Author: rb809rb

  • UTXO Management Launches Dual-Class Digital Credit Income Fund

    UTXO Management Launches Dual-Class Digital Credit Income Fund

    UTXO Management, a subsidiary of Nakamoto Inc. (NASDAQ: NAKA), announced the formation of UTXO Preferred Income Strategies LP, a Delaware limited partnership structured to provide access to income from preferred digital credit securities.

    The fund introduces a dual-class structure designed to serve different allocator objectives within a single vehicle.

    The structure includes a Senior Income Class and a Total Return Class. The Senior Income Class targets a fixed annual coupon paid monthly as return of capital sourced from preferred dividend streams, according to a company release.

    Distributions flow first to this class, ahead of fees and junior allocations. The structure seeks to deliver yield above short-term U.S. Treasury bills, supported by a junior equity cushion. This class carries no management or performance fees.

    The Total Return Class targets return through residual income after senior distributions. The strategy includes disciplined leverage, relative value positioning across the preferred digital credit stack, and participation in new issuance. This class absorbs first loss and captures upside tied to spread compression and income growth.

    The fund’s initial portfolio is expected to include digital credit instruments such as the Strategy Variable Rate Perpetual Stretch Preferred Security (STRC). These instruments form part of a growing segment within capital markets that blends features of fixed income with digital asset exposure.

    Chief Investment Officer Tyler Evans said the digital credit market has reached a stage of development that supports structured products, though access remains limited across institutional channels.

    “We designed our first structured credit product, UTXO Preferred Income Strategies LP, to give allocators access to these dividend-paying securities, with the capital structure enhancements, institutional servicing, and operational transparency they require,” Evans said.

    UTXO’s expansion into credit

    Since 2019, UTXO Management and its affiliates have launched and managed several investment vehicles across the Bitcoin ecosystem. These include the Bitcoin Ecosystem Fund, focused on venture investments, and 210k Capital, LP, a hedge fund strategy centered on Bitcoin and related instruments. The launch of UTXO Preferred Income Strategies LP marks the firm’s entry into structured credit, extending its platform into income-oriented strategies.

    UTXO Management operates as a Bitcoin-native asset manager across public and private markets. The firm allocates capital across liquid securities, venture investments, and strategic partnerships tied to Bitcoin infrastructure and adoption. Nakamoto Inc., its parent company, holds and operates a portfolio of Bitcoin-native businesses.

    The fund will be offered to accredited investors who also meet the definition of qualified purchasers under applicable securities laws. Interests will be sold through private placement and will not be registered under the Securities Act of 1933. Investment decisions must rely on the fund’s offering documents, which contain full details on terms, risks, and structure.

    The strategy involves a high degree of risk. Digital credit securities face regulatory uncertainty, liquidity constraints, and valuation challenges. The fund may employ leverage, which can increase losses. The dual-class structure depends on the performance of underlying assets and the sufficiency of the junior equity layer to protect senior distributions.

    No capital has been deployed under the strategy at the time of announcement. Target yield and return figures represent internal objectives based on modeled scenarios and do not constitute forecasts or guarantees. Actual performance may differ based on market conditions, issuer credit quality, and broader economic factors.

    Disclaimer: Bitcoin Magazine is published by BTC Inc, a subsidiary of Nakamoto Inc. UTXO Management is also a subsidiary of Nakamoto Inc. (NASDAQ: NAKA)

    This post UTXO Management Launches Dual-Class Digital Credit Income Fund first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

  • Iran war: What’s happening on day 59 amid diplomatic push to end conflict?

    Iran war: What’s happening on day 59 amid diplomatic push to end conflict?

    Iran discusses diplomatic solutions with regional partners as Trump says Iran could telephone if it wants to talk.

    Iran has stepped up diplomatic efforts to end the war with the United States, with Foreign Minister Abbas Araghchi shuttling between Pakistan and Oman on Sunday before flying to Russia on Monday.

    US President Donald Trump said on Sunday Iran could telephone if it wanted to negotiate an end to the two-month US-Israel war on Iran after scrapping a visit ⁠⁠to Islamabad by his representatives Steve Witkoff and Jared Kushner.

    Recommended Stories

    list of 3 itemsend of list

    The two main sticking points are the issues of Iran’s nuclear programme and access to the crucial Strait of Hormuz, which remains under de facto Iranian blockade.

    Meanwhile, Israeli forces have escalated attacks against Lebanon, killing at least 14 people on Sunday despite a US-brokered ceasefire.

    Here is what we know on day 59 of the conflict:

    War diplomacy

    • Iranian Foreign Minister Araghchi arrived in Saint Petersburg early on Monday and is expected to meet Russian President Vladimir Putin, according to Russian and Iranian state media.
    • Discussions on ⁠⁠bilateral ties ⁠⁠and regional issues, including the US-Israel war on Iran, will be held, Araghchi said.
    • According to Araghchi, Iran and ⁠⁠Oman, as coastal states of the Strait of Hormuz, had agreed to ‌‌continue expert-level consultations to ensure safe transit and protect ‌‌shared ‌‌interests in the waterway.
    • Araghchi said his talks in the Pakistani capital were “very productive” and included a review of “the specific conditions under which negotiations between Iran and the US could continue”.
    • Al Jazeera’s Osama Bin Javaid, reporting from Islamabad, said according to one diplomatic source, recent events have “served as a catalyst”, reinforcing the view that “there needs to be a permanent end to hostilities”.
    • “We are being told here in Islamabad that we are inching towards a framework of sorts, which will provide a background to which all of these sides can come to an agreement – and not just the Iranians and the Americans, but essentially the Gulf countries as well,” he reported.
    • Mikhail Ulyanov, Russia’s envoy to international organisations in Vienna, said the US must abandon “blackmailing” and “ultimatums” in its negotiating position if talks with Iran are to move forward.

    In Iran

    • Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had no intention of unblocking the Strait of Hormuz.
    • “Controlling the Strait of Hormuz and maintaining the shadow of its deterrent effects over America and the White House’s supporters in the region is the definitive strategy of Islamic Iran,” the IRGC said on its official Telegram channel.

    In US

    • Trump said a shooting at a Washington media dinner on Saturday would not divert him from the war on Iran. “It’s not going to deter me from winning the war in Iran. I don’t know if that had anything to do with it, I really don’t think so, based on what we know,” Trump told reporters at the White House after the incident.
    • The US president reiterated that Iran cannot have nuclear weapons, while saying he was open to talks with Tehran.

    In Lebanon

    • The Ministry of Public Health said Israeli strikes on southern Lebanon on Sunday killed 14 people, including two women and two children, and wounded 37.
    • State media outlet National News Agency reported that Israeli forces raided the entrance to Kafra in southern Lebanon at dawn on Monday and cut off the road leading to the town.
    • Hezbollah rejected Israeli Prime Minister Benjamin Netanyahu’s accusation that it was jeopardising a ceasefire, saying in a statement that its attacks on Israeli targets in southern Lebanon and northern Israel were “a legitimate response to the enemy’s persistent violations of the ceasefire since the first day of the announcement of the temporary truce”.
  • ‘Star City’ Creators Ben Nedivi and Matt Wolpert Say Artemis II Has Reignited Excitement for Space Exploration Because ‘It Wasn’t About the Wealthy’: ‘This Is for All of Us’

    ‘Star City’ Creators Ben Nedivi and Matt Wolpert Say Artemis II Has Reignited Excitement for Space Exploration Because ‘It Wasn’t About the Wealthy’: ‘This Is for All of Us’

    Ben Nedivi and Matt Wolpert, who co-created “For All Mankind” and now its spin-off “Star City” with Ronald D. Moore, are adamant that people are dreaming of space exploration again.

    “With the Artemis II launch that just happened, I felt that excitement again. It wasn’t about space tourism; it wasn’t about the wealthy. It was about being inspired,” Wolpert tells Variety at Canneseries where “Star City” world premiered April 26.

    Apple TV’s “Star City” – a Sony Pictures Television production – follows the space race between the U.S. and the Soviet Union. Rhys Ifans, Anna Maxwell Martin, Agnes O’Casey, Alice Englert and Solly McLeod star.

    “There was this moment in the late ’60s and early 70s when we were pushing each other forward. It was a competition, but it did lead toward amazing things. There’s an exploration gene in our DNA and space is the last frontier.”

    As Russian invasion on Ukraine continues, they acknowledge it’s a “complicated time” to tell a story set in the Soviet Union.

    “Our point of view is that human beings are human beings. Their system and their government are obviously negative, but there are many people living under that government who don’t agree with it or are just trying to live a normal life,” notes Wolpert. 

    Nedivi adds: “We are students of history, and sadly, history repeats itself. This period speaks to a lot of what’s happening now. It’s a reminder, and a warning, of what can happen if we’re not careful. We can easily return to that horror.”

    As he points out, the characters quickly discover “it’s more dangerous on the ground than it is in space.” While they reference real-life space pioneers such as Yuri Gagarin and Valentina Tereshkova, the first woman in space, others are fictionalized.

    “Everybody knows everything about the U.S. program. There were movies, TV shows, books, magazines. The Soviets, however, wanted to keep theirs a secret. The stories we heard were incredible and insane. We couldn’t believe they were true.”

    Take the landing of Soviet cosmonaut Alexei Leonov, says Wolpert. 

    “They went off course and landed in the middle of a snowbound forest in Siberia, surrounded by wild animals. They had to survive there! These cosmonauts and engineers became superstars and because of that, they were kept under careful watch. The idea of being so terrified of something you’re also so proud of is fascinating.”

    In the series, cosmonauts are controlled by the system. It follows their every move, writes their speeches and decides who they are going to marry. 

    “Again, this was based on something that actually happened: Tereshkova had an arranged marriage with another cosmonaut. They weren’t able to feel safe,” says Wolpert.

    Despite all this struggle, they wanted to show that the human spirit can overcome pretty much everything. 

    “That’s the story we wanted to tell. We live in very dark times. Every time I read the newspaper, I want to cry. These characters really spoke to us,” notes Nedivi. 

    “Honestly, we were amazed that Apple would even make it. To their credit, they never saw it through the lens of politics or what sells and what doesn’t. It’s a testament to Apple’s confidence that we were able to tell a story like this, which is very rare on TV.”

    Although “Star City” is in English, they set out to create an international show. 

    “‘Chernobyl’ was definitely one of our inspirations. We even shot in Lithuania, just like they did. This show epitomizes an international production. Here we are: two American writers with a British cast and a show shot in Lithuania and premiering in France,” says Nedivi.

    “Many people in our Lithuanian crew grew up in the shadow of the Soviet Union. Their parents would come and look at the costumes and buildings in horror. It’s important to explore cultures outside your own. Now more than ever, because our world is shrinking. What unites us is this wonder about venturing further into space. This is for all of us. This is for all mankind.”

    Wolpert claims that people’s perspective changes when they go up there.

    “So many of them started to speak out against conflict and work across borders. Science and facts can actually break down barriers between different societies.”

    His co-creator adds: “They say: ‘Write what you know,’ which is the biggest lie of all. But you can’t help but write from what you’re feeling. Seeing how our society has evolved and changed over the last five years has definitely informed my psyche, but our hope is that this show is a lesson in embracing exploration again. The world can be better. I believe that.”

  • Bitcoin Exchanges Upbit and Bithumb Announce They’ve Listed This Altcoin on Their Spot Trading Platform! Here Are the Details

    Bitcoin Exchanges Upbit and Bithumb Announce They’ve Listed This Altcoin on Their Spot Trading Platform! Here Are the Details

    South Korea-based cryptocurrency exchanges Upbit and Bithumb have announced they will add the Perle ($PRL) token to their trading platforms. According to the announcements, $PRL will be traded against the Korean won (KRW), BTC, and USDT. While trading is planned to begin today, some platforms have updated their opening times, postponing them to the evening.

    Deposit and withdrawal options for $PRL will be activated shortly after the announcement. However, only the Solana network will be supported, and transfers from other networks will not be accepted. Exchanges have warned users to carefully check network compatibility before making transactions.

    Temporary trading restrictions will be implemented in parallel with the new listing. Accordingly, buy orders will be limited for the first 5 minutes after trading begins. Sell orders below 10% and above 100% of the designated reference price will not be allowed during the same period. Furthermore, only limit orders will be valid for the first two hours.

    The Perle project offers a blockchain-based infrastructure focused on the production and verification of data used in artificial intelligence (AI) training. The platform aims to ensure transparency and traceability by recording data generated and verified by human experts on the blockchain. The $PRL token serves as a reward and incentive mechanism for users contributing to this ecosystem.

    Experts say that listing $PRL on major exchanges could increase the project’s visibility and lead to increased trading volume.

    *This is not investment advice.

  • Global interest rates, Robinhood, Galaxy earnings: Crypto Week Ahead

    Global interest rates, Robinhood, Galaxy earnings: Crypto Week Ahead

    Markets are leaving April with a plethora of macro events to watch. Four major central banks, the Bank of Japan, U.S. Federal Reserve, European Central Bank, and Bank of England, all set interest-rate policy this week.

    Layered on top is a slate of U.S. data including first-quarter GDP and March PCE inflation alongside earnings from Visa, Mastercard, Robinhood and some of the biggest tech companies, whose results could either reinforce or unwind the current tone.

    Markus Levin, Co-founder of XYO, told CoinDesk that bitcoin is entering the week “with strong momentum around the $78,000 level, and while the Fed is expected to keep rates unchanged, persistent inflation could reinforce a hawkish tone and we could see bitcoin pull back to $72,000–$74,000 range once again in the short-term.”

    Tech giants’ earnings, Levin added, could also be a crucial indicator “in reinforcing or challenging the current trajectory given their outsized influence on equity markets, while developments around the U.S.–Iran talks will steer sentiment through oil and dollar movements.”

    What to Watch

    (All times ET)

    • Crypto

      • May 1: Full shutdown of Magic Eden’s wallet services.
    • Macro

      • April 27, 10:00 p.m.: Bank of Japan Interest Rate Decision est. 0.75% (Prev. 0.75%)
      • April 29, 8:45 a.m.: Bank of Canada Interest Rate Decision (Prev. 2.25%)
      • April 29, 01:00 p.m.: U.S. Fed Interest Rate Decision est. 3.75% (Prev. 3.75%)
      • April 30, 4:00 a.m.: Euro Area Inflation Rate YoY Flash for April (Prev. 2.6%)
      • April 30, 6:00 a.m.: Bank of England Interest Rate Decision est. 3.75% (Prev. 3.75%)
      • April 30, 07:15 a.m.: European Central Bank Interest Rate Decision est. 2.15% (Prev. 2.15%)
      • April 30, 07:30 a.m.: U.S. GDP Growth Rate QoQ Adv for Q1 est. 1.5% (Prev. 0.5%)
      • April 30, 07:30 a.m.: U.S. PCE Price Index YoY for March(Prev. 2.8%); Core YoY (Prev. 3%)
      • April 30, 07:30 a.m.: U.S. Initial Jobless Claims for period ending April 25 est. 219K (Prev. 214K)
      • May 1, 09:00 a.m.: U.S. ISM Manufacturing PMI for April est. 52.5 (Prev. 52.7)
    • Earnings (Estimates based on FactSet data)

      • April 28: Visa (V), post-market, $3.1
      • April 28: Robinhood Markets (HOOD), post-market, $0.4
      • April 28: Galaxy Digital (GLXY), pre-market, -$0.65
      • April 30: Mastercard (MA), pre-market, $4.41
      • April 30: Riot Platforms (RIOT), post-market, -$0.32
      • April 30: CoinShares (CSHR), annual report expected
      • May 1: WisdomTree (WT), pre-market, $0.25

    Token Events

    • Governance votes & calls

      • Frax DAO is voting to add sGHO and USCC as yield strategies within sfrxUSD, expanding the stablecoin’s backing asset set. Voting ends April 26.
      • Ether.fi DAO is voting on a treasury contribution to restore rsETH’s backing following the KelpDAO bridge exploit. Voting ends April 27.
      • Compound DAO is voting on a proposal to update rsETH price feeds on its WETH and wstETH Ethereum mainnet markets. Voting ends April 27.
      • Decentraland DAO is voting on the “2030 Transition Plan,” a strategic roadmap for the platform’s governance and metaverse product positioning. Voting ends April 30.
      • Nouns DAO (Prop 959) is voting on a 501(c)(3) feasibility study to explore nonprofit status for the DAO, with significant implications for treasury management and grant-making. Voting ends April 30.
      • Beefy DAO is voting on Q2 2026 contributor funding and Staworth contributor renewal. Voting for both ends April 30.
      • RootstockCollective is voting on a grant milestone payment for Blockscout’s Global Wallet. Voting ends April 30.
      • Arbitrum DAO is voting to transfer 6,000 ETH and roughly $150,000 in idle USDC from its main treasury to the Treasury Management Portfolio. Voting ends May 5.
    • Unlocks

      • April 28: Jupiter (JUP) to unlock 1.54% of its circulating supply worth $9.67 million.
      • May 1: to unlock 1.08% of its circulating supply worth $40.43 million
    • Token Launches

      • April 27: Chiliz (CHZ) to roll out FanTokens V2.0
      • April 28: Binance to delist Dego Finance (DEGO), DENT (DENT) amd
      • April 28: Pharos mainnet launches
      • April 30: MegaETH (MEGA) token generation event expected to occur.
      • May 1: Venice (VVV) to cut token emissions from 6 million to 5 million per year.

    Conferences

    • April 27–29: Bitcoin 2026 (Las Vegas)
    • April 29- May 1: Tokenize Global (Las Vegas)
  • London’s Queer East Festival Is a Mix of Cinematic Milestones, Film Discoveries and Community

    London’s Queer East Festival Is a Mix of Cinematic Milestones, Film Discoveries and Community

    London’s Queer East Festival is back for its seventh edition, showcasing cinema and performing arts in venues across the British capital from May 1 to June 6.

    The annual exploration of East and Southeast Asia’s ever-evolving queer landscape will kick off at the Barbican with the U.K. premiere of the landmark 4K restoration of the 1986 Taiwanese film The Outsiders, the first screen adaptation of Pai Hsien-Yung’s groundbreaking novel Crystal Boys, which was directed by Yu Kan-Ping. The restored version includes previously censored material, with the Queer East Festival vowing to present it “in its full, hallucinatory glory.”

    Among other highlights of the seventh edition include the likes of Park Joon-ho’s 3670, which the fest calls “a milestone in South Korean queer cinema, portraying the hidden codes of Seoul’s gay scene,” Ratchapoom Boonbunchachoke’s feature debut and Thailand’s international Oscar submission A Useful Ghost, a Thai feature skewering “the establishment and cultural hypocrisy,” Xiaodan He’s Montreal, My Beautiful, starring screen icon Joan Chen in a cinematic journey of self-discovery, Jota Mun’s Between Goodbyes, as documentary about queer adoption and the legacy of South Korea’s overseas adoption program, and Tracy Choi’s coming-of-age drama Girlfriends.

    Also part of Queer East 2026 are the likes of Kuo-Sin Ong’s Singapore drag comedy A Good Child, Nigel Santos’ Open Endings, a drama about four queer women navigating love, sex and chosen families, Yihwen Chen’s Queer as Punk, a documentary about a punk band, led by a trans man, in Malaysia where being LGBTQ+ is criminalized, lesbian cinema pioneer Ulrike Ottinger’s 1989 classic Johanna d’Arc of Mongolia, and Cactus Pears, Rohan Kanawade’s debut feature and winner of the World Cinema Grand Jury Prize at Sundance 2025.

    ‘Girlfriends,’ courtesy of Queer East Festival

    Alongside the film program, Queer East presents talks, workshops, live performances and a late-night rave on May 16. Also, the second iteration of the Queer East Industry Day at BFI Southbank on May 24 will bring together film professionals from diverse backgrounds to discuss “the current challenges in queer and Asian independent film production and exhibition.”

    About this year’s mix of features and shorts from across Asia and its diaspora communities and its mix of newer and older movies, Queer East Festival program director Yi Wang said: “To look back is a crucial step in understanding how to move forward. This year’s program places a strong focus on queer cinema heritage, featuring a series of screenings with 35mm prints, stunning 4K restorations, and rare archival materials spanning over six decades of queer filmmaking across Asia. While sometimes overlooked, these films hold the collective memory of our communities, and by bringing them to the big screen again, we want to create a space for dialogues between our queer past and today’s audiences.”

    THR talked to the festival programmer about the lineup for the Queer East Festival 2026, how the fest came about and how it has grown since then.

    Why and how did you decide to found the Queer East Festival? And how far do you feel you have come?

    The idea of creating Queer East was quite personal. I was actually working in performing arts, such as theater amd dance production, and didn’t really have a direct connection with film. But as someone who immigrated to London [from Taiwan] back in 2014 to do my master’s degree and someone who is always very keen on queer cinema, I didn’t really see a lot of East and Southeast Asian queer cinema. We see quite a lot of classics, such as Wong Kar-wai’s Happy Together and Ang Lee’s The Wedding Banquet. But it’s quite rare to see more contemporary Asian cinema. And I just had this idea to do that if no one’s doing it.

    Queer East programming director Yi Wang

    I just didn’t want to do it by myself. I approached people, talked to different cinema curators and then put together this idea of Queer East that was originally planned for April 2020. Obviously, there was the pandemic. So, we couldn’t really do the festival as we had originally intended, but we had online screenings and still managed to do some in-person screenings and gained quite a lot of attention. And really liked the idea of putting queer Eastern and Southeast Asian cinema together. It started with the idea of a small weekend showcase, but now, we have become one of the largest queer Asian festivals in the U.K. It has been quite a ride for me.

    How has the number of films screened at the fest grown?

    This year we have 130-something films, including [more than 90] shorts. I think the first year, it was around 15 films. Now, we work with 14 venues in London, including the BFI Southbank, the Barbican and ICA.

    Your festival has a really diverse program covering films from different genres and countries. Have you noticed hurdles or so for queer Asian cinema in Asia or elsewhere?

    In Asian countries, including in Thailand, the Philippines, and even Vietnam, which has heavy censorship, there’s queer cinema being made every year. I think it’s more about expectations in the West. Sometimes people still think Asian cinema is supposed to be only about arthouse, high culture or serious political films.

    My idea of queer is to have films that talk about social, societal, political issues, but also comedies and romance films. So, it is broader-based. Part of the reason I started Queer East was that I feel it’s very important that we look at queer cinema in a more three-dimensional way. There is such a big variety. And that is why we have loads of films from different countries talking about different perspectives of queerness.

    ‘The Outsiders,’ courtesy of Queer East Festival

    In unveiling this year’s lineup, you highlighted how the past of cinema can help elucidate the future…

    Yeah, film heritage and the film archive have been a key focus in my curation. We are screening films that never had a chance to get an international presence and every year we try to bring rarely seen and under-the-radar queer Asian cinema to the U.K. audience. This year, the festival opens with The Outsiders, which is a screen adaptation of one of the most important gay novels in the Mandarin-speaking world and a film that has been quite important in queer Asian film history. Because the film was made during censorship under martial law in Taiwan, the film was heavily cut. I think there were 21 cuts. This is the first time they have reintroduced those censored materials to the film in this 4k restoration.

    You are also showing films in 35mm prints. What can you tell me about those?

    We have two 35mm prints from Japan. One was made in 1959, the other was made in the ’60s, and both of them are really important in Japanese queer film history. [They are Keisuke Kinoshita’s Farewell to Spring and Masahiro Shinoda’s With Beauty and Sorrow.] These are films that people may know about, but they never get a chance to see them on the big screen.

    We have a lot of young audiences, people under 30, or in their early 20s, and they have never had a chance to see these films on the big screen. Every year, I encounter all these young audiences who come to me saying: “Oh my God, I heard about this film but never had a chance to see it on the big screen.” So, it is really inspiring for them to see how queer film was made and how queer life was depicted in the past.

    ‘Between Goodbyes,’ courtesy of Queer East Festival

    We touched on how political cinema can be. Do you think of Queer East as an event that does or can encourage political debate?

    Even our idea of queer comes from a slightly political way of challenging the very white gay men-centric queer cinema landscape in the U.K. and across Europe. And every year, we have films that address current social issues, for example, films about trans communities across different Asian countries. Our festival also features strong films either made by queer female filmmakers or about queer women, which, again, is something that you usually can’t see a lot of.

    Is there anything else you’d highlight about Queer East and its festival audience?

    Actually, people always say that it’s like a community, that people come together. And I really want to keep it as a festival that brings people together.

  • From Australia to Vietnam, the Iran war is fuelling demand for EVs

    From Australia to Vietnam, the Iran war is fuelling demand for EVs

    Sydney, Australia – Until recently, Rosco Jewell sold about one used electric vehicle every two months on his online marketplace, Amazing EV.

    But in the weeks since the United States and Israel launched their war on Iran, Jewell has been shifting a second-hand EV roughly every two weeks.

    Recommended Stories

    list of 4 itemsend of list

    “It is now getting very hard to find used EVs to buy in the $20,000 to $50,000 range. And we’ve also seen prices increase by 10 to 15 percent – in some cases, 20 percent as well,” the Sydney-based businessman told Al Jazeera.

    As conflict in the Middle East drives petrol and diesel prices worldwide, demand for EVs has been surging in numerous countries.

    The United States and China, the world’s two largest economies, have both seen a surge in EV sales after market slumps in 2025.

    Chinese manufacturers reported an 82.6 percent rise in month-on-month sales in March, according to the China Automotive Dealers Association.

    US EV sales last month topped 82,000 units, down by one quarter year over year, but up by more than 20 percent from February, according to Cox Automotive.

    BYD
    A BYD logo is seen during the Shanghai auto show in Shanghai, China, on April 23, 2025 [Ng Han Guan/AP]

    In Vietnam, local EV brand Vinfast reported a 127 percent rise in year-on-year sales in March.

    Euan Graham, an analyst at the energy think tank Ember, said the war on Iran has accelerated a trend of growing EV adoption in emerging markets, including Southeast Asia, spurred by past energy shocks such as the war in Ukraine.

    “We’re now in a period in the 2020s where we’ve seen two fossil fuel shocks, one after the other,” Graham told Al Jazeera, referring to the energy crunch that followed Russia’s 2022 full-scale invasion of Ukraine.

    “What usually happens, based on past examples… is countries look for alternative solutions, and in the 2020s, there are increasingly competitive alternative solutions, and EVs are one of them,” Graham said.

    “So I would really expect this to be a kind of permanent shift in the pace of EV adoption in a number of countries,” he added.

    Elsewhere in Asia, Japan’s EV sales nearly tripled year-on-year last month, while South Korea saw domestic purchases surge by 172 percent.

    In Europe, France recorded a three-fold increase in new registrations of Tesla cars, while Norway, Sweden and Denmark reported similar surges in new registrations for the EV brand.

    In Australia, battery EVs accounted for 14.6 percent of total vehicle sales in March, nearly double the proportion recorded during the same month in 2025, according to the Federal Chamber of Automotive Industries.

    evs
    A Kia Niro electric vehicle charges in Newport, Rhode Island, on April 19, 2025 [Alyssa Goodman/AP]

    David Smitherman, the CEO of Sydney-based BYD distributor EVDirect, said he had seen a sharp uptick in inquiries that he expected to translate into sales in the coming months.

    “We’ve just seen a lot of people come into the stores, obviously concerned about the price of fuel and their ability to control their own transport needs,” Smitherman, whose company manages 90 of the Chinese carmaker’s showrooms, told Al Jazeera.

    In Melbourne, Kevin Alberica, operations and sourcing manager at EV dealership Evolve Motors, said one of his staff had recently sold seven Teslas in a single Saturday.

    “’I’ve never seen multiple people queueing for one car,” Alberica told Al Jazeera.

    “We had over 100 Teslas in stock. Now we have barely anything,” he said. “I am trying to replace everything we have, but it is difficult.”

    While Australia is a major exporter of coal and liquefied natural gas, the country imports about 80 percent of its petrol and diesel needs.

    Australia’s government said last month that the country had about one month of fuel in reserves, with upcoming shipments secured through to May.

    “The news is definitely scaring people,” Alberica said. “You have a lot of business owners that have maybe diesel vans come in and buy a Tesla Model.”

    Charles Lester, data manager at Benchmark Mineral Intelligence, said the trajectory of global demand for EVs would depend on petrol prices.

    “If the price is sustained for a long period, and when it comes to consumers and when they’re deciding to purchase a vehicle, their heads will turn towards at least thinking about purchasing an electric vehicle,” Lester told Al Jazeera.

    oz
    Signs are displayed on empty fuel dispensers at a Shell petrol station that ran out of fuel in Sydney, Australia, on March 30, 2026 [Hollie Adams/Reuters]

    For EV advocates, the rise in demand has spurred hopes that governments will take a more active role in supporting the transition away from the combustion engine.

    In Australia’s most populous state of New South Wales, the state government earlier this month unveiled a $71m initiative to fund the installation of EV chargers in regional areas.

    Such moves have been tempered by a review of Australia’s generous tax breaks for EVs at the federal level, with Treasurer Jim Chalmers widely expected to scale back the exemption from fringe benefits tax in May’s budget.

    Australia is “uniquely well positioned” to benefit from the electrification of its transportation because of “the success we’ve had in not only large-scale renewable energy, but also in consumer renewable energy over a couple of decades”, James Pickering, national president of the Australian Electric Vehicle Association, told Al Jazeera.

    For some Australian consumers, the switch to an EV has been a godsend after years of above-average inflation since the COVID-19 pandemic.

    Jarred, a 27-year-old public servant in Melbourne, bought his first EV in February, just before the start of the war on Iran.

    “The running costs have blown me away,” Jarred, who asked to be identified by this first name, told Al Jazeera.

    “I can do a full charge at home for just $6.60 with my new home electricity rates,” he added.

    “I really haven’t had anything to complain about yet.”

  • Rockets thrash LeBron’s Lakers; Wembanyama triumphant on Spurs’ return

    Rockets thrash LeBron’s Lakers; Wembanyama triumphant on Spurs’ return

    The Houston Rockets routed the Los Angeles Lakers 115-96 to stay alive in the NBA playoffs as San Antonio’s Victor Wembanyama made a triumphant return to put the Spurs on the brink of advancing.

    Amen Thompson scored 23 points to fuel the Rockets, who bounced back from a crushing overtime loss in the last game to cut the deficit in their best-of-seven Western Conference series to 3-1 on Sunday.

    The Spurs and the Boston Celtics took commanding 3-1 leads in their series, with San Antonio rallying from 19 points down to beat the Trail Blazers 114-93 in Portland and Boston thrashed the 76ers 128-96 in Philadelphia.

    In Toronto, the Raptors edged the Cleveland Cavaliers 93-89 to level their series at two games apiece.

    Denied a sweep in Houston, the Lakers can still finish off the Rockets when they host game five on Wednesday.

    The Rockets, still without star Kevin Durant, harried the Lakers into 24 turnovers, yielding 30 Houston points.

    Wemby returns to winning ways

    In Portland, Wembanyama returned after missing one game because of a concussion and scored 27 points with 11 rebounds, three assists, four steals and a whopping seven blocked shots.

    “I had lots of emotions in me before the game, obviously,” said Wembanyama, named the 2026 NBA Defensive Player of the Year and in the running for Most Valuable Player.

    “Excitement, frustration, so I let it all out tonight,” he said.

    The 22-year-old Frenchman praised the doctors who oversaw his path through the NBA concussion protocol but voiced dissatisfaction with the process that requires a gradual return to physical activity under medical supervision.

    “The way the situation was handled was very disappointing,” Wembanyama said, declining to elaborate.

    San Antonio’s De’Aaron Fox led all scorers with 28 points, and the Spurs outscored the Trail Blazers 73-35 in the second half.

    They’ll try to clinch the series when they host game five on Tuesday.

    BOSTON, MA - APRIL 26: De'Aaron Fox #4 of the San Antonio Spurs dribbles the ball during the game against the Portland Trail Blazers during Round 1 Game 4 of the 2026 Playoffs on April 26, 2026 at TD Garden in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2026 NBAE Brian Babineau/NBAE via Getty Images/AFP (Photo by Brian Babineau / NBAE / Getty Images / Getty Images via AFP)
    De’Aaron Fox led the scoring against the Portland Trail Blazers [Brian Babineau/Getty Images via AFP]

    Houston Rockets in comeback win over LA Lakers

    Four-time NBA champion LeBron James made just two of nine attempts from the floor on the way to 10 points. He handed out nine assists but made eight turnovers.

    With Los Angeles still missing their top scorers in injured Luka Doncic and Austin Reaves, centre Deandre Ayton led the Lakers with 19 points and 10 rebounds.

    But Los Angeles were already down by 19 when he was ejected in the third quarter after catching Rockets centre Alperen Sengun in the head with his forearm.

    Tari Eason added 20 points, and Sengun scored 19 for Houston, who are trying to become the first NBA team to rally from an 0-3 deficit to win a playoff series.

    HOUSTON, TEXAS - APRIL 26: Amen Thompson #1 celebrates with Reed Sheppard #15 of the Houston Rockets as LeBron James #23 of the Los Angeles Lakers looks on during the first half in Game Four of the First Round of the NBA Western Conference Playoffs at Toyota Center on April 26, 2026 in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Tim Warner/Getty Images/AFP (Photo by Tim Warner / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
    Amen Thompson celebrates with Reed Sheppard as LeBron James looks on [Tim Warner/Getty Images via AFP]

    Celtics thump 76ers

    The Celtics spoiled the return of 76ers star Joel Embiid, who played his first game since undergoing an emergency appendectomy on April 9 .

    Payton Pritchard scored 32 points off the bench, and Jayson Tatum scored 30 points with seven rebounds and 11 assists for the Celtics, who led by 16 points after one quarter and by double digits the rest of the way.

    Embiid led the 76ers with 26 points and 10 rebounds, but Philadelphia couldn’t counter the Celtics’ barrage of 24 three-pointers.

    In Toronto, Scottie Barnes and Brandon Ingram scored 23 points apiece as the Raptors held off the Cavaliers despite making just four of 30 from three-point range.

    The Raptors trailed by five with 2:10 left to play but surged ahead with a 9-0 scoring burst and held on.

    Donovan Mitchell scored 20 points to lead the Cavs, and James Harden added 19, but Mitchell missed two attempts in the final 30 seconds as Barnes made six free throws down the stretch to seal it.

    PHILADELPHIA, PENNSYLVANIA - APRIL 26: Payton Pritchard #11 of the Boston Celtics shoots against Quentin Grimes #5 of the Philadelphia 76ers during the second half of game four of the Eastern Conference first round playoffs at Xfinity Mobile Arena on April 26, 2026 in Philadelphia, Pennsylvania. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Emilee Chinn/Getty Images/AFP (Photo by Emilee Chinn / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
    Payton Pritchard of the Boston Celtics shoots against the Philadelphia 76ers [Emilee Chinn/Getty Images via AFP]
  • Son Suk-ku, Ha Jung-woo Board Yoon Jong-bin’s ‘The Generals’ for Netflix

    Son Suk-ku, Ha Jung-woo Board Yoon Jong-bin’s ‘The Generals’ for Netflix

    Netflix has begun production on “The Generals” (working title), a Korean political drama directed by Yoon Jong-bin in which Son Suk-ku and Ha Jung-woo play real-life historical figures Roh Tae-woo and Chun Doo-hwan.

    The film is Yoon’s first feature since “The Spy Gone North” in 2018. The director previously collaborated with Netflix on “Narco-Saints,” the 2022 crime series that earned wide global viewership. “The Generals” reunites him with Ha Jung-woo, who also appeared in that series.

    The narrative centers on Roh Tae-woo, a man who cultivates a public image as an everyman while working the levers of influence alongside military strongman Chun Doo-hwan. The film traces his long-running bid to step out of Chun’s shadow and claim the top seat himself, examining the web of alliances, rivalries, and institutional maneuvers that defines his ascent.

    Son Suk-ku, known internationally for “D.P.” and “A Killer Paradox,” takes the lead role of Roh. Ha Jung-woo, a recurring presence in Yoon’s filmography whose credits include “Assassination” and “Along with the Gods,” plays Chun Doo-hwan, Roh’s former military academy classmate turned authoritarian ruler. Ji Chang-wook, recently seen in “The Worst of Evil,” portrays Heo Hak-seong, a younger academy graduate whom Roh views as a persistent obstacle. Hyun Bong-sik, a veteran of both “Narco-Saints” and “A Killer Paradox,” appears as Jung Ho-joong, a classmate close to both Roh and Chun. Seo Hyun-woo, who featured in Park Chan-wook’s “Decision to Leave,” rounds out the ensemble as Park Cheol-woong, a prosecutor in Roh’s inner circle.

    “The Generals” is produced jointly by Moonlight Film, whose slate includes “Narco-Saints” and “Karma,” and Sanai Pictures, behind “Hunt” and “Revolver.” The film will stream exclusively on Netflix.

  • Sudhanshu Saria’s Four Line Films Launches Debut Features ‘Pech’ and ‘Silverfish’ (EXCLUSIVE)

    Sudhanshu Saria’s Four Line Films Launches Debut Features ‘Pech’ and ‘Silverfish’ (EXCLUSIVE)

    Indian National Film Award-winning filmmaker Sudhanshu Saria is producing two debut features under his Four Line Films banner – Mumbai social drama “Pech” and Silicon Valley creature-feature “Silverfish” – with the latter having screened as one of five projects selected for the Indian Film Festival of Los Angeles (IFFLA) industry showcase.

    “Pech,” written and directed by Kumar Chheda, is a young adult film examining class and marginalization against the backdrop of Mumbai. The project made its industry debut at the Bangkok International Film Festival’s Pitch Market, where it claimed the jury prize, and has since attracted interest from international co-producers and sales agents, with multiple territories currently in discussions.

    Chheda is an AFiS alumnus whose short film “Dal Bhat” received India’s National Award for Best Short Film. “Pech” will be his feature directing debut.

    “Three years ago, we started making a concerted effort at developing and sourcing talent that I could support with the kind of guidance and backing I wish I had had when I was starting out my own career. ‘Pech’ and ‘Silverfish’ are the first of those projects to go into production and their filmmakers represent the kind of bold, new voices whose stories I can’t wait to watch for a long time to come,” Saria said.

    “Silverfish,” co-written by Saria, is a horror film following a creature let loose in the tech corridors of Silicon Valley. It will mark Krishna’s first time directing and writing at feature length.

    Krishna’s previous work includes the psychological-thriller short “Padmavyuha,” which starred Jaaved Jaaferi and had its premiere at the International Indian Film Festival of Toronto.

    Both films are in pre-production. Saria’s directorial credits include “Loev,” “Knock Knock Knock,” and “Ulajh.”