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Iran's president announced the rejection of direct negotiations with the U.S. regarding its nuclear program, responding to a letter from President Trump. While indirect talks remain a possibility, tensions have escalated, with Trump threatening military action if a deal is not reached. Iran's leadership has hardened its stance, complicating any potential diplomatic engagement.
Elon Musk met with GOP senators at the Capitol, discussing the Department of Government Efficiency (DOGE) and its savings of approximately $4 million daily through audits and waste reduction. He humorously noted that identifying government waste is easier than many think and advocated for the repeal of the National Environmental Policy Act (NEPA) to expedite energy projects. Musk praised federal workers for their willingness to assist in identifying fraud and waste, emphasizing their newfound motivation to help.
Cryptocurrency theft surged to $2.2 billion in 2024, with North Korean hackers responsible for 61% of the losses, totaling $1.34 billion across 47 incidents. While decentralized finance platforms were primary targets in early 2024, the focus shifted to centralized services later in the year, highlighted by significant breaches at DMM Bitcoin and WazirX. The ongoing threat from these cybercriminals emphasizes the urgent need for enhanced security measures in the crypto industry.
In 2024, crypto thefts surged to $2.2 billion, a 21% increase from the previous year, with North Korean hackers responsible for 61% of the total, stealing $1.34 billion across 47 attacks. The hacking incidents rose to 303, with centralized exchanges becoming the primary targets, particularly after a notable decline in thefts following the Putin-Kim summit in late June.
North Korean leader Kim Jong Un's reliance on Russia for economic support may backfire if Donald Trump successfully ends Vladimir Putin's war in Ukraine, a study from a South Korean think tank suggests. As Moscow strengthens ties with Pyongyang through military and economic exchanges, North Korea has provided troops and ammunition to support Russia, while receiving financial aid and military enhancements in return.
Trump's incoming administration is marked by hawkish appointments, yet there are signs of a more accommodating approach towards China, influenced by business interests. Despite ambitions to broker peace globally, challenges such as escalating conflicts in Ukraine and Israel's military actions complicate his peacemaking goals. The evolving international landscape may hinder Trump's ability to leverage negotiations effectively, raising questions about his capacity to fulfill his promises of ending wars and making significant deals.
The Bank of Japan has decided to keep interest rates unchanged amid significant uncertainties regarding the country's economic activity and prices, following a historic election defeat for the ruling coalition. In other news, China's manufacturing output has shown signs of recovery, expanding for the first time since April, while North Korea conducted a missile test, and Taiwan prepared for the impact of Super Typhoon Kong-rey.
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