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Welcome to Tuesday!
Stay ahead of the curve with our rapid-fire roundup of today’s most impactful financial news, tailored to keep you informed and ready to seize opportunities.”
- Bitcoin surpasses $30,000 for the first time since June
- Ukrainian Prime Minister visits Canada, seeking aid and ammunition
- FBI warns against using public charging stations due to hacking risks
- Tesla shares decline after the company slashes prices on all vehicle models
Bitcoin reaches new heights
Bitcoin soared beyond $30,000 on Monday for the first time since June, as reported by Coin Metrics. This surge could bring further momentum, with James Lavish, managing partner at the Bitcoin Opportunity Fund, considering a rise to the mid-to-high 30s “probable” if the trend continues. Lavish suggests that crypto investors are anticipating inflation data this week and trading in preparation for any potential Fed action to halt rate increases. A pause in rate hikes would benefit assets like Bitcoin, he added.
Ukrainian PM seeks aid in Canada
Ukraine’s Prime Minister Denys Shmyhal is visiting Canada to request additional assistance and ammunition for an anticipated counteroffensive in Ukraine, according to local media. In an interview with The Globe and Mail, Shmyhal emphasized the need for heavily armored vehicles and more artillery shells. Shmyhal will meet with Canadian Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland during his visit. He tweeted about preparing new agreements and deals to reinforce Ukraine’s macro-financial and economic stability, working towards victory. Stay updated with live news from the war in Ukraine.
FBI warns against public charging stations
The FBI is cautioning users against using public charging stations, as criminals have compromised some stations and installed malware that could give hackers access to personal devices. Public charging stations are increasingly popular in airports, hotels, shopping malls, and on streets. However, the Federal Communications Commission warns that these stations are vulnerable to “juice jacking.” The FBI advises carrying a personal USB cable and using a standard electrical outlet when necessary.
Tesla stock dips after price cuts
Tesla (TSLA) shares are declining after the electric vehicle maker reduced prices across its entire range of vehicles. This marks Tesla’s third round of price cuts, as the company attempts to attract buyers in the face of rising interest rates. The most significant reductions, $5,000 per vehicle, were applied to Tesla’s slower-selling and pricier models, including the Model S sedan and Model X large SUV.
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