SpaceX Working on Secret Spy Satellite🛰️ Putin Wins Russia Election in Landslide🙃

Good morning. It's Monday, Mar. 18, and we're covering, Boeing Faces Mounting Challenges Amid Safety Concerns and Regulatory Scrutiny, SpaceX Working on Secret Spy Satellite Network for US Intelligence, Putin Wins Russia Election in Landslide with No Serious Competition, and much more. First time reading? Sign up to get this newsletter: Sign up here.  

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.66 Trillion, a 3.87% in the last 24 hours.

• The total crypto market volume over the last 24 hours is $128.7B, which makes a 10.64% decrease.

• The total volume in Defi is currently $11.37B, 8.88% of the total crypto market 24-hours.

• The volume of all stablecoins is now $115.47B, which is 89.79% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 51.90%, an increase of 0.04% over the day.

Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms

As the Federal Reserve prepares to announce its interest rate decision, all eyes are on Bitcoin and how it might react to this pivotal moment in the US economic landscape. Market sentiment suggests that the Fed is unlikely to implement a rate cut, with data from the Chicago Mercantile Exchange indicating a 99% probability of interest rates remaining unchanged. ( Read Deeper )

BUSINESS & FINANCE

Boeing Faces Mounting Challenges Amid Safety Concerns and Regulatory Scrutiny

Boeing, the renowned aerospace giant, finds itself during a turbulent period as it grapples with a series of safety incidents, manufacturing defects, and regulatory scrutiny. Recent events have cast a shadow over Boeing's operations, raising serious questions about its safety standards and corporate culture. In January, an Alaska Airlines 737 Max experienced a mid-air blowout, shedding light on potential flaws in the aircraft's emergency exit doors. While no casualties were reported, the incident triggered concerns about Boeing's adherence to safety protocols.

Takeaway: The foremost concern revolves around passenger safety. Any lapses in manufacturing, design, or maintenance standards can jeopardize the well-being of millions of air travelers worldwide. Addressing these issues is paramount to ensure the integrity and reliability of Boeing's aircraft fleet. ( Read Deeper )

Groq Emerges As Key Player In The AI Chip Market

Groq, a Silicon Valley-based startup specializing in artificial intelligence chips, has captured attention with its innovative approach and significant backing from top investors. With approximately 4,500 chips already deployed, Groq is poised for exponential growth. The company aims to deploy 1.5 million LPUs by the end of next year, demonstrating strong demand for its cutting-edge technology.

Takeaway: As AI technology continues to advance, Groq and similar startups represent potential disruptors in the chip market. Their innovative solutions could reshape the industry, challenging established players like Nvidia and Intel. ( Read Deeper )

TECHNOLOGY & SCIENCE

SpaceX Working on Secret Spy Satellite Network for US Intelligence

SpaceX, Elon Musk's space company, is reportedly developing a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency. SpaceX's Starshield business unit is constructing the network under a $1.8 billion contract signed in 2021 with the National Reconnaissance Office (NRO), which manages spy satellites. The satellites, equipped with Earth-imaging capabilities, will operate in low orbits as a swarm, providing continuous imagery of ground activities almost anywhere on the globe.

Takeaway: This trend raises questions about the extent of private sector involvement in sensitive government projects and the implications for oversight and accountability. ( Read Deeper )

LinkedIn Ventures into Gaming to Enhance User Engagement

LinkedIn, the renowned social networking platform under Microsoft's umbrella, is venturing into a new realm: gaming. Recognized primarily as a hub for professional networking and recruitment, LinkedIn aims to augment user engagement by introducing gaming experiences to its platform, which boasts over 1 billion users worldwide. a LinkedIn spokesperson disclosed that the platform is experimenting with incorporating puzzle-based games to infuse some entertainment, deepen user relationships, and stimulate meaningful conversations.

Why it matters: Gaming has proven to be a highly engaging activity for users across different demographics. By adding puzzle-based games to its platform, LinkedIn seeks to increase user interaction and time spent on the site, potentially driving higher user retention and satisfaction. ( Read Deeper )

AROUND DE WORLD & POLITICS

Putin Wins Russia Election in Landslide with No Serious Competition

In a resounding victory, President Vladimir Putin secured a record post-Soviet landslide in Russia's recent election, further solidifying his enduring dominance over the country's political space. Putin's reelection saw him garnering a staggering 88% of the vote, according to exit polls, marking the highest-ever result in Russia's post-Soviet history.

Takeaway: Despite Putin's victory, opposition movements within Russia continue to challenge his rule. Protests and dissent, inspired by figures like Alexei Navalny, highlight persistent discontent and raise questions about the government's response to internal dissent. ( Read Deeper )

Putin's Expected Election Triumph Overshadowed by Symbolic Protests Across Russia

President Vladimir Putin is poised for a resounding victory in the Russian election on Sunday, tightening his grip on power for another six-year term. Putin, who has been in power since 1999, is on course to become Russia's longest-serving leader in over two centuries, surpassing Josef Stalin's tenure. The election takes place against the backdrop of heightened tensions following Russia's invasion of Ukraine, termed by Putin as a "special military operation."

Why it matters: The protests serve as a poignant reminder of the ongoing struggle for democracy and human rights in Russia, highlighting the enduring importance of civil society in shaping the country's future trajectory. ( Read Deeper )

Ukraine Launches Drone Attacks on Final Day of Russia's Presidential Vote

On the concluding day of Russia's presidential vote, Ukraine launched a barrage of drone attacks, marking a significant escalation in the ongoing conflict. The Russian Defense Ministry reported the downing of 35 Ukrainian drones overnight, with multiple regions, including Moscow, targeted. Among the impacted areas, the Yaroslavl region witnessed some of the farthest-reaching attacks, approximately 800 kilometers from the Ukrainian border.

Takeaway: The attacks have resulted in casualties and damage on both sides, highlighting the human cost of the conflict. Innocent civilians, including a 16-year-old girl, have been killed, and infrastructure, such as refineries, has been damaged. ( Read Deeper )

ENTERTAINMENT & SPORTS

Manchester United 4-3 (AET) Liverpool: Red Devils Secure Thrilling FA Cup Semi-Final Place

Manchester United emerged victorious over Liverpool in an electrifying FA Cup quarter-final clash that left fans on the edge of their seats until the final whistle blew in extra time. The match started with a bang as Manchester United's Scott McTominay found the back of the net in the 10th minute, capitalizing on a rebound from Alejandro Garnacho's shot to give his side an early lead. ( Read Deeper )

'Kung Fu Panda 4' Maintains Box Office Dominance for Second Week

The lovable martial arts master, "Kung Fu Panda," has once again proven his might at the North American box office, with the fourth installment of the animated franchise retaining its top position in its second weekend in theaters. According to studio estimates released on Sunday, "Kung Fu Panda 4" secured an impressive $30 million in ticket sales, solidifying its status as a box office powerhouse. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

• A Beginner's Guide to Investing: Insights from Stig Brodersen. ( Listen )

EXTRA BREVITI

• The White House has issued a fervent call to the Senate, urging lawmakers to expedite the passage of a critical bill aimed at addressing the regulatory oversight of social media platform TikTok. ( Read More )

• As the world navigates through the aftermath of the COVID-19 pandemic, one surprising trend has emerged: a significant uptick in the marriage rate. ( Read More )