Author: rb809rb

  • Bitcoin Pulls Back to $68K Range as Short-Term Holders Offload 27K BTC

    Bitcoin Pulls Back to $68K Range as Short-Term Holders Offload 27K BTC

    • The Bitcoin price faces an intact overhead supply at $74,000 resistance, signaling the continuation of its ongoing correction.
    • Blockchain data shows over 27,000 $BTC moved to exchanges in profit within the past 24 hours.
    • The crypto fear and greed index at 18% suggest that the broader market sentiment remains strongly bearish.

    The pioneer cryptocurrency, Bitcoin, is down 3.5% during Friday’s trading market hours to trade at $68,302. The downtick coincides with U.S. market correction following a triple threat of weak labor data, surging oil prices, and escalating geopolitical tensions, including Iran. However, the Bitcoin price faces additional pressure as short-term holders rushed to book profit when the coin briefly surged above the $70,000 mark earlier this week. Is the $60,000 breakdown close?

    $BTC Faces Selling Pressure as $1.8B Profit-Taking Hits Exchanges

    On March 6th, the cryptocurrency market experienced a significant outflow, which pushed its market cap to 2.41% down to hit $2.33 Trillion. The primary catalyst fueling this sell-off includes surging oil in the broader market amid geopolitical tension in the middle east, which also raised risk-off sentiment among investors.

    The bearish momentum further accelerated as the February 2026 US nonfarm payrolls shows an unexpected loss of 92,000 jobs against the market forecast of a 50,000 gain, with unemployment steady at 4.4%.

    However, the weak job number may raise odds of Federal Reserve rate cuts, which historically triggered a recovery in Bitcoin.

    That said, the potential uptick would still struggle to sustain higher ground as STHs (Short Term Holders) are preferring to take early profits.

    On-chain metrics indicate that more than 27,000 $BTC, worth about $1.8-1.9 billion at prevailing exchange rates, have been sent to trading platforms in gains over the last 24 hours. This represents one of the more significant single-day profit outflows in recent months.

    Participants who obtained positions about one week to one month earlier are still the primary group in positive territory, with their average cost basis being around $68,000. Short-term holders, who are sometimes defined as those who are more sensitive to price action and outside sentiment, seem to prefer quick exits rather than long exposure.

    Broader market conditions, such as cautious macroeconomic forecasts and continued geopolitical developments in the Middle East, have created an environment in which near-term caution is the order of the day. Bitcoin traded in the range of $68,000 – $69,000 in the early hours of March 2026, moving back from the recent peak on the back of high volatility and renewed selling interest from this cohort.

    Bitcoin Price Reverts After Dead Cat Bounce

    In the 48-hours, the Bitcoin price is down from $73,573 to $67,753, registering a 7.9% loss. This pullback signals intact overhead supply around $74,000 and a potential bearish reversal in the daily chart.

    With sustained selling, $BTC could lose another 8% and retest the immediate support at $62,600. Since early February, the coin price has been resonating within a narrow range from $72,600 and $74,000.

    Amid this consolidation, If the sellers manage to replenish its prevailing bearish momentum, the coin price could breach the bottom support, and extend its current downtrend to $56,000.

    $BTC/USDT -1d Chart

    On the contrary, if the coin flips the overhead resistance of $74,000 into potential support, the buyers could strengthen their grip over this asset for a higher rally to $85,000 mark.

  • What Shawn Hatosy Learned About ‘The Pitt’ After Directing His First Episode

    What Shawn Hatosy Learned About ‘The Pitt’ After Directing His First Episode

    When The Pitt‘s executive producers first approached Shawn Hatosy with their pitch for Dr. Abbott’s season two arc, he balked. “There was some discussion early on when I joined the show about how maybe Abbott would come back full-time in season two, so I was eagerly awaiting the news,” he explains. “And then they came back to me to suggest that he’s in the E.R. in the middle of the season and I was like, what does that mean? Why am I coming in the middle? Am I dying? Am I coming in on a gurney?”

    The actor came around quickly once the creators explained that they were going to have Dr. Abbott serve as part of a SWAT team. “I loved the idea,” he added.

    Hatosy is currently in Toronto filming his next project, the FX limited series Cry Wolf, alongside Olivia Colman, Brie Larson, showrunner Sarah Treem (The Affair) and director Anne Sewitsky. He can’t say much about the series yet, outside of teasing that it’s “one of the best scripts” he’s ever read and that it is the sort of narrative that constantly leaves the viewer off balance. The actor is also looking forward to meeting more fans of The Pitt than on his last trip to the country. “Animal Kingdom is huge in Canada, I think it must have been on during COVID or something,” he says. “When I was here during the summer, I couldn’t walk to the elevator in my hotel without somebody being like, ‘Oh my God, you’re Pope.’”

    Below, he takes a break from set to break down season two, including his The Pitt directorial debut.

    Let’s start with Abbott’s SWAT storyline. When does this man sleep?

    I guess he doesn’t. He has his days free and he does all this stuff. I think he’s very lonely and just trying to figure out things to keep him occupied. I really love how he brings up the therapist, because he misses the point in such a big way. I remember having a conversation with my therapist when I gave up drinking, and I was like, I need something. I found tennis through that session. So I can imagine Abbott having a similar conversation, and he probably went and tried to play golf and it was not his thing so he decided to join the SWAT team.

    Without giving anything away, I’m curious if, when you were learning about this season’s arc, you thought Robby was actually going to go on his motorcycle trip?

    I did. I was disappointed because I thought it was so clear to Abbott through the mass casualty event what his purpose was. Even though he’s a bit confused about how to live that out, because he’s doing SWAT, he’s still trying. I guess this is Robby’s version of self-reflection, but no-helmet motorcycle-riding… it’s disappointing.

    Have you ever or will you ever ride a motorcycle?

    No. I love the idea of it, but I don’t trust other people. I like to ride a bike, and then when we were shooting the roof scene in season one, that was a functional hospital. We had to stop probably 12 times throughout filming because helicopters were coming in, and our technical advisor was like, yeah those are all bike and motorcycle injuries. It was just like, well, fuck.

    Did you notice an immediate shift after the success of the first season of The Pitt? Did your phone start ringing more?

    I guess the phone was ringing. The way I was getting the at-bats was different. The self-tape request would come, and I don’t love to do self-tapes anyways because you’re often guessing at what they want. After some of the success of The Pitt, I was getting into meetings with casting directors rather than having to provide a self-tape. I don’t think Ready or Not 2 would have happened — they were big fans of The Pitt. I was unfamiliar with the first movie, so when [the script] arrived, I was like, what is this? But I was immediately taken with its dysfunction. It was disturbing and hilarious.

    You really engage with the fandom in a way that feels unique. Do you remember the point at which you realized viewers of the show were becoming quite rabid?

    I don’t think I understood it as it was happening. I’m certainly somebody that was online and paying attention to stuff, but I wasn’t on TikTok. But then I would see these edits come through, and the comments. Our fan base is so forensic, and they look and read into everything. Around the Emmy nominations, I could sense that it was taking on something totally different. Then Animal Kingdom started streaming on Netflix, and it was the confluence of those two things that made me really pay attention to what people were saying.

    Have you ever felt shy or embarrassed by the attention that is being directed specifically towards you, and often specifically about you being hot? I’m thinking about the reaction to Abbott’s shirtless scene, or even the reaction to the news that he would have a shirtless scene.

    I try to never take any of it seriously. Yes, that episode really blew up and it’s weird. Certainly, it creates these lines where things can get a little complicated, like if I’m out in public with my family. I don’t want to be the guy who isn’t taking the picture with the fans because I know that it means something to them. Especially when I’ve talked to fans who are really moved by the show, I’ve had people say they were struggling and then watched Abbott not jump [off the roof]. But then when it comes to me and my pasty, flabby back out in the world, yeah, it can get a little weird. I just try and enjoy it.

    You directed episode nine; did that come out of those same discussions about Abbott having a bigger role this season?

    Well, because I’ve worked with John [Wells] for a number of years, I’m always throwing my name out there. I remember last year we were shooting episode 15 and John was directing. Abbott had so much medical [dialogue] that episode — and I’m not Noah, OK? He’s very good at looking at that day-of and just being able to do it. Like Laurence Olivier. I take a lot of repetition and preparation. So anyways, in between takes, John was like, “Would you want to direct this show?” I’d just directed Rescue High Surf, another one of our shows, and it had just aired, so he was asking me if I’d want to do it again and on this show. I was like, I don’t know if I can do Abbott and be a director at the same time. And then I went home that night and thought, Did I just talk myself out of a job? So I made sure to call him and say, “I didn’t mean that I don’t want to direct period.” And then I think in season two, somebody ended up not being able to do it, and I was able to step in.

    Did everything go smoothly?

    No. (Laughs.) There were some changes in the script early on, and it caused a whole trauma to be moved into the episode. And Isa had appendicitis, and she had a lot in the episode, so we shot out of order for basically the first time so that we could put her stuff at the end. Also, the first thing that John’s office said to me when they called me about this is, “We want you to direct but we want you to know that Abbott’s in the episode.” And it was fine, because Abbott isn’t in it a lot. I don’t know how Noah did it [in episode six]. The scene I was most anxious about was filming outside; it was an exterior, and I had Howard with the oxygen on his face and he’s talking through the iPad to his sister on a FaceTime on the screen, and I’m in the scene.

    Was that actress actually on FaceTime, or is that done in post?

    We built a little room in the hospital, and the actress was there that day. We had her on the phone and we were able to do it live. Usually, you’d have a script supervisor read those lines and then we would burn in that image on the phone.

    Did you solicit any advice?

    Noah directed episode six, so he was editing and finishing it at the time. The thing about our show is that our scripts are dense. There’s a lot of pages, and we fly. The dialogue moves very fast, and so much of the show is transitioning from scene to scene in a continuous way. So you can create really beautiful transitions but if the show is long, those are the first things that are going to be cut. I had a couple that I thought were indefensible. I thought they were bulletproof. That they can’t cut them. And of course they did. The episode was very specifically written to start on [with] Robby and Dana at the hub, watching the madness, and then they share a look and she walks over to the bell and starts ringing it. So I created this very cool shot where I was over Robby, looking at the hub, hearing it and it rotated around him and found them both. I loved it, I thought it was the coolest thing ever, and then after the producers got done with the cut, it started with her walking to the bell. I was like, damn it. (Laughs.)

    Can fans expect another Abbott-themed playlist for season two?

    I was actually just thinking about this. I will do it for sure, because it seemed to be very popular in season one. I like to feed the fans.

  • Noma Star Chef Rene Redzepi’s Abusive Tactics Resembled Those of a Cult Leader

    Noma Star Chef Rene Redzepi’s Abusive Tactics Resembled Those of a Cult Leader

    On the eve of its $1,500-per-person Los Angeles pop-up, which starts Mar. 11, Noma — often ranked the world’s top restaurant — has been exposed as a creative institution that built and sustained its reputation on physical and psychological workplace abuse. The New York Times investigation, published Mar. 7, came as no surprise to the fine dining world. Star chef Rene Redzepi’s misconduct had long been an open secret. In fact, he’d himself disclosed more than a decade ago in an essay that he’d “yelled and pushed people” at Noma, explaining, “I’ve been a bully for a large part of my career.”

    The revelations detail how Redzepi would assault and degrade employees in the pursuit of his exacting standards. This included punching underlings, striking them with kitchen implements and slamming them against walls — as well as threatening, according to the Times, “to use his influence to get them blacklisted from restaurants around the world, to have their families deported, or to get their wives fired from their jobs at other businesses.” The chef has since apologized.

    What’s most telling is how Redzepi enacted a collective punishment theater at his restaurant in Copenhagen, which is known for revolutionizing Nordic cuisine with its emphasis on foraged ingredients and innovative fermentation techniques. His staff was forced to witness degradations against employees he believed had failed him. This complicity ritual — common in gangs, cults and other authoritarian organizations — lessens the likelihood of dissent.

    I’ve long covered fine dining for The Hollywood Reporter. Yet Redzepi’s dark dynamic with his mistreated acolytes brings most to mind my experience over the years investigating L.A.’s toxic high-control groups, in which charismatic, visionary leaders — of an acting conservatory, a fitness studio, a personal-growth workshop — have wielded unimaginable power over followers to devastating effect. Like Noma, they’re hermetic subcultures in which dreams of ascension and perfection often instead turn into unintended nightmares.

    The restaurant industry is known for its normalized cruelty and casual nihilism. Anthony Bourdain wrote multiple bestselling books about it, and FX’s acclaimed The Bear is an exploration of the consequences. But the singular dilemmas of its fine dining realm, with Noma as Exhibit A, are perhaps best understood not within the context of hospitality. Instead, the better analogue is arthouse filmmaking.

    Both scenes exploit the desire for — and peril of — prestige. These hothouses draw an inexhaustible supply of idealistic pilgrims who’ve chosen to forego more stable and remunerative career paths in pursuit of the high-wire act that is a meaningful creative life. The vicious crucibles they then encounter are all too often rationalized as just another step along their hero’s journey of sacrifice on the way to hoped-for success. In other words, this makes them easy pickings.

    In recent decades, Hollywood has romanticized haute cuisine — its aesthetics, personalities, strictures, ingenuities, excesses — in everything from Bravo’s long-running competition Top Chef and Netflix’s hagiographic Chef’s Table to the satirical but still adoring horror-comedy film The Menu. In each project, there’s an understanding that what sets fine dining apart from all other dining is that it’s a conscious performance. Those tasting menus are the original binge entertainment.

    Wolfgang Puck, the industry’s favorite chef, famously pioneered the open kitchen in high-end restaurants nearly a half-century ago at Spago. This act turned diners into spectators within a stage set where the chef is the star.

    Several of Redzepi’s employees described how he subverted Noma’s own open kitchen, which was an outward display of masterful technique and mindful professionalism. While they prepared dishes in view of the dining room, he crouched out of sight below the counters, jabbing his charges in the legs.

    Redzepi closed the original Denmark location of Noma a few years ago, citing its unsustainable financial model, which relied on the unpaid labor of many of the lowliest of those pilgrims, who’ve now been revealed as abused. Since then, it’d been refashioned as a mobile global brand, propelled by what was until now his exalted public reputation.

    It’s unclear whether Redzepi’s misconduct will hurt him and Noma. After all, if nothing else, he’s a nimble performer: virtuoso kitchen genius, community-minded symposium guru, contrite artiste. There are few others in fine dining with his range. Now we’ll see if he can pull off a villain arc.

  • Coinbase Debuts Crypto Futures for European Traders, Including Bitcoin and Ethereum

    Coinbase Debuts Crypto Futures for European Traders, Including Bitcoin and Ethereum

    In brief

    • Coinbase rolled out futures trading across 26 EU countries for the first time.
    • Products include perpetual futures, dated contracts, and Mag7 + Crypto Equity Index Futures.
    • Kraken and Crypto.com already launched similar offerings in May 2025.

    Coinbase launched futures contracts for traders across Europe, marking the first time the exchange has offered regulated crypto derivatives directly to users in the region.

    The products are being progressively rolled out through Coinbase Advanced in 26 European countries, including Germany, France, and the Netherlands, offered through its MiFID II.

    A license through Markets in Financial Instruments Directive, or MiFID, grants firms permission to offer traditional financial products like stocks, bonds, derivatives, and similar products to EU customers. Although Coinbase is a crypto exchange and offering crypto-based derivatives, those contracts still fall under MiFID.

    Coinbase said in its blog post that the offering will give European traders a regulated alternative to the offshore platforms many have historically relied on for crypto derivatives.

    The new product suite includes perpetual-style futures and dated contracts with monthly or quarterly expirations. The perpetual-style contracts carry five-year expiries, while the lineup also features an equity-index product called the Mag7 + Crypto Equity Index Futures, which combines exposure to the Magnificent Seven tech stocks with crypto-linked equities and BlackRock iShares ETFs tied to Bitcoin and Ethereum.

    Leverage of up to 10 times is available on selected contracts such as Bitcoin and Ethereum, with fees as low as 0.02% per contract. Accounts can be funded in euros or USDC.

    Coinbase was recently selected as one of two custodians for Morgan Stanley’s upcoming spot Bitcoin ETF. The company would custody the fund’s assets along with BNY, the bank said in an amended S-1 registration filed with the SEC.

    Coinbase will have some crypto-native company in the European derivatives space. Both Crypto.com and Kraken rolled out their own offering sin May 2025.

    Just last month, Coinbase repoorted at Q4 earnings miss with a $667 million loss while the price of Bitcoin slid late last year.

    Coinbase said the loss stemmed from a $718 million decrease in the value of its investment portfolio, which was largely unrealized. At the same time, strategic investments, including in Circle, lost $395 million in value.

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  • Sharplink Posts $734 Million Loss as Ethereum Staking Revenue Soars

    Sharplink Posts $734 Million Loss as Ethereum Staking Revenue Soars

    In brief

    • Sharplink disclosed a full-year loss of $734 million, driven by a decrease in the value of its Ethereum holdings in the second half of the year.
    • The company generated $28 million in revenue for the fiscal year ended in December, mostly from staking.
    • CEO Joseph Chalom argued that the company has been built in a way to weather market cycles.

    Sharplink reported a full-year loss of $734 million on Monday, indicating that its business came under pressure as Ethereum’s price tumbled last year.

    In 2024, the firm notched $10.1 million in profits, before pivoting away from sports gambling marketing to become Ethereum’s second-largest corporate holder.

    The Miami-based firm currently owns 867,000 Ethereum. That sum was valued around $1.75 billion on Monday, with Ethereum changing hands around $2,000, according to CoinGecko. The company’s holdings are only second to BitMine Immersion Technologies’ $9 billion stockpile, overseen by Fundstrat’s Tom Lee.

    Sharplink attributed the performance to a decrease in the value of its holdings, which fell $616 million throughout the year. The loss was bolstered by a $140 million impairment charge on tokens representing staked Ethereum. That was partially offset by a $55 million net gain on conversions between the company’s holdings and such tokens.

    Although Sharplink’s treasury took a hit, the company signaled that revenue from staking jumped 50% quarter-over-quarter to $15.3 million from $10.3 million. So far, the company has generated 14,500 Ethereum worth $9.4 million from staking.

    “2025 was a defining year for Sharplink,” CEO Joseph Chalom said in a shareholder letter, noting that the company raised around $3.2 billion amid its pivot.

    The former BlackRock executive said “short-term market volatility” can impact the company’s results, but he argued that the firm is built in a way to weather crypto’s market cycles, including Ethereum’s swoon from nearly $5,000 in August.

    “We have built a platform that can perform in both strong and challenging markets,” he added. “Our strategy is consistent and designed to endure.”

    At the end of last year, the company held $30.4 million in cash and stablecoins.

    Sharplink shares were little changed on Monday at $7.41, according to Yahoo Finance. Over the past six months, the company’s stock price has dropped 55%, slightly outpacing Ethereum’s 53% fall over the same period of time.

    Sharplink seeks revenue by participating in the process of validating transactions on Ethereum’s network, also known as staking. Beyond that, the firm has also deployed capital in decentralized finance protocols in search of higher yields.

    The company currently holds 4 ETH per share. Sharplink has signaled boosting that metric further serves as its primary objective, among others like expanding partnerships within Ethereum’s ecosystem.

    Consensys CEO and Ethereum co-founder Joe Lubin, who serves as Sharplink’s Chairman, underscored the importance of Ethereum’s ecosystem amid the institutional adoption of stablecoins and tokenized assets.(Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.)

    “The institutional adoption supercycle […] accelerated in 2025,” he said. “Sharplink intends to remain uniquely positioned to serve as a bridge between traditional public markets and the Ethereum opportunity.”

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  • US military kills six in strike on alleged drug boat in the Eastern Pacific

    US military kills six in strike on alleged drug boat in the Eastern Pacific

    The US military claims six men killed in a strike on a suspected drug-smuggling boat in the eastern Pacific Ocean.

    The United States military says it has killed six men in a strike on an alleged drug-smuggling vessel in the Eastern Pacific Ocean as part of a campaign against traffickers.

    The attack on Sunday brought the death toll to at least 157 people since early September when President Donald Trump’s administration began targeting those it calls “narcoterrorists” in small vessels.

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    “Intelligence confirmed the vessel was transiting along known narco-trafficking routes in the Eastern Pacific and was engaged in narco-trafficking operations,” General Francis Donovan, commander of US Southern Command, posted on X with a video showing a small boat being blown up as it floated on the water.

    As with most of the military’s statements on the more than 40 known strikes in the Eastern Pacific and Caribbean Sea, US Southern Command said it targeted alleged drug traffickers along known smuggling routes. The military did not provide evidence that the vessel was ferrying drugs.

    Trump has said the US is in “armed conflict” with cartels in Latin America and has justified the attacks as a necessary escalation to stem the flow of drugs into the US. But his administration has offered little evidence to support its claims of killing “narcoterrorists”.

    In a meeting with Latin American leaders on Saturday, Trump encouraged them to join the US in taking military action against drug-trafficking cartels and transnational gangs, which he said pose an “unacceptable threat” to the region’s security.

    To that end, Ecuador and the US conducted military operations this past week against organised crime groups in the South American country.

    With Saturday’s gathering, Trump aimed to demonstrate that he remains committed to focusing US foreign policy on the Western Hemisphere, even while waging a war on Iran that has had repercussions across the Middle East.

    Critics have questioned the overall legality of the boat strikes as well as their effectiveness, in part because the fentanyl behind many fatal overdoses is typically trafficked to the US over land from Mexico, where it is produced with chemicals imported from China and India.

    The boat strikes also drew intense criticism after the revelation that the military killed survivors of the very first boat attack with a follow-up strike. The Trump administration and many Republican lawmakers said it was legal and necessary while Democratic lawmakers and legal experts said the killings were murder, if not a war crime.

    On Thursday, US Defense Secretary Pete Hegseth said the campaign to hunt down boats allegedly bringing drugs from South America had been so successful that it was now hard to find targets.

  • US senators demand probe into ‘appalling’ attack on girls’s school in Iran

    US senators demand probe into ‘appalling’ attack on girls’s school in Iran

    Top Democratic senators in the United States have called for an investigation into the strike against a girls’ school in southern Iran, saying that the Pentagon must “provide clear answers” about the incident that killed at least 170 people.

    Six lawmakers said in a joint statement late on Sunday that they are “horrified” by the bombing of the elementary school in Minab during the opening US-Israeli strikes against Iran on February 28.

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    “The killing of school children is appalling and unacceptable under any circumstance,” said the senators who serve as the top Democrats on national security panels.

    The push comes as new footage of the attack suggested that the site of the school was likely hit by a Tomahawk missile – a weapon used by the US that Israel and Iran do not possess.

    The bombing of the elementary school in Minab has become emblematic of the growing civilian death toll from the conflict.

    Iranian officials have said that US and Israeli strikes have damaged other schools as well as dozens of medical centres, residential buildings, street markets, a water desalination plant and other civilian targets.

    US and Israeli attacks have killed 1,255 people – mostly civilians – in Iran since the start of the war, according to Deputy Health Minister Ali Jafarian.

    “They were living in their homes or [were] at their workplace,” the health minister told Al Jazeera in a TV interview.

    Hegseth on rules of engagement

    In their statement, the US senators noted that Pentagon chief Pete Hegseth has openly boasted about loosening the rules of engagement in the attacks against Iran to allow US forces to bomb the country with little restraint.

    “Secretary Hegseth needs to ensure the Department of Defense’s ongoing investigation into this strike is thorough, including whether any policy decisions may have contributed to the catastrophe, and provide clear answers to the American public and Congress about how and why this tragedy unfolded,” they said.

    The legislators – who include Brian Schatz, Jeanne Shaheen, Jack Reed and Elizabeth Warren – said the “incident and any like it must be fully and impartially reviewed”.

    Last week, Hegseth told reporters that US jets are unleashing the “most lethal” strikes on Iran with “maximum authorities”.

    “No stupid rules of engagement, no nation-building quagmire, no democracy building exercise, no politically correct wars – we fight to win, and we don’t waste time or lives,” he said on March 2.

    Days later, Hegseth emphasised that the rules of engagement are meant “to unleash American power, not shackle it”.

    Despite mounting evidence and multiple visual investigations by news outlets suggesting that the strike on Minab was carried out with US weapons, US President Donald Trump has accused Iran of bombing the school.

    “In my opinion and based on what I’ve seen, that was done by Iran,” Trump said last week.

    For his part, Hegseth has stopped short of echoing the US president’s claim, stressing on multiple occasions over the past days that the Pentagon is investigating the incident.

    ‘US needs to stop focusing on denial’

    Annie Shiel, US director at Center for Civilians in Conflict (CIVIC), said there have been numerous incidents in recent years where the US “reflexively” denies civilian harm “only for investigations by the media, civil society, and the US military itself to prove otherwise”.

    In 2021, the Pentagon initially denied killing civilians in a strike during the withdrawal in Afghanistan, calling the attack a “righteous” one that targeted ISIL (ISIS).

    But weeks later, it acknowledged that the attack was a “tragic mistake” that killed 10 people, including seven children, after independent investigations confirmed the identities of the victims.

    Shiel said the Trump administration is treating the “devastating” strike in Minab like a public relations issue.

    “The US needs to stop focusing on denial and get to the truth about what happened and why through a thorough, transparent, independent investigation,” Shiel told Al Jazeera.

    On Friday, United Nations experts condemned the Minab attack as a “grave assault on children”.

    “An attack on a functioning school during class hours raises the most serious concerns under international law and must be urgently, independently, and effectively investigated, with accountability for any violations,” they said.

    “There is no excuse for killing girls in a classroom.”

  • Vienna-based Startup Launches AI Pipeline Builder for Gaming Studios

    Vienna-based Startup Launches AI Pipeline Builder for Gaming Studios

    In brief

    • Atlas has launched AI agents that build 3D and other assets for game studios.
    • The platform has moved from closed beta to global availability on Google Cloud Marketplace.
    • CEO Ben James said AI should automate technical tasks rather than replace artists.

    Vienna-based startup Atlas announced on Monday the launch of a new AI tool to automate the game development process, as game developers increasingly turn to the technology. 

    The new Atlas AI Studio uses multiple AI agents to automate tasks such as generation, texturing, optimization, and engine integration, allowing artists to describe tasks in natural language. At the same time, the system builds the assets using different AI models.

    “What we’ve built now, and what we are releasing, is an agentic kind of workflow builder,” Atlas founder and CEO Ben James told Decrypt. “What it does is you’re able to describe what you’re looking to build. It will go ahead and assemble a combination of different AI models to make that.”

    Atlas AI Studio is now moving from closed beta to global availability through Google Cloud Marketplace. Studios including Square Enix, PARALLEL, and Ego have used the system during the beta, Atlas said. 

    The launch comes as developers continue to experiment with AI across game production, while players continue to push back against its use. James argues that despite the negative view of gamers towards AI, its benefits are often overlooked.

    “I think oftentimes what’s not appreciated is AI can do a lot of the non-creative aspects of game development,” James said. “Think of generating different levels of detail for an object that’s created by a human artist, but for a game to run effectively, it still needs different levels of detail, or optimizing material builds for different objects, or setting up collisions and pivot points. There’s a lot of work that AI can do in this space.”

    In 2023, Cyan Worlds faced criticism after players discovered its adventure game, Firmament, used AI-assisted content, while voice actors protested the use of AI-generated voices in the shooter The Finals

    The debate has prompted some companies to publicly reject the use of AI. In January, Warhammer 40K maker Games Workshop said it would not use generative AI in its creative design process.

    James said much of the criticism centers on visible AI-generated art rather than the technical work required to prepare assets for games.

    “I don’t think a gamer would have that sort of visceral reaction to knowing  AI was used so that this game could run in a more performant way, or that these assets could be used in a more optimized setting,” James said.

    Copyright concerns remain central to the debate over AI in the gaming industry. James said responsibility lies with the developers using the technology.

    “The onus still, to some extent, when you’re creating with AI, does fall on the creator,” James said. “So, you shouldn’t introduce IP into the system that you don’t have ownership or authority to introduce into the system.”

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  • Nasdaq Partners With Kraken for Tokenized Stocks, Launching 2027

    Nasdaq Partners With Kraken for Tokenized Stocks, Launching 2027

    In brief

    • Nasdaq is partnering with Kraken parent company Payward to develop tokenized equities, built atop its xStocks framework.
    • The initiative aims to “modernize processes” including corporate actions, shareholder engagement and proxy voting.
    • The move comes amid a wider push towards tokenized stocks in the TradFi world from players such as the NYSE.

    Nasdaq is partnering with Payward, the parent firm of crypto exchange Kraken, to develop tokenized equities that will enable “programmable investor engagement,” the exchange announced Monday.

    Set to launch in the first half of 2027, the initiative aims to “modernize processes” including corporate actions, shareholder engagement, and proxy voting, Nasdaq stated in a press release. Tokenized shares would afford the holder “full legal and regulatory equivalence,” with a transfer of the token representing a transfer of the underlying security, it said.

    The exchange added that the plan builds on its tokenization proposal filed with the SEC last year, which aimed to give customers the option to trade securities via traditional digital representation of ownership, with or without blockchain backing.

    In a separate release, Payward explained that it would develop an “equities transformation gateway” with Nasdaq built atop its xStocks framework, enabling customers “in jurisdictions around the world where xStocks are available” to trade tokenized versions of public company shares.

    “This issuer‑sponsored approach for tokenized equity securities is designed to empower public companies and enhance global accessibility to U.S. equity markets, ”said Nasdaq President Tal Cohen, adding that tokenization “has the potential to unlock the benefits of an always-on financial ecosystem—enhancing how investors access markets, how issuers engage with shareholders.”

    Arjun Sethi, Co-CEO of Payward and Kraken, added that the initiative “expands access to public markets where traditional distribution has been limited” for international customers, while U.S. customers will benefit from “greater collateral efficiency and capital mobility across trading and financing workflows.”

    Nasdaq’s move comes amid a wider push towards tokenized stocks in the TradFi world. In January, the New York Stock Exchange announced that it is developing a blockchain-based platform for trading tokenized equities, while just last week its parent company Intercontinental Exchange invested in crypto exchange OKX at a $25 billion valuation, enabling OKX users to trade tokenized stocks and derivatives listed on the NYSE from later this year.

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