U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

February 25th: Circle CEO Jeremy Allaire released a post reviewing the firm’s Q4 2025 and full-year performance. “We’re at an inflection point. The internet is shifting from moving information to moving value. Blockchain, stablecoins, and AI aren’t isolated trends — they’re converging into a brand-new global economic system built natively on the web.” “I believe we’re on the cusp of a world with billions — if not hundreds of billions — of AI agents operating online and carrying out economic functions. These agents will need programmable digital dollars and open infrastructure to make this a reality. That’s exactly what we’ve been building at Circle. Our Q4 performance shows this isn’t just a vision anymore — it’s happening.” “USDC keeps growing: our share of stablecoin trading volume is nearly 50%. Our platform has expanded well beyond just issuance, moving into the infrastructure layer of on-chain finance. Arc, CCTP, the Circle Payments Network, and StableFX? Each is a corner

On February 25th, BlackRock deposited 1,134 BTC (valued at approximately $74.18 million) to Coinbase, per monitoring data from OnchainLens.

February 25th — Bitget market data shows: - Circle (CRCL) surged 14.2% in pre-market trading after releasing its 2025 annual report. The fintech firm posted total revenue and reserve income of $2.7 billion for fiscal 2025, a 64% year-over-year jump. - Nvidia (NVDA) is up 0.81% in pre-market trading. Markets widely expect its Q4 revenue to rise 67% year-over-year when it reports tonight; NVDA shares have averaged a 4% swing in the eight quarters following earnings releases. - U.S.-listed crypto-related stocks are trading higher: ? MicroStrategy (MSTR) +2.64% ? Coinbase (COIN) +3.97% ? Marathon Digital Holdings (MARA) +2.64% ? Riot Platforms (RIOT) +2.85% ? BitMine Immersion (BMNR) +3.7% ? SharpLink Gaming (SBET) +3.05%

February 25 – Mining firm Hut 8 has released its Q4 2025 and full-year financial results. **2025 Fiscal Year Highlights:** - Generated $9.6M in custody services revenue - Held ~$1.4B in cash and bitcoin reserves as of December 31, 2025 - Launched a $1B ATM financing plan - Entered a revolving credit agreement with Two Prime and Coinbase (max $400M borrowing limit) **12-Month Period Ended Dec 31, 2025:** - Revenue: $235.1M (up from $162.4M prior year) - Net loss: $248M (vs. $331.4M net profit in the year-ago period)

February 25th — Circle, the issuer of stablecoin USDC, announced its Q4 2025 and full-year 2025 performance, with key highlights including: - USDC’s circulating supply totaled $75.3 billion as of the period end, marking a 72% year-over-year (YoY) increase; - USDC on-chain transaction volume reached $11.9 trillion, a 247% YoY jump; - Total revenue and reserve revenue hit $770 million in Q4 2025, a 77% YoY rise; For full-year 2025: - Total revenue and reserve revenue totaled $2.7 billion, up 64% YoY; - Net loss from continuing operations was $70 million, primarily driven by $424 million in stock-based compensation tied to its initial public offering (IPO); this compares to a $157 million net profit from continuing operations in 2024; - Adjusted EBITDA was $582 million, a 104% YoY increase; Circle noted it is building an economic operating system for the internet, unlocking new possibilities spanning frictionless cross-border payments to intelligent AI applications.

**NVIDIA Q4 2025 Earnings Out Tonight Post-Market: AI Sector Barometer in Focus** NVIDIA will release its Q4 2025 earnings report tonight after the U.S. stock market closes (5 a.m. Beijing time tomorrow)—a critical gauge for the AI industry and U.S. equities. As the world’s most valuable company, its results are poised to move global financial assets. Markets are tuned into: - Data center revenue growth - Blackwell GPU shipment updates - Next quarter’s outlook ### Market Expectations Sentiment is cautiously optimistic, with a 14th consecutive earnings beat widely expected. Key consensus forecasts: - Q4 revenue: $650–$660 billion (65%–68% YoY growth); data center segment to top $60 billion - Official guidance (Nov 2024): $650 billion ±2% - EPS: $1.50–$1.53 (70%–72% YoY growth) - Gross margin: ~70% For Q1 FY2027 (next quarter), consensus revenue stands at $710–$730 billion (63%–64% YoY growth)—dependent on demand for Blackwell and Rubin chips. ### Institutiona