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Cyprus, Greece And Jordan Strengthen Defence Cooperation

Cyprus, Greece and Jordan have renewed their trilateral defence cooperation programme, reinforcing coordination between their armed forces as the three countries seek closer collaboration on regional security.

Renewed Defence Framework

The agreement provides for the continuation and further development of cooperation between the three countries’ armed forces under the existing framework, according to the General Staff.

The programme is aimed at strengthening coordination and joint action while expanding cooperation in defence and security.

The trilateral framework has been in place since 2018 and also covers areas including energy, civil protection, economic relations and regional security.

Focus On Regional Stability

The renewal comes as Cyprus, Greece and Jordan continue efforts to deepen their strategic relationship amid ongoing security concerns across the Levant.

The three countries held their fifth trilateral summit in Amman in May. President Nikos Christodoulides, Greek Prime Minister Kyriakos Mitsotakis and Jordanian King Abdullah II discussed regional developments and further cooperation.

The leaders highlighted the need for closer coordination on security, energy, migration and maritime routes. Christodoulides described the partnership as “vital for our region” and an important bridge between the European Union and the Middle East.

The summit also covered developments in Iran, Gaza, Lebanon, Syria and Iraq, with the three countries calling for de-escalation and greater regional stability.

The renewed programme is expected to further strengthen cooperation between Cyprus, Greece and Jordan, particularly in defence and security.

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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