Bitcoin’s institutional demand continues to surge, with spot ETFs attracting nearly double the amount of BTC mined in the same period. The growing imbalance between ETF inflows and miner output raises concerns about market stability. Institutional investors, undeterred by recent price declines, remain committed to Bitcoin as a long-term macroeconomic hedge. This confidence is reflected … Read more
A satellite operated by China’s SpaceView company, GaoJing 1-02/Superview 1-02, broke apart and disintegrated over the southern United States on Saturday night. The object was mistakenly identified as a meteor by the National Weather Service, but officials later confirmed it was a defunct earth-imaging satellite reentering Earth’s atmosphere. The satellite, launched in 2016, was seen … Read more
China plans a record budget deficit of 4% of GDP in 2025, according to sources. This is up from the initial target of 3% for 2024 and marks a more proactive fiscal policy. The decision comes as the country prepares to counter the impact of expected US tariffs on Chinese imports. The additional spending amounts … Read more
Tesla has issued its seventh recall, impacting nearly 700,000 vehicles, including the Cybertruck and Model Y and Model 3 models from 2020-2025 and 2017-2025 respectively. The National Highway Traffic Safety Administration reported that the tire pressure monitoring system warning light may not remain illuminated between drive cycles, failing to warn drivers of low tire pressure. … Read more
The US government has finalized a grant of up to $4.75 billion to South Korean electronics company Samsung Electronics to produce advanced semiconductors domestically. This figure is lower than the previously announced $6.4 billion in April. The grant comes amid reports that Samsung is scaling back its investments in the US, with plans to invest … Read more
Alaska Airlines has launched a new development in its merger with Hawaiian Airlines, introducing reciprocal elite status matches between their loyalty programs. As of September 2024, Alaska Mileage Plan and HawaiianMiles members can now match their elite status with each other. Members who have reached certain levels of elite status on either airline will be … Read more
China’s economic rebound from its Covid years is facing increasing scrutiny as the country prepares for an “appropriately loose” monetary policy next year, its first in 14 years. Beijing aims to boost economic growth to 7% or higher, a goal that could ensure the security of its rule at home and project power abroad. The … Read more
DAZN has acquired Australian broadband company Foxtel Group from majority shareholder Rupert Murdoch’s News Corp, and minority shareholder Telstra, in a deal valued at $2.2 billion. The acquisition is expected to be completed during the second half of fiscal 2025, pending regulatory approval. The deal establishes DAZN as a leader in the Australian sports entertainment … Read more
A server overload error (429) occurs when a request to a server is rejected due to an excessive number of requests within a certain timeframe. This can happen for various reasons, including high traffic, malicious activity, or a large number of concurrent users. When a server receives too many requests, it will often return this … Read more
The NHS has issued a warning to families this Christmas, urging them to look out for symptoms of dementia in loved ones. According to November figures, 499,068 people in England have been diagnosed with the condition, a jump of 19,416 from last year. A timely diagnosis is crucial to ensure patients can access care and … Read more