Trump just suspended tariffs on 8 EU countries over Greenland.
✅ Markets surged
✅ S&P 500 had its best day in two months
But the damage to transatlantic relations is not reversing.
Here's what happened🧵

Twitter

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...

Breaking News! The Year of China's RWA: A Compliant Channel Opens for Trillions of Yuan in Domestic Assets to Go Global

1/ Few days back. Trump threatened tariffs on 8 EU countries of 10% starting Feb 1, escalating to 25% by June.
Yesterday he met NATO Secretary General Mark Rutte and suspended tariffs indefinitely and claimed "framework for a future deal" exists.
While Danish Foreign Minister said, it is positive that military force will not be used, but the problem doesn't go away... Greenland remains Denmark's red line.

2/ Trump at Davos said that he would not use force to take Greenland.
Then immediately added, "You can say yes and we'd be grateful or say no and we'll remember that"
A harsh warning dressed as diplomacy.

9/ Take this piece as an informational update & not an investment thesis.
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10/ What are your thoughts on the situation guys?
@hmalviya9 @belizardd @Hercules_Defi @kenodnb @thelearningpill @Defi_Warhol @TheDeFiPlug @Eli5defi  @andrewmoh @0xTindorr @arndxt_xo @poopmandefi @0xCheeezzyyyy @Mars_DeFi @splinter0n @satyaki44 @0xTanishaa @bullish_bunt @cryptorinweb3 @TheDeFiKenshin @MeshClans

I think I have deja vu with Chinese tariff wars on 2025.
Same situation, similar dump.
Not a coincidence?