DefenseNews

US Army faces flat FY25 budget as personnel costs rise

March 13, 2024
The U.S. Army’s $185.9 billion fiscal year 2025 budget request increased by just $400 million over the previous year’s request, which would leave the armed service to work within the confines of a almost flat budget while having to address rising military personnel costs, recruiting struggles and wars in Ukraine and Gaza. The service is asking for $175.4 billion in its base budget and another…
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Cleantech & EV'sNews

Span smart panel expands homebuilder/utility footprint with additional form factors

March 13, 2024
It has been a big few weeks for smart electrical panel-maker Span. The company announced major deals with Pulte Homes and utilities with Landis + Gyr. The startup also expanded its lineup to include small home and apartment-sized panels and even subpanels But firstly, why do we even need $3500 smart electric panels? We last caught up to Span last year when they announced a smart EV charger…
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CryptoNews

Tether Launches USDT on Celo Targeting Increased Usability

March 13, 2024
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability…
CryptoNews

Crypto Economy's Rise Fuels Defi Sector to Surpass $100 Billion TVL

March 13, 2024
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial rise in the overall value of the cryptocurrency market. Major Growth in Defi Currently, the…
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DefenseNews

US Air Force budget request leans toward R&D, trims fighter purchases

March 12, 2024
The Air Force’s proposed budget for fiscal 2025 would cut procurement of two major fighter programs — the F-35A and F-15EX Eagle II — and boost research and development funding for future capabilities. The service plans to buy 42 Lockheed Martin-made F-35As for $5.9 billion and 18 Boeing F-15EXs for $1.8 billion next year. That would be a reduction from the 48 and 24 fighters, respectively…
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