Author: MNK News

Centralized exchange tokens are doing well as most experienced a strong surge in volume amid the ongoing bull run. Bitget Token (BGB) has emerged as the best-performing CEX token as it jumped to a record high of $3.9672. It has soared by more than 545% from its lowest level this year, giving it a market cap of over $5.2 billion.  Cronos (CRO), which is associated with Crypto.com, rose by over 20% on Dec. 17, valuing it at over $5.1 billion.  Binance Coin (BNB) token, on the other hand, has remained in a consolidation phase at its all-time high in the…

President-elect Donald Trump appointed Truth Social CEO Devin Nunes to serve as the Chairman of a presidential Intelligence Advisory Board. In a post on Truth Social, Trump wrote that Nunes would “draw on his experience as former Chairman of the House Intelligence Committee” in order to provide Trump “with independent assessments of the effectiveness and propriety of the U.S. Intelligence Community’s activities.” “I am pleased to announce that I will appoint Truth Social CEO Devine Nunes as Chairman of the President’s Intelligence Advisory Board, which consists of distinguished citizens from outside of the Federal Government,” Trump wrote. Trump added: “While…

The company is balancing geopolitical tensions with technological advancements By Oliver Rodzianko Summary L3Harris benefits from modernizing militaries and rising defense spending amid global tensions, yet moderate long-term CAGRs and a fair valuation suggest only moderate returns. AI-driven autonomous systems support growth even amid possible diplomatic easing; cost-saving and stable earnings prospects keep the company resilient over coming years. Valuation reflects balanced uncertainty: stable deterrent demand and cautious EV-to-EBITDA targets yield fair intrinsic value, suggesting reliable returns as peace or conflict evolves. L3Harris (LHX, Financial) is one of the key beneficiaries of the intense geopolitical environment, with wars breaking out…

Topline President-elect Donald Trump on Saturday nominated his former ambassador to Germany, Ric Grenell, for the newly created envoy for special missions position and Truth Social CEO Devin Nunes as chairman of his Intelligence Advisory Board, the latest among a flurry of new appointments as Trump continues to fill out his cabinet. Former US Acting Director of National Intelligence Ric Grenell speaks during the third day of the … [+] 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, on July 17, 2024. (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty Images Key Facts Trump has chosen…

By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased more than expected in November amid an acceleration in motor vehicle and online purchases, consistent with strong underlying momentum in the economy as the year winds down. The report from the Commerce Department on Tuesday had no impact on expectations that the Federal Reserve would cut interest rates on Wednesday for the third time since the U.S. central bank initiated its policy easing cycle in September. Fed officials were due to start a two-day policy meeting on Tuesday. Signs of strong domestic demand have added to warmer inflation readings in recent…

Growing institutional confidence is indicated by Bitcoin’s record-breaking gain and consistent ETF inflows. According to statistics from SoSoValue, Bitcoin (BTC) spot ETFs showed a net inflow of $637 million on Dec. 16, the 13th day in a row that inflows have been positive. Bitcoin is hitting new all-time highs at the same time as this continuous investment boom, indicating rising investor confidence in the cryptocurrency sector. Source: SoSoValue With the largest one-day inflow of $418 million, BlackRock’s IBIT took the lead and accumulated a total net inflow of $36.3 billion. With $116 million, Fidelity’s FBTC came next, increasing its overall…

I can’t remember a recent instance in which the final amount I owed, whether it be for a hotel reservation or a concert ticket, didn’t make my eyes bug out in shock. Now, a new rule from the Federal Trade Commission (FTC) should limit these bait-and-switch pricing tactics. The FTC has announced the Junk Fees Rule, requiring live-event ticketing and short-term lodging businesses to be transparent about the total price owed. Other companies will continue to be monitored on a case-by-case basis for deceptive pricing.The new rule, first proposed in 2023, should get rid of all those extra “resort” and…

On pornography platform OnlyFans, prostitutes make most of their earnings by directly engaging with their “fans” through messages and conversations. A global industry has popped up of imposters paid to pretend they are the OnlyFans model to trick lonely and desperate men into opening their wallets. Now, those human “chatters” are increasingly being replaced by AI-powered chatbots. Wired reports that the rise of AI has brought about concerns regarding its potential to replace human workers across various industries. One niche occupation that is already experiencing disruption due to AI is the role of OnlyFans chatters. These gig workers are paid…

Electric Vehicle Boom Is (Predictably) Out of Gasgetty The plugin electric vehicle (EV) business in the U.S. cruised into 2024 full of hype and hope. The hope was that a slowdown in EV growth that began in 2023 was just a hiccup in the otherwise inevitable boom cycle that many experts were predicting. The administration had set a goal of EVs making up to half of all new vehicle sales by 2030, and created tax breaks to make EVs competitive with internal combustion engine (ICE) vehicles. Enthusiastic policymakers assured us that it wouldn’t be long before gas guzzlers had been…

TAMPA, FLORIDA – DECEMBER 14: (L-R) Opponents Colby Covington and Joaquin Buckley face off prior to … [+] a welterweight fight during the UFC Fight Night event at Amalie Arena on December 14, 2024 in Tampa, Florida. (Photo by Chris Unger/Zuffa LLC)Zuffa LLC Joaquin Buckley extended his UFC welterweight winning streak to six in a row with a dominant TKO win over three-time UFC welterweight title challenger Colby Covington in the main event of Saturday’s UFC Tampa fight card from Amalie Arena. As for Covington, the ex-interim UFC champ is on the first losing skid of his career after dropping…