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Major coins traded mixed on Thursday late evening, as the market capitalization declined by 0.20% in the last 24 hours to $1.10 trillion, recorded at 8:30 p.m. EST. Cryptocurrency Gains (+/-) Price Bitcoin -0.48% $24,049 Ethereum +0.97% $1,657 Dogecoin -0.90% $0.084

What Happened: Apex crypto Bitcoin BTC/USD was trading below $25,000 as investors continued to assess the Fed's ongoing dialogue surrounding monetary policy and examine jobs data.

Ethereum ETH/USD was trading up nearly 1% but below$1,700. Dogecoin DOGE/USD was trading at $0.084, down 0.90% in the last 24 hours.

U.S. equities surged on Thursday, as investors showed support for the Federal Reserve's rate hikes despite volatile trading. The S&P 500 rose 0.53% to end the day at 4,012.32, bouncing back from its four-day losing streak. The Nasdaq Composite gained 0.72%, ending the session at 11,590.40.

The U.S. Labor Department reported that initial jobless claims for the week ending Feb. 18 fell by 3,000 to 192,000, which is below the consensus estimate of 200,000. This strong jobs data has been a challenge for the Federal Reserve, as it looks to reduce inflation from 6.4% to its target rate of 2%.

See More: Best Crypto Day Trading Strategies

Top News: Cathie Wood's Ark Invest has just added over 213,000 Coinbase COIN shares worth about $13 million to its ARK Innovation (ARKK) and Next Generation (ARKW) exchange-traded funds.

Coinbase on Thursday launched Base, a layer 2 network built using Optimism's OP Stack. The testnet of Base has already been started by the crypto exchange.

Spotify is taking its first foray into the world of Web3 with a new pilot involving "token-enabled playlists." With this pioneering program, non-fungible token holders can now connect their wallets and enjoy curated music from around the world.

Analyst Notes: While Wall Street gyrates over Fed rate hike expectation shifts, Bitcoin wavers around the $24,000 area. The next several months will be key for finding out the rest of the world embraces cryptos, said Edward Moya, senior analyst at OANA, in a note seen by Benzinga.

The IMF released a statement on elements of effective policies for crypto assets. No big surprises came from this 1,131-word paper, but it did outline what they are focusing on; protecting fiat currencies, excessive capital flow volatility, oversight, joint monitoring across regions, and financial stability protections, Moya noted.

Bitcoin appears stuck in a range right now and that might only change if we see risk aversion run wild on Wall Street, he added.

Crypto analyst Michal van de Poppe said that Bitcoin dropped towards the lower part of the $23,300 resistance area. There has been a significant bounce from this area, indicating that further consolidation may be necessary before the continuation toward the $30,000 mark.

We dropped towards the lower part of the area and previous resistance around $23.3K.

Significant bounce from that area for #Bitcoin, probably some more consolidation and from there continuation towards $30K. pic.twitter.com/prmQFXB5oY Michal van de Poppe (@CryptoMichNL) February 23, 2023

Santiment's data suggests the amount of Bitcoin held by big players (the so-called Shark and Whale addresses) are staying steady in the $23,000-$25,000 range. However, the data also shows that the number of Bitcoin addresses with balances between 1,000 and 10,000 have been increasing in the past 3 months, along with the 10-100 range and 100-1000 range.

The amount of shark & whale #Bitcoin addresses are staying flat as the $23k to $25k price range continues. If the 1K-10K $BTC addresses begin to rise the way the 10-100 and 100-1K $BTC addresses have in the past 3 months, it would be a breakout sign. https://t.co/xs7D99BzQ1 pic.twitter.com/P7HwCGeMoT Santiment (@santimentfeed) February 23, 2023

Analyst Kaelo said BTC Chart looks primed for the next leg up "sooner than you think."

#Bitcoin / $BTC

Chart looks primed for the next leg up sooner than you think. pic.twitter.com/23kc3TtqfB K A L E O (@CryptoKaleo) February 24, 2023

Read Next: Liquidators Of Bankrupt Hedge Fund Three Arrows Capital To Sell Non-Fungible Tokens To Recoup Losses

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Ukrainian frontline commander warns: ‘The world is scared of Russia and losing is not only our problem’

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Ukrainian frontline commander warns: 'The world is scared of Russia and losing is not only our problem'

In the courtyard of a farmhouse now home to soldiers of the Ukrainian army’s 47th mechanised brigade, I’m introduced to a weary-looking unit by their commander Captain Oleksandr “Sasha” Shyrshyn.

We are about 10km from the border with Russia, and beyond it lies the Kursk region Ukraine invaded in the summer – and where this battalion is now fighting.

The 47th is a crack fighting assault unit.

They’ve been brought to this area from the fierce battles in the country’s eastern Donbas region to bolster Ukrainian forces already here.

War latest: Russia ready to carry out ‘massive attack’

The captain known by his men as 'Genius'
Image:
The captain known by his men as ‘Genius’

In the summer, Ukraine launched an incursion into Russian territory, in Kursk
Image:
In the summer, Ukraine launched an incursion into Russian territory, in Kursk

Captain Shyrshyn explains that among the many shortages the military has to deal with, the lack of infantry is becoming a critical problem.

Sasha is just 30 years old, but he is worldly-wise. He used to run an organisation helping children in the country’s east before donning his uniform and going to war.

He is famous in Ukraine and is regarded as one of the country’s top field commanders, who isn’t afraid to express his views on the war and how it’s being waged.

His nom de guerre is ‘Genius’, a nickname given to him by his men.

Captain Sasha Shyrshyn and Sky News chief correspondent Stuart Ramsay
Image:
Captain Sasha Shyrshyn and Sky News chief correspondent Stuart Ramsay

‘Don’t worry, it’s not a minefield’

Sasha invited me to see one of the American Bradley fighting vehicles his unit uses.

We walk down a muddy lane before he says it’s best to go cross-country.

“We can go that way, don’t worry it’s not a minefield,” he jokes.

He leads us across a muddy field and into a forest where the vehicle is hidden from Russian surveillance drones that try to hunt both American vehicles and commanders.

Sasha shows me a picture of the house they had been staying in only days before – it was now completely destroyed after a missile strike.

Fortunately, neither he, nor any of his men, were there at the time.

“They target commanders,” he says with a smirk.

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‘The world is scared of Russia’

It takes me a moment or two to realise we are only a few steps away from the Bradley, dug in and well hidden beneath the trees.

The disguised American Bradley vehicle hidden in the forest
Image:
The disguised American Bradley vehicle hidden in the forest

Sasha tells me the Bradley is the finest vehicle he has ever used.

A vehicle so good, he says, it’s keeping the Ukrainian army going in the face of Russia’s overwhelming numbers of soldiers.

He explains: “Almost all our work on the battlefield is cooperation infantry with the Bradley. So we use it for evacuations, for moving people from one place to another, as well as for fire-covering.

“This vehicle is very safe and has very good characteristics.”

The American Bradley fighting vehicle that Ukrainian soldiers have found vital in their efforts
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The American Bradley fighting vehicle that Ukrainian soldiers have found vital in their efforts

Billions of dollars in military aid has been given to Ukraine by the United States, and this vehicle is one of the most valuable assets the US has provided.

Ukraine is running low on men to fight, and the weaponry it has is not enough, especially if it can’t fire long-range missiles into Russia itself – which it is currently not allowed to do.

If President-elect Donald Trump cuts the supply of military aid, the Ukrainians will lose – it’s that simple.

U.S. President-elect Donald Trump gestures as he meets with House Republicans on Capitol Hill in Washington, U.S., November 13, 2024. REUTERS/Brian Snyder
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US President-elect Donald Trump has been clear he intends to change his nation’s policy on the war in Ukraine. Pic: Reuters

Sasha says: “We have a lack of weapons, we have a lack of artillery, we have a lack of infantry, and as the world doesn’t care about justice, and they don’t want to finish the war by our win, they are afraid of Russia.

“I’m sorry but they’re scared, they’re scared, and it’s not the right way.”

Like pretty much everyone in Ukraine, Sasha is waiting to see what the US election result will mean for his country.

He is sceptical about a deal with Russia.

“Our enemy only understands the language of power. And you cannot finish the war in 24 hours, or during the year without hard decisions, without a fight, so it’s impossible. It’s just talking without results,” he tells me.

Read more from Stuart Ramsay:
How Ukrainian units are downing Russia’s drones
Heartbreaking final moments of girl who tried to flee Gaza
Inside a brutal and deadly Mexican gang war

‘Losing will be not only our problem’

These men expect the fierce battles inside Kursk to intensify in the coming days.

Indeed, alongside the main supply route into Kursk, workers are already building new defensive positions – unfurling miles of razor wire and digging bunkers for the Ukrainian army if it finds itself in retreat.

Barbed wire rolled out in the Sumy region ahead of expected fighting
Image:
Barbed wire rolled out in the Sumy region ahead of expected fighting

Tank traps in the Sumy region
Image:
Tank traps in the Sumy region

Sasha and his men are realistic about support fatigue from the outside world but will keep fighting to the last if they have to.

“I understand this is only our problem, it’s only our issue, and we have to fight this battle, like we have to defend ourselves, it’s our responsibility,” Sasha said.

But he points out everyone should realise just how critical this moment in time is.

“If we look at it widely, we have to understand that us losing will be not only our problem, but it will be for all the world.”

Stuart Ramsay reports from northeastern Ukraine with camera operator Toby Nash, and producers Dominique Van Heerden, Azad Safarov, and Nick Davenport.

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Spain flooding: New weather warnings issued – as country counts flooding cost

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Spain flooding: New weather warnings issued - as country counts flooding cost

A weather warning has been issued for parts of Spain, as the country counts the cost of recent flooding.

The orange warnings are in place for parts of southwestern Spain – the area around Seville down towards Gibraltar.

Up to 8cm (3ins) of rain could fall within 12 hours, but the weekend looks much more settled in the country.

The latest warnings come just two weeks after flash flooding in Valencia and other parts of the country killed more than 200 people.

Malaga saw 14.2cm (5.6ins) of rainfall on Wednesday – Spain’s highest of the day – most of which fell in six hours.

All train services were halted in Malaga. Some flights have now resumed after the initial disruption.

Floods in central Malaga, Spain. Pic: Jamie Marchant
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Pic: Jamie Marchant

Emergency services in the province have moved 3,000 people from homes at risk of flooding close to the Guadalhorce River in the west of the city.

Jamie Marchant, 29, from Caerphilly in South Wales travelled to Malaga last Wednesday.

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He told Sky News that “debris” had been left behind by the recent rainfall in the region.

“Everyone is pitching in to clean up and some shops are opening as usual,” he added.

Orange warnings for the Valencia region in eastern Spain expired earlier on Thursday.

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The adverse weather could lead to total insured losses of more than €4bn (£3.33bn), according to credit rating agency Morningstar DBRS.

Much of the claims are expected to be covered by the Spanish government’s insurance pool, the agency said, but insurance premiums are likely to increase.

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Man suspected of supplying small boats for Channel migrant crossings arrested at Amsterdam airport

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Man suspected of supplying small boats for Channel migrant crossings arrested at Amsterdam airport

A man accused of being a major supplier of the boats and engines used by cross-Channel people smugglers to bring migrants to the UK has been arrested.

The Turkish national, 44, was held at Amsterdam’s Schiphol Airport on Wednesday and faces extradition to Belgium to face human smuggling charges, the National Crime Agency (NCA) said.

He is suspected of supplying the engines and boats used by traffickers to bring migrants across the Channel.

The equipment was shipped from Turkey and stored in Germany before being brought to northern France when needed.

NCA director general Rob Jones hailed the arrest as an “important milestone” in one of its most “significant investigations into organised immigration crime”.

“We suspect that this individual is a major supplier of boats and engines to the smugglers operating in Belgium and northern France,” he said.

“The types of vessels and engines we see used in making these crossings are highly dangerous and completely unfit for open water.

“At least 50 people are known to have died this year as a result. There is no legitimate use for them.”

More than 32,000 migrants have arrived in the UK so far this year after crossing the Channel.

Prime Minister Sir Keir Starmer described the arrest as a “significant piece of the jigsaw” in tackling Channel crossings, but added: “I’m not pretending it’s the silver bullet.”

He vowed the government would “treat people smugglers like terrorists” as he announced an extra £75m for his border security command during a speech at the Interpol general assembly in Glasgow last week.

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Home Secretary Yvette Cooper said: “We will relentlessly pursue the criminal smuggling gangs making millions out of small boat crossings that undermine our border security and put lives at risk.

“This major investigation shows how important it is for our crime fighting agencies to be working hand in glove with our international partners to get results.”

Read more from Sky News:
Call for dog-free areas in Wales to tackle racism
Baby red panda scared to death by fireworks

The NCA said it is leading around 70 ongoing investigations into networks or people “in the top tier” of organised immigration crime or people trafficking and stressed the importance of working with its counterparts in Europe.

A spokesperson for the public prosecutor’s office of West Flanders said: “International cooperation is crucial in the fight against human smuggling, and the arrest of this suspect through close cooperation with our UK and Dutch partners demonstrates our ongoing commitment to partnership working.

“Human smuggling criminals do not respect national borders, and we will relentlessly pursue these criminals through working internationally.”

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