Author: rb809rb

  • Adult Swim’s ‘Smiling Friends’ to End After Season 3

    Adult Swim’s ‘Smiling Friends’ to End After Season 3

    Adult Swim‘s animated comedy “Smiling Friends” is ending after its third season. Creators and stars Michael Cusack and Zach Hadel revealed the news in a video posted to Adult Swim’s X account.

    “I’m gonna cut right to the chase,” Hadel said at the top of the message. “This is not a bit, this is not a joke. Michael and I are here to announce that ‘Smiling Friends’ will be ending after Season 3 is done.”

    “To be perfectly honest, after we finished Season 3, Zach and I just both had the same feeling where we felt pretty burnt out after putting years and years into this, but also pretty accomplished,” Cusack added. “We just came to this feeling where we were like, ‘I think that could just be it,’ after Season 3.”

    Hadel explained that from the very beginning of the show, he and Cusack wanted to put “110%” into “Smiling Friends” and then “go out on top.” He said it was better to leave the audience “wanting more” than to have fans think, “‘That show is still on the air? Oh god.’”

    “We wouldn’t want to be doing more seasons half-hearted or burnt out or not feeling it,” he added. “That’s not fair to us, and it’s not fair to the audience to give you guys fucking slop. That sucks.”

    Cusack explained that ending “Smiling Friends” was “our decision,” and that Adult Swim has been nothing but “very supportive.”

    More to come…

  • Park Chan-Wook to Preside Over 79th Cannes Film Festival Jury

    Park Chan-Wook to Preside Over 79th Cannes Film Festival Jury

    Park Chan-wook will preside over the jury of the 79th edition of the Cannes Film Festival.

    The celebrated South Korean director, screenwriter and producer will succeed French actor Juliette Binoche, whose jury handed the Palme d’Or to Jafar Panahi’s Iranian drama “It Was Just an Accident.”

    Known for his baroque and subversive work, Park has a long history with Cannes. He presented his feature debut, “Oldboy,” at the 2004 festival, where it won the Grand Prize and later became a cult film. He’s returned to the competition with most of his films since then, including “Thirst,” which picked up the Jury Prize in 2009, “The Handmaiden” in 2016 and “Decision to Leave,” which won best director in 2022.

    “Park Chan-wook’s inventiveness, visual mastery, and penchant for capturing the multiple impulses of women and men with strange destinies have given contemporary cinema some truly memorable moments,” said festival president Iris Knobloch and director Thierry Frémaux in a joint statement. “We are delighted to celebrate his immense talent and, more broadly, the cinema of a country deeply engaged with the questioning of our time.”

    Park will become the first South Korean president of the Cannes Film Festival in its 79-year history. Wong Kar-wai is the only other Asian filmmaker to have headed the jury, 20 years ago.

    Park, whose latest film “No Other Choice” was nominated for three Golden Globes, said, “The theater is dark so that we may see the light of cinema. We confine ourselves within the theater so that our souls may be liberated through the window of film.

    “To be enclosed in a theater to watch films, and enclosed again to engage in debate with the members of the jury, this double, voluntary confinement is something I await with great anticipation,” he continued.

    Alluding to ongoing wars and political tensions, he said, “In this age of mutual hatred and division, I believe that the simple act of gathering in a theater to watch a single film together, our breaths and heartbeats aligning, is itself a moving and universal expression of solidarity.”

    Cannes has long championed South Korean cinema. Back in 2002, the festival awarded Im Kwon-taek with the best director award for “Strokes of Fire.” Bong Joon-ho became the first Korean director to win the Palme d’Or in 2019 for “Parasite” and then made history winning best picture, director, screenplay and international feature at the Oscars.

    Over the years, Cannes also shined a spotlight on a new generation of South Korean directors who presented their films in competition; notably Hong Sang-soo, with “Tale of Cinema” in 2005, Kim Ki-duk with “Breath” in 2007 and Lee Chang-dong with “Poetry,” which won best screenplay in 2010. Others have included Kim Jee-woon with “A Bittersweet Life” in 2005, Yeon Sang-ho in “Train to Busan” in 2016, Byun Sung-hyun with “The Merciless” in 2017 and Lee Won-tae with “The Gangster, the Cop, the Devil” in 2019.

  • Jane Street Speculation Renews Scrutiny of Bitcoin ETF Market Mechanics

    Jane Street Speculation Renews Scrutiny of Bitcoin ETF Market Mechanics

    Bitcoin’s Wednesday rally has reignited debate over the role of Wall Street market makers in spot Bitcoin exchange-traded funds, after online speculation linked the price move to a lawsuit involving quantitative trading firm and liquidity provider Jane Street.

    Posts circulating on X claimed that Bitcoin’s roughly 10% climb over two days coincided with the disappearance of a purported intraday selling pattern, suggesting that legal action against Jane Street had altered market behaviour.

    Analysts and ETF specialists, however, said the focus on a single firm obscures a more complex set of market mechanics underlying how spot Bitcoin ETFs operate.

    Bitcoin ETFs track the asset’s spot price, but the creation and redemption process allows institutional middlemen to meet demand without having to buy or sell Bitcoin on public exchanges.

    Jeff Park, chief investment officer at ProCap and an adviser to ETF issuer Bitwise, said Wednesday the debate reflects a misunderstanding of ETF market structure rather than evidence of manipulation.

    In a screenshot post on X, Park outlined how large trading firms responsible for creating and redeeming ETF shares, known as authorized participants, operate under regulatory exemptions that allow them to meet ETF demand without mechanically forcing immediate spot Bitcoin purchases.

    Park said those exemptions, which apply to all authorized participants, are designed to support orderly ETF market-making, but can create a “grey window” in which ETF share creation, hedging activity, and spot market transactions are not tightly linked in time.

    As a result, ETF inflows do not always translate into immediate buying pressure in the spot Bitcoin market, weakening the assumption that ETF demand directly maps to spot price movements.

    Ryan McMillin, chief investment officer at crypto fund manager Merkle Tree Capital, told Decrypt the structure also creates incentives that favour derivatives over spot markets.

    Because Bitcoin futures frequently trade at a premium to spot prices in a condition known as contango, authorized participants may hedge exposure using futures while earning carry from the basis, he said.

    “ETF assets under management balloons without forcing exchange buys, muting rallies below key levels where hype would otherwise push prices higher in a flywheel,” McMillin said.

    McMillin added that when futures positions are reduced, either due to macro shifts or narrowing spreads, the adjustment can amplify price swings, contributing to sharp pullbacks that appear sudden to retail investors.

    Both analysts stressed that the behaviour is legal and consistent with how ETFs are designed to operate, and does not imply wrongdoing by any individual firm.

    Instead, they said it highlights how Bitcoin’s price discovery is increasingly shaped by institutional trading venues such as futures markets, rather than spot exchanges alone.

    “APs wield hedge-fund-like incentives and tools with less accountability in a volatile, adoption-stage asset,” McMillin said. “The ETF ‘innovation’ risks becoming a yield-skimming machine for Wall St. that prioritises institutional arbitrage over genuine spot support.”

  • Ethereum Undervalued, Bitcoin & XRP Remain Neutral Amid Recent Bullish Reversal

    • MVRV shows $ETH is mildly undervalued, while $BTC, $XRP, and Chainlink remain neutral.

    • The crypto market is now witnessing an upward trend reversal despite recent bearish trends.

    • Buyers show renewed interest in crypto following Nvidia earnings report.

    Based on the 30-day Market Value to Realized Value (MVRV) Ratio, Ethereum ($ETH) is mildly undervalued at -5.5%. Bitcoin ($BTC), $XRP ($XRP), and Chainlink ($LINK) remain neutral at -1.4%, -0.1%, and +3.3%, respectively. By contrast, Cardano (ADA) is mildly overvalued, with an MVRV ratio of +6.8%.

    Source: Santiment

    Bitcoin and the wider crypto market showcase a bullish trend reversal

    The past day has seen an upward trend reversal in the broader cryptocurrency ecosystem, despite recent bearish momentum and sentiment.

    Data shows that the average Moving Average Convergence Divergence (MACD) indicator has slightly surpassed its 9-day average, indicating a weak bullish momentum reversal.

    $BTC was up 7.78% in the past day to trade at $69,050 as $ETH gained 13.31% to reclaim its $2,000 psychological level. Meanwhile, $XRP and $LINK gained +9.37% and 16.07%, respectively. Uniquely, Cardano has experienced a striking 20.07% upsurge to trade at $0.3115.

    Source: CoinMarketCap

    Events leading up to the recent crypto rally

    Tech company Nvidia recently reported record-breaking earnings driven by demand in artificial intelligence (AI). Due to the strong correlation (98%) of crypto with the S&P 500, the news fueled renewed risk appetite in investors of both stocks and crypto.

    Capital rotation from $BTC to altcoins has contributed to their recent rallies as investors seek higher returns from riskier assets. Bitcoin dominance is now at 58-60%, while the Altcoin Season Index reads 34/100, indicating a mixed market for Bitcoin and Altcoins.

    This week, Bitcoin ETFs saw $257.7M in net inflows, effectively ending a five-week outflow streak.

    Near-term market outlook

    At press time, the overall crypto market cap totaled $2.38 trillion, having gained 7.50% in the last 24hours.

    Should the current rally hold, the crypto market could test the $2.59T (50% Fibonacci) level. Falling below $2.35T (78.6% Fib) would indicate a loss in momentum, validating a weak bullish theory.

  • Park Chan-wook is the 2026 Cannes Jury President

    Park Chan-wook is the 2026 Cannes Jury President

    South Korean director Park Chan-wook will be the jury president for the 79th Cannes International Film Festival, Cannes announced Thursday.

    The acclaimed filmmaker behind Oldboy, The Handmaiden and No Other Choice will head up the international jury that will select the winner of this year’s Palme d’Or. The 2026 Cannes Film Festival runs May 12 – 23. He will be the first Korean head of the Cannes jury.

    Park Chan-wook‘s inventiveness, visual mastery, and penchant for capturing the multiple impulses of women and men with strange destinies have given contemporary cinema some truly memorable moments,” Cannes festival president Iris Knobloch and director Thierry Frémaux said in a statement. “We are delighted to celebrate his immense talent and, more broadly, the cinema of a country deeply engaged with the questioning of our time.”

    Park Chan-wook first attracted international attention with his third feature, Joint Security Area, which screened in Berlin in 2001, but his breakthrough came three years later with the world premiere of Oldboy in Cannes. The groundbreaking revenge thriller won the Grand Jury Prize (there was speculation that jury president Quentin Tarantino wanted to give it the Palme).

    Park returned to the Croisette multiple times since, rarely leaving empty-handed. His vampire drama Thirst won Cannes’ jury prize in 2009, the period drama The Handmaiden (2016) won the Vulcan Prize for its production design, and his Hitchcockian thriller Decision to Leave took best director in 2022.

    “His presence at the Palais des Festivals testifies to the mutual loyalty that exists between Park Chan-wook and the Festival de Cannes,” the festival said in a statement. “He is often compared to film-makers such as Tarantino, De Palma, and Fincher for artistry in composing images whose formal beauty is matched only by their moral rigor. He also cites Kurosawa, Bergman, Visconti, and Hitchcock as models.”

    Park is also a regular in Venice, where Sympathy for Lady Vengeance, and No Other Choice premiered. No Other Choice made the shortlist for this year’s Academy Awards in the best international feature category but was not among the final five nominees.

    Cannes said Park Chan-wook’s presidency symbolizes “the festival’s early and deep attachment to Korean cinema, whose creativity has been revealed by the Official Selection. Korea is a great film-making country whose treasures are being restored year after year; it has shown that it can produce major contemporary works that attract millions of theatergoers in a space that celebrates its film-makers.”

    In a statement following the announcement of his presidency, Park said he was looking forward to spending two weeks watching and debating movies in Cannes.

    “The theater is dark so that we may see the light of cinema,” his statement reads. “We confine ourselves within the theater so that our souls may be liberated through the window of film. To be enclosed in a theater to watch films, and enclosed again to engage in debate with the members of the Jury, this double, voluntary confinement is something I await with great anticipation. In this age of mutual hatred and division, I believe that the simple act of gathering in a theater to watch a single film together, our breaths and heartbeats aligning, is itself a moving and universal expression of solidarity. There is no doubt that hearts will be beating intensely on May 12.”

    The line-up for the 79th Cannes International Film Festival will be announced in mid-April.

  • Live Updates: Jaylen Brown’s Celtics face Nikola Jokić’s Nuggets on ESPN

    Live Updates: Jaylen Brown’s Celtics face Nikola Jokić’s Nuggets on ESPN

    Kevin Durant and the Houston Rockets are hosting the Sacramento Kings on League Pass.

    What we know about Wednesday’s games:

    • The Pistons beat the Thunder 124-116 in the first half of our national TV doubleheader, as Cade Cunningham (29 pts, 13 ast) and Jalen Duren (29 pts, 15 reb) outlasted Jaylin Williams (30 pts, 11 reb, 4 ast).
    • Now, it’s Celtics-Nuggets (10 ET) on ESPN.
    • The Spurs won their 10th game in a row, coming back from 15 down to defeat the Raptors 110-107 on the road.

    FEBRUARY 25 // 10:48 ET

    The Joker at work

    Celtics-Nuggets, live now on ESPN.


    FEBRUARY 25 // 10:20 ET

    Bucks beat Cavaliers by a fingertip

    Kevin Porter Jr. (20 pts, 8 reb, 5 ast, 5 stl) was the top man for the Bucks, who had seven players score in double figures as they beat the Cavaliers 118-116.

    Jarrett Allen’s game-tying hook was ruled to have come after the buzzer, preserving Milwaukee’s second straight win. The Bucks have won eight of their last 10.

    “Came down to the final fingertips, quite literally,” said Lisa Byington to wrap up the affair.


    FEBRUARY 25 // 10:13 ET

    Spurs come back to defeat Raptors

    110-107, securing their 10th win in a row.

    Devin Vassell (21 pts, 5 3PM) led six Spurs in double figures, while Victor Wembanyama (12 pts, 8 reb, 5 blk, 1 stl) did a bit of everything in holding down the middle.

    Brandon Ingram (20 pts, 11 reb) and Immanuel Quickley (20 pts, 3 3PM) led the way for Toronto.

    The Spurs won the fourth quarter 32-17 on the road to secure the victory.


    FEBRUARY 25 // 10:00 ET

    Close games abound

    Spurs-Raptors, Cavs-Bucks and Thunder-Pistons are all within a few baskets as the clock winds down.

    Check out the games!


    FEBRUARY 25 // 9:22 ET

    KPJ on the rise

    Over his last three games, Kevin Porter Jr. has averaged 26.0 ppg, 8.0 ast and just 1.0 turnovers for the Bucks.

    He’s staked them to a 73-65 lead over the Cavaliers with 8:51 to go in the third quarter, as Milwaukee goes on an 11-2 run.


    FEBRUARY 25 // 9:06 ET

    Thunder down

    Isaiah Joe and Brandon Carlson have been ruled out for the Thunder as they face the Pistons, meaning the defending champions are now down nine players, including three of their top four bigs.

    How will this deep Oklahoma City team adjust? Tune in to ESPN to find out.


    FEBRUARY 25 // 8:31 ET

    Good job, GG


    FEBRUARY 25 // 8:25 ET

    Spurs and Raptors in a good one

    41-40 Raptors with 7:45 to go in the second quarter, as No. 5 in the East takes on No. 2 in the West.

    Dylan Harper has 11 points to lead San Antonio, while Scottie Barnes has 9 to counter for Toronto, as well as this sick chasedown swat.


    FEBRUARY 25 // 7:50 ET

    Pistons rolling early

    Check out the dime from Cade Cunningham, No. 4 on the latest Kia MVP Ladder.


    FEBRUARY 25 // 6:30 ET

    Watch out for the Celtics

    The Celtics’ best plays from the last 10 games.

    Joe Mazzulla’s Boston Celtics are 9-1 in their last 10, as they incorporate new arrival Nikola Vučević into a multifaceted group featuring a variety of breakout players.

    Mazzulla’s Celtics are third in net rating (+8.0), second in offensive rating (120.0), third in second chance points (17.4), second in shooting percentage on drives (52.5%), first in pull-up points per game (31.1) and first in screen assists per game (9.9).

    Neemias Queta, Hugo González, Jordan Walsh, Ron Harper Jr. and Luka Garza have all found new roles in the NBA this season, but the Celtics are still flowing, as they form a coherent supporting cast behind Kia MVP candidate Jaylen Brown (29.2 ppg), Payton Pritchard and Derrick White, posting the second-best net rating by a bench in the league (3.6).

    They get the third-greatest percentage of their points from 3-pointers (40.1%) while shooting the second-best percentage in the league in the paint (71.7%) — classic modern offense.

    The Celtics keep the ball hopping, maintain near-immaculate spacing, and know their roles intimately.

    Brown and Pritchard win one-on-one matchups and create advantages; White fills the gaps; Queta and Vučević finish around the rim; González, Walsh and Harper Jr. provide defensive hustle and 3-point shooting.


    FEBRUARY 25 // 5:45 ET

    Welcome to a six-game night in the NBA!

    Jamal Murray and the Nuggets take on the Celtics in the second half of tonight’s ESPN doubleheader.

    Our slate tonight is headlined by an ESPN doubleheader featuring four of the best teams in the Association! We’ve got Thunder-Pistons (7:30 ET) and Celtics-Nuggets (10 ET).

    Here’s tonight’s complete schedule:

     

  • Bitcoin, Ethereum and Solana Shorts Get Rekt as BTC Price Rebounds Near $69K

    Bitcoin, Ethereum and Solana Shorts Get Rekt as BTC Price Rebounds Near $69K

    Traders betting against the prices of major cryptocurrencies are feeling the pain Wednesday as Bitcoin, Ethereum, and other top assets are well in the green, leading to hundreds of millions of dollars’ worth of short position liquidations.

    Bitcoin (BTC) has rebounded to nearly $69,000 for the first time in more than a week, recently trading for $69,869 after falling below the $63,000 mark on Tuesday. While up more than 7% on the day, the price of the leading cryptocurrency remains down more than 21% over the last 30 days.

    Altcoins Ethereum (ETH) and Solana (SOL) are the biggest gainers among the top 10 coins by market cap, with Ethereum rising 12% on the day to a recent price of $2,075 while Solana has jumped almost 14% to just shy of $89. Both coins had shown substantial losses in recent weeks, but are swinging back the other direction on Wednesday.

    Overall, the crypto market has climbed by about 6.6% over the last 24 hours, per data from CoinGecko. Other major gainers with double-digit rises during that span include Polkadot (DOT), Filecoin (FIL), Uniswap (UNI), Aptos (APT), Avalanche (AVAX), and Chainlink (LINK).

    More than $400 million worth of short positions have been liquidated in the last 24 hours, per data from CoinGlass, making up the vast majority of the $463 million worth of total liquidations during that span.

    Bitcoin currently leads the list with about $200 million worth of liquidations, with Ethereum next up with $153 million worth and Solana well behind in third with about $22 million.

    Prominent crypto stocks are skyrocketing Wednesday as the risk-on appetite grows in equities, with USDC stablecoin issuer Circle showing a 29% spike to $79 per share after reporting earnings, while blockchain lender Figure is up 15% to $34 per share and Ethereum treasury leader BitMine Immersion Technologies has swung up almost 14% to $22.

    Other notable crypto stock gainers today include Coinbase with a 13% swing to $183, Bitcoin treasury giant Strategy rising nearly 9% to above $135 per share, and Bitcoin miner MARA Holdings with a 7% rise to $8.66.

    While still bearish overall, users on Myriad—a prediction markets platform operated by Decrypt‘s parent company, Dastan—are gaining more confidence that Bitcoin will continue rising. They currently pencil in a 43% chance that Bitcoin will next rise to $84,000 rather than fall to $55,000, with odds rising about 14% in the last day.

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  • Ethereum Price Rally Hits Wall at $2,150 After Explosive 15% Move

    Ethereum Price Rally Hits Wall at $2,150 After Explosive 15% Move

    Ethereum price started a major rally above the $2,000 resistance. $ETH is now correcting gains from $2,150 and might decline to $2,000.

    • Ethereum started a fresh upward move above the $1,950 zone.
    • The price is trading above $2,000 and the 100-hourly Simple Moving Average.
    • There was a break above a bearish trend line with resistance at $1,920 on the hourly chart of $ETH/USD (data feed via Kraken).
    • The pair could start a fresh decline if it stays below the $2,120 zone.

    Ethereum Price Rallies Over 15%

    Ethereum price managed to form a base and traded above the $1,920 resistance, like Bitcoin. $ETH price rallied above the $2,000 and $2,020 resistance levels.

    There was a break above a bearish trend line with resistance at $1,920 on the hourly chart of $ETH/USD. The bulls even pumped the price above $2,100. A high was formed at $2,158 before there was a sharp downside correction. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,792 swing low to the $2,158 high.

    Ethereum price is now trading above $2,000 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,000, the price could attempt another increase. Immediate resistance is seen near the $2,080 level.

    The first key resistance is near the $2,120 level. The next major resistance is near the $2,150 level. A clear move above the $2,150 resistance might send the price toward the $2,200 resistance. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.

    Another Drop In $ETH?

    If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,975 zone or the 50% Fib retracement level of the upward move from the $1,792 swing low to the $2,158 high.

    A clear move below the $1,975 support might push the price toward the $1,930 support. Any more losses might send the price toward the $1,900 region. The main support could be $1,880.

    Technical Indicators

    Hourly MACDThe MACD for $ETH/USD is losing momentum in the bullish zone.

    Hourly RSIThe RSI for $ETH/USD is now above the 50 zone.

    Major Support Level – $1,975

    Major Resistance Level – $2,150

  • ‘Scream 7’ Director Kevin Williamson Reacts to Pro-Palestine Protesters Marching Outside L.A. Premiere

    ‘Scream 7’ Director Kevin Williamson Reacts to Pro-Palestine Protesters Marching Outside L.A. Premiere

    Dozens of pro-Palestine protesters marched outside the Los Angeles premiere for Scream 7 on Wednesday night.

    Some demonstrators could be seen waving Palestinian flags, while others were holding signs that read “Cancel Paramount+” and “Stand For Free Speech Boycott Scream 7.” The group could also be heard chanting “Boycott Scream 7” and “Free, free, free Palestine,” while some played drums and trumpets.

    The premiere took place at the Paramount Studios lot; however, the protests could only be faintly heard from the red carpet, where the film’s stars, like Neve Campbell and Courteney Cox, were posing for photos.

    When director Kevin Williamson was asked about the protest at the premiere, he told The Hollywood Reporter, “I saw them and my heart just sort of stopped. Look, we live in America. Everyone has a right to protest and everyone should be heard. And if you have your truth and if you want to stand up and be heard, you protest. That is your right in this country, and I stand by it. I support that 100 percent.”

    The protest, which was led by Entertainment Labor for Palestine, CODEPINK LA and Jewish Voice for Peace-Los Angeles, aimed to call “attention to the industry’s widespread silencing of pro-Palestinian voices and its whitewashing of Israel’s ongoing genocide in Gaza,” according to a news release from CODEPINK LA.

    More specifically, the protest was also in response to Melissa Barrera‘s firing from Scream 7 in November 2023 after she expressed support for Palestine on her social media after Hamas invaded Israel in October 2023.

    Spyglass Media Group, the company behind the Scream franchise, said in a statement at the time, “Spyglass’ stance is unequivocally clear: We have zero tolerance for antisemitism or the incitement of hate in any form, including false references to genocide, ethnic cleansing, Holocaust distortion or anything that flagrantly crosses the line into hate speech.”

    The CODEPINK LA news release added that the protest was to “raise awareness about the Boycott Scream 7 campaign and urge audiences to refrain from supporting the film,” which releases on Feb. 27.

    “We believe that Melissa Barrera is a part of the Scream community and that it’s our responsibility to speak out when a member of our community has been harmed,” Boycott Scream 7 organizer and longtime fan, Nino Testa, shared in a statement. “We refuse to let the franchise we love be used as propaganda for a genocide. We reject Hollywood’s racist blacklisting and censorship of any person who advocates for a free Palestine.”

    THR has reached out to Paramount for comment, but did not hear back at the time of publication.