International
Bitcoin surges to $46,905 driven by market expectations of SEC approval for ETFs
Bitcoin is trading at $46,905 as of 2:47 p.m. this Monday, driven by market expectations regarding the possible approval of spot exchange-traded funds (ETFs) tracking the cryptocurrency by the U.S. Securities and Exchange Commission (SEC), according to CoinMarketCap data.
Many cryptocurrency enthusiasts assume that the SEC will give the green light on January 10 to several of the 14 Bitcoin ETFs (financial assets replicating the movements of an index in secondary markets) that have applied for approval. As a result, they have been acquiring satoshis, anticipating that the event will further boost the price.
The recent increase is largely attributed to this expectation-driven buying. However, a significant surge is expected upon the launch of indexed funds, as they would immediately bring a substantial amount of capital (demand) into the market.
Guillermo Contreras, CEO of Ditobanx, a Salvadoran fintech based on Bitcoin, explained to this outlet that increasing demand in this way causes the price of the cryptocurrency, which is a deflationary currency with a limited supply, to rise.
In practice, interested parties bring their capital in fiat currency to the companies that own the funds. These companies then purchase Bitcoin and issue a series of shares to investors that represent ownership of the cryptocurrency. The fund will track the path of Bitcoin, but individuals or companies will not have directly invested in the digital asset.
International
Four suspected PCC members killed in Police shootout in Florianópolis
At least four armed men, allegedly linked to an organized crime group, were killed Sunday night during a shootout with police officers at Ponta das Canas beach on the island of Florianópolis, capital of the southern Brazilian state of Santa Catarina, local media reported on Monday.
According to the Santa Catarina Military Police, one of the men killed was a native of the state of São Paulo (southeast) and identified as a leader of the Primeiro Comando da Capital (PCC), a gang that controls drug trafficking in the Papaquara community in northern Florianópolis, one of Brazil’s most popular tourist areas.
Police said officers were conducting a patrol in the Ponta das Canas neighborhood when they noticed a man entering a house in a hurry, raising suspicion. Upon entering the residence, they encountered four heavily armed individuals.
During the police operation, one of the suspects reportedly attempted to seize an officer’s rifle, triggering the exchange of gunfire. “Faced with the imminent threat and the criminals’ high firepower, the officers responded to stop the aggression,” the Military Police said on social media.
International
U.S. uses $4.65 billion in emergency funds to sustain SNAP benefits amid shutdown
The U.S. government will use $4.65 billion from an emergency fund to finance payments under SNAP, the country’s primary food assistance program, covering roughly “50% of benefits for eligible households,” according to a Department of Agriculture official in court filings.
The administration, however, does not plan to make up the funding shortfall through other resources, as noted in documents submitted to a federal court in Rhode Island.
This announcement follows a federal judge’s order in Providence — one of two issued last week — requiring the government to tap emergency funds to ensure the program remains operational.
The Trump administration argues that SNAP is running out of money amid a month-long federal government shutdown, triggered by a budget standoff between Democrats and Republicans who continue to blame each other for the crisis.
President Trump said on Friday that he was willing to release the necessary funds if the courts required it and emphasized that he does not want “Americans to go hungry.”
Hakeem Jeffries, the Democratic minority leader in the House of Representatives, accused Trump and the Republican Party on Sunday of “weaponizing hunger” during the political dispute.
International
U.S. strike in Caribbean kills three suspected drug traffickers
A U.S. strike on a suspected drug-smuggling vessel in the Caribbean killed three people on Saturday, according to Pentagon Chief Pete Hegseth, marking the latest in a series of attacks in international waters.
The United States has deployed ships to the Caribbean and sent fighter jets to Puerto Rico as part of a large military force that Washington says is aimed at curbing drug trafficking.
“This vessel, like all the others, was known to our intelligence for being involved in illicit narcotics smuggling,” Hegseth stated on X. “Three narcoterrorists were aboard the vessel during the attack, which took place in international waters,” he added.
Experts argue that the attacks, which began in early September, amount to extrajudicial executions, even if the targets are known traffickers.
Washington has yet to publicly provide evidence that the targeted individuals were actively smuggling drugs or posed a threat to the United States.
Hegseth said the U.S. would continue “hunting… and killing” suspected traffickers. He also shared video footage of the strike, showing the vessel being hit and engulfed in flames. As in previous videos, sections of the ship were blurred, making it impossible to verify the number of people on board.
The United Nations called on Friday for Washington to halt its attacks.
Four suspected PCC members killed in Police shootout in Florianópolis
U.S. uses $4.65 billion in emergency funds to sustain SNAP benefits amid shutdown
U.S. strike in Caribbean kills three suspected drug traffickers
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
Extension of the state of emergency approved in southern Chile
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