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The New York Knicks, fuelled by a sensational 45 points from Jalen Brunson, rallied again to beat the San Antonio Spurs 94-90 and win their first NBA title in 53 years on Saturday.
The Knicks won the best-of-seven championship series 4-1, denying Victor Wembanyama and his young Spurs teammates on their home floor to lift the trophy for the first time since 1973.
The Knicks, who recovered from 29 points down in game four to produce the biggest comeback in Finals history, erased a double-digit deficit to win for the fourth time in the series.
The Knicks trailed by 16 in the second quarter and were down by 10 early in the fourth, but Brunson wouldn’t let them lose.
“I’ve got no words,” Brunson said after setting a Knicks record for points in a Finals game, surpassing Willis Reed’s 38 in game three of the team’s 1970 triumph over the Los Angeles Lakers.
With their backs against the wall, the Spurs were locked in defensively from the opening tip-off.
Wembanyama set the tone, blocking three shots in the first quarter as the Spurs powered to a 23-13 lead, holding the Knicks to their fewest points in any quarter this postseason.
Wembanyama tied a Finals record with five blocks in the first half and drilled a three-pointer that pushed the Spurs’ lead to 16 early in the second period
But the Knicks were heating up, cutting the deficit to three before Devin Vassell’s fadeaway basket at the buzzer sent the Spurs into the interval with a 42-37 lead
San Antonio quickly rebuilt a double-digit lead, but Brunson and the gritty Knicks wouldn’t let them get away
“We weren’t ready to win an NBA championship,” Spurs coach Mitch Johnson said. “The better team won.
We did a lot of good things, and we didn’t finish the job. That’s what it is
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United States President Donald Trump has pledged there will be no tolls for passage through the Strait of Hormuz, unless they are collected by his own country.
Trump’s statement, made in a Saturday afternoon post on Truth Social, is the latest sign that a recently signed memorandum of understanding (MOU) may be unravelling.
There will be NO TOLLS in the Hormuz Strait for 60 days during the Cease Fire Period, and there will be NO TOLLS after the 60 day period has expired,” Trump wrote, “unless they are imposed by and for the United States of America.”
Since the US and Israel launched a war against Iran on February 28, Iran has successfully used the Strait of Hormuz as a pressure point, closing the strategic waterway to traffic.
But under the terms of Wednesday’s ceasefire memorandum, the strait is supposed to reopen for an interim period of 60 days. During that time, Iran is barred from charging vessels for passage.
Iranian officials have also said that any upcoming talks should focus on proper implementation of the initial memorandum, and that the 60-day negotiating period stipulated in Wednesday’s deal would begin after that was settled.
Pakistan, a top mediator between the US and Iran, has said that follow-up talks are set to begin in Switzerland on Sunday
Switzerland’s Federal Department of Foreign Affairs has confirmed that an Iranian delegation, led by parliamentary Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi, has already arrived for the negotiations.
On the US side, Trump’s son-in-law Jared Kushner, special envoy Steve Witkoff and Vice President JD Vance are expected to attend
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Flash crashes pose significant risks and opportunities for traders. On the one hand, they can result in substantial losses for those caught off guard. On the other hand, savvy traders can capitalize on these events by buying assets at temporarily depressed prices. Understanding the causes, implications, and strategies to navigate flash crashes is essential for anyone involved in crypto trading.
Flash crashes are an inherent part of the crypto market’s volatility, posing both risks and opportunities for traders. Understanding their causes, historical examples, and impact can help traders prepare for these events.
By employing strategies such as diversification, careful use of leverage, and monitoring market conditions, traders can mitigate risks and potentially benefit from these sudden price movements. While flash crashes can be daunting, they also offer unique opportunities for those who approach them with knowledge and preparation.
A flash crash is a sudden and rapid decline in the price of a cryptocurrency, typically followed by a quick recovery.
Common causes include algorithmic trading errors, market manipulation, thin liquidity, and regulatory announcements.
No, corrections are more gradual and reflect broader market adjustments, while flash crashes are sudden and temporary.
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