Retail investors who chased Michael Saylor’s Bitcoin vision are now confronting heavy losses, as the turmoil around Strategy Inc.’s stock intensifies and leveraged products tied to it unwind sharply. The rout has erased gains built during the crypto mania and left funds tracking the company’s volatile bets struggling to retain assets. The developments were reported by Bloomberg.Strategy — once seen as a simple route to hold Bitcoin through a listed stock — has dived more than 60% from recent highs. The company said on Monday that it had created a $1.4 billion reserve to manage dividend and interest payouts, a step meant to ease concerns it might be forced to sell Bitcoin if prices fall further.Leveraged bets unravelFor many investors, that reassurance came too late. MSTX and MSTU, two funds offering double the daily return on Strategy’s stock, have each fallen more than 80% this year, placing them among the 10 worst performers in a US ETF universe of more than 4,700 products. A third fund, MSTP, launched in June, has dropped by a similar amount. Together, the trio has shed about $1.5 billion in assets since early October.Retail interest had originally surged when firms such as Defiance and Tuttle Capital Management rolled out these high-octane products to mirror one of Wall Street’s most visible Bitcoin-proxy trades.Strategy shares slid 34% in November. Bitcoin, down roughly 30% from its October peak, trades near $87,000, while the stock closed Monday 3.3% lower after falling as much as 12% during the day. Bitcoin advanced 0.5% as of 6.20am in London on Tuesday.“The recent pullback in Bitcoin has hit Strategy’s stock hard, and 2x leveraged plays like MSTX and MSTU turn that into even larger losses,” said Roxanna Islam, head of sector and industry research at ETF shop TMX VettaFi. “It’s a reminder that leveraged single-stock ETFs can look great on the way up, but can erase gains very quickly when the underlying trade goes the other way.”Defiance declined to comment. Tuttle Capital and GraniteShares, which is behind MSTP, did not immediately respond to requests for comment.Funding strain and index threatAt the centre of the market’s worries is mNAV, a metric comparing Strategy’s enterprise value with its Bitcoin holdings. The premium embedded in that ratio has largely evaporated, pulling it to about 1.15, a level executives have described as a caution zone. CEO Phong Le said on a podcast that slipping below 1.0 could force the firm to sell Bitcoin to meet payout obligations, though only as a last resort.The new reserve, financed through recent equity sales, covers at least 21 months of dividend and interest payments. But it has not quelled concerns over Strategy’s dependence on leverage, its reliance on retail flows, and the strain on its capital model.To keep buying Bitcoin, Strategy has repeatedly issued common stock — a move that dilutes existing shareholders. With its valuation premium narrowing, the company has shifted towards preferred shares and other costlier capital to sustain its crypto strategy.The ETF ecosystem linked to Strategy is also struggling. At least 15 products tied to the stock are currently trading, many down double digits this year. Combined assets for MSTX, MSTU and MSTP have fallen from more than $2.3 billion in early October to about $830 million, Bloomberg data show.The broader crypto slump — despite increased institutional participation and political support from the Trump White House — has dragged down miners, altcoins and firms with token-heavy treasuries. Leveraged ETFs, popular with at-home traders earlier this year, are among the hardest hit.These funds aim to deliver double Strategy’s daily move. In volatile markets, compounding returns — known as volatility decay — can steadily erode performance even if the underlying stock ends flat. When Strategy’s shares dropped and whipsawed, the ETFs amplified the losses.“Leveraged ETFs are generally a dangerous investment. A leveraged ETF on shares of a stock that levers up to buy a highly speculative asset is a risk profile of its own,” said Michael O’Rourke, chief market strategist at Jonestrading.Strategy may now face removal from key benchmarks. Analysts at JPMorgan warned that the stock could be excluded from indices such as the MSCI USA and the Nasdaq 100, a shift that could unleash billions in passive outflows. The reversal is striking for a firm once viewed as a potential S&P 500 entrant.

Temba Bavuma and Rohit Sharma (Image credit: Agencies)

NEW DELHI: South Africa captain Temba Bavuma believes that while playing against Virat Kohli and Rohit Sharma is not a new experience, their presence undeniably strengthens the Indian lineup. The experienced duo played key roles in India’s 17-run win in the opening ODI of the three-match series, with Kohli scoring his 52nd ODI century and Rohit contributing 57. The second ODI will be played on Wednesday.Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!“The inclusion of those two guys that does bolster the team. Like we said at the start of the series, these are two guys who have a lot of experience and a lot of skill and that can only benefit the team. It is not something that we are not aware of,” Bavuma said during a press interaction before South Africa’s training session at the Shaheed Veer Narayan Stadium.

Reflecting on their longevity and stature in world cricket, Bavuma shared a personal memory, recalling Rohit Sharma’s rise as a young batter.“We played against, Rohit… I think it was in 2007, the T20 World Cup, I was still in school then. I mean, these guys have been around, so there is nothing new. These are world-class players,” he said.He added that facing such players is part of the sport and makes the contest more thrilling.“(Coming up against them is) nothing new, we have come across it. We have been on the bad end of it. But we have also had good times against them. It all just makes the series a lot more exciting.”Bavuma also addressed recent controversy around South Africa head coach Shukri Conrad’s use of the word “grovel,” saying the matter required no clarification.“No, I don’t think it is distracting (and) no it’s not for me to clarify,” he said.The Proteas skipper praised Marco Jansen for his brilliant 39-ball 70 in the first ODI.“From an all-rounder point of view, I don’t know where the rankings sit (but) I am sure Marco Jansen, in any one of the formats will definitely be in a top 10… He is only growing into his own and becoming a lot more comfortable under his skin.”Despite the defeat, Bavuma insisted there was little between the sides.“We were 15 runs (17) short of them… India played well, their two stalwarts stood up but we were not too far off.”Speaking about Test cricket, Bavuma expressed hope for longer, high-quality bilateral series.“All of us have been crying for more cricket especially against the top nations… Those are for, I guess, the people in suits, the Cricket South Africa.”With a smile, he added some players might want those longer series sooner rather than later.“Some of us are getting a little bit old, so we’re not going to go too long to make another four match Test series against India,” he said.

MUMBAI: The Economic Offences Wing of Mumbai police has registered an FIR of cheating against ALX shipping agencies, subsidiary of All cargo shipping and Dubai based Aladdin Express which is accused of persuading a investor Logistic company to invest with a promise of good returns but failed to pay. The firms also executed multiple business agreements to gain complainant’s trust and later violated these commitments, resulting in a financial loss of Rs 18.33 Cr to the complainant. The complaint was lodged by 45-year-old Vishal Mehta, Director of Rushabh Sealink and Logistics Pvt Ltd. Police registered an FIR of cheating, forgery and breach of trust and the EOW has taken over the probe. The alleged offence period spans from April 22, 2025, to the present, with the crime location listed as Art Guild House in Kurla (West).The FIR names Sandeep Bakshi, CEO of ALX Shipping Agencies India Pvt Ltd; Vikas Khan, Director of Aladdin Express DMCC; Ali Khan, CEO of Aladdin Express DMCC; and the companies ALX Shipping Agencies India Pvt Ltd and Aladdin Express DMCC as accused. The ALX shipping CEO Sandeep Bakshi responded to TOI saying the payments have been received in ALX India agency bank account and remitted to ALX DMCC Dubai Bank with 2 approvers one from ALX India and one from Allcargo finance team. “ I have been made scapegoat in this, I have only followed instructions of the directors and shareholders of ALX India/Alx DMCC. The cheque books were not in my custody. No amount has come into my personal account. All relevant emails and approvals from the Shareholders / directors of ALX India agency / ALX DMCC Dubai have been submitted with EOW.’’ Said Bakshi.All cargo took the financial decisions and was dealing with the Bankers, auditors and accounting with ALX DMCC finance persons. Mehta has alleged that Bakshi persuaded him in April 2025 to invest Rs10 crore in OEL Express India Pvt. Ltd., promising a fix profit on every assignment. Although the first investment cycle was returned, subsequent transactions allegedly resulted in large unpaid amounts. Mehta stated that only Rs1.5 crore was returned from a second Rs10 crore investment in OEL Express. He further invested Rs10 crore in ALX Shipping on Bakshi’s instructions, for which he was assured Rs12.10 crore in two months. The complaint says that Rs8.75 crore from this transaction remains unpaid.The complainant also alleged losses due to non-arrival of ships Leela Mombasa and Xinjinhai-2 after release orders were issued to his company. To prevent damage to perishable cargo, Mehta claims he transferred US$ 8,75,000 (Rs7.61 crore) to ALX Shipping to cover vessel fuel and freight dues. He was also promised US$ 1,25,000 (Rs1.08 crore) as profit from a voyage, which he says was not paid.Mehta further reported an additional Rs88 lakh loss after ALX allegedly withdrew a release order for 302 containers, forcing him to ship consignments through another vessel. The case involves both domestic and foreign companies, and investigators are now tracing the financial trail to determine whether funds were transferred abroad and, if so, to which entities and accounts. More individuals are likely to come under scrutiny as the probe progresses.Bakshi has also filed an application with EOW against ALX and All cargo for having cheated him and were aware of all the wrong doing, but made him a scapegoat.

Daily breakfast habits often feel so routine that their long term impact goes unnoticed, and the bread omelette is one of the most familiar examples. Its simplicity, low cost and comforting familiarity have secured its place in countless households. Yet as scientific interest in metabolic health, refined carbohydrates and dietary fats grows, even this uncomplicated morning meal has become part of wider discussions about blood glucose stability, lipid regulation and energy balance. Researchers examining how common food pairings influence these outcomes have shown that subtle differences in grain type, oil choice and protein structure can reshape the overall nutritional profile. Within this evolving context, the humble bread omelette now invites closer examination.

Bread determines much of the meal’s glycaemic behaviour, and research consistently shows clear contrasts between refined and wholegrain options. Refined white bread digests quickly because the bran and germ are removed, causing faster glucose absorption and shorter periods of satiety. Wholegrain bread, by comparison, contains intact fibre and micronutrients that promote slower digestion and support steadier morning energy. This divergence becomes more significant when eaten with a protein rich item such as an omelette, as the quality of the carbohydrate influences the hormonal response to the combined meal.

A large cohort study published in The BMJ found that higher wholegrain intake is associated with lower all cause mortality and improved metabolic markers compared with diets dominated by refined grains, reinforcing the physiological advantages of fibre rich breads.Common bread varieties differ in the following ways:• White bread, produced from refined flour, triggers rapid glucose release and minimal fibre support.• Wholegrain bread, which contains bran and germ, delivers sustained energy and promotes digestive regularity.• Multigrain or seeded bread, which includes a mixture of grains and seeds, enhances micronutrient density and improves satiety.These differences illustrate why substituting refined bread for wholegrain or seeded alternatives can meaningfully strengthen the nutritional quality of the entire breakfast. Grain diversity, resistant starch formation, soluble fibre content and a lower glycaemic load can help stabilise insulin response, improve gut microbiota balance and support long-term metabolic resilience when chosen consistently in daily meals.

Eggs provide complete proteins and a range of micronutrients that contribute to stable morning appetite and cognitive function. Nutrients such as choline, vitamin B12 and fat soluble vitamins support neurological health and metabolic efficiency. When cooked as an omelette, eggs digest slowly enough to provide several hours of steady energy, and the protein structure helps regulate post meal glucose fluctuations. The effect becomes even more pronounced when vegetables are included, because they add fibre and antioxidants without increasing calorie load.According to a study published in the British Medical Journal, moderate egg consumption within balanced dietary patterns does not appear to raise cardiovascular risk for most individuals, although outcomes vary depending on the foods paired with the eggs.Different omelette styles influence the nutritional balance of the meal:• Plain omelette, high in protein and moderate in calories.• Vegetable omelette, richer in fibre, antioxidants and micronutrients.• Masala omelette, flavourful and aromatic, but may elevate sodium depending on preparation.Research published in JAMA indicates that egg consumption, when situated within balanced diets, does not meaningfully worsen lipid levels for most individuals, suggesting that the omelette portion of the breakfast can fit comfortably within health supportive eating patterns.

The oil used to prepare the omelette plays a decisive role in determining whether the meal supports metabolic balance or introduces unwanted fat intake. Saturated fat heavy oils such as butter or ghee can raise LDL cholesterol in individuals sensitive to dietary fats, especially when used frequently. Conversely, oils higher in monounsaturated fats tend to align more closely with favourable cardiovascular outcomes. Cooking temperature, oil quantity and reuse also influence fat stability and the formation of oxidative compounds.A study published in the Journal of Lipid Research, demonstrated that diets enriched with extra virgin olive oil significantly reduced major cardiovascular events compared with low fat dietary patterns, highlighting the health advantages of monounsaturated rich oils.Common oils used for omelettes vary in composition:• Butter or ghee, which add flavour but introduce high saturated fat.• Olive oil, rich in monounsaturated fats that support healthier lipid markers.• Groundnut or peanut oil, stable at higher temperatures and moderate in fatty acid balance.• Sunflower oil, widely used but higher in omega 6 fatty acids, best used sparingly.Cooking technique matters as much as oil type. Preparing the omelette on moderate heat with minimal oil helps preserve nutrient quality while preventing unnecessary calorie density.

Determining whether a daily bread omelette breakfast is healthy or harmful requires consideration of how its components interact. Wholegrain bread encourages stable glucose patterns, whereas refined bread may undermine them. Omelettes supply high quality protein and essential nutrients, yet the benefits can be reduced if they are consistently cooked in saturated fat heavy oils. The overall health outcome stems from a combination of choices, including bread type, oil selection, cooking method and portion size.When prepared with wholegrain bread, a vegetable filled omelette and modest quantities of healthier oils, the meal can support metabolic stability, improved satiety and favourable lipid responses. When paired with refined bread and saturated fat rich cooking oils, the same dish may contribute to erratic energy levels and elevated long term cardiovascular strain. The bread omelette is therefore neither entirely beneficial nor inherently harmful, but a flexible meal whose health impact is shaped by the details of its preparation.Disclaimer: This article is for general informational purposes only and is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the guidance of a qualified healthcare provider regarding any medical condition or lifestyle change.Also Read | How freezing your bread makes it healthier for blood sugar control and gut health

West Indies bowlers dominated the opening day, ripping through New Zealand’s batting line-up with clinical efficiency. The visitors chose to field after winning the toss at Hagley Oval, Christchurch, setting the tone early in the contest. New Zealand slumped to 231/9 by stumps, thanks largely to a relentless West Indian bowling assault that provided little respite to the home side.

Kane Williamson’s fighting knock amid New Zealand’s top-order collapse

Amid the top-order collapse for New Zealand, Kane Williamson stood out with a gutsy half-century, showcasing his class and experience. Williamson scored 52 runs off 102 balls with six boundaries before falling to Justin Greaves’ bowling, caught by Alick Athanaze. His innings was a fighting effort at a time when wickets were tumbling around him, anchoring a 93-run partnership with Tom Latham, who contributed 24 runs. The rest of New Zealand’s batters struggled to build partnerships as the West Indies bowlers maintained relentless pressure. Despite the challenging conditions and disciplined bowling, Williamson’s composed batting was a beacon for the hosts and highlighted his return to Test cricket after nearly a year.

West Indies’ disciplined bowling dominates Day 1 of the first Test

West Indies bowlers collectively dismantled New Zealand’s batting line-up on Day 1, extracting maximum advantage from the green and overcast conditions conducive to swing bowling. Standout performances came from Greaves (2 wickets for 35 runs), Kemar Roach (2 for 47), Ojay Shields (2 for 34 on debut), and Jayden Seales (1 for 44).

The visitors exhibited excellent discipline and skill, taking wickets at crucial moments to prevent the Black Caps from settling. The bowling unit’s precision was reflected in the consistent fall of wickets at regular intervals, allowing New Zealand to reach only 231 for 9 in 70 overs. The late order batters, Zak Foulkes and Jacob Duffy, held firm with a minor unbeaten partnership at the close, but the day firmly belonged to the West Indies seamers, who bowled with menace and control throughout.

Also READ: NZ vs WI 2025, Test Series: Schedule, Squads, Broadcast and Live Streaming details

This opening day performance has put West Indies in a commanding position as the Test progresses, showcasing their potent bowling arsenal and strategic execution in overseas conditions. The fragile New Zealand innings was repeatedly broken down, with pressure mounted by disciplined bowling spells and sharp fielding. The visitors now hold the upper hand, eager to capitalize on their early breakthroughs and maintain dominance in this first Test at Christchurch.

Bad light has stopped play & that’s stumps on Day 1 of the 1st Test 🏏

NZ: 231/9 in 70 overs

Scorecard 👉 https://t.co/M5WFl3DbZA#cricket #NZvWI pic.twitter.com/GgseMr6Sqj

— CricketTimes.com (@CricketTimesHQ) December 2, 2025

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NEW DELHI: The Centre on Tuesday clarified that the Sanchar Saathi App could be deleted by the user from their mobile phones, adding that the government’s job was only to “introduce this app to everyone”. The clarification came after a massive political row erupted over the government’s dictum to makers to pre-install the app in mobile handsets.The opposition had flagged serious privacy concerns over the move, likening it to “Pegasus” and calling it a “snooping app.”“If you don’t want Sanchar Sathi, you can delete it. It is optional… It is our duty to introduce this app to everyone. Keeping it in their devices or not, is upto the user” ANI quoted Union minister for communications Jyotiraditya Scindia saying.A day before, the department of telecommunications (DoT) pre-install the Sanchar Saathi app on devices sold in India, calling it a move towards “strengthening cybersecurity and curbing IMEI misuse.”The move drew strong reactions from the opposition leaders with Congress MP Priyanka Gandhi calling it a “dictatorship” move.“It is a snooping app. It’s ridiculous. Citizens have the right to privacy. Everyone must have the right to privacy to send messages to family, friends, without the government looking at everything… They are turning this country into a dictatorship in every form,” she said.Meanwhile, Shashi Tharoor had said that “these apps can be useful provided they are voluntary.”“I have not studied the issue in full detail, but common sense tells me that these apps can be useful provided they are voluntary. Everybody who needs them should be able to download them. Making anything compulsory in a democracy is troubling. But I need to look a little more into what the logic is of the government. In fact, the government should explain all this to the public instead of just passing an order that the media reports. I think we need to have a discussion where the government explains what their thinking is,” he said.Sanchar Saathi App is a “citizen centric initiative of DoT to empower mobile subscribers, strengthen their security and increase awareness about citizen centric initiatives.”

Bihar’s Vaibhav Suryavanshi (PTI Photo/Swapan Mahapatra)

India’s young sensation Vaibhav Suryavanshi produced a performance for the ages on Tuesday, announcing himself on the big stage with a breathtaking century in the Syed Mushtaq Ali Trophy. Playing against Maharashtra at Eden Gardens, the 14-year-old left-hander became the youngest player in the tournament’s history to reach three figures. Bihar, batting first, put up 176 for 3 in their 20 overs, with Vaibhav carrying his bat for a stunning 108 not out off just 61 balls. His innings, decorated with 7 fours and 7 towering sixes, was the heartbeat of the Bihar total. He completed his hundred in the 20th over, sending the first delivery from Arshin Kulkarni to the boundary to reach the milestone in 58 balls.

This knock comes at a crucial moment in the teenager’s early domestic career. Vaibhav had been searching for runs after three modest scores of 14, 13 and 5. The innings at Eden Gardens not only broke that streak but also reaffirmed the immense talent he showed during his blistering 42-ball 144 against UAE in the Rising Stars Asia Cup in Doha. On Tuesday, the youngster displayed patience early and power later, pacing his innings like a seasoned professional despite his age — just 14 years and 250 days. Bihar’s total was built almost entirely around his effort, as he took charge from the first ball, opening the innings and staying unbeaten till the last. While Vaibhav stole the spotlight of the day, another impressive performance unfolded in Ahmedabad, where Devdutt Padikkal hammered a brilliant century for Karnataka against Tamil Nadu. Opening with Mayank Agarwal, Padikkal raced to a fifty off 26 balls and eventually reached his hundred in 45 deliveries. His unbeaten 102 featured 10 fours and six sixes, helping Karnataka post a commanding 245 for 3 in their 20 overs. But the moment of the day — and perhaps of the tournament — belonged entirely to Vaibhav Suryavanshi. His century at 14 not only rewrote record books but also signalled the rise of a prodigy who continues to deliver extraordinary moments long before most players even enter senior cricket.