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National Council to convene ahead of trilateral meeting in New York

by THEFUTURE.TEAM

The National Council is set to convene at the Presidential Palace at 11 am on Monday, 7 October to discuss the forthcoming trilateral meeting of Cyprus President Nikos Christodoulides with the UN Secretary General Antonio Guterres and Turkish Cypriot leader Ersin Tarar in New York on 15 October.

In statements to CNA, Government Spokesperson, Konstantinos Letymbiotis, said that President Christodoulides will brief the members of the National Council about the important meetings he held in New York on the sidelines of the UN General Assembly, while there will be an exchange of views and the necessary coordination in view of the 15 October meeting in New York.

According to the Spokesperson, the President will inform the National Council “about the important meetings he held in New York”, including his meeting with the UN Secretary-General and the representatives of the five permanent members of the Security Council.

“Furthermore, there will be a briefing and an exchange of views and the necessary coordination ahead of the October 15 joint meeting”, between President Christodoulides, and Turkish Cypriot leader, Ersin Tatar, in the presence of the UN Secretary-General, he added.

Cyprus has been divided since 1974 when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended conclusively.

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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