Author: rb809rb

  • EVM network halts block production after supply exploit as TON connection remains dark

    EVM network halts block production after supply exploit as TON connection remains dark

    TAC, an EVM network connected to TON, halted validator block production after the project said an exploited vulnerability affected the Cosmos-based EVM side of its network and, according to TAC, only the TAC token supply.

    In an Aug. 22 notice, the team said it was working with validators on a temporary halt that would take effect within minutes. TAC’s official Telegram announcement channel subsequently described the halt as implemented and promised further findings and steps toward resuming the chain.

    A check of the TAC explorer API at about 1:03 p.m. UTC on Aug. 23 returned block 24,671,475, timestamped 11:58:11 p.m. UTC on Aug. 22, as the latest block. A fresh check of the TAC explorer at about 7:58 a.m. UTC on Aug. 24 still showed block 24,671,475.

    TAC’s notices did not identify an unauthorized TAC amount, a dollar loss, the exploit transaction or block height, the vulnerable component, affected wallets, user losses or a restart timetable. The team also did not explain why the problem could not be isolated below the full-chain level.

    The halt raises a state-reconciliation question that TAC has not yet answered. The project has not said whether native, wrapped, bridged, staked, exchange-held or protocol-controlled TAC balances must be checked before validators agree on a canonical state, and the available evidence does not establish that every one of those categories was affected.

    The scope differs from TAC’s separate May 11 bridge breach. In its May 20 post-mortem, TAC said its sequencer software failed to verify both the code hash of a TON jetton, or token, wallet and the expected minter behind it. Counterfeit deposit messages were accepted, unbacked equivalents were issued on TAC, and genuine assets locked on TON were released through the normal return path.

    TAC put the May incident’s total protocol loss at approximately $2,854,486.22 as of May 12 at 10 p.m. UTC. During that response, it halted the sequencer set connecting TAC to TON while saying the TAC EVM layer remained fully operational.

    The latest validator-coordinated chain halt is therefore a broader operational response, but it does not establish a new loss figure or show that the two incidents share a root cause. Until TAC publishes technical details of the Aug. 22 supply incident and a reconciled supply figure, the defensible conclusion is limited: block production was stopped, TAC says the issue concerns only its token supply, and the conditions for resuming remain undisclosed.

  • Canada-US trade war: Who wins? Who loses?

    Canada-US trade war: Who wins? Who loses?

    Canada has suspended trade talks with the US after negotiations collapsed, with Trump imposing 50% tariffs on about $20bn of Canadian goods and Ottawa vowing dollar-for-dollar retaliation. Al Jazeera’s Urooba Jamal explains how a trade war could drive up prices and put jobs at risk.

  • $400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares

    $400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares

    Nasdaq-listed Digital Currency X Technology Inc. is asking shareholders to approve a 160-for-1 reverse stock split, also known as a share consolidation, on September 3. It would be the company’s second consolidation of 2026 after a 12-for-1 action took effect on January 22.

    Digital Currency X recently shifted from electric-vehicle manufacturing into the digital asset sector. In its latest annual report, the company said its treasury held 157.45 million EDGEAI tokens. It valued them at about $402 million as of December 31, 2025. It later locked all of those tokens in a 12-month staking agreement. The agreement carried a floating annualized yield of 3.5% to 8%.

    For a holder whose balance is divisible by 160, every 160 Class A or Class B shares would become one share. A holder of 16,000 shares, for example, would receive 100. The filing says the company would round fractional results up to the nearest whole share, so smaller or nondivisible positions would not follow that arithmetic exactly. The consolidation would cover both issued and unissued shares. It would take effect on a date confirmed by Nasdaq or one on which the exchange raises no objection.

    Related Reading

    Eric Trump’s American Bitcoin forces 1:15 reverse split to avoid Nasdaq delisting amid 8k BTC holding

    A reverse stock split, then an authorization reset

    The first resolution would reduce authorized shares from 3 billion, each with a par value of $0.0001, to 18.75 million, each with a $0.016 par value. A second resolution would immediately increase the authorization back to 3 billion shares at the higher par value. A third would reorganize the authorized share capital back to $0.0001 per share. Shareholders had approved the 3 billion-share authorization on May 13, according to a May filing.

    Authorized shares are capacity, rather than stock already issued. The resolutions would not themselves issue shares or prove immediate dilution, but they would leave the company able to issue far more shares after the consolidation than the 18.75 million-share ceiling created by the first step alone.

    Related Reading

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    Share base and voting timeline

    The disclosed issued-share figures come from two earlier dates and establish only a floor. Digital Currency X’s annual report listed 19,823,627 Class A shares and 1,334 Class B shares outstanding as of April 20. A July 7 filing then said the company issued 331,753,557 units, each including one Class A share and warrants, at a July 3 private-placement closing. Together, those disclosures establish at least 351,577,184 Class A shares plus 1,334 Class B shares before any later warrant exercise or other issuance.

    Class A shares carry one vote each on general-meeting matters, while Class B shares carry 20. On the April counts, the Class B class represented 26,680 votes against more than 19.8 million Class A votes. The July issuance added Class A shares, but the materials do not establish current holder-by-holder control for the September vote.

    The company said it intended January’s consolidation to help regain Nasdaq minimum bid-price compliance. By contrast, the August meeting notice does not identify a compliance, financing, or offering rationale for the proposed 160-for-1 reverse stock split and capital reorganization. Intervening issuance also changed the share base, so the two ratios do not describe one continuous holder-level reduction.

    The Zoom-only meeting is scheduled for 10:00 a.m. Hong Kong time on September 3. Internet and phone voting closes at 11:59 p.m. Eastern time on September 2, while proxy forms have a separate deadline no later than 48 hours before the meeting.

  • Venice Adds Gaza Doc ‘Naza’ to Competition

    Venice Adds Gaza Doc ‘Naza’ to Competition

    The Venice Film Festival has added Naza, a politically-charged documentary from No Other Land filmmakers Yuval Abraham and Rachel Szor to its competition line-up for this year.

    The documentary claims to reveal in detail “the systems behind Israel’s calculated mass killing of Palestinian civilians in Gaza.”

    The film builds on revelations first published by the Israeli-Palestinian publication +972 Magazine, Hebrew-language outlet Local Call and The Guardian between 2023 and 2025. Naza was produced by The Guardian and James Wilson at JW Films in association with Placeholder Films and Unseen Hand. Wilson produced Jonathan Glazer’s Oscar-winning The Zone of Interest. Glazer is an executive producer on Naza. According to the producers, the film’s title “comes from a military acronym euphemistically used by Israeli intelligence to indicate the number of civilians that it expects will be killed in an airstrike.”

    The doc will have its world premiere in Venice on Sept. 10. It is the only feature documentary picked for competition this year.

    Yuval Abraham and Rachel Szor are two of the four co-directors of No Other Land, the Oscar-winning documentary that chronicled violent evictions of Palestinians from their homes in the occupied West Bank.

    The Israeli-Palestinian conflict took center stage at the Venice Film festival last year, with the world premiere of The Voice of Hind Rajab, a ticking-clock docudrama from Tunisian director Kaouther Ben Hania about about efforts to save a five-year-old Palestinian girl killed by the Israeli forces in Gaza. [The Israeli military investigation last week announced an official investigation into Hind Rajab’s death, a move Ben Hania has dismissed as “a smokescreen.”].

    The Venice audience embraced the film, giving it a festival-best 22-minute standing ovation. The Voice of Hind Rajab won the Silver Lion Grand Jury award, the runner-up prize, losing out to best film Golden Lion winner Father Mother Sister Brother from Jim Jarmusch.

    Ahead of the 2025 festival, thousands had marched on the Lido to protest Israeli military action in Gaza, and a group of international filmmakers and artists had pressed Barbera to take a “clear and unambiguous stand” by condemning the war as a “genocide.” He didn’t, though he expressed his “huge sadness and suffering vis-à-vis what is happening in Gaza and Palestine.”

    While Naza will be the only documentary on the conflict in competition, there are several other Venice-bound docs on the crisis in the region. Ahmed Hassouna’s Citizen Osama profiles a photojournalist navigating survival and fatherhood in besieged Gaza. Muayad Alayan’s Conversation with the Sea follows a Palestinian man caught up in Israeli bureaucracy. And Road to Jericho, a documentary from Israeli director Amos Gitai, tracks the fate of Khan al-Ahmar, a Bedouin hamlet outside Jerusalem on the verge of being erased by the Israeli state.

    The 83rd Venice International Film Festival runs Sept. 2-12.

  • Brad Pitt to Return to San Sebastian Film Festival With David Ayer’s ‘Heart of the Beast’

    Brad Pitt to Return to San Sebastian Film Festival With David Ayer’s ‘Heart of the Beast’

    Brad Pitt and director David Ayer will hit this year’s San Sebastian Film Festival with their latest film, Heart of the Beast.

    From Paramount Pictures, the movie will screen out of competition at the Spanish festival. Both Pitt and Ayer are expected to attend the event, as the Oscar-winning star plays a former Special Forces officer who, accompanied by his retired combat dog, must survive in the Alaskan wilderness following a harrowing plane crash.

    It marks Pitt’s first visit to the festival since his 2009 presentation of Inglourious Basterds, alongside filmmaker Quentin Tarantino.

    Ayer’s credits include Training Day, Suicide Squad, End of Watch, The Tax Collector and Sabotage. His latest feature is written by Cameron Alexander and reunites him with Pitt (who starred in Ayer’s Fury). The film’s cast also includes J.K. Simmons and Anna Lambe. Pitt produces the film alongside Olivia Hamilton, Marty Bowen and David Ayer, with Damien Chazelle among its executive producers.

    With the addition of Heart of the Beast, the list of titles in San Sebastian’s official selection is now complete. The 74th edition includes 17 films in competition, three out of competition and five special screenings.

    This year’s batch boasts opening film Ghost Song from Faith Akin, closer Le Faux Soir from Michaël R. Roskam, as well as a slew of other projects from Mike Leigh (Tender Loving Care), Pablo Larrain (My Sad Dead) and Jaime Lorente (The Bad Son). Other competition highlights include Milo from director Nicole Garcia (Oran), a French drama featuring Marion Cotillard and Lurker star Théodore Pellerin; and In My Father’s Room, the directorial debut of Japanese novelist Maha Harada.

    Prolific German filmmaker Werner Herzog is receiving the fest’s Donostia Award.

  • Don’t Miss Your Chance To Own 20TB of Encrypted Cloud Storage for Just $390

    Don’t Miss Your Chance To Own 20TB of Encrypted Cloud Storage for Just $390

    TL;DR: New users can get 20TB of Internxt Drive with unlimited-device access for $389.97 (MSRP $4,900) through August 25.

    Internxt offers new users 20TB of lifetime cloud storage for a one-time fee of $389.97. The plan covers Internxt Drive storage and standard file sharing with no recurring fee.

    Files are end-to-end encrypted before leaving the device. Internxt’s zero-knowledge design prevents the company from reading or accessing stored data. Post-quantum encryption provides protection against future computing threats.

    During transfer, files are encrypted and divided into smaller pieces.

    Apps are available for Windows, macOS, Linux, Android, and iOS, as well as via browser access. Users can upload, sync, access, and share files across unlimited devices. Users can also export stored data at any time.

    The plan’s limitations are important. It does not include Internxt Mail, Meet, CLI, WebDAV, Cleaner, backups, password-protected sharing, advanced sharing, AI, file versioning, or antivirus. Those products and features are sold separately.

    This offer is available only to new users. Moving to a larger plan requires an additional purchase.

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  • AEG, Archer Aviation Unveil Plans for Air Taxis at L.A. Live

    AEG, Archer Aviation Unveil Plans for Air Taxis at L.A. Live

    Are you ready to take an air taxi to watch the Los Angeles Lakers or Kings play at Crypto.com Arena? It could happen sooner than you think.

    This morning, AEG and Archer Aviation unveiled a multiyear partnership and collaboration to develop downtown L.A.’s first “vertiport” — a vertical takeoff and landing site for electric air taxis — at the sports and entertainment district L.A. Live.

    The goal is to enable folks to take one of Archer’s Midnight air taxis for a 10- to 20-minute point-to-point trip that, with traffic, could take two hours. The taxis carry four passengers, reach speeds of up to 150 mph and produce far less noise and zero operating emissions compared with traditional helicopters.

    Archer already has plans for its air taxi network to include SoFi Stadium, USC, LAX, Hollywood Burbank Airport and spots in Santa Monica and Orange County, with the recently acquired Hawthorne Airport serving as its central operational hub.

    According to the companies, AEG and Archer have completed the initial feasibility study for the site, including land-use and airspace reviews, power availability and community impact. The next phase, reviewing operational approach and guest experience, is underway. (Exactly where the taxis will land and take off has yet to be determined.)

    The agreement, brokered by AEG Global Partnerships, names publicly traded Archer as the exclusive air taxi partner of L.A. Live.

    “We are thrilled to pursue this endeavor with Archer to enhance the fan experience around the major sports and live-entertainment events we host,” AEG Global Partnerships president and COO Nick Baker said in a statement.

    “This is an ambitious project and exactly the kind of forward-thinking collaboration that blends infrastructure and technology in service of our fans, visitors and the broader community around major sports and live-entertainment events hosted at L.A. Live.”

    In addition to Crypto.com Arena, L.A. Live is home to the Peacock Theater, The Novo, a Regal multiplex, the Grammy Museum, restaurants and bars, and the L.A. Convention Center, which is around the corner.

    Archer is also the official air taxi provider for the 2028 Los Angeles Olympics and Team USA, and downtown L.A. will serve as a central hub for 18 Olympic and Paralympic sports a couple of summers from now.

    “We see this as a one-of-a-kind opportunity to add a flagship downtown location to our planned Los Angeles air taxi network ahead of the LA28 Games,” Archer founder and CEO Adam Goldstein said. “Working with AEG on an iconic project like this vertiport at L.A. Live gives us the opportunity to continue building the infrastructure needed for Southern California to lead in the next era of all-electric flight.”

    A Midnight air taxi will be on display at L.A. Live through Tuesday.

  • China Box Office: ‘Once Upon a Time in the Middle East’ Stays on Top as ‘V’ Debuts in Second

    China Box Office: ‘Once Upon a Time in the Middle East’ Stays on Top as ‘V’ Debuts in Second

    Dirty Monkeys’ war comedy-drama “Once Upon a Time in the Middle East” held onto the No. 1 position at the mainland China box office during the Aug. 21–23 weekend, taking in RMB298.8 million ($43.9 million) in its second weekend of release, according to data from Artisan Gateway.

    Directed by Wen Muye (“Dying to Survive”) and starring Shen Teng, Jiang Qiming, Aarif Rahman, and Omar Sherif, the hit production has accumulated $232.2 million since launching nationwide on Aug. 11. The story tracks a Chinese chef who moves to the Middle East to clear family debts by running a restaurant, only to see the venue become a community refuge when armed conflict breaks out across the region.

    Pearl River Film Group’s crime drama “V” debuted in second place, pulling in $18.9 million over the three-day weekend frame. Bolstered by early screenings following its Aug. 19 premiere, the feature has reached a cumulative total of $30.7 million. Directed by Han Yan (“Love Never Ends”), the film features a heavyweight ensemble cast led by Tony Ka Fai Leung, Zhu Yilong, Tan Jianci, and Kara Wai. The narrative follows an ambitious figure who uses relentless daring and sharp enterprise to rise through the ranks and taste immense success, only to see dark consequences and long-buried shadows gather to threaten his triumph.

    Universal’s epic “The Odyssey” took third position in its sophomore frame, collecting $15.9 million for a total of $68.7 million.

    Pearl Studio’s animated fantasy feature “All Wishes Come True!” moved to fourth place in its sixth weekend, adding $9.8 million. Directed by Mu Zhengyang, the enduring family hit has amassed $255.7 million since its July 18 debut.

    Sony’s superhero blockbuster “Spider-Man: Brand New Day” rounded out the top five, generating $4.6 million in its fourth full weekend, lifting its cumulative total in China to $219.9 million since rolling out on July 29.

    Mainland China’s overall weekend grosses reached $103.1 million, while the 2026 year-to-date revenue stands at $4 billion, down 28.6% from the same period in 2025.

  • Korea Box Office: ‘The Odyssey’ Outmuscles ‘Spider-Man: Brand New Day’ to Hold Top Spot

    Korea Box Office: ‘The Odyssey’ Outmuscles ‘Spider-Man: Brand New Day’ to Hold Top Spot

    “The Odyssey” maintained its commanding position atop the South Korea box office during the weekend of Aug. 21–23.

    According to data from KOBIS, the tracking service operated by the Korean Film Council, the Christopher Nolan-directed tentpole generated $10.6 million from 1,321,204 admissions over the three-day frame across 2,182 screens, capturing 66.3% of total weekend business. Showing formidable holding power in its third outing, the film pushed its cumulative local gross to $56.8 million from 7,109,368 total admissions since its Aug. 5 launch.

    Superhero tentpole “Spider-Man: Brand New Day” held onto second place in its fourth frame, taking $2.9 million from 386,754 admissions. The film accounted for 18.39% of the market, lifting its cumulative South Korea haul to $61.4 million from 8,127,615 total admissions.

    “Insidious: Out of the Further” opened in third place, generating $547,555 from 71,592 admissions across 678 screens. Since its Aug. 20 premiere, the release has collected $706,508 from 93,922 total admissions.

    Local animated feature “Teenieping: Legend of the Whale Heartstone” finished fourth, adding $480,487 from 69,482 admissions. Directed by Kim Soo-hoon, the musical fantasy adventure follows Princess Romi, Heartsping, and their crew venturing into the deep sea to rescue Queen Velita. The sequel has grossed $5.3 million from 788,263 viewers since its Aug. 5 rollout.

    Animated mystery “Detective Conan the Movie: Fallen Angel of the Highway” took fifth place in its second weekend, pulling in $380,240 from 50,053 admissions. Directed by Takahiro Hasui, the franchise installment has reached a total of $2.5 million from 356,276 tickets.

    The local action-comedy sequel “Ok! Madam: Bon Voyage” took sixth place, generating $239,231 from 33,585 admissions. Directed by Lee Cheol-ha and starring Uhm Jung-hwa, Park Sung-woong, Lee Sang-yun, and Sooyoung, the film has now earned $2 million.

    “Paw Patrol: The Dino Movie” placed seventh, collecting $143,937 from 20,488 admissions to move its gross to $671,567 from 95,605 admissions.

    Sci-fi thriller “Hope” took eighth place, adding $130,477 from 18,366 admissions. Directed by Na Hong-Jin and starring Hwang Jung-min, Zo In-sung, Jung Ho-yeon, Michael Fassbender, and Alicia Vikander, the alien-encounter feature has accumulated $35 million from 4,518,395 admissions.

    Studio Ghibli’s 2010 animated fantasy “The Secret World of Arrietty,” directed by Yonebayashi Hiromasa, placed ninth via a specialty re-release, earning $82,305 from 10,431 admissions to lift its lifetime South Korea gross to $5.6 million from 1,086,258 tickets.

    Rounding out the top ten was “Warfare,” which pulled in $58,172 from 7,333 admissions over the frame. The real-time Iraq War encounter film has generated $108,585 from 13,863 admissions since its Aug. 19 rollout.

    The overall market collective gross for the weekend was $16.1 million, down from last week’s $22.3 million.

  • Erik Poppe Talks Haugesund Opener ‘Beloved,’ Written by Nobel Prize Winner Jon Fosse: ‘People Long for Something Honest and Truthful’

    Erik Poppe Talks Haugesund Opener ‘Beloved,’ Written by Nobel Prize Winner Jon Fosse: ‘People Long for Something Honest and Truthful’

    In “Beloved,” opening the Norwegian International Film Festival Haugesund, Erik Poppe takes on a script by Nobel Prize winner Jon Fosse.

    “It’s a project that has been on my desk for many, many years. Jon Fosse wrote it almost 20 years ago. After he received the Nobel Prize in Literature [in 2023], it felt like the whole world wanted to read it. But I always knew it was a powerful piece of work,” he tells Variety. 

    “Beloved” follows a couple who meet in a small coastal town. They have a child, but Asle is drawn back to the sea while Gerd remains in the village.

    The film, starring Leo Magnus de la Nuez and Kristi-Helene Giæver Engeberg, was produced by Paradox and SF Production. It’s sold by Reinvent Yellow Sales. 

    One of Norway’s most acclaimed directors, Poppe is known for larger productions, from “The King’s Choice” to “Utøya: July 22,” “The Emigrants” and “Quisling: The Final Days.” But focusing on a more intimate story felt right this time.

    “Looking at the world as it is right now, I needed to hold onto some sense of hope – or at least something more human. I wanted to explore the relationship between two people, as well as between a father and son, because it’s a story of daily life I can relate to.” 

    He adds: “We’ve all seen how well they perform in the cinemas, surprisingly enough. People long for something honest and truthful that they can just dive into.”

    The fact that Fosse is only growing in stature doesn’t hurt either. 

    “He’s about to be named one of the most important living authors in the world today, and this isn’t based on his novels or plays. [The screenplay] is an original piece of work that he wrote with only one goal in mind: to make it into a movie.”

    Still more adaptations are likely on their way. 

    “I’m quite sure more movies will be made from his novels. As a filmmaker, he’s opening up the space between the dialogue for me to fill in. His style is so simple yet deep. You connect with it, understand it, and it hits you right in the stomach. His novels are short, but when you read them, it feels like Dostoyevsky. I find it extraordinary.” 

    Despite following only two characters and their son, Poppe didn’t change his approach to working with actors.

    “On all my movies, I insist on having at least eight or 12 weeks with them [prior to the shoot]. If I can establish a truthful, honest relationship with my actors, I can push them quite far,” he says. He also paid extra attention to their surroundings. 

    “I spent a lot of time figuring out where to shoot this film. It’s almost like a mythical landscape, a mythical part of Norway. It’s the fourth character in the film.”

    Misty and melancholic, it mirrors their insecurities and growing estrangement. 

    “It’s quite typical of many relationships. It’s so hard to talk to each other,” says Poppe.

    “I was raised by two parents who were almost exactly like these two. Except, it was my mother who left and my sister and I stayed home with my father. The film is about the language these two used to share, which is disappearing, it’s about where they are and what they’re longing for.”

    Which is why, despite that title, there is a darker side to ‘Beloved.’

    “Based on our first screenings, people have been surprised, but they also really love that it’s not your regular love story,” he admits. 

    “I think it’s a brave piece of work by Jon. I was tempted by the fact that he doesn’t follow the paths we are so used to. I wanted to explore how that could work in a movie.”