Author: rb809rb

  • Selling Pressure on Bitcoin Miners Has Declined Significantly: What Does This Mean?

    Selling Pressure on Bitcoin Miners Has Declined Significantly: What Does This Mean?

    The price increase directly impacted miners’ income. Total daily mining revenue, consisting of block rewards and transaction fees, increased by 78 percent, rising from $27 million to $48 million during the same period. The seven-day average of daily revenue from transaction fees increased from $195,000 to $275,000. Although transaction fees continue to lag significantly behind block rewards, they contributed to the recovery in revenue.

    Related News BREAKING: Donald Trump Makes Hot Statements on Iran — “I Won’t Attack Before the Midterm Elections”

    Bitcoin Sales by Miners Slowed Down

    CryptoQuant data also points to a significant shift in miners’ profitability conditions. While income from mining activities remained extremely low during the May-August period, miners entered a period where they could once again earn a reasonable income as Bitcoin reached $76,000 on August 21st.

    With increased profitability, there has been a noticeable decrease in Bitcoin selling pressure from miners. According to the report, no extraordinary amounts of new outflows have been recorded from miner wallets since August 21.

    The actions of miners who have been active since Bitcoin’s early days also supported this trend. In September, approximately 600 $BTC were withdrawn from these miners, compared to around 2,000 $BTC in January. Thus, the outflows in September were about one-third of those in January.

    On the other hand, the total balance of large miner addresses holding between 100 and 1,000 $BTC has stabilized at around 51,000 $BTC since the beginning of September. The total assets of these addresses had decreased by approximately 20 percent from the 64,000 $BTC level in December 2025.

    *This is not investment advice.

  • Dell CEO speaks out on £6.25 billion giveaway after wife’s viral White House appearance

    Dell CEO speaks out on £6.25 billion giveaway after wife’s viral White House appearance

    The CEO of Dell has issued an update after making a multibillion-dollar pledge alongside his wife.

    Michael and Susan Dell, following her viral appearance at the White House with Donald Trump, have contributed $6.25 billion to ‘help 25 million children start building a strong financial foundation’.

    The US government is also offering $1,000 to eligible children born between 2025 and 2028, with the money going into a special investment account, which parents can add to if they wish.

    It is then invested in the stock market, giving it the chance to grow as the child gets older, although its value could also fall.

    When children turn 18, they can begin accessing the money under certain rules, giving them a financial head start in adult life.

    Earlier this week, Trump joked about endorsing Susan, 62, for office after she urged families to claim the $250 per child.

    (Win McNamee/Getty Images)

    (Win McNamee/Getty Images)

    “I’m very pleased to let you know today that we have funded 10 million of those accounts as of this morning,” Michael, 61, said on Wednesday.

    “By the end of this week we will have funded 25 million of those accounts.”

    “$250 is just the beginning,” he added. “If you have a child under 18 with a social security number you should claim your account.”

    Susan said: “Over the past month, as our contribution reached millions of children’ s accounts, Michael and I have heard from so many parents and kids and grandparents with these beautiful letters that have truly moved us.

    (Rick Kern/Getty Images)

    (Rick Kern/Getty Images)

    “Children have told us that they want to become entrepreneurs… nurses, doctors, engineers. They want to build their own companies some day.”

    “We’ve heard from parents and grandparents who share what it means to them,” she added.

    “To know that there is an investment in their child’s future. These things are so wonderful and so important. It’s not just the money that matters… Knowing someone believes in you and your future that matters just as much.”

    Taking to X on Thursday, Michael – who is worth a reported $281.7 billion – said: “Promise made. Promise kept.

    “By tomorrow, 25 million American children will have our gift of $250 in their accounts.”

    Responding to the tweet, one user wrote: “If I remember correctly I paid almost 5k in the mid to late 90s for the most sophisticated made to order Dell laptop.

    “Never, in my wildest dreams would I have thought that purchase would turn into an investment for my grandchildren 30 years later. Thank you @POTUS thank you @MichaelDell.”

    Another penned: “Thank you and your wife (and whole family). What great role models in philanthropy and marriage. Bravo.”

    While a third added: “Thank you. One of my three grands already has an account and I’m encouraging the parents of the other two to finish signing up so I can move the nest egg I have for them there.”

  • NFL Sides With States Against Kalshi in Supreme Court Prediction Market Fight

    NFL Sides With States Against Kalshi in Supreme Court Prediction Market Fight

    In brief

    • The NFL filed an amicus brief backing New Jersey’s bid for Supreme Court review of a Third Circuit ruling that shielded Kalshi’s sports contracts from state gambling laws.
    • The league said the CFTC and operators have refused its requested safeguards, including bans on easily manipulated bets and a minimum trading age of 21.
    • If the Court upholds the ruling, the NFL said it would push regulators and Congress for stronger protections before the 2027 season.

    The NFL has picked a side in the fight over sports prediction markets, and it isn’t Kalshi’s.

    In an amicus brief filed Thursday, the league urged the Supreme Court to take up New Jersey’s appeal of a Third Circuit ruling. That ruling found Kalshi’s sports event contracts are “swaps” under the CFTC’s exclusive jurisdiction, shielding them from state gambling laws.

    Myriad: Who wins the World Series? Click to make your prediction.
    Myriad: Who wins the World Series? Click to make your prediction.

    The Sixth and Ninth Circuits have ruled the opposite way, creating a split only the high court can resolve. Kalshi and prediction market rivals such as Polymarket have long faced pushback from state regulators. (Disclosure: Decrypt‘s parent company Dastan operates Myriad, a prediction market unavailable to U.S. residents.)

    The NFL in its brief sided with the Sixth and Ninth Circuits. It argued that Dodd-Frank’s definition of a swap covers instruments that hedge existing risk, not bets that create new risk, which means sports contracts belong under state gambling oversight.

    The brief lays out the league’s grievances in detail. The NFL said it asked the CFTC and operators like Kalshi to ban contracts that one person could easily manipulate, that involve injuries or officiating, or whose outcomes are knowable in advance, but they declined.

    It noted that 18-year-olds can trade on Kalshi while most states require sports bettors to be 21, and that the CFTC has just 543 employees nationwide, suggesting the agency is understaffed to handle the task of policing these markets. Without league-specific lists of prohibited bettors, operators’ “nominal insider-trading policies or prohibitions are paper tigers,” the brief says.

    BitcoinBTC · USD

    $83,246−4.11%

    Oct 2Oct 4Oct 6Oct 7Oct 9

    $86.7k$84.7k$82.7k$80.7k

    24h HighHigh$83,398

    24h LowLow$80,427

    VolVol$1.6B

    Market projectionsOdds by Myriad

    →

    NFL-related contracts accounted for $1.8 billion of the $3.3 billion traded across prediction markets on the season’s first Sunday, according to the brief. The league, represented by former U.S. Attorney General William Barr, wants a ruling before the 2027 season.

    It isn’t asking for prediction markets to disappear, though. If the justices side with the Third Circuit, the NFL said it would redouble efforts to persuade the CFTC, operators, and Congress to adopt stronger integrity and consumer protections before then.

    Sports gaming attorney Daniel Wallach said the brief “meaningfully increases the chances of a cert grant,” in a post on X.

    “It is extremely telling that the sports league which has most forcefully advocated for federal regulation is essentially saying ‘this ain’t it,’” he wrote on X. Wallach noted that former CFTC and SEC Chair Gary Gensler and former Sen. Christopher Dodd, D-Conn., both of whom helped pass Dodd-Frank, also filed briefs backing New Jersey.

    Other leagues have taken a friendlier approach. MLB named Polymarket its exclusive prediction market sponsor in March and signed an integrity agreement with the CFTC, and the NHL became the first major league to license its trademarks to prediction markets. DraftKings and FanDuel have launched prediction markets of their own.

    The stakes keep rising as prediction markets increasingly enter the mainstream. Bernstein analysts see a $10 trillion opportunity in prediction markets, while Robinhood CEO Vlad Tenev expects crypto contracts to eventually overtake sports.

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  • Gromit Speaks: Martin Freeman to Voice Beloved but Mute Dog in Audiobook Edition of Autobiography

    Gromit Speaks: Martin Freeman to Voice Beloved but Mute Dog in Audiobook Edition of Autobiography

    He’s been one half of one of the most cherished on-screen duos in history, yet has famously never spoken a word. That is, up until now.

    Gromit, the whip-smart and eye-rolling four-legged friend to cheese-loving inventor Wallace across numerous stop-motion classics from Aardman Animation and “Wallace & Gromit” creator Nick Park, is getting his first autobiography and, with it, an audiobook.

    In step Martin Freeman, who will narrate “Grand: The Autobiography of Gromit, as Told to Nick Park,” a book in which, according to the description, Gromit “finally breaks his silence.”

    “When you create a character who has no voice, and whose facial expressions are everything, what do you do when your publisher reminds you there’ll be an audiobook? Who could possibly be the voice of a character everyone feels they know, but nobody’s actually heard?” said Park, winner of four Oscars, including three for Wallace & Gromit films “The Wrong Trousers,” “A Close Shave” and “The Curse of the Were-Rabbit.”

    “The more I thought about it, the more I realised Martin Freeman was the obvious choice really. I was genuinely thrilled and honoured when he said yes.”

    Recording took place earlier this month at Penguin Studios, with both “Grand: The Autobiography of Gromit” and the audiobook now due for release Oct. 22.

    But Park, having previously stated that Freeman was “the voice” of Gromit, in almost the same breath attempted to (doggy) walk back the de-muting of his plasticine hound.

    “Martin is not doing a Gromit ‘voice’ as such,” he said. “He’s reading Gromit’s story as Gromit put it; his inner thoughts, his candid insights and endless witticisms, bringing to them his usual colour, thoughtfulness and wry humour.” now from all major audiobook retailers.

  • Brad Bird’s ‘Ray Gunn,’ ‘Toy Story 5’ and Roger Deakins Lead View Conference Lineup as AI Debate Takes Center Stage

    Brad Bird’s ‘Ray Gunn,’ ‘Toy Story 5’ and Roger Deakins Lead View Conference Lineup as AI Debate Takes Center Stage

    Brad Bird, Roger Deakins and the teams behind “Toy Story 5,” “Spider-Man: Brand New Day” and “Project Hail Mary” head to Turin next week for the 27th View Conference, where AI and the economics of animation and VFX are set to dominate the agenda.

    Four of the films being unpacked at the Oct. 12-16 event — “Spider-Man: Brand New Day,” “The Odyssey,” “Toy Story 5” and “Project Hail Mary” — have collectively generated more than $6 billion worldwide this year. Those sessions sit within a lineup spanning Pixar, DreamWorks, Sony Pictures Animation, Disney Animation and Aardman, alongside senior executives from Industrial Light & Magic, Sony Pictures Imageworks and Skydance Animation.

    The gathering comes as animation and visual effects companies navigate pressure on production economics, global competition and investment in artificial intelligence. Across five days, View’s filmmaking presentations and executive discussions offer different perspectives on how those pressures are reshaping production.

    Five developments to watch:

    Animation’s Franchises and Original Ambitions

    Brad Bird returns to Turin with “Ray Gunn,” his long-gestating animated sci-fi noir, on a program that brings original projects into the same conversation as some of Hollywood’s most established franchises.

    Pixar presents “Toy Story 5” and “Hoppers,” while DreamWorks directors Joel Crawford and Januel P. Mercado discuss “Forgotten Island.” Sony Pictures Animation brings “GOAT,” and Disney Animation producer Yvett Merino presents “Hexed.” Aardman’s Merlin Crossingham addresses stop-motion filmmaking.

    Bird’s project offers a different timescale from the industry’s emphasis on faster production. Developed across decades of changes in financing, studio ownership and technology, “Ray Gunn” provides an opportunity to examine how an original animated feature retains its creative identity over a prolonged development process.

    Studio Leaders Confront the Business

    The executive program may offer the clearest view of the decisions shaping where and how films are made.

    Michelle Grady, president of Sony Pictures Imageworks; Holly Edwards, president of Skydance Animation; and Janet Lewin, senior VP, general manager and head of ILM, join Cinesite Group VFX COO Shawn Walsh and other senior figures for Industry Executives Shaping the Future of Cinema.

    At last year’s View, Tippett Studio CEO Gary Mundell described AI as a tool to accelerate production, saying the challenge was to make it serve the studio’s purposes rather than the other way around. The question for this year’s executive panel may be how such ambitions translate into investment, staffing and sustainable business decisions.

    Their companies operate across different parts of the production business, but face overlapping questions: how to manage capacity, retain experienced artists, compete internationally and assess investment in new tools while protecting margins.

    Those decisions have consequences beyond individual productions. They influence where work is commissioned, which skills companies recruit and how much scope filmmakers have to develop increasingly complex vfx and animation within a fixed budget.

    Inside the Year’s Major Productions

    Presentations on “Spider-Man: Brand New Day,” “The Odyssey,” “Project Hail Mary,” “Avatar: Fire and Ash,” Steven Spielberg’s “Disclosure Day” and “The Mandalorian & Grogu” move the discussion from corporate strategy to production practice at the peak.

    The sessions go deep each with an hour on stage; with their peers in attendance. Quality is high, often taking in how shots developed, which elements were achieved practically, what moved into postproduction and how teams coordinated the work.

    These sessions also provide a useful counterpoint to claims that filmmaking is moving toward a single production model. Large-scale features continue to draw on combinations of physical construction, photography, animation and simulation, with the balance determined by the requirements of each sequence.

    AI Moves Into the Production Debate

    “AI will be the most hotly debated topic at VIEW Conference 2026,” VIEW CEO and executive director Dr. Maria Elena Gutierrez told Variety.

    Runway co-founder and co-CEO Cristóbal Valenzuela and Nvidia global media and entertainment VP Richard Kerris headline panel Every Pixel Will Be Generated. Other sessions examine AI-native production and changing entry points into animation and VFX.

    For studios and suppliers, the commercial question extends beyond what generative systems can produce. It is whether those outputs can be controlled, and integrated into a production pipeline reliably enough to deliver savings, and how companies grapple with the ethical questions those savings raise.

    That brings the technology debate back to familiar concerns about creative authority, staffing, schedules and accountability.

    Cinematography Closes the Conversation

    Friday’s program brings several of the week’s themes together. “Toy Story 5” shares the day with Every Pixel Will Be Generated, presentations on “Avatar: Fire and Ash” and “Project Hail Mary,” and Aardman’s stop-motion filmmaking.

    Two-time Oscar winner Roger Deakins and James Ellis Deakins then close the conference with a session on cinematography.

    After so much discussion of what machines might make, and what companies could afford, the conference will end with two people considering how an image comes to mean something. It is a fitting conclusion. For the industry’s questions are not merely those of invention or economy; they concern the relation between the tools at its disposal and the stories us humans want to tell.

  • Zcash developers set January target for quantum-resistant payments after ‘bunker mode’ scare

    Zcash developers set January target for quantum-resistant payments after ‘bunker mode’ scare

    Using fresh addresses keeps keys hidden before spending, and the proposed signatures are intended to protect the payment when spending makes its approval public.

    Zakura’s post comes on the heels of a warning by Ethereum researcher Justin Drake, who on Thursday urged holders to prepare for a so-called “bunker mode,” warning that AI could find a shortcut through the mathematics protecting bitcoin and ether wallets “in months, not years” in the worst case.

    Ethereum’s own broader migration to quantum-resistant cryptography has a target date of December 2029. No practical attack on their wallet keys has been demonstrated so far.

    $ZEC ended Thursday around $1,185, down about 11% over the preceding week, leading a drop among top cryptocurrencies after Drake’s post went viral on X.

    Read More: Bitcoin and ether holders urged to prepare ‘bunker mode’ against possible AI attacks

    Fresh addresses, revealing balance checks

    Zcash has two kinds of payments. One is shielded payments, which conceal the sender, recipient and amount. Transparent payments, in contrast, work much like bitcoin BTC$83,184.06, with addresses and amounts visible on the blockchain.

    About 11.96 million of the 16.98 million $ZEC issued sat in the transparent pool on Thursday, roughly seven in 10 coins, according to CoinDesk’s calculation from ZecStats data. The January plan focuses on that public side of the network.

  • Gaboon viper photo was AI-generated, Santa Ana police now say

    A snake that a Santa Ana resident reported was a highly venomous viper not native to North America apparently was actually a prank generated by AI, police said Tuesday.

    In an Instagram post on the Santa Ana Police Department’s account, officials said after a second visit by detectives with the resident, he admitted the original report was false.

    “During the follow-up investigation, he admitted the photo was AI-generated and that the report was false,” officials said in the Instagram post.

    The original alert posted by the department warned of a sighting of a highly venomous Gaboon viper seen in a neighborhood yard. Santa Ana PD’s alert included both a real image of the snake and a stock image, which stirred debate that the real image may have been generated by artificial intelligence. Users online were quick to argue the department was potentially being pranked. But officials said police ran it through AI generators and had not determined that it was AI.

    When this publication received the original image of the snake provided to police, OpenAI’s photo verification tool showed the photo was either generated or enhanced by AI.

    “AI-generated images can look very real, and when false information is shared as fact, it can quickly create unnecessary fear, confusion, and concern in our community,” Santa Ana officials said in their Instagram post. “We appreciate the community’s patience while our officers and reptile experts worked to investigate the report, search the area, and determine what actually happened.”

    The homeowner who reported seeing the snake was not facing a fine or charges as of Tuesday afternoon, Santa Ana police spokeswoman Officer Natalie Garcia said.

     

  • Google Ends Free Cellular Safety Tools on Older Pixel Watches

    Google Ends Free Cellular Safety Tools on Older Pixel Watches

    Your older Pixel Watch may have fewer safety features outside of your home by the end of the year. A new announcement from Google confirms that free cellular access to Safety Signal tools will end in mid-December 2026.

    Safety Signal offers Emergency SOS, Fall Detection, and Safety Check as a suite of tools to help protect your wellbeing. Free cellular access was previously available on the Google Pixel Watch 2 LTE and Pixel Watch 3 LTE from launch.

    In a new support post, Google confirmed plans to end its free LTE connectivity on Dec. 12, 2026. It said it would notify everyone with a compatible device via email or push notification in the coming months, though it may not arrive until 30 days before the official shutdown.

    The features will continue to work when you’re connected to Wi-Fi or through Bluetooth over a paired smartphone. You can also set up your own active cellular line to use the features, though it will incur a monthly fee with your carrier.

    Previously, all you needed was a Google Health Premium subscription (formerly Fitbit Premium) to access the features outside of your home. Google has yet to detail why it’s closing this feature, other than to say it’s part of its plans to “evolve our connectivity and safety capabilities.”

    Recommended by Our Editors

    If you own one of these devices, you may find this frustrating, but you had to have a very specific setup to make use of it. As pointed out by Zellkrator on Reddit, “Why would you even buy the LTE version but have no stand-alone carrier? I mean only if you really relied on Google offering you a free LTE service in dangerous situations?”

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  • How to Watch the Liberty vs. Dream, Aces vs. Valkyries WNBA Semifinals Game 3 Live, Even for Free

    How to Watch the Liberty vs. Dream, Aces vs. Valkyries WNBA Semifinals Game 3 Live, Even for Free

    The NBA playoffs ended in June with the New York Knicks winning the championship for the first time in more than 50 years. Now it’s time for the WNBA to make history as the Las Vegas Aces continue their active postseason appearance streak. The Minnesota Lynx, meanwhile, had the chance to become the winningest team in league history, but they were eliminated by the New York Liberty.

    If you’re fresh off the FIBA Women’s Basketball World Cup, Caitlin Clark’s Indiana Fever have been eliminated, but there are still plenty of faces you’ll recognize from the US Women’s Basketball Team. Here’s what you need to know before tuning in.


    2026 WNBA Playoffs Game Schedule

    The WNBA playoffs run from September 27 to October 31. While every matchup in the NBA is a best-of-7 series, the WNBA holds a best-of-3 series in the first round, a best-of-5 series in the semifinals, and a best-of-7 series—for just the second year—in the finals, giving teams a lot less room to maneuver and recover. One bad night could mean the end of everything for your favorite team.

    The first round ended on October 2, with the New York Liberty, Atlanta Dream, Golden State Valkyries, and Las Vegas Aces advancing. The semifinals began October 4 and will continue through October 14, if a winner is crowned sooner. The WBNA Finals are scheduled to start on October 17.

    New York Liberty vs. Atlanta Dream – ATL leads 2-0

    • Game 3: Friday, October 9 @ 7:30 p.m. ET – ESPN 2

    • Game 4: Sunday, October 11 @ TBD – ABC

    • Game 5: Wednesday, October 14 @ TBD – ESPN

    Las Vegas Aces vs. Golden State Valkyries – GSV leads 2-0

    • Game 3: Friday, October 9 @ 9:30 p.m. ET – NBCSN/Peacock

    • Game 4: Sunday, October 11 @ TBD – NBC/Peacock

    • Game 5: Wednesday, October 14 @ TBD – NBCSN/Peacock

    WNBA Finals

    • Game 1: Saturday, October 17 @ 3:30 p.m. ET – NBCSN/Peacock

    • Game 2: Monday, October 19 @ 8:00 p.m. ET – USA/Peacock

    • Game 3: Thursday, October 22 @ 8:00 p.m. ET – USA/Peacock

    • Game 4: Saturday, October 24 @ 3:30 p.m. ET – NBC/Peacock

    • Game 5: Monday, October 26 @ 8:00 p.m. ET – USA/Peacock

    • Game 6: Thursday, October 29 @ 8:00 p.m. ET – USA/Peacock

    • Game 7: Saturday, October 31 @ 8:00 p.m. ET – USA/Peacock


    How to Watch the WNBA Playoff Games

    This year’s playoff schedule is tricky. It will be split across multiple networks and streaming services, even within the same series. ABC, ESPN, Prime Video, and USA carried the first round. ABC, NBC, NBCSN, Peacock, and ESPN will have the semifinals. NBC, USA, and Peacock will be options for the Finals. This means a single cable subscription or Live TV streamer might not be enough to watch everything.

    • DirecTV: DirecTV’s MySports base pack costs $45 per month for the first six months and offers ABC, ESPN, NBC, and USA.

    • Fubo: Fubo’s Sports plan costs $45.99 for the first month to watch games broadcast on ABC, ESPN, NBC, and NBCSN.

    • Hulu: For $90 per month, Hulu + Live TV lets you watch games on ABC, ESPN, NBC, and USA.

    • Peacock: Instead of a live TV service, you’d need to pay $10.99 per month for Peacock Premium to see the Wild Card Series games.

    • Prime Video: Prime’s $14.99 monthly or $139 annual cost grants subscribers access to the three first-round games on Amazon’s platform.

    • Sling: Sling’s $45.99-per-month Sling Orange plan will let you watch games on ESPN. Day Passes are also available for up to seven days. You’ll need the Orange $ Blue bundle for $60.99 to also watch games on USA.

    • YouTube TV: Though the standard plan for YouTube TV costs $83 per month, you can actually now pay for the cheaper $65 Sports package to see all games on ABC, ESPN, NBC, NBCSN, and USA.


    How to Watch New York Liberty vs. Atlanta Dream For Free

    If you don’t have a streaming subscription, you may be able to catch some of the action without spending a dime by signing up for a free video streaming trial. Here are your options:

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    Unlock Your Streaming Service’s Full Catalog

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    Which Teams Are In the Playoffs?

    Unlike other sports leagues, the WNBA doesn’t care about conferences. Out of 15 teams, eight squads make it to the playoffs, regardless of where they come from. This year, there are an even four teams from the Eastern Conference and four from the Western Conference. Here they are, listed in order of seeding:

    1. Minnesota Lynx

    2. Golden State Valkyries

    3. Las Vegas Aces

    4. Atlanta Dream

    5. Indiana Fever

    6. Washington Mystics

    7. Dallas Wings

    8. New York Liberty


    Upgrade Your Streaming Experience

    If you decide to watch the WNBA Playoffs, there’s still time to get a big-screen television for viewing this beautiful game. Pro tip: Turn on your TV’s motion-smoothing option for the best picture while watching sports. Just remember to turn it off before watching other TV shows and movies to avoid the awful “soap opera” effect.

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  • In New Book, Joe Biden’s National Security Aide Brett McGurk Describes Jeffrey Katzenberg & Steven Spielberg Advising POTUS On Major Gaza Speech

    In New Book, Joe Biden’s National Security Aide Brett McGurk Describes Jeffrey Katzenberg & Steven Spielberg Advising POTUS On Major Gaza Speech

    Brett McGurk‘s new book Brink: Inside the Race to Free the October 7th Hostages offers an insider account of the diplomatic rollercoaster to secure a ceasefire and hostage release in the war in Gaza.

    The book, published this week, also offers a glimpse at White House messaging about the conflict, including two figures the president turned to in delivering a key speech: Jeffrey Katzenberg and Steven Spielberg.

    McGurk, who served as deputy assistant for national security affairs to Biden, wrote of the scene as they prepared the president for his address on May 31, 2024. While Katzenberg and Spielberg’s role have been reported before, McGurk gave a first-hand account in the room, for a speech focused on a proposal to end the fighting and to secure a release of the hostages.

    By that point, the Gaza conflict had created divisions within the Democratic coalition, protests at college campuses and presidential appearances and concerns over its impact on the November elections. There was pressure from the campaign for the president to make an address on the crisis, per McGurk.

    McGurk wrote of the rehearsal, “In the Map Room, Biden peered at two screens behind me. ‘Jeffrey, Steven, welcome,’ he said. I turned around to see Jeffery Katzenberg and Steven Spielberg on Zoom. They greeted Biden warmly, Spielberg saying this was the speech they wanted to hear.

    “It was a reminder that while I saw this speech as a policy address with a functional aim, it had a political purpose, too,” McGurk wrote.

    He added, “The speech was timed for Friday night in Israel, when much of the country shuts down, allowing time for us to shape its reception there and around the world. Notably, we did not inform Netanyahu that we were making the speech until shortly before Biden delivered it, as we knew the address would lock Netanyahu into the terms of the deal now on the table.

    “Biden said he was ready.

    “Katzenberg advised, ‘Remember, slow Joe, let the audience hear every word.’

    “Biden smiled, ‘Slow Joe? Don’t let Jill hear that.’

    “He read through the draft, pausing at times to ask questions about the text, which we addressed with rewrites.”

    McGurk wrote that he found Biden “fully engaged, leaning forward on the podium.”

    He wrote, “The moguls told him he looked strong, and he did. There was no sign of the Biden we’d all see on a debate stage with Trump only four weeks later.”

    The latter was a reference to Biden’s disastrous debate performance against Trump. What followed were weeks of calls on Biden to drop out, coming from some elected Democrats and prominent donors, until he exited the race on July 19. Katzenberg had played a prominent role as a top adviser to Biden’s re-election campaign.

    While the Biden speech focused on a peace proposal, as it turned out, it would take until the next year, a week before Trump returned to office, for a ceasefire agreement to be reached.