February 5th Dong District Morning ReportMajor Events in the Past 12 Hours 🔥1️⃣ Bitcoin surged to $102,500 yesterday, but due to multiple factors such as the China tariff issue and the less-than-expected crypto czar press conference, it fell again to 96 thousand dollars, currently reported at $97,857.2️⃣ According to CME FedWatch, the market predicts a 16.5% chance of the Fed cutting rates by 25 basis points in March, with an 83.5% chance of no rate cuts.3️⃣ French Hill, chairman of the U.S. House Financial Services Committee, stated that a cryptocurrency working group will be established in both houses of Congress.4️⃣ SEC Commissioner @HesterPeirce released the top 10 priorities of the group after being appointed to lead the SEC cryptocurrency working group. Meanwhile, the SEC has also launched a page for the cryptocurrency working group on its official website.5️⃣ Crypto czar @davidsacks47 stated in the first crypto press conference that Trump asked them to assess the possibility of a Bitcoin strategic reserve.6️⃣ Additionally, during the press conference, David Sacks reiterated goals such as "a clear regulatory framework for crypto", "creating a golden age for digital assets", and "ensuring crypto innovation happens in the U.S."7️⃣ U.S. President Trump signed an executive order announcing the withdrawal from several UN institutions, including the United Nations Human Rights Council.8️⃣ According to sources cited by the New York Times, the SEC plans to reduce its cryptocurrency enforcement division, which reportedly has over 50 lawyers and staff.Important Calendar 🗓️2/5 17:00 Eurozone January Services PMI Final2/5 18:00 Eurozone December PPI MoM2/5 21:15 U.S. January ADP Employment Change2/5 22:45 U.S. January S&P Global Services PMI Final2/5 23:00 U.S. January ISM Non-Manufacturing PMI2/5 23:30 U.S. Weekly EIA Crude Oil Inventories---2/6 Eurozone December Retail Sales MoM, Bank of England Rate Decision, U.S. January Challenger Job Cuts, U.S. Weekly Initial Jobless Claims2/7 Switzerland January Consumer Confidence Index, U.S. January Unemployment Rate, U.S. January Seasonally Adjusted Non-Farm Payrolls, U.S. February 10-Year Inflation Expectations Preliminary, U.S. February University of Michigan Consumer Sentiment Index2/10 Japan December Trade Balance, Eurozone February Sentix Investor Confidence Index 2/11 U.S. January New York Fed 1-Year Inflation Expectations, U.S. January NFIB Small Business Confidence IndexEditor's Picks 🧐1️⃣ Are liquidation data severely underestimated? Bybit: Approximately $8 billion to $10 billion was liquidated across the network yesterday, with exchange data lacking transparencyhttps://t.co/NmLCrdZl3h2️⃣ China imposes a 15% retaliatory tariff on U.S. coal and natural gas! Bitcoin fell below 98 thousand, will there be a breakthrough in U.S.-China negotiations?https://t.co/NWDwo0uJ903️⃣ Researchers criticize World Liberty's predatory clauses: Don't fantasize that Trump can make you richhttps://t.co/zrXQn6Ku764️⃣ Taiwan's housing market saw a 40% plunge in January transaction volume "with Bitcoin's golden cross"? Experts criticize: Government manipulation of actual price registrationhttps://t.co/chf96z82qW5️⃣ Morgan Stanley: The tariff war could cause stocks like TSMC to plummet by 20%, advising to take profits and exithttps://t.co/V5T1GQxnET