10 things you need to know this morning in Australia

Hello all. Is it Thursday already? Time flies when we're all having fun.

'They want to win': Australia's richest families are buying up cryptocurrency as digital assets boom

Australia's wealthiest families are diversifying their portfolios with crypto as they look to new forms of wealth creation. DigitalX, which helps family offices buy up digital assets, says demand is growing for digital currencies as both a against hedge against inflation as well as a growth asset.

Victoria's major universities have collectively posted more than $100 million in losses since the border closure last year

New financial reports show some of Victoria's major universities dipped tens of millions of dollars into the red over 2020. RMIT, Swinburne, and La Trobe are among the tertiary institutions to post sizable operating losses, linked to COVID-19 shutdowns and border closures.

Australia could kickstart another Roaring Twenties if it gets this budget right, a think tank argues

Australia could break away from a decade of stagnation if it focuses on genuine reform, according to think tank The Blueprint Institute. Despite having a number of former Liberal MPs on its 'strategic council', the Institute advises the Morrison government to forget immediate budget repair, and instead prioritise economic growth.

Indian Australian business and community leaders call on the government to reverse its drastic ban on arrivals from India

Indian Australian business groups and other community leaders have spoken out in opposition to the Australian government's ban on arrivals from India.

Australian cosmetics giant Mecca faced a wave of customer complaints for booking an event with Gwyneth Paltrow. But what exactly do brands owe their most loyal fanbase?

Australian beauty brand Mecca, which has a cult following in Australia's beauty community, faced criticism online after advertising an event featuring Gwyneth Paltrow.

New car sales broke Australian records in April – and the industry says it's struggling to keep up with demand

Last month saw more new car sales than any April on record, according to the Federal Chamber of Automotive Industries (FCAI). Sales would have been even higher if supply chain shortages had not impacted Australia's new car market, FCAI chief executive Tony Weber said.

SpaceX's high-flying Starship prototype has finally landed successfully - a big step towards Elon Musk's reusable mega-rocket

Starship has an explosive flight record, but SpaceX may finally be mastering the spaceship's landing. That's crucial to making it reusable.

Biden administration supports waiving intellectual property rights for COVID-19 vaccines - a big step in making vaccines more accessible to developing nations

"The administration's aim is to get as many safe and effective vaccines to as many people as fast as possible," US Trade Representative Katherine Tai said.

How technology helped a Victorian refugee and migrant youth not-for-profit survive 2020

Most people would agree that 2020 was a tough year. But for anyone who runs a hospitality business, particularly in Victoria, to say it was simply "tough" is an understatement. One person who has intimate experience with these challenges is Hannah Brennan.

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