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UCY Summer School To Focus On Management And Economics Of Research

The University of Cyprus (UCY) is set to host its inaugural Twin4Merit summer school from September 2-10, 2024, in Nicosia. This event, part of the Horizon Europe-funded Twinning for Excellence in Management and Economics of Research and Innovation (Twin4Merit) project, aims to enhance knowledge in research management and economics through expert-led lectures and methodology training sessions.

The Twin4Merit project focuses on critical meta-research areas, including research assessment, open science, and gender equality. Collaborating with Maastricht University’s UNU-MERIT and the University of Carlos III of Madrid, with dissemination support from the European Office of Cyprus, the initiative seeks to elevate Cyprus’s research landscape.

The summer school will benefit not only UCY members but also the broader Cypriot scientific community, including researchers and Early Career Researchers (ECRs) from all Cypriot universities and relevant organisations. It also welcomes applications from other EU countries and the EMMENA region.

The programme begins with Transferable Skills Sessions on September 2-3, covering grant writing, project management, and research networking. A joint research conference on research assessment will follow on September 4-5, in collaboration with the SInnoPSis project. The final sessions on September 6, 9, and 10 will offer scientific skills training by advanced partners and local experts, focusing on ethics in research, open science principles, and gender in research assessment.

“The 1st Twin4Merit summer school aims to enhance the impact of UCY’s role as a major research and educational hub for the Eastern Mediterranean, Middle East, and North Africa (EMMENA) region,” the statement explained. The agenda will be finalised and published in early July, with a preregistration form available for interested participants.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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