Bitcoin experienced a significant crash, falling below $53,000 and resulting in the loss of approximately $600 million in leveraged long positions. This sudden downward move in the crypto market has led to the liquidation of over $740 million in leverage positions within the last 24 hours


The sell-off in markets was triggered by concerns about signs of a slowing American economy, particularly highlighted by a U.S. jobs report that indicated a significant slowdown in hiring in July . As a result, there is growing uncertainty about the future direction of the economy, leading to increased market volatility.


the Magnificent Seven technology stocks are expected to shed approximately $1 trillion in value. This sell-off is being led by Apple and Nvidia, two prominent companies in the tech industry. The losses in these stocks are significant and could have a substantial impact on the combined market value of the companies involved.


China has launched the first batch of satellites for a megaconstellation called the "Thousand Sails Constellation" or "G60 Starlink Plan" that is designed to rival SpaceX's Starlink network . The launch took place at the Taiyuan Satellite Launch Centre in the northern province of Shanxi and was led by Shanghai Spacecom Satellite Technology (SSST)