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Spring Festival holiday must pay attention to | PCE readings may disrupt rate cut rhythm; Qian Zhimin case will have a hearing on February 16.

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Odaily星球日报
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1 month ago
AI summarizes in 5 seconds.

Key Preview for Next Week

February 16

Hearing for the case involving 60,000 Bitcoins will be held on February 16, affecting nearly 130,000 Chinese victims, with an amount exceeding 30 billion yuan;

February 18

Polymarket plans to expand fees to sports markets on February 18, initially testing NCAA and Serie A markets;

February 19

The Federal Reserve will announce the minutes of the monetary policy meeting;

February 20

The United States will announce the initial value of GDP for the fourth quarter and the core PCE price index;

The US Supreme Court will issue an opinion on the Trump tariff case on February 20

Others (Specific dates not determined)

Elon Musk: Grok 4.2 will be released next week;

From February 16 to February 22, more noteworthy events in the industry are as follows.

February 16

Hearing for the case involving 60,000 Bitcoins will be held on February 16, affecting nearly 130,000 Chinese victims with an amount exceeding 30 billion yuan

Odaily Planet Daily reports that 8,300 Chinese victims have filed claims regarding the 60,000 Bitcoin money laundering case. The asset disposal has reached a deadlock with several law firms representing different interests. Issues such as repeated submissions, ongoing debates, and prolonged procedures have been highlighted by the British judge, causing legal fees to rise, which ultimately need to be paid by Chinese victims. It is reported that on the Lunar New Year's Eve and New Year's Day (February 16 and 17, 2026), the High Court in the UK will hold a hearing regarding the case involving over 30 billion yuan, concerning nearly 130,000 Chinese victims, which is the asset disposal procedure for the much-followed 60,000 Bitcoin money laundering case. Furthermore, due to the significant fluctuations in Bitcoin's price, the market value of 60,000 Bitcoins has shrunk from about 54 billion yuan on October 6, 2025, to about 31 billion yuan in early February 2026. (Caixin)

February 17

21shares plans to grant staking rewards to Solana ETF holders on February 17

Odaily Planet Daily reports that the cryptocurrency exchange-traded product provider 21shares has announced that it will grant staking rewards to holders of its Solana ETF (TSOL). Each TSOL shareholder will receive $0.316871 per share, with the payment date on February 17, 2026. (Globenewire)

February 18

Polymarket will expand fees to the sports market, charging for NCAA and Serie A events starting February 18

Odaily Planet Daily reports that Polymarket official Rodrigo stated in a Discord post that the fee mechanism will be expanded to the college basketball (NCAA) and Serie A markets. The fee structure is the same as that of the "15-minute cryptocurrency rise and fall markets," where the taker pays the fee, and the maker receives a rebate, but the coefficients differ - with a rate of 0.0175, and an index of 1, whereby the maker's rebate is 25%, making overall costs lower.

From midnight UTC on February 18, 2026 (Wednesday), all new NCAA and Serie A-related events created after this time will adopt the new fee mechanism, and existing events will not be affected. The first rebate distribution will occur at midnight UTC on February 19.

ETH Denver will be held from February 18 to 21

Odaily Planet Daily reports that ETHDenver will be held from February 18 to 21 in Denver, United States.

WLFI will hold the first World Liberty Forum at Mar-a-Lago on February 18

Odaily Planet Daily reports that WLFI will host the first World Liberty Forum at Mar-a-Lago on February 18. The forum topics will cover the evolution of financial markets, digital assets, artificial intelligence, geopolitical risks, and public-private cooperation.

February 19

The Federal Reserve will announce the minutes of the monetary policy meeting

Odaily Planet Daily reports that on February 19 (Thursday) at 3:00, the Federal Reserve will announce the minutes of the monetary policy meeting.

February 20

The United States will announce the initial value of GDP for the fourth quarter and the core PCE price index

Odaily Planet Daily reports that on February 20 (Friday) at 21:30, the United States will announce the year-on-year core PCE price index for December, the month-on-month personal spending rate, the annualized quarter-on-quarter initial value of real GDP for the fourth quarter, the initial value of real personal consumption expenditure for the fourth quarter, the annualized quarter-on-quarter initial value of the core PCE price index for the fourth quarter, and the month-on-month core PCE price index for December.

The initial value of fourth-quarter GDP and the core PCE price index have become the market focus. As the Fed's preferred inflation indicator, if the PCE reading is higher than expected, it may impact the pace of policy easing within the year.

The US Supreme Court will issue an opinion on the Trump tariff case on February 20

Odaily Planet Daily reports that the US Supreme Court has set February 20 as the next opinion publication day. The world is currently awaiting a ruling that could essentially invalidate most of US President Trump's signature tariff policies. It is reported that justices are also expected to issue opinions on February 24 and 25. This tariff dispute is one of twelve cases debated in October or November, which have not yet reached a decision. US federal government data indicates that the disputed tariffs cost importers over $16 billion each month. Economic analyst Chris Kennedy calculated that at this rate, by February 20, the total amount of tax levied under the core law of the case, the International Emergency Economic Powers Act of 1977, could exceed $170 billion. (Jin Ten)

February 21

No updates

February 22

No updates

February 23

The NFT platform Nifty Gateway will close on February 23, 2026, and has entered a withdrawal-only mode

Odaily Planet Daily reports that the NFT platform Nifty Gateway Studio announced on platform X that Nifty Gateway will close on February 23, 2026. Effective immediately, Nifty Gateway has entered a withdrawal-only mode. Customers holding USD, ETH balances, or NFTs will receive email notifications explaining how to withdraw their assets from the Nifty Gateway platform.

Strategy World 2026 will be held from February 23 to 26 in Las Vegas, USA

Odaily Planet Daily reports that the summit hosted by Strategy, Strategy World 2026, will occur from February 23 to 26 in Las Vegas, USA, featuring over 80 sessions and practical workshops.

Others (Specific dates not determined)

Elon Musk: Grok 4.2 will be released next week

Odaily Planet Daily reports that Elon Musk stated on platform X that Grok 4.2 will finally be released next week, with significant improvements compared to version 4.1.

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