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Cryptocurrencies experienced mixed trading on Sunday evening after a two-week run, with the apex cryptocurrency Bitcoin taking a breather hovering near the $52,000 level.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD +0.52%$51,539Ethereum ETH/USD +2.67%$3,107Dogecoin DOGE/USD -0.66%$0.085

What Happened: Analysts are keeping a close eye on the inflows into spot Bitcoin ETFs as they seek to predict the next move for Bitcoin.

Data from BitMEX Research indicates that Grayscale Bitcoin Trust GBTC outflows hit a low of just $44 million on Feb. 23, marking the lowest level since Jan. 11.

In January, GBTC reported total withdrawals of $5.64 billion, with $640 million exiting on Jan. 22 alone. February has witnessed a decline in outflows, totaling $1.8 billion so far. Since its inception, GBTC has observed total withdrawals amounting to $7.4 billion.

On the other hand, BlackRocks IBIT IBIT has garnered over $6.6 billion in investment since its launch, followed by Fidelity's FBTC FBTC with over $4.7 billion in capital.

Ethereum has pierced through the $3,000 threshold after lingering beneath it for several days. This rebound into a higher price bracket has been a key factor in the steady increase in the percentage of Ethereums total supply that is profitable. Data from Santiment indicates profits expanding by roughly 1 million ETH in a mere three-day span.

Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Flare FLR/USD +15.91%$0.046Mantle MNT/USD +14.72%$0.90Arweave AR/USD +12.13%$15.94

The global cryptocurrency market cap now stands at $1.94 trillion, showing a 2.19% decrease in the past 24 hours.

U.S. stock futures showed minimal movement on Sunday as investors awaited the latest data on the Federal Reserves preferred inflation reading.

Futures linked to the Dow Jones Industrial Average declined by 0.04%, while S&P 500 futures and Nasdaq 100 futures both recorded slight decreases of 0.04% and 0.05% respectively.

See More: Best Cryptocurrency ScannersLoading… Loading…

Analyst Notes: Cryptocurrency analyst Michael Van de Poppe remains uncertain about the possibility of a correction on Bitcoin in the short term.

"Im unaware whether we will get this correction on Bitcoin in the short term. I think that this rally is going to peak between $54-58K and provide a substantial correction to $40-42K after the halving has taken place."

Glassnode co-founders Jan Happel and Yann Allemann, known as Negentropic on X, assert that the Ethereum versus Bitcoin (ETH/BTC) ratio serves as a crucial indicator for the performance of altcoins. Their analysis indicates that following an extended consolidation period, the ETH/BTC ratio has surged, signaling a potential upswing for altcoins.

"The Ratio which drives Altcoins Bull Market' ETH/BTC ratio is a gauge on the crypto market. Higher ratio the more risk-on in crypto (altcoins). When ETH/BTC rallies, altcoins rally. And we have just broken higher after a long consolidation since late 2021. Altcoins will soar. All points to a blow-off top as suggested by Henrik Zeberg."

"The Ratio which drives Altcoins Bull Market"#ETHBTC ratio is a gauge on the #Crypto Market. Higher ratio the more Risk-On in Crypto (Altcoins)

When ETHBTC rallies #Altcoins rallies.

And we have just broken higher after long consolidation since late 2021.#Altcoins will pic.twitter.com/XpvBkv44fn Loading… Loading…

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Entertainment

Yvette Fielding says she was assaulted by Rolf Harris on Blue Peter and left alone with Jimmy Savile

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Yvette Fielding says she was assaulted by Rolf Harris on Blue Peter and left alone with Jimmy Savile

Blue Peter’s youngest ever presenter has claimed disgraced entertainer Rolf Harris sexually assaulted her when she was a teenage host of the children’s show.

Yvette Fielding, who joined the long-running BBC programme aged 18, told the Sun newspaper how the paedophile predator squeezed and patted her bottom after finding herself alone with him in a TV studio.

The now 55-year-old also recalled an uncomfortable experience with “grotesque” Jimmy Savile, who was later revealed to be one of Britain’s most prolific sex offenders.

Fielding has questioned the role of the BBC in allowing their behaviour, arguing people in the industry “must have known”.

Fielding in 1987. Pic: John Gooch/Shutterstock
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Fielding joined Blue Peter in 1987. Pic: John Gooch/Shutterstock

She became a Blue Peter presenter in 1987 and left five years later, going on to host a string of BBC programmes including The Heaven And Earth Show, The General and City Hospital.

Recounting the incident with Harris, she said: “It was very confusing and shocking – just bizarre to think Rolf Harris was squeezing and patting my bottom and I am standing there, thinking ‘I don’t know what to do’.

“Other people in the industry must have known what he was like and you left me alone in the studio with him.

“That shouldn’t have happened. I must have been 18 or 19.

“I think a lot of them did know.”

Yvette Fielding. Pic: PA
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The presenter says the Harris incident ‘shouldn’t have happened’. Pic: PA

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Harris was a household favourite for decades before his dramatic downfall after being convicted of a string of indecent assaults against young girls.

Stripped of his honours, he died of neck cancer and old age in May last year, aged 93.

Jimmy Savile pictured in 2004
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Jimmy Savile was ‘grotesque’. Pic: PA

He was also known to be associated with Savile, who managed to conceal his crimes until after his death in 2011.

On her meeting with the late depraved DJ, Fielding told the Sun: “He took my hand and started stroking it. ‘Look into my eyes’, he said, ‘And tell me what you’re thinking’.”

“He was grotesque,” she added.

“I just don’t understand why the BBC allowed him to get away with that for as long as he did.”

Savile worked for much of his career at the BBC presenting programmes including Top Of The Pops and Jim’ll Fix It.

The BBC has been contacted for comment.

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Employees at fintech giant Revolut to cash in with $500m share sale

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Employees at fintech giant Revolut to cash in with 0m share sale

Bosses at Revolut, Britain’s biggest fintech, are drawing up plans to allow employees to cash in with a sale of stock valued at hundreds of millions of pounds.

Sky News has learnt that the banking and payments services provider is lining up investment bankers to coordinate a secondary share sale worth in the region of $500m (£394m).

Morgan Stanley, the Wall Street bank, is expected to be engaged to work on the proposed stock offering, which will take place later this year.

Money blog: How to sell your home without an estate agent

City sources said this weekend that Nik Storonsky, Revolut’s co-founder and chief executive, was determined to seek a valuation of at least the $33bn (£26bn) it secured in a primary funding round in 2021.

“This will not be a down-round,” said one person familiar with Revolut’s thinking.

Although the fintech, which has more than 40 million customers, is not planning to raise new capital as part of the transaction, any sizeable share sale will still be closely watched across the global fintech sector.

It is expected to be restricted to company employees.

Revolut ranks among the world’s largest financial technology businesses, with revenue virtually doubling last year to around £1.7bn, according to figures expected to be published in the coming months.

Founded in 2015, it has experienced a string of regulatory and compliance challenges, with reports last year highlighting its release of funds from accounts flagged by the National Crime Agency as suspicious.

The company’s growth has taken place at breakneck speed, with customer numbers soaring from 16.4m at the point of the Series E fundraising nearly three years ago.

Pic: Revolut
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The company’s growth has taken place at breakneck speed. Pic: Revolut

Insiders argued that despite the protracted downturn in tech valuations over the last two years, Revolut’s relentless expansion would easily justify it maintaining its status as Britain’s most valuable fintech.

Monzo, the UK-based digital bank, recently confirmed a Sky News story that it had closed a funding round worth nearly £500m, including backing from an arm of Google’s owner, Alphabet, and a Singaporean sovereign wealth fund.

Elsewhere, however, the funding landscape has been bleaker, with a growing number of tech companies which had attracted unicorn valuations of more than $1bn now struggling to stay afloat.

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Revolut has allotted stock options to many of its 10,000 employees as part of their compensation packages, although it was unclear how many would be eligible to dispose of equity in the transaction later this year.

A source close to the company said it had had numerous expressions of interest from prospective investors.

Revolut’s current shareholders include SoftBank’s Vision Fund and Tiger Global.

News of the proposed share sale comes as Revolut’s investors continue to await positive news about its application for a UK banking licence.

A smartphone displays a Revolut logo on top of banknotes
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Revolut applied for a UK banking licence more than three years ago. Pic: Reuters

The company applied to regulators to become a bank in Britain more than three years ago, but has so far failed to secure approval.

Mr Storonsky has been publicly critical of the delay, and last year questioned the approach of British regulators and politicians, as he suggested that he would not contemplate a listing on the London Stock Exchange.

An initial public offering of Revolut appears to still be some way off, although it would not surprise investors or industry peers if it initiated a listing process in the next couple of years.

One person close to Revolut said board members were among those expected to participate in the secondary share sale, although further details were unclear this weekend.

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The company is chaired by Martin Gilbert, the City veteran who has faced governance and performance challenges at Assetco, the London-listed asset manager he runs.

Its other directors include Michael Sherwood, the former Goldman Sachs executive who was jointly responsible for its operations outside the US and who was regarded as one of the most skilled traders of his generation.

An external shareholder in the company said the exclusion of non-employees from the deal could draw criticism from some investors.

Revolut has conducted secondary share sales of this kind in the past, including after its 2021 Series E round.

This weekend, Revolut declined to comment.

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Environment

This new $5,000 electric drone can carry you and your brave friends

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This new ,000 electric drone can carry you and your brave friends

As I peruse Alibaba for all sorts of fun and interesting electric vehicles, I often stumble across seemingly outlandish products that often have a real use case behind them. The best of those make it into the recurring Awesome Weird Alibaba Electric Vehicle of the Week column, and that’s precisely where this man-carrying drone lands today.

To be fair, I’m not sure the main purpose of this flying EV is to carry people.

They do advertise it with a few images of a person suspended beneath it to show off the drone’s carrying capacity. And at least one of the photos seems like it’s actually non-recreational as the guy appears to be in the process of accessing a communications tower platform.

I guess for those who don’t want to spend half an hour climbing a ladder to change a light bulb or swap a connector, a drone might be a shortcut to some of these difficult access areas. It could also open up the worker pool for that job to not only people with Popeye’s forearms.

But manned work doesn’t seem like the main use case for a heavy-lift drone like this.

Instead, it appears to me that it’s primarily a work drone designed for utility tasks where you’d want to lift a serious amount of weight in tools or supplies.

The stated 200 kg (440 lb) weight-carrying capacity is quite impressive, especially since the unit only weighs 40 kg (88 lb) by itself. But you’ll want that extra lift potential for a number of its other advertised uses, such as a water sprayer for cleaning tasks or a heavy-lift drone for moving supplies in mountainous or otherwise hard-to-reach areas.

Some companies even seem to use them to clean wind turbine blades.

Interestingly, the drone can either run off of its 16 on-board batteries or can be tethered to an electrical cable for continuous flying. For longer duration jobs like window washing, that’s probably the better way to go.

The batteries only offer 20 minutes of flying time, and replacing 16 batteries with freshly charged units would probably take you another 20 minutes on the ground. That limited battery flight time also means that if you are going to use it to carry workers up onto aerial platforms, you better not take the scenic route.

The drone does come with three parachutes that can automatically deploy if it enters free fall, which makes me feel only marginally better about hanging onto that rope ladder and going for a ride.

The factory also advertises that the controls can be run tethered, so you don’t have to use radio frequency in areas where it might be jammed. That has me a bit worried about what other uses they’re envisioning for a heavy-lift drone like this, but I’ll leave that for another day.

How our resident Photoshop wizard imagines I’d look on one of these things

With an advertised price of US $5,000, it also seems weirdly affordable. I have no idea what the going rate for a man-lift drone is these days, but I probably would have guessed more than that. You can barely buy an electric motorcycle for that much, and those only move in a single plane.

Of course, the catch is that you have to buy two of them, as that’s the minimum order quantity from the seller. So if you’re crazy enough to strap into one of these things, you better find an equally crazy friend for the second one.

And in case it wasn’t yet clear, please don’t actually try to buy one of these from Alibaba. This column is a tongue-in-cheek exercise in exploring just how amazing and interesting the world’s largest EV provider’s catalog of wacky vehicles has become. But I am certainly not encouraging anyone to run the financial and emotional gauntlet of trying to buy something expensive on Alibaba. I’ve been there and done that, and it’s not for the timid.

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