Market Round Up: February 23, 2026

Rootstone's Market Round Up

╰ The Supreme Court ruled Trump's IEEPA emergency tariffs unconstitutional. BTC briefly rallied, but Trump immediately imposed a new 10% global tariff under the Trade Act of 1962. Markets remain uncertain as legal battles continue.

╰ Bitcoin has never posted back-to-back declines in January and February until now. Down 23% YTD to ~$67K, with $4B in ETF outflows over five weeks. Fear & Greed Index hit 5 — an all-time low. K33 Research sees a late-2022-style bottom forming.

╰ Grayscale (GSUI) and Canary (SUIS) debuted on NYSE and NASDAQ on Feb 18 — the first regulated U.S. spot SUI ETFs with built-in staking rewards. With ~75% of SUI already staked, ETF inflows could significantly tighten available float.

╰ The core technical team behind Aave v3 announced departure effective April 1, citing governance misalignment and centralization under Aave Labs' v4 push. Analysts called it the most significant talent loss in Aave's history. AAVE dipped 6%.