Latest news with #crypto
Forbes
4 hours ago
- Business
- Forbes
Crypto IPO: 3 Things You Need To Know About The IPO Season
The Wall Street sign in the Financial District of Lower Manhattan in New York City. Circle's successful IPO has sent a signal. A strong one. The crypto world is heating up again, but this time, it's happening on Wall Street. Crypto companies are making a comeback after a long period of regulatory uncertainty. Circle, the stablecoin issuer, has initiated a global sensation in capital markets. Understandably so. Circle's recent debut on the New York Stock Exchange as CRCL was impressive, to say the least. CRCL's share price skyrocketed nearly 600% from its IPO price of $31 to a high of $215 during the day. With a market cap of $45 billion, Circle has quickly become the representative of a new trend, giving rise to a crypto IPO season. Was it a flashy debut? Yes, and for all good reasons. Circle's IPO, the biggest in recent history, marks a major milestone in the industry's journey toward mainstream acceptance. USDC, Circle's flagship stablecoin, is backed by over $32 billion in reserves and is already a core component of onchain finance, serving as a payment medium that dominates the whole crypto ecosystem. But there are three key things you need to know about this year's IPO season to understand this phenomenon. 1. It's Only The Beginning Of Crypto IPOs Just days after Circle's IPO, Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, confidentially filed paperwork for its own IPO in the U.S. At the same time, all eyes moved onto Kraken, which is reportedly preparing to go public sometime in early 2026. Another company making moves is BitGo, a regulated U.S. crypto custodian. Back in February, reports suggested it was aiming for an IPO as early as 2025. A few other names also stand out as potential IPO contenders: These companies span the entire spectrum, from custody and analytics to wallets and infrastructure. What they have in common is a fresh appetite for public capital and growing investor interest, especially institutional one. As one analyst put it, 'After watching Circle's stock take off, any crypto firm with a clear business model is now looking at the IPO route seriously.' 2. The IPO Process Although the range of companies participating in the IPO summer is wide, crypto exchanges are leading the charge in pursuing US stock market listings. Think Gemini, Kraken, Bullish Global, FalconX, and Bithumb. These types of businesses are particularly well-positioned for public listing due to their strong cash flows, large customer bases, and stable business models that appeal to traditional investors. There are different ways companies can go about executing public offerings. Traditional IPOs remain the gold standard, particularly for mature companies with strong compliance records and established business operations. However, this process is very complex and time-consuming, making it most suitable for larger platforms with proven business models and solid profitability. That's why for smaller cryptocurrency companies seeking a faster path to public markets, reverse mergers have become a popular alternative. Companies, such as TRON, have successfully leveraged this approach by acquiring existing public companies to quickly gain access to the stock market, bypassing the lengthy traditional IPO process. Meanwhile, some companies are opting for direct listings. This is shown by Kraken's approach, which achieved a $16.2 billion valuation. They were able to create market liquidity for their shares without the need to raise new capital, making it ideal for firms that don't necessarily require additional funding but instead want to provide exit opportunities for existing shareholders. 3. High Crypto IPO Expectations Circle has definitely set a high bar. Its stock soared, boosting confidence across the crypto sector. But Circle isn't your typical crypto company. Their stablecoin, USDC, is a go-to onchain payment solution. In addition, its business model—earning yield on reserve assets—is easy for traditional finance folks to understand. Retail and institutional demand are growing, and with a government no longer hostile, investors see 2025 as the year when crypto companies leverage the IPO playbook. The dramatic shift in institutional adoption is particularly compelling. As of January 2025, 86% of institutional investors reported having exposure to digital assets or planned to make digital asset allocations later in the year. Additionally, recent success stories have proven that crypto companies can achieve substantial valuations in public markets. Circle's roughly $1.1 billion public listing formed the largest crypto IPO in recent history, sparking high expectations among industry experts that more digital asset companies will soon follow suit. However, only time will tell if this crypto IPO summer turns into an IPO supercycle, but Coinbase being the best performing S&P500 stock in June is definitely a promising sign.
Forbes
4 hours ago
- Business
- Forbes
‘Huge' BlackRock Crypto Bombshell Suddenly Hurtling Toward Bitcoin At Key Price ‘Turning Point'
Bitcoin has bounced back in recent weeks, surging as serious U.S. dollar collapse fears drive billionaire interest in bitcoin. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has soared toward its all-time high of $112,000 per bitcoin, with traders betting a looming Federal Reserve flip will turbo-charge the crypto market. Now, as U.S. president Donald Trump issues a surprise crypto prediction, bitcoin and crypto are braced for a 'huge' BlackRock crypto market bombshell that has suddenly appeared on the 'horizon.' Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run BlackRock chief executive Larry Fink has become one of the most bullish bitcoin price voices on Wall ... More Street in recent years. In-kind redemptions for the bitcoin and crypto exchange-traded funds (ETFs) that have taken Wall Street by storm over the last 18 months could be coming soon, according to U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce. 'I can't prejudge, but we hear that there's a lot of interest,' Peirce, who heads up the SEC's crypto task force, said on stage at a Bitcoin Policy Institute event, adding that in kind bitcoin and crypto ETFs are now 'on the horizon.' In-kind redemptions allow investors to exchange ETF shares directly for the underlying asset rather than receiving cash, which is currently the case for the spot bitcoin and crypto ETFs approved by the SEC in early 2024—a change described as 'huge' by Bloomberg Intelligence ETF analyst Eric Balchunas. In-kind redemptions for bitcoin and crypto funds would make it cheaper and quicker for traders to buy and sell ETF shares, potentially making them more attractive to institutional investors on Wall Street. Earlier this year, BlackRock, which has dominated the spot bitcoin ETF market with its $75 billion IBIT fund, asked the SEC to permit in-kind creations and redemptions for bitcoin ETFs, instead of having to use cash, with the likes of Fidelity and other smaller bitcoin and crypto ETF providers following suit. "Those (forms) are going through the process now," Peirce said. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has rocketed to an all-time high this year, helped by BlackRock's massive $75 ... More billion bitcoin exchange-traded fund (ETF). BlackRock, which manages after around $10 trillion worth of assets for investors, spearheaded Wall Street's campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with a fleet of funds debuting in January 2024 that now hold 1.4 million bitcoin worth $152 billion. BlackRock's fund alone holds around 3% of the 21 million bitcoin that will ever exist, worth almost $75 billion at the current bitcoin price, which some have warned could be giving BlackRock outsized control over the network. Meanwhile, the combined bitcoin price and crypto market is on the verge of a 'turning point' as it hits $3.4 trillion, according to one analyst. 'The $3.4 trillion to 3.55 trillion range is a turning point, which has activated sellers and prevented the market from consolidating higher,' Alex Kuptsikevich, FxPro chief market analyst, said in emailed comments. 'Since the end of Wednesday, bitcoin has been testing the $108,000 mark, but it will sell off when it touches this level. Over the past couple of days, we have seen a smooth but steady intraday uptrend, accompanied by heavy buying from medium—and long-term investors. We see this as a sign of buying by professional market participants and link it to strengthening stocks, which increases the likelihood of reaching $110,000 or even $112,000 as early as this week.'
Globe and Mail
6 hours ago
- Business
- Globe and Mail
Could Solana Overtake Ethereum by 2026?
Every bull market has its David-and-Goliath subplot. In crypto right now, Solana (CRYPTO: SOL) is the nimble rising star that's aiming to take the crown from the heavyweight champion, Ethereum (CRYPTO: ETH). The prize is becoming the smart contract platform that mainstream capital chooses to use first. Both coins have surged in the past three years, though Solana's gain has been faster, sparking talk of a coming "flippening," where its market value might eclipse Ethereum's. Is the chatter just noise, or is there a signal here that investors should heed? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Why Solana is going to keep closing the gap Crypto users and investors tend to be an impatient bunch. Effectively, that means that when they're evaluating a new chain, its speed comes first. In that vein, independent benchmarks show that Solana consistently pushes thousands of real user transactions per second (TPS), and also that it can burst beyond 50,000 TPS when stressed with a high volume of load. In contrast, Ethereum's base layer still confirms a block every 12 to 13 seconds, limiting it to double‑digit values of TPS before needing to try to shunt users to costlier Layer 2 (L2) chains, which often require different tooling to interact with. Velocity attracts users. In September 2024, Solana logged 3.2 million daily active wallet addresses versus Ethereum's 410,000. The same pattern holds this year, with the numbers hardly changed. Per DeFiLlama, a crypto data aggregator, Solana handled $2.2 billion of decentralized crypto exchange (DEX) volume in the last 24 hours as measured in the afternoon of June 24. That's almost on par with Ethereum's $2.5 billion, despite Ethereum commanding nearly four times the total value locked (TVL) on its chain. The takeaway here is that new capital is likely to flow to where it can transact the fastest, and Solana is punching in the same weight class as Ethereum despite its significantly smaller size. Revenue data tell the same story. Between June 23 and June 24, Ethereum generated about $1.3 million in chain revenue and $2 million in decentralized application (dApp) revenue. Solana brought in $121,000 in chain revenue and and nearly $4 million in app revenue. In other words, Solana's apps are already earning roughly double what Ethereum's do, while its market cap is only about 25% as large. The metric of profitability per dollar of network value is thus working significantly in Solana's favor. The market cap gap also is narrowing. Ethereum's market capitalization hovers near $291 billion, while Solana's sits at about $77 billion. To outrank Ethereum today, Solana would need a roughly 280% price increase. That sounds steep, yet Solana has posted gains of that magnitude in shorter stretches before. What could stall the flippening (and why it still might happen anyway) Despite Solana's significant gains, Ethereum is hardly standing still. Its latest upgrade package, Pectra, went live on May 7, bundling 11 improvement proposals that expand block space, streamline wallet user experience, and raise the staking caps. Average gas (user) fees are now down since the update, though transaction speeds are roughly the same as before. The upgrade thus blunts Solana's cost advantage and potentially buys Ethereum time to work on its speed. Beyond the performance of its core tech, Ethereum's moat is its developer community. It still commands the largest pool of app developers and liquidity in crypto finance, though Solana added more new developers than Ethereum in 2024. Those network effects buy Ethereum even more breathing room to iterate and copy useful features that competitors debut. And the capital on its chain is likely to be at least a bit sticky. So could SOL really tack on 280% in six quarters to flip Ethereum? It might, if macro liquidity surges, and if it wins against its rival in key growth segments like artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), and real-world asset (RWA) tokenization. Barring that confluence of factors, a flippening is vastly more plausible in the 2029‑2030 window than it is within the next couple of years. For long‑term investors, the right approach is straightforward. Solana offers higher growth potential at the cost of higher execution risk. Ethereum offers a sturdier, slower‑growing base that is still innovating and could still offer substantial returns. Holding both coins would hedge the unknowns, but if you're forced to pick one horse for outperformance over the next five years, Solana looks like the better bet. Should you invest $1,000 in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
Daily Mail
7 hours ago
- Business
- Daily Mail
I moved to Dubai and paid 0% tax - on paper it had everything but now you couldn't pay me a million dollars to move back
A man who moved to Dubai has said not even a million dollars could tempt him to go back. The young Italian re-located to the Arab city in 2022 with his Russian girlfriend hoping for 'safety', 'luxury' and 'freedom'. But instead of the 'dream' they were met with a 'nightmare' as the pair found Dubai to be 'fake'. Taking to X, the dissatisfied traveller - who goes by the name Walter Ego - said those who value status, luxury and certainty would love Dubai - but others should think twice about moving. He described the experience of moving to the United Arab Emirates with his girlfriend, who lived in Georgia at the time. The couple were tempted to book tickets following the start of war in Ukraine amid fears the country was just '10 hours away'. And so after two hours of discussion they booked their flights and were off in two days. Walter Ego said: 'My girlfriend was safe. Finally zero per cent taxes, no accounting, no more uncertainty around my crypto trading income. 'A new adventure had begun. And the dream felt real.' The trader, who also claims to work as a ghostwriter for CEOs, said the transition was initially 'smooth' as he had a close friend in Dubai. He added the weather was 'bearable' as it was still spring and he was impressed at first by the door-to-door economy that offered clean, safe, and healthy food. But soon, as the weather got hotter, things also started to appear more 'boring'. Walter Ego noticed the architecture, 'despite impressive verticality', was quite dull. Both real and artificial beaches also felt 'fake'. When June came, the Italian said he began 'looking for mess' - but to no avail. He explained: 'Dubai was sleek in every direction. Precise in its routines. Optimised to the minute. But that was the problem. Every struggle came frictionless. Even chaos felt curated. I'm Italian. I moved to Dubai in 2022 to pay 0% tax. On paper, it had everything: Safety. Luxury. Freedom. But instead of the dream, I lived the nightmare. If they paid me $1M to go back, I'd say no. Here's why (and what no one tells you): 🧵 — Walter Ego (@ItsWalterEgo) June 20, 2025 'And slowly, I started to feel it. The quiet emptiness behind the perfection.' The couple have now left Dubai and Walter Ego says three years later he is living between Tbilisi and Italy, 'unoptimised, but alive'. He concluded: 'What matters most isn't efficiency, but living in a place that reflects your soul back to you.' Since sharing his experience, the cryptocurrency trader's post has been viewed more than three million times. He has also stated 'If they paid me $1M to go back, I'd say no'. Many people have since given their own thoughts - with some saying they agree, but others calling Walter Ego an 'insufferable complainer'. Peter Saddington said: 'Sounds like you went to Dubai so you could write a blog post. Lame. Moving to any location doesn't matter, you still have to deal with you, your baggage, and your lack of self-awareness. 'Find purpose where you are sir. Changing location is an expensive cope.' There were a lot of social media users who shared in the experience of Walter Ego and also found Dubai to be 'fake' Winnie. K.M. added: 'Interesting how perspectives vastly differ. 'I moved to Dubai unintentionally last October. My reasons were not financial. I loved the culture, the architecture that you hate, the warmth of the people, the heat you complain about and more.' And another person said: 'An insufferable complainer who wrote this thread. Absolute loser mentality.' But there were a lot of users who shared in the experience. Sankrant Sanu said: 'Something here really rang true. When I visited Dubai I noticed the emptiness. Some friends had oved there. Luxury status efficiency. And emptiness.' Marti M-K added: 'I've enjoyed your raw, honest story, thank you for sharing the adventure with us.' A third person concluded: 'Dubai is a weekend/short holiday destination. Despite all its flaws, nothing comes close to Europe. 'Nothing comes close to Paris, its Riviera, or Italy, its lakes, mountains, and sea sides.' Dubai is the most populated city in the United Arab Emirates and is located on the south-eastern coast of the Persian Gulf. The area became a regional trade hub in the 20th century after declaring itself a free port. It is home to the world's tallest building, the Burj Khalifa and more than 190 miles of artificial coastline has been added as part of extensive land-reclamation projects. Over the last few years a number of celebrities have shared stories of flocking to Dubai for a new life - though the Foreign Office has issued a warning in the last few days to UK tourists thinking of visiting amid the ongoing Israel-Iran conflict. In January this year the political journalist Isabel Oakeshott, who is partner of Reform UK Deputy Leader Richard Tice, confirmed she had moved to Dubai with her children and claimed the decision was prompted by the introduction of VAT on private school fees by the Labour government in the UK. Other celebrities who own property or reside in Dubai include David and Victoria Beckham, Lindsay Lohan and Cristiano Ronaldo.
Crypto Insight
8 hours ago
- Business
- Crypto Insight
Crystal Intelligence shares top insights from the frontlines of the battle against crypto scams
Ensuring top-notch cybersecurity is an essential necessity for businesses to set up shop in the modern business world, and the crypto industry is no exception. Similar to their Web2 counterparts, the crypto landscape fights its own battle against the ever-increasing scams and other security risks. Straightforward scams have transformed into complex, multi-layered operations that pose significant challenges to organizations. As illicit activities become more difficult to crack, the business world dealing with cryptocurrencies is increasingly seeking advanced intelligence and analytics. Crystal Intelligence, a blockchain analytics firm, addresses this need by uncovering hidden patterns in blockchain transactions. The company provides tools that help businesses detect and prevent illicit activities, identify high-risk entities and comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. By enhancing transparency and security, Crystal Intelligence aims to keep institutions ahead of evolving crypto threats. Leveraging a team of analysts fluent in many regional languages across the Middle East, North Africa and Asia-Pacific, Crystal Intelligence offers insights that are both globally comprehensive and locally precise. This regional expertise helps clients understand on-the-ground risks and regulatory frameworks, enabling them to operate in complex jurisdictions and effectively mitigate region-specific threats. In this interview, Crysta Intelligencel's lead investigator Andrii Sovershyenni and senior investigator Federico Paesano share key insights into the tricky landscape that crypto businesses must navigate and how to be better prepared against crypto scams and frauds. Cointelegraph: Can you tell us about Crystal Intelligence and its mission in the blockchain and crypto space? Federico Paesano: Crystal Intelligence helps organizations understand and manage cryptocurrency through advanced blockchain analytics and compliance solutions. Our tools allow for real-time tracking, risk assessment, and detailed analysis of crypto transactions. This makes us an essential partner for compliance professionals, regulators, and investigators in the crypto field. We also provide training programs. These programs teach clients best practices in the crypto world and equip law enforcement and private sector teams with the skills they need to trace crypto assets. CT: Crypto scams have evolved significantly over the years. What trends or types of scams have you seen rise the most recently? FP: The way criminals use cryptocurrency has changed a lot over the years. They have become more skilled and now use new technologies to avoid being caught. Let's look at the latest changes in this area and see how they have developed. In the past, scammers used simple tactics to hide their activities. They sent Bitcoin (BTC) through multiple addresses to cash out anonymously via exchanges like BTC-e. However, as regulations became stricter and investigators improved their skills, these basic methods became less effective. The rise of KYC policies and the growing cooperation between centralized exchanges and law enforcement made it much harder for bad actors to cash out without leaving a trace. In response, crypto criminals are changing their tactics. They are using more complex methods that take advantage of new products and services in the blockchain space. Swaps, token bridges and decentralized finance (DeFi) protocols have become the tools of choice for criminals seeking to cover their tracks. Scammers and thieves use these technologies to exchange tokens across different blockchains without going through centralized platforms that require identity checks or interaction with authorities. They take advantage of decentralized exchanges (DEXs) and smart contracts to move funds across multiple blockchains quickly, without the oversight that regular exchanges offer. This makes it harder to track illegal activities. Every day we work with law enforcement agencies around the world. They focus on staying updated on new developments, adjusting to changes, and using the latest tools to track and reveal hidden activities. CT: Can you walk us through a scenario where your technology helped identify or prevent a scam? FP: Acting quickly is crucial in every financial investigation. This is especially so when dealing with cryptocurrencies. The difference between stopping a scam and losing money may be mere minutes. This is where Crysta Intelligence's real-time blockchain analytics can help. Our technology tracks and analyzes crypto transactions as they occur, allowing you to spot illegal activity before it's too late. Big news! Crystal is highly commended at the 2024 Regulation Asia Awards for Best #Blockchain Analytics & Investigations Solution! 🎉 Discover how we're advancing blockchain #compliance & #frauddetection: — Crystal Intelligence (@CrystalPlatform) November 5, 2024 We can quickly label suspicious addresses and entities. Our intelligence team identifies addresses linked to crimes like theft, scams, and hacks, and categorizes them within minutes. This fast response is very important. For example, if stolen funds are sent to a cryptocurrency exchange to be cashed out or exchanged for other tokens, our advanced monitoring tools alert the exchange's compliance team as soon as the funds arrive. They can then take action against the illegal source of the funds. In some cases, this alert can help slow down the flow of stolen funds and may even stop criminals from accessing or laundering the money further. We have many cases where we have been asked to help with investigations. When criminals tried to move funds through multiple digital wallets, our expert investigators noticed unusual patterns. They traced the funds and sent out immediate warnings. Often the exchanges involved will work with us to freeze the funds, and block criminals from cashing out, allowing law enforcement to follow the trail of the stolen assets. CT: How does Crystal Intelligence help law enforcement in crypto-related investigations? Are there any notable cases where your team played a key role? FP: When law enforcement investigates crime proceeds in blockchains, several key factors can determine the success of their work. First, it is essential that the tools are easy to use. A powerful tool is not helpful if it confuses investigators with too much complexity or information. Crystal Intelligence has spent a lot of time improving its user interface to ensure even advanced features are easy to navigate. The graphs and visualizations help investigators see complex crypto transaction patterns clearly without being hard to read. This clarity is crucial in fast-paced situations where every moment matters. Second, attribution data is vital to connecting crypto addresses to individuals or organizations. Crystal Intelligence helps law enforcement establish these links by showing relationships between addresses, transactions, and known entities. This then lets investigators follow the money and contact relevant institutions or people. Compliance teams also benefit from this data, as it helps them assess risks in customer transactions and spot potential criminal activity. Finally, the reliability of the data is critical. Crystal's Intelligence Team works very hard to verify data and gather evidence for accurate attribution and risk scores. This is important as law enforcement agencies must be able to trust the data to act effectively, whether it's freezing assets or pursuing further investigations. CT: Blockchain technology is often praised for its transparency, but scams still occur. What are the challenges in identifying and preventing fraudulent transactions on the blockchain? Andrii Sovershennyi: The largest issue we face is speed. Collecting information about fraud is quite straightforward, but doing it quickly can be challenging. Blockchain payments are faster than traditional payments. With quick confirmation times, an attacker can receive payment and convert funds very quickly, leaving little time for anyone to act proactively. At Crystal Intelligence, we are constantly working to speed up how we collect and use labels in our system to help our clients. This challenge gets harder with fraud, as victims often only realize they have been defrauded much later, and they may never get their money back. That's why it is important to raise awareness about common types of fraud and support trustworthy businesses. CT: Looking ahead, what do you think the future holds for blockchain security? Are there any emerging threats on the horizon that we should be aware of? AS: Blockchain security can be very challenging. Many people, including myself, believe that keeping your own crypto instead of relying on exchanges is safer. However, it can be risky if you lose your private key or if it gets stolen. It's difficult to comment on emerging threats. But the general rule is that criminals innovate constantly. Attackers are becoming more skilled and have pulled off impressive heists against well-protected targets. Many of these attacks use social engineering, like impersonating customer service, and modern AI tools can help them create convincing fake voices, images, and videos. I think the focus on security will shift from technology to laws and regulations. Services will need to prove that they take security seriously, and there may be specific rules about how they handle custody. CT: Finally, what advice would you give to crypto investors or businesses to better protect themselves from falling victim to scams? AS: Many factors are involved when businesses want to work with cryptocurrency. To start, they should follow the recommendations in open standards like the Cryptocurrency Security Standard (CCSS). This standard offers good policies and guidance. There are also many firms that can help businesses create and apply the necessary security measures. For consumers, it's best to choose a licensed and regulated cryptocurrency exchange. Instead of just looking for the 'best cryptocurrency exchange near me', check the list of authorized firms from national financial regulators. While this doesn't guarantee safety, being regulated means these firms must follow certain rules. Additionally, you can visit the International Organisation of Security Commissions (IOSCO) to find information on investor protection. They have a list of services that warn about potential issues. Their site also has many valuable free resources for learning about investments, which can help you assess the opportunities you come across. Crystal Intelligence's website provides a wide range of resources for victims of cryptocurrency scams and helps businesses improve their security through education and awareness. Source:
