On February 6, 2026, the United States and India concluded a trade agreement that will gradually cut Indian tariffs on large gasoline-powered American luxury cars from 110% to 30% and remove all import duties on Harley-Davidson motorcycles. In return for lower US tariffs, India pledged to buy $500 billion in American goods, but foreign electric vehicles such as Tesla models remain excluded from the tariff relief unless manufacturers commit to local production. The deal underscores India's preference for supporting domestic EV manufacturing while giving traditional high-end combustion vehicles greater access to its market.

On Friday morning, market turbulence pushed the anti-establishment favorite cryptocurrency down to about $60,000, a 50% drop from its October record and 30% lower than in January. In 2025, software shares have fallen 16% while indexes rich in commodities, utilities, industrials, and financials have risen, underscoring a shift in leadership away from tech and speculative digital assets. Analysts note that the same risk-off sentiment weighing on U.S. tech stocks and AI-exposed companies is now driving investors toward more traditional sectors.

On February 7, 2026, Erebor Bank received final approval from US federal banking regulators to operate nationwide as a national bank, after filing its application less than eight months earlier. The crypto-supportive institution, backed by about $635 million and valued at up to $4 billion in recent funding rounds, aims to serve high‑tech and digital asset sectors while integrating blockchain-based payments and collateralized crypto lending.

On February 7, Washington and New Delhi confirmed they had agreed on a framework for an interim trade deal that ends a months-long tariff dispute between Donald Trump's administration and Narendra Modi's government. Under the arrangement, Indian exports to the US will face an 18 per cent reciprocal tariff instead of the previous 50 per cent, while India says it intends to purchase $500bn in US energy, aircraft, metals, technology products, and coking coal over five years. India also committed to halt Russian oil imports and to broaden market access for US food and agricultural goods, while the two sides added digital trade to the scope of future talks.

On February 6, 2026, the People's Bank of China and seven agencies barred unauthorized RMB-pegged stablecoins and extended liability to firms that assist such projects. Earlier, on January 1, 2026, e-CNY was reclassified as digital deposit money, and in January 2026 banks were permitted to pay interest on verified wallets, aligning the state token with deposit protections.

On February 6, 2026, Atlanta Fed President Raphael Bostic said Americans still trust the central bank to fulfill its mandate, according to Bloomberg News. He reaffirmed the goal of bringing inflation back to 2% and defended the Fed's independence amid criticism from Washington and calls for faster rate cuts.

Pump.fun completed its acquisition of crypto trading service Vyper last week, integrating its automation tools into the company's Terminal platform while Vyper winds down most operations on February 10, 2026. The move follows Pump.fun's October 24 purchase of Padre and comes as total memecoin market value has fallen from over $100 billion in December 2024 to about $28 billion, with the platform's monthly revenue dropping from more than $137 million in January 2025 to roughly $31 million by January 2026. Despite the downturn, around 30,000 new tokens were launched on February 2, 2026, underscoring ongoing demand for trading automation and multi-chain tools.

Vietnam's Ministry of Finance has unveiled a draft regime for digital-asset activity, proposing a 0.1% charge on transfers via licensed platforms and a 20% corporate income tax on domestic profits. A five-year pilot is slated to begin in September 2025 with transactions settled in Vietnamese dong, while exchange operators would face a VND 10 trillion (about $408 million) minimum capital requirement.

On Wednesday's earnings call, Alphabet highlighted that AI is lifting results across its businesses after launching Gemini 3. CEO Sundar Pichai said the Gemini app exceeded 750 million monthly users by the end of the December quarter, while the company signaled 2026 capital spending of $175–$185 billion and reported 48% cloud revenue growth.