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  • Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment

    Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment

    A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. 

    Lam Yik | Bloomberg | Getty Images

    The crypto market slid Friday after President Donald Trump unveiled his modified “reciprocal” tariffs on dozens of countries.

    The price of bitcoin showed relative strength, hovering at the flat line while ether, XRP and Binance Coin fell 2% each. Overnight, bitcoin dropped to a low of $114,110.73.

    The descent triggered a wave of long liquidations, which forces traders to sell their assets at market price to settle their debts, pushing prices lower. Bitcoin saw $172 million in liquidations across centralized exchanges in the past 24 hours, according to CoinGlass, and ether saw $210 million.

    Crypto-linked stocks suffered deeper losses. Coinbase led the way, down 15% following its disappointing second-quarter earnings report. Circle fell 4%, Galaxy Digital lost 2%, and ether treasury company Bitmine Immersion was down 8%. Bitcoin proxy MicroStrategy was down by 5%.

    Stock Chart IconStock chart icon

    Bitcoin falls below $115,000

    The stock moves came amid a new wave of risk off sentiment after President Trump issued new tariffs ranging between 10% and 41%, triggering worries about increasing inflation and the Federal Reserve’s ability to cut interest rates. In periods of broad based derisking, crypto tends to get hit as investors pull out of the most speculative and volatile assets. Technical resilience and institutional demand for bitcoin and ether are helping support their prices.

    “After running red hot in July, this is a healthy strategic cooldown. Markets aren’t reacting to a crisis, they’re responding to the lack of one,” said Ben Kurland, CEO at crypto research platform DYOR. “With no new macro catalyst on the horizon, capital is rotating out of speculative assets and into safer ground … it’s a calculated pause.”

    Crypto is coming off a winning month but could soon hit the brakes amid the new macro uncertainty, and in a month usually characterized by lower trading volumes and increased volatility. Bitcoin gained 8% in July, according to Coin Metrics, while ether surged more than 49%.

    Ether ETFs saw more than $5 billion in inflows in July alone (with just a single day of outflows of $1.8 million on July 2), bringing it’s total cumulative inflows to $9.64 to date. Bitcoin ETFs saw $114 million in outflows in the final trading session of July, bringing its monthly inflows to about $6 billion out of a cumulative $55 billion.

    Don’t miss these cryptocurrency insights from CNBC Pro:

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  • How A Nova Explosion Technically Powers Your Smartphone

    How A Nova Explosion Technically Powers Your Smartphone





    The next time you use your phone, you should raise your eyes to the skies and say thanks to … a dying star. More specifically, you should thank the explosions that happen on a class of celestial bodies known as white dwarfs. Scientists have long pondered where all that lithium that powers our phones and much else of the modern world comes from. This might seem strange, as lithium was one of only three elements that were created in the first moments after the Big Bang, the others being hydrogen and helium. However, the lithium produced was only a trace amount, and when astronomers looked at older stars, they found that there was even less lithium than expected. This discrepancy can be explained by the tendency of larger stars to pull lithium inwards towards the star’s core, where it’s destroyed. 

    Yet, when scientists study younger stars, the reverse is found to be true — these stars have far more lithium than previous generations. This begs the question — where does all this lithium come from? The smoking gun was found when data from a nova dating from December 2013 was recently re-analyzed by scientists. The re-analysis happened after it was discovered that the white dwarf was nearer than originally thought, which brought it into a range where meaningful data could be pulled from the observation. Let’s shine a light on how explosions on distant white dwarf stars are helping to make the lithium-ion batteries that are possibly powering the device you’re reading this on. 

    How novas produce lithium

    A white dwarf forms when a star about the same size as the sun has burned through all its nuclear fuel. At this stage, the outer and lighter layers of the star are expelled to form a planetary nebula, and what is left behind is the dense inner core. This is the white dwarf. In most cases, a white dwarf will be part of a binary or multiple star system. It’s estimated that about 85% of all stars exist in such systems. This is lucky for our smartphones and other electrical devices, because the nature of this relationship can cause thermonuclear explosions known as novae. Put simply, a nova occurs when a white dwarf gravitationally accumulates excess material from a neighboring star. This causes pressure and heat to rise on the surface until all that tension gives way in a massive, ring-shaped explosion.  

    It was the observation of such an explosion by the European Space Agency’s International Gamma-ray Astrophysics Laboratory in 2013 that solved the lithium puzzle. Recent re-examination of the data confirmed the presence of gamma rays carrying an energy of 478 kiloelectron volts. While this might seem like a random fact, this is the energy level that gamma rays produce when beryllium-7 decays radioactively into lithium-7. The amount of lithium produced was measured in solar mass units, where one solar mass is equivalent to the mass of the sun. Using this scale, it was estimated that the nova produced lithium totaling 100 millionths of a solar mass. Enough to power a smartphone or two. 



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  • Amal Clooney Brings the Disco to Lake Como

    Amal Clooney Brings the Disco to Lake Como

    Balance is restored in the universe: at long last, George and Amal Clooney have returned to Lake Como.

    The actor and human rights lawyer tend to spend the summer months in palatial Italian waterfront villas. But with George’s recent starring role in Good Night, and Good Luck on Broadway, the pair have deferred their Euro summer…until now.

    Earlier this week, the Clooneys returned to Lake Como, where they were ferried to dinner at the Grand Hotel Tremezzo—one of their date night stalwarts—via water taxi. For the occasion, Amal opted for a one-shoulder knee-length dress from Badgley Mischka. The barrister’s outfit was not wont for sparkle, from its silver sequins to its wraparound silver fringe and matching hem. She accessorized with a pair of strappy silver heels and a miniature clutch. And, of course, no look is complete without her go-to beachy waves.

    COBRA TEAM / BACKGRIDUSA

    This isn’t the first time Amal has brought Studio 54 glamour to Lake Como. In 2023, she celebrated date night in a glittering silver chainmail babydoll minidress from Rabanne. And at the inaugural Albie Awards in 2022, she gave her signature sparkle the flapper treatment in a 1920s-inspired Versace dress.

    With all of August still ahead of us, we’re sure that Amal Clooney has some more show-stopping looks up her sleeve.

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  • Pfizer, BioNTech lose UK appeal to overturn Moderna's COVID vaccine patent win – Reuters

    1. Pfizer, BioNTech lose UK appeal to overturn Moderna’s COVID vaccine patent win  Reuters
    2. Moderna Fights Off Pfizer Challenge To Surviving mRNA IP  Law360
    3. UK Court of Appeal Confirms Moderna’s EP’949 Patent is Valid and Infringed by Pfizer/BioNTech  Yahoo Finance
    4. Pfizer to appeal UK judgment on Covid-19 vaccine  MLex
    5. Moderna Wins UK Patent Battle Against Pfizer and BioNTech  BioSpace

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  • Nintendo raising original Switch console prices due to ‘market conditions’

    Nintendo raising original Switch console prices due to ‘market conditions’

    Nintendo is raising the prices of its original Nintendo Switch game consoles, the company announced on Friday. The price increases, which are taking effect on August 3, are due to “market conditions,” Nintendo says.

    The company’s reference to “market conditions” likely hints at President Donald Trump’s tariffs.

    The affected products include the Nintendo Switch — OLED Model, Nintendo Switch, Nintendo Switch Lite, and select Nintendo Switch accessories. Other Nintendo products, including certain Nintendo Switch 2 accessories, select amiibo, and the Nintendo Sound Clock: Alarmo, will also see price increases.

    It’s not yet clear what the new prices will be. Currently, the original Nintendo Switch retails for $299.99, while the OLED model costs $349.99.

    Nintendo said it isn’t ruling out a future price hike for the Nintendo Switch 2, which retails for $450.

    “Pricing for the Nintendo Switch 2 system, physical and digital Nintendo Switch and Nintendo Switch 2 games, as well as Nintendo Switch Online memberships, will remain unchanged at this time,” Nintendo wrote in its announcement post. “However, please note that price adjustments may be necessary in the future.”

    Earlier on Friday, Nintendo reported its fiscal first-quarter earnings and shared that sales of the Switch 2 console have reached 5.82 million units since its release on June 5.

    Nintendo transferred most of its production from China to Vietnam in the past to avoid tariffs. However, Trump this week announced changes to reciprocal tariffs, which extend to Vietnam.

    Techcrunch event

    San Francisco
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    October 27-29, 2025

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  • SpaceX launches joint NASA crew and Japanese astronaut to ISS

    SpaceX launches joint NASA crew and Japanese astronaut to ISS

    NASA’s SpaceX Crew-11 members, from left: mission specialist Oleg Platonov of Roscosmos, pilot Mike Fincke of the U.S., commander Zena Cardman of the U.S. and mission specialist Kimiya Yui of Japan’s JAXA, seen at Cape Canaveral on Aug. 1. © Reuters

    WASHINGTON (Reuters) — An international crew of four astronauts launched toward the International Space Station from Florida on Friday aboard a SpaceX rocket, beating gloomy weather to embark on a routine NASA mission that could be the first of many to last a couple months longer than usual.

    The four-person astronaut crew — two NASA astronauts, a Russian cosmonaut and Japanese astronaut — boarded SpaceX’s Dragon capsule sitting atop its Falcon 9 rocket at NASA’s Kennedy Space Center and blasted off at 11:43 a.m. ET. They will arrive at the ISS on Saturday.


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  • Israeli author David Grossman says his country is committing genocide in Gaza | Israel-Gaza war

    Israeli author David Grossman says his country is committing genocide in Gaza | Israel-Gaza war

    The award-winning Israeli author David Grossman has described his country’s campaign in Gaza as a genocide and said he now “can’t help” but use the term.

    “I ask myself: how did we get here?” the celebrated writer and peace activist told the Italian daily La Repubblica in an interview published on Friday.

    “How did we come to be accused of genocide? Just uttering that word – ‘genocide’ – in reference to Israel, to the Jewish people, that alone, the fact that this association can even be made, should be enough to tell us that something very wrong is happening to us.”

    Grossman said that for many years he had refused to use the term. “But now I can’t help myself – not after what I’ve read in the papers, not after the images I’ve seen, not after speaking with people who’ve been there. This word is an avalanche: once you say it, it just gets bigger, like an avalanche. And it adds even more destruction and suffering,” he said.

    Grossman’s comments come days after two major Israeli rights groups said Israel was committing genocide in Gaza, amid growing global alarm over starvation in the besieged territory.

    The author, who has long been a critic of the Israeli government, told La Repubblica he was using the word “with immense pain and with a broken heart”.

    “Reading in a newspaper or hearing in conversations with friends in Europe the association of the words ‘Israel’ and ‘hunger’ – especially when this comes from our own history, from our supposed sensitivity to human suffering, from the moral responsibility we’ve always claimed to hold toward every human being, not just toward Jews – this is devastating,” said Grossman, who won the country’s top literary prize, the Israel prize, in 2018 for his work spanning more than three decades.

    “The occupation has corrupted us,” he said. “I am absolutely convinced that Israel’s curse began with the occupation of the Palestinian territories in 1967. Maybe people are tired of hearing about it, but that’s the truth. We’ve become militarily powerful, and we’ve fallen into the temptation born of our absolute power, and the idea that we can do anything.”

    Asked what he thought of France and the UK being among the latest countries preparing to formally recognise a state of Palestine, Grossman said: “I actually think it’s a good idea, and I don’t understand the hysteria around it here in Israel. Maybe dealing with a real state, with real obligations, rather than a vague entity like the Palestinian Authority, will have its advantages. Of course, there would need to be very clear conditions: no weapons, and the guarantee of transparent elections from which anyone who advocates violence against Israel is excluded.”

    He said he remained “desperately committed” to the two-state solution. “It will be complex, and both we and the Palestinians will need to act with political maturity in the face of the inevitable attacks that will come.” He added: “There is no other plan.”

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  • Omoda E5 Launches as One of Pakistan’s Most Affordable Electric SUVs – ProPakistani

    1. Omoda E5 Launches as One of Pakistan’s Most Affordable Electric SUVs  ProPakistani
    2. Pakistani Tycoon Joins China’s Chery to Localize EV Output  Bloomberg
    3. Nishat Group joins hands with Chery to build EVs in Pakistan  Mettis Global
    4. Chery expands electric lineup in Pakistan with Omoda E5 SUV under NextGen Auto  Profit by Pakistan Today
    5. BYD ATTO 3 vs. OMODA E5 | 1-1 EV’s Comparison  Pakwheels

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  • Son of Sardaar 2 box office collection day 1: Ajay Devgn-Mrunal Thakur’s film opens with ₹6 crore, trails behind Raid 2 | Bollywood

    Son of Sardaar 2 box office collection day 1: Ajay Devgn-Mrunal Thakur’s film opens with ₹6 crore, trails behind Raid 2 | Bollywood

    Ajay Devgn’s Son of Sardaar 2 has opened to a modest start at the box office, earning approximately 6.21 crore on its first day according to Sacnilk. Despite Ajay’s star power and the film’s wide release across major Indian cities, the film struggled to pull in large crowds, especially when compared to his recent hit Raid 2.

    4.19 crore on its first day, struggling against the success of Raid 2.” title=”Ajay Devgn’s Son of Sardaar 2 opened modestly at 4.19 crore on its first day, struggling against the success of Raid 2.” /> ₹4.19 crore on its first day, struggling against the success of Raid 2.” title=”Ajay Devgn’s Son of Sardaar 2 opened modestly at 4.19 crore on its first day, struggling against the success of Raid 2.” />
    Ajay Devgn’s Son of Sardaar 2 opened modestly at 4.19 crore on its first day, struggling against the success of Raid 2.

    Son of Sardaar 2 trails behind Raid 2 first day collections

    Earlier this year, Raid 2 had a far stronger debut, raking in 19.25 crore on Day 1 alone. Released on a national holiday, Raid 2 enjoyed high occupancy rates (over 34% overall) and a strong word-of-mouth push that propelled it past the 100 crore mark within days.

    Son of Sardaar 2 occupancy in major cities

    In contrast, Son of Sardaar 2 saw lower occupancy across all regions, with cities like Mumbai and Pune averaging around 14–16%, while Lucknow and Jaipur performed better with over 30% turnout during peak hours.

    Lucknow emerged as the strongest market, recording an impressive 33.33% overall occupancy, peaking at 50% during evening shows—the highest among all cities. Similarly, Jaipur followed closely with 32.67% overall, reaching 43% in the evening, and 25% in morning shows, indicating robust local interest.

    The National Capital Region (NCR) also posted solid figures, clocking 23.33% overall occupancy with a notable jump in the afternoon (27%) and evening (31%) shows. Chennai, despite having only 52 shows, registered 20.5% occupancy, largely driven by afternoon and evening slots.

    Chandigarh (15.67%), Bhopal (13.67%), Hyderabad (13%), and Pune (13.67%) showed balanced but subdued turnouts across time slots. Surat had the lowest footfall on opening day, recording just 5% overall occupancy, with minimal spikes throughout the day. Ahmedabad also underperformed at 9.33% overall, peaking only at 12% in the afternoon, despite 398 shows.

    About Son of Sardaar 2

    Son of Sardaar 2 brings Ajay Devgn back as Jassi and Mrunal Thakur as the female lead. The film marks the Bollywood debut of director Vijay Kumar Arora, known for his acclaimed Punjabi films like Harjeeta and Kali Jotta.

    The film features a large ensemble cast, including Ravi Kishan, Sanjay Mishra, Neeru Bajwa, Deepak Dobriyal, Kubbra Sait, Chunky Panday, Vindu Dara Singh, Sharat Saxena, and Roshni Walia.

    It also features Mukul Dev in a posthumous appearance, along with Ashwini Kalsekar and Sahil Mehta in key roles.

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  • Highlighting Clinical Pearls in Dermatology Through the Eyes of a Rheumatologist

    Highlighting Clinical Pearls in Dermatology Through the Eyes of a Rheumatologist

    Karim Ladak, MD

    Credit: LinkedIn

    During the 2025 Dermatology Education Foundation (DERM) NP/PA CME Conference in Las Vegas, rheumatologist Karim Ladak, MD, presented a fast-paced session titled ‘Rheum with a View: A Look at Dermatology Pearls through the Eyes of a Rheumatologist,’ highlighting a variety of clinical pearls for clinicians in dermatology.

    Ladak, known for his role as a rheumatologist and as a Clinical Assistant Professor at McMaster University, grounded his talk in real-world insights and case-based teaching. Ladak focused on the diagnosis and management of cutaneous lupus erythematosus (CLE), a photo-sensitive skin manifestation of systemic lupus erythematosus (SLE). He highlighted not pharmacologic means to address CLE.

    “Photo protection is essential,” Ladak said. “These are photo-sensitive lesions, number one. Number two, smoking cessation [will help]. We find that a lot of patients with active cutaneous lupus are smokers. If you get them off their cigarettes or help support them to quit, the level of disease activity will fall as well.”

    The third non-pharmacologic intervention, Ladak noted, applies to everybody with cutaneous lupus: vitamin D supplementation.

    “There was one trial in 2014 in Spain,” Ladak explained. “It was a small study of individuals with cutaneous lupus who are vitamin D deficient…What they found was that when they [increased] the vitamin D level, it helped control the immune system better, which makes sense if you look at other fields in medicine.”

    Ladak clarified that CLE can present in isolation or as part of systemic disease. He noted that only 15% of patients with cutaneous lupus will go on to develop systemic lupus, though he also emphasized that risk stratification is crucial. CLE is most common in women of childbearing age and tends to be more prevalent and severe in women of color, Ladak noted.

    He broke CLE down into a set of 3 main subtypes—acute, subacute, and chronic—all of which Ladak highlighted are united by photo-sensitivity and the shared histologic feature of interface dermatitis. This is a pattern of inflammation seen in patients.

    Regarding acute cutaneous lupus, Ladak described this subtype as including the classic malar or “butterfly” rash, typically impacting patients’ cheeks and bridge of the nose while sparing the nasolabial folds. Ladak noted that these lesions typically heal without scarring or discoloration and are strongly associated with systemic disease.

    In his discussion of subacute cutaneous lupus, Ladak highlighted this subtype as photo-sensitive, manifesting as either annular or papulosquamous lesions, which may resemble psoriasis or eczema. Ladak went on to say that it favors sun-exposed areas such as the shoulders, torso, and neck, but typically spares the face. Lesions are known to heal with depigmentation but not scarring. He added that around 50% of subacute cases may evolve into systemic lupus, although the systemic involvement is usually mild. Approximately a third of subacute cases, Ladak commented, are drug-induced and are more common among older males. Prompt discontinuation of the offending drug within 3 months typically stops additional lesion development.

    In his discussion of chronic cutaneous lupus, Ladak noted that this most common and severe subtype of CLE will frequently appears as discoid lesions. These are scarring and can result in permanent hair loss. He added that chronic lesions often involve the scalp, face, neck, and ears. Despite the severity of skin involvement, Ladak explained that progression to systemic lupus is uncommon.

    With regard to treatment, inflammation was described by Ladak as a “fire” that needs to be extinguished and then kept at bay. He highlighted that topical or systemic corticosteroids are first-line therapies for those facing acute flares, noting that potent topical steroids may be used cautiously on the face to prevent permanent damage from chronic lesions.

    Long-term maintenance often includes antimalarials, particularly hydroxychloroquine, which Ladak noted can be both effective and well-tolerated. To screen for progression to systemic lupus, Ladak expressed that clinicians may ask patients about joint pain, fatigue, and oral or nasal ulcers. These questions help capture early signs of systemic involvement.

    Finally, for monitoring progression to systemic lupus, Ladak shared four screening questions: “Ask about joint pain, dry eyes or mouth, fatigue, and ulcers. You’ll capture most evolving SLE that way.”

    Ladak’s dynamic session left attendees with memorable takeaways and a practical framework for recognizing and managing CLE across the condition’s spectrum.

    For any further information on Ladak’s session, as well as other clinical pearls highlighted at the meeting, view our latest conference coverage.

    The quotes in this interview summary were edited for clarity.

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