Trump-Led "Board of Peace" Considers Dollar-Pegged Stablecoin

Find out our latest reports, listed below:

• Volatility Report: February 2026

• 2026 – the year of RWA perps?
  
  
• Bybit x Block Scholes: “2026: It's Different This Time?”

• Tokenised Markets on Bitget UEX: Unlocking Real-World Assets On-Chain for 24/7 Global Access

Market Snapshot: Overnight Moves

Daily Updates:

• Risk appetite in crypto continues to weaken with our Risk Appetite indexes for BTC and ETH now approaching their late-2025 bottom after BTC’s spot price briefly fell to $62K earlier today. 

• Sentiment in Spot Bitcoin ETFs has also been weak, with six of the past eight trading days seeing outflows. Yesterday the spot products sold $203.8M of bitcoins. 
• BTC is now on track for its fifth monthly decline and its largest monthly drop since June 2022, a month which saw the collapse of stablecoin project TerraUSD.
• Another sign of the weakened sentiment was seen in derivatives markets. Funding rates in ETH fell to -0.019% yesterday, marking their lowest level since October 10. 
• Put-call skew steepened significantly to the downside as the demand for downside protection has risen once more. 
• 7-day 25-delta put-call skew for BTC currently trades at -17% — down from -7% only 24 hours ago. Equally, 7-day ETH skew has fallen from -8% to -15%. 

• That deterioration in sentiment has occurred against a wider retreat from risk following President Trump’s announcement to raise global tariffs to 15%. All three major US equity indexes all fell in trading yesterday also. 
• The S&P 500 closed 1.04% lower, a widely tracked Bloomberg software ETF continued to sink (-4.8%) as fears over AI continued to hurt stocks, and the Nasdaq-100 fell 1.21%. 
• International Business Machines Corp (IBM) fell 13% in its worst day since October 2000 after Anthropic announced that its AI assistant Claude Code can help modernise COBOL, a programming language widely used on IBM mainframes across a slew of different sectors.
• Against that backdrop of caution, US treasuries rallied with 10-year yields falling as much as 7bps before settling around 4.03%, while gold briefly exceeded $5,200 before facing some resistance. 

• Despite the prevalent bearishness, however, pockets of demand are still quietly continuing to show up in crypto markets. While a modest purchase relative to its 717,722 bitcoin stockpile, Michael Saylor’s Strategy spent $40M between Feb 17 and Feb 22, 2026 on 592 bitcoins, at an average price of $67,286. 
• Additionally, lawmakers in Missouri advanced House Bill 2080 to the House Commerce Committee earlier last week for review. The bill was introduced by Representative Ben Keathley in January and will authorise the state treasurer to purchase and hold Bitcoin using state funds, gifts, grants and donations from residents or government entities, with a minimum holding period of five years. It marks lawmakers’ second attempt at creating a state-level Bitcoin reserve after a similar effort did not advance in February of last year. 

• The Financial Times reports that the Trump-led “Board of Peace” is considering a US dollar-pegged stablecoin intended to help people in Gaza make digital payments, citing five people familiar with the early discussions.

• Ethereum digital asset treasury Bitmine Immersion Technologies (NYSE: BMNR) announced its latest acquisition of 51,162 ETH over the past week. 
• This brings its crypto, total cash, and “moonshots” holdings to $9.6B, including 4,422,659 ETH valued at $1,958 per ETH, representing 3.66% of the total ETH supply (over 73% toward its “Alchemy of 5%” goal), 193 BTC, $691M in cash, a $200M stake in Beast Industries, and a $17M stake in Eightco Holdings.
• As of February 22, 2026, Bitmine has staked 3,040,483 ETH worth $6.0B, generating $171M in annualized staking revenue, and is on track to launch its MAVAN staking solution in Q1 2026.

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