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Chief Scientist Of Cyprus Meets With NASA JWST Scientist

by THEFUTURE.TEAM

Chief Scientist of the Republic of Cyprus for Research, Innovation and Technology, Demetris Skourides has held a meeting with Dr. Alexandra Lockwood, NASA James Webb Space Telescope Scientist, in  Cyprus at the invitation of the United States Embassy in Nicosia.

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During their meeting, which took place on 21 May, Skourides presented the work of the Research and Innovation ecosystem of Cyprus, while making special reference to the 2022 – 2027 Space Strategy of the Deputy Ministry of Research, Innovation and Digital Policy.

He underlined that Cyprus’ geographical position favors the further development of the ecosystem in the space sector, which currently consists of about 50 unique entities, including 33 companies with research activities in robotics, earth observation and navigation systems.

Dr. Lockwood informed the Chief Scientist on the capabilities of the James Webb Space Telescope and the features it offers to humanity, enhancing the ecosystem. She also said that NASA is investing in Artificial Intelligence, creating the position of Chief AI Officer to lead efforts in the field.

Skourides referred to the important role of artificial intelligence in the search for exoplanets and gravitational waves since the process can be significantly simplified with the use of new technologies.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

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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