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The crypto market is holding its breath today as traders watch for the first interest-rate decision under new Federal Reserve Chair Kevin Warsh. One exception to the cautious mood is Uniswap's UNI token, which is bucking the broader trend and pushing higher while most of the market waits to see which direction Warsh signals for monetary policy.
Meanwhile, a quieter but genuinely important story is making the rounds online. A piece circulating today reminds us that despite all the talk of cloud computing, the internet's backbone is actually a web of fiber-optic cables running across the ocean floor. It's a useful corrective to the idea that data lives somewhere weightless and abstract — it lives in physical infrastructure that is very much at the mercy of the physical world.
And that physical world is sending a troubling signal from Antarctica. Scientists report that temperatures in West Antarctica have climbed as much as forty-five degrees Fahrenheit above normal, even in the dead of winter. Ice that should be forming simply isn't, and the scale of what's missing is being described as well outside any normal range. It's a data point that's hard to set aside.
That's where we leave it today. Keep surfing. Tech Beat out.
