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14:17
Middle East conflict drives oil prices higher, Russia's windfall oil tax revenues expected to increase further
Golden Ten Data reported on April 14 that the Middle East war has driven up oil prices and increased demand for Russian oil, leading to a further anticipated rise in Russia's oil tax windfall. According to data from the independent international energy and commodities price assessment agency Argus, in the first 13 days of April, the average price of Russia's main export grade Urals crude at western ports reached $106.3 per barrel, up 42% from March. Russia's oil tax is calculated based on the Urals oil price with a one-month lag, so the price increase in March will be reflected from this month onwards. In local currency terms, the average Urals price in March had already surged to 6,191 rubles; if April’s average price and exchange rate maintain current levels, it will further rise to around 8,300 rubles this month, the highest since March 2022. According to Finam economist Belyankaya, every $1 increase in Urals’ annual average price means an increase of about 150 billion rubles (approximately $2 billion) in Russia's oil and gas tax revenue. In April alone, industry revenues may reach 900-950 billion rubles, higher than March's 617 billion rubles.
14:12
Strategy’s bitcoin holdings have turned from loss to profit, with the current treasury value reaching $59.1 billion
According to Odaily, as Bitcoin price rebounded and surpassed Strategy’s holding cost, data from SaylorTracker shows that Strategy’s holding of 780,897 Bitcoin has shifted from a loss to a profit. The current treasury market value has reached 59.1 billion USD, with an unrealized profit rate of 0.14%.
14:02
A $500 million bottom-fishing whale transfers 670 cbBTC to a certain exchange
According to Ember monitoring, a whale/institution transferred 670 cbBTC (approximately 50.11 million USD) to an exchange 10 minutes ago. The average purchase price for the 4,000 cbBTC bought in early February was 73,837 USD, which means that this suspected partial sell-off generated a profit of 1.1 million USD.
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