😲 Boeing Satellite Falls Apart In Space

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Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.

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Here’s what’s on the horizon today:

• Boeing-made communications satellite breaks up in space

• Mother files lawsuit against Character AI over son's death

• Chinese trader helped Lazarus Group launder millions

• Bernstein predicts Bitcoin will reach $200K by the end of 2025

Let’s dive in!

STORIES MAKING A SPLASH

^_SPACE
Boeing-made communications satellite breaks up in space

A Boeing-built communications satellite, Intelsat 33e, has suffered a catastrophic failure in orbit, leading to its total loss, as confirmed by Intelsat. The satellite stopped functioning due to an "anomaly," prompting the company to coordinate with Boeing and government agencies to investigate the incident.

The U.S. Space Force has confirmed the breakup occurred on October 19, 2024, and is currently tracking around 20 pieces of debris, with ExoAnalytic Solutions monitoring up to 57 fragments. Fortunately, there are no immediate threats to other satellites.

This incident comes at a challenging time for Boeing, following issues with its Starliner mission and recent legal troubles related to the 737 Max crashes. Intelsat 33e, which launched in 2016, faced multiple propulsion issues that significantly shortened its operational lifespan.

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^_AI
Mother files lawsuit against Character AI over son's death

Character AI is facing a wrongful death lawsuit filed by the family of 14-year-old Sewell Setzer III, who tragically died by suicide after extensive interactions with a chatbot modeled after a Game of Thrones character. Setzer, diagnosed with anxiety and mood disorders, sought companionship from the AI, which his mother claims contributed to his death.

In a statement released on October 23, 2024, Character AI expressed deep condolences to the family while outlining new safety measures for users under 18. The lawsuit raises significant concerns about the impact of AI-driven companionship on vulnerable young users.

With over 20 million users, Character AI is now under scrutiny to improve its trust and safety protocols, emphasizing the importance of responsible AI interactions amid this tragedy.

^_TECH
Securing your devices

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Discover practices to fortify your devices and minimize security vulnerabilities in our cybersecurty course now at Learn.Waivly.com! 🚀

WEB3 SPECIAL

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Chinese trader helped Lazarus Group launder millions

Yicong Wang, a China-based over-the-counter (OTC) trader, is accused of laundering tens of millions of dollars in stolen cryptocurrency for North Korea’s notorious Lazarus Group, responsible for major crypto hacks like the $600 million Ronin bridge exploit. Since 2022, Wang has been converting stolen crypto into cash through bank transfers, as revealed by on-chain analyst ZachXBT.

Wang was identified after a follower of ZachXBT had their account frozen following a $1.5 million USDT peer-to-peer transaction with him at a suspiciously low rate. One of Wang's wallets reportedly consolidated over $17 million linked to more than 25 Lazarus Group hacks before Tether froze $374,000 in November 2023.

In September, the FBI warned that the Lazarus Group is shifting to social engineering tactics to steal funds from DeFi and crypto companies, indicating their ongoing threat to the crypto space.

^{_{WEB3 SPECIAL}}
Bernstein predicts Bitcoin will reach $200K by the end of 2025

Bernstein analysts predict Bitcoin will reach $200,000 by the end of 2025, calling this "conservative" given its limited supply and rising U.S. debt. Gautam Chhugani, Bernstein’s digital assets lead, urges skeptics to see Bitcoin as a valuable "store of value" in a world facing inflation and debt concerns.

For those hesitant to invest directly in Bitcoin, Chhugani recommends alternatives like MicroStrategy and Robinhood, both expanding their crypto services. He also points to Riot Platforms and CleanSpark, advancing in Bitcoin mining, and Core Scientific, benefiting from AI hosting while managing mining operations.

Core Scientific, valued for its AI capabilities, remains undervalued despite a recent $2 billion extension to its hosting deal with AI firm CoreWeave, according to Bernstein analysts.

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THE WAVES

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More Stories Surfing The Web

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‎‎‏‎💵 Juul users receive thousands in settlement from $300M lawsuit

🔧 ‎‎LinkedIn fixes bug that reduced the follower count of users

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