Bitcoin’s market capitalization has dropped to around 1.66% of the global money supply, from a peak of 1.7%, according to River, a financial services company. The company compared Bitcoin’s $2.4 trillion market cap to a $112.9 trillion basket of fiat currencies and $25.1 trillion in hard money. As central banks inflate their fiat currencies through … Read more
Federal Reserve Chair Jerome Powell hinted at a September interest rate cut in his final address at the Jackson Hole economic symposium, despite mounting job-market risks and lingering inflation worries. The market expects a rate cut ahead of Powell’s speech, with 80% probability assigned to a quarter-point interest rate cut in September. This has led … Read more
US Defence Secretary Pete Hegseth has removed Lt Gen Jeffery Kruse as head of the US Defence Intelligence Agency (DIA), just weeks after a White House rebuke over a review assessing the impact of American strikes on Iran. The move comes days after President Donald Trump accused the DIA’s report of being “flat out wrong”. … Read more
In the sweltering heat of the Galapagos Islands, a group of disenchanted Europeans fled their societal norms and decamped on a deserted rock in the 1930s. What followed was a descent into chaos as they built a utopia that devolved into petty power struggles and murder. Ron Howard’s new film “Eden” brings to life this … Read more
A recent incident at the border of the two countries has escalated tensions between North and South Korea. According to a North Korean military statement, South Korean soldiers fired over 10 warning shots with a machine gun at North Korean soldiers building a barrier. The incident adds to ongoing concerns about joint US-South Korean military … Read more
The US government has agreed to invest $8.9 billion in struggling chipmaker Intel, according to an official statement from the company. The investment is composed of previously awarded funds under the Biden administration’s CHIPS Act and Secure Enclave program. Intel stated that the government is making good on “grants previously awarded, but not yet paid” … Read more
Google’s AI project Gemini has sparked interest among tech giants, with a recent report suggesting that Apple may be considering using the technology. The news comes as Alphabet Inc.’s stock price jumped significantly. According to reports, Apple is exploring the possibility of integrating Gemini into its own AI systems. This potential move would mark a … Read more
The Thursday Murder Club follows the lives of four retirees as they solve cold cases in their spare time. Helen Mirren stars as Elizabeth, a no-nonsense retiree who leads the group. After the death of one of their owners, the amateur sleuths embark on a new case that ties into their past, using their age … Read more
The Detroit Lions’ third straight preseason game with a touchdown for rookie wide receiver Isaac TeSlaa, who grabbed a 33-yard score from quarterback Kyle Allen in the first quarter. The winless Texans outscored the Lions 26-7. Allen had an impressive outing, going 5-for-5 passing for 66 yards and a touchdown, as he finished training camp … Read more
An Irish folk band, The Mary Wallopers, were cut off during a performance at a music festival in Portsmouth, England on Friday, sparking controversy over display of a Palestinian flag. The band claimed they had been unfairly silenced after their six-year-long tradition of displaying the flag during sets was disrupted by event management. However, the … Read more