US Fiscal Policy and Crypto Markets: Powell, Trump, and Legislative Updates

The US conducted airstrikes on three Iranian nuclear facilities, marking a significant escalation in Middle East tensions. President Trump declared the operation successful while warning of stronger responses to potential retaliation. Key developments: - Rep. AOC calls for impeachment proceedings - Global leaders warn of possible Iranian retaliation via cyber attacks and proxy warfare - 40,000 US troops in region face increased risk - Oil supply routes potentially threatened **Crypto Market Response:** - Bitcoin remains stable despite news ($104K-105K range) - Social media mentions of Iran spiked immediately - Weekend timing may have muted initial market reaction - Historical patterns suggest possible short-term volatility *Monitor developments here:* [Iran Social Volume Tracker](https://app.santiment.net/s/U2gxSjyw)

A significant whale movement has been detected for Eurite (market cap rank #521, valued at $50.9M). Nearly 10% of its total supply was transferred to Binance, raising potential volatility concerns. Key points: - Previous similar whale movements to CEX have historically preceded major sell-offs - Earlier in May, Eurite saw a $3.3M transfer (7.4% of supply) - Other notable whale movements detected in Illuvium, Mantra Chain, Ethena Labs, and Pepecoin Santiment's [Whale CEX Deposits Dashboard](https://queries.santiment.net/dashboard/top-cex-deposits-1001) tracks these movements. They're offering a free 2-week trial of their crypto analytics platform.

US and China have announced reaching a trade agreement, with full details expected Monday. Markets have responded positively: - Bitcoin climbed to $104.1K - Ethereum surged above $2,500 - Stock markets showing strong gains **Key Points:** - Agreement framework likely discussed in Geneva - Official confirmation pending from White House - Potential immediate reduction in export/import impacts *Trading Considerations:* - Await official announcement before major positions - Exercise caution against buy rumor/sell news scenario - Monitor market reaction to tariff reduction details Previous 90-day tariff pause excluding China led to significant gains in crypto and stocks, suggesting markets remain highly reactive to trade news.

**Key Market Movements in February:** - 135 new wallets holding 100+ BTC have emerged - 138,680 smaller wallets (<100 BTC) have disappeared - Pattern shows large holders accumulating during market volatility **Historical Context:** Similar whale accumulation occurred in October 2024, with 297 new large wallets (+1.9%) appearing while smaller wallets decreased by 20,629 (-0.1%). This wealth transfer from retail to institutional holders typically precedes market growth, though timing remains uncertain.