Yuga Labs to Launch Bitcoin NFTs, Robinhood Releases Self-custody Wallet

Equities are relatively flat today after posting losses for February, with the S&P and Nasdaq losing 2.61% and 1.11% for the month, respectively. Investors are assessing mixed signals, with China posting a surprisingly strong PMI of 52.6 overnight, a high not seen since April 2012. This is coupled with recent hawkish comments from Fed officials. Yesterday, Minneapolis Fed President Neel Kashkari stated he was “open to the possibility” of a larger interest rate increase at this month’s policy meeting. Treasury yields continue to climb, with the 10-year currently sitting at 4.01%, and the six-month T-bill passing 5% for the first time since 2007. BTC is outperforming equities, gaining 2.49% over the last day, while ETH climbed 3.15%. China-based CFX is the largest gainer among the top 100 over the previous day, rising 16.8%. Conflux claims to be the only “regulatory compliant, public, permissionless blockchain in China.” China has recently shown an interest in relaxing the crypto regulatory regime, leading investors to seek exposure to China-based protocols.