The February hashrate drop was a "perfect storm" that triggered an 11.4% downward difficulty adjustment, the largest since 2021.
Why it happened: - Texas Weather: Severe winter storms forced industrial miners to shut down to save the power grid (or sell their energy back for higher profits). - Price Correction: Bitcoin’s drop toward $60,000 made older rigs unprofitable. Some firms pivoted their hardware toward AI training for better margins. - Regulation: Renewed crackdowns on "gray" mining in Russia and China removed significant hardware from the network. The Result: The network has already begun a "V-shaped" recovery. The lower difficulty has made mining profitable again for the remaining operators, and hashrate is already bouncing back. This is actually one of the sharpest V shape recovery in hashrate we've ever seen. Source: ₿ Isaiah ⚡️ @BitcoinIsaiah
Wow Hedgefunds are smashing the buy button on Asian stocks.
These are the biggest inflows in years. 🤑 International markets continue to see a lot of interest. Markets & Mayhem @Mayhem4Markets Via @GoldmanSachs
Banks and insurers might be longs as structural beneficiaries in the AI era.
Back office tasks get automated and margins improve. Software has a large opportunity to improve efficiency as well. Source: Greg @GS_CapSF
AI disrupting toilets next
Source: Bloomberg
THE WORLD RUNS THROUGH 8 STRAITS
Here are the key chokepoints: • Malacca ~25% of global traded goods • Hormuz ~25% of global oil, ~⅓ of LNG • Singapore ~50% of global seaborne trade • Gibraltar Atlantic ↔ Mediterranean • Bosphorus Black Sea outlet • Magellan Atlantic ↔ Pacific backup • Bering Arctic gateway • Bass Australian passage These are pressure points. Close Hormuz... Oil spikes. Disrupt Malacca... Asia freezes. Block Bosphorus... Black Sea trade halts. Geopolitics isn’t abstract. It’s maritime geometry. Source: Jack Prandelli @jackprandelli on X
hey, capex is good. It will pay off” consider the historical record
Source: Peter Berezin @PeterBerezinBCA
AI Risk Is Dominating Conference Calls as Investors Dump Stocks
Source: Bloomberg
A Stock Market Doom Loop Is Hitting Everything That Touche AI
Source: Bloomberg
