Background: You are reading Crypto Daybook Americas, a new morning brief that covers key developments in the cryptocurrency markets overnight and expectations for the coming day. This daily update will soon replace the First Mover Americas newsletter and will be sent to your inbox at 7 a.m. ET. If you haven’t subscribed yet, click here.

Market Overview: Cryptocurrency investors are increasingly taking a “wait-and-see” approach due to conflicting news surrounding the markets. Notably, the BTC Volatility Index on Deribit has declined from 72 in January to approximately 50.8 as of now.

Market Maturity: The decrease in volatility indicates a maturation of Bitcoin as an asset, according to Tracy Jin, COO of MEXC. She noted, “Instead of responding strongly to immediate market shocks, BTC is demonstrating signs of stability, resembling the behavior of commodities and traditional safe-haven assets.”

FTX Developments: In related news, the FTX initiation of creditor payouts is underway, while issues surrounding the Libra token continue to escalate. Its co-creator, Hayden Davis, reportedly bragged about manipulating access to President Milei’s circle before the token launch.

Strategic Moves: Strategy, a major corporate Bitcoin holder, is looking to raise $2 billion by selling convertible notes, primarily to accumulate more Bitcoin.

Macro Trends: Traders are currently focused on the minutes from the Federal Open Market Committee (FOMC) meeting held in January, especially concerning President Trump’s remarks on potential 25% tariffs on vehicles and semiconductors. Recent discussions about U.S.-Russia talks in Riyadh hint toward a possible resolution regarding the Ukraine conflict. However, excluding representatives from Ukraine and Europe remains a contentious issue.

Important Dates to Note:

• Feb. 19, 9:30 a.m. - Fold Holdings begins trading on Nasdaq.
• Feb. 19, 11:00 a.m. - State of Sei livestream.
• Feb. 20, 2:00 p.m. - Fed releases January meeting minutes.

Final Thoughts: As the landscape continues to evolve, staying informed on regulatory developments and market responses is critical for all investors.