Author: rb809rb

  • ‘The Man Will Burn’ and the Battle Beneath Burning Man’s Chaos

    ‘The Man Will Burn’ and the Battle Beneath Burning Man’s Chaos

    There is a bungee-strap battle that goes down inside a geodesic “Thunderdome” arena and, one year, revelers found a 23-foot-tall, 50-foot-long hedgehog temple erected on the playa in Nevada, where Black Rock City has risen nearly every Labor Day week for the past 40 years. And let’s not overlook the central wooden effigy itself, collapsing and engulfed in flames as steampunk Mad Max extras dance and laugh and cry.

    Of all the dazzling visuals and surreal art that burst out of Burning Man, the large-scale, weeklong desert event that is now so vital that it has spawned its own subculture, it’s the images seen about seven minutes into HBO‘s The Man Will Burn that are truly surprising: Rather than “Burners” running wild in costumes and dancing in the dust, the four-part documentary opens on a boardroom, with charts indicating cash flow. And then there are the actual people who, all year long, schlep to the office and run the business of Burning Man. Here, they are arguing about how to pay for it.

    If you were left wondering whether the series, which began streaming weekly on HBO Max on July 9 and concludes Thursday, was a deliberate provocation, the series’ directors, Jehane Noujaim and Vikram Gandhi, cleared that up while speaking with The Hollywood Reporter last week.

    “We’re documentary filmmakers, so we’re interested in reality,” Gandhi said about the series, which premiered at the Tribeca Festival in June. “The whole point of Burning Man is to not think about the gifting economy and the decommodification part of it — that’s what happens out on the playa. But when you peel back the layer behind the event, that’s what’s going on. Everything has a cost.”

    That tension — between a 40-year-old social experiment premised on resisting institutions and the institution it had to become to survive — is one of the many aspects of the phenomenon that The Man Will Burn interrogates. Noujaim and Gandhi spent five years filming with unprecedented access to the Burning Man Project’s leadership. They begin the journey just as the organization is faced with what Noujaim called “one of the greatest existential crises” in its history: the COVID-19 pandemic threatening the very premise the event is built upon, which is simply that people show up.

    Noujaim, an Emmy winner known for The Square and The Vow, said she and Gandhi — who directed the biting and, as some argued, immoral 2011 documentary Kumaré — were drawn to the project precisely because the stakes were so undeniably real.

    “Even though many of the people that put this together have very different concepts of what they want to create, they do share this belief that it should happen every year, and they feel very strongly about that,” she said. “The stakes for all of the characters that we were following were very high. And I think when that happens, the true human nature comes out — and that’s wonderful for a film.”

    Producer Muriel Soenens, who came to the project as “the non-burner of the team,” as she explained to THR, said the pandemic demanded answers to questions the community had been letting linger for years.

    “It basically had opened up a Pandora’s box of issues that had been plaguing them since the early days: Do we grow or not? Who does this belong to? Does this belong to anybody? And if it does, who should be leading this?” she said. “As anarchy grows in numbers, it can no longer be truly radical. It can’t be as free as it was.”

    As the series barrels forward through crisis management and office politics to the chaos that rain on the playa can cause, we watch as an event built on the idea that no one is in charge is forced by circumstances to reveal who actually is.

    Making The Man Will Burn land was always going to hinge on access, which took years to earn, scene by scene. The filmmakers say the Burning Man Project’s leadership — including CEO Marian Goodell, a central figure throughout the series — gave them startling latitude, including in a boardroom scene during the depths of the crisis.

    “I don’t think anything was off limits from the organization,” Gandhi said. But the organization, he added, was “only a tiny part of the access” — every camp, every art-car crew, every individual required separate, often lengthy negotiation. “Sometimes we would have to talk to people for 45 minutes, or months, before shooting for five minutes,” he said.

    That’s not to say Goodell herself was resistant at first, Noujaim said.

    “Marian was very much like, ‘This film is not about me, it’s not about one person,’” Noujaim said. “But we really pushed forward with following her because she was at the center of any big decision that was going to be made.” The access deepened over successive years, a dynamic Gandhi described bluntly: “As you are stood up for the fifth interview, then they’ll give you the sixth, and maybe it’ll be nicer or more open than it would have been if they hadn’t stood you up five times.”

    Marian Goodell in The Man Will Burn.

    Courtesy of HBO

    Consent, the filmmakers said, was unusually fraught for a documentary in 2026 — a rarity, Soenens noted, in the social media era, when people are eager, or at least used to being on camera.

    “There is really the deep question of, do I want to be filmed,” she said, adding that some longtime attendees declined outright, believing no documentary could capture what the event actually feels like, or objecting on principle to it being filmed at all.

    Of the many conundrums and debates about Burning Man, it may not be too surprising that the series’ most pointed material concerns money — specifically, the encroachment of wealthy tech figures, including Kimbal Musk, who have become entangled in Burning Man’s finances and, therefore, have a seat at the table in its governance. But Gandhi pushed back on the idea that tech wealth itself threatens the event’s spirit; tech money, he noted, has been present at Burning Man since the 1990s. The more interesting question, he said, is about participation versus consumption: “Are people going without participating and buying an experience, rather than working on the experience?”

    Yet how money concentrates power is on full display here. Musk, Gandhi said, “was maybe the loudest voice in the room” during a boardroom debate over whether to cancel the event outright — a moment that crystallizes how an organization “running on debt” ends up dependent on its wealthiest members, above its founding ideals.

    Noujaim framed it as an argument the film wants viewers to sit with rather than resolve.

    “It’s not whether people have money or don’t have money. It’s more this question of: Are people coming in to build together, to give and to sacrifice — which enables human connection — rather than the connection we normally deal with, which is very transactional?” she said. The struggle, she adds, is real and ongoing inside the organization itself, which works to prevent “plug-and-play” camps, where wealth substitutes for participation as the wealthy parachute into Black Rock City.

    Asked what they wished they could include, the filmmakers pointed to structural gaps rather than deliberate omissions. Because the series is character-driven, storylines that didn’t touch their core subjects largely fell away, even ones with some true dramatic weight. They also mention a widely reported and still-unsolved death at the event that happened the year after filming wrapped; Noujaim said she and Gandhi weren’t present for it and had only secondhand information, but it’s a thread in the story of Burning Man that shows how its growth is leading to the seeping in of chaos.

    Two pursuits, they said, nearly made it into the final cut but didn’t: a ride-along with the event’s volunteer rangers, complicated by the fact that there’s no cell service on the playa to coordinate filming, and a stint at the event’s makeshift hospital, where the crew nearly captured a premature birth — HIPAA privacy rules shut the access down. Both, Gandhi said, spoke to an underappreciated reality — that Black Rock City is “a city running a city,” with real infrastructure and real emergencies behind the drugs and art and fun.

    For all the institutional friction the series documents, both directors indicated that what caught them off guard wasn’t the conflict — it was the playful tone. “The humor,” Gandhi said, “the level of humor and self-deprecation that keeps it way less earnest than you would expect. They are the first to cut themselves down and question themselves and consider themselves flawed and imperfect. They don’t like calling it a utopia.”

    Noujaim said she was struck by the scale and the sheer amount of volunteer labor required to build and dismantle an 80,000-person city in the desert, most of it unpaid.

    “There’s nothing like it on Earth,” she said. “People put more effort into building something than most people put into their jobs — and more joy in working.” It’s a note the film leans into deliberately, she added, precisely because it pushes against what most people assume Burning Man is in reality — not a party bought and consumed, but one built, hour by unpaid hour, by those who simply show up.

  • What Are Tokenized Stocks? The $9 Billion Trend Explained

    What Are Tokenized Stocks? The $9 Billion Trend Explained

    Imagine buying a slice of Apple stock at 3 a.m. on a Sunday, settling in seconds, from a crypto wallet, with no broker involved. That is the promise of tokenized stocks, and it stopped being theoretical this year: on-chain transfer volume for tokenized equities reached $9.22 billion in a single month. This guide explains what tokenized stocks actually are, how they work, who is building them, what you really own when you buy one, and the risks that most coverage skips.

    What are tokenized stocks?

    A tokenized stock is a blockchain-based token that represents ownership or economic exposure to a real company’s shares. Instead of your Apple or Tesla position living only in a broker’s database, a token representing it lives on a blockchain, where it can be transferred, traded, or used in other applications around the clock.

    The key word is “represents.” In most current models, an authorized issuer buys and holds the actual shares with a regulated custodian, then issues tokens backed one-to-one against them. The token tracks the share’s value and, depending on the product, may pass through dividends. You are typically holding a claim on a share rather than the registered share itself, which is the single most important distinction to understand before buying one.

    Why anyone bothers: the actual advantages

    Traditional stock markets run on infrastructure built decades ago, with fixed hours and multi-day settlement. Tokenization targets exactly those limits.

    Trading never closes. Blockchains do not have opening bells. Tokenized equities can trade on weekends and overnight, which matters enormously for investors outside US time zones who currently trade American stocks at inconvenient hours or not at all.

    Settlement is near-instant. Traditional equity settlement takes a business day or more. On-chain settlement happens in seconds, freeing capital and removing counterparty risk in the gap.

    Fractional access is native. Tokens divide easily, so a $500 share can be bought in tiny increments without a broker building that feature.

    Global reach. Someone in a country with limited access to US brokerage accounts can, in principle, hold exposure to US equities through a wallet.

    Composability. This is the crypto-native advantage: a tokenized stock can be used inside decentralized finance applications, for example as collateral, in ways a brokerage position cannot.

    How big is this actually?

    Big enough to stop being a curiosity. Monthly on-chain transfer volume for tokenized stocks reached $9.22 billion in June 2026 (live RWA data on rwa.xyz), a sharp increase that reflects real usage rather than pilot projects.

    The activity is heavily concentrated on Solana, which handles roughly 95% of global tokenized equity trading volume, with single-day records around $644 million. The trend reached a symbolic milestone when Securitize, a tokenization firm, tokenized $295 million of its own stock on Solana on the day of its NYSE debut, the largest issuer-sponsored tokenized stock at launch.

    Institutional infrastructure is following. Moody’s launched credit ratings for tokenized assets, South Korea has explored tokenizing government bonds and state assets, and traditional finance firms have been building settlement rails on public blockchains. Ripple and BCG have projected the broader tokenized real-world asset market could exceed $19 trillion across blockchains by 2033, a forecast worth treating as directional rather than precise.

    What you actually own (read this part twice)

    This is where enthusiasm meets fine print, and it deserves plain language.

    In most tokenized stock products, you do not become a shareholder of record. You typically hold a token issued by a company, backed by shares that company or its custodian holds. That usually means no voting rights, dividend treatment that depends on the specific product, and, critically, a dependency on the issuer remaining solvent and honest.

    Compare that with a normal brokerage account, where you are a beneficial owner with regulatory protections, insurance schemes in many jurisdictions, and a clear legal claim. Tokenized stocks trade convenience for a different, generally thinner, set of protections. That is a legitimate trade for some investors, but it is a trade, not a free upgrade.

    The risks

    Issuer and custody risk. Your token is only as good as the entity holding the underlying shares. If that issuer fails or the backing is not what it claims, the token’s value is at risk regardless of what the real stock does.

    Regulatory uncertainty. Rules for tokenized securities are still forming in most jurisdictions. Products can be restricted, geo-blocked, or forced to change structure. Availability to US retail investors in particular is limited and shifting.

    Liquidity gaps. Headline volume is concentrated in a handful of popular names. A thinly traded tokenized stock can have wide spreads and poor exits, especially during volatility.

    Price tracking can break. In stressed markets, a token’s price can drift from the underlying share, particularly when traditional markets are closed and there is no way to arbitrage the gap efficiently.

    Smart contract risk. These are blockchain products, and blockchain products can have code vulnerabilities, as DeFi’s history shows.

    Corporate actions get messy. Splits, mergers, and special dividends are straightforward in traditional markets and genuinely complicated to represent on-chain.

    Who is building tokenized stocks

    The ecosystem splits roughly into three groups. Tokenization specialists like Securitize handle issuance and compliance infrastructure. Blockchains compete to host the activity, with Solana currently dominant on volume thanks to low fees and fast settlement, while Ethereum hosts much of the broader real-world asset market. And trading venues, both crypto exchanges and emerging on-chain platforms, provide the access layer.

    An interesting wrinkle: because Solana’s fees are so low, billions in tokenized stock volume generate relatively little direct fee revenue for the network. Hosting the boom and monetizing it are not the same thing, which is a genuine open question for the chains involved.

    Is this the future of stock trading?

    The honest answer is that it is a real trend with real limits. The advantages, continuous trading, instant settlement, global access, are genuine and solve actual problems that traditional market infrastructure has not. Institutional adoption is no longer speculative: rating agencies, governments, and NYSE-listed firms are participating.

    But the ownership structure is weaker than direct share ownership, regulation is unsettled, and most volume today comes from crypto-native traders rather than mainstream investors. The likely path is not tokenized stocks replacing brokerages, but traditional finance gradually adopting blockchain settlement underneath products that look familiar to investors. Tokenization is more likely to become invisible plumbing than a consumer revolution.

    Bottom line

    Tokenized stocks are blockchain tokens representing real company shares, offering round-the-clock trading, near-instant settlement, fractional ownership, and global access. The trend became substantial in 2026, with $9.22 billion in monthly on-chain volume and Solana handling around 95% of it, alongside serious institutional participation.

    The catch is what you own: usually a claim backed by an issuer rather than a registered share, with fewer protections than a brokerage account and unsettled regulation around it. Tokenized stocks are a genuine infrastructure advance worth understanding, and a product category that demands you read the specific terms before buying, not just the pitch.

    This is not investment advice. Tokenized assets carry issuer, regulatory, and liquidity risks in addition to normal market risk. Always do your own research.

  • ‘Children of Blood and Bone’ Author Tomi Adeyemi Left Film’s Set ‘Sobbing,’ Calls It the ‘Worst Thing I’ve Had to Live Through’ and ‘I Never Want to Hear About It Again’

    ‘Children of Blood and Bone’ Author Tomi Adeyemi Left Film’s Set ‘Sobbing,’ Calls It the ‘Worst Thing I’ve Had to Live Through’ and ‘I Never Want to Hear About It Again’

    Tomi Adeyemi, author of the novel “Children of Blood and Bone,” said the upcoming Paramount film adaptation of her book was “the worst thing I have ever had to live through” and “I never want to hear about this project again” in a five-minute video posted on Wednesday.

    Adeyemi, who co-wrote the screenplay for the film, had previously spoken out about how she wouldn’t watch the “Children of Blood and Bone” movie based on her African fantasy novel after being on set for its production.

    “What I’m about to share is not a secret to the people involved,” she said in the social media clip. “It’s a reality that I’ve had to live with for about a year and a half, and everyone involved, at least at the highest level, has been made aware of this reality, and they haven’t done anything to make it better. If anything, they’ve only antagonized me, and I accept that. But I also accept if I don’t say something, I think it’s just going to be worse.”

    Adeyemi alleged that she left the “Children of Blood and Bone” set “hyperventilating and sobbing” and that she is “still being antagonized behind the scenes.” Representatives for Adeyemi, Paramount and director Gina Prince-Bythewood did not immediately respond to Variety’s requests for comment.

    “I’m not going to speak on what I endured to make it through the young adult trilogy, and I’m not going to speak about everything that I also suffered through or endured to make the adaptation a reality,” Adeyemi said. “I’m actually only going to speak about what happened after I left that set of my own film adaptation, hyperventilating and sobbing. There are many witnesses, so it’s not really a secret. I came back to America and suffered such severe somatic pain and so many panic attacks. I knew it was so bad that I would never ever be able to watch this film, and I made peace with that.”

    “But as it is being marketed,” Adeyemi continued, referencing the trailer which launched on Tuesday, “And as I am still being antagonized behind the scenes, which is where I hoped all of this would stay, it’s become apparent to me that reality needs to at least be made known, so that you guys can understand how this film, which I worked on to make it a little better for us to be alive, is also the worst thing I have ever had to live through.”

    Earlier this month in a since-deleted TikTok video, Adeyemi posted what appeared to be a group chat that included “Children of Blood and Bone” actor Amandla Stenberg. Adeyemi wrote, “Do not ever use my name in an interview or video again. Do not text me. Do not call me” and appeared to block Stenberg, according to the L.A. Times. Stenberg had previously received backlash from book fans over her casting as Princess Amari due to allegations of colorism.

    “I am four months into training for ‘Children of Blood and Bone’ and I am getting my ass whooped,” Stenberg previously said in a deleted TikTok video last year. “I want everyone to know that this is important to me, and I think about it with every choice that I make. I would never navigate my career blindly, not thinking about my skin tone or the space I occupy. I would never go after a role I didn’t feel was right for me. I want to see all skin tones represented in media. I know that colorism is an insidious system that relentlessly impacts every facet of entertainment.”

    Despite the insinuation about a feud with Stenberg, Adeyemi has not clarified what happened on the “Children of Blood and Bone” set.

    “I don’t wish to speak on it anymore. I don’t know if that’s possible,” Adeyemi said in the clip posted on Wednesday. “I understand that I have a public presence, and that this is a global project. It’s probably useless posting a video. I really don’t know. I don’t do things like this, but I also understand that being silent about it is making the pain a lot worse. And even though it feels awful to share this, it’s better to share it and have it known and understood before I see a bunch of you for this new book. So please understand, I never want to hear about this project again. I don’t have anything to say about the people who made it. I do not care anymore. I’m trying to move on. This video might make it worse, but I don’t know how it can be any worse. So I’m just going to share that and let it live.”

    “Children of Blood and Bone” hits theaters on Jan. 15.

  • Flock Cameras Face Growing Backlash as Privacy Concerns Reach Capitol Hill

    Flock Cameras Face Growing Backlash as Privacy Concerns Reach Capitol Hill

    In brief

    • Rep. Thomas Massie plans legislation that would withhold federal funding from agencies deploying Flock cameras.
    • Local governments from California to Indiana have suspended, canceled, or reconsidered Flock deployments following public opposition.
    • Flock CEO Garrett Langley recently apologized for referring to anti-surveillance activists as “terrorists.”

    Public opposition to Flock Safety’s automated license plate reader cameras is spreading from city council meetings to Capitol Hill as lawmakers prepare legislation targeting federal funding for agencies that deploy the technology while communities across the country reconsider its use.

    The protests come amid mounting evidence that Flock’s technology has been used in ways critics say extend well beyond its stated purpose of investigating crimes and locating missing people.

    A recent report by The Institute for Justice identified over two dozen cases nationwide in which officers resigned or were arrested for allegedly using automated license plate reader systems to stalk current or former romantic partners.

    In February, Milwaukee prosecutors charged an officer accused of using the system to track a romantic partner and her former partner. In July, an internal affairs detective who investigated that case was arrested after authorities alleged he also used Flock to track people for personal reasons.

    Privacy advocates also cite broader uses of the technology. The Electronic Frontier Foundation says agencies searched license plate databases during protests, including the No Kings protests in 2025. That same year, the group reported that Texas deputies queried Flock data during an abortion investigation that authorities initially described as a missing-person case.

    Opposition has also moved beyond public meetings. During June and July, activists across the country spray-painted, taped over, disabled and destroyed Flock cameras in protest of automated surveillance. The Guardian identified at least 33 incidents across 23 states. Online communities have shared camera maps, tips for avoiding the devices and methods for obstructing them, while several people now face criminal charges after allegedly destroying multiple cameras.

    Founded in 2017, Atlanta-based Flock Safety sells internet-connected license plate reader cameras that automatically photograph passing vehicles, read license plates, and use computer vision to identify characteristics such as a vehicle’s make, model, color, decals, roof racks, and other distinguishing features. Participating law enforcement agencies can search the database during criminal investigations, receive alerts when vehicles linked to cases pass a camera, recover stolen vehicles, and locate missing people.

    Flock says its cameras do not use facial recognition and typically retain data for 30 days unless local laws require a different retention period. CEO Garrett Langley said the company takes privacy concerns seriously and believes many critics reconsider their views once they understand how the technology works.

    “Once they understand what the technology actually does, not what it might do in 50 years, not what someone thinks it could do, but what it actually does day in and day out, it takes a picture of a car. Most people go, ‘This makes a lot of sense. I want my kids to be safe,’” Langley told ABC7.

    In a post on X on Saturday, Kentucky Congressman Thomas Massie said that he plans to introduce legislation that would withhold federal funding from municipalities and law enforcement agencies that deploy automated license plate reader systems, including Flock cameras.

    The proposal follows a series of disputes over Flock cameras across the United States.

    In St. Petersburg, Florida, 77-year-old Carl Gunn has drawn attention by staging solo protests beneath Flock cameras, holding a sign that blocks their view.

    “This is just another thing to take our information and to spy on us,” Gunn told news outlet Creative Loafing Tampa Bay. “I have a constitutional right to my privacy. I’m a law-abiding citizen, and I don’t need anyone sticking their nose in my business. And if they do, I’m going to chop it off.”

    In Fresno, California, residents packed a community forum to urge city officials to remove Flock cameras, arguing the technology allows broad government surveillance. Police defended the system, saying it helped investigators solve homicide and shooting cases and emphasizing that it does not use facial recognition.

    “We have to find a balance between safety and liberty,” Fresno Police Chief Mindy Casto reportedly said.

    However, not all law enforcement agencies are on board with using Flock cameras and are re-evaluating their use of the technology. On Thursday, the Los Angeles Police Department suspended its partnership with Flock over concerns involving privacy, data sharing, security, and contract terms. Monroe County, Indiana, also voted to end its contract a year early, despite commissioners acknowledging the cameras had helped solve serious crimes. Earlier in July, Leon County, Florida, delayed funding for additional Flock cameras after residents questioned how the data is collected, stored, and shared.

    The scrutiny has prompted a response from the company. Earlier this month, Langley apologized for previously describing anti-Flock activists as a “terroristic organization,” saying the comments were a mistake and that the company has spent more time listening to critics while trying to balance public safety and privacy.

    “My comments were a mistake, and I apologize,” he told Forbes. “There are groups today that have real valid criticisms of the business, and I think what’s changed for us is, as we’ve listened to them and heard them out, what we’re trying to do is find this balance. We believe in a world where we can have safety and privacy.”

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  • Crypto entering biggest consolidation phase in history, says ARK analyst

    Crypto entering biggest consolidation phase in history, says ARK analyst

    An ARK Invest analyst says the cryptocurrency industry is entering what he describes as its biggest consolidation phase yet, with revenue increasingly concentrated among a handful of dominant protocols.

    In a Wednesday post on X, Lorenzo Valente, a research associate at ARK Invest, said investors have become increasingly selective, making it harder for crypto projects and exchanges without strong product-market fit to attract capital. As weaker projects struggle or shut down, revenue is becoming concentrated among a small number of dominant protocols, he said.

    As evidence, Valente said perpetual futures exchange Hyperliquid and memecoin launchpad Pump.fun account for roughly 67% of total crypto application revenue. Including synthetic dollar protocol Ethena raises the top three’s combined share to nearly 80%, highlighting what he described as record-high revenue concentration across the sector.

    Source: Lorenzo Valente

    Valente added that he expects the trend to accelerate in the coming months, leading to more mergers and acquisitions, Chapter 11 bankruptcies, project shutdowns and acqui-hires. Despite the shakeout, he described the consolidation as “extremely bullish” for the crypto industry.

    Related: ARK pushes back against a16z’s ‘TradFi wants blockchain, not DeFi’ claim

    Exchange closures add to consolidation narrative

    The comments come as several crypto exchanges have announced plans to wind down operations in recent days, underscoring mounting pressures across parts of the industry.

    Last week, BitMEX announced it would shut down its exchange in September after a strategic review by owner HDR Global Trading. The exchange had recently accelerated the delisting of trading pairs and derivative contracts, citing insufficient trading interest.

    Days later, BitMart announced it would end trading services on Aug. 26 before winding down operations entirely in January 2027. The exchange said the decision followed a review of its operating conditions, market environment and future strategic direction.

    Consolidation has also come through acquisitions. Earlier this month, Bybit launched a locally operated exchange in Indonesia after acquiring a majority stake in local digital asset firm NOBI, expanding its presence in one of Asia’s largest crypto markets.

    Source: BitMEX

    Magazine: The 100x obsession: Fundamentals grow in importance as crypto matures

  • Dr Anthony Fauci pleads the Fifth at Covid hearing

    Dr Anthony Fauci pleads the Fifth at Covid hearing

    NewsFeed

    Dr Anthony Fauci declined to answer questions at a Senate hearing on the origins of the Covid-19 pandemic. The former top US health official invoked his Fifth Amendment rights saying he feared Republican lawmakers could try to use his testimony to prosecute him for perjury.

  • Binance.US plans CFTC application in prediction market expansion

    Binance.US plans CFTC application in prediction market expansion

    Binance.US plans to apply for a designated contract market license from the Commodity Futures Trading Commission next month as the exchange prepares to expand into prediction markets.

    Chief executive Stephen Gregory disclosed the plan Wednesday during the Rare Evo conference in Las Vegas, according to Bloomberg, citing a Binance.US spokesperson.

    Receiving designated contract market status would allow Binance.US to operate a derivatives exchange under CFTC oversight and potentially list event contracts for retail customers.

    A designated contract market is a federally regulated exchange that can offer futures, options, and other derivative contracts. Applicants must satisfy CFTC requirements covering market surveillance, customer protection, financial resources, and safeguards against manipulation.

    Binance.US has not yet appeared on the CFTC’s public list of pending designated contract market applications, consistent with Gregory’s statement that the filing is planned for next month. Approval is not guaranteed and the company has not disclosed a timeline for launching any products.

    The planned application advances a broader comeback strategy centered on lower trading fees and an expansion beyond spot crypto trading.

    Gregory previously said the exchange was exploring retail derivatives and event based products as it attempts to regain market share lost during several years of regulatory uncertainty.

    At its peak in 2022, Binance.US controlled roughly 20% of the US crypto exchange market, according to CoinDesk Indices data. Its share has since fallen to nearly zero.

    Binance.US operates separately from the larger global Binance exchange, although the businesses share branding and beneficial ownership.

    The US company lost substantial trading activity following regulatory actions involving the broader Binance organization. The global exchange reached a $4.3 billion settlement with US authorities in 2023 over violations related to sanctions and money transmission rules.

    The prediction market sector has expanded rapidly as financial and crypto companies compete to offer event contracts tied to sports, elections, economic data, and other outcomes.

    However, the industry remains subject to legal and regulatory disputes. State authorities, consumer groups, and traditional gaming operators have challenged whether certain event contracts should be treated as federally regulated derivatives or gambling products governed by state law.

    The CFTC has also reminded designated markets that event contracts must comply with existing product submission, market integrity, and anti manipulation requirements.

  • Olivia Wilde Celebrates Audiences “Breaking Out of Their Boxes” to Accept Age Gap Romances on Film

    Olivia Wilde Celebrates Audiences “Breaking Out of Their Boxes” to Accept Age Gap Romances on Film

    After more than a decade away from film, Gregg Araki is back with I Want Your Sex, following a fresh-faced 23-year-old (Cooper Hoffman) who lands a job working for renowned artist and provocateur Erika Tracy (Olivia Wilde). Things quickly take a turn, though, as Erika chooses him to become her sexual muse.

    The erotic comedy plays into a recent trend of projects depicting older women in relationships with younger men, including 2024’s Babygirl and a side plot in Marty Supreme. Co-writer Karley Sciortino recently wrote an op-ed about Hollywood’s love of the new age gap, and at the movie’s L.A. premiere on Tuesday, Araki explained, “In the patriarchy, that’s normal, for the pretty young thing to be with the old rich guy. As women gain more power and more income and wealth, I think that it’s great that the tables get evened out a little bit.”

    Wilde — who has her own personal experience with age gap romances and the backlash that can surround them, from her time dating Harry Styles — celebrated “the fact that audiences are really open to a trend that for so long was dominated by the traditional older man, younger woman narrative. I think it’s exciting that people are breaking out of their boxes in different ways. I loved Babygirl; I think it’s exciting that people are open to different kinds of sexy love stories.”

    Araki explained how he chose his central pairing, having long wanted to work with Wilde but admitting he wasn’t sure about Hoffman at first because after seeing him in Licorice Pizza, “he was so young and I was like it’s a little creepy for her to be sleeping with this kid.” After meeting him, though, Araki was impressed by how Hoffman “has a lot of gravitas for somebody so young;” Hoffman explained in signing on, “I would be really shocked if people said no to this opportunity. It’s Gregg, it’s Olivia, it’s a wild sex movie — that feels so exciting to me, rather than something that’s boring and dull.”

    Wilde’s character in particular is very far from dull, with the star saying, “Madonna was a major source of inspiration, specifically the Truth or Dare documentary” and how she was “singular in her determination to stay true to herself and completely not giving a single fuck about if people didn’t approve of her.”

    The performance is also a big departure from her buzzy performance in The Invite, her other relationship comedy that came out this summer. “It’s wild because these two characters are the two kind of sides of my personality. I love that they’re so different but they’re really in the same conversation about intimacy and growing up,” Wilde said. “The Invite is about growing up into a different stage of life, I think; this one is really about adolescence and the idea of maturing into an adult and what it means to experiment and the importance of experimenting.”

    I Want Your Sex, which also stars Mason Gooding, Chase Sui Wonders, Johnny Knoxville, Margaret Cho and Daveed Diggs, hits theaters on Friday.

  • Lynette Howell Taylor Re-Elected President of Film Academy

    Lynette Howell Taylor Re-Elected President of Film Academy

    Lynette Howell Taylor was re-elected president of the Academy of Motion Picture Arts and Sciences, Hollywood’s Oscars-dispensing organization, by its board of governors at a meeting on Wednesday morning, the organization just announced.

    Howell Taylor, an Oscar-nominated film producer whose credits include both acclaimed indies (among them 2006’s Half Nelson, 2010’s Blue Valentine and 2016’s Captain Fantastic) and blockbuster studio films (such as 2018’s A Star Is Born, for which she received a best picture Oscar nomination), was first elected to the presidency a year ago. The 47-year-old, who, like the Beatles, hails from Liverpool, England, is the 37th person to hold the office.

    Howell Taylor joined the Academy in 2014 and was recruited to produce the 2020 Oscars telecast with Stephanie Allain. Later that same year, she was elected to represent the producers branch on the board of governors, and was re-elected to a second term three years later. Term limits require governors, after six consecutive years of service, to step away from the board for at least one year, so Howell Taylor is no longer a governor of the producers branch — but the board recently passed a bylaw amendment to allow a sitting Academy president to run for re-election to that role until they have served up to four consecutive one-year terms, with the goal of providing greater consistency and continuity to the board. So she remains on the board as an “ex oficio governor” — a voting member representing the Academy, not a specific branch.

    Also elected by the board to 2026-2027 officer positions:

    • Lesley Barber (Music Branch), Vice President (chair, Membership Committee)
    • David Dinerstein (Marketing and Public Relations Branch), Vice President/Treasurer (chair, Finance Committee)
    • Jennifer Fox (Producers Branch), Vice President (chair, Awards Committee)
    • Lou Diamond Phillips (Actors Branch), Vice President (chair, Equity and Inclusion Committee)
    • Howard A. Rodman (Writers Branch), Vice President/Secretary (chair, Governance Committee)

    Barber, Fox, Phillips and Rodman were re-elected as officers; Dinerstein was elected for the first time.

    “We are so deeply grateful to Lynette, Lesley, David, Jennifer, Lou and Howard for their commitment to the Academy and to our global film community,” Academy CEO Bill Kramer said in a statement. “As we move toward our 100th anniversary, I am excited to continue our vital work with the board and these exceptional board officers to support our members, the industry and the Academy’s mission and programs.”

  • Secure the Editor’s Choice-Winning Tapo 2K MagCam for 21% Off Today

    Secure the Editor’s Choice-Winning Tapo 2K MagCam for 21% Off Today

    There’s always a need to feel safe in your home. That’s why having security cameras is important, and your first line of defense should be an outdoor camera. The Tapo 2K MagCam two-pack just happens to be on sale over at Amazon, knocked down to $114.99 from its original $144.49 listing. That’s $30 in savings!

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    As of July 29, the Tapo 2K MagCam is 21% off. According to CamelCamelCamel, this is the lowest price it’s been at, so now’s a great time hop in!

    This Tapo 2K MagCam security camera is easy to install, so start feeling safe instead of feeling headaches! It’s also compatible with Amazon Alexa and Google Assistant, giving you a hands-off experience. The 10000mAh battery provides up to 300 days of use, ensuring that you’ll be able to get coverage for a large majority of the year. The camera provides 2K resolution that allows you to see every bit of detail from license plates, faces, and more. It has a 142-degree field-of-view so you can cover a broader area.

    With full-color night vision, you’ll still be able to see in low light conditions thanks to the built-in spotlights. The camera is two options when it comes to storing footage. You can either store it locally with a microSD card up to 512GB, or subscribe to Tapo’s cloud subscription service. The latter offers 30 days of video history in case you need to go back and double check something.

    Our expert John R. Delaney awarded it an “Outstanding” rating. In our in-depth review, he said, “The TP-Link Tapo Wire-Free MagCam is a 2K outdoor camera that’s easy to install and packed with features, including built-in spotlights, color night vision, and a rechargeable battery that can last nearly a year.”

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    If you’re looking for alternatives, check out the Ring Outdoor Cam Pro and the Eufy SoloCam S340.

    Check out our other outdoor camera coverage and Amazon deals.

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