Israel Withdraws Troops from Southern Gaza 🔫 Total Solar Eclipse in the US 🌗

Good morning. It's Monday, Apr. 8, and we're covering, Engine Cover Falls Off Boeing Plane, US Regulators Launch Investigation, Brazil Judge Initiates Inquiry into Elon Musk After Refusal to Block Accounts on X, and much more. First time reading? Sign up to get this newsletter: Sign up here.

We always Listen and respond to questions and feedback, email us at [email protected]

MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.59 Trillion, a 0.42% increase in the last 24 hours.

• The total crypto market volume over the last 24 hours is $61.86B, which makes a 2.55% increase.

• The total volume in Defi is currently $7.37B, 11.92% of the total crypto market 24-hours.

• The volume of all stablecoins is now $54.82B, which is 88.62% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 52.85%, a decrease of 0.10% over the day.

Bitcoin Faces Crucial Resistance Amid Analysts' Bullish Outlook

Van de Pop's analysis reveals a concerning bearish divergence in Bitcoin's price chart, indicating a possible downturn in the near term. The key level to watch is $70,000, with failure to break above this mark potentially triggering a correction phase for the cryptocurrency. ( Read More )

BUSINESS & FINANCE

Engine Cover Falls Off Boeing Plane, US Regulators Launch Investigation

Airline regulators have launched an investigation in the US after an engine cowling on a Boeing 737-800 fell off during take-off and struck a wing flap. The Southwest Airlines flight, with 135 passengers and six crew members, returned safely to Denver International Airport after originally departing for Houston. Fortunately, the flight crew managed to land the plane safely back at Denver International Airport, averting a potential disaster.

Takeaway: The aircraft was manufactured in 2015 and is an earlier generation of the 737 from the latest Max model, powered by CFM56 engines. This incident adds to Boeing's recent challenges, including a dramatic mid-air blowout in January and previous crashes involving the 737 Max plane, leading to global groundings. ( Read Deeper )

U.S. and China to Enhance Financial Stability Cooperation with More Shock Exercises

U.S. Treasury officials have revealed plans for intensified collaboration between the United States and China on financial stability matters, announcing two upcoming simulations aimed at addressing potential shocks to the financial system. The simulations are part of the initiatives developed by a joint U.S.-China financial working group established last year during U.S. Treasury Secretary Janet Yellen's inaugural visit to China. Led by representatives from the U.S. Treasury and the People's Bank of China (PBOC), the group convened most recently in Beijing in January.

Why it Matters: The simulations aim to identify potential areas of cross-border contagion and other risks, facilitating coordinated responses during times of financial stress. This marks the first instance of such exercises and consultations between the U.S. and China, reflecting a growing recognition of the importance of bilateral cooperation in ensuring global financial stability. ( Read Deeper )

TECHNOLOGY & SCIENCE

Brazil Judge Initiates Inquiry into Elon Musk After Refusal to Block Accounts on X

A legal confrontation between Elon Musk and Brazil intensified as a Supreme Court judge launched an inquiry into the billionaire following Musk's announcement that he would reactivate accounts on the social media platform X, formerly known as Twitter, despite a court order to block them. Justice Alexandre de Moraes had issued the order to block certain accounts on X as part of an investigation into "digital militias" accused of spreading fake news and hate messages during the tenure of former President Jair Bolsonaro.

Takeaway: Musk's refusal to comply with the court order has led to a formal inquiry and potential legal consequences. with Solicitor General Jorge Messias criticizing Musk's actions and advocating for the regulation of social media networks to prevent foreign platforms from flouting Brazilian laws. ( Read Deeper )  

What to Know About Monday’s Total Solar Eclipse in the US, Mexico, and Canada

On Monday, North America will witness a spectacular celestial event as a total solar eclipse sweeps across the continent. Starting from Mexico's Pacific coast, the eclipse will traverse 15 U.S. states before culminating over Canada. This event is anticipated to be longer and more widely visible than the 2017 total solar eclipse. The eclipse will last up to 4 minutes and 28 seconds, an extraordinary length for such an event.

Takeaway: During the eclipse, the moon will align perfectly between the Earth and the sun, blocking out sunlight. This eclipse will last longer due to the moon's closer proximity to Earth. The next total solar eclipse in North America won't happen until 2026, followed by another in 2027 over Europe and Africa. ( Read Deeper )

AROUND DE WORLD & POLITICS

Israel Withdraws Troops from Southern Gaza, Shifts Focus to Hamas

Israel's military has announced the withdrawal of its forces from the southern Gaza city of Khan Younis. This move brings Israel's troop presence in the territory to one of the lowest levels since the conflict began six months ago. However, defense officials have clarified that the withdrawal is part of a strategic regrouping as the army prepares to shift its focus to Hamas' last stronghold, Rafah. "The war in Gaza continues, and we are far from stopping," stated Lt. Gen. Herzi Halevi, the military chief.

Takeaway: Despite the withdrawal, a significant Israeli force remains in Gaza to conduct targeted operations, including in areas such as Khan Younis, the hometown of Hamas leader Yehya Sinwar. Negotiations for a ceasefire and hostage release are expected to resume in Cairo, with Israel sending a delegation led by the head of the Mossad intelligence agency. ( Read Deeper )

New Zealand Implements Stricter Visa Rules to Address Migration Concerns

In response to what it deems as "unsustainable net migration," New Zealand has announced tightened visa regulations, introducing language and skill criteria while shortening work permit lengths. The changes, effective immediately, aim to prioritize local labor markets and mitigate the potential displacement of New Zealanders from job opportunities. Despite ongoing skill shortages, particularly in sectors like education, the government emphasizes the need to prioritize its citizens for employment.

Why It Matters: The move reflects New Zealand's commitment to balancing the needs of its labor market to safeguard employment opportunities for its citizens. ( Read Deeper )

ENTERTAINMENT & SPORTS

Beyoncé’s ‘Cowboy Carter’ Gallops to No. 1 on Billboard 200, Makes History in Country Music

Beyoncé has once again asserted her dominance in the music industry with her latest album, "Cowboy Carter," debuting at the top spot on the Billboard 200 chart. The album's massive success marks her eighth No. 1 on the all-genre chart, solidifying her position as one of the most influential artists of our time. "Cowboy Carter" stormed onto the scene with 407,000 equivalent album units earned in the U.S. within its debut week, making it the biggest album release of 2024 so far. ( Read Deeper )

Harry Kane Returns to North London, This Time in Bayern Colors

Returning to the Emirates Stadium, Kane is no longer donning the iconic white jersey of Tottenham Hotspur but instead the red and white of Bayern Munich. Despite his stellar individual performances, Kane is yet to taste success with his new club, as Bayern struggles to keep pace with Xabi Alonso's formidable Bayer Leverkusen side in the Bundesliga. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

Starting a business can indeed be a challenging endeavor, and saving money during this process can present its own set of difficulties. ( Listen )

EXTRA BREVITI

• Larry Ellison, the co-founder and chairman of Oracle Corporation, believes that in the future, every government will seek to establish its own "sovereign" artificial intelligence (AI) cloud. ( Read More )

• Jump n Pass, a self-checkout startup has announced a strategic partnership with Justrite, a leading retail chain in Nigeria, to introduce a queue-jumping service across all its stores. ( Read More )