Author: rb809rb

  • Disney “Confident” As FCC Launches Early Review of Broadcast TV Licenses

    The Federal Communications Commission has launched an early review of Disney‘s broadcast TV licenses, in a move that has little modern precedent.

    The move is sure to be seen as retaliatory after President Trump and First Lady Melania Trump called for late night host Jimmy Kimmel to be fired yesterday, though the FCC did not cite Kimmel in its brief letter calling for the early renewal, which was viewed by The Hollywood Reporter.

    The FCC, led by Chairman Brendan Carr, has two open investigations into Disney and ABC, one into the company’s diversity, equity and inclusion practices, which it opened last year, and another into The View over an appearance by Texas Senate hopeful James Talarico over its equal opportunity rule. The new move appears tied to the DEI investigation, though details remain vague for now. The FCC cites the commission’s public interest standard in calling for the review.

    “The FCC has been investigating The Walt Disney Company, its American Broadcasting Company, and its subsidiaries (collectively, “Disney’s ABC”) for compliance with its obligations as a licensed broadcaster. Specifically, the FCC has been investigating Disney’s ABC stations for possible violations of the Communications Act of 1934 and the FCC’s rules, including the agency’s prohibition on unlawful discrimination,” the letter states.

    The FCC letter adds that Disney must file its license renewals for its TV stations by May 28, 2026.

    “We have received the Federal Communications Commission’s order initiating an accelerated review of the licenses held by ABC’s owned television stations,” a Disney spokesperson tells THR. “ABC and its stations have a long record of operating in full compliance with FCC rules and serving their local communities with trusted news, emergency information, and public‑interest programming. We are confident that record demonstrates our continued qualifications as licensees under the Communications Act and the First Amendment and are prepared to show that through the appropriate legal channels. Our focus remains, as always, on serving viewers in the local communities where our stations operate.”

    The FCC’s move was first reported by Semafor.

    It is important to note that the FCC only has oversight of the broadcast licenses that Disney holds. The company owns eight local TV stations, including WBAC in New York and KABC in Los Angeles. The licenses were not due for renewal until 2028.

    “This is unprecedented, unlawful, and going nowhere,” Democratic FCC commissioner Anna Gomez said in a statement. “It is a political stunt and it won’t stick. Companies should challenge it head-on. The First Amendment is on their side.”

    Coincidentally, the FCC opened an early license review Monday against Bridge News, LLC, citing the public interest standard.

    Carr has repeatedly said over the past few months that an early review of broadcast licenses is an option for the FCC, and that he expected there to be legal action between the FCC and at least one network before President trump’s term ends.

    Any effort to revoke those licenses would be time-consuming and take place in court, where Disney could cite First Amendment protections, as Gomez alluded to. Even if the FCC was successful, the move would not remove ABC from the airwaves.

    In an interview with Katie Miller set to be released Tuesday, Carr again raises the issue when discussing the FCC’s investigation into Disney’s DEI practices.

    “There’s lots of options. You have a license. The licenses come to you every so often. You can accelerate when a license comes to you and say, hey, we have significant concerns with the value of conducting your operations. We want to review your license now and decide if you’re in the public interest,” Carr said in a clip released early by Miller. “If we find that a broadcaster hasn’t been doing that, then the statute requires us to issue a hearing designation order.”

    The FCC has not responded to a request for comment as of writing, a spokesperson for Disney declined to comment.

    April 28 Updated throughout with the FCC’s letter to Disney as well as additional reporting.

  • ‘Alice and Steve’ Tops Canneseries as U.K. Dramedy Sweeps Top Honors

    ‘Alice and Steve’ Tops Canneseries as U.K. Dramedy Sweeps Top Honors

    The U.K. dramedy Alice and Steve emerged as the big winner at this year’s Canneseries, taking the top prize for best series and anchoring a strong showing across the board at the French TV festival’s ninth edition.

    Created by Sophie Goodhart and produced by Clerkenwell Films, the series — which had its world premiere at the festival — also picked up the High School Award and a special jury nod for its ensemble cast, underlining its broad appeal with both juries and younger audiences. Starring Nicola Walker and Jemaine Clement, the show was one of the buzziest titles on the Croisette this week.

    The awards were handed out Tuesday evening at the Palais des Festivals following several days of screenings and industry events, with juries across the main, short-form and documentary competitions delivering a geographically diverse winners list.

    In the performance category, Finnish actor Roosa Söderholm was singled out for her role in Guts, a Finland-Slovenia co-production, while Spain’s I Always Sometimes earned the best screenplay award for writers Marta Bassols, Marta Loza and Almudena Monzú.

    Belgium scored two major wins, with Boho taking best short form series and The Deal With Iran winning best docuseries. Sweden’s Summer of 1985 claimed the best music prize for composer Jonas Wikstrand.

    Elsewhere, the student jury awarded Austrian-German co-production Sheep, while French titles dominated the audience-facing prizes, with Empathie winning the Europe 1 Audience Award and Plaine Orientale taking the Air France Travelers’ Choice Award.

    The ceremony marked the close of Canneseries’ ninth season.

    Best Series
    Alice and Steve Clerkenwell Films/Disney+ (United Kingdom)

    Best Short Form Series
    Boho jonnydepony/Streamz (Belgium)

    Best Docuseries
    The Deal With Iran Diplodokus/VRT canvas (Belgium)

    Best Performance
    Roosa Söderholm – Guts Just Republic/YLE (Finland/Slovenia)

    Special Interpretation Award
    Ensemble Cast – Alice and Steve Clerkenwell Films/Disney+ (United Kingdom)

    Best Screenplay
    Marta Bassols, Marta Loza, Almudena Monzú – I Always Sometimes Movistar Plus+ & Suma Content/Movistar Plus+ (Spain)

    Best Music
    Summer of 1985 Media Res Studio/SVT (Sweden)

    High School Award
    Alice and Steve Clerkenwell Films/Disney+ (United Kingdom)

    Student Award
    Sheep Horse&Fruits Filmproduktion/ZDF, ORF (Austria/Germany)

    Europe 1 Audience Award
    Empathie (France)

    Air France Travelers’ Choice Award
    Plaine Orientale (France)

  • Morning Minute: Fidelity Is Cautiously Bullish on Crypto

    Morning Minute: Fidelity Is Cautiously Bullish on Crypto

    Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify.

    GM!

    Today’s top news:

    • Crypto majors tumble as oil jumps to $100; BTC at $76,400
    • White House advisor teases major Strategic BTC Reserve announcement soon
    • Fidelity says crypto is finding a floor, ETF demand could break 4-year cycle
    • Bitcoin dev announces plans for hard fork into eCash, would reassign Satoshi coins
    • Gemini becomes first regulated exchange to launch agentic trading

    💰 Fidelity Says The Crypto Market Is Finding Its Floor

    Fidelity Digital Assets published its Q2 2026 Signals Report on Monday, and the read is cautiously bullish.

    Despite Bitcoin’s 52% drawdown from its October 2025 all-time high, three key underlying metrics—unrealized profitability, momentum, and network usage—are all improving.

    • Bitcoin’s NUPL turned positive for the first time since January.
    • BTC dominance is rising as capital concentrates in the most liquid asset, a pattern that has historically preceded broader altcoin rotation
    • Negative futures funding rates look bearish but are likely tied to institutional hedging

    ETH and SOL show divergence between price and network activity, with protocol-level usage holding up despite lagging token prices. Fidelity frames this as a positive.

    On the bear case: a traditional four-year cycle bottom would point to November 2026, and prior cycles saw 70%+ drawdowns from the all-time high. Bitcoin’s February low was roughly 52% off the peak, short of that threshold.

    But Fidelity does share that ETF inflows and corporate treasury demand create structural buying pressure that didn’t exist in prior cycles—and thus the bottom may in fact be in…

    ⑃ A Bitcoin Developer Wants to Fork BTC and Spend Satoshi’s Coins to Fund It

    LayerTwo Labs CEO Paul Sztorc announced plans to hard fork Bitcoin into a new chain called eCash, launching in August at block height 964,000.

    Every BTC holder gets eCash 1:1 at the fork. The chain is built around Drivechains, Sztorc’s decade-old scaling proposal that Bitcoin Core developers have repeatedly refused to merge.

    There is some controversy, as Sztorc planned to reassign up to 500,000 of Satoshi’s ~1.1 million dormant BTC to early investors as a funding mechanism, marking the first time any Bitcoin fork has proposed touching Satoshi’s stack. Community reaction was roughly 80-85% negative.

    Sztorc has since posted a revised version removing the Satoshi coin component, though the final structure remains unconfirmed and no major miners or exchanges have signaled support.

    🤖 Gemini Launches the First AI Agent Trading Tool on a Regulated US Exchange

    Gemini launched Agentic Trading on Monday, becoming the first regulated US crypto exchange to offer direct AI agent integration for live trading.

    Built on Anthropic’s Model Context Protocol, the product lets users connect Claude, ChatGPT, or any MCP-compatible AI to their Gemini account to autonomously execute trades, monitor markets, and manage risk based on predefined strategies.

    Pre-built Trading Skills modules handle market data, spread analysis, and historical price retrieval at launch, with more planned. Coinbase’s x402 protocol and Stripe-backed Tempo’s Machine Payments Protocol are building similar infrastructure on MCP as well.

    💸 Strategy Pulls Back, Bitmine Keeps Pushing

    Strategy purchased 3,273 BTC for $255 million last week, a 91% drop from the prior week’s $2.54 billion buy. The pullback was expected as STRC has been trading just below its $100 par value since its April 14 ex-dividend date, limiting Saylor’s new buying (it’s been his biggest driver).

    Meanwhile, Bitmine made its largest Ethereum purchase of 2026—233,600 ETH for ~$233.7 million, crossing the 5 million ETH milestone. Tom Lee commented that “ETH has outperformed the S&P 500 by 1,696 basis points since the Iran War started.”

    Notably, ETH was flat on the week despite Tom Lee’s biggest weekly buy of the year. A sign that there are some big sellers out there…

    🟠 White House Signals Major Strategic Bitcoin Reserve Announcement Coming Soon

    White House crypto adviser Patrick Witt said at Bitcoin 2026 in Las Vegas that a significant Strategic Bitcoin Reserve announcement is coming within the next few weeks.

    Witt said the administration has been working through the legal and operational framework needed to implement Trump’s March 2025 executive order, which directed the government to treat its approximately 200,000 seized BTC as a permanent reserve asset.

    The expected announcement will address the accumulation framework—how the reserve grows beyond existing seizure-based holdings. Separately, Rep. Begich of Alaska said he is days from reintroducing the SBR legislation, now called the American Reserves Modernization Act, which would codify the reserve into law and direct the government to acquire 1 million BTC over five years.

    🌎 Macro Crypto and Markets

    • Crypto majors deeper in the red as oil surges; BTC -2% at $76.4k; ETH -2% at $2,280; SOL -2% at $84; HYPE -5% at $40
    • BCAP (+28%), HASH (+17%), and PI (+8%) led top movers
    • Oil +4% at $99.6; Gold -2% at $4,610
    • Stock futures are mixed ahead of a big day of earnings and FOMC tomorrow
    • Arthur Hayes called for $125k Bitcoin by end of year at the BTC Conference in Vegas, driven by liquidity from war spending
    • The Solana Foundation shared a new post-quantum solution called Falcon that Anza and Jump researchers independently found
    • MARA Holdings CEO Fred Thiel announced the MARA Foundation at Bitcoin 2026 in Las Vegas on Monday, pledging to fund Bitcoin protocol research, open-source development, quantum resistance work, self-custody infrastructure, and policy advocacy

    Corporate Treasuries & ETFs

    Meme Coin Tracker

    • Meme leaders were mixed; DOGE +1%, SHIB even, PEPE even, TRUMP -3%, BONK -1%, PENGU +4%, SPX -5%, FARTCOIN -1%
    • SCAM (+270x), Either (+20%) and GDER (+100%) led notable movers
    • SCAM pumped 40,000% to $16M after Elon referred to Sam Altman as “Scam” Altman ahead of their trial starting in California (now $10M)

    💰 Token, Airdrop & Protocol Tracker

    • DeFi United released a plan for restoring KelpDAO and the missing rsETH
    • ZetaChain faced an attack targeting internal team wallets, causing them to pause cross-chain transactions

    🚚 What is happening in NFTs?

    • NFT leaders were slightly green on the day; Punks even at 31 ETH, BAYC +3% at 9.7 ETH, Pudgy +1% at 5.32 ETH; Hypurr’s even at 365 HYPE
    • Proxies (+40%), Winds of Yawanawa (+14%) and Otherdeeds (+14%) were other notable winners
    • Pudgy Penguins announced that Paxos Crypto Brokerage now supports $PENGU, making the token eligible for listing on retail trading platforms and exchanges used by over 500 million people worldwide

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.

  • ‘Papertown’ Documentary Featuring an Original Song by Dave Matthews Band Sets Premiere at MountainFilm Festival

    ‘Papertown’ Documentary Featuring an Original Song by Dave Matthews Band Sets Premiere at MountainFilm Festival

    Papertown,” a documentary directed by Jeremy Seifert (“Sacred Planet: The Heart of the World”, “The Devil We Know”) and Co-Directed by Benjamin James Roberts is set to premiere at the MountainFilm Festival on May 22.

    The documentary chronicles the sudden closure of a century-old paper mill in the Appalachian town of Canton, North Carolina, shattering the town’s economy and forcing its people to confront the loss—and rediscovery—of their shared identity.

    Musician Dave Matthews has written an original song for the doc titled “Papertown.” The song features vocals by Sierra Ferrell and Sara Watkins of Nickel Creek plays the fiddle.

    “The movie is stunning. It’s heartbreaking, but still so hopeful. It’s full of hope, in spite of this class system where the power sits in the hands of far away people, which is so wrong,” said Matthews.

    According to the logline, when the 115-year-old paper mill that defined Canton, North Carolina, unexpectedly announced it would shut down, it set off three turbulent months that would gut the town’s economy and shake its identity. This documentary moves with the community in real time, from the shock of the announcement to the mill’s final whistle. As details emerge of executives profiting from stock trades just days before the news, anger and betrayal deepen, and confusion and heartbreak occur as rumors spread and questions go unanswered.

    Seifert said, “We threw ourselves into this story, documenting the experience of the paper mill workers and the community just days after they found out the mill was closing.” He added, “It was our community of local filmmakers fueled by a shared belief that this chapter in Appalachian history mattered. It’s a story about the people and community and I can’t wait to share it with the world.”

    The film is made possible with support from The Ford Foundation, Catapult Film Fund, and Mountainfilm and is produced by Chris Pruett, Seifert and Colby Sexton. Ryan Suffern serves as executive producer.

  • Jemaine Clement and Nicola Walker Ask If You Can Date Your Best Friend’s Daughter in Disney+ Canneseries Winner ‘Alice and Steve’

    Jemaine Clement and Nicola Walker Ask If You Can Date Your Best Friend’s Daughter in Disney+ Canneseries Winner ‘Alice and Steve’

    Alice and Steve,” played by Nicola Walker (“The Split”) and Jemaine Clement (“What We Do in the Shadows”), are best friends. And then they aren’t, because Steve sleeps with Alice’s twentysomething daughter Izzy and starts dating her.  

    “I love describing this premise,” laughs Clement of the “Alice and Steve,” which has just swept Canneseries at Tuesday night’s prize cerremonie, walking off with best series, a Special Interpretation Award for its ensemble cast and a Student Award.

    “I was worried that Yali Topol Margalith, who plays Izzy, would be creeped out. I was very concerned about that. But am I concerned that my character will come across as creepy to the audience? No, because it’s interesting.”

    “People go a bit silent,” notes Walker.

    “It seems like a great crime, but it’s a show about love. It’s also about revenge, betrayal and bad behavior.”

    A Disney+ series, “Alice and Steve” was produced by Clerkenwell Films and world premiered at Canneseries.

    As their feud intensifies, nobody comes out of it unscathed. That includes the audience. 

    “What’s remarkable about the series is that you start by assuming that you could never side with Steve or Izzy. But then you swap allegiances. These people are falling in love, they are sort of perfect for each other, and then Alice becomes the problem. They all end up really, really hurting each other, which seems very much like real life to me,” Walker tells Variety.

    “You know, I often don’t believe the way mothers, husband, wives or friends are portrayed on TV. But I read this and went: ‘I understand these people’.” 

    Is there more tolerance towards relationships with a big age gap? 

    “Some people find it controversial and others don’t. Unlike sleeping with your best friend’s daughter, though. That’s controversial to everyone,” notes Clement. 

    According to the show’s creator, Sophie Goodhart, people are still quick to judge. But that’s precisely why she wanted to explore it.

    “Is it always unpleasant? Are there any exceptions to the rule? Currently, we’re OK with older women going out with younger men. My husband is much younger, and I get loads of high fives. But if I were a man, people would say: ‘What is she doing’?!” 

    She adds: “I love comedy that makes you squirm a little. It’s definitely my sweet spot. There are going to be people who don’t like Alice. There are going to be people who don’t like Steve. But if they stick with the show, they might realize their judgment was maybe too quick.”

    Steve and Alice could always depend on each other. That’s why their falling out is so painful – they know exactly where to push each other’s buttons. 

    “Alice can be her worst self in front of Steve. They were in love once, and now it’s a different kind of love. But yeah, things happen. I had a friend who wouldn’t talk to me for years. I’d try to contact him, but he wouldn’t answer because he didn’t like some things I said about Trump,” recalls Clement.

    Walker adds: “If something went wrong with my two best friends, who I’ve known them since we were 19, I would feel completely adrift. Your best friends carry your total history: births, deaths, failures, successes. They are always in your corner, even when you’re being irrational. They know everything and forgive a lot of bad behavior, because they know where it comes from.”

    Platonic break-ups can be “horrendous,” agrees Goodhart. But “Steve and Alice” is still “surprisingly joyful.” 

    “I love writing about things that make you feel a lot, just like in ‘Sex Education,’ and I love that Steve and Alice still love each other. They forget about it, but I remember.”

    “I just want love stories with a slight edge to them. Do you remember ‘Crazy, Stupid, Love’? It was so fucking brilliant, and so complicated. Because that’s how love is! It grows, shifts and ebbs. It’s fluid. I just wanted it to be a show about acceptance. Does that sound like bullshit?” 

    Goodhart is all about complicated characters too, like those written by Phoebe Waller-Bridge or recently seen in “DTF St. Louis” – “I shouldn’t be plugging another show, but it’s so fucking good.”

    “I don’t believe that some people are bad and some people are good. I just don’t. We’re all victims of circumstance. Everyone’s arc shifts so much throughout the series that you might hate a character in Episode 2 and adore them in Episode 4. My dream would be for people to come away from the show being less judgmental. That would be nice,” she says.

    “And it would be awfully nice to get another season.” 

  • CFTC sues Wisconsin in agency’s legal campaign defending prediction markets authority

    CFTC sues Wisconsin in agency’s legal campaign defending prediction markets authority

    Wisconsin has joined the growing number of U.S. states being sued by the Commodity Futures Trading Commission as that agency insists on its jurisdiction over prediction markets trading at firms such as Kalshi and Crypto.com.

    Several states have gone after those businesses, accusing them of violating state gaming laws via the betting taking place on the growing platforms, but CFTC Chairman Mike Selig has led a legal pushback against states including New York, Arizona, Illinois and Connecticut. He’s argued that the derivatives regulator, which he leads as the sole member of what’s meant to be a five-member commission, has “exclusive jurisdiction” over the trading of event contracts that he argues are an emerging form of the same kinds of derivatives activity long handled by the CFTC.

    Last week, Wisconsin sued Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com for running unlicensed gambling operations in the state — echoing the claims made against the industry elsewhere.

    Selig has now responded in the U.S. District Court for the Eastern District of Wisconsin, said he’s trying to send a message: “If you interfere with the operation of federal law in regulating financial markets, we will sue you.”

    Also last week, New York sued Coinbase and Gemini over their prediction markets businesses, and days later, the CFTC responded with its own lawsuit against the state.

    Arizona has been pursuing a criminal case against Kalshi, but a court there paused the prosecution earlier this month, with the judge arguing that the federal agency is likely to be successful making its case that the U.S. law will preempt state gambling laws.

    Read More: U.S. CFTC adds New York to string of states its suing to stop prediction market pushback

  • Forced Perspective and The Boldest Form Strategic Partnership to Develop Film and TV IP

    Forced Perspective and The Boldest Form Strategic Partnership to Develop Film and TV IP

    Production companies Forced Perspective and The Boldest have formed a strategic partnership to develop scalable, franchise-ready IP across film and television.

    The partnership brings together Forced Perspective’s Jazzy Collins and The Boldest’s Saskia Clements. The collaboration will combine creative vision with access to capital and a long-term strategy for building cinematic worlds that extend across formats and audiences.

    The partners have also announced their first project: a sci-fi feature called “The Anatomy of Courage” based on the standalone novel from Peter Cawdron’s bestselling “First Contact” anthology series, described as “Edge of Tomorrow” meets “1917.”

    “BlacKkKlansman” screenwriters David Rabinowitz and Charlie Wachtel are attached to write the adaptation which follows Dr. Christopher Walters, a military medic in a brutal war against alien invaders known as the Novos. When he develops the unexpected ability to communicate with the enemy, he is drawn into a perilous mission to broker peace forcing him to confront the true nature of courage, mercy, and the cost of war.

    “The Anatomy of Courage” is produced by Jazzy Collins, Shane Collins and Saskia Clements; executive produced by Peter Cawdron and Sarah Cawdron.

    Jazzy Collins said, “Partnering with The Boldest gives us the capital, strategic vision, and world-building infrastructure to develop IP the way it deserves to be developed, and’ The Anatomy of Courage’ is exactly the kind of project this partnership was built for. Peter Cawdron has built one of the most loyal audiences in sci-fi completely independently. This is exactly the sort of proven, untapped IP this partnership dreams to bring to the screen, especially with the market success of other originally self-published authors like [‘The Martian ‘and ‘Project Hail Mary’ author] Andy Weir. With David and Charlie attached to pen the adaptation, we’re not just making a film, we’re building the first chapter of a much larger world.”

    Clements added, “This partnership represents a shift in how we approach storytelling. We’re combining creative development with capital, strategy, and world-building to create stories that don’t just exist as films, but as expansive, living ecosystems. The goal is to build projects that feel immersive, culturally relevant, and capable of evolving into long-term franchises, while still being rooted in a genuine exploration of the human experience.”

    Forced Perspective is represented by Michael Peters at RAMO.

  • NVIDIA starts offering a 12GB version of the 5070 for laptops

    NVIDIA is releasing a new variant of its 5070 GPU for laptops. Nestled in a blog post about the latest version of its Game Ready Drivers, the company notes its partners will soon start selling 5070 laptops with 12GB of VRAM, alongside the 8GB model that NVIDIA has offered since the launch of the 50-series.

    “Demand for GeForce RTX remains strong, and memory supply is contrastrained. In order to maximize memory availability, we are releasing the GeForce RTX 5070 Laptop GPU 12GB configuration with 24Gb G7 memory. This gives our partners access to an additional pool of memory to complement the 16Gb G7 supply that currently ships with most GeForce GPUs,” NVIDIA said.

    The first 12GB 5070-equipped laptops are slated to start shipping sometime in June, with manufacturers like ASUS, Lenovo and MSI likely to offer the video card as an option in some of their models. NVIDIA has yet to confirm pricing, but outlets like NotebookCheck are reporting that 12GB 5070 laptops could cost as much as their 5070 Ti counterparts. Right now, a 5070 Ti-equipped PC like the Acer Predator Helios Neo 16S AI can set you back as much $2,650, depending on the amount of RAM on offer. New 12GB 5070 laptops likely won’t cost as much, given manufacturers will probably configure them with less RAM.

    NVIDIA has yet to share the full spec list for the 12GB 5070, but as the company notes, it’s using 24Gb G7 memory, instead of 16GB G7 memory, for the new model. The two memory types are made using different manufacturing processes. The former uses 3GB memory modules, while the latter uses 2GB ones. Either way the company is tapping into a different supply of memory that, in recent months, Samsung and Micron have managed to produce more consistently at scale. That said, unless NVIDIA has redesigned the 5070 to equip it with a wider 192-bit bus interface, which seems unlikely in this case, the new model won’t be able to access that additional memory as fast as the 5070 Ti and other models above it in NVIDIA’s stack. For most games that shouldn’t matter too much, but it does mean the new model isn’t quite the upgrade it seems if you just look at the amount of raw VRAM.

     

  • Ostium launches decentralized execution layer with Jump as hedging partner

    Ostium launches decentralized execution layer with Jump as hedging partner

    Ostium Labs launched a real time decentralized execution layer designed to bring institutional grade execution for traditional market exposure onchain, with Jump serving as one of its hedging partners alongside prime brokers and other major institutions.

    The upgrade changes how Ostium manages risk, moving away from a model where its public liquidity pool absorbed all net directional exposure.

    The protocol said it has processed more than $50 billion in cumulative trading volume, generated nearly $35 million in protocol revenue, served more than 26,000 traders, and handled nearly one million trades.

    Ostium is positioning the new system as a transparent, self custodial alternative to the CFD market, which it estimates at about $10 trillion in monthly volume.

    Under the new architecture, a separate capital pool programmatically hedges net exposure offchain through institutional partners, while settling once daily against a buffer layer that sits above the public liquidity pool.

    The liquidity pool now functions as an intraday lending layer, allowing the protocol to scale open interest more closely with liquidity in the underlying markets.

    The company said the system uses a translation layer between smart contracts and institutional messaging protocols, with sub 100 millisecond latency across each step.

    Ostium CTO Marco Antonio Ribeiro said the infrastructure was built over four months by 15 of the company’s 20 engineers, describing it as the first time onchain flow has been programmatically hedged through traditional market participants.

    The launch expands Ostium’s push to offer wallet based exposure to stocks, commodities, indices, ETFs, and FX without requiring users to give up custody of their funds.

    Ostium’s own site describes these products as synthetic perpetual exposure, meaning traders gain price exposure to assets such as the S&P 500 or gold without owning or redeeming the underlying asset.

    The upgrade follows Ostium’s $20 million Series A in December, co-led by General Catalyst and Jump Crypto, after the company said it had already reached about $25 billion in cumulative volume and that more than 95% of open interest was tied to traditional markets.

    Ostium CEO Kaledora Kiernan Linn framed the launch as a broader attempt to do for global markets what stablecoins did for the dollar, making a widely demanded financial product more accessible, programmable, and transparent. The upgrade is now live, with trading available through Ostium’s app.

  • Three Experienced Experts: “The Next 10 Weeks Will Determine Bitcoin’s Fate”

    Three Experienced Experts: “The Next 10 Weeks Will Determine Bitcoin’s Fate”

    The cryptocurrency market has entered a crucial turning point for the future trajectory of Bitcoin (BTC). Industry experts Andrew Parish and James Butterfill predict that Bitcoin’s performance over the next 10 weeks will determine whether this market cycle peaks or whether it will surge to record highs with a new wave of institutional adoption.

    James Butterfill points out that the interest in Bitcoin is driven by the enormous liquidity created by spot ETFs (Exchange Traded Funds). The speed at which institutional investors are entering the market is particularly different from previous cycles. According to Butterfill, the continuity of these fund inflows over the next 10 weeks will be the biggest indicator of whether the price will test the $100,000 barrier.

    Related News U.S. President Donald Trump: “Iran Told Us They Are in Collapse”

    Andrew Parish, another participant in the discussion, shifted the focus to macroeconomics. Referring to the impact of the Fed’s interest rate decisions and global liquidity conditions on Bitcoin, Parish warned, “The market is currently at a equilibrium point. Inflation data and employment reports coming in the next 10 weeks will either fully boost risk appetite or lead to a sharp correction.”

    James Butterfill stated that Bitcoin has proven its worth as a “store of value,” but that short-term volatility is inevitable. Parish, meanwhile, emphasized that investors should avoid emotional decisions, saying, “These 10 weeks could be a period where ‘weak hands’ are eliminated and the foundations of a real bull run are laid.”

    *This is not investment advice.