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Industry

U.S. Air Force, Space Force seek record budget increase to counter China space attacks

The U.S. military is accelerating efforts to strengthen space capabilities amid assessments that China has already developed and tested technology to attack the United States and its allies in space. U.S. Space Force officials say China operates the world’s largest space force and has sharply expanded its satellite fleet. The Air Force Department is seeking $338.8 billion for the next fiscal year, including $71.1 billion for the Space Force, up 124 percent.

Crypto

Bitcoin fails again to break $80,000 as U.S.-China AI tensions return

Bitcoin traded around the $78,000 level but again failed to break above the key resistance level of $80,000, as renewed tension between the United States and China dented risk appetite in the cryptocurrency market. The White House stepped up its stance on AI, while on-chain indicators pointed to resistance near $76,800. In derivatives, Deribit’s $80,000 call options held the largest share, with a notional value of $1.78 billion.

Crypto

Long-term bitcoin holders lock up coins as short-term holders sell, signaling divergent supply flows

Inflows of 1 bitcoin or more to exchanges have fallen to their lowest level since 2018, tightening spot supply as coins become less liquid, according to a blockchain media report. Binance monthly average deposits of 1 bitcoin or more are about 6,000 bitcoin, down from 15,400 bitcoin in 2021. Short-term holders, however, sent more than 65,000 bitcoin to exchanges in 24 hours as prices tested $75,000, while derivatives data showed rising short positioning.