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How to sum up 2024? The Oxford University Press word of the year is 'brain rot'North Korea is likely to send more troops to Ukraine to help Russia , an expert has warned. According to reports, North Korea has already sent 11,000 soldiers to help Vladimir Putin's forces. This came after Moscow and Pyongyang reached an agreement for a security deal earlier this year. Images shared by Ukrainian forces have shown North Korean soldiers in operation in the Kursk region of Russia . Dr Edward Howell, a lecturer in politics at Oxford University and the Korea Foundation Fellow at Chatham House, believes North Korea could send more troops in the future. He told The Telegraph : "We cannot rule out the likelihood that additional troops will be deployed from other divisions. "If Russia has pledged to provide North Korea with advanced military and missile technology, as well as knowhow, in response for North Korea going 'all in' and sending manpower, then North Korea is likely to continue to deploy troops in order to reap these benefits, and ask Putin for more substantial concessions." Earlier this week, the first deaths of North Korean troops were reported. Ukraine ’s military intelligence (GUR) reported the North Koreans were embedded with Russians in Kursk when they were killed. According to reports, North Korean soldiers accidentally killed Russian troops because of the language barrier between them. Kyiv’s military intelligence said that "fearful" North Koreans opened fire on a Russian vehicle in Kursk. They added that the Russians and North Koreans have struggled to communicate with one another. Meanwhile, a Western official claimed last month that North Korean soldiers are so badly trained that they were not able to be deployed into combat straight away. The official said: "We say due to poor training and lack of logistical support as the primary reasons why DPRK (North Korea) haven’t started the fight yet." CNN reported in October that the Russian soldiers are not happy with their new colleagues. They quoted comms from Russian soldiers, with one saying: "What the f*** are we supposed to do with them?" The soldier added that the North Koreans "can’t be commanded like ours" and appear "inadequately trained."How law enforcement plans to keep visitors safe at Pasadena’s Rose Parade and Rose Bowl

Trump expected to pick loyalist ex-senator and crypto firm CEO for Cabinet role: reportJimmy Spithill introduces his new Red Bull Italy SailGP Team

NEW YORK (AP) — Donald Trump was on the verge of backing a 16-week federal abortion ban earlier this year when aides staged an intervention. According to Time magazine's cover story on his selection as its 2024 Person of the Year, Trump's aides first raised concerns in mid-March that the abortion cutoff being pushed by some allies would be stricter than existing law in numerous states. It was seen as a potential political liability amid ongoing fallout over the overturning of Roe v. Wade by a conservative majority on the Supreme Court that includes three justices nominated by Trump in his first term. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Maximilian Brichta , University of Southern California (THE CONVERSATION) Rockets aren’t the only thing Elon Musk is sending into the stratosphere. After a three-year plummet, Dogecoin is blasting off again , jumping 250% since the election of Donald Trump – part of a broader wave of optimism in the industry , due to Trump’s courting of crypto advocates during his campaign. Trump’s informal appointment of Musk to what he calls the Department of Government Efficiency – D.O.G.E for short – also helped pump the dog-themed meme coin . This isn’t the first time Musk, who styles himself as “ the Dogefather ,” has fueled interest in Dogecoin. In May 2021, its price shot up in anticipation of Musk’s guest appearance on “Saturday Night Live.” During one skit, Musk played a financial analyst in conversation with a Weekend Update host, who repeatedly asked him, “What is Dogecoin?” After some obfuscation, Musk’s character finally admitted that it was a hustle. The price of the coin went into a freefall . Just over a year later, it had shed over 90% of its peak value . The losses hit small investors hard. In 2022, one of them filed a class action lawsuit against Musk for market manipulation and insider trading, though the case was dismissed in August 2024. Why has Dogecoin – a meme coin that was never meant to be taken seriously as an investment – seen such extreme swings in value? We’re all in this together Dogecoin was launched in 2013 to spoof bitcoin and a slew of other cryptocurrencies that were claiming to disrupt the traditional world of finance. Two strangers from across the globe met online , copied the code of an existing coin, and branded it with the already popular Doge internet meme – a picture of a Shiba Inu dog surrounded by fragments of broken English: “wow much coin.” Although their main goal was to make the coin pointless and undesirable, it became one of the most popular and enduring cryptocurrencies on the market. Following Dogecoin’s previous surge in 2021, I studied how its fervent network of influencers and everyday investors worked together to draw tremendous attention – and capital – to the joke currency. To understand the appeal of these absurd investments, you have to look at the time and energy that users invest into these networks and the rewards, both financial and social, they get in return. Meme coins are collaborative enterprises. Members of these online communities have an economic incentive to become outspoken boosters: The more the value of Dogecoin rises, the more their investments grow. But they also receive social validation from other meme coin investors when they pump up the coin. In other words, behind every meme coin is a collective of strangers on a communal mission to make more money. Dogecoin and its imitators have been described by their leadership as crypto movements , shared journeys and community-owned projects. Beyond branding the assets with culturally resonant images, whether it’s a Shiba Inu dog or Pepe the Frog , successful crypto ventures are characterized by complex webs of trust. Trust in the technology. Trust in its potential for future appreciation. And trust that those holding power in the networks won’t exploit the rest. This loyalty is woven among a global network of users who collaborate around the clock to promote their coin and demonstrate their unwavering commitment to its success. In times of price appreciation, the collective buzzes with elation . During price dips, community members mutually reinforce their comrades’ – and their own – beliefs that this is just a bump in the road and that their collective efforts will eventually lead to a handsome payoff. Even in the coldest of crypto winters , this ritualistic behavior helps these speculative communities endure. Community serves as a substitute for financial loss. The investment strategies in these communities – and the conviction in their payoff – involve repeating and reposting what others have said, like any traditional internet meme. Trolling traditional valuation The real value of meme coins cannot be understood in the same way as traditional assets, such as stocks and physical commodities. These types of assets have fundamentals, such as a company’s financial statements, or public demand for basic goods, from coffee to oil. Conversely, the fundamentals of meme coins are reflected in their network activity, such as daily active users, and less concrete metrics, such as social sentiment and mindshare – how much public awareness a coin has generated compared with its rivals. Of course, the valuations of traditional assets are also affected by these social factors. The difference is that meme coins offer little by way of productive activity. They add nothing to the economy. Occasionally, their leadership will build financial services around them , but these are generally added as afterthoughts, especially as a way to drum up more speculative excitement. Meme coins troll the traditional conventions of valuation and mock the edicts and dogmas of mainstream investors. And that’s exactly the point. Participation in meme coin communities – or any crypto community, for that matter – entails embracing an alternative economic experience. They are speculative sandboxes for playing outside of the conventional rules of investment. Who let the Doge out? Musk is the quintessential meme coin influencer. As the richest man in the world, he’s viewed by many as a paragon of savvy investing. His massive following extends far beyond Dogecoin’s social network. And his promotional efforts are playful – so playful that the judge in his class-action case dismissed his Dogecoin tweets as mere “puffery” and that “no reasonable investor could rely upon them.” Dogecoin previously reached the peak of its memetic momentum when Musk appeared on “Saturday Night Live.” Now, instead of sitting at the Weekend Update news desk cracking jokes, he’s sitting in Trump’s office advising the president-elect. In other words, Dogecoin’s memetic resonance has ascended from pop culture to politics, helping it capture a bigger slice of the public’s mindshare. While Dogecoin has specifically benefited from Musk’s proximity to Trump, the broader crypto market is leaping with optimism for a crypto-friendly administration. Speaking at the Bitcoin 2024 conference in July, the GOP candidate ensured he’d make the United States “ the crypto capital of the planet .” After pouring $131 million into this election cycle , the crypto industry can now claim 274 pro-crypto members of the U.S. House of Representatives and 20 pro-crypto U.S. senators. Between Musk buddying up with Trump and a shifting regulatory environment, the dog can once again run free. This article is republished from The Conversation under a Creative Commons license. Read the original article here: https://theconversation.com/dogecoin-is-a-joke-so-whats-behind-its-rally-243686 .

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The Cleveland Cavaliers find themselves at home rather than spending a weekend in Las Vegas when they begin the post-NBA Cup portion of their schedule Friday night against the Washington Wizards. The Cavaliers have won 21 of their first 25 games, giving them the best record in the NBA. But two of the four losses came to the Boston Celtics and Atlanta Hawks in group play of the NBA Cup, allowing the Hawks to advance into the event's quarterfinals while the Cavaliers got an unexpected four-day break. Guard Darius Garland believes the time off -- especially following a 122-113 loss at Miami in the team's most recent outing Sunday -- could be a blessing in disguise. "We'll go back to the drawing board," he said of workouts this week. "Get ourselves back together, get our bodies back together and just get ready for Friday." Each team that didn't make the Cup quarterfinals had two games added to its schedule. The Cavaliers caught the easiest of the additions, with a home game against the 3-19 Wizards followed Monday with a trip to Brooklyn to face the 10-14 Nets. According to Power Rankings Guru, the Cavaliers have played the easiest schedule in the NBA. It will get significantly more difficult the rest of the way, rated 17th-hardest among the 30 teams. If previous results this season are an indication, starting with the Wizards should begin a smooth transition. The Cavaliers romped 135-116 at Washington in the first week of the season, and then had an even easier time in a 118-87 home laugher as part of the NBA Cup. The latter win came as part of a four-game winning streak that led into Sunday's loss at Miami. The Wizards went 0-4 in the same NBA Cup group as Cleveland. Those losses were part of an overall 16-game losing streak that ended in a shocking, 122-113 home win over the Denver Nuggets last Saturday. Washington reverted back to previous form when thumped 140-112 by the Memphis Grizzlies at home on Sunday. Like Cleveland, the Wizards have had the last four days off. To add insult to injury, the Wizards' other add-on game will be Sunday at home against the Celtics. Wizards coach Brian Keefe has experience in losing situations. He was on the Oklahoma City coaching staff when the club began the 2008-09 season 3-29. The Thunder made the playoffs the next season, the NBA Finals three years later. "It wasn't like they just rolled out of bed and were winning 50 or 60 games," Keefe recalled. "They had to go through some adversity, and I think we used that adversity as a foundation piece for what we were doing there. "(The Wizards) are working and developing a work rate and effort and habit-building that's setting us up for long-term success." Friday's game matches the NBA leaders in 3-point shooting percentage (Cleveland, 40.4 percent) against the team that has allowed the fourth-highest accuracy rate from beyond the arc (Washington, 37.4 percent). The Cavaliers outscored the Wizards 102-57 on 3-pointers in the first two meetings, with Donovan Mitchell (10-for-19), Sam Merrill (7-for-16) and Garland (6-for-10) combining for 69 of those points. --Field Level Media

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