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SHANGHAI: Australian Oscar Piastri roared back from season-opening disappointment to win the Chinese Formula One Grand Prix in a McLaren one-two on Sunday while Ferrari had both drivers disqualified. Lando Norris held on with fading brakes for second place ahead of Mercedes rival George Russell to stretch his championship lead, over Red Bull’s Max Verstappen, to eight points after two race weekends. Verstappen was fourth with Ferr­ari’s Charles Leclerc and Saturday sprint winner Lewis Hamilton finishing fifth and sixth before being disqualified when their cars failed post-race technical checks. Leclerc’s was underweight while Hamilton’s had suffered excessive skid wear. Piastri’s…

NANJING: World Athletics president Sebastian Coe insisted on Sunday that his unsuccessful challenge to succeed Thomas Bach as head of the International Olympic Committee was water under the bridge. Coe had to be content with third place in the vote for the new IOC president in Greece this week. Kirsty Coventry, a former Olympic gold medal-winning swimmer for Zimbabwe, won in the first round of voting with 49 of the 97 votes cast from IOC members to become the first African and the first woman to hold the post. Kirsty Coventry, the newly elected International Olympics Committee (IOC) President, addresses…

Misleading Crypto Narratives Persist, Fueled by Speculative Market Sentiment Bitcoin’s current market dynamics are being shaped by conflicting narratives, with long-term holders standing firm despite claims of capitulation. According to data from CryptoQuant’s Onchained, long-term Bitcoin holders have not shown significant selling pressure. The Inactive Supply Shift Index (ISSI) reinforces this, indicating that long-held Bitcoin remains relatively stable, defying market sentiment that suggests holders are panicking. Onchained emphasized that these narratives often lack on-chain validation and are instead driven by market speculation, advising investors to trust data over sensational claims. Meanwhile, analysts are questioning long-held market beliefs, including the relevance…

Haun Ventures Targets $1 Billion for New Crypto Funds, Expects Oversubscription Haun Ventures, a venture capital firm led by former federal prosecutor Katie Haun, is aiming to raise $1 billion to invest in the cryptocurrency sector. The funds, expected to close by June 2025, will be split equally between early-stage and late-stage investments, with $500 million allocated to each. The goal of $1 billion is lower than the $1.5 billion Haun Ventures raised in 2022, which was deployed during the crypto market downturn, largely after the collapse of FTX. However, the firm anticipates the new round will be oversubscribed, despite…

With prices down 47% year to date, Dogecoin’s (CRYPTO: DOGE) Trump-inspired rally is quickly unraveling. While it is normal for volatile assets to give up some of their gains after a big move, the controversial meme coin is performing worse than many of its peers. Is this dip a buying opportunity or a signal for investors to run for the hills? Let’s dig deeper to find out what the next 12 months could have in store. A rising tide can lift all boats, and the cryptocurrency industry is no exception. However, while digital asset prices tend to be highly correlated…

Jesse Powell has a lot on his plate. He is helping the crypto industry flex its newfound influence in Washington, DC, and Kraken, the crypto exchange he founded in 2011, is planning to go public next year. But as he pulls up a chair at a San Francisco coffee shop, what’s top of mind for Powell is not politics or business. It’s real estate. He wants to talk about the gorgeous white tower known to locals as ‘Susie’s Building’ that was built in the 1920’s—and whose residents don’t want Powell to live there. “It’s right around the corner, I can…

New Zealand’s ruthless pace attack carved up Pakistan to deliver a crushing 115-run win in the fourth T20 on Sunday and clinch the five-match series. The home side moved 3-1 ahead after defending 220-6 in Mount Maunganui and then dismissing a ragged Pakistan for just 105 in the 17th over. Jacob Duffy claimed 4-20 and fellow seamer Zak Foulkes 3-25 as Pakistan suffered their biggest T20 loss by runs against all nations, eclipsing a 95-run defeat against New Zealand in Wellington nine years ago. The tourists were reduced to 9-3 after two overs with Duffy bagging two scalps in his…

SHANGHAI: Lewis Hamilton roared to his maiden win in Ferrari red in the Chinese GP sprint on Saturday but the man he beat — McLaren’s Oscar Piastri — later scored his first-ever pole position in main race qualifying. Piastri will be joined on the front row for Sunday’s 56-lap race by the Mercedes of George Russell after a thrilling day of action at the Shanghai International Circuit. Hamilton was only fifth in qualifying but the day already belonged to the seven-time world champion. The 40-year-old controlled the 19-lap sprint race from pole to take the chequered flag in only his…

President Trump followed through on a popular campaign promise this month. After laying the groundwork for a strategic reserve of cryptocurrency holdings in earlier commitments, the March 6 signing of Executive Order 14233 seeks to establish an official Strategic Bitcoin Reserve and a separate Digital Asset Stockpile. Many crypto investors had been hoping for a truly game-changing strategic reserve, paving the way to massive federal purchases of Bitcoin (CRYPTO: BTC) and other digital assets. The executive order didn’t exactly deliver on those bullish hopes, and the immediate market reaction was largely negative. On the other hand, this two-pronged digital asset strategy…

LAHORE: Pakistan Cricket Board chief operating officer Sumair Ahmad has blamed mismanagement from the International Cricket Council as the reason for the absence of a representative from hosts Pakistan during the final ceremony of the Champions Trophy. Sumair was nominated by PCB chairman Mohsin Naqvi as the board’s representative for the final in Dubai on March 9 but he was not called up to the stage to distribute prizes after India won the title with victory over New Zealand. “I was at the Dubai International Cricket Stadium as Mr. Naqvi was unable to attend,” Sumair told a news conference after…