Monetary Policy

ChainCatcher 消息，英国《金融时报》援引知情人士报道，欧洲央行行长克里斯蒂娜·拉加德正在考虑于任期届满前提前离职，以便法国总统马克龙与德国总理默茨就继任人选达成一致，时间节点或与法国 2027 年 4 月总统大选相衔接。欧洲央行发言人随后回应称，拉加德“完全专注于其职责，尚未就任期结束作出任何决定”。

2026年2月18日11:00至11:15（UTC），BTC在短短15分钟内下跌0.60%，价格围绕$67,800波动。伴随整体市场气氛转趋谨慎，短线波动明显加剧，交易活跃度提升，市场关注度持续升温。 本次异动的主要驱动力是宏观层面的压力。美国联邦储备近期的利率政策带动全球金融市场避险情绪升温，风险资产集体承压，加密市场也同步跟随走弱。同时，欧盟最新合规框架出台，监管趋严的预期增加了市场不确定性

ChainCatcher 消息，据市场消息，欧洲中央银行计划在 2029 年年中发行数字欧元，试点计划于 2027 年进行。

PANews 2月18日消息，据金十报道，欧洲央行执委奇波洛内表示，数字欧元网络将在2029年之前准备就绪，供私人支付系统使用。

Arthur Hayes warns that the recent divergence between Bitcoin and Nasdaq 100 tech stocks signals a potential AI-driven credit crisis, prompting central banks to resume large-scale money printing. He argues Bitcoin acts as a liquidity indicator and predicts consumer debt defaults if 20% of US knowledge workers lose jobs, resulting in significant credit losses. Hayes anticipates regional banks will face immediate pressure, leading to a credit freeze and a Fed response that could push Bitcoin to new highs. His company may also invest in altcoins Zcash and Hyperliquid when the Fed changes its policy.

Universa Investments 創辦人 Mark Spitznagel 警告，S&P 500 可能衝上 8,000 點，但隨後面臨劇烈崩跌。他指出當前市場已接近泡沫末期，並建議投資人為可能 80% 的回檔做好準備，同時保持理性，不被市場情緒左右。

投资银行TD Cowen指出，填补SEC和CFTC的民主党空缺可能推动美国加密市场结构法案谈判。核心障碍在于利益冲突规则的政治争议，民主党欲防止高级官员及家人参与特定数字资产交易，尤其涉及特朗普的加密项目。两党需达成妥协以推进法案。

ChainCatcher 消息，据金十报道，CME “美联储观察”显示，美联储到 3 月维持利率不变的概率为 92.1%，降息 25 个基点的概率为 7.9%。到 4 月，累计降息 25 个基点的概率为 23.6%，维持利率不变的概率为 75%，累计降息 50 个基点的概率为 1.5%。到 6 月，累计降息 25 个基点的概率为 50%。

2026-02-17 17:30 至 17:45（UTC），BTC在短短15分钟内下挫-0.71%，波动幅度显著，引发市场关注。行情表现上，价格呈现快速下行，反映出市场短线承压和风险偏好暂时转弱，交易量同步放大，显示出多空资金在该窗口的剧烈分歧。 本次异动的主要驱动力是某主流交易平台突发大量BTC抛售事件。由于韩国某头部平台因误发比特币空投，导致短时间内平台内BTC/KRW交易对最低一度闪崩17

The Bank of Russia plans to reassess its opposition to stablecoins and conduct a feasibility test this year due to rising demand. Amidst global stablecoin adoption, Russia may develop its own ruble-pegged stablecoin alongside its digital ruble initiative.

Bundesbank backs euro CBDC and stablecoins to boost payment independence across Europe. Nagel warns dollar stablecoins could weaken EU monetary policy and sovereignty. US stablecoin law and CLARITY Act talks shape global digital asset regulation debate. Joachim Nagel, president of

Joachim Nagel advocates for euro-pegged stablecoins and a retail digital euro to enhance EU autonomy from U.S. dollar systems. He emphasizes regulatory frameworks for financial stability while addressing ongoing discussions on digital currency design.

2025年底中國廣義貨幣（M2）達340.29兆人民幣，較2019年暴增141.64兆，分析指出主要來源包括信貸擴張、政府債務貨幣化及金融資產購買。前銀行副行長王永利批評比特幣等加密資產作為貨幣的錨定方式，認為是倒退，並強調現代貨幣不再依賴金屬本位制，反映出全球法幣體系的加速貶值現象。

Bitcoin's long-term holders show weaker accumulation post-February dip, indicating pressure and loss realization. Despite macro uncertainties, some analysts believe support at $60,000 may hold, citing strong buying flows and orderly market conditions.

ChainCatcher 消息，据金十报道，欧洲央行管委内格尔表示，欧元计价的稳定币可为廉价国际转账提供便利，补充欧洲央行推广数字欧元的工作。他指出，欧洲必须在支付系统上更加独立，并强调了创建数字欧元的重要性。内格尔提到，欧元计价稳定币可以被个人和企业用于低成本的跨境支付，显示出欧央行对这一领域的态度正变得更加开放。

Gate News bot message, Fed Governor Christopher Waller states post-election crypto euphoria is fading. Chinese exchanges tighten trading rules amid metals speculation surge. Senators ask Bessent to probe $500M UAE stake in Trump-linked $WLFI.

Russia's cryptocurrency market is booming at $648 million daily, highlighting extensive adoption but limited oversight. New regulations aim to legalize trades, potentially reclaiming $15 billion in fees and enhancing local exchange profits.

Cathie Wood suggests that Trump may eliminate capital gains taxes on small Bitcoin transactions in 2023, linking this potential policy shift to the upcoming midterm elections and the political importance of crypto voters. She also indicates possible future purchases for the U.S. Bitcoin reserve, emphasizing the strategic role of crypto in Trump's economic agenda.

The Bank of Russia plans to reassess its opposition to stablecoins and conduct a feasibility test this year due to rising demand. Amidst global stablecoin adoption, Russia may develop its own ruble-pegged stablecoin alongside its digital ruble initiative.

_Treasury Secretary Scott Bessent says the Trump administration will prioritize digital assets under strict U.S. regulatory and AML standards._ Trump Treasury Signals Major Shift on Crypto Regulation as Treasury Secretary Scott Bessent outlined a new direction for digital assets policy. He