People Something (peoplesomething)

Bitcoin miners are becoming AI companies and selling their BTC to pay for it. Mining is barely breaking even right now. It costs around $80K to mine one $BTC, but Bitcoin is trading below that. The math doesn't work anymore. So miners are pivoting to AI. Over $70 billion in AI and data center contracts have been signed across the public mining sector. Core Scientific, TeraWulf, Hut 8 they're all making massive long-term AI deals. To fund the shift, they're selling their Bitcoin. Marathon updated its policy to allow selling. Bitdeer sold everything. Bitfarms CEO Ben Gagnon said it straight: "We are no longer a Bitcoin company." The market is rewarding them for it too. AI-exposed miners trade at double the valuation of pure Bitcoin miners right now. The industry is changing fast. Most people just haven't noticed yet.

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What’s for dinner?

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Meta to Lay Off About 10% of Metaverse Team as AI Becomes the Main Focus Meta is planning to cut around 10% of its Reality Labs staff – that's roughly 1,500 jobs out of about 15,000. The cuts will mostly affect teams working on VR headsets and the metaverse platform Horizon Worlds. The company is shifting a lot of its attention and money toward AI, including advanced AI systems and smart glasses. Reality Labs has already lost more than $70 billion since 2020, and the metaverse hasn't caught on as much as hoped – especially when you compare it to platforms like Roblox or Fortnite. CTO Andrew Bosworth has called an important in-person meeting soon, which could be when the layoffs are officially announced. Meta didn't comment on the report, but it's clear they're moving away from heavy metaverse spending and putting more into AI. For investors, this might help AI projects grow faster, but it also shows how tough it has been to make the metaverse work.

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🇵🇰 Pakistan Navy Seizes Nearly $1 Billion Worth of Drugs in Arabian Sea In a remarkable display of professionalism, the Pakistan Navy has seized narcotics worth approximately $972.4 million during a successful operation in the Arabian Sea. According to U.S. CENTCOM, the operation was carried out by PNS Yarmook under the Saudi-led Combined Task Force 150. Within just 48 hours, the Navy intercepted two suspicious boats and recovered 2 tons of crystal meth, 350 kg of ice, and 50 kg of cocaine. CENTCOM and Saudi Royal Navy Commander Fahad Al-Juwaid praised the Pakistan Navy for its precision and coordination, calling it a “strong example of international maritime cooperation.” Pakistan continues to prove itself as a key force in maintaining regional security and combating global drug trafficking.

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🚀 Yangwang U9 Xtreme Breaks Record as the World’s Fastest Production Car BYD’s luxury brand Yangwang has made history. Its all-electric hypercar U9 Xtreme has reached an astonishing 496.22 km/h top speed during tests at the ATP Papenburg track in Germany, making it the fastest production car on the planet. Powered by four electric motors delivering nearly 3000 PS, and built on BYD’s advanced 1200V Blade Battery system, the U9 Xtreme shows how far EV technology has come — not just matching but surpassing legendary supercars like the Bugatti Chiron Super Sport 300+. With limited production of only 30 units, its aggressive aerodynamics, semi-slick tires, and track-focused design helped it achieve this record-shattering speed. ⚡ The U9 Xtreme isn’t just a car — it’s a glimpse into the future of electric performance. Do you think electric hypercars are now ready to dominate the world of speed?

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On October 16, the Istanbul Metropolitan Council unanimously endorsed a proposal to establish a sister city relationship with Gaza City. This initiative sets the stage for collaborative efforts in education, cultural exchange, economic development, and humanitarian support. In a separate motion, the Council also approved the delivery of humanitarian aid to Gaza, reinforcing its commitment to the newly formed partnership.

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🏅 Gold and Silver Prices in Pakistan Keep Rising — Investors Turn to Safe Havens Gold prices in Pakistan have continued their steady climb, reaching new record levels amid ongoing economic uncertainty. The price of 24K gold has now touched PKR 442,600 per tola, while 22K gold stands at PKR 405,715 per tola. Silver is also on the rise, currently priced at PKR 5,247 per tola. Experts say this consistent surge is driven by a mix of factors including the depreciating rupee, rising global inflation, and geopolitical instability. As international markets remain tense and investors lose confidence in volatile currencies, gold and silver are being seen once again as the safest stores of value. Local traders believe prices could continue to increase if the global demand for precious metals stays strong and Pakistan’s currency remains under pressure. Meanwhile, buyers are becoming more cautious, waiting for stability before making large purchases. #Gold #Silver #PakistanEconomy #PreciousMetals

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