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Several firms are vying for the approval of their proposed spot Bitcoin BTC/USD exchange-traded funds (ETFs), hoping to capture a significant market share.

What Happened: Switzerlands Pando Asset AG on Wednesday emerged as the 13th contender by submitting a filing to the Securities and Exchange Commission (SEC) for the Pando Asset Spot Bitcoin Trust.

Among the total 13 applications, two major players, Grayscale Bitcoin Trust GBTC and Blackrock Inc. BLK , have revised their filings just to secure a BTC ETF spot.

Analysts predict that the SEC is on the cusp of approving several spot Bitcoin ETFs. The first to cross the finish line could enjoy a significant first-mover advantage, attracting a large base of retail investors.

Since both BlackRock and Grayscale Bitcoin Trust submitted their applications for a spot Bitcoin ETF, their stock prices have experienced an upswing. We compare which of the two stocks has delivered the best returns over the past year.

BlackRocks stock increased from $695.78 to $747.3, marking a 7.4% growth. On the other hand, GBTC saw a 242.74% surge from $9.05 to $31.02. BLK Or GBTC: 1-Year Performance (Image: Benzinga)

If you had invested $1000 in either of the stocks, you would have yielded $1074.04 in BLK and $3427.4 in GBTC. BLK Or GBTC: Which Offers Better Returns? (Image: Benzinga)

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

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A Closer Look at Market Movements

When analyzing their market behavior, the coefficient of determination (R^2) stands at a low 0.023, suggesting a very weak correlation between BLK and GBTCs market movements, as evidenced by a linear regression analysis. Do BLK And GBTC Often Move Together? (Image: Benzinga)

Price Action: At the time of writing, BTC was trading at $37,731, down 1% in the last 24 hours, according to Benzinga Pro. On Wednesday, GBTC finished trading at $31.02, while BLK closed at $747.30.

Illustration by CryptoFX on Shutterstock

Read Next: Heres How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?Loading… Loading… Loading…

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Tata, Intel deepen India semiconductor push with pact on chip supply chain and AI PCs

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Tata, Intel deepen India semiconductor push with pact on chip supply chain and AI PCs

Signage for Tata Electronics Pvt Ltd. at the company’s factory in Hosur, Tamil Nadu, India, on Tuesday, Aug. 5, 2025.

Bloomberg | Bloomberg | Getty Images

Tata Electronics has lined up American chip designer Intel as a prospective customer as the division of Mumbai-based conglomerate Tata Group works to expand India’s domestic electronics and semiconductor supply chain. 

Under a Memorandum of Understanding, the companies will explore the manufacturing and packaging of Intel products for local markets at Tata Electronics’ upcoming plants.

Intel and Tata also plan to assess ways to rapidly scale tailored artificial intelligence PC solutions for consumers and businesses in India. 

In a press release on Monday, Tata said that the collaboration marks a pivotal step towards developing a resilient, India-based electronics and semiconductor supply chain.

“Together [with Intel], we will drive an expanded technology ecosystem and deliver leading semiconductors and systems solutions, positioning us well to capture the large and growing AI opportunity,” said N Chandrasekaran, Chairman of Tata Sons, the principal investment holding company of Tata companies. 

Tata Electronics, established in 2020, has been investing billions to build India’s first pure-play foundry. The facility will manufacture semiconductor products for the AI, automotive, computing and data storage industries, according to Tata Electronics

The firm is also building new facilities for assembly and testing. 

India, despite being one of the world’s largest consumers of electronics, lacks chip design or fabrication capabilities. 

However, the Indian government has been working to change that as part of efforts to reduce dependence on chip imports and capture a bigger share of the global electronics market, which is shifting away from China.

Under New Delhi’s “India Semiconductor Mission,” at least 10 semiconductor projects have been approved with a cumulative investment of over $18 billion.

Intel CEO Lip-Bu Tan said the partnership with Intel was a “tremendous opportunity” to rapidly grow in one of the world’s fastest-growing computer markets, fueled by rising PC demand and rapid AI adoption across India.

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World

Ukraine war: The signs Putin is expecting more conflict, not less – and the frank conversation Keir Starmer needs to have

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Ukraine war: The signs Putin is expecting more conflict, not less - and the frank conversation Keir Starmer needs to have

With more than a thousand troops being killed or wounded every day, there’s no sign that Donald Trump’s push to end Russia’s war in Ukraine is reducing the battles on the ground.

Quite the opposite.

Ukraine‘s military chief says Vladimir Putin is instead using the US president‘s focus on peace negotiations as “cover” while Russian soldiers attempt to seize more land.

That means much greater pressure on the Ukrainian frontline, even as Russian and American, or American and Ukrainian, or Ukrainian and European, leaders shake hands and smile for cameras before retreating behind closed doors in Moscow, Alaska, and London.

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This was not an upbeat meeting of Ukraine and its allies

Putin’s not counting on peace

The lack of any indicators that the Kremlin is looking to slow its military machine down also makes the risk of war spreading beyond Ukraine’s borders increasingly likely.

It takes a huge amount of effort, time, and money to put a country on a war footing as Putin has done, partially mobilising his population, allocating huge portions of government spending to the military and realigning Russia’s vast industrial base to produce weapons and ammunition.

Putin has been in India to shore up support from Narendra Modi. Pic: Reuters
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Putin has been in India to shore up support from Narendra Modi. Pic: Reuters

But when the fighting stops, it requires almost as much focus and energy to switch a society back to a peace time rhythm.

Deliberately choosing not to dial defence down once the battles cease means a nation will continue to grow its armed forces and weapons stockpiles – a sure sign that it has no intention of being peaceful and is merely having a pause before going on the attack again.

The absence of any preparations by Moscow to slow the tempo of its military operations in Ukraine – where it has more than 710,000 troops deployed along a 780-mile frontline – is perhaps an indicator that Putin is anticipating more not less war.

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What is Putin trying to achieve in India?

How could the war end?

What happens next in Europe will depend on the content of any peace deal on Ukraine.

An all-out Russian defeat is all but impossible to conceive without a significant change of heart by the Trump White House and a massive increase in weapons and support.

The next best result for Ukraine would be a settlement that seeks to strike a fair balance between the warring sides and their conflicting objectives.

This could be done by pausing the fighting along the current line of contact before substantive peace talks then take place, with Ukraine’s sovereignty supported by solid security guarantees from Europe and the US.

But such a move would require Europe’s NATO allies, led by the UK, France and Germany, genuinely to switch their respective militaries and populations back to a wartime footing, with a credible readiness to go to war should Moscow attempt to test their support of Ukraine.

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Why Ukraine’s allies may welcome Trump walking away

Will Starmer level with the public?

That does not just mean increased spending on defence at a much faster rate – in the UK at least – than is currently planned. It is also about the mindset of a country and its willingness to take some pain.

France is already openly saying that parents may have to lose their children in a war with Russia, while Germany is requiring all 18-year-old men to undergo medical checks for possible national service.

No such tough but frank conversation is being attempted by Sir Keir Starmer with the British public.

The furthest his military chief has gone is to say “warfighting readiness” is his top priority.

But that is meaningless jargon for most of the public. Being ready for war is about so much more than what the professional armed forces can do.

Armies fight battles. Countries fight wars.

Read more:
UK unveils undersea tech
Navy chief offers chilling warning
Does Britain’s threat to Russia ring hollow?

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New UK military technology unveiled

Worst case scenario?

The other alternative when it comes to Ukraine is a scenario that sees a sidelined Europe unable to influence the outcome of the negotiations and Kyiv forced to agree to terms that favour Moscow.

This would include the surrender of land in the Donbas that is still under Ukrainian control.

Such a deal – even if tolerated by Ukraine, which is unimaginable without serious unrest – would likely only mean a temporary halt in hostilities until Putin or whoever succeeds him decides to try again to take the rest of Ukraine, or maybe even test NATO’s borders by moving against the Baltic States.

With Trump’s new national security strategy making clear the US would only intervene to defend Europe if such a move is in America’s interests, it is no longer certain that the guarantees contained in NATO’s founding Article 5 principle – that an attack on one member state is an attack on all – can be relied upon.

To have a sense of how a war with Russia might play out without the US on NATO’s side, Sky News and Tortoise ran a wargame that simulates a Russian attack on the UK.

In the scenario, Washington does not come to Britain’s defences, which leaves the British side with very few options to respond short of a nuclear strike.

👉Search for The Wargame on your podcast app👈

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Powerful earthquake in northern Japan triggers tsunami, injuring 33

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 Powerful earthquake in northern Japan triggers tsunami, injuring 33

A powerful earthquake struck off northern Japan, injuring 33 people and unleashing a tsunami.

The 7.5-magnitude quake struck at about 11.15pm local time, around 80 kilometers off the coast of Aomori prefecture.

Japan’s Fire and Disaster Management Agency said 33 people were injured, including one seriously, with most hurt by falling objects.

A road is congested with cars heading for higher ground in Tomakomai City December 8, 2025 after a magnitude 7.6 earthquake. Pics: AP
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A road is congested with cars heading for higher ground in Tomakomai City December 8, 2025 after a magnitude 7.6 earthquake. Pics: AP

A tsunami of 70cm was measured just south of Aomori, in Kuji port, Iwate prefecture, while levels of up to 50cm struck elsewhere in the region, the Japan Meteorological Agency said.

“I’ve never experienced such a big shaking,” said Nobuo Yamada, who owns a convenience store in Hachinohe, Aomori, in an interview with public broadcaster NHK.

Earlier on, the meteorological agency issued an alert for potential tsunami surges of up to 3m/10ft, with 90,000 residents ordered to evacuate.

Residents were urged by chief cabinet secretary Minoru Kihara to go to higher ground or seek shelter until advisories were lifted.

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People sheltering today in Kamaishi Elementary School in Kamaishi City, Miyagi Prefecture. Pic: AP
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People sheltering today in Kamaishi Elementary School in Kamaishi City, Miyagi Prefecture. Pic: AP

He said about 800 homes were without electricity, and that the Shinkansen bullet trains and some local lines were suspended in parts of the region.

Some 480 residents took shelter at the Hachinohe Air Base, defence minister Shinjiro Koizumi said, with 18 defence helicopters mobilised for damage assessments.

While Satoshi Kato, vice principal of a public high school in the same town, encountered traffic jams and car accidents en-route to the school as panicked people tried to flee.

Japan has recent experience of the perils of earthquakes – one in 2011 unleashed a tsunami that killed some 20,000 people and triggered a nuclear meltdown at the Fukushima Daiichi Nuclear Power Plant.

The earthquake warning off the coast of Aomori Prefecture, Japan. Pic: AP
Image:
The earthquake warning off the coast of Aomori Prefecture, Japan. Pic: AP

Today’s quake caused about 450 litres of water to spill from a spent fuel cooling area at the Rokkasho fuel reprocessing plant in Aomori, the Nuclear Regulation Authority said.

But water levels remained within the normal range and there was no safety concern, the authority added.

Read more:
Tokyo overtaken as world’s biggest city
Japan sends in troops over deadly bear attacks

The Japanese government has now lifted all remaining tsunami advisories, but warned people to remain alert for another week in case of aftershocks.

Satoshi Harada, from the meteorological agency’s earthquake and volcano division, cautioned that the 2011 quake could repeat itself.

“You need to prepare, assuming that a disaster like that could happen again,” he said.

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