Earnings reports are still rolling in. This week Riot Platforms, the fourth-largest bitcoin miner by market cap, is due to report, as is Core Scientific, the No. 6.
Like many of their peers, the two are using their experience running large data centers and negotiating power-supply deals to expand into AI. Core, whose proposed $9 billion purchase by CoreWeave (CRWV) failed in October, barely mentions digital asset mining on its homepage. It will be interesting to see how much of its business still comes from that source.
Also due this week is the U.S. jobs report for February. The world’s largest economy is forecast to have added 60,000 nonfarm positions last month, according to the consensus estimate on Trading Economics.
Traders will also be monitoring the war in the Middle East, which has seen the U.S. and Israel strike Iran in what President Donald Trump called “major combat operations” targeting the country’s missile, naval and nuclear infrastructure.
Iran has retaliated with attacks on various countries in the region that host U.S. military bases. The conflict has been escalating with Iran-backed militias joining in. Trump has said it’s expected to last “four to five weeks,” so an earlier-than-expected truce could bring risk appetite back.
What to Watch
(All times ET)
- Crypto
- March 2: SuperRare to release Delirium, a new collection by artist Xer0x
- March 2: Mantra’s OM token to change to MANTRA with a 1:4 coin split as the Mantra chain upgrades from v6 to v7.
- March 3: SolCex mobile app to debut on Google Play and Apple’s App Store.
- March 4: Qubic begins testing parallel dogecoin mining and AI training
- Macro
- March 2, 10:00 a.m.: U.S. ISM manufacturing PMI for February est. 52.3 (Prev. 52.6)
- March 3, 5:00 a.m.: Eurozone inflation rate YoY flash for February (Prev. 1.7%); Core YoY (Prev. 2.2%)
- March 3, 7:30 p.m.: Australia GDP growth rate QoQ for Q4 (Prev. 0.4%)
- March 3, 8:30 p.m.: China NBS manufacturing PMI for February (Prev. 49.3)
- March 4, 8:15 a.m.: U.S. ADP employment change for February (Prev. 22K)
- March 4, 10:00 a.m.: U.S. ISM services PMI for February (Prev. 53.8)
- March 4, 2:00 p.m.: U.S. Fed Beige Book
- March 5, 8:30 a.m.: U.S. initial jobless claims for week ending Feb. 28 (Prev. 212K)
- March 5, 8:30 a.m.: U.S. nonfarm productivity QoQ prel for Q4 (Prev. 4.9%)
- March 5, 4:30 p.m.: U.S. Fed balance sheet update for period ending March 4
- March 6, 8:30 a.m.: U.S. nonfarm payrolls for February Est. 60K (Prev. 130K)
- March 6, 8:30 a.m.: U.S. unemployment rate for February (Prev. 4.3%)
- March 6, 8:30 a.m.: U.S. average hourly earnings MoM for February (Prev. 0.4%)
- March 6, 8:30 a.m.: U.S. retail sales control group MoM for January (Prev. 0.0%)
- March 8, 8:30 p.m.: China inflation rate YoY for February (Prev. 0.2%)
- Earnings (Estimates based on FactSet data)
- March 2: Riot Platforms (RIOT), post-market, -$0.32
- March 2: Core Scientific (CORZ), post-market, -$0.18
- March 6: Metalpha (MATH), pre-market
- March 9: Sharplink (SBET), pre-market, $0.31
- March 11: Exodus Movement (EXOD), pre-market, $0.14
Token Events
- Governance votes & calls
- PoolTogether DAO is voting to manually resubmit and execute the remaining actions for the PTBR-35 governance shutdown after a previous execution error. Voting ends March 2.
- Angle DAO is voting on an orderly wind-down of the EURA and USDA stablecoins, providing users a one-year 1:1 redemption period followed by a final settlement airdrop. Voting ends March 2.
- GMX DAO is voting to transition to a defined leadership model by hiring a CEO with performance-tied compensation and forming an interim leadership committee to guide the restructuring. Voting ends March 2.
- ShapeShift DAO is voting to appoint PTT as the Tokenomics Workstream Leader for a six-month term, compensated entirely in FOX tokens to eliminate stablecoin costs. Voting ends March 3.
- Decentraland DAO is voting to explore the automatic execution of approved proposals and soft term limits for signer keys while maintaining emergency oversight. Voting ends March 3.
- Uniswap DAO is voting across two linked proposals to expand v2 and v3 protocol fees to eight layer-2 networks and enable a new tier-based fee system across all v3 pools. Voting ends March 4 and 5.
- ENS DAO is voting to replace three DNSSEC oracle algorithms to patch a critical RSA signature forgery vulnerability and significantly reduce gas costs. Voting ends March 4.
- Gnosis DAO is voting to provide a grant to fund the continued support, infrastructure and maintenance of the Revoke.cash security platform. Voting ends March 5.
- Unlocks
- March 5: Ethena (ENA) to unlock 2.24% of its circulating supply worth $18.35 million.
- March 6: Hyperliquid (HYPE) to unlock 2.72% of its circulating supply worth around $288.77 million.
- Token Launches
- March 8 or earlier: Chiliz (CHZ) to deploy revenue from the protocol to buyback and burn CHZ tokens.
- March 8 or earlier: WhiteBit Token (WBT) to be listed on Kraken.
Conferences
Related: More from Market Analysis | ETF Custody Raises Concerns About Concentrated Risk in Crypto Market | HYPE Surges 5%, JUP Weekly Up on Supply Freeze in Crypto Market
