​Woman with 74 Phones Strapped to Legs Seized by Customs

A woman with a total of 74 mobile phones tied to her body entered the country via the Gongbei Port in Zhuhai, South China’s Guangdong Province, and was seized on the spot by customs officers recently, according to the General Administration of Customs of China on Tuesday.

The person, surnamed Yang, who was wearing a white blouse and loose trousers, entered China through the green channel of the passenger inspection hall, according to the customs.

Officers at the scene noticed that the woman was walking with a heavy pace and stiff posture, so they intercepted her for inspection.

After the inspection, the officer seized a large number of old mobile phones tied with plastic film around her thighs and calves. A total of 74 cell phones were seized.

If individuals attempt to hide, disguise, conceal, falsely declare, or use other methods to evade customs supervision, and transport, carry, or mail goods or items prohibited or restricted from entering or leaving the ports, it constitutes smuggling, customs officers said.

If the circumstances are serious enough to constitute an offence, the person may face criminal charges as per the law.

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In December 2016, Elon Musk was stuck in LA traffic. Frustrated, he tweeted "Traffic is driving me nuts. Am going to build a tunnel boring machine and just start digging..." Most thought it was a joke, but Elon wasn't kidding: Two weeks later, The Boring Company was born. Its mission was to build a network of underground tunnels to solve traffic congestion. Wall Street analysts laughed. "It's a distraction," they said. "A publicity stunt." But Musk saw something they didn't.

In 2017, The Boring Company raised $112.5 million. $100 million came from Musk himself. The rest? From selling 20,000 flamethrowers at $500 each. Yes, flamethrowers. Wall Street thought Musk had lost his mind. But he was just getting started.

By 2018, The Boring Company had completed its first test tunnel in Hawthorne, California. Its cost was $10 million per mile. Traditional tunnels? $1 billion per mile. Musk cut costs by 99% by shrinking tunnel diameter and developing continuous tunneling technology

In 2019, The Boring Company won its first major contract: A $48.7 million project to build a transportation system under the Las Vegas Convention Center.

Completed in 2021, it proved The Boring Company wasn't just talk. It could deliver a real, working project 2021 was a turning point. The Boring Company raised $675 million at a $5.7 billion valuation. Suddenly, Wall Street was paying attention. The "publicity stunt" was becoming a serious infrastructure player. But the biggest surprise was yet to come.

In 2023, The Boring Company's valuation skyrocketed to $127 billion. How? By pivoting to utility tunnels. These tunnels house water pipes, electrical cables, and internet fiber - critical infrastructure for rapidly growing cities. The market potential? Trillions. Today, The Boring Company has projects in Las Vegas, Texas, and Florida. It's in talks with cities worldwide.

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Fidelity International cuts 500 jobs in China

Fidelity International (FIL) will cut around 500 jobs at one of its Chinese operations, two people with knowledge of the matter said, marking the largest downsizing in recent years of a global financial firm in the world's second largest economy.

UK-headquartered FIL told staff about the job cuts at one of its tech and operation centres located in China's northern city of Dalian on Monday, according to the people, who declined to be named as they were not authorised to speak to the media.

Fidelity International's "centre of excellence" in Dalian supports a wide range of technology, operations and investment needs, according to the company.

The entity, established in 2011, had 574 employees as of end-2023, an official business record shows.

"Following a review, and in line with an organisation-wide focus on greater efficiency, we are streamlining some capabilities currently managed within the Dalian centre," FIL said in a statement to Reuters, declining to comment on the number of cuts.

At the same time, the company is adding new capabilities in Dalian, FIL said, without disclosing how many jobs that would create.

Reuters reported in March that FIL had embarked on a global downsizing with a target of trimming 9% of its workforce or around 1000 jobs. In China the cuts went deeper, affecting at least 16% of its 120-strong mutual fund unit, sources told Reuters.

FIL remains committed to growing its mutual fund business in China, the company added in the statement.

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The Journey of Terra Luna Classic: Binance's Bold Burn and Community Hope

In a significant move for the Terra Luna Classic (LUNC) community, Binance recently announced the burning of over 1 billion LUNC tokens. This latest effort, part of the exchange's 27th monthly burn batch, saw 1.048 billion tokens sent to a burn address, bringing the total burned by the community to nearly 137 billion.

The burn is more than just a technical adjustment; it symbolizes hope for many who still believe in the revival of LUNC. Binance’s commitment includes burning 50% of its trading fees from LUNC spot and margin trading each month, a gesture aimed at supporting the community's long-term recovery.

Despite this bullish move, the market remains cautious. LUNC's price has dipped 8% in the past 24 hours, currently trading at $0.00008936. Traders are watching closely, wondering if the token can rebound to $0.0001, spurred on by the ongoing efforts to reduce its supply.

Meanwhile, trading volume has significantly declined, indicating a waning interest among investors. In contrast, the community remains optimistic, rallying behind the hope that continued burns by Terraform Labs will spark renewed interest and price gains.

As the Terra Classic community navigates this challenging landscape, the latest burn from Binance serves as both a reminder of resilience and a beacon of hope for the future. Traders and enthusiasts alike are left pondering: can this latest round of burns catalyze a turnaround for LUNC? Only time will tell.

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Russian Court Fines Google $20 Decillion in Media Blocking Case

A Russian court has fined Google $20 decillion for blocking content from Russian media channels, a sum far beyond the global economy’s worth. The case stems from YouTube banning the ultra-nationalist Tsargrad channel in 2020, followed by more bans after Russia's invasion of Ukraine in 2022.

Google, inactive in Russia since 2022, faces increasing fines, doubling weekly due to compound interest. The company’s Russian accounts were seized, and efforts to claim Google’s assets globally have seen little success.

Alphabet, Google’s parent company, maintains that these legal matters won’t have a major impact on its operations.

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Thai YouTuber Arrested in Indonesia for $59 Million Scam

Natthamon Khongchak, a 32-year-old Thai YouTuber, has been arrested after fleeing to Indonesia following a $59 million scam that allegedly defrauded over 6,000 victims. Known as "Nutty," she posed as a foreign exchange trader, flaunting a luxurious lifestyle on social media.

After two years on the run, Indonesian police arrested Natthamon when she failed to sing the national anthem during an investigation. She had been applying for an Indonesian passport but was found to have entered the country illegally.

Natthamon had left Thailand in 2022 after her investment scheme collapsed, promising returns of 35% to her followers, many of whom lost significant sums. Despite claiming she intended to repay them, she fled with her secretary, Nichapat Ratananukrom, first to Malaysia and later to a remote Indonesian island. Both were arrested in Sumatra and deported to Thailand, where they face serious charges.

Natthamon apologized publicly, stating she "never intended to run" and surrendered voluntarily, but her victims remain devastated by their losses.

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PEPE/USDT Price Consolidation and Momentum Analysis

The PEPE/USDT pair is consolidating after a period of high volatility, with the price currently at $0.00000964, showing a slight 1.23% decline over the past 24 hours. The chart reveals the following key insights:

Price Action: After peaking at $0.00001725, the price has been fluctuating between $0.00000900 and $0.00001200. The market shows indecision, with no clear direction.

MACD: The MACD line is marginally below the signal line, indicating weak bearish momentum. The histogram shows minor negative bars, signaling limited bearish pressure with no strong signs of reversal.

RSI: The RSI is at 51.37, reflecting neutral market conditions. This suggests no significant buying or selling pressure at the moment.

Support and Resistance Levels:
- Resistance is seen at $0.00001200, and further at $0.00001725, which marked the previous high.
- Support is at $0.00000900, with a deeper support level around $0.00000605.

The market is in a consolidation phase. A break above $0.00001200 could signal a bullish move, while a fall below $0.00000900 might lead to further declines. Traders should watch for clear signals to determine the next trend direction.

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Chainlink Price Eyes $15 Breakout Amid Bullish Momentum

Chainlink (LINK) is showing signs of a potential breakout above $15 as it forms an ascending triangle pattern, a bullish technical signal. Currently trading at $11.95, LINK has experienced a 4% rise in the last 24 hours, with analysts predicting further upward momentum. A key resistance level at $12.10 could be the next hurdle, with $13 and $15 as potential targets if the bullish pressure continues.

Technical indicators, such as the MACD, support this optimistic outlook. The MACD line crossing above the signal line, alongside positive histogram bars, indicates growing momentum. Investor sentiment remains high, bolstered by broader market gains in major cryptocurrencies like Bitcoin and Ethereum.

Should Chainlink surpass the critical $15 level, it could solidify its bullish trajectory, positioning it for continued growth in the near term. However, failure to break this resistance may slow its upward momentum.

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AI Bot Turns $1.5K Into $1.88M in 5 Hours With Solana’s $TEE

An AI bot, Tee Hee He, made waves in the crypto world by transforming a $1.5K investment into $1.88M in just five hours, trading Solana’s $TEE token. This follows the success of another AI bot, Truth Terminal, which achieved a similar feat with the GOAT token, marking a significant shift in the role of artificial intelligence in cryptocurrency trading.

Tee Hee He purchased 53.45 $TEE tokens, and as the token’s value skyrocketed within hours, the bot’s holdings surged to $1.88M. These AI bots are changing the landscape of crypto trading by leveraging sophisticated algorithms to analyze market data, detect trends, and execute trades with unmatched speed and accuracy—factors that human traders struggle to compete with.

The appeal of AI bots lies in their ability to make data-driven decisions without emotional interference, such as panic selling or impulsive buys, which often lead to losses for human investors. This technology can also quickly adapt to market fluctuations, identifying undervalued tokens that may otherwise be overlooked.

While AI trading bots like Tee Hee He demonstrate immense profit potential, they are not without risks. Current technology still has limitations, requiring careful oversight to ensure responsible use. However, as these bots continue to evolve, they may become even more integral to crypto markets, offering investors a powerful tool to enhance their portfolios.

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Celestia Faces Key $5 Support as 176M TIA Tokens Unlock

Celestia (TIA) is nearing a crucial $5 support level as 176 million tokens unlock, posing potential supply pressure. Key points:

1. TIA price dropped 20% from $6.24 to $5.03 in a week, largely due to bearish sentiment ahead of the token unlock.

2. Of the 176M tokens unlocking, only 92M are unstaked, reducing immediate sell pressure to around $469M.

3. 739M tokens remain staked at a 10.65% APR, encouraging holders to maintain positions, which limits sell-offs.

4. Key support is between $4.5 and $5. A break below $5 may lead to further declines, but holding this level could push the price to $6.5 (32% growth).

5. Despite the token unlock, a bullish shift is possible, supported by declining funding rates and positive market sentiment.

The unlock could trigger short-term volatility, but strong staking dynamics may prevent a significant drop below $5.

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Top 3 Cardano Rivals to Turn $100 Into $1,000 in November

As Cardano's price remains in consolidation, three rival cryptocurrencies—Solana (SOL), Avalanche (AVAX), and Toncoin (TON)—are poised for potential massive gains. With strong technical indicators, these assets offer opportunities for investors looking to turn a modest $100 investment into a significant return.

1. Solana (SOL)
- Solana is seeing a major rally, with prices surging 45% over the past two months. The number of active addresses on its network has surged 88%, signaling strong user growth and adoption. A potential breakout beyond $200 could drive further gains.

2. Avalanche (AVAX)
- AVAX is forming a bullish inverted head and shoulders pattern, indicating a potential trend reversal. A breakout above $34 could trigger a 13% price increase, setting the stage for a major rally.

3. Toncoin (TON)
- TON’s recent correction has positioned it near a critical support level of $4.6, with a potential for a strong rebound. Its MVRV ratio shows short-term losses, but long-term investors are eyeing this opportunity for sharp gains.

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Top 3 Dogecoin Rivals to Watch After Elon Musk's $2T Savings Claim

Elon Musk’s recent claim that the Department of Government Efficiency (D.O.G.E) could save the U.S. government $2 trillion has pushed investors to explore potential Dogecoin alternatives. Here are three standout contenders that could see significant growth:

1. Department of Government Efficiency (D.O.G.E)
Created in response to Musk's government efficiency agenda, D.O.G.E has rapidly gained attention. Its price surged to an all-time high of $0.06945 with a $69.45 million market cap. With Musk’s frequent endorsements, the coin is expected to hit a $1 billion market cap, potentially delivering a 1,500% return on investment (ROI).

2. Popcat (POPCAT)
A Solana-based meme coin, Popcat recently hit an all-time high of $1.72 and boasts a $1.6 billion market cap. It has grown 45,000% since January 2024 and remains one of the top meme coins. Investors eye a potential surge to a $10 billion market cap in this bullish trend.

3. Dogwifhat (WIF)
WIF recently broke out of a falling wedge pattern, signaling a potential price rally. It could climb up to 85%, reaching its previous all-time high of $5. Analysts suggest strong upside potential once it enters price discovery mode.

These three Dogecoin rivals are poised for explosive growth, driven by the ongoing meme coin frenzy and market sentiment.

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Sui Network Staking Fix Set for October 27: Can SUI Price Rebound?

Sui Network is scheduled to resolve its staking rewards issue on October 27, 2024, at 17:30 UTC with the launch of epoch 564. The issue, which affected reward distributions for epochs 560 to 563, did not result in any loss of funds or rewards.

Despite the disruption, SUI's price initially dropped by 6.8% to $1.70 but has since recovered to $1.79. Trading volume also surged by 25%, reaching $625 million, signaling strong investor anticipation ahead of the fix. The network has advised users not to unstake their tokens until the new epoch begins to ensure they receive the delayed rewards.

Market analysts predict a possible SUI price recovery after the fix, with potential gains driven by restored investor confidence. With slight bullish momentum and increased trading activity, SUI may see a price rally to $3 in the near term. Technical indicators show positive signs, with the MACD line crossing above the signal line, suggesting an uptrend.

As the staking issue is resolved, many investors are positioning themselves for a potential price breakout, betting on a significant recovery for SUI.

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XRP Price Could Hit $95, Analyst Predicts

Crypto analyst Egrag Crypto predicts that XRP could reach $95, citing similarities between XRP’s price movements and Netflix’s stock (NFLX). He explained that XRP might follow a similar growth pattern as NFLX, which experienced exponential growth between 2002 and 2004 and surged significantly from 2008 to 2011.

Key Points:
- Egrag Crypto’s prediction is based on historical price similarities between XRP and NFLX.
- He advises XRP holders to focus on long-term gains and avoid worrying about day-to-day price swings or external factors like the Ripple SEC appeal.
- The analyst believes that buying and holding XRP is a winning long-term strategy, expecting the coin to undergo exponential growth similar to Netflix’s rise.
- While XRP is currently trading at $0.51, a CoinGape market analysis suggests that the price could hit $100 within the next 1 to 5 years.

XRP’s price growth may be influenced by various factors, but the long-term outlook appears optimistic according to Egrag Crypto’s analysis.

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3 Cryptocurrencies to Buy in This Bear Market for Potential 10X Gains

As the global cryptocurrency market drops by 1.68%, smart investors are eyeing opportunities for recovery. Three standout options include Bitcoin (BTC), Rexas Finance (RXS), and Shiba Inu (SHIB), each offering strong potential for gains during the current bear market.

Bitcoin (BTC)
Despite trading at $66,000, Bitcoin remains a secure investment during market volatility. Robert Kiyosaki predicts BTC could reach $100,000 by 2025, driven by its reputation as a hedge against inflation and economic uncertainty.

Rexas Finance (RXS)
Rexas Finance is making waves with its innovative tokenization of real-world assets like real estate. Currently priced at $0.060 in presale, forecasts suggest it could reach $12 by 2025—a potential 2000% surge. With over $3.6M raised in presale, RXS shows strong investor confidence.

Shiba Inu (SHIB)
Trading at $0.000016, Shiba Inu continues to attract investors with its growing use cases and strong community. Predictions suggest SHIB could increase by 444% to $0.00008 by 2025, supported by its rising burn rate and ongoing DeFi developments.

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How Gold Became One of the World's Hottest Investments

The price of gold has surged to an all-time high of $2,772 per troy ounce this week, marking a 33% increase year-to-date. This performance has outpaced the broader stock market, including the Nasdaq 100, by approximately 10 percentage points. Since the bull market began in October 2022, gold has yielded a 67% return compared to the S&P 500’s 63%.

Key Factors Driving Gold's Rally:

1. Central Bank Demand: Global central banks purchased a record 483 tons of gold in the first half of the year, with significant buying from Turkey, India, and China. This trend is largely driven by countries seeking to diversify away from the US dollar due to fears of financial sanctions and sovereign debt risks.

2. Geopolitical Tensions: Heightened global instability—exemplified by Russia's invasion of Ukraine and ongoing tensions in the Middle East—has pushed investors towards gold as a stable store of value. The U.S. debt situation has also prompted concerns about the safety of Treasurys.

3. Political Climate: Speculation around a potential Trump presidency is influencing gold prices. Increased government deficits and inflation fears could drive investors to seek gold as a hedge against financial instability.

4. Interest Rates: Historically, falling interest rates boost gold prices. With the Federal Reserve expected to implement multiple rate cuts in the coming year, lower rates are likely to support gold’s upward trajectory. Recent cuts from central banks worldwide indicate a trend toward looser monetary policy.

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Dogwifhat Price Prediction: Will WIF Reach $10 in 2024?

Dogwifhat (WIF), a meme coin on the Solana blockchain, has experienced a 4% price increase in the last 24 hours, currently trading at $2.51. Despite being 48% below its March 2024 all-time high (ATH) of $4.85, the coin shows promising potential for a breakout.

Key Details:

WIF is approaching the important $3 resistance level. Breaking through this could trigger a new bullish phase, potentially pushing the price back toward its ATH and beyond.

Market analysts highlight a "Cup Wif Handle" pattern, often seen as a bullish signal. This formation suggests a potential price target of $10, which would represent a $10 billion market cap if achieved.

Coinglass data indicates that WIF's trading volume and open interest have both risen significantly. This increase reflects growing confidence among investors, with many choosing to hold their positions in anticipation of further price growth. The rising open interest also signals that more market participants are staying active, a positive indicator of potential upward momentum.

If WIF manages to break past the $3 resistance, it could test its ATH of $4.85. Surpassing this level would set the stage for further growth, with $10 becoming a realistic target later in 2024.

Though highly volatile, with an all-time low of $0.0677 recorded in January 2024 (marking a 3607% surge since), investor sentiment remains optimistic. The combination of increasing market interest and positive technical indicators could drive WIF to new heights.

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Binance Delisting Four Cryptos, Causing Sharp Price Drops

Key Facts:
- Binance will delist Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI) on November 6.
- Prices of these tokens have fallen 0.5% to 46% following the announcement.

Binance is set to remove IDRT, KP3R, OOKI, and UNFI, triggering significant price drops. Trading will stop on November 6 for KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT.

Key Dates:
- Deposits stop on November 7.
- Withdrawals end on February 6, 2025.
- UNFI/USDT contracts close on October 30.
- Margin pairs for KP3R, OOKI, and UNFI will also be removed.

Price Changes:
- KP3R: Down 41%, now $31.47.
- IDRT: Down 0.5%, now $0.00006377.
- UNFI: Down 42%, now $1.57.
- OOKI: Down 46%, now $0.0007154.

Binance says the delisting is to meet industry standards, but it has caused concern over further price declines.

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Tokyo Stock Exchange official investigated for suspected insider trading

A Tokyo Stock Exchange official is under investigation for suspected insider trading by leaking undisclosed information on a takeover bid to a relative, local media reported Wednesday.

The man employed in a department responsible for handling corporate disclosures allegedly leaked the takeover information to his relative multiple times this year. The relative is believed to have made profits by trading shares of the target company, Kyodo News reported, citing sources close to the matter.

Japan's Securities and Exchange Surveillance Commission last month raided related locations including the homes of the official and the relative, the report said.

The securities market watchdog has opened an investigation and will determine whether to file a complaint with prosecutors.

Japan Exchange Group Inc., the parent company of TSE, said in a statement that it will "fully cooperate with the investigation."

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U.S. Dollar Performance Against Major Currencies in 2024

In 2024, the U.S. dollar experienced significant depreciation against many major currencies, largely due to the Federal Reserve’s 0.5% interest rate cut in September—the first since the pandemic. Lower rates made the dollar less attractive compared to currencies from economies with higher rates.

By October 10, 2024, the dollar saw its sharpest declines against the Thai baht (-11.5%), Polish złoty (-11.4%), and Malaysian ringgit (-11.3%). It also dropped notably against the South African rand (-8.2%) and British pound (-8.1%).

However, the U.S. dollar appreciated strongly against the Turkish lira (+24.8%), Mexican peso (+13.1%), and Brazilian real (+8.3%), gaining ground in markets with weaker economic conditions or higher inflation rates.

Benefits:
Stronger Exports: U.S. goods become cheaper and more competitive globally, boosting export-driven industries like manufacturing and agriculture.
Tourism Growth: The weakened dollar attracts more foreign tourists, benefiting U.S. hotels, restaurants, and travel businesses.

Drawbacks:
Costly Foreign Travel: American tourists face higher expenses abroad, as the weakened dollar has less purchasing power in foreign countries.
Rising Import Prices: Imported goods and products made with foreign components become more expensive, increasing costs for consumers and businesses alike.

The overall performance reflects how currency fluctuations can create both opportunities and challenges, depending on market dynamics and trade relationships.

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