February was a strong month for exchange-traded BTC funds. The global BTC exposure of BTC ETPs reached a new all-time high of 190,181 BTC on Feb 28th.
The Ukrainian crypto crowdfunding effort has now reached $50.9 million, per figures published by blockchain analytics platform Elliptic. Elliptic has also tracked the total amount of crypto donations that have come from Come Back Alive, an NGO that was suspended from Patreon for “funding military activity.”
Genesis Digital Assets, a privately held industrial-scale bitcoin miner, plans to start a new self-hosted bitcoin mining data center in Sweden which is expected to have up to 100 megawatts of power capacity. The facility will likely be online by 2024 and aims to be powered by 100% clean energy sources.
U.S. stocks edged lower Thursday as investors assessed how a recent upwards trajectory in commodities prices is likely to affect inflation and the Fed policy. The drop was led by the tech-focused Nasdaq Composite that fell 1.6%.
U.S. Treasuries reached “extreme overbought territory” prior to the recent rebound in yields, according to JPMorgan strategists. They still view the Treasuries bear market as intact and expect the 10-year yield to exceed 2% in the months ahead.
Russia’s second-largest oil producer, Lukoil, has called for a “fast resolution of the military conflict” in Ukraine as the Russian invasion of its neighbor has entered its second week. In a statement on its website, Lukoil said “We fully support its resolution through negotiations, by diplomatic means.”
New applications for unemployment benefits in the U.S. dropped slightly last week and remained near historically low levels as the labor market stays tight following a decline in Covid-19 cases.