Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation

Cryptocurrency & Free Speech Finance

Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation.Key takeaways:Bitcoin’s apparent demand fell to -3,138 BTC, its lowest level in four months.Weak spot activity and negative ETF flows pressure the BTC price below $80,000.Analysts warn that Bitcoin risks prolonged consolidation or a deeper correction if $78,000 is not broken.Bitcoin’s apparent demand has dropped to its lowest level since mid-January, as traders and investors adopted a risk-off approach due to geopolitical…

Kurt Vonnegut and his daughter Nanette in 1997. Photo: Family handout This article first appeared in the Spring 2026 issue of Index on Censorship, The monster unleashed: How Hungary’s illliberal vision is seducing the Western world published on 2 April 2026. “My mother warned me early on that my father was going to get in trouble for writing dirty books.” Nanette Vonnegut, youngest daughter of the late American novelist Kurt Vonnegut, remembers these words vividly. Even though she was around eight years old at the time, she recognised the real fear in her mother’s voice. At the time, she didn’t quite know what to do with the warning. But through a serendipitous encounter, she now has a much better idea. When she was invited, along with her brother, to represent the Vonnegut Estate at a meeting about book censorship hosted by publisher Penguin Random House, she had what she describes as a conversion experience. Now, she is taking on the State of Utah alongside other plaintiffs, in a case defending the freedom to read, filed by the American Civil Liberties Union (ACLU) of Utah Foundation. “I was blown away by the urgency,” she told Index, recalling the passion and bravery of the librarians and lawyers who spoke at the meeting. Each person took their turn to make a speech, “like one sermon after another”. Vonnegut spoke about her own childhood memories, when she was afraid of what might happen to her father. One speaker in particular, she remembered, described how book bans in the USA are not about words or even sex, but about ideas. “Not until now, did I ever feel afraid for what’s going on. These books in Utah are being thrown away. They’re just pulled off the shelves,” Vonnegut said. But this, she added, has always been a lurking threat. No sex please, we’re prudish At the meeting, she discovered that in Utah, any mention of sex in a book was sufficient reason for it to be pulled from any school library in the state. Kurt Vonnegut’s Slaughterhouse-Five, an anti-war novel first published in 1969, remains hugely controversial; it has already been banned in two school districts in Utah, labelled as pornographic. If the book is successfully challenged in a third district, the ban automatically becomes state-wide, as has already happened with 28 other books. Nanette Vonnegut can’t recall the book being particularly pornographic in nature. Interviewed on National Public Radio, Terry Hutchinson, a former member of a Utah schoolboard, said: “I am not a big Kurt Vonnegut fan. Not really because of subject matter, but because of style.” He believed that Slaughterhouse-Five should be removed from school libraries. For him, the book crossed the line when a character gets an erection. When Vonnegut and her attorney Tom Ford were invited to discuss the lawsuit on WHMP Radio, Ford explained that Utah’s book removal law, HB29 (passed in 2022 and amended in 2024), prohibits public school libraries from carrying any book that contains a description of a sex act. In Vonnegut v. Utah, the plaintiffs will argue that sections of HB29 are overbroad and in violation of First Amendment rights. “It prohibits a remarkably sweeping range of literature from every school library in the state,” Ford told the radio station. Appropriate age categories are irrelevant where this law is concerned – all sex is bad sex. The law itself, Ford said, springs from the false narrative created by conservative lawmakers in Utah that the state’s school libraries were full of pornographic books. In fact, Ford continued, the real targets of this censorship were ideas, messages and lived experiences. The earliest memory Vonnegut has of her father being a target of literary censorship is not one of quiet removal from a library shelf, but rather something more dramatic. In 1973, a school in Drake, North Dakota threw copies of Slaughterhouse-Five into its furnace. The books were burnt on the orders of the local school board, which had deemed the novel “profane”. Ironically, Vonnegut’s novel was inspired by his experiences as a prisoner of war in Germany during the Second World War. Before the war the Nazis had organised public burnings of books that they deemed “un-German”. Kurt Vonnegut wrote a letter to the school in response. “You can feel his rage and his hurt,” his daughter told Index, recalling the letter. Putting the Vonnegut name to good use Now, she said, she can’t believe that book banning is back in the USA, and “worse than ever”. She fears for the teenagers who don’t have access to the right resources and how much trouble it’s going to leave them in. For the first time, she feels she can really put her Vonnegut name to good use. Nanette Vonnegut grew up in a creative household, with her mother guarding the door to protect her father’s writing space. “You were scared of that door, because you knew that he was he was trying to write.” He worked hard, she remembered, all the time, and there was a sense that it was serious work. She described to Index how her father would come out from his writing for a snack (usually pumpernickel loaded with butter). The kitchen would be full of the kids and their friends, but he’d barely register them. Often, he would be muttering to himself; sometimes, he’d stop and talk to his youngest daughter, verbally working through an idea. Once, on his way back to his study, he paused and said to her: “You know, the unstructured life is not worth living.” Kurt rarely left the house. His wife, Jane Marie Cox, maintained the family’s social front by doing all the expected things like going to cocktail parties and playing tennis. She was his biggest supporter. Cox was passionate about reading too, and the Vonnegut house was always full of books. At the end of each day, the couple would discuss Vonnegut’s day of writing. “She was like his editor,” Nanette said, describing how when it came to stories, “she was the midwife.” A Vonnegut family trip Niagara Falls circa 1964. Photo: Family handout Memories of Slaughterhouse-Five Her father, she explained, was always writing to tell the truth. Slaughterhouse-Five was a particular challenge, because he struggled to get the information he needed about the fire-bombing of Dresden, which he had experienced. When he did finally finish the book, he left the galleys out for the children to read. When it was published, he became an overnight sensation. It was a writer’s house, and as the children got older, it became a party house too. According to Nanette Vonnegut, “It was a very heady, exciting time.” Her parents often had other creatives over at the Vonnegut home. Once, it was actor and director Peter Fonda, to talk about film rights for Vonnegut’s book Cat’s Cradle. Jack Kerouac, author of On The Road, visited before he was famous. After having a little too much to drink, his bad language ramped up. Nanette and a friend, aged around nine, were told to leave the room and go upstairs. “But we did not go upstairs,” she recalled. “We stayed behind the door. It was sort of thrilling and exciting. He was like a wild man, and he seemed to be a lot of fun. We didn’t want to miss any of it.” Growing up in this household, she internalised a strong faith in the creative process. She has inherited this “creative groove” as an artist. Take, for example, the day she snapped, for no particular reason, a photo of the Senate floor being shown on a television screen. A few days later, on 6 January 2021, came the US Capitol riot. Following her creativity, Vonnegut created a huge six-foot painting (opposite) from the photograph. Although mostly found in her art studio, Vonnegut feels a strong sense of the power of words, and is a writer too. “Words are the most sacred things that we have, and that’s something I grew up with,” she told Index. And above all, evident in her fight against Utah, she has always taken for granted the belief that there are no “dirty words”. READ MORE

0 Views
Cryptocurrency & Free Speech Finance

Binance launches SpaceX pre-IPO perps amid $2 trillion valuation bets

Binance has launched perpetual futures that allow users to trade the anticipated valuations of private companies before they go public. The first contract to go live is tied to SpaceX, a company expected to debut at a valuation of $2 trillion or more. The “Pre-IPO Perpetual Contracts” are designed to provide retail traders with early exposure to high-profile initial public offerings (IPOs), a market segment historically reserved for institutional investors and venture capital firms. The first listing, SPCXUSDT, will be margined and settled in the dollar-pegged stablecoin tether USDT$0.9992 and is based on the expected market valuation of Elon Musk’s…

AI & Crypto

Read More

Politics

Don't Miss!

Are you our new senior editor? Index is on the hunt for a new senior editor to work at the heart of our editorial team across our magazine and website. This is an exciting opportunity at a time when Index is launching a membership scheme and redesigning its magazine and website. Reporting to the editor, you will be expected to edit agenda-setting essays, columns, features and investigations. The right candidate will have excellent judgement and editing skills and be a deep thinker. You will be confident working with some of the biggest names in journalism and the arts, as well as committed to finding and commissioning underrepresented voices and stories.  A non-tribal outlook is essential: Index is non-partisan and its only “cause” is that of promoting free expression and examining censorship. The right candidate will combine curiosity with excellent attention to detail. You will support the editor with the production and editing side of the magazine and website as well as commissioning a larger network of freelance contributors around the world, alongside sub-editors, illustrators and designers. The new senior editor must be equally at home working on print and digital-only journalism and analysis. The role demands someone who is just as comfortable writing a grabbing web headline as they are editing a 2,000-word essay. Regular writing opportunities are also available. About Index Index on Censorship is Britain’s leading organisation that campaigns for, reports on and defends free expression worldwide. We publish work by censored writers and artists, promote debate and monitor threats to free speech. Our work is varied and always rewarding. On any given day, we could be publishing letters written by Belarusian political prisoners and defending a cartoonist who might have caused offence – all to make the case that freedom of expression is vital for liberal democracy and for a vibrant and creative society. At the organisation’s heart and in circulation since 1972 is an award-winning quarterly magazine that has featured some of the world’s best-known writers. In addition to the magazine is a website, a weekly newsletter, a policy arm and an events programme. Together they make Index what it is today – the go-to for information on the global free speech landscape. Specific responsibilities Edit articles and analysis for the magazine and upload copy for the website and other digital platforms Coordinate with contributors from around the world to ensure news articles, analysis and essays are of high quality and on time Manage the weekly newsletter to Index subscribers Commission content for the magazine and web stories including photographs, cartoons and the cover illustration Write articles and analysis for the magazine and website Operate the content management system for publication of written stories Lead on a website refresh and support the redesign of the magazine so they have an overall look and brand that work together Monitor analytics across written content (web and magazine), adjusting strategy to optimise KPIs, membership and grow our audience Work with the communications manager on developing new formats including more use of video and audio to tell stories, through experimentation and data-driven decision-making Forge partnerships with creators globally and digital platforms to expand Index’s reach and engagement Represent Index at events, panels or media appearances where appropriate Support the editor with general commissioning, editing and proof-reading  for the magazine and when needed Knowledge Excellent editing and commissioning abilities, with attention to style, accuracy and tone Deep knowledge of the principles of digital and magazine journalism Strong digital acumen, including familiarity with SEO, analytics tools and CMS platforms Understanding of website design and how to improve it Knowledge of other digital platforms Proven ability to write authoritative magazine and online articles and analysis Knowledge of UK and global affairs and the principles of censorship and free speech issues in the UK and globally Skills (essential) Experience working for a magazine and/or online digital platform The ability to work under deadline pressure Excellent written and verbal communication skills Strong communication skills to work collaboratively with contributors in a small team Prior experience managing contributors Experience of identifying content that will grow a digital audience while driving membership of the organisation The ability to recognise sensitive or potentially libellous issues and raise them for discussion Experience in web publishing, including using content management systems such as WordPress Strong organisational skills and the ability to thrive in a small team The initiative to identify tasks and to work independently Ability to commission articles by and defend the right to free speech for people with whom you personally fundamentally disagree or believe are wrong Preferred Understanding of international affairs Experience working with writers whose first language is not English Familiarity with the Economist style book Experience managing newsletters Proficiency in at least one major language other than English Hours: Full-time, contract Salary: £35,000 – £42,000 dependent on experience Location: Remote but with lots of travel to London Index is a small and ambitious organisation that values diversity. We are committed to equal opportunities and welcome all applicants regardless of ethnic origin, national origin, gender, gender identity, race, colour, religious beliefs, disability, sexual orientation, age or marital status To apply please send a cover letter with your CV by Friday 19 June 2026 to [email protected] If you want to find out more about the job please email the editor on [email protected] READ MORE