Author: MNK News
The Federal Reserve has officially brought its multi-year quantitative tightening program to a close, freezing its balance sheet at about $6.57 trillion after draining more than $2.3 trillion from the system since 2022. The Federal Reserve’s decision to formally end quantitative tightening has created a sense of anticipation across the crypto market. Liquidity inflows have shaped every major crypto cycle, and removing the multi-year drain on liquidity is expected to set the stage for healthier crypto market conditions and see the Bitcoin price push above $100,000 in the coming days. Policy Shift Meets A Market Still Searching For Direction The…
According to a new report, Microsoft has spent three decades building deep ties with China’s government and security apparatus while simultaneously embedding itself into nearly every corner of American federal infrastructure. For decades, Americans viewed Microsoft as a pillar of national technology infrastructure. Its systems power everything from federal email to Pentagon cloud networks. A new report from Horizon, a geopolitical analysis firm, paints a different picture. The report, titled: “Microsoft in China: An Enduring Risk Profile and the National Security Implications,” reveals the story of a tech giant that spent thirty years cultivating deep ties with the Chinese Communist…
The developer of Cozy Grove and Alphabear is leaving Netflix. Spry Fox is being sold back to its original founders, Game File reports, and will continue to work on its upcoming “cooperative village life sim” Spirit Crossing as an independent company. Unlike other shuttered Netflix games studios Team Blue and Boss Fight Entertainment, Netflix will remain involved with the studio as Spirit Crossing’s publisher on mobile.As part of the arrangement, Spry Fox founders David Edery and Daniel Cook will be able to shop Spirit Crossing to other publishers for console and PC releases of the game. While reverting to being…
More than 1,000 Amazon employees have reportedly signed an open letter addressed to CEO Andy Jassy and the company’s senior leadership team, expressing grave concerns about the tech giant’s aggressive rollout of AI and its potential consequences. Fortune reports that the open letter has garnered signatures from a diverse range of Amazon employees, including everything from Whole Foods cashiers and IT support technicians. While the signees represent a tiny fraction of Amazon’s 1.53 million-strong workforce, their message is clear: they believe the company’s rapid AI development could have severe repercussions for democracy, jobs, and the environment. The letter is hosted…
India will no longer require smartphone makers to preinstall the Sanchar Saathi “security” app. After blowback from Apple, Samsung and opposition leaders, the Modi government issued a statement saying it “has decided not to make the pre-installation mandatory for mobile manufacturers.” The app is still available as a voluntary download.India’s Ministry of Communications framed the U-turn as a result of strong voluntary adoption. The nation said 14 million users (around 1 percent of the nation’s population) have downloaded the app. “The number of users has been increasing rapidly, and the mandate to install the app was meant to accelerate this…
Sui (SUI) is drawing renewed market attention after staging one of its strongest breakouts in months, rising sharply at a time when most large-cap altcoins remain range-bound. Related Reading The latest 31% surge was triggered by a series of developments that converged within days, most notably Coinbase’s approval to offer SUI trading to New York residents, a move that places the token inside one of the most heavily regulated crypto markets in the U.S. The rally also arrived immediately after one of the largest token unlocks of the month, an event that would normally dampen prices but instead saw buyers…
Ethereum has reclaimed the $3,000 level after a strong market reaction to improving macro conditions, offering investors a much-needed shift in momentum. The move comes just days after the Federal Reserve officially ended Quantitative Tightening (QT), a policy shift that immediately boosted liquidity expectations across all risk assets. With markets now pricing in an imminent interest rate cut, confidence has begun to return, and ETH is one of the first major assets to respond. Related Reading This rebound reflects more than just macro relief. According to data from Arkham, shared by Lookonchain, Bitmine continues to accumulate Ethereum at current prices,…
WASHINGTON (AP) — The Pentagon’s watchdog found that Defense Secretary Pete Hegseth put U.S. personnel and their mission at risk when he used the Signal messaging app to convey sensitive information about a military strike against Houthi militants in Yemen, two people familiar with the findings said Wednesday.Hegseth, however, has the ability to declassify material and the report did not find he did so improperly, according to one of the people familiar with the report’s findings who spoke on condition of anonymity to discuss the information. CNN first reported the initial findings.The review by the Pentagon inspector general’s office was…
Leading UK psychologists have expressed alarm over the dangerous and unhelpful advice ChatGPT-5, the latest version of OpenAI’s AI chatbot, is offering to individuals suffering from mental illness. The Guardian reports that a collaborative research effort by King’s College London (KCL) and the Association of Clinical Psychologists UK (ACP), has revealed that ChatGPT-5 is struggling to identify risky behavior and challenge delusional beliefs when interacting with mentally ill users. The findings have raised serious concerns among mental health professionals about the potential harm the AI chatbot could cause to vulnerable individuals. During the study, a psychiatrist and a clinical psychologist engaged with…
The 2025 Garmin Connect Data Report reveals this year’s fastest-growing fitness modalities — and it’s not running This year, racket sports dominated, while Pilates, HIIT and strength training also stayed strong, according to the latest end-of-year report from wearable giant Garmin. Its 2025 Garmin Connect Data Report provides insights into how the brand’s users engaged in fitness over the past year, while revealing trends across the industry and key clues into how certain demographics are working out. Leading year-over-year growth in participation by far was racket sports, which can include anything from pickleball and badminton to padel and racquetball, growing…