Author: rb809rb

  • Google starts rolling out Gemini in Chrome to users in Canada, India and New Zealand

    At the start of the year, Google brought a host of new Gemini-powered features, including built-in Nano Banana image generation, to Chrome. After debuting in the United States, those features are now making their way to Chrome users in Canada, India and New Zealand, with support for 50 additional in tow. Among the new languages Gemini in Chrome can now converse in are French, Gujarati, Hindi and Spanish.

    To try out Gemini in Chrome, tap the sparkle icon at the top right of the interface. This will open the sidebar interface Google introduced in January. From there, you can chat with the company’s Gemini chatbot without the need to switch tabs. From the sidebar, you can also access Google’s in-house image generator. Additionally, Gemini in Chrome offers integrations with Gmail, Maps, Calendar, YouTube and other Google apps. If you live outside Canada, India or New Zealand, Google says it will make Gemini in Chrome available in more countries and languages throughout the rest of 2026. Oh, and if don’t want to use Gemini in Chrome, you can right click on the sparkle icon and select unpin to never see it again.

  • Bitcoin Price Pullback Tests Bulls — Bounce Attempt Incoming?

    Bitcoin Price Pullback Tests Bulls — Bounce Attempt Incoming?

    Bitcoin price started a recovery wave above the $68,500 zone. $BTC is now consolidating and might aim for more gains above $70,500.

    • Bitcoin started a decent recovery wave above the $69,200 zone.
    • The price is trading above $68,500 and the 100 hourly simple moving average.
    • There was a break below a bullish trend line with support at $70,400 on the hourly chart of the $BTC/USD pair (data feed from Kraken).
    • The pair might dip again if it trades below the $69,280 and $68,000 levels.

    Bitcoin Price Fails Near Resistance

    Bitcoin price remained elevated and extended its increase above the $68,500 level. $BTC climbed above the $69,200 and $70,000 resistance levels.

    The bulls pushed the price above the 61.8% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. However, the bears are still active below $72,000. The price faced rejection near the $71,600 level and started a downside correction.

    There was a break below a bullish trend line with support at $70,400 on the hourly chart of the $BTC/USD pair. Bitcoin is now trading above $68,500 and the 100 hourly simple moving average. If the price remains stable above $68,500, it could attempt a fresh increase. Immediate resistance is near the $70,250 level.

    The first key resistance is near the $70,500 level. A close above the $70,500 resistance might send the price further higher. In the stated case, the price could rise and test the $71,500 resistance. Any more gains might send the price toward the $72,000 level or the 76.4% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. The next barrier for the bulls could be $72,650.

    More Losses In $BTC?

    If Bitcoin fails to rise above the $70,500 resistance zone, it could start another decline. Immediate support is near the $69,280 level. The first major support is near the $68,500 level.

    The next support is now near the $68,000 zone. Any more losses might send the price toward the $67,250 support in the near term. The main support now sits at $66,500, below which $BTC might struggle to recover in the near term.

    Technical indicators:

    Hourly MACD – The MACD is now gaining pace in the bearish zone.

    Hourly RSI (Relative Strength Index) – The RSI for $BTC/USD is now near the 50 level.

    Major Support Levels – $68,500, followed by $68,000.

    Major Resistance Levels – $70,500 and $72,000.

  • HYPE Rallies 13% as Hyperliquid Sees Massive Spike in Oil and Silver Trading 

    HYPE Rallies 13% as Hyperliquid Sees Massive Spike in Oil and Silver Trading 

    • Hyperliquid coin price enters a consolidation range between two trendlines, offering dynamic resistance and support.
    • Hyperliquid recently recorded a weekend volume milestone close to $720 million.
    • The broader crypto market sentiment remains in extreme fear as the sentiment gauge, fear and greed index drops to 13%.

    $HYPE, the native token of decentralized perpetuals exchange, Hyperliquid recorded a significant spike of 13% on Monday, to reach $35.1 mark. The primary catalyst behind this surge followed a massive spike in Hyperliquid’s HIP-3 perpetual futures trading volume— associated with WTI crude amid geopolitical tension. Will the Hyperliquid price break the $40 region?

    Hyperliquid Benefits From Commodity Market Volatility

    On Monday, the Hyperliquid price outperformed a majority of major cryptocurrency with a roughly 13% surge, reaching its trading value of $34.5. Along with broader market uptick, $HYPE witnessed its 24-hours trading volume spike by 196% to $503 million, bolstering its on-chain activity.

    The most recent peak occurred on a weekend, when the tradexyz-driven activity boosted volumes to a new peak of about $720 million for non-trading days. This is after previous surges, with prices of silver shooting from $85 to $114 and back during the end of January triggering a surge in interest from retail buyers that saw volumes on weekdays rise to $4.67 billion and on weekends rise to $460 million on the platform.

    More recently, the US-Israel-Iran conflict, which began on a Saturday in late February, limited access to conventional crude oil futures. Traders flocked to Hyperliquid’s perpetual contracts for crude, sending weekend volumes of $630 million at the time. As the price of oil surged 80% in the next nine days, last weekend broke a new record at about $720 million.

    These episodes showcase how the platform captures demand for assets such as silver and oil in times of volatility or when traditional markets are closed, particularly among users who lack standard financial access. HIP-3 markets led by builders such as tradexyz, have made a significant contribution to overall volume growth, with tokenized traditional assets now making an interesting portion of activity. The resulting fee generation and use of the platform seem to be related to the latest movement for $HYPE in terms of price performance.

    $HYPE Enters Consolidation Trend Before Its Next Leap

    Over the past three months, the Hyperliquid price showcased a sideways trend below the $36.67 level amid broader market uncertainty. The daily chart highlighted that the consolidation resonated strictly within two rising trendlines, proving dynamic resistance and support to $HYPE price.

    The coin price bounced at least twice from each trendline suggests the lack of initiation from buyers to sellers to drive a sustainable move.

    With today’s price jump, the Hyperliquid coin managed to reclaim key EMAs (20, 50, 100, and 200) bolstering its position to challenge resistance trendline at $40. A potential breakout from this resistance would accelerate the market buying pressure and push $HYPE to its initial target at $50.

    On the contrary, if the supply pressure persists above $36.67 to $40 region, the Hyperliquid could revert lower and prolong its consolidation range. Amid a pessimistic approach, the coin price could breach the bottom trend near $30 and seeks support at $24 level.

  • Polymarket, Peter Thiel’s Palantir Eye ‘Surveillance Models’ for Sports Prediction Markets

    Polymarket, Peter Thiel’s Palantir Eye ‘Surveillance Models’ for Sports Prediction Markets

    In brief

    • Polymarket is creating surveillance systems for sports-focused prediction markets with Palantir, the firm known for its work with the U.S. military.
    • The initiative comes as lawmakers have called out suspicious trading activity on markets related to U.S. military efforts, while demanding tougher rules.
    • In recent weeks, Kalshi has underscored efforts to self-police traders by publicizing two enforcement actions against traders.

    Polymarket signaled on Tuesday that it is planning to work with Palantir on developing systems for surveilling sports-focused prediction markets, a move aimed at bolstering its platform’s integrity by enabling the data-analytics specialist to harness user data.

    The initiative will center on procedures like transaction monitoring and user screening, using the so-called Vergence AI engine. That tech was developed by Palantir and intelligence systems provider TWG AI through a joint venture created last year, according to a press release.

    Using Vergance AI, the companies say they will be able to identify potential market manipulation and insider trading nearly instantaneously. The systems are also set to screen bettors to determine whether they are restricted from participating in certain markets.

    By opening up its platform to Palantir and TWG AI, Polymarket is trying to prove that it’s capable of self-policing traders’ activity, amid growing calls from U.S. lawmakers to implement tougher rules through bills like the Public Integrity in Financial Prediction Markets Act.

    That bill was sponsored earlier this year by Rep. Ritchie Torres (D-NY), not long after a series of suspicious bets around Venezuelan President Nicolás Maduro on Polymarket raised eyebrows. Since then, two Israelis have been charged with using classified information to make bets about the nation’s military operations on Polymarket.

    Palantir, recognized for its work with intelligence agencies and the U.S. military, was co-founded by billionaire Peter Thiel. A venture firm owned by the entrepreneur, Founders Fund, led a $45 million Series B funding round for Polymarket in 2024. 

    Decrypt has asked Polymarket whether its efforts in sports could extend to other markets, including those related to armed conflicts, and it will update this article should we hear back.

    On Tuesday, the firm said that its surveillance systems will create a dedicated environment for managing and escalating cases of suspicious activity. That involves automatically generating documentations that could “support enforcement and regulatory compliance.”

    “We are excited to be at the center of that transformation,” Palantir co-founder and CEO Alex Karp said in a statement, arguing that the initiative sets a new standard.

    In recent weeks, rival platform Kalshi has highlighted efforts to police insiders and market manipulators, naming a former video editor for YouTube star MrBeast and a longshot political candidate in California as among its first targets. Meanwhile, Kalshi CEO Tarek Mansour has spotlighted Poirot, a proprietary surveillance system that he said has underpinned 200 investigations.

    For TWG AI, the tie-up with Polymarket is notable, considering that the firm’s parent company has made investments in sports franchises like the Los Angeles Dodgers and Lakers.

    Although Kalshi and Polymarket are seeing growth from sports, Kalshi is more exposed to that segment. Last week, 69% of Kalshi wagers focused on sports, compared to 40% on Polymarket, according to a Dune dashboard. Still, sports led for both.

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  • Elon Musk’s X Money App Nears Public Launch, No Sign of Dogecoin

    Elon Musk’s X Money App Nears Public Launch, No Sign of Dogecoin

    In brief

    • X Money, the financial services arm of the social media platform, will launch public access beta in April.
    • The platform will offer peer-to-peer transfers and direct deposits, and allow users to earn yield.
    • Despite Elon Musk cheering on Dogecoin (DOGE) for years, it appears to have no role in the launch.

    Elon Musk’s long-awaited financial “everything app,” X Money, is entering early public access in April, according to the billionaire entrepreneur. 

    The payments app, which has recently been teased on social media from early beta testers, allows users to set up direct deposits, earn yield, and make payments directly in the app, rivaling the capabilities of other financial platforms like Venmo or Cash App. 

    “X Money early public access will launch next month,” Musk posted to X on Tuesday morning

    The platform’s early capabilities and interface have also been promoted by “Star Trek” actor William Shatner, who was invited to utilize the platform by Musk and is auctioning off beta access to support charity. 

    For a $1,000 donation to Shatner’s Hollywood Charity Horse Show, which supports children charities, individuals can gain early beta access to the platform and start making use of its features. 

    However, while users start to make use of the platform by making coffee purchases and transferring funds, there still is no obvious crypto connection—not even for Musk’s “favorite cryptocurrency,” the leading meme coin, Dogecoin (DOGE). 

    A crypto inclusion for X Money has long been rumored given Musk’s long history of DOGE cheerleading, but the firm has yet to share any hard details that point to crypto functionality. Even so, DOGE is up more than 8% over the last day, perhaps benefitting from speculation around the impending app launch.

    Nevertheless, the X owner recently re-posted a third-party forecast of the app’s future features, which included loans, money market accounts, and “crypto integration.”

    In the works for years, X Money unveiled Visa as a partner for secure and instant account funding in January 2025. Plus, via subsidiary X Payments, the firm has managed to secure more than 40 money transmitter licenses across U.S. states to bolster and secure its financial capabilities. 

    The approaching public access for X Money follows the social media platform’s financial tooling expansion, including the recent release of “smart cashtags,” which allow individuals to make trades and analyze traditional equities—and digital assets—directly on X. 

    But that doesn’t mean the firm is acting as a brokerage or executing trades on a user’s behalf, according to X Product Lead Nikita Bier.

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  • Press freedom declines in Americas, with US seeing sharpest drop: Report

    Press freedom declines in Americas, with US seeing sharpest drop: Report

    A new report has expressed alarm at what it describes as backsliding press freedoms across the Americas, with the United States seeing the steepest decline.

    The Inter American Press Association (IAPA) released its latest press freedom index on Tuesday, ranking last year as the lowest point for freedom of expression since the report began in 2020.

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    Researchers found that the Americas have experienced a “dramatic deterioration” in unrestricted speech, according to the report.

    “This is one of the worst years for journalism in the region, marked by murders, arbitrary arrests, exile, and rampant impunity in countries such as Mexico, Honduras, Ecuador, Nicaragua, El Salvador, Guatemala, Colombia, Cuba, and Venezuela,” the report said.

    It added that enhanced restrictions on free speech have occurred in countries of various ideological persuasions, whether right-wing or left-wing.

    The US, however, was singled out as an area of “alarming decline”. In a ranking of 23 countries across the hemisphere, the US dropped from fourth place to 11th, indicating that journalists operate with increased restrictions.

    Changes under President Donald Trump, who returned to office last year, were cited as a primary factor.

    “Even though journalistic practice in the United States remains protected by the Constitution and laws, last year’s events saw the erosion of safeguards,” the report explained.

    Trump, it said, had contributed to the “stigmatisation of critical journalism”. The report also pointed to developments like cuts to public media funding and the closure of Voice of America, a government-funded broadcaster, as detriments to the free press.

    In total, the report tallied 170 attacks against journalists in the US last year, and it cited interactions with federal immigration agents as an area of concern.

    The report also noted that Nicaragua and Venezuela continue to rank as “without freedom of expression”.

    In Venezuela’s case, for instance, it cited the closure of more than 400 radio stations and the detention of 25 journalists in the wake of the controversial 2024 presidential election.

    On a scale of 100, the report ranked press freedom in the country at 7.02. It remains in last place on the report’s list of 23 countries.

    El Salvador also dropped in the index’s latest evaluation, now in 21st position on the press freedom list, just ahead of Nicaragua and Venezuela.

    In an accompanying statement, Sergio Arauz, the president of the Association of Journalists of El Salvador (APES), denounced what he called the “escalating repression” under the government of President Nayib Bukele.

    Arauz noted that 50 Salvadoran journalists had been pushed into exile in the last year amid a campaign of harassment by the government.

    “There are no possibilities of practicing journalism fully without facing consequences when there is an Executive branch with virtually unlimited powers and no effective legal oversight,” said Arauz.

    Since 2022, Bukele and his government have placed the country under a state of emergency that suspended key civil liberties and granted wide latitude to state security forces, in the name of addressing crime.

    Tuesday’s report pointed to the state of emergency as a factor in undermining free speech, and also cited El Salvador’s new Foreign Agents Law, which gives the government the power to dissolve organisations that receive funding from abroad.

    El Salvador is one of eight nations categorised in the index as “high restriction”, along with Ecuador, Bolivia, Honduras, Peru, Mexico, Haiti and Cuba.

    The Dominican Republic, Chile, Canada and Brazil were ranked among the highest for protecting press freedoms.

  • WGA to Seek Payment for AI Training on Scripts as Talks With Studios Set to Begin

    WGA to Seek Payment for AI Training on Scripts as Talks With Studios Set to Begin

    The Writers Guild of America went on strike three years ago in large part out of fears of writers being replaced by artificial intelligence. That has not happened — whether due to copyright issues, or because AI doesn’t write well, or because of protections the WGA won in the strike.

    But last fall, Disney allowed its characters to appear in user-generated Sora videos, showing that the issue is not going away. And as the guild prepares to sit down again with the studios next week, AI remains a top-of-mind concern.

    John August, co-chair of the WGA Negotiating Committee, said Tuesday that the union will seek to affirm the principle that writers should be paid for derivative uses of their work, including AI training. In the last go-round, the Alliance of Motion Picture and Television Producers refused to accept any limitations on the use of scripts — which they own — to train AI models.

    “There has to be some payment for training and AI outputs based on our work,” August said.

    August sat for an interview along with Danielle Sanchez Witzel, the other negotiating co-chair; Michele Mulroney, the president of WGA West; and Ellen Stutzman, the guild’s chief negotiator.

    The overall mood heading into the talks seems less militant than it was in 2023, when writers warned of existential threats to their livelihoods if their demands were not met. Now, far fewer writers are working, contributing to eight-figure deficits in the union health fund. The focus of negotiations is on patching up the fund while addressing some unfinished business from 2023.

    For now, all the militancy has been supplied by the Writers Guild Staff Union, which is on strike and is picketing daily outside WGA West headquarters. The staff is demanding better wages and job protections, including — fittingly — protection against being replaced by AI.

    If no deal is reached between now and Monday, the WGA staff could end up picketing outside AMPTP headquarters while WGA leadership is inside at the bargaining table.

    We should just do the elephant in the room first, which is the staff union is on strike. Where does that stand? Obviously, it must be frustrating to have that going on. How do we resolve this so we can focus on the studios?

    Stutzman: I’ll just say, first contracts can be tough. We bargained a fair contract with the staff union, and we bargained in good faith. Our members can see the offer we made and we reached out to the WGSU today to talk and see if there’s a path forward. But I’ll just say, we’re here to talk about the (Minimum Basic Agreement) and the very important writer negotiation. So I think I’ll just leave it at that, versus saying more.

    Functionally, you are able to go ahead with those negotiations without the staff at full strength?

    Stutzman: Yes.

    In terms of the MBA negotiations, it feels like healthcare is the number one thing. The last time it was the number one thing was 2017 and that was resolved with a balance of increased contributions and cost reductions. I think it was $30 million of increased contributions and $7 million of cost reductions. Is that a fair way to think about what it might end up looking like this time?

    Mulroney: We’ve been very open that this will be a headline issue, and that we will be asking the companies to increase their contributions and put a significant amount of money into our health fund. It’s too early to talk about potential plan changes, because we have to see what we get from the companies first, and then we’ll figure things out after that. But if it comes to health plan changes, we’re always going to prioritize affordability and member choice and make sure that we are sensitive in that way.

    One thing I zeroed in on from the report that you put out was the extended coverage points, which is a system that has existed for 25 years. And basically you’re allowed to not work for a while and spend down your accrual of points and still get coverage. After a while, I’m sure that becomes expensive. So is that something you’re looking at in terms of a reform when you talk about plan changes?

    Mulroney: Again, not sure yet, but I’ll just say that the big pullback in spending that the companies chose to make since so-called Peak TV has meant less going into our fund, because fewer writers are working. So yes, some writers have had to lean on points during this period. So that’s also been a factor that has stressed out the fund. So again, once we see what the companies are going to do and what contributions they’re going to make, then we’ll have that discussion internally at the Health Fund and with our members after the fact.

    Stutzman: And I just wanted to add, the extended coverage program has been in effect since 2000 and it is a program that the companies agreed to as trustees. And it is really of great benefit to the industry that there is a health plan that works for a freelance industry of workers who the companies want to stay in this industry to come up with the next great hit and be available for work. And so the plan was designed with the idea that you can have periods of lack of work in your career, and you can earn points to help get you through that. And of course, in a contraction, you have sort of a crisis because of the pullback in spending. I think it’s just important to remember how critical a benefit this is and it’s something that the companies as management trustees of the fund designed together with the union.

    Just on the face of it, the numbers are quite severe and worse than it was in 2017.

    Stutzman: There is a need more for more money. Health care inflation is a thing. There’s more writers on the plan than at that time. So yes, we’re going to be looking for a larger amount of money from the companies than we were in 2017.

    Mulroney: And there are things that they can do, like for example, in the contribution caps — some of those have been in place for 20 years, and they’ve refused to move on those. And that’s obviously deprived the fund of millions of dollars every year. Their contributions on residuals is really important, too. In TV, they’ve been contributing for many decades on residuals. But they don’t contribute anything to the fund on features residuals. And that really needs to change.

    I wanted to move on to AI and bring and bring John into this. I know you were very early on this topic. The guild was early on this in terms of addressing it in 2023, but I think you were even earlier than that in terms of investing in this Sudowrite company. So I just wanted to get your overall sense from that starting point — How do you think AI has played out? It feels like it’s been kind of a disappointment in terms of it actually being useful to anything in screenwriting. But I’m curious what you make of it.

    August: In 2023 we were the first union to seek and ultimately win fundamental protections for our work when it comes to AI, and those protections have held up really well. We don’t see the companies trying to use AI systems to replace us. And we have no counterfactual — we can’t know what they would be trying to do if we hadn’t put in place those protections. But we’re happy to see those protections have held up well, and so we were the right union at the right time to take on this fight. And I’m glad we were able to win those protections.

    As far as you’re aware, does AI do something that writers find useful?

    August: As we talk to our members, we don’t see our members using AI to do their work. As we have our required meetings with the studios where we ask them questions about how they are using AI, we don’t find them using AI in ways that are a direct threat to our employment. Where we do see the companies using AI is largely in the things that are visible to everybody, like tile recommendations on their streaming services. We see them using it in post-production and visual effects, but not the kind of work that writers are doing.

    Disney had this deal with Sora that they announced last fall, and the union expressed some concern about that. Does any of that step on the WGA’s turf?

    August: Obviously it’s the studios who own the copyrights on this material. If they make our scripts into a movie or TV show, they own it, and they can license it. And the principle of our MBA is that when the work that we’ve created is exploited by our employers to make other things — when they’ve derived other work from it — we get a share of that. And one of our goals in this negotiation is to make sure that if employers are using material that guild members wrote to create AI-generated outputs, they must compensate us for that.

    On the copyright question, the studios and the guild, I think, are on the same page. They have gone after Google and other companies for training on their data. So it feels like you should be aligned to some degree on this.

    August: In many ways, our interests are aligned. We both publicly and privately, have urged the studios to protect their copyrights on the work that we created, and if they are able to do so and to license and make money off it, we believe that that some of that money needs to come back to us, just as with any other reuse of our material.

    In terms of being compensated for training, the pushback from the AI industry on that has been that it would be an administrative headache, and that any compensation would be pennies.

    August: I’ll say that if the companies are able to license their material to an AI company to create AI outputs, they clearly know that that material is going in there, and therefore they can also figure out how much of that should be going back to the writers who created that material the same way they did with DVDs and with other things we’ve classically gotten payments on. There’s ways to figure this out.

    I wanted to move on to free work. In 2023 you got the guaranteed second step — that’s for feature writers. That’s a big deal. Is the same problem cropping up in TV? And does it have the same sort of hurdles in resolving it, in that sometimes writers are open to doing additional drafts because they want to make it better, or they want to give it a better shot of actually being produced?

    Mulroney: The unfortunate reality is that a lot of the worst free work practices in features have now migrated into television.

    Sanchez-Witzel: It’s a major problem on the TV side, especially because development has no calendar anymore. So we need to protect writers working on pilots from being held exclusive and unable to find other work for long periods while these companies take their time making decisions.

    August: On the feature side of this, so often the free work is coming not from the studio, per se, but from the producer. And that’s why one of our proposals in this negotiation is that producers need to be designated as agents of the company, so that if they are requesting additional material, that material is paid.

    So in effect, if you turn the script into your producer, it’s as though you turned it into the studio and that is the end of the project.

    Mulroney: Correct.

    August: Absolutely. Delivery is delivery.

    This has been an issue for 35 years at least. Do you have a feeling like the guaranteed second step has solved some of that in features?

    Mulroney: Yes. For sure. I’ve gotten a lot of outreach from members since ’23 just saying how important that second step was for them in order to be able to avoid that free draft that they would inevitably be asked to do, and also just to give them a chance to collaborate with and impress their employer by showing more work. And you know, we’ll be looking to expand on the guaranteed second step provision in this negotiation, so it covers more writers.

    On streaming residuals and specifically the bonus system. That was sort of — ‘Let’s get the structure, and then we’ll see how it goes.’ So how did it go? Did did you get the money that you expected to get?

    Stutzman: It was a great outcome in 2023 to get the companies to factor in viewership in paying for some sort of measure of success for films and series made for streaming. And that was one of the holdouts at the end, and what took so long in the strike. Writers have always participated in the success of their work, and bringing the framework to streaming was so important. I think it’s been a very welcome addition for writers who’ve received the bonus and it’s grown year over year. But we’re going to come into this negotiation and look to improve it in different ways — increase the amount and increase the number of projects that would qualify for it.

    The representation that the studios made at the time was, ‘We think about 25% of these shows will qualify for this.’ You have the data now. So did it?

    Stutzman: I don’t know the percent off the top of my head, but it’s done well for writers, I will say, particularly on Netflix.

    It does feel like we almost need two different negotiations, because it’s like Netflix and then everybody else — in terms of who’s doing well and who’s not doing so great.

    Stutzman: I wouldn’t say that. But I would just say, they make a lot of streaming series and have a lot of viewers, and so they they’ve done well. But I wouldn’t say, across the platforms, it’s a tale of two starkly different industries.

    Big picture, it feels like the thing that people most want to talk about is just that there’s not a lot of work, right? And there’s not really a negotiating proposal you can make about that. But it does feel like it influences the atmosphere around the negotiation. It influences how much money is in the health fund. But also, do you not have as much leverage as you would have in a year when it was going gangbusters?

    Mulroney: Even with the contraction, all of the scripted entertainment in this business is written by our members. So that’s where our power lies. No matter what the number of shows or movies — we write them all. So that leverage is not diminished by the contraction numbers. And I think we’ve demonstrated over many, many cycles that we will fight when necessary. And we’re hoping the companies come to the table this time, willing to make a fair deal and realizing that’s in everyone’s best interest, especially in a time of contraction and transition to the industry, that stability would be great for everyone. But I think you know that we’re not a union that gives away our power.

    Sanchez-Witzel: This negotiation is coming after the 2023 strike, where it took the companies 148 days to realize that they could negotiate a fair deal that addressed the very real needs and concerns of the writers who make this industry possible. So, we sincerely hope that the lesson learned from 2023 is to come to the table to bargain a fair deal from the beginning.

    A spokesperson for the AMPTP issued a statement in response.

    “The AMPTP looks forward to engaging in a constructive and collaborative bargaining process with the WGA. Through continued good-faith dialogue, we are confident we can reach balanced solutions that support talented writers while sustaining the long-term success and stability of our industry and its workforce.”

    This interview has been edited for length and clarity.

  • Metadata company Gracenote is the latest to sue OpenAI for copyright infringement

    AI companies have been spending a lot of time in court arguing copyright cases over the past year and the latest plaintiff is Gracenote, the metadata company owned by Nielsen. Axios reports that Gracenote is suing OpenAI for the unauthorized and unpaid use of both its metadata and its framework for connecting that information.

    Gracenote specializes in entertainment metadata, creating descriptions and identifiers for content that clients such as TV providers use to help their own customers with discovery. Most of the lawsuits against AI businesses have focused on the content used to train LLMs, but the Gracenote case brings an extra layer with the alleged infringement of the structure or sequence for a dataset in addition to the actual data.

    “Defendants could have paid Gracenote to license its valuable Gracenote Data. Or they could have sought to train and ground their models only on information in the public domain. They did neither. Defendants instead improperly copied and used Gracenote Data to create their own commercially valuable AI products, all without paying a dime,” the complaint states. The company claims that its previous attempts to work with OpenAI for a licensing agreement were rebuffed or ignored. Gracenote has recently inked deals to back AI ventures from other companies, including Samsung and Google.

  • Social Security watchdog investigating claims that DOGE engineer copied its databases

    The inspector general’s office of the Social Security Administration is investigating allegations of a security breach by a member of the so-called Department of Government Efficiency operation spearheaded by Elon Musk. A whistleblower has claimed that a former software engineer from DOGE said he possessed two databases from the SSA, “Numident” and the “Master Death File.” The person reportedly asked for help transferring the databases from a thumb drive “to his personal computer so that he could ‘sanitize’ the data before using it at [the company],” an unnamed government contractor where he is currently employed. Those databases include personal information about more than 500 million living and deceased Americans.

    The Washington Post reported that the whistleblower complaint was filed with the inspector general in January. “When The Post contacted the agency and the company in January, both said they had not heard of the complaint. Both said they subsequently looked into the allegations and did not find evidence to confirm the claims,” the publication said. It is unclear why the complaint is now being investigated and neither party offered comment this week for The Post‘s article. The SSA watchdog informed both members of Congress and the Government Accountability Office of its investigation.

    These allegations follow a different whistleblower complaint filed last August about DOGE access and mishandling of data from the SSA. Charles Borges, former chief data officer at the agency, claimed that a SSA database was stored in an unsecured cloud environment. “This is absolutely the worst-case scenario,” Borges told The Post of the latest claims. “There could be one or a million copies of it, and we will never know now.”

  • Markets tread water as investors brace for inflation data

    Markets tread water as investors brace for inflation data

    The entire financial market spent Tuesday doing its best impression of a doctor’s waiting room. Everyone sat still, no one made eye contact, and the only real activity was nervous fidgeting over what comes next.

    US equities barely registered a pulse. The S&P 500 dipped 0.2%, oil prices couldn’t decide whether to surge or collapse, and crypto — somewhat surprisingly — caught a mild bid. Bitcoin edged past $70K, Ethereum held above $2K, and the broader digital asset market drifted higher even as traditional finance stayed frozen in place.

    What the numbers actually say

    Here’s the scorecard. Bitcoin gained 1.4% over 24 hours and 2.6% on the week, trading just above the $70K level that has become its psychological floor. Ethereum added a modest 1.0% on the day, holding comfortably above $2K. Solana ticked up 0.6%, trading near $86, and $XRP sat around $1.39.

    Those are not the kind of moves that make anyone rich overnight. But in context, they’re noteworthy.

    The crypto Fear and Greed Index, which measures market sentiment on a scale of 0 to 100, currently reads 15. That’s “Extreme Fear” — the kind of reading you typically see after a major crash or during prolonged uncertainty. Last week it was even lower, at 10.

    To put that in perspective, the index hit similar levels during the FTX collapse in November 2022 and the Terra/Luna implosion earlier that year. The fact that Bitcoin is trading near $70K while sentiment sits at crash-era lows is a disconnect worth paying attention to.

    In one oddly specific corner of the market, the top-performing crypto category over seven days was US Treasury-backed stablecoins, which surged 39.1%. In English: investors are parking money in the digital equivalent of government bonds. That’s not exactly a vote of confidence in risk-taking.

    Why everyone is staring at the CPI report

    The Consumer Price Index report is one of the most closely watched economic releases in the US. It measures how fast prices are rising for everyday goods and services — food, rent, gas, the stuff people actually buy.

    Why does it matter so much right now? Because the Federal Reserve uses inflation data to decide whether to cut, hold, or raise interest rates. And interest rate expectations drive virtually everything in both traditional and crypto markets.

    If CPI comes in hotter than expected, it signals inflation is stickier than hoped. That makes rate cuts less likely, which tends to hurt risk assets like stocks and crypto. The logic is straightforward: higher rates mean money is more expensive to borrow, which means less capital flowing into speculative investments.

    If CPI comes in cooler, the calculus flips. Lower inflation gives the Fed room to cut rates, which historically acts like rocket fuel for asset prices across the board. Bitcoin’s biggest rallies have often coincided with periods of monetary easing or the expectation of it.

    The market’s paralysis on Tuesday was essentially a collective refusal to place bets before seeing the data. Traders have been burned enough times by surprise inflation prints that they’d rather sit on their hands than guess wrong.

    Adding to the tension, geopolitical uncertainty continues to simmer. Oil prices have been swinging between record highs and sharp pullbacks, a pattern that typically injects volatility into inflation expectations. Higher oil means higher transportation and production costs, which can push CPI readings higher even if underlying demand is softening.

    What this means for crypto investors

    Here’s the thing about crypto trading at these levels during extreme fear: it creates an asymmetric setup. The sentiment is priced for disaster, but the actual price action hasn’t followed suit.

    Bitcoin holding above $70K while the Fear and Greed Index reads 15 suggests that the sellers who wanted out have mostly already left. The remaining holders are either long-term believers or institutions with mandates that don’t change based on weekly vibes. That kind of base can be surprisingly resilient.

    The risk, of course, is that a hot CPI print triggers a genuine selloff. If the report shows inflation reaccelerating, the market’s rate-cut hopes could evaporate quickly. Bitcoin has historically dropped 5-10% on hawkish surprises from the Fed or unexpectedly high inflation data. From $70K, that would mean a potential test of the $63K-$66K range.

    On the flip side, a cool print could be the catalyst that breaks the fear cycle. When sentiment is this depressed, even mildly positive news can trigger outsized moves higher. Markets that are positioned for the worst tend to rip when the worst doesn’t materialize.

    The Treasury-backed stablecoin trend is also worth monitoring as a leading indicator. When investors rotate heavily into yield-bearing stablecoins, it often signals they’re waiting on the sidelines with dry powder. That capital doesn’t disappear — it tends to redeploy when conditions shift. Think of it as a coiled spring rather than a permanent exit.

    Ethereum’s relative stability above $2K is another data point that matters for the broader ecosystem. ETH often acts as a bellwether for altcoin sentiment. If it holds this level through the CPI release, it could provide a floor for the rest of the market. If it breaks below, expect the pain to cascade through DeFi protocols and Layer 2 tokens.

    The competitive dynamic between chains also plays into this. Solana near $86 represents a significant discount from its highs, and its ecosystem activity has remained robust even as price action stagnated. $XRP at $1.39 continues to reflect the market’s ongoing recalibration of Ripple’s position following its partial legal victories.

    For investors trying to navigate this environment, the key question isn’t whether inflation will be high or low. It’s whether the market has already priced in the worst-case scenario. With a Fear and Greed reading of 15, the argument that bad news is largely baked in carries some weight — but it’s never a guarantee.

    Bottom line: The market is in a holding pattern, and the CPI report will likely break the stalemate one way or another. Crypto’s quiet climb during peak uncertainty and rock-bottom sentiment is either a sign of underlying strength or the calm before a storm. The data drops soon. Until then, everyone waits.

    Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.