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So there's a lot happening this week that could move markets. First, the big bitcoin miners are reporting earnings - Riot and Core Scientific both dropping numbers, and it's worth paying attention to. Both these companies have been pivoting hard into AI infrastructure, which is interesting since mining profitability has been under pressure. Core's whole CoreWeave deal fell through last year, so seeing how much of their revenue still comes from actual mining will tell us something about where this sector is heading.
On the macro side, the U.S. jobs report is coming Friday and it's the headline event. Consensus is looking for around 60,000 new positions added in February, which would be a pretty significant slowdown from the previous month's 130,000. If that number comes in weak, it could spark some flight-to-safety moves. We're also getting ISM manufacturing and services PMI data, ADP employment numbers, and the Fed's Beige Book, so there's no shortage of economic data to digest.
Then there's the geopolitical situation with Iran and the Middle East escalating. Trump has suggested it could last four to five weeks, so if there's a surprise ceasefire or de-escalation, that could actually be a catalyst for risk appetite to come back into crypto. Markets have been a bit jittery about it.
On the crypto side, there are a bunch of governance votes wrapping up this week across different DAOs - Uniswap, ENS, GMX, and others. Some decent token unlocks too, including a big one from Hyperliquid on March 6th worth nearly $290 million. Nothing crazy, but worth monitoring for any selling pressure.