Author: rb809rb

  • A $10 Billion Options Expiration Is Coming Tomorrow for Bitcoin and Ethereum

    A $10 Billion Options Expiration Is Coming Tomorrow for Bitcoin and Ethereum

    Attention in the cryptocurrency market is focused on the major options expiration tomorrow. It is reported that approximately $9.87 billion worth of Bitcoin and Ethereum options will expire and be settled.

    GreeksLive, which shares data on the options market, announced that 109,000 Bitcoin options would expire on that date. The put/call ratio for these contracts was 0.93, while the maximum loss threshold was calculated at $72,000. The total nominal value of Bitcoin options was recorded at $8.55 billion.

    On the Ethereum side, 563,000 option contracts are expiring. These contracts have a put/call ratio of 0.72, with a maximum price threshold of $2,200. The total nominal value of Ethereum options is reported to be $1.32 billion.

    Related News Fidelity Executive Says Bitcoin Is Showing a “Bear Flag” Signal

    The recent recovery observed in the market is noteworthy. The rise of Bitcoin’s price above $78,000 and the positive atmosphere created by the Web3 conference in Hong Kong have, according to analysts, also brought about a recovery in the altcoin market. This week’s expiry, a significant part of the monthly options cycle, is expected to see approximately 25% of total open positions closed during this period. Looking at the distribution of open positions, there is a concentration of 12% in May-end expiry dates and 24% in June-end expiry dates.

    Volatility data in the options market also provides important signals. In Bitcoin, implied volatility (IV) across different maturities has continued its downward trend this month, falling below 40% in most maturities. In Ethereum, while IV levels remain higher, the downward trend is evident; current levels hover around 60%. Despite price increases, the pullback in the “skew” data indicates that aggressive buying driven by excessive optimism or fear of missing out (FOMO) has remained limited in the market.

    *This is not investment advice.

  • Bob Iger Is Rejoining Thrive Capital

    Bob Iger Is Rejoining Thrive Capital

    Former Disney CEO Bob Iger is returning to the venture capital firm that he briefly worked at the last time he exited the entertainment giant.

    Iger is joining Thrive Capital, the New York-based VC firm founded by Joshua Kushner. Kushner announced Iger’s return Thursday, writing that “Bob leads with boldness and conviction because he knows what he is building and why. He is rejoining Thrive at a time when that kind of leadership matters most.”

    He added that “we are living through the most consequential technology shift of our lifetimes, where AI will democratize access to intelligence in the way the internet democratized access to information,” and that Iger’s experience with both technology and creativity will be pivotal in that new world.

    Iger was in New York earlier this week, where he attended the world premiere of The Devil Wears Prada 2.

    Thrive, which announced a $10 billion raise for a new fund earlier this year, has backed companies like OpenAI, Spotify and A24. In fact, it was through Thrive where Iger was first connected with OpenAI CEO Sam Altman, a source says. That meeting ultimately led to the Disney-OpenAI deal last year, which was unwound after OpenAI exited the generative video business last month.

    Iger previously joined Thrive in Sep. of 2022 as a venture partner and a mentor to some of its portfolio CEOs. He returned to Disney in November of that year, and acquired a small stake in the firm the following year.

    This time, he is said to be joining Thrive as an advisor. Kushner’s wife, Karlie Kloss, has also made her own investments in the media business through her holding company Bedford Media.

    During his foray outside of Disney, Iger also invested in companies like Genies, Funko and GoPuff. He and his wife Willow Bay also acquired the Angel City Football Club, a soccer team in the NWSL.

  • Fold Launches ‘Bitcoin Bonus’ Program for Employers Following Steak ‘n Shake Debut

    Fold Launches ‘Bitcoin Bonus’ Program for Employers Following Steak ‘n Shake Debut

    In brief

    • Fold launched its Bitcoin Bonus Program, enabling employers to offer recurring Bitcoin bonuses without custody responsibilities.
    • Steak ‘n Shake became the flagship partner, providing Bitcoin bonuses to over 10,000 hourly workers across its restaurant chain.
    • The B2B program targets mainstream employers beyond crypto-native companies, focusing on large-scale hourly workforces.

    Bitcoin financial services company Fold Holdings, Inc. launched a program Thursday that allows companies to pay recurring BTC bonuses to employees, following an initial rollout from restaurant chain Steak ‘n Shake earlier this year.

    The Bitcoin Bonus Program represents the first product from Fold Business, the company’s new enterprise division. Under the program, Steak ‘n Shake’s 10,000-plus hourly workers across the United States can receive Bitcoin bonuses, as announced in January and implemented on March 1. The restaurant chain pays $0.21 per hour worked into the bonus program for hourly employees, and it vests in full after two years.

    “We launched our Bitcoin Bonus Program because we saw a gap that no one was filling,” said Fold co-founder and CEO Will Reeves, in a statement. “An employer-grade bonus vehicle that’s differentiated enough to matter, accessible enough for every employee, and operationally simple enough that HR and Finance don’t need to become Bitcoin experts to run it. We’ve created a recruiting story that didn’t exist before.”

    The program handles all custody and compliance requirements, Fold said, allowing traditional businesses to offer cryptocurrency incentives without managing the technical infrastructure. Employers set bonus terms in dollars, and Fold converts and manages the Bitcoin distribution.

    Bitcoin mining firm Simple Mining has also adopted the program, according to a press release, offering a bonus to salaried employees based on their tenure.

    “Employee bonus programs haven’t changed in decades. Cash hits an account and it’s gone by Friday,” said Matt Garland, head of revenue at Simple Mining, in a statement. “Allocating 1% of every employee’s pay into Bitcoin, redeemable at year-end, lets our team share in that upside. The bonus grows with time, and so does the reason to stick around.”

    Unlike previous corporate Bitcoin initiatives that focused on treasury management or executive compensation, Fold’s program specifically addresses rank-and-file employees in sectors like food service and manufacturing, where retention and recruitment challenges have intensified since the Covid-19 pandemic.

    The company plans to expand its Business platform to include payroll, corporate Bitcoin treasury management, corporate cards, and additional enterprise financial tools. Fold previously focused on consumer Bitcoin rewards and spending solutions, including a debit card that offers bitcoin rewards on purchases, before developing these corporate services aimed at bringing cryptocurrency benefits to mainstream workplaces.

    Fold’s stock (FLD) is down more than 7% on the day, recently trading at $1.41. The firm’s stock has jumped more than 22% over the last week alongside broader market rises across crypto and stocks alike, but is down about 46% since the start of the year.

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  • Tencent’s New Hy3 AI Model Is the Most Efficient Chinese LLM No One’s Talking About

    Tencent’s New Hy3 AI Model Is the Most Efficient Chinese LLM No One’s Talking About

    In brief

    • Hy3 preview is a 295 billion parameter Mixture-of-Experts model with only 21 billion active parameters, making it cheaper to run than most rivals of similar capability.
    • On SWE-bench Verified—a coding benchmark testing real GitHub bug fixes—it jumped from 53% (Hy2) to 74.4%, a 40% improvement over the previous generation.
    • The model is already live across Tencent’s app ecosystem including Yuanbao, QQ, and Tencent Docs, with API access on Tencent Cloud starting at roughly $0.18 per million input tokens.

    Tencent quietly dropped its most capable AI model yet on Thursday, and the benchmark numbers are hard to ignore. Hy3 preview, the company’s first model after a full infrastructure rebuild, went open-source today across GitHub, Hugging Face, and ModelScope.

    It’s also available on Tencent Cloud’s official website, under a paid plan.

    My3 packs 295 billion total parameters (a measurement of a model’s potential breadth of knowledge) but only 21 billion active at any given time. That’s the beauty of a Mixture-of-Experts architecture—the model routes each query to a specialized subset of its “expert” sub-networks instead of running everything at once. Less compute, lower cost, roughly similar output quality. It also supports up to 256,000 tokens of context, which is enough to swallow a full-length novel in a single prompt.

    The model was built to balance three things Tencent says it stopped sacrificing for each other: capability breadth, honest evaluation, and cost-efficiency. Their previous flagship, Hy2, had over 400 billion parameters. Tencent explicitly walked that back, arguing 295 billion is the optimal sweet spot where reasoning fully matures but the cost of adding more parameters stops paying off.

    This also doesn’t mean the model is worse. Models with better training and lower parameters outperform bigger generalist ones quite frequently.

    On coding, the improvement is dramatic. SWE-bench Verified is a benchmark that tests whether a model can actually fix real bugs from GitHub repositories—not toy problems, but production code. Hy2 scored 53.0%. Hy3 preview scores 74.4%. That’s a 40% jump in one generation, landing it in range of Claude Opus 4.6 (80.8%) and above GLM-5 (77.8%) and Kimi-K2.5 (76.8%). Terminal-Bench 2.0, which measures autonomous task execution in a real command-line environment, went from 23.2% to 54.4%—also a massive leap.

    The model, however, can be a very interesting choice for people building with agents. Agents have a very complex set of instructions that involve memories, skills, and tool calls. They usually miss something, which can ruin a workflow or produce poor results. That’s why agentic capabilities are becoming more and more important for AI developers as this area becomes the most hyped thing in the industry. It’s also why the model was immediately made available on Openclaw.

    Search and browsing agents—where models must retrieve, filter, and synthesize information from the open web without human guidance—also improved sharply. On BrowseComp, a benchmark tracking complex web research tasks, Hy3 preview reached 67.1% (up from Hy2’s 28.7%). On WideSearch, it hit 70.2%, outperforming GLM-5 and Kimi-K2.5 but trailing Claude Opus 4.6’s 77.2%.

    In reasoning, the model topped every Chinese competitor on Tsinghua University’s math PhD qualifying exam (Spring 2026), scoring 88.4 on the average of three runs avg@3. That’s a real-world exam, not a curated dataset—the kind of evaluation Tencent says it’s prioritizing to avoid benchmark gaming. The model also scored 87.8 on CHSBO 2025 (China’s national high school biology olympiad), highest among Chinese models in that category.

    Hy3 preview started training in late January 2026 and launched Thursday—under three months from cold start to open-source release. Unusually fast for a frontier-class model. Tencent attributes it to a February infrastructure overhaul led by Yao Shunyu, its chief AI scientist, who pushed a full rebuild of the pretraining and reinforcement learning stack.

    This is a very different approach from what Chinese AI labs were doing a year ago, when DeepSeek’s R1 shocked the industry with its cost-efficiency.

    Hy3 still trails OpenAI and Google DeepMind’s flagships, but by the size-to-performance ratio, Hy3 preview is hard to dismiss: the agent benchmark composite shows it in the “optimal zone” with ~295 billion parameters, ahead of DeepSeek-V3.2 (600 billion+) and matching Kimi-K2.5 (over 1 trillion parameters) at a fraction of the compute cost.

    Hunyuan models have already been deployed across Yuanbao, CodeBuddy, WorkBuddy, QQ, and Tencent Docs. On CodeBuddy and WorkBuddy, first-token latency dropped 54%, end-to-end generation time fell 47%, and the model successfully ran agent workflows as long as 495 steps. Tencent Cloud is offering API access at approximately $0.18 per million input tokens and $0.59 per million output tokens, with personal Token Plan packages starting at around $4.10 per month.

    Daily Debrief Newsletter

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  • Canneseries Goes Crazy for Jisoo as She Picks up Award, Thanks Fans: ‘I Wanted to Show You a New Side of Me’

    Canneseries Goes Crazy for Jisoo as She Picks up Award, Thanks Fans: ‘I Wanted to Show You a New Side of Me’

    Fans couldn’t contain their excitement seeing Jisoo at Canneseries.

    K-pop star picked up the Madame Figaro Rising Star Award during the opening ceremony of the French TV festival to the sound of joyful screams from the crowd. 

    “I wanted to show you a new side of me through different projects, and I’m really happy to receive such an award that represents your support,” she said. 

    “I learned new things through them, and I received a lot of help from many people. I think all this encouragement gave me strength to take one more step forward.”

    A member of girl band Blackpink, Jisoo acted in the series “Snowdrop,” “Newtopia” and will be seen in upcoming “Boyfriend on Demand.”

    Visibly moved, she also thanked her fans for their “unwavering love and support.”

    “I will never forget the gratitude you gave me, and I will do my best to show you a better side of me. Thank you. I hope that everyone here tonight will have an unforgettable moment.”

    Madame Figaro’s Richard Gianorio said: “She’s not a newcomer – she’s a star. A pop star adored by millions of fans, and her cultural influence goes beyond music.” She observed that Jisoo rather quickly left her musical “comfort zone,” ready to conquer other territories as well. 

    “In 2021, she made her acting debut in ‘Snowdrop,’ and that series gained immediate recognition,” he recalled. “Tonight, we are celebrated a young woman who had the courage to reinvent herself – and did so successfully.”

    Jisoo wasn’t the only person awarded that evening, with “Baby Reindeer” creator Richard Gadd accepting the Konbini Commitment Award ahead of the screening of “Half Man.” Earlier that day, Gadd had discussed his new show, in which he stars alongside Jamie Bell. 

    “Whenever I start a new project, I don’t set out to break new ground or push the boundaries, I just call life how I see it. Which, for me, has always been full of difficulty and challenge. The world is in crisis at the moment, and there are many people out there who feel scared and confused. It’s our duty to reflect these struggles on screen.” 

    In the past, when he was experiencing “unbearable pain,” he couldn’t find anything that mirrored what he was going through. 

    “And I really needed to hear that back then,” he said, urging commissioners to “push boundaries, take risks and to tell stories that aren’t necessarily comfortable but need to be heard.” 

    “In these days of mass consumption and geopolitical uncertainty, now more than ever we need shows that speak to real life.”

    Canneseries will wrap on April 28, 2026.

  • Chinese CEO Regrets Selling This Altcoin: It Was One of the Biggest Gainers in the Last 24 Hours

    Chinese CEO Regrets Selling This Altcoin: It Was One of the Biggest Gainers in the Last 24 Hours

    One of the notable developments in the cryptocurrency market was the sharp price movement in the Spark ($SPK) token and the statements made by prominent figures. F2Pool co-founder Wang Chun stated that he regretted selling 83.7 million $SPK tokens last year.

    Wang Chun stated today, “Last year I sold 83.7 million $SPK tokens, and now I regret it a little.” Shortly after this statement, Upbit, one of South Korea’s leading cryptocurrency exchanges, announced that it had listed the $SPK token. Later in the day, the Spark team reported that the total staked $SPK tokens had exceeded 500 million.

    Related News New Developments in the Bullish Crypto Bill, the Clarity Act—What’s the Latest? Is the Bill Coming?

    As a result of these developments, the $SPK token saw a strong increase in its price. At its peak, the token gained as much as 73% in 24 hours, becoming one of the top performing assets in the market and topping Binance’s winners list.

    Weekly chart showing the recent increase in the $SPK price.

    Market commentators point out that, following the recent crisis in the Aave ecosystem, investors have turned to alternative DeFi projects. It is argued that Spark’s risk management approach has stood out in this process, and a significant portion of the liquidity withdrawn from Aave has shifted to Spark.

    The analyses also suggest that the Capital Markets Board’s ($SPK) listing of Upbit may not be a direct result of a payment, but rather due to increased market interest and demand.

    *This is not investment advice.

  • Netflix’s Rafael Nadal Doc ‘RAFA’ Will Compete for Primetime Rather Than Sports Emmys (Exclusive)

    Netflix’s Rafael Nadal Doc ‘RAFA’ Will Compete for Primetime Rather Than Sports Emmys (Exclusive)

    RAFA, an upcoming Netflix documentary series about tennis great Rafael Nadal, will compete for Primetime Emmys rather than Sports Emmys, The Hollywood Reporter has learned.

    Directed by Oscar nominee Zachary Heinzerling (Cutie and the Boxer), the four-part series, which will drop on May 29, chronicles the final year of the 22-time Grand Slam champion’s career, back in 2024, as he grappled with injuries, became a father and decided to retire. It features never-before-seen archival footage and new interviews with Nadal, Roger Federer, Novak Djokovic and John McEnroe, among others.

    Netflix intends to push the project not only for best documentary series — in which three sports-related projects have won in the last six years, 2020’s The Last Dance, 2024’s Beckham and 2025’s 100 Foot Wave — but also for its directing, editing, cinematography, sound mixing, sound editing and score.

    More than half of RAFA is in Spanish, which would make it the first primarily non-English-language project to land a best documentary series Emmy nomination.

    The series was produced by Skydance Sports, which previously backed narrative projects like Amazon’s Golden Globe-nominated Air and nonfiction projects like HBO’s Hard Knocks: Offseason with the New York Giants. Its upcoming projects include an Apple TV+ doc on UConn’s women’s basketball team, Dan Fogelman’s Hulu drama series The Land and a Paramount film about the 1980s New York Giants.

  • ‘Survivor 50’ Star Christian Hubicki on How the Game Slipped Away, His Message for Jimmy Fallon and the Voice Note He Left for Mike White

    Christian Hubicki made Survivor history in a way no player ever wants to — by becoming the first contestant forced to write down his own name at Tribal Council thanks to a twist from Jimmy Fallon. The wild Survivor 50 moment punctuated a sudden unraveling for one of the season’s sharpest strategic minds. In his exclusive exit interview with The Hollywood Reporter below, Christian explains how it happened, where the game slipped and why he’d still “always take the call” to play again.

    ***

    Do you have a message for Jimmy Fallon? Anything you want him to know?

    Look, Jimmy, I am always open to reconciliation. I don’t know who has to get the mediator, but I think we can repair this budding friendship. I believe we can. And maybe it was just a typo. Maybe it was just a typo on the note that maybe Christian will not have to vote for himself. And so we’ll figure this out, my friend. 

    You became the first player to have to write your own name down at Tribal Council. If you’d kept your vote and had the extra vote, where do those votes go, and does it change anything?

    The mere fact that I don’t have to vote for myself and announce that I have to vote for myself, I think changes things potentially a bit. Going to that Tribal, I wasn’t in a great spot. But Emily, to her credit, came out swinging to save me. She could have just thrown me under the bus, but she came out swinging to save me even before I got back, it seems, to pitch Ozzy. So that made her a target. In my understanding — and again, I come from a very particular perspective — the fact that I had to vote for myself made me just a clear target. 

    I think Rizo said that well when he said, “Look, Christian his back is against the wall. He has nothing to defend himself with. Why not take him out now? It’d be silly not to take him out now.” I think it was a helpful determining factor in me going home. But that said, I have to take ownership that that particular day, I made a couple of bad decisions — and you’re only as good as your worst decision on Survivor.

    What were those bad decisions that you made that day?

    For the first 17 days, I made a lot of very good decisions. Really number one, far and away, was telling Cirie I was interested in targeting Ozzy. I was even nominally aware that they had a relationship. Back on the original Cila tribe when we started, there were a lot of conversation, but over time that faded away. I have to give credit to Ozzy and definitely Cirie for having a way of just getting past that. And not to take anything away from Ozzy, I think he’s great, but Cirie has a way of communicating without looking like she’s communicating with people. She’s clearly crafted that so well, so it made it easy to forget.

    On top of that, I was partly blinded by how much I wanted to go deep with Cirie. And yes, Rick and Emily, huge allies, love working with them, no inclination of wanting to turn on them. But Cirie is the one person who I’m fairly sure is almost certain to have a bigger target than me. Not that I necessarily would be the threat to beat at the end, but in case I was, like I was perceived on my first season, I need someone who is a bigger target, a bigger shield.

    I told Cirie on my first day on the beach, “I want to go to the final three with you. This is going to sound crazy, but we both have a similar problem to vastly different degrees. We both want to punch through to the end of that game. I’m not you, to be clear. But there are shades of the same problem. So what if we work together? There will be times where I will need to protect you and I’ll happily do it. And there will be times that I will need to be protected by you. But in the end, we will protect each other and go to the end.”

    Now, would I have gone to the end [with Cirie]? Probably not. But at least it gets me deeper. I put so much stock into needing that endgame option. I think it blinded me to what other relationships were like. And while I am flattered to be Cirie’s number three, like she said on the island, it’s easy to forget that you’re not number one, right?

    Ozzy Lusth and Christian Hubicki.

    Let’s talk about your overall game. You had gastrointestinal distress, called Ozzy “Polly Prissypants” and formed a Star Trek alliance with Rick Devens. You were killing it and seemed to have the game under control up until this last episode. So when did the game slip away?

    The show, I think, did a pretty reasonable job explaining even what I understand to this day to be true. I’m sure there are things I’m unaware of, but the reason Jonathan was targeting me, for instance, was because of the previous vote at the pairs Tribal Council. That vote I felt was existential, because the way it paired up, that Coach and Chrissy had to go. If they didn’t, there was this potential big, giant alliance of old school thinking people that wanted to band together and would seem very loyal to each other that could have taken control of the entire game and have us on the back foot and basically in the minority. So it had to be Coach and Chrissy. That was the easiest decision. But to do that, Jonathan couldn’t know, because clearly Jonathan was in with this group and I was paired with Jonathan.

    Jonathan started to try to take me in, but I had to deceive him a lot. I had to pretend to him that I wanted Devens and Aubrey out. I kept telling people that. And even that Tribal Council, I’m saying things like that because he cannot know what the plan is. Then it kind of got all blown up anyway. So he looked at me, I think as someone who betrayed him and that’s why he wanted to target me. Was that enough to get me out? I’m not sure. Maybe other people had similar ideas, but once you have that and you also have Cirie wanting to target me, that was a real turning point. 

    It’s possible if I just lay low and say, “Cirie, what are you thinking? There’s so much going on. What do you do? I’ll be happy to go whichever way you want. “Maybe she doesn’t target me. Maybe she goes after one of these other people. I was hoping it wouldn’t be Rick. That was my concern. But if I let her drive a little bit more, maybe it worked out better.

    Let’s talk about early in your game when you had some issues with Ozzy because you decided to take out Mike White. When I talked to Mike, he told me in his exit interview, and I’m quoting him, “There’s a part of me that thinks Christian felt like I shouldn’t have been asked back.” And when referring to other players possibly angling for a White Lotus cameo, he said, “Both Emily and Christian are purists about the game and saw that as some kind of unfair advantage.” Are those accurate or inaccurate takes by Mike?

    In terms of The White Lotus cameos, people use whatever they can to get further in the game. The only reason Mike was the target was all about diffusing my target at the merge. If the three of us went together into the merge, after we were on a tribe altogether, it would look like I was protecting them. After I was telling people, “No, no, we’re not working together.” But in fact, I wanted to work with Mike. I absolutely did. But when we kept going to Tribal Council at the swap, I had to get rid of one of them. Originally I was like, “Oh, it’s Angelina.T hat makes all the sense in the world. Angelina and I are not that tight.” When she gets to the merge, she’s a person; I’ve been there, she just goes to the end. She goes from being a target to not a target very quickly. 

    So I was like, that’s bad because who’s the target? Me. And people love working with Mike. Celebrity or not. I’m the target of the three. One of them has to go. But then when Mike is really pushing to keep Angelina to the point where he’s trying to get me to ignore the danger to me at the merge and say, “Just get rid of Emily instead.” And when I ask him about what we are going to do at the merge, he’s like, “We’ll figure it out.” I’m like, “Oh no, there is no plan. He just wants to save Angelina.” At that point, I start looking at Mike as a person that is not my closest ally, but someone who is the glue between Angelina and Ozzy. Yes, Ozzy will be mad, but Angelina and Ozzy are not a natural fit. They’re unlikely to lie together to get me out of the next vote. And sure enough, I caught no votes in the next Tribal Council. What was the other accusation? 

    Mike said, “There’s a part of me that thinks Christian felt like I shouldn’t have been asked back.”

    Oh, no, no, no. I think that’s sad. I’ve been Mike White’s biggest supporter over the years. I voted for him [in the David vs Goliath finale.] I thought his game was transformative. He absolutely earned, irrespective of his celebrity, his spot on Survivor 50. I’ve always said he’s an excellent player. I said he was a transformative player. He earned that spot. I don’t know exactly where that comes from. I think there might be people who think that, but I’m not one of them.

    What’s your relationship with Mike White now?

    I think it’s a bit of a hiatus because when I got back from the island, I knew he’d be understandably hurt. The thing is, I know he has many, in my opinion, great things going on in his life, and I’m thrilled for him. But I also know he loves Survivor. Of all the things he could be doing in his life, he goes back and plays Survivor again, where he doesn’t eat and he got ripped to be on the season. Purely strategically, the move was to get rid of Mike. And I think time has borne that out. There was no part of this that is like, “I don’t think Mike would’ve been able to save me from being targeted at the merge.”

    But my point is that I knew it hurt him because he wanted to be there so badly. So I reached out to him as soon as I got back and I sent a message, an absurdly long voice message basically saying, “I felt I owed you an explanation for what happened. This was not some grand plan. I wanted to work with him. I did. It was just a bad situation and why I targeted him instead of Angelina. The thing I liked about it the least is that it would hurt you. And I knew that it might, and I knew it probably would. So I hope someday you’ll understand that my phone’s open to you whenever.”

    Survivor host Jeff Probst.

    Your last challenge was a major first. You are one of only 11 people to ever participate in a challenge with Jeff. What was going through your mind when you saw he was going to participate? You even outlasted him.

    Of course, pride in the end. But what I realized, so much as I enjoyed on Survivor: David vs Goliath doing a long endurance challenge where I’m yammering at Jeff Probst and he’s my hostage, I also realized it’s an opportunity for interrogation and extortion. So you can hear me yammering. I was starting to talk about, “Jeff, when we’re done with the season, we tend to do these little exit press interviews and some of these postseason interviews, you limit it to an hour. I would like it not to be limited to an hour if I beat you. Can you please do that?” I’m negotiating that stuff and using it for leverage because he’s in pain and he’s not of his full mental faculties. That’s what I’m thinking. Leverage.

    After season 50, do you feel you’ve put a bookend on your Survivor experience, that you accomplished everything you wanted or would you play again if asked?

    If I was asked, I’d always take the call. I know realistically there are so many people who have not gotten a second chance on the show who are due to be called back, and I sure hope that they are. But if someday down the line they’re saying, “We need more metaphors at Tribal Council again. The people stopped giving them.” I’ll send them my rate. It’s very reasonable.

    We started our conversation with me asking if you had a message for Jimmy Fallon. I’d like to wrap things up with a message you might have for your son Michael. Imagine years from now, he’s watched you play twice and he’s reading old exit interviews. What do you want him to know about you and season 50? 

    I want him to know that in life you should always be kind and good to people, and also that you should be able to stand up for yourself and try to fight for what you feel like you can earn. That you feel it’s okay to try to win as hard as you can, so long as you’re respecting others. My first season — I talked about this when I met you, Terry, out in Fiji — when I got voted out in David vs Goliath, I was like, “Yeah, I did really well. But I guess it was my time.” But you know what? There’s always an opportunity to do better. There’s always an opportunity to realize, “You know what? I am worth it. I can earn this for myself. That’s okay. You don’t have to limit yourself.” And that’s a great way to live life.

    ***

    Survivor airs new episodes on Wednesdays at 8 p.m. on CBS and Paramount+.

  • Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges

    Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges

    In brief

    • Prosecutors charged Benjamin Pasternak with strangulation and assault over a March 31 incident.
    • Pasternak was arraigned and pleaded not guilty; his next court date is in June.
    • The arrest adds to mounting legal troubles over allegedly deceptive token sales.

    Benjamin Pasternak, founder of the Solana-based token launchpad Believe, was arrested Tuesday and charged with one count of second-degree strangulation and two counts of third-degree assault with intent to cause physical injury over a March 31 incident.

    Pasternak has pleaded not guilty and is scheduled to return to court June 11, per court records in the New York State Unified Court System.

    The arrest comes as Pasternak faces civil allegations, as well. A class action lawsuit filed March 23 in the Southern District of New York alleges Pasternak claimed “zero ownership” in the Believe platform’s tokens while ostensibly collecting creator fees on every trade, reneging on at least 12 public buyback promises and executing a token migration that allegedly diluted holders by about 33%.

    The complaint alleges Pasternak “ran the same play three times, under three different token names” across $PASTERNAK, $LAUNCHCOIN, and $BELIEVE, as the Believe platform processed roughly $6 billion in trading volume and extracted an estimated $54 million in fees.

    Holders who failed to convert their tokens by the October 29, 2025 migration deadline saw their balances permanently destroyed, per the filing, which estimates consumer losses in the hundreds of millions of dollars.

    The suit brings six claims spanning New York consumer protection law, California false advertising statutes, and common law theories. Plaintiffs also seek an injunction freezing on-chain assets, including the flywheel wallet and token treasury.

    Pasternak co-founded plant-based food company Simulate in early 2018, raising $50 million in a Series B round at a $260 million valuation before selling the company in October 2024. He launched his first crypto token the following January.

    Late last year, Avi Patel, founder of decentralized data marketplace Kled, accused Pasternak of dumping KLED tokens on the open market in breach of a private OTC-only agreement.

    Patel alleged that Pasternak sold more than 1% of the KLED supply during the project’s September app launch, then resumed selling during a later update. The Kled team repurchased Pasternak’s position twice over the counter, reducing his stake in the project from 6% to 1.7%.

    The Believe platform’s native token has crashed 99.8% since its May 2025 all-time high at $0.35, and has fallen nearly 15% on the day to a recent price of $0.0007, per CoinGecko data.

    “Our team is personally concerned by the public reports of domestic violence involving Ben Pasternak,” said Burwick Law founder Max Burwick, counsel for the plaintiffs in the civil suit. “Our thoughts are with the alleged victim. As to the federal class action lawsuit against defendant Ben Pasternak, Burwick Law is focused on zealously representing our clients and the proposed class. We do not comment on litigation strategy or anticipated motion practice.”

    Decrypt reached out to Believe for comment but did not immediately receive a response.

    Editor’s note: This story was updated after publication to include comment from Burwick Law.

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