RABIT Weekly news (W1 Mar 2022)

Russian invasion of Ukraine
- Due to their nation’s withdrawal from SWIFT, Russians rush to sell rubles and acquire bitcoin
- Cryptocurrency mining may be used to avoid sanctions from Western hemisphere
- Current Russian share of Bitcoin hash rate at 11%
- Virtual assets under early stages of review in the U.S. as next target of sanctions against Russia
- Due to financial sanctions against Russia, number of wallets holding over 1,000 BTC has surged by 7%
Diminishing chances of U.S. Fed to take a “big step” of raising its key interest rate by 50bp in March; two-year fall in U.S. bond rates may lead to major rebound in growth stocks and cryptocurrency.
South Korean mobile games titan NetMarble creates own Klaytn-based proprietary blockchain ecosystem, MBX(MARBLEX)
Morgan Stanley acquires millions of shares in GBTC through more than 30 funds, may potentially become the largest Bitcoin-owning institution
CME Group to offer options contracts for micro Bitcoin, Ethereum futures on March 28th