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Crypto

Galaxy Research says bitcoin bear market has ended, cites four signs of accumulation phase

Galaxy Research said bitcoin’s bear market ended in June and that the market has entered an accumulation phase. It said the current period is attractive for buying and holding, with bitcoin trading around $80,000 when the report was written. The firm cited four factors: improving technical indicators, easing institutional selling pressure, U.S. fiscal strains that could lift inflation pressure, and a shift in investor attention toward assets other than bitcoin.

Crypto

Injective launches perpetual futures linked to Nvidia GPU rental rates

Layer 1 blockchain platform Injective has launched a perpetual futures market that tracks Nvidia GPU rental rates. The product is designed to let traders bet on changes in AI computing costs with up to 10x leverage. The new Super Intelligence Compute Index (SICI) reflects rental rates for five Nvidia GPUs and is updated hourly based on a seven-day average. Traders can use USDC as margin and take both long and short positions.

Telecommunications & Media

iPhone Duo screen repairs can top 1 million won, making AppleCare essential

Apple’s foldable iPhone Duo carries repair costs that can exceed 1 million won for key components, prompting suggestions that AppleCare should be considered before buying a case. Engadget said the $2,000 device’s maintenance costs could influence purchase decisions, with a $999 fee for the 7.6-inch internal display and $1,499 for “other damage.” AppleCare+ costs $20 a month or $200 a year, with lower service fees for subscribers.