Author: rb809rb

  • Jalen Brunson Brings the New York Knicks to the ‘Saturday Night Live’ Season 52 Premiere

    Jalen Brunson Brings the New York Knicks to the ‘Saturday Night Live’ Season 52 Premiere

    Saturday Night Live kicked off its 52nd season with NBA Finals MVP Jalen Brunson as its first host, and he had his starting lineup there to support him.

    Brunson began his monologue by joking that his time winning the 2026 NBA championship this year with the New York Knicks may mirror his hosting stint.

    “Tonight I’m gonna approach hosting in the same way I approach the Knicks finals game; so the first three quarters of the show are gonna be god awful. The last sketch is gonna be amazing,” he said. “This summer, I helped the Knicks win the NBA championship. By now, you’ve all heard me talk about it, but you haven’t heard me sing about it… And obviously I’m not going to.”

    He also joked about being back in Madison Square Garden for the NBA season that’s about to start, where Taylor Swift and Travis Kelce got married this summer.

    “The new season is just a couple of weeks away, and I gotta say, it’s gonna be pretty cool to be back at Madison Square Garden. Looking around like, wow, just a few months ago, this was the exact spot where Taylor and Travis got married,” he said. Brunson

    The New York Knicks won the NBA championship in June, marking their first win since 1973. Brunson was awarded with the title of NBA Finals MVP after the dynamic season. To support his debut as an SNL host, the Knicks starting five, Karl-Anthony Towns, Josh Hart, OG Anunoby and Mikal Bridges, were all in attendance.

    Brunson said he was going to take questions from the audience, to which the camera panned over to make way for his teammates. Towns kicked off a round of questions, asking, “Can you foul out of SNL?” Brunson responded, “No, I don’t think so.”

    “I could be here, like, the whole show?” Towns added. Hart candidly asked the SNL host, “Is it true that you took a $113 million pay cut just to resign with the Knicks?”

    Brunson said, “Yeah, that’s pretty true.” Hart asked an additional follow-up question: “Wow. So is that money, like, still up for grabs?”

    The first cold open of the new season poked fun at New York City Mayor Zohran Mamdani and President Donald Trump’s bromance. Ramy Youssef portrayed Mamdani, while James Austin Johnson returned to dish out his impersonation of Trump.

    Mamdani was told he had a guest, to which he responded, “What reckless lunatic would travel to see me in this kind of weather?”

    “Your best friend!” Johnson’s Trump said. “I missed my day one. For some reason that no one can figure out, I really, really like you.” Youssef pointed out the El Niño impacting New York City, telling the faux president, “That’s very kind, but wouldn’t you rather be in D.C.? We’re in the middle of El Niño.”

    “Oh, El Niño, we don’t like big stores, especially when they’re in Spanish,” Trump said. He went on to talk about his “crazy week”: “I kicked out the press and hung out with the president of China, Xi. And yeah, I went brunette. It’s fall!”

    “There was this crazy AI stuff, too,” he continued. “I just had dinner with Sam Altman, Elon Musk, and Mark Zuckerberg, and it made me think, wow, RFK Jr.’s probably right about those vaccines.” Ashley Padilla also popped up briefly in the cold open as Natalie Harp, executive assistant to President Trump.

    Towards the end of the cold open, Youssef’s Mamdani kept on insisting that he needed to get back to work. “Please let me stay here with you,” Johnson’s Trump said. “OK, only if you give us $21 billion for a housing project in Queens,” Mamdani said.

    “Are you out of your mind?” Trump said, to which Mamdani offered, “What if I follow you back on Instagram?”

    “It’s a done deal,” Johnson’s Trump concluded.

    Jeremy Culhane reprised his Tucker Carlson impersonation during the Weekend Update segment, where he gave his opinions on this summer’s box office hits. Of Obsession, he joked, “The left’s idea of a horror movie; that a woman is forced to love a man. ‘Oh, no, help! I’m being chased by a heterosexual relationship!’”

    As for Spider-Man: Brand New Day, Culhane’s Carlson said, “Everybody loves Spider-Man: Brand New Gender.” Colin Jost said, “That’s not what it’s called,” as Culhane’s Carlson continued, “Spider-They, Spider-Them, uses whatever bathroom it feels like.”

    He also brought up Minions & Monsters, asserting that he was “not talking about the children’s film, I’m talking about the Trump cabinet. That’s right, I’ve turned on Trump, I’m so brave.”

    The New York Knicks star and Katseye were the first host and musical guest pair of the new season, also notably making their SNL debuts. Next week, Dakota Johnson will host with Turnstile as the musical act.

    Shane Gillis will host on Oct. 10 with musical guest Rosalia, while Obsession star Inde Navarrette makes her SNL hosting debut on the Halloween episode. She’ll be joined by Gracie Abrams.

  • Hints of ‘Sex and the City’ and ‘Narcos’: A Look at Literary Works Being Pitched for Screen Adaptations at Iberseries & Platino Industria

    Hints of ‘Sex and the City’ and ‘Narcos’: A Look at Literary Works Being Pitched for Screen Adaptations at Iberseries & Platino Industria

    If you need any proof of the potential for literary works from the Spanish-speaking world to be adapted for the screen, you need to look no further than YA bestseller author Mercedes Ron’s success with Prime Video and Banijay’s Pokeepsie Films production banner with the likes of the Fault trilogy and the recently launched Drawn Together.

    Literary Works Pitch for Audiovisual Adaptation, a new initiative developed by Iberseries & Platino Industria in collaboration with the Federation of Publishers Guilds of Spain (FGEE) and featured at this year’s sixth edition in Madrid running Sept. 29-Oct. 2, looks to connect publishers and literary agencies with production companies, streamers, studios and TV networks to feed their search for new intellectual properties.

    Following a call for submissions, organizers selected 14 works from Spain and Mexico and one each from Germany and Argentina. The stories come from different genres, times and settings.

    Here is a look at the projects being pitched at Madrid:

    Alguien como tú by Xavier Bosch
    Agencia Literaria Antonia Kerrigan, Spain
    The Catalan author’s novel centers on an intense, cross-border affair between a married woman from Barcelona and an art gallery owner from Paris, with the woman’s daughter later trying to piece together details of the clandestine romance.

    Alka I. La mujer del infinito by Yaiza Nicolás
    Yaiza Nicolás, Spain
    The thriller-like adventure spanning three generations of women journeying through time revolves around a substance that prolongs youth and extends the boundaries of life.

    Así en la tierra como debajo de la tierra by Ana Paula Maia
    Scenic Rights, Spain
    A penal colony in a remote spot in Brazil is in its waning days, and its warden unleashes a horror scenario: every full moon, a selection of inmates is released, only to be hunted down with weapons.

    Cuando te atrevas a sentir by Tamara Molina
    Agencia Literaria Antonia Kerrigan, Spain
    Naila feels like a failure and has no clear goal in life. Bruno always succeeds and has a well-paying job that does not make him happy, but fears that quitting would make him a loser. But these two very different people may find comfort in each other.

    Cuando vi a la muerte prestar su sombrero by Rodrigo Unda
    Penguin Random House Grupo Editorial, Mexico
    This fantasy novel follows The Fates, living in the shadows with one job: guiding human souls to the afterlife. But one day, one of them suffers an injury, and she begins to experience human feelings.

    El sueño de las Mariposas by Cristina Atienza
    Cristina Atienza, Spain
    Mystery, history and memory collide by the sea in this novel about sisterhood. A woman’s interest in astrophysics and her defiance land her in confinement, with forced prayers and punishments.

    Las esposas del régimen by Miguel Ángel San Juan
    Alt Autores, Spain
    A modern mystery intersects with a historical look at women resisting General Franco’s patriarchal dictatorship in this novel, which pays tribute to silenced generations and warns against the return of oppressive ideologies.

    Masacre en el comedor by Ceferino Reato
    Penguin Random House Grupo Editorial, Mexico
    The journalist and political scientist investigates the deadliest guerrilla attack in 1970s Argentina, a Montoneros guerrilla group bombing at a Federal Police building during the country’s military dictatorship.

    Mentira by Care Santos
    Scenic Rights, Spain
    Xenia has had a reputation for getting the best grades and dreams of studying medicine. But then her academic performance suffers when she falls in love online. But who is the mysterious person she falls for, and are they real?

    Mi vida con él by Hilda Gadea
    Silvina Estévez, Argentina
    A film based on the memoirs of Hilda Gadea, the economist, intellectual, and activist who was Ernesto “Che” Guevara’s first wife, is already in the works.

    Nocturnos by Laura Pérez
    Alt Autores, Spain
    The writer and artist’s graphic novel uses a series of dreamlike vignettes to explore the mysterious and magical world of the night. You may not be aware yet, but you may well know Pérez’s work – she was nominated for an Emmy Award for her work on the opening title design for Only Murders in the Building.

    Too Match by Inma Benedito
    Agencia Literaria Dos Passos, Spain
    If you are looking for a contemporary story that has been described as a Madrid-style queer Sex and the City with less glamour, this one may be for you! This diary of failed dates is an ode to heartbreak.

    Una belleza terrible by José Ovejero
    Galaxia Gutenberg, Spain
    This biographical novel dives into the life and times of Leon Trotsky confidant Raymond Molinier (1904–1994), a chameleon-like figure who dedicated his life to revolutionary ideals and the workers’ struggle.

    Una casa llena de gente by Mariana Sández
    MertinWitt Literary Agency, Germany
    The debut novel explores family grief and trauma, generational friction, and memory through a narrative puzzle emerging from diaries and testimonies.

    Una Madre by Alejandro Palomas
    Scenic Rights, Spain
    Set on New Year’s Eve in a Barcelona apartment, the story sees Amalia, 65, fulfill her dream of gathering her whole family for a holiday dinner. It is a night of family and laughter, but also, through flashbacks, old secrets and hidden tensions.

    Vida y muerte del cartel de Medellín by Carlos Lehder
    Penguin Random House Grupo Editorial, Mexico
    If you loved Narcos, you may want to take a look at this one! After all, it is the memoir of a co-founder of the Medellín drug cartel in Colombia, detailing the criminal empire’s rise and fall.

  • John Turturro on Joining the Oscar Race — and ‘Severance’ Season 3

    John Turturro on Joining the Oscar Race — and ‘Severance’ Season 3

    Hot on the heels of his Golden Eye award ceremony on Saturday night, John Turturro entertained another crowd at a Zurich Film Festival masterclass on Sunday.

    The Emmy-winning U.S. star has been recognized for his performance in Noah Segan’s The Only Living Pickpocket in New York, a project that is already garnering awards buzz. In the film, Turturro plays Harry, a seasoned pickpocket whose carefully controlled life is thrown into turmoil when a job goes wrong, setting off a tense chain of events that unfolds over the course of 36 hours.

    In a career-spanning conversation with Deadline‘s Melanie Goodfellow — the actor’s shining Golden Eye trophy neatly nestled between them — Turturro discussed growing up in an immigrant household, his decades-long friendship with Spike Lee, and the transition from acting to filmmaking.

    Turturro, who has steadily become one of the industry’s most formidable actors yet to put “Oscar nominee” on his resume, was asked about joining the best actor race this year with the Sundance success The Only Living Pickpocket in New York. “I never really have gone the whole hog with it,” he responded about the upcoming awards campaign. “But now I’m the lead in the film, so I’m going to support the film because I love the film.”

    He explained that being pulled into awards conversations is “helpful to help you do the next thing.” Turturro continued: “Is it nice to be acknowledged? Great, but that’s not why you do it. […] Just because a film is really popular doesn’t mean it will have staying power, but it’s nice to be in the conversation. I don’t look upon myself as being a competitive person. I’m competitive with myself,” he added. “I want to get the most out of what I can do, but it’s not sports!”

    However, he admitted to feeling surprised by the positive critic reaction out of Sundance. “Finally,” he thought, “I’m in something that people will see… My job is I like to try to improve, and I feel like being an actor is one of the few things you can improve in. You may not be able to run as fast as you did when you were younger, but I have a lot of life experience, and as you get older, you accumulate that, and you can distill things in a way that you couldn’t do when you were young, because you didn’t really experience all those things. And now I’ve experienced life, death, loss, being a parent, being married — what it is to really love someone versus falling in love. That’s a huge difference,” he giggled.

    Turturro regaled attendees with stories about his impressive stage career. He naturally came on to two major TV performances of his in the last decade: HBO’s The Night Of and Apple’s Severance.

    He coyly confirmed a return for his character, Irving Bailiff, in season three of the Emmy-winning Severance with Adam Scott. “Yeah,” he (eventually) told the room. “As long as they give me interesting things to do, then I’m interested.” He swiftly took the opportunity to gush over friend and colleague Christopher Walken, whose character, Burt Goodman, began a romance with Turturro’s Irving in season one. “‘Who’s going to be my love interest?’” Turturro asked before joining the show. “And they were like, ‘All these younger guys.’ I said, ‘Well no, I’ve worked with Chris Walken,’ and I said, ‘I want Chris, because I love Chris.’ And I don’t have to act that I love him because I love him.”

    Though Walken “didn’t understand a lot of the show,” Turturro was able to guide him through their authentic, real-life friendship. “I said, ‘Don’t worry about it. You just look at me.’ We have so much fun because I directed him like three times, and we’ve acted, and we’ve worked together a lot. And he’s a wonderful theater actor, and people obviously think he plays only strange [characters] but he can do a lot of different things. He’s also very sensitive, but he has a childlike joy in his work, and when that happens, anything is possible.”

    Turturro received a round of applause when discussing the HBO crime drama The Night Of, which ran for one season in 2016 and co-starred Riz Ahmed. It would later win five Emmys, and Turturro was nominated for his role as the eczema-stricken defense lawyer John Stone. “The Night Of is something I’m very proud of,” said Turturro on Sunday. “It was originally a BBC thing, which I actually never watched because I didn’t want to be influenced.”

    He even confirmed that he actually wanted to do another season of it. “But they couldn’t agree on what the story would be,” revealed the actor. “But I loved doing it. It was one of those great experiences in my life.”

    Turturro’s career spans four decades, having worked with acclaimed directors such as Spike Lee, the Coen brothers, Martin Scorsese, Robert Redford, Robert De Niro, Nanni Moretti and Pedro Almodóvar.

    He first gained international recognition through his collaborations with Lee, appearing in Do the Right Thing and Jungle Fever. With Joel and Ethan Coen, he acted in Miller’s Crossing, Barton Fink, O Brother, Where Art Thou? and The Big Lebowksi, in which Turturro created the iconic Jesus Quintana. For his lead performance in Barton Fink, he won best actor at the 1991 Cannes Film Festival, an experience that Turturro reflected on at his Zurich masterclass. He even confessed to feeling like he lands “more normal” roles in Europe than across the Atlantic, and said he has turned down scripts “again and again” that involve his character being violent towards women.

    At his Zurich Golden Eye ceremony Saturday night, Turturro collected the award and quoted Italian novelist Cesare Pavese. “[He] once said that the only great thing in life is to begin. I still consider myself a beginner in many ways,” said the star. “I’m very fortunate. I wanted to make a living doing something that interested me and to do interesting work — to share that with an audience, [and that] wouldn’t diminish their intelligence at the same time,” he laughed. “I consider this an encouragement to continue.”

    Turturro joins 2026 Zurich honorees Julianne Moore and Tom Hiddleston. The 22nd edition runs Sept. 24-Oct. 4.

  • Tucker Carlson Returns to ‘SNL’ to Review ‘The Odyssey,’ Gender-Neutral ‘Spider-Man’ and Left-Wing ‘Obsession’

    Tucker Carlson Returns to ‘SNL’ to Review ‘The Odyssey,’ Gender-Neutral ‘Spider-Man’ and Left-Wing ‘Obsession’

    On the first “Weekend Update” of “Saturday Night Live” Season 52, Jeremy Culhane revived his fan-favorite impression of Tucker Carlson to offer his thoughts on some of the summer’s biggest blockbusters.

    On “The Odyssey,” Carlson mentioned the specialty format of Imax 70mm, saying, “The Hollywood cabal shoots its filth with millimeters — or as I like to call it, the gay inch.” He added, “I like ‘The Odyssey.’ It’s so nice to see Greek people do something other than make women feel uncomfortable.”

    Carlson then turned his attention to the biggest movie of the year, saying, “Everybody loves ‘Spider-Man: Brand New Gender.’”

    “That’s not what it’s called,” Colin Jost asserted, but the conservative commentator was already inventing a theme song: “Spider-They, Spider-Them uses whatever bathroom it feels like.”

    Carlson then congratulated the movie’s stars on getting married, but stopped himself as he said, “I now pronounce you Mr. and Mrs. — huh? She refused to take his last name.”

    As Jost reminded him that Zendaya “doesn’t have a last name,” Carlson said, “But where did it go? And who took it? And why? Sorry kids, you don’t get two names anymore. You only get one name, like a dog. That’s the rule. That’s the goal now.”

    When asked about “Obsession,” Carlson said, “The left’s idea of a horror movie — that a woman is forced to love a man. Oh, no, help! I’m being chased by a heterosexual relationship! Is this what we want? I don’t. Do you? You shouldn’t. But you do. Why? Is that allowed? Maybe.”

    Carlson continued on, equating “Minions and Monsters” to “Trump’s cabinet” and then saying, deadpan, “That’s right. I’ve turned on Trump. I’m so brave.”

    And, finally, the pundit made a raunchy “Toy Story 5” joke. “You’ve got a friend in me?” Carlson asked. “And his name is Woody?”

    Culhane debuted his Carlson impression in Season 51 of “SNL” and reprised the character on “Weekend Update.” This marks the third appearance of the character. Watch the segment below.

  • Jia Zhangke Readies Zhao Tao Road Movie ‘Mamma Dunhuang,’ Rules Out AI in Production (EXCLUSIVE)

    Jia Zhangke Readies Zhao Tao Road Movie ‘Mamma Dunhuang,’ Rules Out AI in Production (EXCLUSIVE)

    Jia Zhangke will turn his attention to location scouting and production design for his next film, road movie “Mamma Dunhuang,” once the 10th Pingyao Crouching Tiger Hidden Dragon International Film Festival wraps on Sept. 30.

    As revealed by Variety, the film follows a woman who drives from Dunhuang, in western China near Central Asia, all the way to the sea. It is set to shoot in early winter.

    “I really love western China, and I go to Dunhuang quite often. Dunhuang was a vital transit hub on the ancient Silk Road, keep going west and you can arrive in Rome. Yet, it is so far from the ocean,” Jia tells Variety. “So this whole film is a continental story that starts in Dunhuang and travels from the west to the eastern coastline – she drives until the sea comes into view.”

    Zhao Tao, who won the David di Donatello Award for best actress for “Shun Li and the Poet,” will once again lead a Jia film, playing a homebound woman who uses AI to help her on the journey.

    “I will not use AI in making ‘Mamma Dunhuang,’” Jia says. “It only plays a role in the story.”

    Jia founded the Pingyao festival, which marks its 10th edition this year. He says that although it’s only been a decade, “the changes in the broader film ecosystem and the media landscape, as well as technological advancements, are drastic. Pingyao has remained nimble. We’ve been able to adapt continuously alongside the shifts in the film industry and surrounding media, capturing new developments for our curation. Looking ahead, I believe cinema will continue to evolve rapidly, so we will maintain this festival’s agility in the future. That very flexibility allows us to respond in real time to the most pressing cinematic and cultural topics on people’s minds today.”

    Jia wants Pingyao to remain a haven for cinephiles rather than a hall of fame. Where most international festivals program hundreds of films, he intends to keep Pingyao’s lineup lean, built around the year’s newest boutique titles, so the spotlight falls on the selected films and helps them reach the market. This year’s official program has just 51 films.

    “As a festival, not only must it have great programs, but also a vibe of equality, freedom, and ease, setting a tone where the filmmakers and audiences can merge together,” Jia says. “We put effort into bringing in films with great artistic value, and meanwhile cover as many countries and regions as possible, prioritizing regions less familiar to Chinese audiences, such as northeastern Europe and South America, hoping to introduce a broader spectrum of cinema to the Chinese audience.”

    Pingyao’s online ticketing system logged more than 70 million visits this year.

    Jia says part of the problem is Pingyao’s limited capacity, as the ancient city “is protected as a UNESCO World Heritage [Site]. We’ve been working on building one more theater, ideally inside the ancient city walls, with 300–500 seats to enlarge the capacity. But it is very difficult to realize this plan, we are still discussing.”

    For its fifth edition, the festival partnered with visual artist Xu Bing on “AI-IF,” a project that invited audiences to make films using AI. Jia says the festival’s AI projects have all been exhibitions, and none of this year’s official selections were made with AI.

    “We’ve been prudent,” Jia says. “But we maintain an open, observant, and inclusive stance toward AI. When it comes to technology advancement, each of us holds a different perspective, but there should be one fundamental attitude: we must understand and discuss it, not shy away from it. Pingyao upholds a spirit of prudent inclusivity.” Earlier this year, Jia created an AI-generated video.

    Jia also co-founded Unknown Pleasures, a Chinese art-house distributor named after his 2002 film, and says the company is negotiating to acquire two Cannes titles. In June, it announced deals for Russian auteur Andrey Zvyagintsev’s “Minotaur” and French cinematographer Marine Atlan’s debut feature “La Gradiva.”

    “We hope Unknown Pleasures’ acquired titles all have a great showcase in Pingyao,” Jia says.

  • Beyond Frontman Doc ‘Because of You Ka Kui’ to Open U.K.’s Odyssey Film Festival, Lands Local Distribution (EXCLUSIVE)

    Beyond Frontman Doc ‘Because of You Ka Kui’ to Open U.K.’s Odyssey Film Festival, Lands Local Distribution (EXCLUSIVE)

    “Because of You Ka Kui,” a documentary on the late Beyond frontman Wong Ka Kui, will open the sixth Odyssey Film Festival in the U.K., with NGO U.K.-China Film Collab also picking up the Hong Kong film for local distribution.

    Discussions began in March at FilMart in Hong Kong, which U.K.-China Film Collab attended with the U.K. Film Pavilion. The NGO deployed a similar approach last year with Robin Lee’s Hong Kong documentary “Four Trails,” which opened Odyssey and then played more widely in cinemas in 2025.

    The film, from Hong Kong director Rosa Pang, revisits Wong, the singer-songwriter who drove Beyond creatively and whose songs shaped a generation of Cantonese-speaking listeners in Hong Kong and further afield. The producers are Yip Sai Wing, one of Beyond’s founding members, and Leslie Chan, the manager who is credited with finding the group.

    The film is built around interviews with people who knew Wong both personally and through work. These sit alongside rare concert recordings, never-before-shown archive material from his early years and footage that has not been released until now. It follows Wong from his first brushes with music through the rise of Beyond and his growth as a songwriter and performer, looking at his approach to music, his character and his ideals. Pang and Leslie Chan described it as a dedication to “a legend, an ordinary person, through memories of those who truly knew him. The film seeks to rediscover the real Wong Ka Kui.”

    Wong died in an accident in Japan in 1993, at age 31. The band’s songs have kept finding new listeners since.

    There is also a U.K. link. The film’s interview with Beyond founding member William Tang was shot in London.

    After an earlier theatrical run in Asia, “Because of You Ka Kui” will have its U.K. premiere as Odyssey’s opening film. The festival will run Sept. 28–Oct. 10 at a number of cinemas as well as online. Each edition is built around a different theme, and this year’s is #Fashion.

    “Beyond did not simply follow the fashion of their generation, in many ways, they helped create it, like Oasis for the U.K.,” said Hiu Man Chan, Odyssey’s artistic director and founder of U.K.-China Film Collab. “Their music, image, attitude and style became part of the cultural memory of Hong Kong and influenced generations across Asia. Fashion is not only about what an era wears; it is also about how a generation chooses to see and express itself. That makes ‘Because of You Ka Kui’ a very meaningful film to launch this year’s Odyssey.”

    Hiu Man Chan said the opening pick reflected the festival’s aim to treat fashion as more than clothing and catwalks, and to explore how film, music, visual identity and pop culture feed into one another. Bringing the film to the U.K. was “my true honor,” Hiu Man Chan added.

    The selection also stretches the fashion theme to cover youth culture and music. Beyond’s sound and look, which mixed international rock influences with a Hong Kong that was changing fast through the 1980s and early 1990s, became bound up with a generation of young fans. Yip has called the documentary a rare chance to find the “ordinary person” behind the bandleader and icon.

    Malaysian company Abnormal Studios launched “Because of You Ka Kui” internationally at FilMart in March, as the lead title of its new international sales arm.

    “‘Because of You Ka Kui’ is not about nostalgia. The honesty of Wong Ka Kui as a person – in what he thought, felt and believed – continues to resonate today,” Pang said.

    Leslie Chan said that after hearing all the interviews, “I really felt that I came to know Ka Kui all over again.”

    Odyssey’s sixth edition will program older films alongside new ones. The festival’s opening and some of its program have backing from the Hong Kong Economic and Trade Office in London.

  • Ethena unlocks a $150T market – And USDe holders win

    Ethena unlocks a $150T market – And USDe holders win

    Ethena officially kicked off its $USDe yield reserve expansion to RWA (real-world asset) basis trading on Friday on the Binance exchange.

    In a statement, the protocol said the move into equity or RWA perps was the –

    Most exciting update to the $USDe collateral backing since launch.

    The team first announced final plans for the RWA perps expansion last month, noting that it offers a massive scaling opportunity of +$150T compared to crypto’s $2.5T.

    As part of the arrangement, Ethena will use Binance’s bStocks (Spot tokenized stocks and ETFs) and the $USDT-denominated perps versions for both sides of the trade.

    For the unfamiliar, a basis trade involves buying a spot asset and shorting its equivalent perpetual Futures contract to pocket the price difference and funding rate.

    According to Ethena, the Binance equity basis trade has averaged 11% in the past six months, nearly 2x the returns offered on short-term U.S. Treasury bonds.

    Additionally, Binance was chosen as the first platform for RWA-basis trade expansion because of low-risk and strong equity perps (30% monthly growth).

    Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts, including Ethena’s, adding another layer of risk mitigation for $USDe holders.

    Will $USDe yield expansion boost $ENA?

    $USDe is Ethena’s main flagship synthetic stablecoin product that allows holders to earn yield. As mentioned, the RWA perps basis is just one way it captures the yield shared back to holders.

    Ethena also deploys some of the reserves to DeFi lending (Aave/Morpho), crypto basis trade, institutional lending (BTC), liquid stablecoins, and RWA (syndicated company loans).

    Think of it as Circle’s USDC or Tether’s $USDT. Both park their reserves in U.S. T-bills, but they pocket nearly all the +4% earned interest income. That’s where Tether’s billions in profits come from.

    Instead, $USDe diversifies the reserve backing to scale the yield beyond the short-term bond yields of 4%. And a portion of the yield is shared back to $USDe holders.

    Source: Blockworks

    During the peak of crypto winter in June/July, basis trade accounted for only 1% of $USDe yield backing. As of writing, the basis trade share has risen towards 20%, and Ethena believes it could drive $USDe demand.

    We expect the market opportunity size for equity perpetuals to far exceed the $15B+ of crypto perpetuals captured by Ethena last cycle.

    The $USDe market supply currently stands at $4.8B. But analysts project that growth will spill over to $ENA, the protocol’s native ecosystem and governance token.

    Sam Ruskin, Investment Associate at VC firm Reciprocal Ventures, echoed the same.

    There are very, very few projects in crypto with as much potential upside as Ethena.

    Already, $ENA posted 105% gains over the past two weeks, rallying from $0.13 to $0.28.

    Source: $ENA/$USDT, TradingView

    Final Summary

    • Ethena kicked off its equity perps basis trade on Binance to tap its 11% yield.
    • $USDe’s yield-basis trade backing increased from 1% to 19% in H2 2026.
  • This Altcoin Refused to Freeze the Assets Stolen from Bitget

    This Altcoin Refused to Freeze the Assets Stolen from Bitget

    While efforts continue to track the funds stolen following the security incident at Bitget, it has been reported that the attackers have begun transferring some assets across chains via THORChain. SlowMist’s on-chain tracking platform, MistTrack, stated that the funds were used in exchange and cross-chain bridging transactions via THORChain.

    MistTrack previously recalled that a significant portion of the approximately $1.2 billion in funds stolen in the Bybit attack was also moved between chains via THORChain. The platform stated that addresses linked to the Bitget attack have been publicly identified across the industry and are being actively tracked.

    According to MistTrack, the fact that funds originating from a publicly known large-scale attack could still be processed through large-scale cross-chain transactions raises a new debate about the responsibility of decentralized protocols. The platform argued that the principle of “decentralization” should not be used as an automatic justification for processing known stolen funds, and that the responsibility that protocols like THORChain should bear in such cases needs to be discussed industry-wide.

    Following this announcement, Bitget CEO Gracy Chen stated that the addresses associated with the attackers had been publicly shared and were still being actively monitored, and issued a formal call to THORChain. Chen requested that the protocol reject transactions originating from those addresses.

    Chen said that decentralization is a design principle, but it should not be seen as “a shield to facilitate the movement of stolen funds with known origins.”

    THORChain responded to the criticism by emphasizing that the protocol operates in a decentralized and permissionless manner, just like Bitcoin, Ethereum, and $BNB Chain. While expressing regret over the Bitget attack, the team questioned, “How much responsibility should Bitcoin, Ethereum, and $BNB Chain bear when processing known stolen funds?”

    *This is not investment advice.

  • Major Bitcoin Bull Michael Saylor Issues New Statement Following Recent Developments

    Major Bitcoin Bull Michael Saylor Issues New Statement Following Recent Developments

    Strategy founder Michael Saylor proposed a comprehensive policy framework for the digital economy, arguing that Bitcoin should be more broadly integrated into the banking and insurance systems.

    In his published article, Saylor stated that artificial intelligence will significantly increase the productivity of individuals and businesses, and that the digital asset era needs a “digital rights declaration.” According to Saylor, individuals and companies should have five fundamental rights regarding the creation, issuance, holding, transfer, and use of digital assets.

    Saylor, who advocates for simplifying the rules regarding digital asset issuance, said that applying different disclosure obligations based on project size could lower the cost of accessing finance for companies. Saylor suggested that this approach could help approximately 10 million new companies access capital.

    Saylor also stated that a clear regulatory path should be created to allow banks, fintech companies, and technology platforms to issue digital dollar products. He argued that organizations issuing digital dollars should also be able to compete on terms of yield.

    Saylor, who described Bitcoin as “digital capital,” called for banks to be allowed to offer Bitcoin custody services and provide Bitcoin-backed loans. He also said that a viable regulatory framework should be created so that insurance companies can incorporate Bitcoin into their balance sheets and product designs.

    Saylor argued that the 1,250% risk weighting applied to some crypto asset risks under Basel regulations is too strict. He stated that regulations should differentiate between client-based custody services, Bitcoin-backed loans, and banks’ own Bitcoin positions, adding that bank adoption of Bitcoin could be a significant catalyst for the sector’s growth.

    Saylor, also touching upon tokenized securities, said that simply moving existing securities onto the blockchain is not enough. He argued that investors should be able to store their assets directly, transfer them freely, and choose different custody or lending service providers.

    Regarding privacy, Saylor stated that ordinary and legitimate transactions under $10,000 should not be automatically reported to government agencies simply because they involve the transfer of money or digital assets.

    According to Saylor, the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the U.S. Treasury Department, banking regulators, and the White House will play a key role in advancing reforms over the next two years.

    Saylor, who also criticized the Clarity Act, argued that the regulation placed too much emphasis on restrictions.

    *This is not investment advice.

  • Djibouti urges world to help as Yemen war drives refugee influx

    Djibouti urges world to help as Yemen war drives refugee influx

    Djibouti’s foreign minister has told the United Nations General Assembly that the country cannot handle the arrival of thousands of refugees fleeing renewed fighting across the Red Sea in Yemen without international support.