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The Central Intelligence Agency (CIA) is undergoing its most significant restructuring in nearly five decades, with a focus on dismantling diversity initiatives and reassessing personnel involved in recruitment efforts.

The move, first reported by The New York Times, follows a broader shift in federal policy, raising concerns about the future of intelligence operations and workforce representation.

The decision has already triggered legal challenges, with a federal court temporarily halting dismissals until a hearing takes place in the Eastern District of Virginia.

While the CIA has seen policy changes with new administrations, mass firings of career officers are uncommon.

The last comparable overhaul occurred in 1977 when CIA Director Stansfield Turner dismissed nearly 200 covert operations officers under President Jimmy Carter.

The latest restructuring suggests a deliberate rollback of diversity-driven hiring and recruitment strategies that gained traction under previous leadership.

CIA shake-up targets recruitment and diversity personnel

The CIA has reportedly begun notifying officers who had been reassigned to recruitment and diversity-related roles during the Biden administration that they must resign or face termination.

The move follows a directive issued by the Trump administration restricting diversity programs across federal agencies.

According to court filings, CIA Director John Ratcliffe has initiated the dismissal of personnel aligned with recruitment strategies that emphasized workforce diversity.

Attorneys representing intelligence officers argue that these dismissals extend beyond policy compliance and may violate employment protections.

Legal representatives claim that at least 51 officers are currently under review, none of whom were originally hired as diversity specialists.

Instead, many were intelligence officers reassigned to recruitment roles due to their expertise in persuasion and intelligence gathering.

The controversy has sparked debates over the CIA’s commitment to maintaining a diverse workforce capable of operating effectively in global intelligence environments.

Federal court intervenes, halting immediate dismissals

The restructuring has not gone unchallenged. A federal court has temporarily paused the dismissals after intelligence officers filed a lawsuit contesting the move.

A hearing scheduled for Monday in the Eastern District of Virginia will determine whether a temporary restraining order remains in effect.

Government attorneys have argued that blocking the dismissals could interfere with the CIA director’s authority over personnel decisions.

They also stated that maintaining the current workforce structure could hinder operational priorities.

The Supreme Court has historically deferred to executive discretion in matters of national security, making the outcome of the legal battle uncertain.

Shift marks departure from prior CIA leadership priorities

Efforts to diversify the intelligence community were a major priority under former CIA Director William J. Burns and former Director of National Intelligence Avril Haines.

These initiatives received congressional support, with bipartisan endorsements recognizing the role of diversity in intelligence operations.

Critics of the dismissals argue that reducing diversity-focused recruitment could undermine the agency’s ability to operate in global intelligence environments that require officers with diverse backgrounds and language skills.

Others believe the shake-up reflects a broader effort to realign the CIA with new national security priorities, shifting focus away from previous workforce policies.

As the legal battle unfolds, the agency faces questions over whether the restructuring will impact intelligence capabilities and recruitment strategies.

With the largest personnel shift since 1977, the CIA’s approach to workforce management could reshape its operations for years to come.

The post CIA to dismantle diversity programs in biggest restructuring since 1977 appeared first on Invezz

A seemingly ordinary lunch between President Donald Trump and a then Japanese politician Shigeru Ishiba this month peeled back the curtain on a bold vision: to reshape Asia’s energy landscape with American natural gas, a vision that has been long overdue.

The conversation quickly gravitated toward how Tokyo could breathe life into a decades-old proposal to unlock Alaska’s gas reserves and ship it to US allies across the Pacific.

Fueling alliances: LNG as a cornerstone of Trump’s Asia strategy

According to two officials privy to the closed-door discussions, Trump and his energy advisor Doug Burgum, framed the venture as an opportunity for Japan to diversify its energy sources away from the Middle East and rectify its trade imbalance with the United States.

Eager to make a positive first impression and sidestep potentially damaging US tariffs, Ishiba struck a note of optimism regarding the $44 billion Alaska LNG project, despite lingering doubts within Tokyo about its economic feasibility.

The officials, who requested anonymity due to the sensitivity of the talks, confirmed that Ishiba expressed hope for Japanese participation in the ambitious project.

While Trump repeatedly touted the project in his public remarks following the lunch, Ishiba remained silent on the matter, and it was conspicuously absent from the official readout of the discussions.

Behind the scenes: a push for US energy dominance

Reuters’ interviews, involving conversations with over a dozen current and former US and Asian officials, unveils the Trump administration’s concerted effort to redefine economic relations with East Asia by forging stronger ties through increased investment in American fossil fuels, with a particular emphasis on LNG.

Reuters revealed that the US sales pitch strategically taps into Asian capitals’ concerns about tariffs and the security of sea lanes vital for their energy imports.

This behind-the-scenes maneuvering and the intricacies of the US approach have not been previously reported.

While the Alaska LNG proposal grapples with cost and logistical hurdles, Japan, South Korea, Taiwan, and other nations are increasingly receptive to the idea of expanding US gas imports.

This shift could not only bolster the US economy but also temper the growing influence of China and Russia in the region.

Japan’s pivotal role: a hub for US LNG distribution

Japan’s participation is vital for Trump’s strategy.

As the world’s second-largest LNG importer, a major investor in energy infrastructure, and a trading hub with a surplus of LNG, Japan could unlock new markets for US gas in Southeast Asia.

“If the Trump administration were to have its way, US LNG would flow in massive quantities to Japan and South Korea and then would flow downstream…so that Southeast Asia would become economically dependent on the United States,” Kenneth Weinstein, Japan chair at Hudson Institute, a conservative think tank, told Reuters.

It’s redrawing the map of energy dependence.

In a joint statement with US Secretary of State Marco Rubio recently, Japanese and South Korean foreign ministers pledged to bolster energy security by “unleashing” America’s “affordable and reliable energy,” particularly LNG, yet they made no mention of Alaska.

White House National Security Spokesman Brian Hughes told Reuters the US “produces some of the cleanest LNG in the world and we believe the Japanese can play an even bigger role in purchasing America’s abundant oil and gas”.

Japan’s foreign ministry declined to comment on the accounts of the Ishiba-Trump meeting.

However, Japanese media reported that Japan’s trade minister intends to visit Washington to seek exemptions from Trump’s tariffs and explore avenues for Japan to purchase more US LNG.

Overcoming obstacles: the Alaska LNG challenge

The concept of constructing an 800-mile pipeline to connect gas fields on Alaska’s North Slope to an export terminal on its Pacific coast has been plagued by high costs and challenging terrain.

Expecting that Trump would bring up a project he has personally championed, Japan was preparing to voice tentative support at the meeting with Ishiba to secure his favor and prevent trade disputes.

The US delegation urged Japan to consider infrastructure investments in Alaska LNG and long-term purchase agreements.

They highlighted the project’s geographical proximity to Japan compared to the Middle East and the fact that shipments would bypass vulnerable chokepoints such as the Straits of Hormuz and Malacca, and the South China Sea.

US Senator Dan Sullivan of Alaska, who was briefed on the discussions, emphasized that increased purchases of US LNG could help Asian allies reduce their dependence on Russian gas.

Sullivan told Reuters that Alaska LNG “was a big part of the discussion” with Ishiba. Sullivan and another official stated that at one point during the meeting, US officials used maps to illustrate the strategic advantages of the Alaska project.

“Having a president who’s forceful and tenacious, spending this much time on this project, I’m sure made an impression on the Japanese,” Sullivan said.

Project developers are actively seeking investment from companies such as Inpex, a Tokyo-listed oil and gas exploration company whose largest shareholder is the Japanese government, sources confirmed.

Inpex declined to comment on “discussions or dealings with specific stakeholders”.

Japan currently sources approximately one-tenth of its LNG from the US, with similar proportions coming from Russia and the Middle East, according to Japan’s finance ministry. Australia accounts for roughly 40%.

Hiroshi Hashimoto, senior analyst at the Institute of Energy Economics, Japan, projects that LNG imports from the US could account for 20% of Japan’s total over the next five to ten years as existing contracts, including those with Russia, expire.

US LNG is primarily shipped to Japan from the Gulf of Mexico via the Panama Canal or past Africa and through the Indian Ocean.

There are currently no LNG export terminals on the US West Coast, which would offer a more direct route to Asia.

However, Sempra’s Costa Azul project in Mexico, supplied by US gas, is expected to commence commercial operations next year.

According to LSEG data, the US shipped 119.8 billion cubic meters of LNG last year, with over a third destined for Asia.

Securing Asian allies through energy ties

Beyond Japan, Trump’s argument for energy security appears to be gaining traction in other parts of Asia, particularly in light of looming trade tariffs.

Indian Prime Minister Narendra Modi made a similar pledge regarding gas in a meeting with Trump.

Taiwan is also considering increasing its purchases of US energy, including LNG from Alaska.

Landon Derentz, who served as a senior US energy official during Trump’s first term, believes that increasing Taiwan’s reliance on US energy could deter China from taking aggressive measures such as naval blockades.

He stated that with US supplies, “in some ways you’re contracting for a security guarantee that the United States is going to be an advocate in the event of a conflict in making sure that supply arrives”.

South Korean officials also confirmed that South Korea is considering investing in Alaskan LNG and other US energy projects.

One official noted that Seoul hopes to gain concessions from Trump in return.

A spokesperson for South Korea’s industry ministry stated that Seoul is exploring avenues to strengthen energy security with the US.

Bill Hagerty, a US senator for Tennessee who served as ambassador to Tokyo in the first Trump administration, expressed his desire for Japan to become the primary distribution hub for US-origin LNG.

He commented that “Whether it’s from Alaska, Louisiana or Texas, America can work very closely with Japan to create the type of energy security bonds that will be great for our nations’ economies and for our national security”.

The post How Trump is using US gas to reshape Asia’s energy ties appeared first on Invezz

India’s retail demand for gold jewelry has been significantly impacted by the surge in gold prices to new all-time highs since the beginning of the year, the World Gold Council said.

Despite record-high prices putting pressure on jewelry demand, interest in gold investment is expected to stay strong, the council said. 

“The financial year-end dynamics, which include statutory payments and tax-saving investments, may curtail discretionary spending, further weighing down demand,” said Kavita Chacko, research head, India, WGC.

So far in 2025, gold prices on COMEX have surged by more than 10%, and have hit a series of record highs. 

On Thursday, the gold price on COMEX had hit a fresh record high of $2,973.40 per ounce. 

“Domestic (India) prices have been rising in parallel with international prices, rising by 14% to a record INR86,831/10g,2 with the higher gains attributed to the weakness in the INR against the USD (1.1% depreciation y-t-d),” Chacko said. 

Our analysis indicates that the upward climb in gold prices can be attributed to a combination of geopolitical risks, growing concerns about inflation, and increased investment flows.

Jewellery demand subdued

India’s retail demand for gold jewelry has been significantly impacted by the surge in gold prices to new all-time highs since the beginning of the year. 

The uncertainty surrounding the Union Budget announcements has also affected buying activity.

Demand fell sharply in January and continued to be weak in February, despite the end of the inauspicious period in the Hindu calendar on January 15 and the typical post-Union Budget increase in demand, according to WGC.

Consumers’ front-loaded purchases in November when prices were lower have resulted in subdued wedding-related purchases.

“Rather than making fresh purchases, many buyers are opting to exchange old gold for new jewelry,” Chacko said. 

“Additionally, as gold prices surged past previous thresholds, many consumers are also taking the opportunity to sell old gold and lock in profits.”

The widening gap between domestic and international gold prices, which has grown from an average of $3 per ounce in December to $23 per ounce currently, reflects the subdued demand environment. 

This has been further exacerbated by a slowdown in jewelry demand, causing retailers to be reluctant to restock due to challenges in meeting manufacturer payment terms. 

This reluctance has created a liquidity crunch within the industry, leaving domestic gold prices trading at a discount to international prices since December.

“Notwithstanding the depressed jewelry demand, investment demand interest (for bars and coins) has stayed the course with investors anticipating further price increases,” Chacko added. 

However, price stability could be a mitigating factor for jewelery demand, which could see an improvement in the new fiscal year starting in April.

Record ETF inflows

The Association of Mutual Funds in India (AMFI) reported that January 2025 saw unprecedented net inflows of 37.5 billion rupees ($435 million) into Indian gold ETFs, indicating a strong start to the year for this investment. 

This figure is significantly higher than the average monthly net inflow of 9.4 billion rupees ($112 million) over the preceding 12 months.

The total holdings of gold ETFs increased by 4.6 tons to 62.4 tons, with assets under management (AUM) growing 15% month-over-month to 51.8 billion rupees ($6 billion). 

Source: WGC

These results closely align with our initial estimates, which were based on the data that was available at the time, WGC said.

“Anecdotal reports suggest that the strong inflows in January can be attributed to investors redirecting free cash flow towards gold ETFs for diversification amid ongoing global and domestic economic and policy uncertainty,” Chacko said. 

The appeal of safe-haven assets like gold has driven investors in India away from the equity markets and into gold ETFs due to the continued weakness of the domestic equity markets.

RBI resumes gold purchases

In January, the Reserve Bank of India resumed purchasing gold, following a pause in December. 

The December pause ended 11 consecutive months of gold purchases by the RBI.

The central bank’s gold reserves reached a new high of 879 tons after it added 2.8 tons of gold in January. 

This suggests that the RBI will likely continue accumulating gold, according to WGC.

Source: WGC

RBI has been increasing its gold reserves, as evidenced by the growth in gold’s share of its forex reserves from 7.7% in January 2024 to 11.31% by early February 2025. 

This reflects the RBI’s diversification strategy away from foreign currency assets, whose share has declined from 88.5% to 85.2% over the same period.

Meanwhile, India’s gold imports in January saw a noteworthy drop owing to high prices leading the pull-back in demand. 

Source: WGC

India’s Ministry of Commerce reported that January’s gold import bill was $2.68 billion. 

This represents a 43% decrease from December, but a 40% increase from January of the previous year. 

The estimated import volume for January was between 30 and 35 tonnes, according to the data.

The post Record-high gold prices keep Indian investors hooked—what’s next? appeared first on Invezz

Solana price has suffered a harsh reversal this month as one of the best layer-2 blockchain came under intense pressure. The SOL token plunged to a low of $160 this week, much lower than the year-to-date high of near $300. Let’s explore some of the best Solana rivals to buy.

Best Solana rivals to buy as SOL price crashes

Solana price has crashed because of the ongoing performance of its ecosystem and the fear that it has become the top blockchain for scams. That’s because Solana has become the most popular blockchain network for meme coin creation, thanks to Pump.fun.

Solana meme coins have become a hotbed of rug pull scams and pump and dump. This happens when creators launch meme coins, pump them, and then sell, leaving many investors at a loss. 

Many prominent people, including Donald Trump and Melania have done that. Just recently, there was a scandal when Javier Milei promoted Libra meme coin and it collapsed. 

The implication of this is that many developers of utility networks may opt for other blockchains. Also, there is a risk that network activity in Solana will crash. Indeed, data shows that the volume in Solana DEX networks dropped by over 30% in the last 7 days. So, here are the best Solana rivals to buy.

Binance Coin (BNB)

Binance Coin, popularly known as BNB is one of the best Solana alternative to buy. That’s because the BSC Chain has become one of the fastest-growing networks in the crypto industry. BSC has over 840 dApps in its ecosystem and a total value locked (TVL) of over $5.58 billion. 

Unlike Solana that releases tokens worth millions of dollars each day, BNB burns them. BNB has a daily token burn associated with its ecosystem and a quarterly one that focuses on block rewards. The latter approach burns tokens worth over $1 billion a quarter.

BNB price is typically not correlated with Bitcoin, and has formed a cup and handle pattern pointing to further gains ahead. 

Read more: BNB price prediction as BSC chain flips Solana and Ethereum

Berachain (BERA)

Berachain is another top Solana rival to consider because of its strong ecosystem growth. It is a popular blockchain that houses numerous features, including HONEY, a fast growing stablecoin. 

Berachain launched its airdrop last week and the BERA token crashed before eventually bouncing back. 

It is a good SOL rival because of its strong ecosystem. It has 32 dApps and a total value locked (TVL) of over $3.18 billion. Its stablecoin market cap has jumped from less than $900 million earlier this week to over $1.12 billion today. 

Therefore, Berachain’s ecosystem growth may help it to become a viable alternative to Solana and other chains later this year.

Sonic (S)

The other potential Solana rival is Sonic, formerly known as Fantom. Sonic price has surged by double digits from its lowest level after its airdrop. 

This surge happened as the Andre Kronje project continued to attract developers. It now has 78 dApps in its ecosystem and a total value locked of $690 million and $144 million in stablecoins.

The biggest dApps in the Sonic ecosystem are Silo Finance, Beets, Avalon Labs, and Shadow Exchange. This trend may continue later this year as more developers join.

Other top SOL rivals to consider

There are many other SOL rivals to consider. The most notable ones are Sui, Arbitrum, Aptos, Tron, and Hyperliqid. Hyperliquid (HYPE) has become the biggest player in the perpetual futures industry. 

Arbitrum is the second-biggest layer-2 network in the industry after Base. Tron is the most profitable players in the blockchain industry. 

The post SOL price nears a death cross: best 3 Solana rivals to 10x gains appeared first on Invezz

The USD/JPY exchange rate remained under pressure on Friday after Japan released the latest consumer inflation data. It rose slightly to 150.55 on Friday morning, a few points above this month’s low of 149.3. So, what next for the Japanese yen?

Japan inflation and PMI data

The USD/JPY exchange rate rose slightly after the latest Japanese inflation numbers raised the odds of higher Bank of Japan (BoJ) hikes.

According to the statistics agency, the headline consumer price index (CPI) rose from 3.6% in December to 4.0% in January, the highest point in years.

Core inflation, which excludes the volatile food and energy prices, rose from 3.0% in December to 3.2% in January, beating the median estimate of 3.1%.

These numbers mean that Japan’s inflation is rising at a faster pace than expected, which may put the BoJ to embrace more hawkish view.

More data showed that Japan’s economy was improving as the flash services PMI rose from 53 to 53.1 and the manufacturing figure rose from 48.7 to 48.9. While the manufacturing PMI figure was lower than estimates, it is a sign that it is making improvements.

BoJ interest rate hikes

The latest Japan inflation and PMI data is a sign that the BoJ may maintain its higher interest rate policy for longer. 

The bank has been highly hawkish this year as it boosted interest rates by 0.25% in the last meeting. It did that because inflation was much higher than expectations and that the economy was doing relatively well.

The hawkish BoJ explains why the USD/JPY exchange rate has pulled back in the past few weeks. It has dropped from 158 earlier this year to sub-150 onn Thursday.

A currency gains when interest rates rise because they incentivize investors to move to local government bonds. In Japan’s case, the 10-year Japan Government Bond yield has moved from the negative zone to 1.4%. 

A key concern for the Japanese economy is the potential tariffs by Donald Trump. He has already signaled that steel and aluminum tariffs will start in March and that more were coming.

Hawkish Federal Reserve

The USD/JPY exchange rate’s sell-off has been offset by the hawkish Federal Reserve and the strong US inflation data.

Minutes released this week showed that most officials supported the decision to pause interest rate cuts. These officials worried that Donald Trump’s tariffs would affect the US economy substantially by stimulating inflation. 

The minutes were notable because the meeting happened before the US published the latest inflation data. According to the Bureau of Labor Statistics (BLS), the headline consumer price index (CPI) rose from 2.9% in December to 3.0% in January, while the core CPI rose from 3.2% to 3.3%.

Therefore, the USD/JPY crash has been moderated because some analysts expect the Fed to either maintain rates steady. Other analysts see the bank hiking interest rates by 0.25% later this year.

USD/JPY forecast

USDJPY chart by TradingView

The daily chart shows that the USD/JPY pair has been in a steady downward trend after peaking at 158 earlier this year. This decline was in line with our previous USDJPY forecast.It briefly moved below the key support at 150 on Thursday and then crawled back after the Japan inflation and manufacturing data. 

The pair has slipped below the 50-day and 200-dat Exponential Moving Averages (EMA), a sign that bears are in control. Further data shows that the Relative Strength Index (RSI) and the MACD indicators have pointed downwards.

Therefore, the pair will likely continue falling as sellers target the key support at 145. A crash below 145 will point to further USD to JPY drop to the important support level at 139.50. The bearish view will become invalid if the USD/JPY pair moves above the 200-day EMA level at 152.

The post USD/JPY prediction after strong Japan inflation data appeared first on Invezz

Pi Network price initially jumped after the mainnet launch on Thursday, and then erased all those gains. Pi, the popular tap-to-earn token, was trading at $0.7290 on Friday morning, much lower than Thursday’s high of $2. So, what next for the Pi coin price in the coming years?

Pi Network mainnet launch

Pi, one of the most popular players in the crypto industry, launched its mainnet on Thursday. 

The mainnet launch happened after six years when the network remained under development and the pioneers mined millions of tokens. It remained in an enclosed mainnet for over three years.

Therefore, the Pi Network mainnet launch was notable because it allowed these pioneers to cash out and true believers to hold the token. 

The mainnet launch was well-received as many mainstream exchanges decided to list it on the first day. According to CoinMarketCap, most of the Pi Network volume happened on Gate.io, followed by Bitget and OKX. 

Popular American exchanges like Coinbase, Gemini, and Kraken are yet to list it. Binance, on the other hand, is set to list the Pi coin next week after users overwhelmingly voted to allow it to be listed in the network.

Pi Network has become one of the biggest cryptocurrencies in the industry. It has a market cap of over $4.2 billion and a fully diluted valuation of  $66 billion. That FDV would make it the sixth-biggest player in the sector.

Why Pi coin price crashed

There are three main reasons why the Pi coin price crashed after the mainnet launch on Thursday.

First, Pi coin plunged because many pioneers decided to sell their holdings as soon as it was humanly possible. Historically, many holders of similar tokens tend to sell when the airdrop happens. Most recently, it has happened among popular tap-to-earn tokens like Hamster Kombat, Tapswap, and Catizen. 

The urgency to sell was more intense since many Pi Network pioneers have been disappointed with the project, especially because of its mainnet launch delays. This also explains why only about 10.1 million pioneers migrated their tokens to the mainnet, a big drop from the 50 million pioneers it had at its top. 

Second, the Pi coin price crashed because many pioneers have seen other popular new airdrops crash. All popular “to earn” tokens have crashed over the years. This includes play-to-earn tokens like Axie Infinity (AXS), Decentraland (MANA), and Gala Games (GALA).

It also includes other tap-to-earn tokens like Hamster Kombat, Tapswap, Catizen, DOGS, and Notcoin. Move-to-earn tokens like Sweat Economy and StepN have also plunged.

Third, the Pi Network price plunged because of the ongoing crypto bear market. The crypto fear and greed index has moved to the fear zone as most cryptocurrency prices have crashed. Therefore, there are usually high odds that a cryptocurrency will crash if it is launched during a crypto bear market.

Pi Network price forecast 2025 to 2026

So, what next for the Pi Network price in 2025 and 2030? There are two prominent schools of thought about this. One camp argues that Pi Network is the next Bitcoin because of its popularity. It predicts that the Pi price will eventually surge from the current $0.6693 to over $100,000 over time.

The other camp argues that the Pi Network price will crash over time now that the incentive to mine it has ended. 

I believe that the Pi Network outlook for between 2025 and 2030 is bearish because of the past performance of other “to earn” tokens. Pi team argues that the ecosystem growth will help to offset this. However, the risk is tha this much-touted ecosystem growth will not happen after all. This is in line with our last Pi forecast.

The post Pi Network price prediction for 2025 to 2026: Is Pi coin a buy? appeared first on Invezz

Terra Luna Classic price remains under pressure this year even as the token burn momentum gains steam. The LUNC token was trading at $0.00007615 on Friday morning, down by 60% from its highest level in 2024 and 75% from its all-time high. So, is the Terra Classic a good token to buy and hold?

Terra Luna Classic price crashes amid token burns

The LUNC price has plunged in the past few months even as the network continued to burn billions of tokens. According to LUNC Metrics, the network has incinerated 314,131,759 tokens in the last seven days. 

This burn has brought the cumulative token burns to over 403 billion, leaving the circulating supply to 6.5 trillion tokens. 

Binance, the biggest player in the crypto exchange industry, has led the charge of these burns, incinerating over 70 billion tokens. DFLUNC Protocol has incinerated over 4.5 billion tokens, while LunaticsToken has burned over 1.9 billion coins.These tokens will continue growing in the next few years. 

A token burn is a situation where a cryptocurrency is dumped into an inaccessible address. It helps to boost a token value by making the remaining ones scarce and boosting their prices. 

Why LUNC has crashed

There are two main reasons why the Terra Luna Classic price has crashed as the token burn has accelerated. First, LUNC price has plunged because of the relatively weak demand for the coin. 

Many crypto investors are afraid of being associated with Terra Luna Classic because of its sad history. For starters, Terra was once one of the biggest players in the crypto industry with a market cap of over $45 billion in assets. 

Most of these assets were linked to UST, a stablecoin that gave users double-digit returns algorithmically. Terra collapsed when the stablecoin lost its peg in 2022. After that, the community took over the Terra Luna Classic coin and aimed to create a viable ecosystem from it. Do Kwon and his team went ahead and created Terra 2.0.

Therefore, while LUNC is controlled by the community, many users are often afraid of associating with it. 

Second, LUNC token has plunged because of the ongoing weakness in the crypto industry. Bitcoin price has crashed from $109,200 to $95,000. Most coins, including Ethereum, Solana, and Cardano have all plunged this year. Historically, cryptocurrencies often move in sync with each other. 

Third, the Terra Luna Classic price has dived because of the lack of an ecosystem in the network. When the community took over, they pledged to build applications on top of it, which has not happened yet. The multiple Terra Classic upgrades have not helped.

LUNC price forecast

Terra Luna Classic chart by TradingView

The weekly chart shows that the LUNC price has been under pressure after peaking at $0.00076 in 2022. It has now plunged below $0.00010, and is at a crucial support level since it has failed to move below it several times since 2023.

LUNC price has crashed below all moving averages, a sign that bears are in control. It is now at a decisive level since a crash or a surge can happen here.

The horizontal line at $0.000054 can be seen as a quadruple bottom, a popular bullish catalyst. In most periods, such a level is usually a highly bullish in technical analysis, and is a sign that it may soon surge to the resistance level at $0.0001792.

On the other hand, that price maybe the lower side of the descending triangle pattern, a popular bearish sign. A move below the horizontal line will point to more downside in the near term.

The post LUNC price crash: why Terra Luna Classic is sending mixed signals appeared first on Invezz

Meta executives are set to receive significantly larger bonuses this year, even as the company implements layoffs affecting 5% of its workforce.

According to a corporate filing on Thursday, Meta’s board approved an increase in the target bonus percentage for its executive compensation plan.

Under the new structure, top executives can earn up to 200% of their base salary in bonuses, a sharp rise from the previous 75%. However, the changes do not apply to CEO Mark Zuckerberg.

The decision, approved by Meta’s board compensation committee on February 13, was justified by the company’s assessment that its executive pay was lagging behind industry peers.

The filing stated that before the adjustment, Meta’s executive compensation was at or below the 15th percentile compared to similar roles at competing firms.

Following the increase, executive pay now aligns with the 50th percentile of peer companies.

The announcement comes just a week after Meta began cutting 5% of its workforce, a move the company had attributed to the performance of lower-ranked employees.

Additionally, thousands of Meta employees will see their stock option distributions shrink by about 10%, according to a report from the Financial Times.

The reduction in stock options will vary based on job roles and geographic location.

Despite the workforce reductions, Meta’s stock has surged over 47% in the past year, closing at $694.84 on Thursday.

The rise reflects strong investor confidence in the company’s growing dominance in digital advertising and its potential to capitalize on artificial intelligence investments.

Meta reported a 21% year-over-year increase in fourth-quarter revenue, reaching $48.39 billion.

The company’s continued financial strength has allowed it to adjust executive compensation to remain competitive, even as it trims employee stock rewards and reduces headcount.

The post Meta executives eligible for 200% salary bonus under new pay structure appeared first on Invezz

Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).

Maker price forecast

Maker’s MKR was one of the best-performing cryptocurrencies this week as it jumped to $1,400, its highest level since January 8. It has soared by 81% from the lowest level this year.

Maker’s MKR token surged as on-chain data pointed to more accumulation by whales and as its fees surged. It has also thrived as data shows that the ecosystem continued seeing demand among investors. According to its website, it now has over 613,000 users and over $17 billion in total value locked (TVL). These users are receiving over 8% annually.

The Maker token price has done well in the past few weeks. This rebound happened after the token bottomed at $800 earlier this month, forming a double-bottom pattern. A double-bottom is a situation where an asset forms two down-peaks and has a neckline, which in this case, is at $2,427. 

Maker price has moved above the 50-day moving average, a sign that bulls are now in control. It has moved above the weak, stop & reverse point of the Murrey Math Lines tool. Therefore, the coin will likely keep soaring as bulls target the next key resistance point at $2,000, which is at the major S/R pivot point. A drop below $1,000 will point to more downside.

MKR chart by TradingView

Pyth Network price prediction

Pyth Network is the biggest oracle network on the Solana ecosystem. Its token jumped this week after Coinbase launched perpetual futures. It also jumped after Grayscale launched the Pyth Trust, a move that will give it access to more institutional investors. 

The daily chart shows that the PYTH token price bottomed at $0.1697 this week, its lowest point since December 18. It was about 70% below the highest level in December last year.

Pyth price has also formed a double-bottom pattern whose neckline is at $0.5540. Therefore, there is a possibility that the token will bounce back as bulls target the key resistance at $0.50.

However, there is also a risk that the PYTH price will continue its downward trend. It has formed an inverse cup and handle pattern, a popular continuation sign. PYTH has also formed a bearish flag pattern. Therefore, the Pyth coin price may continue falling as sellers target the next point at $0.10.

PYTH chart by TradingView

Alchemy Pay price analysis

Alchemy Pay, one of the top players in the on-ramp industry, was one of the best-performing coins in the market. This surge happened as investors watched the Consensus event in Hong Kong, where it was one of the top sponsors. It also rallied after the company received a money transfer license in Australia. 

Alchemy Pay price has done well in the past few weeks as it soared above the 50-day and 100-day moving averages. It also retested the key resistance level at $0.40, the highest swing in December last year. 

ACH price has moved to the major S/R pivot point of the Murrey Math Lines and has formed a cup and handle pattern. Therefore, the outlook is bullish, with the next point to watch being at $0.50, up by about 40% above the current level.

ACH chart by TradingView

The other top-performing cryptocurrencies this week were Story (IP), Sonic (S), Berachain, Mantra, Bittensor, and Celestia.

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Alibaba shares soared in Hong Kong on Friday, climbing as much as 11% after the Chinese tech giant reported robust quarterly earnings.

The strong performance was driven by growth in its cloud intelligence and e-commerce segments, signaling a broader recovery in China’s digital economy.

The stock was last trading 9.18% higher, reflecting investor confidence in Alibaba’s renewed momentum.

Analysts at Nomura highlighted that the company’s e-commerce business is expected to remain strong through the first half of 2025, supported by ongoing trade-in subsidies.

Last July, China allocated 300 billion yuan ($41.5 billion) in special government bonds to stimulate consumer spending and upgrade equipment, further aiding the sector’s recovery.

China’s tech rebound and Alibaba’s AI push

The surge in Alibaba’s stock also comes amid renewed optimism for China’s tech sector.

AI startup DeepSeek has recently drawn attention by positioning itself as a competitor to US tech firms with its R1 model, which claims superior performance at lower costs.

This has fueled bullish sentiment in the broader Chinese technology landscape.

Alibaba has also made significant strides in artificial intelligence, with Barclays noting that its AI cloud business is expanding rapidly.

The company’s flagship AI model, Qwen 2.5-Max, has driven a sharp increase in demand for AI inference services, which now account for up to 70% of new cloud demand.

Barclays analysts project that Alibaba’s AI and cloud infrastructure investment over the next three years will surpass its total spending of the last decade—estimated at nearly 270 billion yuan, CNBC reported.

Jack Ma re-emerges amid regulatory shifts

Adding to the positive sentiment, Alibaba founder Jack Ma made a rare public appearance earlier this week.

Ma participated in a private meeting with Chinese President Xi Jinping, where Xi encouraged private enterprises to innovate and contribute to economic growth in what he called a “new era” for business operations in China.

Alibaba has faced intense regulatory scrutiny since 2020, when Beijing forced its financial affiliate, Ant Group, to cancel its record-breaking initial public offering. However, the latest government signals suggest a more supportive stance toward the private sector, potentially paving the way for Alibaba’s continued expansion.

Alibaba reported a net income of 48.95 billion yuan ($6.72 billion) for the quarter ending December 31, significantly surpassing analyst estimates of 40.6 billion yuan. This represents more than a threefold increase from the 14.4 billion yuan recorded in the same period last year.

The company’s revenue also beat expectations, reaching 280.15 billion yuan, slightly above analyst projections of 279.34 billion yuan. The strong earnings prompted a surge in Alibaba’s U.S.-listed shares, which jumped more than 8% on Thursday.

With solid financials, a recovering e-commerce market, and growing investments in AI and cloud computing, Alibaba appears poised for further growth. Investor confidence is strengthening as the company navigates a shifting regulatory landscape and capitalizes on new opportunities in China’s digital economy.

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