According to The Kobeissi Letter, China mined approximately 270,000 metric tonnes of rare earths in 2024, representing 69% of global output and tripling its production since 2014 per US Geological Survey data. This dominant supply position strengthens China's influence over critical minerals used in semiconductors and electric vehicle batteries, directly impacting technology stocks and crypto mining operations reliant on advanced hardware. Traders should monitor rare earth market trends, as supply constraints or policy changes from China could affect the broader cryptocurrency sector and related equities (Source: The Kobeissi Letter, USGS).

According to @EleanorTerrett, Coinbase CEO Brian Armstrong announced at a press briefing following the White House Crypto Summit that Coinbase plans to hire 1,000 people in the U.S. this year. This expansion is directly attributed to the recent regulatory clarity in the cryptocurrency sector, indicating a positive outlook for the industry's growth and Coinbase's role in it.