Author: News Room

Key takeaways:Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000.Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold.Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies.US 5-year Treasury yield (left) vs. Bitcoin/USD. Source: TradingViewThe US 5-year Treasury yield jumped to 4.22%, meaning traders demanded higher returns to hold government bonds. Even as…

The sweet trailer for Netflix’s upcoming Willy Wonka reality show has been soured by outrage over an AI-generated voice of late Willy Wonka & the Chocolate Factory star Gene Wilder. Netflix took to Instagram on Tuesday, June 30, to share a look at Wonka’s The Golden Ticket, its new reality competition series inspired by the classic 1971 film starring Wilder as titular chocolatier Willy Wonka. (The film itself was based on Roald Dahl’s 1964 novel Charlie and the Chocolate Factory.) “Step into a world of pure imagination when the gates of the Chocolate Factory reopen this Fall,” the caption read…

The management of Akwa Ibom State College of Education, Afaha Nsit, has banned all forms of “sign-out” celebrations, warning that students who violate the directive risk being denied graduation clearance and will be treated as criminals. The decision, announced in a memo dated 29 June and signed by the college Registrar, Emediong Williams, follows a motion in the Akwa Ibom State House of Assembly urging educational institutions across the state to stop unruly and unregulated sign-out activities. College cites assembly resolution Addressed to all students and members of the college community, the memo stated that the institution was acting in accordance…

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of paying insured deposits to customers of the 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria (CBN). In a statement issued on Wednesday by the Head of Communication and Public Affairs Department, Hawwau Gambo, the corporation said it had been appointed the official liquidator of the failed banks following the CBN’s revocation of their licences, which took effect on 1 July. The NDIC said its appointment was in line with the provisions of the Banks and Other Financial Institutions Act (BOFIA) 2020 and the…

About 332 members of the All Progressives Congress drawn from wards across Osun State on Wednesday received N200,000 each from the party’s National Secretary, Senator Ajibola Basiru, as business grants. The beneficiaries were presented with the money at a programme held in Osogbo, Osun State, and attended by APC leaders, including its governorship candidate, Bola Oyebamiji. Speaking during the event, Basiru explained that the initiative was executed through his political organisation, the Alubarika Movement, which he described as a mobilisation arm of the APC. The APC National Secretary also said the intention was to ensure victory for the party in…

Stock and cryptocurrency trading platform Robinhood announced the launch of its public mainnet about four months after it began testing the network.On Wednesday, the company said Robinhood Chain, a layer 2 (L2) blockchain built on Arbitrum, had officially launched after the network went live on testnet in February. The blockchain, which the company described as “AI-native and purpose-built for real-world assets,” comes amid Robinhood’s expansion of crypto- and decentralized finance-related services.According to Robinhood, it plans to launch crypto trading in the UK soon. The company also said that its tokenized stock products were live and available through its wallet app…

Despite their ups and downs, The Real Housewives of Orange County star Gina Kirschenheiter’s ex-husband, Matt Kirschenheiter, will definitely score an invite to her upcoming wedding to Travis Mullen. “When we get married, Matt and Britt will 100 percent be at our wedding because they are family, that is truly why,” Gina, 42, exclusively told Us Weekly at the RHOC season 20 premiere party on Tuesday, June 30, in Los Angeles, referring to her former spouse and his new partner. “They’re so excited for us.” Gina, who was married to Matt from 2010 to 2019, announced in January that Mullen…

Residents across four local government areas in Akwa Ibom State have demanded urgent government action on failing infrastructure, poor healthcare, unreliable electricity, youth unemployment and weak public services. The residents made the demands during a series of town hall meetings aimed at strengthening accountability and citizen participation in local government governance. The meetings, organised by Policy Alert in partnership with the councils of Ikono, Ibesikpo Asutan, Etinan and Ikot Ekpene local government areas between 29 May and 12 June, brought together 240 participants, including community leaders, women, youths, persons with disabilities, traditional rulers, civil society groups and government officials. The engagements, held under the…

The Federal Capital Territory Police Command has secured the conviction and death sentence of Jonathan Marcus, a former driver to an elderly couple, for the murder of his former employers, Mr Adebola Ezekiel, 80, and his wife, Mrs Abiodun Ezekiel, at their residence in Apo Legislative Quarters, Abuja. The command disclosed this in a statement on Wednesday by its spokesperson, Josephine Adeh. According to the police, Marcus was convicted by the FCT High Court after the prosecution proved beyond reasonable doubt that he murdered the couple on April 1, 2024. Adeh said the incident occurred at the victims’ residence in…

The device was “slimmer than an iPhone,” and they were told it would run on a Qualcomm Snapdragon chip, according to the WSJ. It would also reportedly use its own AI-enabled operating system with features powered by the SpaceX-owned xAI.Last week, the Financial Times reported that SpaceX chief operating officer Gwynne Shotwell told investors that the company is considering launching a mobile service in the US that would connect to its Starlink satellite network. Meanwhile, some analysts speculate SpaceX could acquire T-Mobile. Starlink is currently SpaceX’s only profitable business.Musk has brushed off the idea of creating a phone in the…