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Betting against Elon Musk and Tesla carries significant risks, as Musk's track record shows resilience despite challenges. While Tesla's stock is currently down 34% this year, it has risen 45% over the past year and over 1,000% since 2018, indicating potential for recovery as Musk refocuses on the company amid distractions. Analysts remain optimistic about Tesla's future with advancements in production and new vehicle launches on the horizon.
Decrypt University is set to relaunch in the new year, integrating on-chain certification from Galaxis to enhance user engagement and community benefits. With over 250,000 certificates minted, the partnership aims to showcase dynamic utilities and interoperability, fostering a thriving digital learning environment. Galaxis CEO Gergely Fábián emphasized the potential for communities to engage and monetize effectively through their no-code platform, paving the way for a brighter future in the crypto space.
Galaxis has launched two innovative staking programs aimed at enhancing community engagement within its Web3 platform. The Governance Staking program empowers members with voting rights based on their GALAXIS token holdings, while the Engine Superlock initiative rewards long-term commitment with enhanced benefits and additional rewards for locked tokens. These initiatives are designed to foster self-sustaining, decentralized communities for creators and brands.
TKO Group, which owns UFC and WWE, is focused on integrating recent acquisitions and enhancing fan experiences, emphasizing the need for "super access" to athletes. Despite initial market skepticism over its $3.25bn acquisition of IMG and other assets, TKO aims to leverage these for growth, with expectations of generating $2.57bn to $2.65bn in revenue this year. As UFC prepares for crucial media rights negotiations, the company sees a long-term future with ESPN and Disney while acknowledging interest from rival broadcasters.
Netflix shares are poised for their largest weekly gain since January, rising over 9% following the highly viewed boxing match between Mike Tyson and Jake Paul, which attracted 108 million viewers globally. The stock is currently up about 85% for the year, with brokerages, including BofA Global Research, raising their price targets, now set at $1,000.
The boxing match between Jake Paul and Mike Tyson at AT&T Stadium in Arlington, Texas, has set a record for the largest boxing gate outside of Las Vegas, generating $17.8 million in revenue. With over 70,000 expected attendees, this surpasses the previous record of $9 million from the 2021 Canelo Álvarez vs. Billy Joe Saunders fight. The event, airing on Netflix, will also feature a highly anticipated rematch between Katie Taylor and Amanda Serrano.
Mike Tyson
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