In mid-May 2026, Bitcoin experienced a sharp crash triggered by a drop in exchange outflows to 19,995 BTC, well below the average, signaling weakening buyer confidence. At the same time, traders aggressively built short positions, confirmed by deeply negative funding rates and rising open interest. This led to a massive long liquidation event where $109.7 million in long positions were forcefully closed over three days. Inflation data released during this period added to market fears, worsening the sell-off. Analysts say a recovery depends on a return to negative netflow (more outflows than inflows) and a reduction in long liquidations, indicating renewed buyer confidence and less forced selling.
The Thailand elevator and escalator market is projected to grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2031, driven by rapid urbanization and expanding commercial infrastructure. Key players like Otis, KONE, and Mitsubishi domin...
Exclaimer has launched a new integration with UKG Ready, expanding its HRIS integration capabilities to automate the synchronization of employee data from HR systems into email signatures and meeting themes. This move addresses the growing trend of o...
Rogers Communications is investing $22 million to enhance its 5G+ network around BMO Field and nearby areas in Toronto ahead of the 2026 FIFA World Cup. The upgrade includes adding wireless infrastructure equivalent to 16 cell towers, deploying addit...
Amazon has discontinued its Rufus chatbot and introduced Alexa for Shopping, a new AI-powered assistant that combines Rufus's features with Alexa+. This tool personalizes shopping experiences using user data and is accessible via Amazon's website, ap...
Saudi Arabia's elevator and escalator market is projected to grow at a 3.7% CAGR from 2025 to 2031, fueled by rapid urbanization, large infrastructure projects like Neom, and rising tourism. Integration of AI enhances safety and efficiency, while lea...
