Saturday☕️

24 Jun 2023 — 4 min read

Trending:

Markets:

Wagner Group:

Yevgeniy Prigozhin, the head of the Wagner Group, a private military company linked to the Kremlin, is facing charges of "incitement to armed rebellion" from Russia's Federal Security Service (FSB).
This follows Prigozhin's call to Russians to join Wagner's forces against Russia's Defense Minister Sergei Shoigu and other top military officials. In response, Russia has increased military presence in key regions, including Moscow and Rostov, to protect government buildings.
There are also reports that the FSB is urging Wagner's fighters to arrest Prigozhin, who insists his remarks were a call for justice, not a coup attempt against the military leadership. Earlier, Prigozhin criticized Russia's decision to go to war, accusing the Defense Ministry of deception.
As a result of these events, Moscow's security services are on high alert with reports of strengthened security measures. The ongoing situation suggests a potential split within Russian forces. The Wagner Group, not officially recognized by the Russian government, often operates in conflict zones and is thought to support Russian governmental interests.

Lab Grown Meat:

Lab-grown meat has been approved for sale in the US, making it the second country after Singapore to allow the sale of such products. This decision aligns with the World Economic Forum's blueprint for a sustainable food supply chain aimed at addressing climate change.
Two companies, Upside Foods and Good Meat, have been authorized by the US Agriculture Department to sell their "cell-cultivated" chicken meat. These products can be found in supermarkets and restaurants, marking a significant step for the cultivated meat industry.
While proponents argue this development could revolutionize food production and reduce environmental impact, some question the popularity of lab-grown meat, pointing to the mixed reception of plant-based foods in the US.
Concerns also linger about potential health effects from consuming artificial meat, and whether the purported environmental benefits are as significant as claimed.

SEC Approved The First Leveraged Bitcoin ETF:

The US Securities and Exchange Commission (SEC) has approved the first leveraged Bitcoin Futures ETF from Volatility Shares, set to begin trading next Tuesday.
This comes after the SEC had taken enforcement actions against big cryptocurrency exchanges like Coinbase and Binance. Also, the ETF, called the 2x Bitcoin Futures ETF, is set to start on June 26, 2023, and it might correlate with the CME Bitcoin Futures Daily Roll Index.
This development has coincided with Bitcoin's price increasing past $30,000, potentially influenced by BlackRock's application for a spot Bitcoin ETF. The approval of this futures ETF raises questions about whether the SEC will approve Bitcoin spot trading offerings.

Statistic: