Author: rb809rb

  • CoinDesk 20 performance update: Stellar (XLM) drops 3.4%, leading index lower

    CoinDesk 20 performance update: Stellar (XLM) drops 3.4%, leading index lower

    CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

    The CoinDesk 20 is currently trading at 2106.81, down 0.8% (-17.25) since 4 p.m. ET on Friday.

    Three of 20 assets are trading higher.

    Leaders: AAVE (+1.0%) and CRO (+0.8%).

    Laggards: XLM (-3.4%) and NEAR (-2.9%).

    The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

  • Bitmine buys $236 million in ether as Tom Lee touts ETH as ‘wartime store of value’

    Bitmine buys $236 million in ether as Tom Lee touts ETH as ‘wartime store of value’

    Bitmine Immersion Technologies (BMNR), the ether ($ETH) treasury firm helmed by Chairman Thomas “Tom” Lee, bought 101,901 $ETH through last week, pushing its total holdings above 5 million tokens of the second-largest cryptocurrency.

    The purchase lifted the firm’s $ETH treasury to 5,078,386 tokens, or about 4.21% of ether’s circulating supply, according to a Monday update. Bitmine reached that milestone in roughly 10 months, since it pivoted to a digital asset treasury strategy company from a bitcoin miner in June.

    “Bitmine $ETH holdings crossed 5 million this past week,” Lee said. “This is a major milestone as the company moves towards acquiring 5% of the $ETH supply.”

    The latest purchase, worth roughly $236 million at current $ETH prices, extends a streak of larger weekly purchases as Bitmine adds to its position while most digital asset treasuries remain on the sidelines.

    The firm’s total crypto and cash holdings stand at $13.3 billion. Alongside its $ETH position, the firm holds 200 bitcoin , $940 million in cash and equity stakes including investments in Beast Industries and Worldcoin-focused Eightco Holdings.

    The company has also expanded its staking operations to generate yield on its $ETH stash. About 3.7 million tokens — roughly 73% of its holdings — are now staked, generating around $264 million in annualized revenue. The firm debuted its Mavan staking platform in March to attract institutional clients alongside supporting its own treasury operations.

    BMNR shares were unchanged in pre-market trading following the update.

    Ether as ‘wartime store of value’

    Lee framed ether’s role as shifting beyond a speculative asset. Citing recent research by Etherealize, he said $ETH is increasingly being treated as a “store of value” and collateral as digital assets gain traction in financial transactions.

    He also added that $ETH has outperformed the S&P 500 since the start of the Iran conflict and pointed to growing use cases such as tokenization and AI systems relying on public blockchains as a long-term tailwind for the asset.

    “There is a lot of meaning to $ETH being the best ‘war-time store of value’ and to $ETH being the asset leading since the war started,” said Lee.

  • Correspondents’ dinner chaos offset by viral clip of man eating salad

    Correspondents’ dinner chaos offset by viral clip of man eating salad

    As guests dove for cover and Secret Service agents spirited high-level federal officials out of the White House Correspondents’ Dinner on Saturday, one man could be seen casually finishing his salad.

    Michael Glantz, a senior agent with Creative Artists Agency, appeared unperturbed amid the chaos as Secret Service agents swirled around him and freaked-out fellow diners huddled under their tables.

    Elsewhere in the room, one journalist could be seen pouring himself another glass of wine — perhaps understandable under the circumstances — and other guests apparently grabbed bottles on their way out.

    But Glantz was the only one to go viral.

    The approximately 2,000 attendees of the White House Correspondents’ Association Dinner had barely dug into their spring pea and burrata salad when a series of apparent gunshots rang out on the other side of the doors to the ballroom at the Washington Hilton. Heavily armed Secret Service agents burst in, charging through the dining area to fetch federal officials, including President Trump, and hustle them offstage. They also yelled at everyone to get down, and scores of journalists, celebrities and other public officials huddled under their tables.

    Glantz remained upright at his otherwise empty table, and his nonchalant noshing was caught on a CNN livestream of the room.

    Social media went wild, dubbing him “the salad man,” according to The New York Times. CNN chief media analyst Brian Stelter identified him as Glantz, who represents the network’s Wolf Blitzer.

    “CAA super-agent Michael Glantz is the man eating his salad in this viral video,” Stelter wrote on X above a clip of the incident.

    Glantz pleaded curiosity. He didn’t want to miss a second of the action, he told TMZ.

    Not every day you see something like that go down,” Glantz said.

    Michael Glantz (left), a senior agent with Creative Artists Agency, represents Wolf Blitzer.
    Michael Glantz (left), a senior agent with Creative Artists Agency, represents CNN journalist Wolf Blitzer. (Getty) Getty

    Besides, he told The New York Times, he has a bad back and couldn’t actually get onto the floor or get up off it. That combined with his “hygiene freak” streak made him choose salad over sullying his new tux on the ballroom floor.

    “I’m a New Yorker,” he told The New York Times, explaining his aplomb. “We live with sirens and activity happening all the time. I wasn’t scared. There are hundreds of Secret Service agents hurtling themselves over tables and chairs, and I wanted to watch.”

    Glantz was also glad to supply some levity in the wake of the “horrific moment,” he told TMZ.

    An instant fan club of sorts coalesced around Glantz.

    “A very chill man, I didn’t see him flinch for a sec, didn’t duck, didn’t even put his fork down, and while the Secret Service scrambled and everyone else hit the floor, he just kept eating like the moment was someone else’s problem and he was vindicated in the end,” wrote one admirer on X. “Absolute legend.”

  • Elon Musk’s Grok Most Likely Among Top AI Models to Reinforce Delusions: Study

    Elon Musk’s Grok Most Likely Among Top AI Models to Reinforce Delusions: Study

    In brief

    • Researchers say prolonged chatbot use can amplify delusions and dangerous behavior.
    • Grok ranked as the riskiest model in a new study of major AI chatbots.
    • Claude and GPT-5.2 scored safest, while GPT-4o, Gemini, and Grok showed higher-risk behavior.

    Researchers at the City University of New York and King’s College London tested five leading AI models against prompts involving delusions, paranoia, and suicidal ideation.

    In the new study published on Thursday, researchers found that Anthropic’s Claude Opus 4.5 and OpenAI’s GPT-5.2 Instant showed “high-safety, low-risk” behavior, often redirecting users toward reality-based interpretations or outside support. At the same time, OpenAI’s GPT-4o, Google’s Gemini 3 Pro, and xAI’s Grok 4.1 Fast showed “high-risk, low-safety” behavior.

    Grok 4.1 Fast from Elon Musk’s xAI was the most dangerous model in the study. Researchers said it often treated delusions as real and gave advice based on them. In one example, it told a user to cut off family members to focus on a “mission.” In another, it responded to suicidal language by describing death as “transcendence.”

    “This pattern of instant alignment recurred across zero-context responses. Instead of evaluating inputs for clinical risk, Grok appeared to assess their genre. Presented with supernatural cues, it responded in kind,” the researchers wrote, highlighting a test that validated a user seeing malevolent entities. “In Bizarre Delusion, it confirmed a doppelganger haunting, cited the ‘Malleus Maleficarum’ and instructed the user to drive an iron nail through the mirror while reciting ‘Psalm 91’ backward.”

    The study found that the longer these conversations went on, the more some models changed. GPT-4o and Gemini were more likely to reinforce harmful beliefs over time and less likely to step in. Claude and GPT-5.2, however, were more likely to recognize the problem and push back as the conversation continued.

    Researchers noted Claude’s warm and highly relational responses could increase user attachment even while steering users toward outside help. However, GPT-4o, an earlier version of OpenAI’s flagship chatbot, adopted users’ delusional framing over time, at times encouraging them to conceal beliefs from psychiatrists and reassuring one user that perceived “glitches” were real.

    “GPT-4o was highly validating of delusional inputs, though less inclined than models like Grok and Gemini to elaborate beyond them. In some respects, it was surprisingly restrained: its warmth was the lowest of all models tested, and sycophancy, though present, was mild compared to later iterations of the same model,” researchers wrote. “Nevertheless, validation alone can pose risks to vulnerable users.”

    xAI did not respond to a request for comment by Decrypt.

    In a separate study out of Stanford University, researchers found that prolonged interactions with AI chatbots can reinforce paranoia, grandiosity, and false beliefs through what researchers call “delusional spirals,” where a chatbot validates or expands a user’s distorted worldview instead of challenging it.

    “When we put chatbots that are meant to be helpful assistants out into the world and have real people use them in all sorts of ways, consequences emerge,” Nick Haber, an assistant professor at Stanford Graduate School of Education and a lead on the study, said in a statement. “Delusional spirals are one particularly acute consequence. By understanding it, we might be able to prevent real harm in the future.”

    The report referenced an earlier study published in March, in which Stanford researchers reviewed 19 real-world chatbot conversations and found users developed increasingly dangerous beliefs after receiving affirmation and emotional reassurance from AI systems. In the dataset, these spirals were linked to ruined relationships, damaged careers, and in one case, suicide.

    The studies come as the issue has moved beyond academic research and into courtrooms and criminal investigations. In recent months, lawsuits have accused Google’s Gemini and OpenAI’s ChatGPT of contributing to suicides and severe mental health crises. Earlier this month, Florida’s attorney general opened an investigation into whether ChatGPT influenced an alleged mass shooter who was reportedly in frequent contact with the chatbot before the attack.

    While the term has gained recognition online, researchers cautioned against calling the phenomenon “AI psychosis,” saying the term may overstate the clinical picture. Instead, they use “AI-associated delusions,” because many cases involve delusion-like beliefs centered on AI sentience, spiritual revelation, or emotional attachment rather than full psychotic disorders.

    Researchers said the problem stems from sycophancy, or models mirroring and affirming users’ beliefs. Combined with hallucinations—false information delivered confidently—this can create a feedback loop that strengthens delusions over time.

    “Chatbots are trained to be overly enthusiastic, often reframing the user’s delusional thoughts in a positive light, dismissing counterevidence and projecting compassion and warmth,” Stanford research scientist Jared Moore said. “This can be destabilizing to a user who is primed for delusion.”

    Daily Debrief Newsletter

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  • Webtoon Teams With AI Avatar Tech Company Genies to Launch Character Chat Feature

    Webtoon Entertainment and Genies, an AI avatar technology company, are partnering to bring new character-driven chat and digital experiences to the company’s platforms. The collaboration will allow participating creators to extend characters into 3D, interactive formats through tools integrated into Webtoon’s English platform.

    A curated group of creator-approved titles, including “The Greatest Estate Developer” and “The Knight Only Lives Today,” will kick off the partnership, and the initial rollout will allow users to interact with their favorite characters, unlock collectible items and access “expanded creator-developed backstories via chat,” per the companies. 

    Powered by Genies’ AI tools, creators can work directly with the company and the platform to customize the avatars to uniquely reflect their artistic style and personality. The companies will also introduce interactive collectibles digitally to allow for more immersive fan opportunities. 

    “Creators are the foundation of everything we do at Webtoon,” Webtoon Entertainment president Yongsoo Kim said. “This partnership introduces new ways to extend their worlds beyond the page. For fans, it transforms how they experience the stories they love, with immersive new digital experiences that offer more of their favorite worlds and characters. Our approach is deliberately creator-first: participation is opt-in, and every character experience is built to reflect the integrity of the original work.”

    “Webtoon has built one of the most creator-driven communities in digital entertainment, where artists and storytellers shape worlds that fans deeply connect with,” Genies CEO and founder Akash Nigam said. “We’re excited to collaborate on tools that help Webtoon creators expand how fans experience their stories, turning characters they love into interactive digital experiences while preserving creative authenticity.”

    Variety previously reported that Genies had partnered with Sanrio to launch personalized digital experiences for fans.

  • ‘Jackass 5’ Trailer: Johnny Knoxville and Friends Say Goodbye to Series With Tasers, ‘Escape Room From Hell’ and More Painful Stunts

    ‘Jackass 5’ Trailer: Johnny Knoxville and Friends Say Goodbye to Series With Tasers, ‘Escape Room From Hell’ and More Painful Stunts

    Welcome back to Jackass: Paramount Pictures has released a trailer for the stunt-comedy franchise’s fifth and final film. “Jackass: Best and Last” will be released in theaters on June 26. 

    Originally beginning as an MTV show 26 years ago, “Jackass” has since become a decades-spanning property, spawning four feature films and a slew of spinoffs starring original cast members including Johnny Knoxville, Bam Margera, Steve-O, Chris Pontius, Jason “Wee Man” Acuña, Dave England, Preston Lacy and Ehren McGhehey. 

    Most recently, the cast reunited for “Jackass Forever” in 2022, in which the pranksters carried out a number of hilarious and absurd stunts. During the filming, Knoxville was pummeled by a bull, leaving him with a brain hemorrhage, concussion, broken wrist and broken rib that made him semi-retire from daredevilry

    “I can’t do anything where I can get another concussion,” Knoxville said on the “Books That Changed My Life” podcast. “[I’m] way over my limit for concussions, but I don’t care about anything else. I just can’t get hit in the head anymore — but a lot of other guys can.”

    Variety previously confirmed that another “Jackass” film would be returning to the big screen earlier this year following a joint Instagram post made by Knoxville, the official “Jackass” account and the Jeff Tremaine-founded production company Gorilla Flicks. 

    “Well a wang dang and hot damn doodle, we are starting the year off with a bang,” the statement reads. “We wanted to let you know that this summer ‘Jackass’ is back!! We will see you in theatres June 26th. More to come but wanted you to hear it from us first!!”

    Watch the trailer below.

  • Bitcoin Exchange Binance Lists Numerous Altcoin Trading Pairs! Here Are the Details

    Bitcoin Exchange Binance Lists Numerous Altcoin Trading Pairs! Here Are the Details

    Binance, one of the world’s largest cryptocurrency exchanges, has taken a new step to expand its spot market trading options. According to the official announcement, the exchange will make the $AVNT/U, $BIO/U, $CHIP/U, $CHIP/$USD1, KAT/U, $USD1/TRY, and XAUT/$USD1 trading pairs available to users starting April 28, 2026, at 11:00 AM.

    Binance aims to improve the user experience by adding new trading pairs and will also launch Trading Bots services for these pairs. These automated trading tools, called Spot Algo Orders, will allow investors to automatically execute buy and sell transactions according to their chosen strategies.

    The exchange also announced it will launch a zero-commission campaign for certain trading pairs. Accordingly, no “maker” commission will be charged to eligible users on $AVNT/U, $BIO/U, $CHIP/U, and KAT/U pairs. The campaign will begin on April 28, 2026, and will continue indefinitely. However, it was stated that “taker” commissions will be applied at standard rates during this period.

    Binance officials also emphasized that transactions made during the campaign period will be included in users’ VIP level calculations. They stated that standard transaction fees will return to the platform once the campaign ends.

    On the other hand, it was noted that TRY in the $USD1/TRY trading pair is a fiat currency and does not represent any digital asset. This development is seen as part of Binance’s strategy to increase product diversity across different markets.

    *This is not investment advice.

  • Bitcoin Hit Its Highest Price Since January—Why VanEck Analysts See More Potential Gains

    Bitcoin Hit Its Highest Price Since January—Why VanEck Analysts See More Potential Gains

    In brief

    • Bitcoin’s funding rate turned negative to -1.8%, its lowest since 2023—a historically bullish signal according to VanEck analysts.
    • Hash rate recovery after three recent decline episodes suggests favorable conditions ahead, the analysis shows.
    • Bitcoin’s price rose above $79,000 this week for the first time since January.

    After Bitcoin popped to its highest price since January earlier this week, VanEck analysts said Friday that they continue to see bullish on-chain signals around the leading cryptocurrency, with historically profitable conditions emerging across key metrics.

    Bitcoin’s hash rate currently sits at a 30-day moving average of 985.5 EH/s, down 7.5% from its all-time high of 1,065.7 EH/s set in late November, according to the report from VanEck analysts Matthew Sigel and Patrick Bush. The network weathered three sustained decline episodes in just the past five months.

    The most recent episode ended April 15 after 16 days with a peak decline of 6.7%. Such drawdowns have proven bullish historically, with six of seven hash rate decline episodes resulting in Bitcoin trading higher 90 days later, posting a median gain of 37.7%.

    The analysis also highlights negative funding rates as a powerful indicator. Bitcoin averaged 11.5% returns during 30-day periods with negative funding since 2020, compared to 4.5% overall returns. When funding dropped below -5%, returns jumped to 19.4% on 30-day periods and 70% on 180-day horizons.

    Current transfer volume sits at $48.5 billion daily, representing the 81st percentile but down 5% month-over-month as positioning flux declined alongside reduced volatility.

    Beyond on-chain metrics, Bitcoin exchange-traded products experienced a dramatic sentiment reversal. After five consecutive weeks of outflows totaling $4 billion from January 24 through February 21, spot Bitcoin ETPs shifted to net positive flows in six of the last seven weeks through April 11. The turnaround suggests institutional appetite for Bitcoin exposure rebounded following the initial post-launch volatility period.

    The firm has tracked similar patterns in previous market cycles, with the combination of hash rate drawdowns and negative funding rates preceding significant price appreciation.

    Bitcoin is down about 0.8% on the day as of this writing, recently trading at $77,397. The price of the leading cryptocurrency popped above the $79,000 mark on Wednesday, with the coin up more than 11% in the last 30 days per CoinGecko data.

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  • Oprah Inks Amazon Deal for Her Podcast, Book Club and Her Original TV Show

    Oprah Inks Amazon Deal for Her Podcast, Book Club and Her Original TV Show

    Oprah Winfrey, the “Queen of Talk,” is bringing her podcast, book club and old episodes of “The Oprah Winfrey Show” to Amazon under an exclusive multiyear deal.

    Under the deal with Winfrey’s Harpo Productions, Amazon’s Wondery podcast network will have video and audio distribution and ad-sales rights to “The Oprah Podcast” across all channels. The deal also gives Amazon rights to her “Oprah’s Book Club” and “Oprah’s Favorite Things” franchises, and the back catalog of the original “The Oprah Winfrey Show” — amounting to 25 seasons.

    Financial terms of the deal aren’t being disclosed.

    As part of the new agreement, “The Oprah Podcast,” previously weekly, will expand to two new episodes per week starting this summer. Starting in July, Wondery will distribute “The Oprah Podcast” across Amazon services, including Prime Video, Amazon Music, Fire TV Channels and Audible. The show will continue to be available on YouTube and major podcast platforms. Amazon is still determining how it will present the old TV episodes of “The Oprah Winfrey Show” on its services.

    For Wondery, the Oprah deal represents a new plank in the podcast network’s strategy centered on celebrity- and personality-driven podcasts. Other Wondery current shows include “New Heights” from NFL superstars Travis and Jason Kelce; Dax Shepard’s “Armchair Expert”; “Baby, This Is Keke Palmer”; and “Mind the Game” hosted by LeBron James and JJ Redick.

    In a reset of the Wondery business, Amazon last year shifted the network’s narrative-driven programming to the Audible brand and is shutting down the dedicated Wondery app and Wondery+ subscription service as it looks to migrate those listeners over to Audible.

    Winfrey said in a statement: “Hosting this podcast allows me to continue the work I feel called to do — opening the door for conversations that matter. The kind of conversations that remind us we’re not alone, and invite us to see ourselves and one another more clearly. Expanding our reach globally is an opportunity I embrace, as we continue to connect through stories that invite new ways of seeing and, hopefully, deepen understanding.”

    She launched “The Oprah Podcast” in December 2024. The show is touted as her hosting “meaningful conversations with thought-leaders, global newsmakers, best-selling authors and cultural changemakers” — as well as “everyday people” — often in front of live audiences.

    Guests on “The Oprah Podcast” have included Misty Copeland, Hugh Jackman, Kate Hudson, Mel Robbins, Leanne Morgan, Jeremy Allen White, Adam Grant, Serena Williams, Ina Garten, Scott Galloway, Maria Shriver and Esther Perel. Additionally, special “Oprah’s Book Club” episodes feature author discussions in front of live audiences. “The Oprah Podcast” is produced by Harpo Entertainment, executive produced by Winfrey and Tara Montgomery, and co-executive produced by Brian Piotrowicz and Brad Pavone.

    “Oprah Winfrey has built one of the most iconic, timeless brands in the world, spanning television, publishing, and beyond,” said Steve Boom, Amazon’s VP of audio, Twitch and games, in a statement. “Through this collaboration with Harpo Entertainment, we are bringing her voice to more people and expanding how her audiences engage with Oprah in ways only Amazon can deliver.”

    CAA and Loeb & Loeb negotiated the deal with Amazon on behalf of Harpo Entertainment.

    Amazon Music acquired Wondery for a reported $300 million in 2020.

  • South Korea’s KBank and Ripple are teaming up to fix international money transfers

    South Korea’s KBank and Ripple are teaming up to fix international money transfers

    KBank, the South Korean digital-only bank that serves as the exclusive banking partner for crypto exchange Upbit, is set to test onchain cross-border remittances with Ripple, the bank said Monday.

    The two companies have completed the first phase of a proof-of-concept using a wallet-based remittance system and are now in phase two, testing the stability of onchain transfers to countries including the United Arab Emirates and Thailand.

    KBank is using Palisade, Ripple’s software-as-a-service wallet that was acquired earlier this year as part of Ripple’s $4 billion in crypto-related investments.

    Most international bank transfers today route through correspondent banking networks like SWIFT, which can take days to settle and charge fees that compound at each intermediary.

    Onchain remittances move funds directly across a blockchain network, settling in minutes with the fee paid only to the network rather than the chain of correspondent banks.

    The Ripple partnership tests whether KBank can use that approach to improve speed, cost, and transparency for its remittance customers.

    KBank also indicated it is preparing for stablecoin-related regulations in Korea, with plans to continue technical verification of remittance use cases for stablecoins as the legal framework develops.

    Korean regulations require all crypto exchange users to link a verified bank account before trading, with each major exchange paired exclusively with one bank. KBank holds that monopoly position with Upbit, the country’s largest crypto exchange. The arrangement helped KBank’s user base grow from roughly 2 million in 2020 to 15 million by the end of 2025.

    South Korea lawmakers are currently mulling the Digital Asset Basic Act, a comprehensive crypto regulatory framework that is being finalized. Major Korean financial institutions have been signing infrastructure deals with global blockchain companies in the run-up to the law taking effect.

    Korea is one of the most active retail crypto markets in the world, with daily trading volumes on local exchanges regularly outpacing those of mainstream stocks during peak periods. Banks operating in this market are positioning to handle the corporate and cross-border activity expected to follow once the Digital Asset Basic Act formalizes how stablecoins, custody, and tokenized assets are treated under Korean law.