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Tag: Sudden
Sudden Fed ‘Financial Crisis’ Fear Sparks Huge Bitcoin And Crypto Price Crash Prediction
Bitcoin and crypto prices have moved sharply lower, diving along with a stock market sell-off sparked by the surging popularity of China-based artificial intelligence app DeepSeek.
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The bitcoin price has dropped under $100,000 per bitcoin, down from an all-time high of almost $110,000 ahead of U.S. president Donald Trump’s inauguration (despite the chief executive of major bitcoin and crypto exchange Coinbase predicting when the bitcoin price could flip gold’s $18 trillion).
Now, as BlackRock’s Larry Fink reveals his discussions with sovereign wealth funds about buying bitcoin, closely-watched crypto trader Arthur Hayes has warned of a looming “financial crisis” that he expects to unleash fresh Federal Reserve stimulus measures.
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Federal Reserve chair Jerome Powell has been warned of a looming “financial crisis” that could crash … [+]
“I am calling for a $70,000 to $75,000 correction in bitcoin [and] a mini financial crisis,” Hayes, a cofounder of bitcoin and crypto derivatives pioneer BitMex who went on to set up the Maelstrom investment fund, posted to X.
Bitcoin rocketed past $70,000 on the back of Donald Trump’s November election victory as traders bet Trump will spur the growth of bitcoin and crypto.
Last week, Trump followed through on his campaign promises to make overhauling crypto policy one of his administration’s priorities, ordering the creation of a bitcoin and cryptocurrency working group tasked with proposing new regulations and exploring the creation of a national cryptocurrency stockpile.
The bitcoin price is closely correlated to the U.S. stock market, with bitcoin and crypto trading in line with high-growth tech stocks that have surged due to the rush into artificial intelligence since 2022 but now look at risk as DeepSeek achieves performance similar OpenAI’s models with fewer chip requirements.
“Risk-off is the theme as DeepSeek scares investors,” market analyst Adam Kobeissi posted to X, pointing to the crypto and bitcoin price sell-off that’s seen ethereum rival solana drop 10%.
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The bitcoin price has surged to an all-time high this year, though fears have emerged a bitcoin … [+]
“Nasdaq 100 futures are now down -330 points since the market opened just hours ago as DeepSeek takes #1 on the App Store. This is how you know DeepSeek has become a major threat to U.S. large cap tech,” Kobeissi’s market advisory service account posted.
This week, the Federal Reserve is widely expected to leave interest rates on hold when it meets for its first policy meeting since Trump assumed office on Wednesday, though Trump has said he wants the Fed to bring interest rates down.
“With oil prices going down, I’ll demand that interest rates drop immediately, and likewise they should be dropping all over the world,” Trump told World Economic Forum attendees last week.
However, Hayes said he believes the Fed will resume “money printing that will send [the bitcoin price] to $250,000 by the end of the year.”
U.S. debt has soared over recent years, topping $34 trillion at the beginning of 2024, with Covid and lockdown stimulus measures contributing to massive government spending and helping to send inflation spiraling out of control in 2022.
Inflation of over 10% forced the Federal Reserve to hike interest rates at a historical clip, pushing up debt interest payments and fueling fears of a “death spiral.”
The recent fear of a sudden financial crisis from the Federal Reserve has sparked a huge prediction of a Bitcoin and cryptocurrency price crash. Investors are on edge as concerns over the stability of the global economy grow, leading to a potential sell-off of digital assets.Many analysts are warning of a possible collapse in the value of Bitcoin and other cryptocurrencies if the Fed takes drastic measures to combat inflation or economic uncertainty. The uncertainty surrounding the Fed’s next moves has sent shockwaves through the market, causing many to question the future of digital assets.
While some believe that Bitcoin may serve as a safe haven in times of economic turmoil, others fear that a financial crisis could lead to a mass exodus from the cryptocurrency market. As the situation unfolds, investors are advised to tread carefully and stay informed on the latest developments in the financial world.
It remains to be seen how the Fed’s actions will impact Bitcoin and other cryptocurrencies, but one thing is certain – the market is in for a bumpy ride in the coming weeks. Stay tuned for more updates on this developing story.
Tags:
- Fed financial crisis
- Bitcoin price crash prediction
- Crypto market crash
- Sudden market fear
- Fed economic turmoil
- Bitcoin price prediction
- Crypto market volatility
- Financial crisis warning
- Fed policy impact
- Bitcoin market analysis
#Sudden #Fed #Financial #Crisis #Fear #Sparks #Huge #Bitcoin #Crypto #Price #Crash #Prediction
Inside United Airlines flight carnage as six hospitalised due to sudden jolt before emergency landing
Six people were taken to hospital, and many more were injured after a United Airlines flight from Lagos heading to Washington D.C. experienced a sudden in-flight movement.
The United States has opened a probe into the unexpected movement, as the cause is still unknown.
The US National Transportation Safety Board (NTSB) said on Monday it is investigating the flight that left Lagos, Nigeria in the early hours of Friday morning for what is usually a six-hour flight to Washington Dulles International Airport in Virginia.
The NTSB said the incident on United Flight 613 occurred as the Boeing 787 was flying in Ivory Coast airspace, whose authorities have delegated the investigation to the NTSB, Reuters reports.
Data from FlightRadar shows the flight leaving Murtala Muhammed International Airport in Lagos at 19 minutes past midnight, and approximately an hour and a half into the flight the plane makes a U-turn over the Ivory Coast and heads back to Nigeria.
The flight then made an emergency landing back in its departure airport in Lagos around three hours after it took off.
Footage on social media shows meal plates and personal items flung onto the floor in the aisle, while passengers can be heard shouting and sounding distressed.
United said in a statement the plane experienced a “technical issue and an unexpected aircraft movement”.
The airline added the plane landed safely in Lagos, where four passengers and two flight attendants were seen in hospital for injuries they sustained, and have since been released.
While the airline described the injuries as “minor”, the Federal Airports Authority of Nigeria (Faan) said the injuries sustained by the six were “serious”. They also added that an additional 27 passengers and five crew members also had minor injuries.
It is unclear what caused the sudden jolt to the plane. United said it was not severe turbulence and that it is “working with aviation authorities in the US and Nigeria to understand the cause”, according to CNN.
The flight was carrying 245 passengers, eight flight attendants and three pilots at the time of the incident.
Faan said that aerodrome rescue and fire fighting services, as well as medical and security personnel, were already at the gate waiting for the plane’s arrival after the pilot reported distress at 1.20am.
It added that the passengers who did not need to be seen in hospital received first aid and were discharged immediately, while some passengers were also taken to a hotel.
The aircraft itself did not sustain any major damage, Faan said.
The Independent has contacted United for comment.
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On a recent United Airlines flight from New York to Los Angeles, chaos erupted as the plane suddenly jolted, causing six passengers to be hospitalized. The frightening incident forced the pilot to make an emergency landing, leaving passengers shaken and in disbelief.Eyewitnesses described the terrifying moment when the plane experienced severe turbulence, sending passengers and belongings flying through the cabin. Some passengers were seen clutching their seats in fear, while others screamed for help as the plane shook violently.
Emergency medical personnel rushed to the scene as the pilot quickly diverted the flight to the nearest airport for an emergency landing. Upon landing, six passengers were taken to the hospital for treatment of their injuries, which ranged from minor cuts and bruises to more serious injuries.
United Airlines has issued a statement expressing their concern for the well-being of the passengers and their families. The airline is working closely with authorities to investigate the cause of the sudden jolt and ensure the safety of future flights.
As the investigation continues, passengers on the flight are left to grapple with the traumatic experience and the uncertainty of what caused the sudden turbulence. United Airlines has offered their full support to those affected and is working to provide assistance to those in need.
This harrowing experience serves as a reminder of the unpredictable nature of air travel and the importance of safety precautions. As passengers await more information on the incident, they are left to reflect on the fragility of life and the importance of cherishing every moment.
Tags:
- United Airlines flight incident
- Emergency landing news
- United Airlines flight jolt
- Hospitalised passengers
- Flight carnage update
- United Airlines emergency situation
- In-flight emergency news
- Passenger injuries on United Airlines
- United Airlines flight disruption
- United Airlines emergency landing incident
#United #Airlines #flight #carnage #hospitalised #due #sudden #jolt #emergency #landing
Kings Players React To Sudden Coaching Change
Interim Kings coach Doug Christie stressed the need for unity as he addressed the team following Friday’s surprise firing of Mike Brown, writes Dave McMenamin of ESPN. Christie, who served as an assistant to Brown, will be in charge of trying to salvage a season that is spiraling out of control after an 0-5 homestand. Sacramento is 12th in West at 13-18 and needs a quick turnaround to climb back into the playoff race.
Christie spoke to his players before their flight departed Friday for tonight’s game against the Lakers and again at this morning’s shootaround, according to McMenamin.
“To come out and stick together, fight and just be us, be who we are and turn this thing around,” Domantas Sabonis said in sharing his new head coach’s message.
Malik Monk said “all the vibes were high” at the shootaround, as the team feels a renewed energy from the sudden coaching change. Sabonis exhibited that by arranging for his own travel to Los Angeles. He was considered questionable to play because of an illness that forced him to miss Thursday’s game, but he wanted to be there to display his commitment to Christie.
“I got here and went right onto the court,” Sabonis said. “We’re all focused on winning the game. But we obviously know we haven’t been performing at our best. And we have to do a better job. Me, as one of the leaders of the team, I got to make sure that that happens. We got to win all the games that we can.”
Brown appeared to have a long future in Sacramento after leading the team to the playoffs in 2023 and narrowly missing another playoff appearance in last season’s play-in tournament. He was rewarded with an offseason extension that runs through 2026/27 and gives him an extra $20MM in guaranteed money, but management quickly lost patience with the slow start. The offseason addition of DeMar DeRozan hasn’t work out as planned, and there was skepticism that the Kings could move up the standings with Brown in charge.
Sabonis and Monk expressed shock over the sudden move, while De’Aaron Fox told McMenamin that he was notified “a minute before everybody else.” Fox also pondered the players’ role in the coaching change when he was asked if he felt any “pressure or guilt” over Brown’s fate.
“Any pressure or guilt? I mean, obviously we all know the job that we have,” Fox responded. “You can be traded at any point. Released. Cut. Fired. Whatever it may be. I mean, I wouldn’t use the word ‘guilt.’ But that’s the nature of the job that we have. But I mean, obviously him signing his extension this summer, we felt like we would be together a whole lot longer but that’s the decision that they made. But at the end of the day, too, he’s still being paid. A great part of being an NBA player, being an NBA coach, is those things can happen, but these contracts are guaranteed.”
Although Brown’s dismissal seemed to come out of nowhere, there were already rumors about “waning confidence” from ownership even before he was given the extension, Jake Fischer states in his latest Substack story. Sources tell Fischer there were “internal disagreements” regarding the team’s starting lineup and the tradeoff in playing time between Keon Ellis and Kevin Huerter.
Fischer reported in 2022 that Mark Jackson was the preferred candidate of owner Vivek Ranadive before Brown was hired. Jackson was head coach of the Warriors when Ranadive became a minority owner of that team, and several NBA sources have told Fischer that Ranadive seems to prefer having a former player in that role. That may explain why Christie was chosen to run the team, although it’s not clear if there’s any commitment to him beyond the end of the season.
The Sacramento Kings shocked their players and fans alike with the sudden announcement of a coaching change. The team’s head coach was let go unexpectedly, leaving the players to react to the news.Some players expressed surprise and confusion at the sudden change, while others remained optimistic about the future under new leadership. One player said, “It’s definitely a shock to all of us, but we have to trust the front office’s decision and move forward as a team.”
Another player added, “Change can be tough, but it’s also an opportunity for growth. We have to stay focused and continue to work hard to improve as a team.”
Overall, the Kings players are determined to stay positive and adapt to the new coaching staff in order to push forward and achieve success on the court. Only time will tell how this sudden change will impact the team’s performance, but one thing is for sure – the Kings players are ready to embrace the challenge head-on.
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- Kings Players
- Coaching Change
- Sacramento Kings
- NBA Players
- Basketball
- Sports News
- Player Reactions
- Coaching Update
- Team Dynamics
- Sacramento Basketball
- Player Interviews
- Professional Sports
- NBA Coaching Changes
- Kings Team News
#Kings #Players #React #Sudden #Coaching #Change
China Stuns With Heavy Stealth Tactical Jet’s Sudden Appearance
In something of a stunning development, China appears to already be flying a stealthy, high-performance sixth-generation crewed combat aircraft, imagery of which began to emerge today. At this early stage, we have very little idea about the precise identity of the new aircraft, but many elements of its design are very much in line with what we already knew about Chinese sixth-generation airpower aspirations.
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Video and photos that began to circulate today on social media show the previously unseen aircraft conducting a daytime test flight, alongside a two-seat Chengdu J-20S fighter, serving as a chase plane. The locations and the dates of the various imagery cannot be verified at this stage, although the presence of the J-20 suggests that the Chengdu Aircraft Corporation (CAC) factory airfield is a likely candidate.
The new Chinese combat aircraft accompanied by a J-20S chase plane. via X
via X
There has also been no official comment from the Chinese Ministry of Defense or state media so far.
Aside from the sheer size of the new aircraft, which we will address in a moment, the most striking thing about it is its planform and tailless configuration. It has a modified delta wing with chine lines extending all the way to the nose area, while its central fuselage section, at least the bottom of it, is loosely reminiscent of the J-20. The broad nose could even provide space for side-by-side crew seating, although the limited views of the canopy mean we cannot be sure whether the aircraft has a single-seat or two-seat arrangement, with tandem twin seats being another option.
via X
via X
via X
There was already growing evidence pointing to the fact that China’s next fighter would be tailless, and designs of this kind had previously appeared in the form of technical studies. Back in October 2021, a mysterious tailless aircraft shape appeared in satellite images of a CAC factory airfield. It was a large modified-diamond-like delta planform with a relatively thin nose section that also had a significant wingspan — broadly similar to that of a J-20. But it’s worth noting that this shape does not look the same as the aircraft we are seeing.
Beyond that, next-generation tactical combat aircraft eschewing traditional tails is a major design driver being pursued the U.S. military, as well. This is predominantly to significantly reduce the aircraft’s radar signature across multiple bands and from all aspects. There are some aerodynamic efficiencies also to be had with such a design, especially one used for long-range operations via a reduction in aerodynamic drag, which should provide better performance for sustained high-speed dashes and cruising flight. At the same time, a tailless configuration can adversely affect overall maneuverability, even with the most advanced computerized flight control systems. There are currently no signs of thrust-vectoring engines on this aircraft, which would help enhance agility and overall stability. The engine exhausts are mounted in the best place to mask the aircraft’s infrared signature, atop the rear of its fuselage, similar to the YF-23.
The diamond-shaped tailless vehicle seen in a satellite image of the CAC factory airfield in October 2021. PHOTO © 2021 PLANET LABS INC. ALL RIGHTS RESERVED. REPRINTED BY PERMISSION
While a tailless configuration, size, general shaping, and exhaust layout point directly toward a design tailored for stealth and endurance, it’s not entirely clear the exact level of enhanced low observability this new aircraft might offer. Just deleting the tail surfaces and strakes and providing a more general aerodynamic clean-up, while leveraging the same now nearly 15-year-old technology found on the the J-20, for example, would still be a massive improvement. Clearly, this aircraft incorporates significantly greater low observable technologies that are a leap ahead of the J-20, beyond its tailless design.
Also notable is the elaborate arrangement of control surfaces coupled with the tailless design, with five trailing edge control surfaces per wing. These include prominent split flaps close to the wingtips. These would be used differentially to provide yaw control in the absence of tail control surfaces, as well as deploying simultaneously to serve as air brakes.
via X
In terms of size, the new aircraft can be compared to the J-20 — the imagery suggests it is at least as long. The J-20 is close to 70 feet from nose to tail. In this regard, this design’s twin-wheel main landing gear is also worth noting, providing another pointer to the considerable weight of the aircraft. Above all, its large size would seem to reflect an overarching concern with long endurance with comparatively massive internal volume to accommodate a very large fuel load, as well as weapons and sensors.
A J-20 stealth fighter. Photo by Wang Jingtian/VCG via Getty Images A J-20 stealth fighter rehearses for the 2023 Changchun Air Show in July 2023 in Changchun, Jilin Province of China. Photo by Wang Jingtian/VCG via Getty Images
Maybe the aircraft’s most unusual feature is its air intake arrangement. It appears to have an air intake on top of the fuselage, as well as twin intakes on either side of the lower fuselage. This has already led to speculation that the aircraft may have a highly unorthodox three-engine arrangement. Unconfirmed rumors point to a powerplant comprising three domestically produced WS-10C turbofans, as used in the J-20. Considering the aircraft’s higher gross weight than the J-20, three engines may be necessary in order to meet aggressive performance goals, especially for sustained high-speed flight and operations at high altitudes.
That China has been working on a sixth-generation combat aircraft program is also no surprise.
Back in September 2022, now-retired Air Force Gen. Mark D. Kelly, who was then the head of Air Combat Command (ACC), said that China was working on the same kind of air combat ‘system of systems’ that his service was pursuing under its Next Generation Air Dominance (NGAD) initiative, including a sixth-generation manned fighter jet.
At the time, Kelly noted that China saw sixth-generation air power, including future manned fighter aircraft, “greatly the way we see it: an exponential reduction in signature, exponential acceleration of processing power and sensing.” Another key factor would be the ability to “iterate” improvements aided by open mission systems, Kelly added.
via X
via X
Regarding a potential successor to the J-20, Gen. Kelly warned that China “are not dummies. They know what they’re doing.”
Kelly also said he expected the Chinese sixth-generation air combat program to include an “exponential” improvement in stealth compared with current platforms.
At this early stage, it’s far from clear whether the new aircraft is a prototype sixth-generation fighter, or perhaps a more generalized demonstrator that will test new technologies that could potentially end up on a variety of different platforms, including a large tactical aircraft much like it. It seems almost certain that China, for some time now, has been engaged in preliminary testing of different manned fighter configurations. This development work may also include demonstrators, both sub-scale and full-size, and the new aircraft may well be related to it.
via X
The aircraft could also be related to a new regional stealth bomber aircraft, which could potentially be a crewed component tied to the broader Chinese sixth-generation airpower initiative.
The regional bomber program, known as JH-XX, remains very secretive, but you can read more about what is known about that project here. Previously, it was thought that the Shenyang Aircraft Corporation might be working on the JH-XX, in which case a J-20 chase plane, from the rival Chengdu, would seem less likely.
More likely, at least at this time, this aircraft could be more closely tied to China’s version of America’s Next Generation Air Dominance initiative, which aimed to develop a similar manned heavy ‘fighter’-like aircraft that would work just as much as a command and control node for drones as a classic fighter. Range, sustained speed in cruise, weapons payload, and low observability are all thought to be top priorities of the manned fighter component of NGAD, or at least were. The fighter element of the program is now on hold and still may be canceled entirely, or end up looking very different, under the Trump administration.
The fact that this exotic aircraft was flying during the day, in an area where it was seemingly easily photographed also tells a lot about the program’s status. It is very likely China intended for this to be seen at this time.
Overall, while so much remains unknown, what we can say about this aircraft definitively is that it’s a large, very heavy, tactical jet that has had a massive premium put on combat radios and survivability. High altitude operations are also likely a feature of this design, especially if it does indeed feature three engines. But above all else, if procured in an operation form by the PLAAF, it would be able to fly over long regional distances and loiter for extended periods on station far from home without tanker support — something China lacks in terms of capacity versus the United States. It would also presumably be able to do this in closer proximity to threats than any other manned aircraft in China’s arsenal.
In other words, it could put targets in the air, on the ground, and at sea at risk in areas where they currently do not expect a threat from a manned combat aircraft. This has real implications for American tankers, airlifters, and airborne early warning and control, and reconnaissance aircraft, as well as allied ships and forces operating at forward locales. It would also serve as a critical force-multiplying sensor platform operating far forward. Paired with drone wingmen of relevant endurance, its lethality and survivability would be multiplied.
In other words, the existence of this aircraft is a very big deal.
Contact the author: thomas@thedrive.com
China Stuns With Heavy Stealth Tactical Jet’s Sudden AppearanceIn a surprising move, China has unveiled a new heavy stealth tactical jet that has left military experts around the world stunned. The jet, known as the J-31, made a sudden appearance at a military air show in Beijing, showcasing its advanced technology and impressive capabilities.
The J-31 is said to be China’s answer to the United States’ F-35 Lightning II, and it is clear that the Chinese military has made significant strides in developing their own stealth aircraft. The jet features a sleek design, advanced avionics, and powerful engines, making it a formidable force in the skies.
Military analysts have noted that the sudden appearance of the J-31 is a clear signal of China’s growing military prowess and ambition to assert its dominance in the region. With tensions rising in the South China Sea and other hotspots around the world, the unveiling of this new stealth jet is sure to have a significant impact on the balance of power.
As China continues to invest in its military capabilities, the world will be watching closely to see how this new heavy stealth tactical jet will shape the future of air combat. The J-31 may be the latest in a long line of cutting-edge military technology coming out of China, but it is certainly one that has captured the attention of military experts and defense officials worldwide.
Tags:
China, Stealth Jet, Tactical Jet, Military Aircraft, Chinese Military, Air Force, Defense Technology, Aviation, Stealth Technology, Aircraft Development, International Relations, Military Power, Chinese Innovation, National Security
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(as of Dec 21,2024 23:18:08 UTC – Details)
Action superstar Jean-Claude Van Damme (Hard Target) teams with Powers Boothe (The Emerald Forest) in a tension-packed suspense thriller from Peter Hyams, the director of Running Scared, Narrow Margin and Timecop. Inside the Civic Arena, 17,000 rabid hockey fans gather for the Stanley Cup final game—including the Vice President of the United States. What they don’t know is that someone is planning to have the building, and its inhabitants, blown to bits! Van Damme portrays Darren McCord, a father who brings his two children to watch the Pittsburgh Penguins versus the Chicago Blackhawks. But when his daughter is suddenly taken hostage by terrorists, their special night out turns into a deadly race against time. Her sinister captor (Boothe) is demanding delivery of a billion dollars from the U.S. Treasury by game’s end. With thousands of lives at stake, the legendary “Muscles from Brussels” frantically sets a plan in motion to rescue his daughter and abort the impending explosion…before the final buzzer!Special Features:
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