bitget UEX: How Traders Are Utilising 24/7 Real-World Assets For Real Time Macro Hedging
• Block Scholes x Panoptic: Bridging The Onchain Convexity Gap
• Volatility Report: February 2026

• 2026 – the year of RWA perps?
  

Market Snapshot: Overnight Moves

Daily Updates:

• An 11th hour reversal from President Trump has helped BTC once more rally past $78K, though the $78.5K mark continues to currently act as resistance.

• Just before Trump’s two-week ceasefire with Iran was about to come to an end, the US President wrote in a Truth Social post that he is indefinitely extending the ceasefire, while continuing to maintain the US’s naval blockade of the Strait of Hormuz. 
• The post claimed that the ceasefire will persist until Iran submits a new proposal and “discussions are concluded, one way or the other.”
• However, according to Iranian news agency Tasnim, Iran had not requested an extension of the ceasefire and will not reopen the strait as long as the US naval blockade continues. 

• Hours earlier, Vice President JD Vance was scheduled to travel into Pakistan to hold a second-round of peace talks, though that was cancelled after Iranian representatives refused to attend, citing unreasonable American demands. 
• Sentiment on Wall Street was dampened by the White House’s announcement that the trip to Pakistan was cancelled, with US equities closing lower for a second session. The S&P 500 fell 0.63% and the Nasdaq-100 declined 0.42%. 
• However, following Trump’s late ceasefire announcement, US equity futures are trading higher today, with contracts on the S&P 500 up 0.55% currently. 

• Trump’s decision to extend the ceasefire indefinitely marks yet another policy U-turn since his second presidency began — only on Monday he told CNBC that he’d “expect to be bombing” Iran if it didn’t agree to his demands, and in a telephone interview with Bloomberg he said it would be “highly unlikely” that he’d extend the ceasefire again.

• Markets were also assessing the views of Kevin Warsh, Trump’s nominee for the Fed Chairmanship. 
• During his Senate Banking Committee hearing testimony yesterday, Warsh claimed that he would be “an independent actor if confirmed as Chairman of the Federal Reserve” and in response to a question of whether he would be a “sock puppet” for the president, he responded, “Absolutely not”.
• Warsh added that “The president never once asked me to commit to any particular interest rate decision, period. And nor would I ever agree to do so if he had.”

• On monetary policy, Warsh said that Americans are still feeling the impacts of inflation, even if “the rate of change in prices is less severe than it was some years ago”. According to Trump’s nominee, that’s grounds for a “regime change in the conduct of policy. I think that means a different, new inflation framework.”
• He also argued that advances in technology, including the rise of artificial intelligence, would boost economic growth without leading to higher prices, providing the Fed space to cut rates. 
• How much the Fed could cut was something Warsh avoided however — “Unlike many of my colleagues past and present, I don’t believe in forward guidance. I don’t believe that I should be previewing for you what a future decision might be.”

• Tron founder Justin Sun has filed a lawsuit in a California federal court against World Liberty Financial to “protect my legal rights as a holder of $WLFI tokens” following a new governance proposal that could lock his tokens indefinitely.
• He has expressed continued support for Donald Trump’s crypto-friendly policies, but has alleged that members of the project team have acted unfairly by freezing his tokens, removing his voting rights, and threatening to burn them.
• He has turned to legal action after failed attempts to resolve the issue privately.

• Mastercard has joined the Blockchain Security Standards Council as a Charter-level member, reinforcing the growing institutional focus on security in blockchain and digital asset infrastructure. 
• By contributing its expertise in payments security, digital identity, fraud prevention, and cyber resilience, Mastercard will help shape stronger industry standards for trust, interoperability, and consumer protection.

• BitMine has added another 61,232 ETH, worth around $142M, into Ethereum staking.
• That brings its total staked ETH holdings to 3,395,869 ETH, valued at approximately $7.9B.

• Volo Protocol, a Sui-based liquid staking platform, has disclosed a security incident wherein an exploit targeting specific smart contracts resulted in the extraction of approximately $3.5M in assets (WBTC, XAUm, USDC) from three isolated vaults, indicating a vault-level vulnerability rather than a protocol-wide issue.
• The team has detected anomalous on-chain activity, coordinated with the Sui Foundation and ecosystem partners, and frozen affected vaults to halt contract interactions, while confirming that other vaults (~$28M TVL) remain secure.
• Volo has stated it will absorb losses and is tracking fund flows and exploit methodology with on-chain analysts, hoping to publish a full post-mortem, and implement contract fixes after identifying the root cause.

This Week’s Calendar:

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