Bitcoin looks poised for an extended rally to $138,000 according to market cycle history and the current weekly trend. Key takeaways: Bitcoin closed its highest weekly candle at $119,310, then rallied on to $123,100. Short-term holder NAV premium at 16% signals moderate interest, well below FOMO levels. Read more
Washington: The X account of Sesame Street’s Elmo, a beloved children’s TV character, shared antisemitic and anti-Donald Trump posts after being hacked on Sunday. A slew of messages calling for the extermination of Jewish people and labeling the US president a “puppet” of Israeli Prime Minister Benjamin Netanyahu were shared on the account. Around 650,000 […]
Kazakhstan’s central bank is drawing on lessons from Norway, the US and Middle East in developing its crypto strategy. Kazakhstan’s sovereign wealth fund has reportedly identified cryptocurrencies as a viable asset class for inclusion in the country’s national reserves, with the central bank drawing lessons from allocation strategies used in Norway, the United States and the Middle East. According to Kursiv, a local media outlet registered with Kazakhstan’s Ministry of Information, the country plans to invest a portion of its gold and foreign exchange reserves — as well as assets held by its sovereign wealth fund — into crypto-related instruments. Kursiv cited Timur Suleimenov, head of the National Bank of Kazakhstan, who said at a press conference that the central bank is exploring “aggressive strategies to [generate] higher investment income,” which “does not exclude” allocating part of its holdings to crypto-related funds. Read more
LAHORE: Acclaimed actor Nausheen Shah shared her battle with depression, describing it as the darkest and most challenging period of her life. In a deeply emotional interview on a private television show, Nausheen revealed that she stepped away from the spotlight for nearly two years, during which she silently endured a severe health crisis. “I […]