The cryptocurrency market has faced a sharp downturn, with Bitcoin falling below $90,000 for the first time since April 2025. Silicon Republic reports that this marks a nearly 30% drop from its peak, driven by investor profit-taking and concerns over US interest rate cuts. Analysts warn of potential contagion risks to other markets, with options traders preparing for further declines. This correction may signal the end of the exuberant market rally earlier this year.

Wall Street Journal highlights a broader downturn in global financial markets, with Dow futures sliding alongside Bitcoin's decline. This synchronized movement raises concerns about market sentiment and potential spillover effects between traditional equities and cryptocurrency markets.

The Trump Organization has announced plans to build a new luxury resort in the Maldives, targeting crypto investors through digital asset funding. According to the Wall Street Journal, the project, in partnership with a Saudi developer, highlights the increasing integration of cryptocurrencies in real estate investment. However, this approach may raise questions about regulatory oversight and transparency. Silicon Republic Wall Street Journal (Markets) World Street Journal (International)

Saudi Crown Prince Mohammed bin Salman met with former US President Donald Trump at the White House, signaling a significant thaw in relations following years of tension. The Washington Post underscores the strategic importance of this meeting, as the US seeks to bolster its ties with Saudi Arabia amid shifting alliances in the Middle East. This normalization reflects mutual economic and geopolitical interests, but critics remain wary of unresolved human rights issues.

The conflict between Russia and Europe over custody of a Russian operative linked to the DHL bomb plot highlights escalating tensions in intelligence operations. Washington Post reports that Western security officials aim to prevent further threats, while Russia appears intent on protecting its assets. This case underscores the ongoing rivalry between global powers in counterterrorism and cyber espionage. Washington Post (World) Washington Post (World)

Cloudflare has announced its acquisition of Replicate, a platform simplifying AI deployment for developers. Silicon Republic notes that this move allows Cloudflare to expand its AI offerings, enabling developers to access over 50,000 models through a single code integration. This acquisition positions Cloudflare as a key player in the AI development market, potentially accelerating innovation while raising competitive stakes with other tech giants. Silicon Republic

In India, Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) secured a sweeping victory in Bihar’s state elections. The Washington Post describes this win as a testament to the BJP's dominance and the fragmented state of the opposition. While this result solidifies Modi's control, it also raises questions about political inclusivity and regional representation within India's democracy. Washington Post (World)