News

⑴ Bank of America stated that U.S. equity funds saw the largest outflow in six weeks, totaling $13.9 billion, while other regions attracted capital inflows. ⑵ Citing EPFR Global data, Bank of America reported that in the week ending March 4: bonds attracted $19.7 billion in inflows; equities overall saw $11.5 billion in inflows; and money market funds received $5.6 billion in inflows. ⑶ Gold experienced its largest outflow since October last year, totaling $1.8 billion.

ChainCatcher reported that, according to market sources, bitcoin mining company DMG Blockchain Solutions has announced that it has been approved to increase its total available power capacity to 75 megawatts. The company also plans to explore power financial hedging contracts to avoid the impact of power curtailment events on bitcoin mining and artificial intelligence data center operations.

Golden Ten Data reported on March 6 that, according to informed sources, Reliance Industries is seeking to purchase Russian oil after obtaining a temporary procurement license from the United States for India. The source stated that the refining giant plans to process these crude oils at its facilities dedicated to producing fuel for the domestic Indian market. He added that the company’s export-oriented plants will continue to use non-Russian grades of crude oil. This exemption marks a significant shift in the stance of the Trump administration, which had previously exerted considerable pressure on New Delhi to curb its purchases of Russian oil. According to data from Kpler, Reliance Industries was India’s largest buyer of Russian oil last year, importing nearly 600,000 barrels per day.