🤯25% Tariffs On Metal

Good morning. It's Monday, Feb. 10, and we're covering, Trump To Impose New 25% Tariffs On Steel And Aluminum Imports, T-Mobile Opens Satellite-to-Phone Service To The Public For Free, Israel Troop Withdrawal From Gaza Corridor Marks Step Toward Ceasefire, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $3.18 Trillion, a 0.21% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $102.68B, which makes a 39.07% increase.

• The total volume in Defi is currently $7.46B, 7.27% of the total crypto market 24-hours.

• The volume of all stablecoins is now $93.66B, which is 91.22% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 60.77%, an increase of 0.36% over the day.

Polymarket Bettors Wager $1.1 Billion On Super Bowl, Surpassing U.S. Election Betting

Polymarket bettors placed $1.1 billion on Super Bowl results, surpassing U.S. election-related betting on the platform. The Super Bowl saw the Philadelphia Eagles defeat the Kansas City Chiefs 40-22. One Polymarket user, 'abeautifulmind,' profited over $550,000, while 'hubertdakid' lost $718,633. Polymarket, which earns revenue from transaction fees rather than user losses, has seen its lifetime sports-related volume surpass $6 billion, exceeding $5.2 billion for political markets. (Read Deeper)

BUSINESS & FINANCE

Trump To Impose New 25% Tariffs On Steel And Aluminum Imports

U.S. President Donald Trump announced plans to introduce 25% tariffs on all steel and aluminum imports, escalating his trade policy agenda. The tariffs will take effect next week and apply to all countries, on top of existing metal duties. This development is reminiscent of previous tariffs imposed by Trump during his first term, which disrupted global trade relations and impacted key industrial sectors in the U.S. and abroad.

Takeaway: Trump plans to introduce tariffs matching the rates imposed by other nations, aiming for "fair treatment" in trade. Canada, Brazil, and Mexico are the largest sources of U.S. steel imports, while Canada supplies 79% of U.S. aluminum imports. Canadian officials criticized the move, with Quebec Premier François Legault questioning if the U.S. prefers sourcing aluminum from China instead of Quebec. (Read Deeper)

Elon Musk Has On Plans To Buy TikTok

At a recent conference in Germany hosted by Mathias Döpfner, billionaire CEO of Axel Springer, Elon Musk made it clear that he has no interest in purchasing TikTok’s U.S. operations. “I’m not champing at the bit to acquire TikTok,” Musk said. He emphasized that acquiring Twitter (now X) in 2022 was an exception driven by his desire to preserve free speech, rather than a typical business move for him.

Takeaway: The U.S. government has long scrutinized TikTok due to national security concerns tied to its Chinese parent company, ByteDance. There have even been discussions involving Musk or other American executives potentially taking control of TikTok to avoid a ban. (Read Deeper)

TECHNOLOGY & SCIENCE

T-Mobile Opens Satellite-to-Phone Service To The Public For Free

T-Mobile has officially opened beta testing for its satellite-to-phone service, powered by SpaceX’s Starlink satellites, following a Super Bowl ad announcement. The service, dubbed T-Mobile Starlink, offers free access until July 2025. Afterward, it will be included for free with the Go5G Next plan, or available as an add-on for $15 per month ($10 for beta testers). The service is open to customers from rival networks like Verizon and AT&T, with post-July pricing set at $20 per month per line for them.

Takeaway: Initially, the service supports text messaging in areas without traditional cell coverage, spanning over half a million square miles. As the network evolves, multimedia messaging, voice calls, and data services will be introduced. T-Mobile Starlink works with most smartphones from the past four years. Emergency alerts such as weather warnings will also be supported. (Read Deeper)

Chinese Companies Embrace DeepSeek AI

Chinese companies are rapidly adopting DeepSeek’s groundbreaking open-source AI platform. Hebei-based automaker Great Wall Motor has integrated DeepSeek into its "Coffee Intelligence" connected vehicle system. China’s top telecom providers China Mobile, China Unicom, and China Telecom are collaborating with the technology to promote inclusive AI applications. Tech giants Tencent and Huawei also confirmed the integration of DeepSeek's AI

Takeaway: Investor excitement has driven up shares of AI-related companies. Capitalonline Data Service's stock surged 49% after deploying the DeepSeek-R1 model, while MeiG Smart Technology shares rose 33%, though both firms cautioned that business impacts remain uncertain. (Read Deeper)

AROUND DE WORLD & POLITICS

Israel Troop Withdrawal From Gaza Corridor Marks Step Toward Ceasefire

Israeli forces have withdrawn from the Netzarim Corridor, a critical military zone dividing Gaza into northern and southern regions. This move is part of the ongoing Israel-Hamas ceasefire agreement, which has already seen the release of 16 Israeli hostages and 566 Palestinian prisoners. Negotiations continue, with an Israeli delegation heading to Qatar to discuss technical aspects of the ceasefire.

Takeaway: Following the withdrawal, many Palestinians returned to northern Gaza, only to find widespread devastation. Residents reported homes, shops, farms, and infrastructure destroyed. Despite the return, challenges remain as Israel retains control over Gaza’s borders. U.S. President Donald Trump's controversial proposal to relocate Gaza's population and develop the area as a "Riviera of the Middle East" has drawn international condemnation from Arab states like Egypt and Saudi Arabia. (Read Deeper)

World Leaders And Tech CEOs Gather In Paris For Critical AI Summit

The Paris AI Summit has gathered world leaders, including French President Emmanuel Macron, U.S. Vice President JD Vance, and China's Vice Premier Zhang Guoqing, along with top tech executives such as Alphabet CEO Sundar Pichai and OpenAI CEO Sam Altman. The summit aims to explore ways to safely harness AI while avoiding over-regulation that could stifle innovation.

Takeaway: Discussions are also expected to cover AI's energy demands and its role in developing countries. France recently struck a $50 billion AI data center deal with the UAE and aims to position itself as a leader in open-source AI systems and clean energy solutions. With President Donald Trump dismantling previous U.S. AI regulations to boost competitiveness, pressure is mounting on the EU to adopt a more flexible approach to its AI Act. (Read Deeper)

ENTERTAINMENT & SPORTS

Eagles Crush Chiefs To Deny Historic Super Bowl Three-Peat

The Philadelphia Eagles secured a dominant 40-22 victory over the Kansas City Chiefs, preventing them from achieving a historic third consecutive Super Bowl title. The Eagles' defense, the best in the NFL this season, overwhelmed Chiefs quarterback Patrick Mahomes, sacking him six times and intercepting two passes. Despite limiting Eagles star running back Saquon Barkley, the Chiefs couldn't stop quarterback Jalen Hurts, who threw a decisive 46-yard touchdown pass and was named Super Bowl MVP. (Read Deeper)

Kendrick Lamar Thrills Fans At Super Bowl Halftime Show With ‘Not Like Us’ Performance

Kendrick Lamar delivered a powerful performance at the Super Bowl LIX halftime show, captivating fans with hits like “Squabble Up,” “Humble,” and “DNA.” Despite initial hesitation, he performed his viral and controversial track "Not Like Us," omitting a contentious lyric aimed at Drake. SZA joined Lamar on stage for “Luther” and “All the Stars,” while tennis icon Serena Williams made a surprise appearance, which sparked social media reactions due to her past rumored relationship with Drake. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

• OpenAI CEO Sam Altman Discusses AI Distribution and AGI at Scale: In a recent blog post, Sam Altman, CEO of OpenAI, acknowledged that AI's benefits might not naturally be distributed equally across society and highlighted the need for "early intervention" (Read Deeper)

EXTRA BREVITI

• Sony Offers PlayStation Plus Users Five-Day Extension Following Global Outage. (Read More)

• China's retaliatory tariffs on American goods took effect amid escalating trade tensions with the US, following President Trump's announcement of new import taxes on Chinese products. (Read More)

• Nokia announced that CEO Pekka Lundmark will step down, with Justin Hotard, Intel’s Data Center & AI Group executive vice president, set to take over on April 1. (Read More)