Overview

• Bitcoin miners are ramping up their operations, consuming energy at unprecedented rates ahead of a crucial update in Bitcoin's code.
• The race to rebuild Ukraine post-war is attracting global interest, with estimates suggesting over $1 trillion will be needed for reconstruction.
• The European Central Bank has kept interest rates unchanged, signaling a cautious approach amid a stagnating euro-area economy and softer inflation outlook.
• In the US, the unemployment rate has risen to a two-year high, despite continued healthy hiring, indicating a cooling yet resilient labor market.
• Global economic indicators and geopolitical tensions continue to influence market dynamics, with significant developments in Europe, Asia, and emerging markets.