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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin crosses $31,000, and Galaxy Digital's CIO shares crypto outlook for Q3: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Christopher Ferraro, president and CIO of Galaxy Digital, joins "CNBC Crypto World" to discuss the U.S. regulatory environment and investor sentiment that will shape crypto prices in the second half of 2023.

Persons: explainers, Christopher Ferraro Organizations: Galaxy Digital's, CNBC Crypto, CNBC, Galaxy Digital

☆ A challenging macro backdrop could dampen bitcoin's upside in the third quarter
▼ + stars: | 2023-07-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +10 min

Don't get too carried away though – crypto is still part of the broader market, which remains in a challenging macro environment. Before the recent rush of applications to launch U.S. spot bitcoin ETFs injected new optimism in the crypto market, it was a frustrating second quarter for traders. Between the end of the banking crisis in May and the BlackRock bitcoin ETF filing on June 15, regulatory pressure weighed heavily on sentiment and bitcoin traded sideways. Regulation and ETFs Beyond the macro backdrop, it's clear developments in U.S. regulation and ETF applications will continue to be the main themes in the third quarter. Don't get too carried away though – crypto is still part of the broader market, which remains in a challenging macro environment.

Persons: it's, Christopher Ferraro, Powell, hasn't, Ferraro, Cantor Fitzgerald's Elliot Han, bitcoin, Han, we're, " Ferraro, Dado Ruvic, Ruvic Organizations: BlackRock, Galaxy Digital, CNBC, Federal Reserve, Securities, Exchange, Fidelity, Galaxy, SEC, REUTERS, Reuters Locations: BlackRock, –, U.S, Europe, Hong Kong, London

The 56-year-old officer, nicknamed “General Armageddon” by the Russian media because of his reputation for ruthlessness, has not been seen publicly since early Saturday. Fighters from Mr. Prigozhin’s Wagner mercenary group were on the ground in Syria at the time, and reports indicate that both Wagner and General Surovikin used the civil war for financial gain. Besides leading Russian forces in Syria, General Surovikin was in Chechnya in the early 2000s, according to state news media and his biography on the Russian Defense Ministry’s website. Human Rights Watch said in 2020 that he was among military leaders who might bear “command responsibility” for human rights violations in Syria. He was placed on a European Union sanctions list on Feb. 23, 2022, a day before Russia invaded Ukraine.

Persons: Sergei Surovikin, Yevgeny V, Prigozhin, Surovikin, Bashar al, Assad, Prigozhin’s Wagner, Wagner, General Surovikin, General Surovikin’s, Aleksei Navalny, Russia’s, Valery Gerasimov, Prigozhin’s, ” Samuel Ramani, “, ”, Ramani, Mikhail Gorbachev Organizations: New York Times, Fighters, Islamic State militants, Russian Army, Russian Defense Ministry, Royal United Services Institute, Russian Defense, Human Rights Watch, Jamestown Foundation, Union Locations: Ukraine, Russian, Syria, Russia, Ukrainian, Kherson, British, Rostov, Chechnya, Washington

☆ China is looking all over the world for help building and flying its fighter jets
▼ + stars: | 2023-06-25 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

A British Royal Air Force Eurofighter Typhoon fighter jet at RAF Coningsby in May. Daniel Duggan, a former US Marine Corps pilot, has been accused of violating the Arms Export Control Act by training Chinese military pilots. "Currently, Chinese jet engines can at best achieve one-fourth the life span of Western engines," the report says. To manufacture engines, China still needs to import complex machine tools, including equipment made in Germany, Japan, Italy, and South Korea. A J-20 stealth fighter jet at Airshow China 2022 in Zhuhai in November.

Persons: —, Der Spiegel, Christopher Furlong, Daniel Duggan, Duggan, Chen Jimin, Deng Hua, John Paul Jones, walling, Michael Peck Organizations: Service, Privacy, China, NATO, Taiwan, British Royal Air Force Eurofighter, Coningsby, US, Chinese headhunters, US Marine Corps, Western, China News Service, Getty, Center for Strategic, International Studies, CSIS, Nations, Soviets, Defense, Foreign Policy, Twitter, LinkedIn Locations: China, May, Australian, Zhuhai, US, Germany, Japan, Italy, South Korea, Xinhua, Constantinople, Byzantine Empire, Hungarian, Russia, Russian, Nazi, Forbes

☆ Germany Adopts a More Muscular Security Plan. Critics Call It ‘Weak.’
▼ + stars: | 2023-06-14 | by ( Steven Erlanger | Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Haunted by its responsibility for World War II and Nazi tyranny, Germany embraced the pursuit of peace with the fervor of a convert. But on Wednesday, its government took an important step toward shedding that legacy as war once again transforms the European continent. For the first time since the world war ended, the government unveiled a comprehensive national security strategy meant to confront Germany’s vulnerability to new military, economic and geopolitical threats, including climate change. With the war in Ukraine in its 16th month, Chancellor Olaf Scholz touted the security plan as “a big, big change in the way we deal with security issues.” The goal, he said, is to combine foreign, domestic and economic priorities, and to increase spending on the military. The strategy was announced as a key part of the coalition agreement of the government when it took office in December 2021‌.

Persons: Olaf Scholz, Scholz’s Locations: Germany, Ukraine, 2021‌

☆ Arizona, Low on Water, Weighs Taking It From the Sea. In Mexico.
▼ + stars: | 2023-06-10 | by ( Christopher Flavelle | Adriana Zehbrauskas | ) www.nytimes.com time to read: +1 min

Fifty miles south of the U.S. border, at the edge of a city on the Gulf of California, a few acres of dusty shrubs could determine the future of Arizona. The idea of building a desalination plant in Mexico has been discussed in Arizona for years. But now, a $5 billion project proposed by an Israeli company is under serious consideration, an indication of how worries about water shortages are rattling policymakers in Arizona and across the American West. On June 1, the state announced that the Phoenix area, the fastest-growing region in the country, doesn’t have enough groundwater to support all the future housing that has already been approved. Cities and developers that want to build additional projects beyond what has already been allowed would have to find new sources of water.

Locations: U.S, of California, Arizona, Colorado, Mexico, Phoenix

☆ Arizona Limits New Construction in Phoenix Area, Citing Shrinking Water Supply
▼ + stars: | 2023-06-01 | by ( Christopher Flavelle | Jack Healy | ) www.nytimes.com time to read: +1 min

Arizona has determined that there is not enough groundwater for all of the future housing construction that has already been approved in the Phoenix area, and will stop developers from building some new subdivisions, a sign of looming trouble in the West and other places where overuse, drought and climate change are straining water supplies. The decision by state officials marks the beginning of the end to the explosive development that has made the Phoenix metropolitan region the fastest growing in the country. Maricopa County, which includes Phoenix and its suburbs, gets more than half its water supply from groundwater; most of the rest comes from rivers and aqueducts as well as recycled wastewater. In practical terms, groundwater is a finite resource; it can take thousands of years or longer to be replenished. The announcement of a groundwater shortage — what the state calls “unmet demand” for water over the next hundred years — means Arizona would no longer give developers in areas of Maricopa County new permits to construct homes that rely on wells for water.

Persons: “ Locations: Arizona, Phoenix, Maricopa County

The climate crisis is becoming a financial crisis. This month, the largest homeowner insurance company in California, State Farm, announced that it would stop selling coverage to homeowners. That’s not just in wildfire zones, but everywhere in the state. “We’re just now seeing it.”In parts of eastern Kentucky ravaged by storms last summer, the price of flood insurance is set to quadruple. In Louisiana, the top insurance official says the market is in crisis, and is offering millions of dollars in subsidies to try to draw insurers to the state.

Persons: That’s, ”, Roy Wright, “ We’re Organizations: State Farm, . Insurance, Federal Emergency Management Agency, Insurance Institute, Business, Home Locations: California, Kentucky, Louisiana

☆ German Plan Would Ease Path to Citizenship, but Not Without a Fight
▼ + stars: | 2023-05-27 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: 1 min

Young, educated and motivated, José Leonardo Cabrera Barroso is just the kind of immigrant the government says Germany needs. Originally from Venezuela, he settled into Germany, learned the language and got his German medical license. At 34, he is specializing as a trauma surgeon, working at a hospital in the northern port city of Hamburg. It took him a full six years — and because of his expertise, he was allowed to apply for citizenship sooner than the eight years required for most others. “For me, this date was a must,” he said at the champagne reception in Hamburg after his citizenship ceremony in February.

☆ A Breakthrough Deal to Keep the Colorado River From Going Dry, for Now
▼ + stars: | 2023-05-22 | by ( Christopher Flavelle | ) www.nytimes.com time to read: +1 min

California, Arizona and Nevada get their shares of water from Lake Mead, which is formed by the Colorado River at the Hoover Dam and is controlled by the federal government. The Bureau of Reclamation, an agency within the Interior Department, determines how much water each of the three states receives. The other states that depend on the Colorado get water directly from the river and its tributaries. At that point, all seven states that rely on the river — which include Colorado, New Mexico, Utah and Wyoming — could face a deeper reckoning, as its decline is likely to continue. The negotiations over the Colorado were spurred by a crisis: Last summer, the water levels in Lake Mead and Lake Powell, the two largest reservoirs along the river, fell enough that officials feared the hydroelectric turbines they powered might soon cease operating.

☆ German Court Convicts Five Men for Green Vault Jewel Heist
▼ + stars: | 2023-05-16 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

It was a cold, blustery morning in November 2019 when the city of Dresden, in eastern Germany, woke up to a shock. Overnight, robbers had stolen a hundred-million dollar royal jewelry collection from the city’s historic Green Vault, a set of basement suites in a castle that is now part of a museum. The robbers left the vault floor covered with shards of broken glass and blanketed it with powder to throw forensic investigators off their scent. On Tuesday, in a high-security Dresden courtroom, five men — all from the same notorious Berlin crime family — were convicted and sentenced for their role in the heist and the getaway. The sixth defendant was acquitted because he had an alibi.

☆ Meet El Hemi, the Dodge Challenger That’s Been to Venezuela and Back
▼ + stars: | 2023-05-13 | by ( A.J. Baime | Photographs Devin Christopher For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Juan J. Escalante, 58, an international construction equipment salesman living in Miami, on his 1970 Dodge Hemi Challenger R/T, as told to A.J. In 1969, my father Jose’s best friend moved to Detroit to work for Chrysler. After six months, he called and said to my father, “Why don’t you come up here? So my father sold his 1968 Dodge Dart, quit his job, and we moved as a family to Michigan when I was 4. My father went to school and then got a gig with a Chrysler supplier in Michigan.

☆ Germany Announces Its Biggest Military Aid Package for Ukraine
▼ + stars: | 2023-05-13 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Germany on Saturday announced its largest weapons package yet for Ukraine, promising more tanks, armored vehicles and substantial air defense systems as a widely anticipated Ukrainian counteroffensive looms. The 2.7 billion euro package, or about $2.95 billion, amounts to roughly as much as Germany’s total military aid contribution to Ukraine since the war began and was announced as Ukrainian officials have said they are in the final stages of preparations for a counteroffensive. But Germany’s defense ministry did not specify when the new weapons would be delivered to the battlefield. “We all wish for a speedy end to this terrible war waged by Russia against the Ukrainian people, which is in violation of international law,” Germany’s defense minister, Boris Pistorius, said in a statement on Saturday. Germany’s chancellor, Olaf Scholz, spent months equivocating over a decision to send and allow other countries to export German-made battle tanks that was ultimately made in January, with a package that eventually included 18 Leopard 2A6 tanks.

☆ Digital health faces the same hurdle as fintech: Get profitable or get lost.
▼ + stars: | 2023-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Digital health, once the darling of the healthcare industry, is having a tough go of it. After a pandemic-fueled surge when health services and offerings utilizing tech were prioritized, digital health has come back down to earth. The similarities between digital health and fintech are striking. For both fintechs and digital health, this year has served as a reminder that they're only partly tech companies. Click here for predictions from 16 bankers and dealmakers on the future of digital health.

☆ Stalled Sister City Plan Reveals New German Wariness of China
▼ + stars: | 2023-05-10 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

City officials in the northern German port of Kiel were flattered this year when the Chinese port of Qingdao — about 40 times its size — proposed partnering up as a sister city. The two cities had a history of cooperation dating to when the Germans helped their Chinese counterparts develop a sailing venue for the 2008 Olympics in Beijing. Almost too good, in fact, for security experts, who noted other, less innocent similarities. Kiel, home to about 250,000, hosts much of Germany’s Baltic naval fleet, Germany’s equivalent of the Navy SEALs, military research facilities and big shipbuilders making, among other things, six brand-new, state-of-the-art submarines. Qingdao, a city of more than nine million, is home to China’s North Sea fleet, a marine research academy and China’s main submariners school, which specializes in submarine hunting.

☆ Hollywood's Reynolds and McElhenney found success at Welsh soccer club Wrexham. But there's a warning for would-be copycats
▼ + stars: | 2023-05-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

"There's a big amount of pressure and attention from the press, not to mention scepticism from diehard football fans. WREXHAM, Wales - May 2, 2023: Wrexham AFC fans celebrate during a bus parade following their league title win. One fan has donned the costume of Deadpool, the comic book character played by co-owner Ryan Reynolds. Hollis said they understood that "it would take more than funny Twitter posts and a documentary" to turn around a struggling club like Wrexham. This sort of dedication plays a crucial role in attracting more support from fans," Hollis said.

☆ The Coronation of King Charles: Order of Service
▼ + stars: | 2023-05-06 | by ( ) edition.cnn.com time to read: +46 min

The Archbishop saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? Christopher Finney GC saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? We praise thee, we bless thee,we worship thee, we glorify thee,we give thanks to thee for thy great glory,O Lord God, heavenly King, God the Father Almighty. O clap your hands together, all ye people;O sing unto God with the voice of melody. The King touches the Ring and the Archbishop saysReceive this Ring, symbol of kingly dignity and a sign of the covenant sworn this day, between God and King, King and people.

Just days before the Russian invasion of Ukraine, with Moscow’s forces massing on the border, officials in the medieval town of Lützen, Germany, afforded landmark status to a Soviet-era World War II memorial standing outside a kindergarten in the town center. “Glory to the great Russian people — the nation of victors,” reads an inscription that was repainted by local officials in June on one side of the 10-foot, pyramidal monument. Inscribed on another side in bright red is a quote from Joseph Stalin commemorating 12 Soviet prisoners of war who died at German hands while working at the local sugar factory. A bright red star with gold-colored hammer and sickle adorns the pyramid’s peak. Scattered across Germany, but primarily in what was once the Soviet-dominated German Democratic Republic in the east, are more than 4,000 protected monuments commemorating the sacrifices of Soviet soldiers in the struggle against Nazism.

☆ Stern German Judge Objects to ‘Absurd’ Law Criminalizing Pot
▼ + stars: | 2023-04-22 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Although the judge had steeled himself for a grueling fight, the cannabis case was over in mere minutes. But the district attorney said he planned to try the case under Germany’s youth laws. That gave Judge Andreas Müller an opening. Presiding over the courtroom in the traditional black robe and white tie, he immediately threw out the case, citing a youth court statute that encourages rehabilitation rather than punishment. The defendant, Justin H., whose surname is protected by Germany’s strict privacy laws, was too stunned to react other than to nod.

Coronations at Westminster Abbey go back almost one thousand years. Like Charles III, William had his coronation at Westminster Abbey. Gross says coronation blunders do not become truly significant for monarchs until their reign starts to go wrong. A “beautiful and symbolic” silver cross containing a piece of the so-called True Cross will lead King Charles’ coronation procession in London next month. Meanwhile, gun salutes will sound from military bases and ships at sea to mark the moment Charles is crowned King.

"As counterintuitive as it may sound, this layoff left me in a really good position," the 24-year-old said. U.S. tech giants including Meta, Microsoft (MSFT.O), Twitter and Snap (SNAP.N) have purged more than 150,000 staff, according to Layoff.fyi, which tracks technology job losses. Day One Ventures, an early stage venture fund in San Francisco, launched a new initiative in November to fund startups founded by people who had been laid off from their tech jobs, touting the slogan "Funded, not Fired". Silicon Valley investor U.S. Venture Partners and Austrian VC firm Speedinvest have meanwhile earmarked a similar amount for newly founded companies. Fong told Reuters that experience in Big Tech firm gave founders a "strong brand that can be leveraged to meet investors, potential customers, and recruit team members".

☆ Startups find better access to talent as top tech companies cut jobs, freeze hiring
▼ + stars: | 2022-12-29 | by ( Jennifer Elias | ) www.cnbc.com time to read: +8 min

More than 50,000 tech workers were let go from their jobs in November, according to data collected by the website Layoffs.fyi. “Given the tech layoffs and lower hiring by the big-tech companies, folks are looking for smaller tech companies to join,” said Christopher Fong, founder of Xoogler.co, a network for ex-Google employees. In the absence of the stability that the largest tech companies once offered, workers are looking to startups and midsize companies that offer greater flexibility and, in some case, the opportunity to have a bigger impact. “I tried not to think a lot about tech layoffs when interviewing," Bell said. Lauren Illovsky, talent partner for Alphabet's CapitalG venture firm said “hiring has gotten a little easier" for the group's portfolio companies.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ Nearly 2,000 Christmas Eve flights canceled and more than 10,000 delayed in US as brutal winter storms take toll on several states
▼ + stars: | 2022-12-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Thousands of flight delays and cancellations sweep the US on Saturday, FlightAware reports. The NWS predicts "potentially life-threatening" weather conditions across the US. As a result, nearly 2,000 flights were canceled and 3,000 were delayed in the US as of Saturday morning, according to flight tracking site FlightAware. Passengers waited at airports for hours in the hopes of boarding a flight during extreme weather conditions. On Friday, the US experienced nearly 6,000 flight cancellations and over 11,000 delays due to the winter storms with Seattle, Chicago, Denver, and New York City claiming the most cancellations, FlightAware data shows.

☆ Listen to 'the bloop,' a strange noise recorded in the southern Pacific Ocean that stumped scientists for years
▼ + stars: | 2022-12-20 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +3 min

In 1997, NOAA scientists recorded a haunting, strange sound in the southern Pacific Ocean's depths. These underwater microphones the US Navy originally developed were 2,000 miles apart in the Pacific Ocean. Below, you can listen to the bloop sped up 16 times:Over the years, theories about the mysterious ocean sound's origin abounded. An adult blue whale swimming in the eastern Pacific Ocean. Icequakes occur when glaciers fracture in the ocean, cracking ice.

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