Author: rb809rb

  • Warnings from a Chinese Bitcoin Whale: “The Strait of Hormuz Issue Is Being Underestimated—Be Careful”

    Despite rising geopolitical risks in global markets, the continued rise in risky assets signals a serious vulnerability, according to some analysts.

    Bitcoin whale Garrett Jin stated that the Strait of Hormuz crisis has been seriously underestimated by the market and that a solution has yet to be found.

    According to Jin, the fact that Brent oil prices are trading around $103 while the S&P 500 index is reaching record highs is one of the clearest indicators of the disconnect in the markets. According to Goldman Sachs Prime Brokerage data, the global short/long ratio rose to 7.6:1 in March, marking the fastest net sell-off in 13 years. The 7.1% rise in a single day in the bank’s basket of the 50 most shorted stocks following the ceasefire announcement, according to analysts, points to a classic “short covering” movement rather than strong buying appetite.

    During the same period, trend-following funds (CTAs) directed record levels of capital into US equities, the “Big Seven” (major technology stocks) recovered 20% from their March 30 lows, and the NASDAQ Composite index recorded its longest winning streak since 1992.

    Related News JUST IN: Tether Carries Out Its Largest Asset Freeze to Date – Two Wallets Holding $344 Million Frozen

    However, Jin argues that the fundamental assumptions supporting this rise have not materialized. Expectations such as the reopening of the Strait of Hormuz, falling oil prices, declining inflation, and a Federal Reserve interest rate cut have all failed to materialize.

    Indeed, recent developments support this view. After Iran announced on April 17th that the strait was “fully open,” Brent oil prices fell by 9% to $90. However, less than 24 hours later, the Iranian Revolutionary Guard opened fire on oil tankers and declared that “every ship will be hit,” forcing at least nine tankers to turn back. Today, it was reported that Iran fired on three more ships and seized two others. These developments have led to interpretations that a de facto two-way blockade has formed between the US and Iran, while Brent oil has risen again to $103.

    Risks are also increasing in the global logistics sector. According to the CEO of German shipping giant Hapag-Lloyd, rebuilding the maritime shipping insurance system will take at least 6-8 weeks. Furthermore, events such as Israel’s attacks on the South Pars natural gas field, Iran’s targeting of the Ras Laffan LNG facility in Qatar, and damage to industrial infrastructure in the UAE are said to have caused damage to energy infrastructure that could last for months or even years.

    According to the analyst, this indicates that despite seemingly high risk appetite, systemic vulnerabilities are steadily increasing.

    *This is not investment advice.

  • ‘Nanny Diaries’ Series in the Works at Netflix, Scarlett Johansson Exec Producing

    Netflix is eyeing an early 2000s bestseller for its next series adaptation of a book.

    The streamer is developing a show based on The Nanny Diaries, a 2002 novel by Emma McLaughlin and Nicola Kraus. Scarlett Johansson, who starred in the 2007 feature film based on the book, will serve as an executive producer on the project from Warner Bros. Television and Berlanti Productions.

    Amy Chozick (The Girls on the Bus) and Jenny Bicks (Sex and the City, HBO’s Divorce) are adapting the novel and will serve as showrunners on the potential series.

    Whereas the film more or less followed the book’s plot, the series description suggests a somewhat different take. “Annie, a broke, aspiring writer in search of a story, takes a nanny job for a magnetic Upper East Side socialite, plunging into an elite world of unimaginable excess,” the logline reads. “When she lands the book deal of her dreams to go undercover and expose the salacious lives of the ultra-rich, Annie must try to keep up this double life even as she grows attached to the people and this world … and finds out what her elusive boss is actually capable of.” Authors McLaughlin and Kraus both worked as nannies before writing the book.

    The Nanny Diaries is the latest in a long string of literary adaptations at Netflix. The streamer recently ordered a series based on Jonathan Franzen’s The Corrections, and Bridgerton, His & Hers and The Night Agent are among its biggest series so far this year.

    Chozick, Bicks and Johansson (via her These Pictures banner) will executive produce with Greg Berlanti, Sarah Schechter and Leigh London Redman of Berlanti Productions; Jonathan Lia and Keenan Flynn of These Pictures; and Gary Barber and Sean Hoagland of Spyglass Media Group.

    Deadline first reported the news.

  • The U.K.’s Channel 4 Got Louder Under Ian Katz. Not Everyone Heard the Same Thing

    The U.K.’s Channel 4 Got Louder Under Ian Katz. Not Everyone Heard the Same Thing

    For much of the past eight years, Channel 4, the British free-to-air public broadcaster, has felt louder than ever. More confrontational. More willing to step into contested territory. More determined to provoke a reaction rather than quietly earn one.

    Behind that noise, a quieter and more complicated conversation has been playing out among the people who actually make its programs.

    That tension defines Ian Katz’s tenure more than any single commission.

    When Katz arrived in 2017, he was not the obvious candidate. His background was in journalism, not television production. He had edited Newsnight, not built formats or sustained returning series. He brought a sharp instinct for narrative and public debate. What he did not bring was a track record of delivering repeatable hits at scale.

    That distinction shaped both his strengths and his limitations.

    Inside Channel 4, Katz pushed hard on what the broadcaster should say. The slate leaned into difficult subjects, from dramas like It’s a Sin, to fast-moving stories designed to land in the middle of national conversations, including investigations such as Russell Brand: In Plain Sight. When it worked, it reaffirmed Channel 4’s founding purpose as a public service broadcaster willing to challenge and unsettle.

    Producers noticed.

    “He backed things others wouldn’t touch,” one long-time supplier told me. “You always felt there was permission to go further.”

    But that same producer added:

    “Sometimes it felt like the conversation mattered more than whether anyone was actually watching.”

    That tension runs through much of the feedback.

    For all the clarity around tone, Channel 4 became harder to read as a buyer. Priorities shifted as the organization accelerated its move toward streaming. Some producers thrived. Others struggled to navigate.

    “It became less predictable,” one executive said. “Which is exciting creatively, but commercially it can be difficult to build a business around.”

    Katz’s Channel 4 made programs people talked about. It commissioned distinctive factual series such as To Catch a Copper and The Jury: Murder Trial, alongside investigations including Russell Brand: In Plain Sight. It backed sitcoms like Big Boys, widely praised for its voice and emotional precision. It also presided over returning successes including Gogglebox, The Great British Bake Off and Taskmaster.

    What it found more intermittently was scale.

    The music competition show The Piano stands as the clearest example of a Katz-era format that travelled both emotionally and commercially. But it was the exception.

    The familiar critique is that Katz failed to deliver defining hits. The more uncomfortable question is whether those hits are meaningfully easier to identify anywhere else.

    Across the industry, the idea of a “hit” has quietly broken down. The metrics still exist. The shared understanding does not.

    Even the most successful formats on rival broadcasters now struggle to dominate in the way earlier generations did. Success is more fragmented, more platform-dependent and quicker to peak.

    “There were hits,” one producer told me. “Just not in the way we used to recognise them.”

    He paused, then added:

    “Some of the shows that mattered most didn’t behave like hits anymore. Big Boys may define a generation more than anything on a bigger channel, but it doesn’t show up in the numbers the way commissioners used to expect. That’s not a Channel 4 problem. That’s the market.”

    Audience attention is dispersed across platforms. Viewing is personalised and increasingly global. A program can have deep cultural impact without ever registering as a mass audience event. Large audiences no longer guarantee lasting relevance.

    The industry still talks about hits. It no longer agrees on what one is.

    Channel 4 did not create that condition. It made it visible.

    “There was always a sense the channel thought it was doing better than the rest of us did,” one producer said. “And maybe it was, just not in ways we could easily measure.”

    Others are more generous.

    “The later slate felt stronger,” another supplier noted. “More confident. It felt like he grew into the role.”

    Katz developed as a commissioner, and Channel 4 adapted under his leadership. It accelerated its shift toward streaming and maintained its reputation for distinctive, risk-taking content. It did not retreat into safety during a period of disruption.

    But it never resolved the central challenge facing modern public service broadcasters: how to remain distinctive without becoming niche, and popular without becoming predictable.

    That challenge is inseparable from Channel 4’s position within a London production ecosystem that increasingly feeds global platforms. Producers are no longer building businesses around a single domestic commissioner. They are developing ideas that must travel.

    Channel 4 commissions locally. Its suppliers think globally.

    If the linear slate reflected a strong editorial hand, digital often operated with far more freedom and far less clarity.

    Producers describe a space where teams could experiment across YouTube and Channel 4.0 with minimal oversight, but without a clear strategic mandate. Digital sat between functions: development pipeline, marketing tool and commercial platform, without fully committing to any.

    “There was freedom,” one digital producer noted, “but not always direction.”

    The result was innovation that rarely scaled.

    Attempts to bridge the gap rarely landed. Digital formats struggled to move onto linear without meaningful backing. Linear shows repurposed for digital were lightly tested and quickly dropped. Yet the potential was visible: low-cost, talent-led formats closer to creator content showed they could travel when properly supported.

    The frustration is not that digital was overlooked. It is that it was never fully treated as a commissioning engine in its own right.

    That same gap between idea and execution appeared in parts of the linear slate. Shows like reality format Rise and Fall and comedy horror Generation Z arrived with bold premises but struggled to convert that ambition into audience connection.

    “They were clever on paper,” one producer said, “but you could feel the format admiring itself.”

    In a fragmented market, attention is harder to win than ever.

    Channel 4 is not just competing with other broadcasters. It is competing with a definition of success it cannot fully play by.

    Katz did not resolve that contradiction. He made it unavoidable.

    His successor will not simply be judged on editorial bravery. They will be expected to translate intent into scale, rebuild confidence with producers and deliver programs that not only provoke conversation but command audiences.

    Katz did not fail that challenge. He clarified it.

    Channel 4 has always defined itself by its willingness to challenge expectations. Under Katz, it became louder in doing so.

    The question now is whether the next phase can connect that editorial sharpness to audience scale, and integrate digital not as an adjunct but as a core part of how the broadcaster commissions, develops and grows ideas.

    Because in a landscape where attention no longer lives in one place, knowing what to say is no longer enough.

    You have to know where it lands, and who it’s actually for.

  • Warner Bros shareholders approve Paramount’s takeover

    Warner Bros shareholders approve Paramount’s takeover

    Attention now turns to regulatory authorities, with both Washington and London expected to examine the merger’s impact on competition.

    Warner Bros Discovery shareholders have backed the company’s proposed $110bn merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal.

    Per a preliminary vote count on Thursday, the overwhelming majority of Warner Bros Discovery shareholders voted in support of selling the entire business to Paramount for $31 a share, the company said. Including debt, the deal is valued at nearly $111bn.

    Recommended Stories

    list of 4 itemsend of list

    Under the pay packages proposed to executives, CEO David Zaslav could receive up to $887m if the sale is completed.

    Skydance-owned Paramount wants to buy all of Warner. That means HBO Max, valuable titles like Harry Potter and even CNN could soon find themselves under the same roof with CBS, Top Gun and the Paramount+ streaming service. A greenlight from company shareholders increases the likelihood of that becoming a reality.

    Attention now turns to regulatory authorities, with both Washington and London expected to examine the merger’s impact on competition.

    The United States Department of Justice sent subpoenas in late March seeking information on how the merger would affect studio output, content rights, streaming competition and movie theatres.

    Paramount triumphed over Netflix in a months-long bidding war, sealing the Warner Bros deal and cementing chief executive David Ellison as a powerful force in the rapidly contracting entertainment landscape.

    The merger has faced considerable opposition from actors, filmmakers and theatre groups that have raised concerns about the loss of a major studio and its impact on the creative community, theatre owners and moviegoers.

    “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros Discovery,” a Paramount spokesperson said.

    The deal is expected to close in the third quarter this year.

    The merger will reduce the number of major US film studios to four and lead to fewer jobs, creative opportunities and less choice for consumers, over 4,000 film industry professionals and consumers said in an open letter, which called on California Attorney General Rob Bonta to consider taking legal action to block it.

    Ellison promised theatre owners that Paramount and Warner Bros would release at least 30 films a year if regulators clear the deal.

    However, analysts expect Hollywood’s overall film output to contract, as theatre attendance declines and the major studios focus on fewer, big-budget films.

  • ‘Nanny Diaries’ Series With Scarlett Johansson, Greg Berlanti Producing in Development at Netflix

    ‘Nanny Diaries’ Series With Scarlett Johansson, Greg Berlanti Producing in Development at Netflix

    A TV adaptation of “The Nanny Diaries” is in development at Netflix, Variety has confirmed.

    The series would be based on the book of the same name by by Emma McLaughlin and Nicola Kraus. Amy Chozick (“House of Cards,” “The Girls on the Bus”) and Jenny Bicks (“Sex and the City,” “The Greatest Showman”) serve as writers, executive producers, and co-showrunners.

    Scarlett Johannson, who starred in the film adaptation of the book in 2007, will executive produce under her These Pictures banner alongside Jonathan Lia and Keenan Flynn. Greg Berlanti, Sarah Schechter, and Leigh London Redman executive produce via Berlanti Productions. Gary Barber and Sean Hoagland executive produce for Spyglass Media Group. Warner Bros. Television, where Berlanti is under an overall deal, is the studio.

    The official logline for the project states:

    “Annie, a broke, aspiring writer in search of a story, takes a nanny job for a magnetic Upper East Side socialite, plunging into an elite world of unimaginable excess. When she lands the book deal of her dreams to go undercover and expose the salacious lives of the ultra-rich, Annie must try to keep up this double life even as she grows attached to the people and this world… and finds out what her elusive boss is actually capable of.”

    “The Nanny Diaries” was originally published in 2002, while a sequel novel titled “Nanny Returns” was published in 2010. The film version starred Johansson as Annie along with Laura Dern, Paul Giamatti, Alicia Keys, Chris Evans, and Nicholas Reese Art.

    Deadline first reported the development news.

  • D4vd Had ‘Significant Amount’ of Child Pornography in iCloud Account, Prosecutors Say

    D4vd Had ‘Significant Amount’ of Child Pornography in iCloud Account, Prosecutors Say

    Prosecutors have revealed that singer D4vd had a “significant amount” of child pornography on his iCloud storage account during a hearing on Thursday, just days after he was charged with the murder of 14-year-old Celeste Rivas Hernandez.

    During the hearing, Beth Silverman, deputy district attorney for Los Angeles County, said that they uncovered a significant amount of material that’s taking a long time to upload, according to NBC News. D4vd, whose real name is David Anthony Burke, had eight terabytes of data on an iCloud storage account, and prosecutors have only been able to download one terabyte thus far. It’s unclear how much of the iCloud content contained child pornography.

    Prosecutors said that defense attorneys could view the data at a clean computer in the justice center, and that there are an additional 20 to 30 terabytes of raw data across various devices that the district attorney’s office is attempting to transfer onto drives for the singer’s defense team. Burke, who is being held without bail, appeared at the hearing in an orange jumpsuit during the hearing and was “slumped” in his chair.

    The Los Angeles County medical examiner released an autopsy report yesterday that revealed Hernandez died of multiple stab wounds and that the manner was “homicide.” The report, which was completed in December but was sealed pending the LAPD investigation, found that Rivas died from “multiple penetrating injuries” including two wounds to the torso, one in the upper abdomen, penetrating the liver, and one in the left chest. Her body was found in multiple bags in the front trunk of Burke’s Tesla in September 2025. Her arms and legs had been cut off, and her body was significantly decomposed, according to the report.

    Rivas was last seen alive on April 23, 2025, when she went to Burke’s home in the Hollywood Hills, according to D.A. Nathan Hochman. Burke was arrested last Friday and was charged on Monday, facing a first-degree murder charge, which could potentially make him eligible for the death penalty. He will also face charges for lewd acts with a child and for dismembering the girl’s body.

  • Bitmine, a company that purchased a large amount of Ethereum this morning, has staked thousands of ETH! Here are the details

    Bitmine, a company that purchased a large amount of Ethereum this morning, has staked thousands of ETH! Here are the details

    In the cryptocurrency market, institutional players’ Ethereum-focused strategies continue to attract attention. According to information shared by the on-chain data platform Lookonchain, Bitmine recently staked 93,600 Ethereum. The total value of this transaction is estimated to be approximately $218 million.

    With this latest transaction, the company’s total staked $ETH has reached 3,489,469. The current market value of these assets is approximately $8.13 billion.

    This figure represents approximately 70% of Bitmine’s total Ethereum holdings. This indicates that the company is focusing on a staking model to generate long-term returns.

    This development is a continuation of Bitmine’s aggressive strategy to increase its Ethereum holdings. Earlier in the day, it was reported that the company purchased an additional 100,000 $ETH for approximately $233.7 million. In doing so, the company is both expanding its holdings and leveraging them to generate passive income through staking.

    Experts say that institutional investors turning to staking activities is a positive signal for the Ethereum ecosystem. Such large-scale transactions increase network security while also locking up a portion of the market supply, potentially influencing price dynamics.

    Bitmine’s latest move once again demonstrates institutional investors’ confidence in Ethereum and their expectations for long-term growth.

    *This is not investment advice.

  • Five Annapurna Interactive games get Switch 2 releases

    If you’re a Switch 2 owner itching for something new to play and you happen to be partial to an Annapurna Interactive game, then boy is it your lucky day. The prolific indie publisher has announced that five of its titles are coming to Switch 2, three in the form of next-gen upgrades and two for the first time on Nintendo platforms.

    The magnificent Sayonara Wild Hearts and Lorelei and the Laser Eyes are available starting today, complete with 120Hz and 4K upgrades for Nintendo’s latest console. First-time buyers can grab Sayonara Wild Hearts for $13, while 2024’s Lorelei and the Laser Eyes costs $25. The upgrades are free if you already own either game on Switch, and Sayonara Wild Hearts also adds the previously unavailable Remix Arcade mode for the first time. This speeds up gameplay and removes loading as you chase high scores.

    Next month, May 28, cyberpunk cat adventure Stray is also getting the Switch 2 treatment, sporting improved 4K visuals, a frame rate boost and, fittingly given its feline focus, mouse controls. The Switch 2 port will be available to purchase digitally from the eShop for $30, but it’s not clear if this will also be a free upgrade for those who bought Stray on Switch.

    Katamari creator Keita Takahashi’s charmingly weird puzzle-adventure To a T skipped Nintendo consoles when it launched last year, so it’s nice to see that one coming to Switch 2 on June 11 (digital-only, $20). A few weeks later on June 23, cozy narrative game Wanderstop arrives on both Switch and Switch 2. It’ll cost $25 on the eShop, with no word on a physical version.

    Annapurna Interactive released a lot of its games on Switch, and that trend happily looks set to continue throughout the Switch 2 generation. The musical turn-based RPG People of Note came to Nintendo’s latest console at launch earlier this month, with stylish adventure game Mixtape also arriving on Switch 2 on May 7.

  • Shocking Claims from a Former Chinese Crypto Exchange Founder: “The Inevitable End Is Coming”

    Shocking Claims from a Former Chinese Crypto Exchange Founder: “The Inevitable End Is Coming”

    CoinEX founder Yang Haipo, in a comprehensive analysis he published, made rather pessimistic assessments about the future of the sector.

    Haipo argued that the current structure of the cryptocurrency market, particularly Bitcoin, is unsustainable, suggesting that a sharp decline from the trillion-dollar market capitalization is “inevitable.”

    Yang Haipo stated that Bitcoin offers no productivity, carries no consumption value, and provides no real monetary function, making it difficult for this structure to survive in the long term. Arguing that comparisons to gold are invalid, Haipo claimed that gold occupies a different position due to both its physical uses and its historical role as a currency.

    Haipo noted that Bitcoin previously had use cases for dark web payments, cross-border transfers, and micro-payments, but these functions were largely abandoned following the block size debates. According to Haipo, this turning point transformed Bitcoin from a “flawed currency” into a purely speculative instrument.

    Haipo also drew attention to the network’s security model, stating that as block rewards decrease, the system will become entirely dependent on transaction fees, which contradicts the “HODL” (holding) narrative.

    One of the most striking points in Haipo’s analysis was his criticism of the economic structure of the crypto sector. Describing the sector as a “negative-sum system,” Haipo stated that a fixed cost of between $35 and $50 billion leaves the system each year.

    Haipo stated that these costs are distributed among mining, exchanges, project teams, and other service providers, arguing that the actual revenue the sector receives from the outside world is extremely limited. He noted that transaction fees and the token economy largely create an “internal loop,” and that the system is primarily dependent on the influx of new investors.

    Haipo, likening the crypto market to the casino industry, described exchanges as “casinos,” miners as “infrastructure providers,” and projects as “gambling tables.” However, he argued that presenting crypto with narratives like “revolution” or “the future of finance” distorts investors’ risk perception.

    Related News Bitcoin (BTC) Is Gaining Momentum Again – Is the Recent Rally a Bull Trap or a Sign of New Rallies to Come?

    According to Yang Haipo, the total operational costs incurred in the crypto sector to date have reached approximately $500 billion. Furthermore, when individual investor spending, hacking incidents, and penalties are added, the total “dead weight loss” is estimated to exceed $1 trillion.

    Haipo argued that mining operations, in particular, have largely become about electricity and equipment costs, and that these expenditures do not generate lasting value, stating that the sector’s resource consumption has reached unsustainable levels.

    Haipo calculated that the current cryptocurrency market capitalization of approximately $2.5 trillion actually has a lower “circulating value,” estimated at around $1.6 trillion. In contrast, the total value of stablecoin and fiat balances representing liquidity in the system is approximately $200 billion.

    Haipo stated that this situation means approximately eight times effective leverage, and argued that even if only a small portion of investors wanted to exit, the market could face a serious liquidity crisis.

    One of the most critical findings of the analysis was the assessment that the sustainability of the market is entirely dependent on new capital inflows. According to Haipo, ETFs and institutional investors represent the “last major wave of capital” entering the sector.

    Haipo argued that if new entries slow down, the system will experience a “net loss of value,” ultimately leading to a massive decline in the cryptocurrency market.

    However, Haipo added that crypto assets would not be completely wiped out; a certain floor value would be established due to features such as censorship resistance and permissionless transfers. But he argued that maintaining the current trillion-dollar levels would be difficult.

    *This is not investment advice.

  • Ohio man wins $158,585 lottery prize thanks to clerk’s mistake

    Ohio man wins $158,585 lottery prize thanks to clerk’s mistake

    Odd News // 3 weeks ago

    Virginia man buys 20 tickets for one lottery drawing, wins 20 times

    March 27 (UPI) — A Virginia man bought 20 identical tickets for a single Pick 4 lottery drawing and ended up winning $5,000 for each ticket — a total of $100,000.