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The combined weight of New York City’s buildings may be causing the metropolis to sink, researchers have said. However, there may be other reasons why the city is sinking — including the way the earth continues to shift after the end of the last ice age more than 10,000 years ago, scientists added.

Understanding how and why areas such as New York City may be sinking helps researchers estimate the flood risks these areas may face in the future because of climate change. Sea levels along the Atlantic Coast of North America are expected to rise three to four times faster than the global average, researchers noted.

“Sea level rise is eventually going to pose inundation challenges in New York and globally,” study lead author Tom Parsons, a geophysicist at the U.S. Geological Survey, told Live Science.

GPS data suggest lower Manhattan is sinking, or subsiding, at the rate of about 0.08 inch (2.1 millimeters) per year. 

The reason for this could be natural. During the coldest parts of the last ice age, giant ice sheets covered much of the planet. This caused the ground directly underneath the ice sheets to sink, which in turn made the edges of landmasses tilt up. After these ice sheets melted, areas that had been shoved up are now sinking down, which previous research suggests may result in as much as 19 to 59 inches (48 to 150 centimeters) of subsidence along the East Coast by 2100.

Related: Visit NYC in 750 B.C. with this epic interactive map

In addition to this natural cause of subsidence, Parsons and his colleagues wanted to explore the potential effects of artificial causes, such as buildings. He came up with the idea while visiting his wife’s family in Belgium in 2019.

“We happened to be staying next to the cathedral in Antwerp,” Parsons said. “I kept looking at the huge foundation stones and thinking about how they all had to have been brought from many miles away, and then piled up in one concentrated spot, like building a small mountain. I got curious about what that might be doing to the earth below it.”

All buildings will sink into the ground or “settle” a little after they are built, “even those built on hard rock,” Parsons said. “Those on softer soils will settle more.”

The scientists estimated that the mass of the 1,084,954 buildings within New York City’s five boroughs equaled 1.68 trillion pounds (762 billion kilograms) distributed over a 300-square-mile (778 square kilometers) area.

They next developed computer models to see how all that weight might cause sinking on a wide variety of soil conditions.

Satellite data revealed an average subsidence rate of about 0.04 to 0.08 inch (1 to 2 mm) per year across the city. This was consistent with the sinking the computer models suggested might be expected due to natural shifting of the earth after the last ice age.RELATED STORIES—New York’s first dinosaur museum was trashed before it even opened. The culprit is not who we thought.

—Was Manhattan really sold for $24 worth of beads and trinkets?

—Is climate change making the weather worse?

Still, the scientists also found some parts of the city displayed much faster subsidence rates. They noted this may be due to the weight of buildings, although they cautioned there might be other possible causes.

Parsons noted that New York City is on average only sinking a tiny amount per year. “However, sea level rise at New York is about 1 to 2 millimeters per year, so every millimeter of subsidence is equivalent to moving a year ahead in time with regard to rising ocean levels,” he said.

The scientists published their findings May 8 in the journal Earth’s Future.

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Entertainment

Sean ‘Diddy’ Combs loses bid to delay sex-trafficking trial

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Sean 'Diddy' Combs loses bid to delay sex-trafficking trial

Hip hop mogul Sean “Diddy” Combs has lost a bid to delay his upcoming sex-trafficking trial by two months.

US district judge Arun Subramanian said the 55-year-old rapper made his request too close to his trial, which is due to start next month.

Jury selection is currently scheduled for 5 May with opening statements set to be heard seven days later.

Combs has pleaded not guilty to five criminal counts including racketeering and sex trafficking.

Prosecutors with the Manhattan US attorney’s office accuse Combs of using his business empire to sexually abuse women between 2004 and 2024.

Combs’s lawyers say the sexual activity described by prosecutors was consensual.

In a court filing on Wednesday, Combs’s lawyer Marc Agnifilo asked Mr Subramanian to delay the trial because he needed more time to prepare his defence to two new charges which were brought on 4 April.

The charges were of sex trafficking and transportation to engage in prostitution.

Mr Agnifilo also said his team needs extra time to review emails it wants an alleged victim to turn over.

The new allegations brought the total number of criminal charges against the rap mogul to five – following the three original counts, which also included racketeering conspiracy, filed in September.

Federal prosecutors were opposed to any delay, writing in a Thursday court filing that the additional charges brought
earlier this month did not amount to substantially new conduct.

They also said Combs was not entitled to the alleged victim’s communications.

Read more: Everything you need to know about the Sean Combs trial

Sean "Diddy" Combs stands during his hearing where he pleaded not guilty to an expanded federal indictment charging the hip-hop mogul with five criminal counts, including racketeering and sex trafficking, in New York, U.S., April 14, 2025, in this courtroom sketch. REUTERS/Jane Rosenberg
Image:
A sketch of Combs during one of his court appearances. Pic: Reuters

Meanwhile, Mr Subramanian is weighing other evidentiary issues, such as whether to allow alleged victims to testify under pseudonyms.

Also known during his career as Puff Daddy and P Diddy, Combs founded Bad Boy Records and is credited with helping turn rappers and R&B singers such as Notorious B.I.G, Mary J. Blige, Faith Evans and Usher into stars in the 1990s and 2000s.

But prosecutors have said his success concealed a dark side.

They say his alleged abuse included having women take part in recorded sexual performances called “freak-offs” with male sex workers, who were sometimes transported across state lines.

Combs has been in jail in Brooklyn since September, having been denied bail.

He also faces dozens of civil lawsuits by women and men who have accused him of sexual abuse.

Combs has strenuously denied all allegations of wrongdoing.

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Sports

Texas coach Steve Sarkisian: Arch Manning has ‘grandpa’s gene’

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Texas coach Steve Sarkisian: Arch Manning has 'grandpa's gene'

AUSTIN, Texas — Steve Sarkisian enters his fifth season as head coach at Texas with the program facing big expectations after reaching the semifinals of the College Football Playoff in consecutive years.

The Arch Manning era has officially arrived in Austin, as he’ll be the Longhorns’ full-time starting quarterback this fall. Manning is humble enough that he has won over the locker room and self-assured enough that he’ll occasionally wink at Sarkisian after a good play in practice.

“Almost like, ‘Did you like that?'” Sarkisian chuckled about the winks.

With Texas headed into its second season in the SEC, there is a stout roster, strong returning cores on both sides of the ball and the reality of playoff expectations hovering again. There’s also a defense that’s experienced and explosive enough that Sarkisian says, “I don’t think Arch is ever going to have to go into a game thinking we have to outscore ’em.”

We’ll know right away with the Longhorns traveling to Ohio State for the marquee game of Week 1. Here is Sark on Manning, the state of the program and why Texas has established itself as a top 10 program again.

Question: Arch Manning’s moment is finally here. He’s waited patiently for it. He’s the focal point of both the offense and the locker room now. How’s he embraced the new reality?

Sarkisian: I think there’s something that’s unique about Arch. You can watch him throw and you see when you get up on him in person, man, he’s a bigger guy than maybe people think. When you watch him throw, the arm talent and the deep ball is there. Then you watch him move and you’re like, wait, this guy’s a better athlete than I thought. Definitely got grandpa’s gene. It’s not the uncles, he got grandpa’s gene. There’s an infectious leadership that he has, that I don’t want to say is unintentional because he intentionally leads. You can feel that. But the unintentional leadership ability he has, players gravitate to him, they want to be around him.

They like him for who he is, not for the name on the back of his jersey. And I think that’s something that he provides. He’s a fiery guy. He enjoys playing the game. Even in practice he’ll make a throw, and he’ll look over at me and wink at me almost like, ‘Did you like that?’ And so we have really good rapport, but I understand now because of my rapport with him, why the players have really good rapport with him. He just has a natural ability to engage with people.

Q: What’s that rapport like?

Sarkisian: Sometimes it’s verbal, sometimes it’s nonverbal. But I think that’s part of the responsibility as a quarterback that when you look at a quarterback and why is it this position in sports that is so coveted? It’s because your job is really to instill belief in the locker room, your job is to instill belief in an organization or a team or in a staff, and then ultimately your job is to instill belief in a fan base. And I think that he does that very naturally. It’s not something that is manufactured or fabricated. It’s very natural for him to go along with all those other things, the skill set, the ability to do those things. And so, I’m excited for him. I just want to make sure that we’re really strong around him, that he doesn’t feel the weight of the world to have to go perform. I want us to play really well around him to enhance what he’s able to do.

Q: Will there be some grace for growth? Some people already are pegging him the first-team All-SEC quarterback. He’s spent his whole life as a Manning, so he’s prepared, I guess, but do you think he’s prepared for the first interception in Columbus? Or the moment when on-field adversity hits? Do you think he’s ready for the level of both praise and criticism that will come?

Sarkisian: I think one, the exposure he got last season was helpful. He got two career starts. He started as our quarterback in the first SEC game in the history of the school. And those were not all perfect. Granted, there were some great moments. He threw nine touchdowns and almost a thousand yards. There was a couple of bad picks in there, too. And in the end, I think he understands he is not riding the emotional roller coaster of the opinions of others and staying [with a] level of consistency in his approach, in his play, in his ability to pick people up. Easier said than done when you’re not in the real fire of it all. But we are fortunate that he got exposed to some of that, and he threw a couple bad picks, and it was OK.

Q: He missed a few blitz pickups, right?

Sarkisian: Yeah, and he gets hit in the back and things like that. Like he’s learning. And yeah, there’s probably going to be some grace needed. Unfortunately, it’s probably not going to be grace granted outside of our building. Inside of our building, sure, there will be, but outside of the building, the pundits are going to be the pundits, the fans are going to be the fans, the opposing fans are going to be the fans. But inside our building, I think the support that he’s going to get is going to be one that he’ll definitely appreciate.

Q: One impactful change this spring has been Duane Akina being back on the field. He was here from 2001 to 2013 and coached an elite assembly line of defensive backs. What’s it been like having him back?

Sarkisian: Having Coach Akina back has been awesome. It’s been great in the building and the timing felt right. When we lost Blake Gideon [to Georgia Tech], we still had Terry Joseph on staff [and a] connection between he and Pete Kwiatkowski was a perfect fit. I had heard about [Akina] as a coach on the field, but I had never really seen it. And he’s a very kind of even-keel guy in and around the building. But when you watch him coach, the energy that he provides at practice is infectious. It’s what you always wanted in all of your coaches. And so the fact that here’s this guy, the oldest coach in our staff and he’s running to the ball, he’s demanding excellence out of every player, I think has just been infectious. Not only amongst the staff, but I think the respect that the players have, knowing the history and track record that he’s had of great players … here when it was DBU to what he was able to do at Stanford. He’s been an awesome addition.

Q: Identity-wise on defense, will this team be built around the defensive backs?

Sarkisian: I would argue it might be the best position group we have on our team right now from sheer talent. Now we have some experience there with Michael Taaffe coming back, Derek Williams getting healthy, Jelani McDonald‘s experience, Jaylon Guilbeau‘s experience, Malik Muhammad‘s experience. But below those guys, I think our ability to recruit that position the last two years is really evident. The guys look the part, they all are impactful players on special teams and so [Akina has] inherited a really good room of talented players, competitive players that are going to help us down the road.

Q: Texas went through a nearly two-decade drought for first-round offensive linemen. Now there’s a flurry of them coming out and seemingly emerging. How do you feel about the offensive line and skill around Arch?

Sarkisian: We feel good, obviously, on the offensive line. There’s a couple new faces, but again, we got exposure to a couple of those new faces early on. And so the experience of [senior guard] DJ Campbell and [senior interior lineman] Cole Hutson are big. The experience that [sophomore left tackle] Trevor Goosby got, Trevor was blocking real guys in the last month of the season, which was good for him. The emergence of some new faces is going to be good. These guys were all high-level recruits, and now it’s time, and that’s OK.

Q: There has to be some optimism at tailback, right?

Sarkisian: I think that the backfield will be better, in some degree. We got two guys coming off of injuries in CJ Baxter and Christian Clark, and we really think highly of both of them. We have a 1,000-yard rusher coming back, Tre Wisner, and we have a true freshman kid who’s going to be a sophomore in Jerrick Gibson, who played some really significant meaningful snaps in some big games. And so I feel really good about the running back room.

Q: They’ll be some familiar faces at receiver, too, right?

Sarkisian: I think having DeAndre Moore and Ryan Wingo back is going to be big. And then we got some guys that, it’s time to step up and it’s their moment. I would say the one room that we probably have our biggest question mark in is in the tight end room. So the offense is there.

Q: What’s the vibe on the defensive side?

Sarkisian: I think more importantly is who we are on defense and the growth of who we have been as a defensive team from Year 1 through Year 4. Going into Year 5, we have real playmakers on the defensive side of the ball, whether it’s Anthony Hill, Colin Simmons, Trey Moore, and we touched on Michael Taaffe, we touched on Derek Williams and Liona Lefau and Ethan Burke. We have some real players on the defensive side of the ball, to where I don’t think Arch is ever going to have to go into a game thinking we have to outscore ’em. We need to play good football, and as a team we can win a lot of games. It’s not going to feel like the weight of the world where if we don’t score 40, we’re in trouble. We’re going to be in plenty of high-level games where 24, 28 points is going to be good enough to win. Now do we want to score 35, 42, 49? Of course. But I don’t think we’re always going to have to. It’s managing some of those games the right way to make sure that our defense can play to their ability.

Q: Let me wrap with a macro question. How do you feel going into Year 5? At age 51, you’ve said you were ready for this job as a head coach, having endured some adversity in your career. Can you reflect on the collision of the consistency you’ve had the last few seasons with your preparedness and maybe where you see it’s going at this moment?

Sarkisian: You never know why you’re really here. Why are you hired? There’s been great coaches before. All guys who have been really successful at other places. Why weren’t they as successful here? And then: Why are you here now? And I jokingly say, this administration thinks they hired you for a reason, and what the issues were, but in reality, a lot of times they don’t know because they’re not looking behind the curtain. They don’t know. And as we’ve gone through this journey going into Year 5, we’ve really tried to look forward and be forward thinking rather than look backwards and say what’s wrong? What was wrong? What’s going to be right?

And along the way, there’s been all these changes in college football that have happened, right? Literally, we got hired in the middle of COVID. So we were dealing with COVID. We were dealing with the new facility getting built. We didn’t have a team room, we didn’t have a locker room, I didn’t have an office. Then here comes, they say the transfer portal, but nobody really knew what that was and so we didn’t really know how to tap into it. Then here comes conference realignment, and we’re in the midst of moving from the Big 12 to the SEC. Then here comes College Football Playoff expansion, and we’re going from four teams to 12. Then here comes NIL, and what does NIL look like? And here comes collectives and how do you manage collectives and what that looks like. And now here comes revenue share. And now here comes a potential different expansion to the College Football Playoff.

We’re forever evolving. And so the one thing that we’ve tried to do, like I said, is be forward thinking. And not playing catch up, but in essence, think about where are we headed and how do we continually adapt and do what’s best for our players and do what’s best for our team and try to minimize the noise outside the building and focus on what we’re doing here with the players we recruit, with the staff that we hire, with the expansion of the recruiting department and the scouting department with the evolution of understanding how do you manage NIL money to now? How do you manage a cap space and what does that look like, and be ahead of it all, which I think that’s something we’ve done a pretty good job of. We were one of the very first, when NIL got presented, we were one of the very first of utilizing that. … And then how do we still recruit the high schools and believe in high school recruiting to build our culture and to start that process.

Q: That makes sense here, right?

Sarkisian: And I look back at my time with Pete Carroll [at USC] and how important that was in that seven-, eight-year run of the development of players and the old players teaching the younger players. And then I looked at what Nick [Saban] did and how that [Alabama] roster turned itself over, but yet how did he hire really good coaches year after year? Because the cycle of success is you’re going to lose people.

And so we try to tap into history to look to the future. And so far, so good. And we haven’t been perfect, and I don’t pretend us to be perfect, but I do think we’ve done things, a lot of things really well that have allowed us to stay at the forefront of college football. And again, when I got here, I didn’t want to be a one-hit wonder. I didn’t want to live in the portal — one year we’re good and the next year we’re not. We wanted to build something that could sustain and that in my opinion is high school recruiting. We surely have tapped into the free agent market through the transfer portal to fill needs. And I think we’ve had a really good balance there. And ultimately, sure, I want to win a national championship. There’s no question about it. But the fact that we went from 5-7 to 8-5 to … in the semifinals two years in a row, I think lends itself to the consistency of our program and the foundation of our program. Now granted, we want to get into that [title] game, and we want to win that game, but I think we’ve built something here that’s going to be long lasting, that’s going to be sustainable.

And I’ve been telling everybody, my goal is to retire here and I’m 51 today, and I hope I can coach a long, long time. But the only way to do that is to have continued success because here the standard is a standard. You either compete and win championships or you don’t. There’s not a lot of gray area. And so to do that, you got to have the right amount of energy, you got to have the right people around you and allow them to do their jobs. You got to recruit the right people so that you don’t take those massive drops. You might have a blip on the radar, but yet we sustain it in a way that we’re proud of. And I think we’re doing that. But like I said, there’s always more work to do.

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Politics

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined

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Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined

Crypto investor sentiment took another significant hit this week after Mantra’s OM token collapsed by over 90% within hours on Sunday, April 13, triggering knee-jerk comparisons to previous black swan events such as the Terra-Luna collapse.

Elsewhere, Coinbase’s report for institutional investors added to concerns by highlighting that cryptocurrencies may be in a bear market until a recovery occurs in the third quarter of 2025.

Mantra OM token crash exposes “critical” liquidity issues in crypto

Mantra’s recent token collapse highlights an issue within the crypto industry of fluctuating weekend liquidity levels creating additional downside volatility, which may have exacerbated the token’s crash.

The Mantra (OM) token’s price collapsed by over 90% on Sunday, April 13, from roughly $6.30 to below $0.50, triggering market manipulation allegations among disillusioned investors, Cointelegraph reported.

While blockchain analysts are still piecing together the reasons behind the OM collapse, the event highlights some crucial issues for the crypto industry, according to Gracy Chen, CEO of the cryptocurrency exchange Bitget.

“The OM token crash exposed several critical issues that we are seeing not just in OM, but also as an industry,” Chen said during Cointelegraph’s Chainreaction daily X show, adding:

“When it’s a token that’s too concentrated, the wealth concentration and the very opaque governance, together with sudden exchange inflows and outflows, […] combined with the forced liquidation during very low liquidity hours in our industry, created the big drop off.”

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined
Source: Cointelegraph

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Crypto in a bear market, rebound likely in Q3 — Coinbase

A monthly market review by publicly traded US-based crypto exchange Coinbase shows that while the crypto market has contracted, it appears to be gearing up for a better quarter.

According to Coinbase’s April 15 monthly outlook for institutional investors, the altcoin market cap shrank by 41% from its December 2024 highs of $1.6 trillion to $950 billion by mid-April. BTC Tools data shows that this metric touched a low of $906.9 billion on April 9 and stood at $976.9 billion at the time of writing.

Venture capital funding to crypto projects has reportedly decreased by 50%–60% from 2021–22. In the report, Coinbase’s global head of research, David Duong, highlighted that a new crypto winter may be upon us.

“Several converging signals may be pointing to the start of a new ‘crypto winter’ as some extreme negative sentiment has set in due to the onset of global tariffs and the potential for further escalations,” he said.

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Manta founder details attempted Zoom hack by Lazarus that used very real “legit faces”

Manta Network co-founder Kenny Li said he was targeted by a sophisticated phishing attack on Zoom that used live recordings of familiar people in an attempt to lure him to download malware. 

The meeting seemed real with the impersonated person’s camera on, but the lack of sound and a suspicious prompt to download a script raised red flags, Li said in an April 17 X post.

“I could see their legit faces. Everything looked very real. But I couldn’t hear them. It said my Zoom needs an update. But it asked me to download a script file. I immediately left.”

Li then asked the impersonator to verify themselves over a Telegram call, however, they didn’t comply and proceeded to erase all messages and block him soon after.

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined
Source: Kenny Li

Li said the North Korean state-backed Lazarus Group was behind the attack.

The Manta Network co-founder managed to screenshot his conversation with the attacker before the messages were deleted, during which Li initially suggested moving the call over to Google Meet.

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined
Source: Kenny Li

Speaking with Cointelegraph, Li said he believed the live shots used in the video call were taken from past recordings of real team members.

“It didn’t seem AI-generated. The quality looked like what a typical webcam quality looks like.”

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AI tokens, memecoins dominate crypto narratives in Q1 2025: CoinGecko

The cryptocurrency market is still recycling old narratives, with few new trends yet to emerge and replace the leading themes in the first quarter of 2025.

Artificial intelligence tokens and memecoins were the dominant crypto narratives in the first quarter of 2025, accounting for 62.8% of investor interest, according to a quarterly research report by CoinGecko. AI tokens captured 35.7% of global investor interest, overtaking the 27.1% share of memecoins, which remained in second place.

Out of the top 20 crypto narratives of the quarter, six were memecoin categories while five were AI-related.

Cryptocurrencies, Investments, Donald Trump, return of investment, Altrader, Data, Trading101, Trading, CoinGecko, Web3, Solana, Cryptocurrency Investment, Memecoin
AI tokens, memecoins, were leading crypto narratives in Q1 2025: CoinGecko

“Seems like we have yet to see another new narrative emerge and we are still following past quarters’ trends,” said Bobby Ong, the co-founder and chief operating officer of CoinGecko, in an April 17 X post. “I guess we are all tired from the same old trends repeating themselves.”

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Crypto lending down 43% from 2021 highs, DeFi borrowing surges 959%

The crypto lending market’s size remains significantly down from its $64 billion high, but decentralized finance (DeFi) borrowing has made a more than 900% recovery from bear market lows.

Crypto lending enables borrowers to use their crypto holdings as collateral to obtain crypto or fiat loans, while lenders can use their holdings to generate interest.

The crypto lending market was down over 43%, from its all-time high of $64.4 billion in 2021 to $36.5 billion at the end of the fourth quarter of 2024, according to a Galaxy Digital research report published on April 14.

“The decline can be attributed to the decimation of lenders on the supply side and funds, individuals, and corporate entities on the demand side,” according to Zack Pokorny, research associate at Galaxy Digital.

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined
Crypto lending key events. Source: Galaxy Research

The decline in the crypto lending market started in 2022 when centralized finance (CeFi) lenders Genesis, Celsius Network, BlockFi and Voyager filed for bankruptcy within two years as crypto valuations fell.

Their collective downfall led to an estimated 78% collapse in the size of the lending market, with CeFi lending losing 82% of its open borrows, according to the report.

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DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

Decentralized exchange (DEX) Raydium’s (RAY) token rose over 26% as the week’s biggest gainer, followed by the AB blockchain (AB) utility token, up over 19% on the weekly chart.

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined
Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

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