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Cyprus To host conference On cultural rights in Framework Of MED9 In September

A conference on ‘Cultural Rights in Times of Crisis – Contemporary challenges and perspectives’ will be held in Cyprus on 16 September, within the framework of the 9 Mediterranean Member States of the EU (MED9) Summit.

The conference is being organised by the Deputy Ministry of Culture in collaboration with the Organisation for European Programmes and Cultural Relations and the University of Cyprus.

According to a press release by the Deputy Ministry of Culture,  the Conference will be followed by a closed online meeting of the Ministers of Culture of the MED9.

The aim of the conference, which will start with a keynote lecture by UN Special Rapporteur in the Field of Cultural Rights Dr Alexandra Xanthaki and will bring together experts from both Cyprus and abroad, is to discuss the importance of safeguarding cultural rights and the Mediterranean cultural heritage, as well as to promote regional cultural cooperation in supporting artistic freedom in the spirit of cultural diversity, intercultural dialogue, equality, and inclusiveness.

The conference will be inaugurated by the Deputy Minister of Culture, Vasiliki Kassianidou, the Rector of the University of Cyprus, Professor Tasos Christofides and the Head of the Cultural Policy Unit of the European Commission Catherine Magnant.

The proceedings will take place on Monday, 16 September, at the University of Cyprus. The conference will be open to the public and includes a panel discussion with the participant experts.

As it is noted, acknowledging the political urgency of safeguarding cultural rights in times of crisis, particularly in the context of the accelerating pace of political, economic, climate, and technological challenges, the aim is that at the end of the meeting, the Ministers will adopt a Declaration on Cultural Rights.

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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