What are the potential risks and characteristics of asteroid 2024 YR4's possible Earth impact in 2032?

Asteroid 2024 YR4 poses a 2.3% chance of impacting Earth around Christmas 2032, measuring approximately 300 feet in length. While smaller than the asteroid that killed the dinosaurs, it's larger than the 2013 Russian meteor that caused extensive damage but no fatalities. However, there's a reassuring 98% probability it will miss Earth entirely. If impact does occur, it would likely hit an empty ocean area, significantly reducing potential harm to populated regions.