Breaking news

Cyprus Joins Europe’s Strong Innovators In Research Ecosystem

by THEFUTURE.TEAM

Cyprus’s research and innovation landscape has grown significantly in recent years, elevating the country to a place among Europe’s “Strong Innovators,” announced Nicodemos Damianou, Cyprus’s Deputy Minister of Research, Innovation, and Digital Policy. This statement followed his meeting on Wednesday with the European Research Council (ERC) President, Professor Maria Leptin, at the Presidential Palace.

Education Minister Athena Michaelidou, Deputy Minister to the President Irene Piki, and Chief Scientist for Research, Innovation, and Technology Demetris Skourides were also present at the meeting. Discussions centred on bolstering Cyprus’s research and innovation infrastructure and optimising participation in Horizon Europe funding programs, with a particular focus on ERC initiatives. 

Deputy Minister Damianou underscored the progress of Cyprus’s research and innovation ecosystem, now recognized among Europe’s leading innovation hubs. He attributed this achievement to the “passion and dedication” of Cyprus’s researchers and innovators and affirmed the government’s commitment to fostering a supportive environment for continued growth in these fields. “Our research ecosystem has flourished over the last few years, achieving recognition as one of Europe’s Strong Innovators,” Damianou said, highlighting the government’s ongoing support.

Notably, Cyprus has secured 32 European Research Council grants, seven of which were awarded in just the past three years, reflecting the country’s advancement in research excellence.

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.

Aretilaw firm
eCredo
Uol
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter