An insurance bill that’ll make you sweat, a steep crypto punishment, and more

Plus: Local news gets a big boost, and SpaceX has some fixing to do before its next Starship launch.

$622k: How much you’d pay in annual homeowners insurance if you lived on Miami’s tony Star Island, a man-made island home to the ultrarich — but also under threat from hurricanes. In 2022, that same policy cost $200k; more broadly, insurance rates across Florida have tripled due to mounting climate change-related risks.

A collage includes a pair of silver handcuffs, planet earth as seen from space, and a tied-up stack of newspapers looming above an overhead shot of Miami’s Star Island.

11,196: Years in prison a Turkish court handed to Faruk Fatih Özer, founder of the now-defunct crypto exchange Thodex, and his siblings Serap and Guven Özer. In April 2021, Thodex vanished, leaving its 400k+ members without access to their funds while Faruk Özer fled to Albania. Investors lost, well, no one knows — but it’s estimated to be between $13m and $2.6B.

$500m: A pledge from 20+ philanthropy organizations, including the MacArthur Foundation, to address news deserts, or areas with a lack of local news. Since 2005, 2.5k US newspapers have shuttered while voter participation has declined. The Knight Foundation, Meta, and Google have also previously invested in local news efforts.

63: Number of corrective actions the FAA has ordered SpaceX to make following its tumultuous April launch of Starship, NASA’s intended vessel for its lunar Artemis missions. The fixes Elon Musk’s team must address include hardware redesign, changes to the launchpad, increased analysis and testing, and other safety updates.

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Topics: Digits

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