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1. October 24th – Federal employees, whether furloughed or working, will miss their first full paycheck, forcing lawmakers to act. They have already missed partial paychecks, placing significant financial strain on over 2 million employees and their families. 2. October 31st – The Trump administration this week deployed $8 billion in unused research and development funds from fiscal year 2025 to ensure 1.3 million active-duty military personnel receive their October 15th paycheck. However, whether this can be done again before Halloween (November 1st) remains uncertain. 3. October 31st and November 5th – Senate clerks will miss their first full paycheck on October 20th (paid on the 5th and 20th of each month). House clerks will miss their paychecks at the end of October (paid at the end of each month) and, if they do, will not receive their paychecks until after Thanksgiving, creating significant financial hardship. 4. November 1st – Open enrollment for the Affordable Care Act. Healthcare is a primary concern for the shutdown, with Democrats aiming to pressure Republicans to reach an agreement on strengthening subsidies for Obamacare before open enrollment begins. 5. November 21 – If the shutdown continues into late November, it could lead to TSA staffing shortages and air traffic control issues for Americans during the busy Thanksgiving travel week. Air traffic control chaos in early 2019 was a key factor in forcing the government to end the longest shutdown in history.On October 19th, local time, Pakistani Deputy Prime Minister and Foreign Minister Dar welcomed the ceasefire agreement reached between Pakistan and Afghanistan in Doha, Qatar, on the evening of the 18th on social media, calling it "the first step in the right direction." Dar also expressed hope that at the next round of meetings hosted by Turkey, a concrete and verifiable monitoring mechanism would be established to address the threat of attacks from Afghanistan into Pakistan. On the same day, Afghan government spokesman Zabiullah Mujahid issued a statement announcing that negotiations between Afghan and Pakistani representatives in Qatar had concluded with the signing of a bilateral agreement. Neither side will take any hostile actions against the other, nor will they support groups that attack the Pakistani government. Both sides will refrain from targeting each others security forces, civilians, or critical infrastructure. A mechanism will be established to review bilateral positions and ensure the effective implementation of the agreement, mediated by an intermediary.The General Staff of the Ukrainian Armed Forces: In the past day, the Russian army lost about 1,000 soldiers, as well as 3 armored personnel carriers, 45 artillery systems and other equipment.On October 19th, Russian law enforcement revealed that Ukrainian armed forces were using a satellite system from the British company OneWeb to control unmanned boats in the Black Sea, and that a similar unmanned boat had been captured as a trophy. Sources said Ukraine was using the system as a backup communication channel for the Starlink system. "OneWeb terminals have been integrated into the maritime drone control system. Now, OneWeb is used as a backup communication channel alongside the primary system, the US Starlink," the source said. He explained that unlike Starlink, which uses thousands of low-orbit satellites, OneWeb deploys its network in medium-Earth orbit. This allows for wider coverage per satellite, but requires more complex and expensive user terminals.On October 19, a source in the Russian security department revealed that the number of mercenaries holding American passports killed by the Russian armed forces in special military operations in Ukraine has reached nearly 100. The source said: "Since the end of February 2022, about 100 American citizens fighting alongside Ukrainian militants have been killed in Ukraine." The source pointed out that obituaries of many people have been published on social networks and Ukrainian media.

Bitcoin Drops as Wall Street Shares Tumble

Jimmy Khan

May 10, 2022 10:01

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On Monday, bitcoin fell to its lowest level since July 2021, falling in lockstep with sagging US stock markets on fears about the Federal Reserve's aggressive tightening policy.


Bitcoin, the world's most valuable cryptocurrency by market capitalization, fell to $30,331.28 for the fifth straight session. Bitcoin was last trading at $30,724, down 9.8%.


Bitcoin has lost over half its value since reaching an all-time high of $69,000 in November last year, falling 19 percent in May.


The S&P 500 index fell to its lowest level since April 2021 on Monday, owing to falls in mega-cap growth stocks. The Nasdaq was down more than 3%, while Apple shares were down more than 3% and were the Nasdaq and S&P 500's greatest drag.


"Volatility in the market arises from speculation," according to Alex Miller, CEO of Hiro. And since bitcoin is so speculative, its price, as well as that of the rest of the crypto market, is falling in tandem with the broader markets."


Hiro creates developer tools for Stacks, the bitcoin network that powers apps and smart contracts.

Ether, the world's second-largest cryptocurrency and the basis for the Ethereum blockchain, has dropped to its lowest level since late January.


"The most essential thing to do to prepare for bear markets is to keep your portfolio balanced and not overinvest in assets that you can't afford to wait out a crypto winter with," Miller added. "Holding long-term assets like bitcoin, or even increasing your stake if you're set up to do so, is the smartest thing you can do, as we've seen from every downturn ever."


Despite bitcoin's price decline, funds and products related to it received $45 million in inflows last week, according to a report issued on Monday by digital asset management Coinshares.


Investors took advantage of bitcoin's price falls, according to CoinShares investment manager James Butterfill.


According to the CoinShares report, the crypto industry as a whole received $40 million in inflows.


Other causes in bitcoin's decrease, according to Matt Dibb, chief operating officer of crypto platform Stack Funds, occurred during the weekend amid the crypto market's infamously low liquidity.


There were also concerns, according to Dibb, that the algorithmic stablecoin Terra USD (UST) would lose its linkage to the dollar.


Stablecoins are digital currencies that are linked to conventional assets, most often the US dollar.


UST is being keenly followed for its unusual method of maintaining a 1:1 dollar peg, as well as its creators' ambitions to construct a $10 billion bitcoin reserve to support the stablecoin, implying that UST volatility might possibly leak over into bitcoin markets.