Author: rb809rb

  • 3 things to watch in Rockets-Lakers Game 2

    3 things to watch in Rockets-Lakers Game 2

    Luke Kennard hopes to have another big performance to help L.A. take a 2-0 series lead over Houston.

    Whether Houston Rockets All-Star Kevin Durant is available for Game 2 against the Los Angeles Lakers doesn’t alter Houston’s mission.

    The Rockets need improved play offensively and defensively if they want to avoid a 2-0 deficit against the Lakers, who took a 1-0 series lead with a 107-98 victory on Saturday.

    And of course, it will help the Rockets if Durant can play.

    Here are three things to watch for in Game 2 of this first-round Western Conference series between the Rockets and Lakers on Tuesday night (10:30 ET, NBC/Peacock).


    1. Will Durant play in Game 2?

    Remove 26 points, 5.5 rebounds and 4.8 assists per game and nearly 50/40/90 shooting splits from a lineup, and it will have an impact. The Rockets were unable to compensate for Durant’s absence in Game 1.

    Durant injured his right knee during Wednesday’s practice when he bumped knees with a teammate.

    “It’s soreness. It’s very tender,” Rockets coach Ime Udoka said. “It’s tough to bend in certain ways. Not a lot of swelling. He hit it in a very awkward spot … It could’ve been a regular bumped knee, and he would’ve played through that. But it was right above the knee, the patellar tendon area.”

    Will Durant play?

    “Pain tolerance is one thing, but actually limited movement is more the cause,” Udoka said.

    If he plays, some of Houston’s offensive woes will evaporate. If he’s unavailable, Alperen Sengun (6-for-19 shooting in Game 1), Jabari Smith Jr. (5-for-14) and Reed Sheppard (6-for-20, 5-for-14 on 3-pointers) will need much better games.

    The injury also altered Houston’s bench minutes: just one reserve played more than 11 minutes, and starters Amen Thompson and Smith each logged more than 43 minutes. Sheppard had to play 10 more minutes (36) than his season average.

    Houston took 27 more shots, made more 3s than the Lakers and committed seven fewer turnovers – and didn’t reach 100. That’s what happens when a team shoots 37.6% from the field.

    “It’s hard to win with those numbers,” Udoka said.

    2. How much of the load can James carry at 41 years old?

    LeBron James is so old – “how old is he?” – that he played in a playoff game alongside his son, Bronny, making them the first father-son duo to appear in a postseason game. They shared just under four minutes of court time as James directed the Lakers to a victory with 19 points, 13 assists, eight rebounds, two steals and one block.

    The Lakers were also without Luka Dončić (left hamstring) and Austin Reaves (oblique strain). Before Dončić and Reaves sustained injuries in the 77th game, the Lakers had settled into a nice flow offensively with James as the third option – albeit not your average No. 3.

    Now, he has to manage more of the offense, and he produced in Game 1, dominating with his passing in nearly 40 minutes – outlet passes, lobs, drive-and-kicks, underhand deliveries, lasers. It was the type of effort that has become refined art.

    The Lakers will keep counting on him to produce like that.

    3. Who else steps up for Lakers?

    Los Angeles’ Luke Kennard, a February trade deadline acquisition, scored 27 points on 9-for-13 shooting, including 5-for-5 on 3s, in Game 1. The Rockets will try to make sure that doesn’t happen again.

    However, Deandre Ayton also had a solid game (19 points, 11 rebounds), Rui Hachimura added 14 points and savvy veteran Marcus Smart contributed 15 points and eight rebounds. It was a superior performance from the Lakers’ starters as their shortened rotation scored 13 points. Of the four reserves who played, none made more than one field goal.

    “I’m already thinking about ways that I could have been better, putting us in a position to be more successful, both offensively and defensively,” James said. “We’ve got a lot of room for improvement going into Tuesday.”

    * * *

    Jeff Zillgitt has covered the NBA since 2008. You can email him at jzillgitt@nba.com, find his archive here and follow him on X.

  • Ties broken for order of selection in NBA Draft 2026

    Watch the official 2026 NBA Draft lottery tie breaker.

    NEW YORK – Six ties among teams with identical regular-season records were broken today through random drawings to determine the order of selection for NBA Draft 2026. 

    The drawings were conducted by NBA President of League Operations Byron Spruell at the NBA office in Secaucus, New Jersey. The tiebreaker process was overseen by Megan DeCesaris, a partner from the accounting firm of Ernst & Young.

    The results of the drawings:

    • The Utah Jazz (22-60) won a tiebreaker with the Sacramento Kings.
    • The New Orleans Pelicans (26-56) won a tiebreaker with the Dallas Mavericks.
    • The Phoenix Suns (45-37) won a tiebreaker with the Orlando Magic and the Philadelphia 76ers. Second and third place in the tiebreaker drawings went to Philadelphia and Orlando, respectively.
    • The Toronto Raptors (46-36) won a tiebreaker with the Atlanta Hawks.
    • The Houston Rockets (52-30) won a tiebreaker with the Cleveland Cavaliers.
    • The New York Knicks (53-29) won a tiebreaker with the Los Angeles Lakers.

    2026 First Round

    NBA Draft Lottery 2026 will be held on Sunday, May 10 and air live on ABC at 3 p.m. ET. The first round of NBA Draft 2026 will take place on Tuesday, June 23, and the second round will take place on Wednesday, June 24.

    Below is the order of selection for NBA Draft 2026 and the probability of being awarded the first overall draft pick for teams in NBA Draft Lottery 2026.

    TEAM RECORD WIN% LOTTERY ODDS
    Washington 17-65 .207 14.0%
    Indiana* 19-63 .232 14.0%
    Brooklyn 20-62 .244 14.0%
    Utah 22-60 .268 11.5%
    Sacramento 22-60 .268 11.5%
    Memphis 25-57 .305 9.0%
    New Orleans (to Atlanta or Milwaukee) 26-56 .317 6.8%
    Dallas 26-56 .317 6.7%
    Chicago 31-51 .378 4.5%
    Milwaukee^ 32-50 .390 3.0%
    Golden State 37-45 .451 2.0%
    LA Clippers (to Oklahoma City) 42-40 .512 1.5%
    Miami 43-39 .524 1.0%
    Charlotte 44-38 .537 0.5%

    The order for the remainder of the first round picks is as follows:

            TEAM RECORD WIN%
    15. Portland (to Chicago) 42-40 .512
    16. Phoenix (to Memphis via Orlando) 45-37 .549
    17. Philadelphia (to Oklahoma City) 45-37 .549
    18. Orlando (to Charlotte via Phoenix) 45-37 .549
    19. Toronto 46-36 .561
    20. Atlanta (to San Antonio) 46-36 .561
    21. Minnesota (to Detroit) 49-33 .598
    22. Houston (to Philadelphia via Oklahoma City) 52-30 .634
    23. Cleveland (to Atlanta) 52-30 .634
    24. New York 53-29 .646
    25. Los Angeles Lakers 53-29 .646
    26. Denver 54-28 .659
    27. Boston 56-26 .683
    28. Detroit (to Minnesota) 60-22 .732
    29. San Antonio (to Cleveland via Atlanta) 62-20 .756
    30. Oklahoma City (to Dallas via Washington and Philadelphia) 64-18 .780

    Note: The draft order above assumes that a team with the right to swap one pick for another exercises such right only if it is favorable to do so.

    * = This pick may be conveyed to the LA Clippers
    ^ = This pick may be conveyed to Atlanta (via New Orleans)


    2026 Second Round Draft Choice Order

    31. Washington (to New York via Oklahoma City and Houston)
    32. Indiana (to Memphis via Milwaukee)
    33. Brooklyn
    34/35. Sacramento
    34/35. Utah (to San Antonio via Minnesota)
    36. Memphis (to the LA Clippers via Atlanta and Utah)
    37/38. Dallas (to Oklahoma City)
    37/38. New Orleans (to Chicago via Boston, Detroit, and Portland)
    39. Chicago (to Houston via Washington)
    40. Milwaukee (to Boston via Orlando)
    41. Golden State (to Miami via Charlotte, New York, Oklahoma City, and Atlanta)
    42. Portland (to San Antonio via New Orleans)
    43. LA Clippers (to Brooklyn via Houston)
    44. Miami (to San Antonio via Indiana)
    45. Charlotte (to Sacramento via San Antonio, Atlanta, and New York)
    46. Orlando
    47. Philadelphia (to Phoenix via Houston and Oklahoma City)
    48. Phoenix (to Dallas via Washington)
    49. Atlanta (to Denver via Brooklyn and Golden State)
    50. Toronto
    51. Minnesota (to Washington via Detroit and New York)
    52. Cleveland (to the LA Clippers)
    53. Houston
    54. Los Angeles Lakers (to Golden State via Toronto, Miami, and Cleveland)
    55. New York
    56. Denver (to Chicago via Minnesota, Phoenix, Charlotte, and Phoenix)
    57. Boston (to Atlanta)
    58. Detroit (to New Orleans via New York, Brooklyn, Phoenix, Orlando, and the LA Clippers)
    59. San Antonio (to Minnesota via Indiana)
    60. Oklahoma City (to Washington via San Antonio and Miami)

     

    Note: Teams that finished the regular season with identical records will select in the second round in inverse order of the order in which they select in the first round. With respect to ties between Lottery teams, since the order of selection in the first round for these sets of teams may change based on the results of the Lottery, the order of selection in the second round cannot be determined until after the Lottery is conducted (on May 10, 2026). Also note, the draft order above assumes that a team with the right to swap one pick for another exercises such right only if it is favorable to do so.

  • FBI Director Kash Patel sues Atlantic for ‘false’ reporting on drinking

    FBI Director Kash Patel sues Atlantic for ‘false’ reporting on drinking

    FBI Director ⁠Kash Patel has filed a defamation lawsuit against The Atlantic and its reporter, Sarah Fitzpatrick, following the publication of an article on Friday alleging the director had a drinking problem that could pose a threat to United States national security.

    The Atlantic said it stood by its reporting and would vigorously defend against the “meritless lawsuit” that was filed on Monday.

    The magazine’s story, initially titled “Kash Patel’s Erratic Behavior Could ⁠Cost Him His Job,” cited more than two dozen anonymous sources expressing concern about Patel’s “conspicuous inebriation and unexplained absences” that “alarmed officials at the FBI and the Department of Justice”.

    The article, which The Atlantic subsequently titled “The FBI Director Is MIA” in its online version, reported that during Patel’s tenure, the FBI had to reschedule ⁠early meetings “as a result of his alcohol-fueled nights” and that Patel “is often away or unreachable, delaying time-sensitive decisions needed to advance investigations”.

    In The Atlantic’s story, the White House, the Department of Justice and Patel denied the allegations. The article included a statement from the FBI attributed to Patel, “Print it, all false, I’ll see you in court—bring your checkbook.”

    Patel, in the lawsuit filed in the District Court in Washington, denied the allegations of his behaviour and criticised the magazine for relying on anonymous sources. Fitzpatrick wrote that she interviewed more than two dozen people and granted them anonymity to “discuss sensitive information and private conversations”.

    “Defendants cannot evade responsibility for their malicious lies by hiding behind sham sources,” the lawsuit said.

    “We stand ‌by our reporting on Kash Patel, and we will vigorously defend The Atlantic and our journalists against this meritless lawsuit,” the magazine said in a statement.

    Reuters could not independently establish the accuracy of the article or why the publication changed the title.

    Patel’s complaint says that while The Atlantic is free to criticise the leadership of the FBI, “they crossed the legal line” by publishing an article “replete with false and obviously fabricated allegations designed to destroy Director Patel’s reputation and drive him from office”.

    The lawsuit, filed in the US District Court for the District of Columbia, seeks $250m in damages.

    The lawsuit alleges The Atlantic ignored the FBI’s denials and did not respond to a Friday letter from Patel’s lawyer Jesse Binnall to senior editors and the Atlantic’s legal department ⁠asking for more time to refute the 19 allegations the reporter told the FBI’s press office she would be ⁠publishing.

    “It is among the strongest possible evidence of actual malice,” it said.

    “The Atlantic’s story is a lie,” Patel said in an interview with Reuters. “They were given the truth before they published, and they chose to print falsehoods anyway.”

    Acting with ‘actual malice’

    The letter, which Reuters has seen, was sent shortly before 4pm (20:00 GMT) on Friday, and The Atlantic published the story at 6:20pm (22:20 GMT), according to the complaint. Reuters could not determine whether or how The Atlantic responded to Binnall’s request.

    The lawsuit alleges the publication acted with “actual malice”, a legal standard that requires public figures such as Patel to show the publisher knowingly printed ⁠false information or recklessly ignored doubts about its accuracy.

    “Defendants’ conscious decision to ignore the detailed, specific, and substantive refutations in the Pre-Publication Letter, and their refusal to give a reasonable amount of time for the FBI and Director Patel to ⁠respond, is among the strongest possible evidence of actual malice,” the lawsuit says.

    Binnall is a prominent Republican ⁠attorney who has represented US President Donald Trump in numerous civil cases, including one brought by US Capitol Police officers over his role in riots in Washington, DC on January 6, 2020. Binnall has represented Trump’s eldest son, Donald Trump Jr., as well as former national security adviser Mike Flynn, and ran Trump’s challenge to Nevada’s 2020 election results.

    The lawsuit is the latest instance of a Trump administration figure suing a media outlet. A judge ‌dismissed a lawsuit brought by Trump against CNN for describing election denialism as “the big lie”. Judges have also dismissed Trump’s lawsuits against the New York Times and the Wall Street Journal. Trump has refiled his lawsuit against the New York Times and may refile against the Wall Street Journal.

    He has also secured some settlements. ABC News agreed ‌to settle ‌a case for $15m plus $1m in legal fees. Paramount Global agreed to pay $16m to settle a dispute over what the Trump administration called “deceptive editing” of a CBS News interview with his opponent in the 2024 election, Kamala Harris.

  • NSA Is Using Anthropic’s Powerful Claude Mythos AI as CEO Meets With White House: Report

    NSA Is Using Anthropic’s Powerful Claude Mythos AI as CEO Meets With White House: Report

    In brief

    • The NSA is deploying Claude Mythos Preview despite the Pentagon—which oversees the agency—designating Anthropic a supply-chain risk in March, per a report.
    • Anthropic CEO Dario Amodei met with White House Chief of Staff Susie Wiles and Treasury Secretary Scott Bessent on April 17, with both sides calling the discussions “productive.”
    • An administration source told Axios that every federal agency except the Department of Defense wants access to Anthropic’s AI tools.

    The National Security Agency is running Anthropic’s Claude Mythos Preview inside its classified networks, according to two sources cited by Axios—a surprising development given that the NSA falls under the Department of Defense, which declared Anthropic a supply-chain risk in March and is currently fighting the company in federal court.

    Claude Mythos is not a standard enterprise tool. When Anthropic unveiled the model earlier this month, it restricted access to a handful of vetted organizations, arguing that the model poses serious offensive security risks. Anthropic’s own technical documentation found that Mythos was able to identify critical vulnerabilities in every widely used operating system and web browser. The company judged it too dangerous for open release.

    Most organizations with access are using the model defensively, scanning their own infrastructure for weaknesses before adversaries do. The initiative, branded Project Glasswing, includes Microsoft, Google, Apple, Amazon Web Services, JPMorgan Chase, and Nvidia. What the NSA is doing with Mythos is less clear, though the agency’s mission is not purely defensive. A third source told Axios the model is being used more broadly within the intelligence department.

    The Pentagon’s hostility toward Anthropic traces to negotiations that went bad. In July 2025, the two sides signed an agreement making Claude the first frontier AI model cleared for use on classified networks. Talks soured when the Pentagon sought to renegotiate, demanding the military be allowed to use Claude “for all lawful purposes” without restriction. Anthropic refused, drawing two firm lines: no autonomous weapons, and no domestic mass surveillance.

    When negotiations collapsed, Defense Secretary Pete Hegseth declared Anthropic a supply-chain risk in late February—an unprecedented designation, and the first ever applied to an American company. A California federal judge blocked the move, but then a D.C. appeals court denied Anthropic’s separate bid to halt the blacklisting while litigation plays out. The two sides remain in court.

    While the legal fight grinds on, the rest of the administration is moving in a different direction. On April 17, Anthropic CEO Dario Amodei met with White House Chief of Staff Susie Wiles and Treasury Secretary Scott Bessent. Anthropic described the session as “productive”, Reuters reported. The White House said the parties “discussed opportunities for collaboration, as well as shared approaches and protocols to address the challenges associated with scaling this technology.”

    President Trump, asked by reporters about the meeting, said he had “no idea” Amodei had been at the White House, after he previously ordered the administration not to use Anthropic’s “woke” models. Bessent and Federal Reserve Chair Jerome Powell have separately been encouraging major bank CEOs to test Mythos and be prepared for security threats, and an administration source told Axios that every federal agency except the Defense Department wants access to Anthropic’s tools.

    The NSA’s reported use of Mythos comes as questions mount about whether the model’s capabilities can be contained at all. Decrypt reported last week that researchers at Vidoc Security reproduced several of Mythos’s most alarming cybersecurity findings using publicly available models—including OpenAI’s GPT-5.4 and Anthropic’s own Claude Opus 4.6—without any special access to Mythos itself.

    Anthropic did not immediately respond to a request for comment by Decrypt.

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  • RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation

    RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation

    In brief

    • RaveDAO’s little-known token erased $6.6 billion in market cap after ZachXBT called on exchanges to investigate whether RAVE was being manipulated.
    • The token, which people can use to purchase tickets, reached a dizzying valuation over the course of two weeks before plummeting.
    • Executives from Bitget, Binance, and Gate said they would investigate the token’s suspicious rise, but have yet to report back.

    The music stopped abruptly for RaveDAO this weekend after prominent pseudonymous sleuth ZachXBT called on exchanges to investigate trading tied to the little-known entertainment collective’s token—a request that apparently spooked investors, swiftly wiping out billions of dollars in value in the process.

    RAVE’s market cap has plunged more than $6.6 billion since Saturday, almost immediately after the crypto industry’s most recognized blockchain investigator called on exchanges Binance, Bitget, and Gate to investigate whether RAVE’s price was being manipulated.

    Now worth $150 million, according to CoinGecko, the token’s total value has collapsed nearly 98% since ZachXBT vocalized his suspicions in an X post. In less than two weeks, RAVE had become one of the crypto sector’s most valuable tokens, rising seemingly out of nowhere.

    RAVE’s owners can use the token to do things like establish local chapters under RaveDAO’s brand, purchase tickets, and participate in NFT releases. “The result is an economy that grows through real activity and cultural reach, not short-term speculation,” RAVE’s white paper states.

    As the token fell on Saturday, RaveDAO claimed that “is not engaged in, nor responsible for, recent price action.” However, ZachXBT said that he found suspicious activity tied to addresses linked to RaveDAO’s team this month, particularly on Bitget.

    Because RAVE’s fall coincided with $52 million in liquidated positions during a 24-hour period, the sleuth said the token’s once-dizzying valuation pointed to “a manipulated and unsustainable valuation” that warrants faster intervention among exchanges.

    Bitget CEO Tracy Chen, Binance CEO Richard Teng, and Gate Chief Business Officer Kevin Lee all indicated that their respective firms were looking into the token’s recent performance. As of Monday, the exchanges had yet to report back on what they discovered.

    On Sunday, wallets linked to RaveDAO’s team sent RAVE tokens worth $24 million to Bitget, data on blockchain analytics platform Arkham Intelligence showed. The token changed hands around $0.56 on Monday, down from an all-time high of $27.33 on Saturday. 

    Decrypt has reached out to RaveDAO, Bitget, Binance, and Gate for comment.

    The token, which debuted in December, exists on Ethereum, Binance’s BNB Chain, and Base, the Coinbase-launched Ethereum layer-2 scaling network. ZachXBT noted that tokens linked to RAVE’s initial distribution controlled around 95% of the token’s supply.

    In September, RaveDAO announced that it had teamed with World Liberty Financial, the crypto venture backed by U.S. President Donald Trump and his sons. RaveDAO said it would use World Liberty’s USD1 stablecoin for ticketing and consumer purchases in South Korea.

    The project’s official Instagram account advertises upcoming events in Lisbon and Hong Kong. Yet within RaveDAO’s official Discord channel, most members appeared interested in discussing the price that they had bought RAVE at during the token’s surge.

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  • OpenAI CEO Sam Altman Says AI in Hollywood Will Get People to ‘Care More About Human Creators, Not Less’

    OpenAI CEO Sam Altman Says AI in Hollywood Will Get People to ‘Care More About Human Creators, Not Less’

    OpenAI CEO Sam Altman believes AI is a good thing for Hollywood and will not hurt the industry as much as critics of the technology may be worried about.

    “I think people really care about other people,” Altman told me at the Breakthrough Prize Ceremony on Saturday when I asked about industry concern that AI will lead to job cuts and less creativity. “I think people really care about the human beings behind the stories and the art and the creative work that matters so much, so my instinct is it’s going to go the other way and people will care more about humans and more about human creators in the future, not less.”

    Altman said that he isn’t talking to Hollywood insiders on a daily basis, but also “not infrequently.”

    “We do hear a lot from creatives who are like, ‘I have these new ideas. I want to give input into the next model. I want these things to be possible,’” he said.

    In late March, Altman informed new Disney CEO Josh D’Amaro that he was closing the Sora video-gen platform before Disney was able to launch characters in the system.

    Altman felt “terrible” about it, but said during an interview on iHeartPodcasts’ “Mostly Human” that Disney and OpenAI are still looking to work together. Following the Sora closure, Disney cancelled its $1 billion investment in the AI company.

    On Saturday, Altman declined to share his views when asked about the late Val Kilmer being resurrected by AI to be the star of the upcoming movie “As Deep as the Grave.” “I don’t think I’m the best person to answer that question,” he said. “I probably have no deep insight there that people in this room don’t have better things to say about it.”

    As for calls for more regulation around AI, Altman said, “I think some regulation will be important. It’s obviously very important to get it right.”

  • Marvel’s Visual Department Director Andy Park Exits After 16 Years Amid Disney Layoffs: ‘I Couldn’t Be Prouder of the History We Made’

    Marvel’s Visual Department Director Andy Park Exits After 16 Years Amid Disney Layoffs: ‘I Couldn’t Be Prouder of the History We Made’

    Andy Park, Marvel’s director of visual development, has left the studio after 16 years as part of Disney’s layoffs.

    Park took to social media to announce his departure. He wrote, “Marvel Studios Visual Development: 2010–2026. End of an era. I was there at the start of a team that broke the mold. 16 years, 40+ films, and 15 films led as Director of Visual Development, I couldn’t be prouder of the history we made.”

    He joined the studio in 2010 and started by working on “Captain America: The First Avenger.” Since then he’s created concept art for films including “Deadpool and Wolverine” and the costume art for Captain Marvel in “The Marvels.”

    Despite the news, Park remains optimistic. He wrote, “My journey continues…” The layoff comes as part of Disney and new CEO’s Josh D’Amaro wider plan to “streamline our operations” across various parts of the company.

    As previously announced, the media company is eliminating about 1,000 roles, primarily as a result of Disney’s formation of a consolidated enterprise marketing division under the leadership of Asad Ayaz, chief marketing and brand officer.

    Sources say Park’s departure was part of that elimination. Staff at Marvel Studios were impacted in both Los Angeles and New York by the layoffs as the studio reduces its production slate. Sources added that Marvel plans to keep a small visual development team, hiring people on a project by project basis and is committed to working with visual development artists on its projects.

    Ryan Meinerding, character designer and creative director and the head of visual development at Marvel Studios, remains in his position, and the visual development team will work under his guidance.

  • Ripple CTO Emeritus Clears up Misconceptions on Retirement

    Ripple CTO Emeritus Clears up Misconceptions on Retirement

    Months have passed since David Schwartz officially retired from the position of CTO at Ripple around late last year. However, the Ripple veteran has remained extremely active since then.

    His continued social presence concerning Ripple-related matters has sparked curiosity across the crypto community about whether or not Schwartz is still holding his position in the firm.

    “I’m a board member,” Schwartz declared

    After his retirement, Schwartz still holds the title of Ripple CTO Emeritus, sparking speculation about his engagements with the company.

    On Monday, April 20, Schwartz clarified that he remains actively involved across multiple initiatives tied to Ripple and the $XRP Ledger.

    Schwartz made the clarification after an X user questioned his position with sarcasm, asking if Schwartz had fully retired or was still contributing behind the scenes at Ripple.

    Schwartz declared that he is still a board member at Ripple while outlining other engagements he has in relation to the firm.

    According to Schwartz, he is still involved with the $XRP Ledger Foundation and advises $XRP-focused company Evernorth. He also mentioned that he talks to Ripple’s $XRP Ledger tech team as frequently as every two weeks.

    Schwartz discusses asset collateralization risks

    The question appeared sarcastic as it came after Schwartz joined the ongoing debate about asset collateralization risks.

    While the debate raises concerns about whether certain digital assets are truly backed as claimed, Schwartz shared how to determine if an asset is fully collateralized.

    Thus, curiosity about Schwartz’s professional status emerged following ongoing speculation. Nonetheless, his response has drawn the attention of the crypto community as it helped clarify the speculation.

  • SIREN rallies as shorts unwind – Is a 28% breakout in play?

    SIREN rallies as shorts unwind – Is a 28% breakout in play?

    Siren [$SIREN] rallied sharply over the past 24 hours, rising 17% at the time of writing. The move reflects more than just a short-term surge; it indicates a structural shift in positioning, with bearish bets unwinding and the directional bias tilting to the upside.

    Shorts unwind as positioning flips

    Derivatives data shows a clear contraction in market exposure even as price trends higher. According to CoinGlass, $SIREN’s Open Interest (OI) declined by roughly 15% to $7.59 million over the past day.

    Under normal conditions, falling OI aligns with weakening prices and bearish sentiment. Here, the opposite occurs. Price expansion alongside declining OI suggests that traders, particularly shorts, are actively closing positions rather than being liquidated.

    Liquidations totaled $267,430 over the same period, a modest figure relative to the scale of the move. This reinforces the view that the market is seeing voluntary exits, not forced deleveraging.

    Source: CoinGlass

    Positioning metrics support this shift. At press time, the Weighted Funding Rate relative to OI remained positive at 0.0320%, while the Taker Buy/Sell Ratio stood at 1.06. These indicators show that capital flow and execution volume now favor long exposure.

    Range dynamics frame the next move

    Price action continues to respect a defined trading range, with the latest rally originating from the lower boundary. This reaction strengthens the case for a continuation move toward higher levels within the structure.

    A push toward the recent breakout zone would imply a potential 28% advance from current levels. A sustained move beyond that region could extend gains toward the 40% range.

    Source: TradingView

    Even a conservative move to the top of the current range represents a 16% upside.

    However, historical price behavior within this range warrants caution. Previous approaches to the upper boundary have resulted in rejection and subsequent pullbacks. The same pattern could repeat if buying pressure weakens near resistance.

    Momentum and inflows support continuation

    Momentum and capital flow indicators continue to align with a bullish outlook.

    At the time of writing, the Money Flow Index (MFI) read 60.46, placing it firmly in positive territory. This suggests that capital inflows remain intact despite a minor retracement in the past day.

    Source: TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) reflected a shift in momentum. The histogram has faded from deep red to a lighter shade, indicating that bearish pressure is losing strength.

    At the same time, the MACD line was on the verge of crossing above the signal line, a development typically associated with trend continuation to the upside.


    Final Summary

    • $SIREN posts strong gains as short traders exit positions at scale.
    • Momentum indicators point to building bullish strength, with 16%–40% upside still in play.
  • Tim Cook to Step Down as Apple CEO, Hand the Reins Over to John Ternus

    Tim Cook to Step Down as Apple CEO, Hand the Reins Over to John Ternus

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