Author: MNK News
WASHINGTON (AP) — President Donald Trump has seized on the government shutdown as an opportunity to reshape the federal workforce and punish detractors, by threatening mass firings of workers and suggesting “irreversible” cuts to programs important to Democrats.Rather than simply furlough employees, as is usually done during any lapse of funds, White House press secretary Karoline Leavitt said layoffs were “imminent.” The Office of Management and Budget announced it was putting on hold roughly $18 billion of infrastructure funds for New York’s subway and Hudson Tunnel projects — in the hometown of the Democratic leaders of the U.S. House and…
Bitcoin (BTC) witnessed a slight surge earlier today, climbing from $113,000 to around $117,000 at the time of writing, in contrast to expectations of several crypto analysts who were predicting a decline in risk-on assets due to the US government shutdown. Bitcoin Rises Despite US Government Shutdown The US federal government shut down at midnight on September 30, as President Donald Trump and Congress failed to reach a deal on funding. Specifically, the two camps were at odds over enhanced Obamacare subsidies, with neither party willing to take the blame. Related Reading However, Bitcoin made a surprise move to the…
Ethereum price started a steady increase above $4,320. ETH is now consolidating and might aim for more gains if it clears the $4,400 resistance. Ethereum remained stable above $4,250 and started a recovery wave. The price is trading above $4,320 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $4,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,400 and $4,420. Ethereum Price Gains Over 5% Ethereum price remained supported above the $4,120 level and started a fresh…
The new device integrates AI-powered cooling for the head and neck, potentially reducing the time it takes to fall asleep Eight Sleep, the company known for its sleep tech products including a flagship mattress cover, has launched its latest innovation, the Pod Pillow Cover. The new product brings temperature regulation to the head and neck, one of the first of its kind. The global sleep market is estimated to be worth around $500 billion. Eight Sleep has built its brand around applying biometric data and technology to create products that adapt to the body throughout the night. “Our goal is…
Bitcoin blasted through $116,000 with a 3% daily gain even as the U.S. government officially entered shutdown, its first since 2018. The political stalemate over health-care funding has 750,000 federal workers on furlough and could cost about $400 million per day, yet risk assets shook off early nerves. Related Reading Crypto’s total market cap rose 3% to $4.09T, with Bitcoin leading and dominance climbing from 57% to 59%, a structure analysts say tends to produce more durable rallies than altcoin-led surges. Gold’s sprint to fresh records near $3,875–$3,895/oz underlined the flight-to-safety backdrop, but BTC’s two-day rebound from $112,000 suggests buyers…
According to social posts and on-chain trackers, XRP appears poised for a sharp move that could leave little time for slow decisions. Trader Altcoin Gordon cautioned that XRP’s upcoming move might unfold quickly and with force, telling traders to be ready before it takes off. Related Reading Price has been stuck below $3 for weeks, and September produced no clear upward momentum, leaving traders on edge as regulators and markets add to uncertainty. Trader Warning Spurs Urgency Short-term charts show XRP compressing after a slide that began in July when the token crossed $3.60. Based on reports, Gordon’s shared chart…
Bitcoin is now back trading above $115,000, but the recovery comes with a shadow that cannot be ignored. A new gap opened on the CME Bitcoin futures chart, and while the spot market has pushed higher since then, the presence of this gap opens up a bearish scenario. These gaps have a history of pulling Bitcoin back down to fill them, and the most recent one opens up questions about how long the current bullish momentum can last. Bitcoin Opens Up Huge CME Gap Crypto analyst Daan Crypto noted on the social media platform X how Bitcoin opened the week…
Shiba Inu is approaching a decisive inflection on the 6-day SHIB/USDT chart, according to analyst CryptoNuclear’s October 1 TradingView update. The pair is pressing into a long-standing demand shelf between $0.00000850 and $0.00001183, a band that has repeatedly arrested declines since 2022 and underpinned the market’s extended sideways structure. The zone is highlighted as the market’s “make-or-break” area: hold here and the path opens to a multi-leg advance; lose it and the structure degrades into a deeper drawdown. Key Shiba Inu (SHIB) Price Levels Structurally, the macro picture remains defined by lower highs from the all-time peak, which continues to…
World Gym is expanding its international footprint while reporting double-digit revenue growth at home in Taiwan World Gym, founded as a bodybuilding staple on the West Coast, is advancing its global ambitions with a franchise deal in Mexico and five new gyms in Australia. The Taiwan-based franchise, which acquired World Gym International (WGI) last year in a reported $9 million deal and now controls the global rights to the brand, said the Mexico agreement will bring at least 30 new clubs to the North American country. The deal, signed with International Fitness Group, builds on the group’s 11 existing gyms in northern Mexico,…
Elon Musk took to X on Wednesday to urge the public to cancel their Netflix subscriptions “for the health” of their children. “Cancel Netflix for the health of your kids,” Musk declared, sharing a post from another X user, who wrote, “Protect your kids. Cancel Netflix” above an image that showed a Trojan Horse carrying “transgender propaganda” inside it. This comes after Musk added himself to the growing number of consumers who are cancelling their Netflix memberships after the streaming giant’s children’s cartoon show creator Hamish Steele smeared assassinated Turning Point USA founder Charlie Kirk as a “Nazi” in an expletive-laden social media…