Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP). On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500. If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.Meanwhile, Bitcoin’s market cap alone is now over $1.77 trillion — larger than Spain’s GDP, according to the International Monetary Fund.The last time the total crypto…
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In modern cars, dashboards are loaded with dials and a range of warning lights that can quickly activate, often leaving drivers puzzled. Most of these lights are not a cause for immediate concern, as they usually switch off once the engine is running. However, if a warning light illuminates while driving, it’s essential to understand what it signifies, as some lights may point to serious issues that need urgent attention. These lights are color-coded in red, orange/amber, and green, similar to a traffic light system. A red light signals “stop” and indicates a problem that requires immediate investigation. Orange or…
Jane Lu, founder and CEO of Showpo.Courtesy of Jane Lu.Growing up, Jane Lu dreamt of waking up every morning and putting on a power suit to go to work at a fancy corporate finance job in one of the tall city buildings.Today, the 38-year-old is the founder and CEO of online fashion retail company Showpo, which brings in over $100 million a year in revenue, according to documents reviewed by CNBC Make It.Along with running a nine-figure business, Lu is also currently a judge on “Shark Tank Australia” and has built a following of almost 400,000 users across her social…
By Hyunjoo Jin SEOUL (Reuters) -South Korea’s ruling party introduced legislation on Monday to give chipmakers subsidies and an exemption from a national cap on working hours, to tackle potential risks from measures threatened by incoming U.S. President Donald Trump. The semiconductor industry is critical for the trade-dependent economy, Asia’s fourth biggest, with chips making up 16% of total exports last year. Last week, South Korean President Yoon Suk Yeol warned of the risks stemming from Trump’s threat of steep tariffs on Chinese imports that could prompt Chinese rivals to slash export prices and undercut Korean chip firms overseas. The…
Lucid is accelerating just as it readies the launch of its latest model. Source link
Countries at the COP29 climate summit have given the go-ahead to carbon credit quality standards which are critical to launching a UN-backed global carbon market, that would fund projects that reduce greenhouse gas emissions.The green light was an early deal on day one of the two-week UN conference in Baku, Azerbaijan. Governments are also meant to hammer out a climate finance agreement, although expectations have been muted by Donald Trump’s US election win.Some negotiators were also critical of the way the deal was done.The standards were agreed by a small group of technical experts, with some countries saying they had…
Investing.com– U.S. stock index futures steadied in evening deals on Monday after Wall Street hit a series of record highs on optimism over Donald Trump’s election victory, with focus now turning to upcoming inflation data this week. Futures steadied as a rally on Wall Street now appeared to be slowing, although benchmark indexes still eked out record highs. Wall Street has been on a tear after Trump’s victory in the 2024 presidential election last week. fell slightly to 6,028.00 points, while steadied at 21,208.75 points by 18:41 ET (23:41 GMT). fell 0.1% to 44,394.0 points. Trading volumes were slower on…
WASHINGTON (Reuters) -Israeli Minister of Strategic Affairs Ron Dermer met with U.S. President-elect Donald Trump at Mar-a-Lago, Axios reported on Monday, citing two Israeli officials and two U.S. officials. The Sunday meeting at Trump’s Florida estate between the president-elect and Dermer, a close aide of Israel’s Prime Minister Benjamin Netanyahu, preceded a meeting between the Israeli minister and U.S. Secretary of State Antony Blinken on Monday. Axios reported that Dermer passed messages from Netanyahu to Trump. He also briefed Trump on Israel’s plans for Gaza, Lebanon and Iran for the next two months before Trump takes office, according to the…
The global sheet metal processing equipment market is poised for significant growth, with a projected increase of USD 4.38 billion from 2024 to 2028, according to a new report from Technavio. The market is expected to expand at a compound annual growth rate (CAGR) of over 6.33% during this period, driven primarily by the rising trend of industrial automation worldwide.A key factor fueling this growth is the increasing focus of vendors on launching new and innovative products. These cutting-edge machines feature advanced automation, enhanced precision, and integration with Industry 4.0 technologies such as the Internet of Things (IoT), artificial intelligence…
Solana’s native token, SOL (SOL), surged by 35% between Nov. 5 and Nov. 11, reaching its highest level since December 2021 at $222. This movement has led traders to speculate whether the all-time high of $260 is within reach, especially after Bitcoin (BTC) crossed $84,500, driven by steady institutional inflows and anticipated regulatory clarity in the United States.SOL has outperformed the broader altcoin market, which saw a 33% increase over the same six-day period ending Oct. 11. Investors’ optimism regarding SOL is partly fueled by the expansion in Solana’s smart contract activity, as evidenced by the total value locked (TVL).Solana…