Hala,

Julia's 28 but celebrates like she's in second grade, only 7 birthdays under her belt, thanks to being born on February 29th! 🎂👑 Imagine the ID checks, "Sorry, ma'am, this says you're technically 7?" Leap year life: confusing bouncers since 1996! 🤷‍♀️🎉

📉 US stocks declined on Wednesday as investors await key inflation report due Thursday. The Dow slid 0.06% to 38,949.02, the S&P 500 shed 0.17% to 5,069.76, and the Nasdaq 100 slipped 0.54% to 17,874.50. It’s akin to holding one’s breath and sighing once the report’s out. 😮‍💨

📊 Meanwhile, Mideast stocks ended mixed also for the same reason. Abu Dhabi dipped 0.1% to 9,283, and Dubai added 0.4% to 4,290. 📈

🌊🚀 Bitcoin's Tidal Surge! 

In the vast ocean of finance, a colossal wave has risen – it's Bitcoin, riding the high tide of demand! Like the moon's pull on the sea, the surge of interest in Bitcoin ETFs and the halving event's anticipation have propelled the cryptocurrency's value sky-high. The digital currency's voyage soared past the $60,000 mark, cresting waves of investor enthusiasm and market momentum. 🌙💰

📈🎢 Key Market Movements:

• Value Surge: A towering wave of a 40% increase this year.

• ETF Influx: High tide of nearly $7 billion in new ETF inflows.

• Halving Hype: The upcoming halving event adding buoyancy.

🏦🛥️ The Currency's Voyage:

As traders navigate through the choppy waters of global markets, Bitcoin has been outshining traditional assets in recent weeks. The ETF-driven inflows have stirred a current strong enough to squeeze the supply, sending ripples through the markets. With the halving horizon in view, the winds of change are blowing, suggesting even more room for the crypto cruise to ascend? 📊🌐

In the neighborhood 

• 🏢 Almohafaza For Education Company is making waves, revealing its plans to list 1.60 million shares or 20% of its shared capital. The price for its offering on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) was set at SAR 14 to SAR 18 per share. 💸

• 💰 TAQA Arabia revealed a 3% YoY increase in consolidated net profit to EGP 557.20 million in 2023 from EGP 538.60 million. Revenues also surged 26% YoY to EGP 13.46 billion in 2023 from EGP 10.72 billion. Talk about brewing success! 🎉

• 🏘️ A key index showed that Dubai's apartment prices hit their highest annual growth in a decade! January 2024 saw 22 transactions of ready properties priced over AED 30 million, with Emaar, Damac, and Nakheel leading the pack! 🤑

What else is trending

• 🍎 Apple CEO Tim Cook revealed that the company is heavily investing in AI, signaling a major shift towards embracing the AI craze. Then, are we going to see “AI-powered” products, too? Maybe better than Vision Pro? 😎

• 📱 Aside from Bitcoin making news, Coinbase also surprised the crypto space when its app malfunctioned and showed users ‘$0 balance’! It was resolved immediately. Phew! 😅

• ⛽ Meanwhile, oil prices ended mixed as the Fed maintained its stance on interest rates. Brent added 0.04% to $83.68 a barrel, while WTI eased 0.42% at $78.54. 🛢️

💭 Quote of the day

“We are starting to see a pretty clear FOMO kind of rally.” 😱 - Zaheer Ebtikar, Founder of Crypto Fund Split Capital.

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