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  • Sanctioned Russia-linked Grinex halts operations after large-scale crypto hack

    Sanctioned Russia-linked Grinex halts operations after large-scale crypto hack

    Grinex, a sanctioned Russia‑linked crypto exchange, announced Thursday it had been targeted in a large-scale cyberattack that led to the theft of more than one billion rubles (approximately $13.7 million) from user accounts. The company claimed the incident may have been linked to foreign intelligence agencies.

    In an official statement, the exchange stated that technical evidence points to an unusually high level of sophistication, suggesting access to capabilities typically limited to state-backed entities. Early assessments indicate the attack was organized to inflict direct damage on Russia’s financial system.

    Grinex has faced ongoing challenges since its inception, including sanctions, targeted wallet monitoring, and blocked transactions aimed at limiting crypto transfers beyond the CIS, according to the exchange.

    The breach is described as a new phase of destabilization involving coordinated cyber theft targeting Russian users.

    As a result, Grinex has suspended its services and provided all collected information to law enforcement. Relevant authorities have been alerted and a criminal investigation is now underway.

    The Garantex backstory

    To understand why Grinex matters at all, it is important to first consider the background of Garantex. That exchange, sanctioned by OFAC in April 2022, became one of the most active conduits for Russian sanctions evasion and ransomware laundering over its six-year run.

    From 2019 through its disruption by international law enforcement in March 2025, Garantex processed $96 billion in transactions. When authorities shut it down, they froze $26 million in assets, a rounding error relative to the volume that had already flowed through.

    Following the takedown of Garantex by global law enforcement, investigators from TRM Labs reported that a new exchange, Grinex, had been identified as a likely successor.

    TRM Labs’ analysis shows that Garantex had been heavily involved in sanctions evasion and illicit finance, processing massive transaction volumes despite OFAC restrictions. Prior to its shutdown, it began transferring assets into A7A5, a ruble-linked stablecoin used across the Ethereum and TRON networks, which may have been designed to help preserve liquidity and bypass enforcement actions.

    In the aftermath, Grinex was promoted by Garantex-linked Telegram communities and showed strong operational similarities, including interface design and user migration patterns.

  • The Translation Layer: Why AI Is Necessary to Scale Decentralized Finance

    The Translation Layer: Why AI Is Necessary to Scale Decentralized Finance

    The emergence of artificial intelligence (AI) agents in decentralized finance signals a transition into an autopilot era. Jacob C. of Coinfello argues that these agents fundamentally enhance how users interface with complex smart contracts.

    Key Takeaways:

    • AI agents like Coinfello automate DeFi tasks once reserved for hedge funds to manage 24/7 market risks.
    • Jacob C. warns that the “translation layer” must solve oracle and agency risks for DeFi to scale safely.
    • By 2030, Jacob C. predicts dapps will decline as AI agents become the primary way to use smart contracts.

    The Shift to Autonomous Finance

    The shift from manual interaction to artificial intelligence (AI) agents in decentralized finance (DeFi) represents the autopilot era of crypto. In the past, DeFi required users to be glued to screens, monitoring gas fees, slippage, and liquidation risks. Today, autonomous agents are taking over the heavy lifting, providing continuous monitoring that was previously available only to institutional hedge funds.

    In some cases, agents can automatically pull liquidity out of a pool if they detect a rug pull pattern or if a stablecoin starts to de-peg. According to Jacob C., the co-founder and CEO of Coinfello, AI agents are also enhancing the way DeFi users interact with smart contracts.

    “Before AI agents, users were required to trust a centralized intermediary website (the dapp) which pointed at the smart contract,” Jacob C. said. “They had to trust the website to honestly convey what a smart contract does, to legitimately point at the correct smart contract, and to not be hacked by a malicious third party.”

    AI agents like Coinfello, Jacob C. argues, are eliminating this risk by interfacing directly with smart contracts, reading them, and explaining their risks to users. In other words, AI agents act as a translation layer that could prove vital if DeFi is to scale to levels that seem impossible now.

    Nevertheless, while AI agents undeniably enhance efficiency and streamline complex workflows, they also expose systems to new vulnerabilities—most notably oracle dependency, where external data sources can distort outcomes, and a subtle erosion of human agency, as decision-making authority shifts from individuals to algorithms. The Coinfello CEO concurs, warning that users still need to be able to verify or audit an agent before completely surrendering control or access to their funds.

    “Most of the AI agents that we see on the market today require users to transfer funds into a wallet fully controlled by the AI agent, and to trust that the agent will not make mistakes or will not be malicious,” the CEO said.

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    To get around this problem, Jacob C. said his platform uses what he called “ liquidity sandboxing,” a concept he says enables users to approve individual permissions to the AI agent that limit which tokens the agent can access. The Coinfello team believes this approach “creates guardrails that fundamentally solve the dangers of securely using AI agents.”

    Regarding the prospects of DeFi in the age of AI agents, Jacob C. foresees these agents automating actions that a user otherwise would not have time to monitor, such as dollar-cost averaging or executing personally defined trading strategies. By 2030, he predicts decentralized applications ( dApps) will decline to the point where they are no longer the primary way people use smart contracts.

  • Ben Stiller Reveals He Didn’t Love All the ‘Meet the Parents’ Sequels

    As fans anticipate the new addition of Ariana Grande to the Meet the Parents franchise, original star Ben Stiller has revealed that he didn’t love all the previous sequels.

    After 2000’s Meet the Parents became a box office hit, Stiller and Robert De Niro went on to reprise their roles as Greg Focker and Jack Byrnes, respectively, in three more installments: 2004’s Meet the Fockers, 2010’s Little Fockers and the upcoming Focker-In-Law.

    The new film, hitting theaters on Nov. 25, centers on Greg and Pam Focker’s (Teri Polo) son Henry (Skyler Gisondo), who causes family chaos when he decides to marry Olivia Jones (Grande), a strong-willed woman who appears to be his complete mismatch.

    The Arianators are clearly excited, with one asking on X, “Yall I did not watch the first 3 movies (and I don’t want to watch it either) but I want to watch the 4th one. Will I lose major plot?”

    And none other than Greg Foster himself, aka Stiller, replied: “No! But I stand by the first two.”

    Though the Zoolander star didn’t share details on why he isn’t a big fan of the third installment, another person followed up in a second post, “So what went wrong with Little Fockers? You worked on it.” Stiller added, “We always try. Fully.”

    Little Fockers definitely won’t be making it on Stiller’s list of all-time favorite films, but he does seem excited about the new sequel with Grande following his recent appearance at CinemaCon in Las Vegas.

    While on stage during Universal Pictures’ presentation, the Night at the Museum actor joked that the franchise’s team planned a “fully intentional 15-year break between movies three and four.” Stiller also teased De Niro at one point, noting that he’s now roughly the same age that the Oscar winner was in the 2000 film.

    “I guess you could say I’m the new De Niro of the franchise,” Stiller quipped, leading De Niro to come out and defend himself. “Don’t say that. It’s very disrespectful,” the Killers of the Flower Moon actor replied. “You made a very unflattering comparison that forced me to defend my honor.”

     Owen Wilson and Blythe Danner and Polo are also all reprising their roles in Focker-In-Law.

  • ‘Perfect Crown’ Scores Disney+’s Biggest K-Drama Debut to Date

    Perfect Crown is Disney‘s new streaming king in the Korean drama category. The smash-hit rom-com, which launched on Disney+ on April 10, has achieved the platform’s biggest-ever viewership for a Korean series within five days of launch.

    Disney+ announced the record on Thursday but declined to release specific viewership figures, saying only that Perfect Crown has become the No. 1 most-viewed Korean series premiere on the platform globally.

    The series — which also airs domestically on MBC in Korea’s coveted Friday-Saturday prime-time slot — is set in an alternate-reality version of modern South Korea where the country remains a constitutional monarchy. Pop-star-turned-actress IU stars as Seong Hui-ju, the sharp-elbowed heir to a major Korean conglomerate whose commoner status grates against her ambition. Byeon Woo-seok plays Grand Prince I-AN, the king’s second son, whose royal title comes with little else. When mounting pressures push the two into a marriage of convenience, the arrangement proves harder to keep strictly transactional than either of them planned.

    Byeon Woo-seok and IU star in ‘Perfect Crown.’

    Disney+

    The pairing has generated outsize anticipation. IU, one of the biggest stars in Korean entertainment, arrives fresh off her acclaimed turn in Netflix’s When Life Gives You Tangerines, the sweeping Jeju Island romance that won best drama at last year’s Baeksang Arts Awards. Byeon, meanwhile, became one of the country’s most bankable leading men virtually overnight after the 2024 tvN romance Lovely Runner turned him into a phenomenon. The two previously shared the screen about a decade ago in SBS’s Moon Lovers: Scarlet Heart Ryeo (2016), when Byeon was still a little-known supporting player.

    Perfect Crown is directed by Park Joon-hwa, known for a string of hits in the rom-com and fantasy genres, including What’s Wrong With Secretary Kim and the tvN mega-hit Alchemy of Souls. Yoo Ji-won wrote the series.

    Perfect Crown streams on Disney+ internationally and on Hulu in the U.S. The show entered Disney+’s Global Top 10 within days and has trended in more than 40 countries.

    Perfect Crown arrives at a moment when Disney+ is working rapidly to establish the kind of steady Korean content pipeline that Netflix has built over the past decade. The platform scored a major hit with the 2023 action-thriller Moving and has steadily expanded its K-drama slate with titles like A Shop for Killers, Gangnam B-Side and Light Shop. The company has several high-profile Korean projects in the pipeline, including a second season of A Shop for Killers; The Remarried Empress, starring Shin Min-a, Ju Ji-hoon and Lee Jong-suk; and The Koreans, a high-profile remake of FX’s The Americans starring Lee Byung-hun and Han Ji-min.

    New episodes of Perfect Crown are released every Friday and Saturday at 11:20 p.m., Korean standard time. The series runs through May 16.

  • US panel approves Trump’s design for massive arch in Washington, DC

    US panel approves Trump’s design for massive arch in Washington, DC

    The proposed 76-metre arch would tower over other iconic landmarks in Washington, DC, and has attracted scrutiny.

    United States President Donald Trump’s goal of erecting a colossal arch in Washington, DC, has taken another step forward, with a key agency approving his proposed design for the monument.

    The US Commission of Fine Arts, whose members were appointed by Trump, gave its go-ahead to the president’s design for a lofty 76-metre-high (250-foot) arch.

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    If given final approval, the arch would be built on Memorial Circle, between the Arlington National Cemetery and the Lincoln Memorial. It would tower above other landmarks in the national capital.

    White House spokesperson Davis Ingle hailed the commission’s approval as a “step in accomplishing President Trump’s promise to the American people from the campaign trail — to Make America Safe and Beautiful Again”.

    But the arch has faced criticism, including for potentially obscuring views of the national cemetery, a resting place for war veterans.

    Public Citizen Litigation Group is representing some Vietnam War veterans in a lawsuit against the proposed construction, which they argue needs congressional approval.

    Even the vice chair of the Commission of Fine Arts, James McCrery II, suggested that Trump’s proposed “Triumphal Arch” ditch the winged statue and eagles on its top. He also opposed the lions at its base, pointing out that African animals are “not a beast natural to the North American continent”.

    The enormous arch is another effort by the US president to leave his mark on the physical landscape of Washington, DC.

    In January, he told reporters he wants the arch to be the “biggest one of all”. The commission still needs to vote on final approval for the proposal after reviewing updated designs.

    Current plans show the arch would be significantly larger than the Lincoln Memorial, which is 99 feet (30 metres) tall, and about twice as tall as the famous Arc de Triomphe in Paris, which the design resembles.

    The phrases “One Nation Under God” and “Liberty and Justice for All” would be written in gold lettering atop either side of the monument.

    About three out of every four people who delivered public comments about the project expressed opposition, many of them citing its enormous size.

    But the arch is one of several Trump projects that have received public pushback.

    Trump has sought to paint the granite of the Eisenhower Executive Office Building white, and his allies plan to close the Kennedy Center for the Performing Arts, a national theatre complex, for two years of renovations, after adding Trump’s name to the exterior.

    One of the most permanent changes so far has been the abrupt demolition of the White House’s East Wing, in order to make room for an enormous ballroom, long one of Trump’s priorities.

    But that project is likewise entangled in legal battles, with critics arguing that congressional approval is required.

    On Wednesday, Judge Richard Leon clarified that construction on underground structures at the ballroom site could continue, as part of an exemption he previously allowed for national security concerns.

    But he maintained his short-term injunction against construction on the ballroom itself, batting down Trump’s position that the whole project should proceed.

    “Defendants argue that the entire ballroom construction project, from tip to tail, falls within the safety-and-security exception and therefore may proceed unabated,” Leon wrote in Thursday’s ruling.

    “That is neither a reasonable nor a correct reading of my Order!”

    The president responded on social media by calling Leon an “out of control Trump hating” judge. Leon was appointed in 2002 under Republican President George W Bush.

  • Charles Schwab Weighs Prediction Markets Move as Bitcoin, Ethereum Trading Nears

    Charles Schwab Weighs Prediction Markets Move as Bitcoin, Ethereum Trading Nears

    In brief

    • Charles Schwab President and CEO Rick Wurster indicated that America’s largest discount brokerage will likely support prediction markets.
    • However, he said that the company plans to steer clear of topics that touch pop culture, politics, and sports in favor of wagers tied to financial events.
    • Separately, the company said that it is rolling out access to Bitcoin and Ethereum trading in the coming weeks.

    America’s largest discount brokerage is eyeing prediction markets, but Charles Schwab President and CEO Rick Wurster sees a big distinction between speculation on Taylor Swift’s love life and the latest inflation numbers.

    “At some point, we will likely have prediction markets,” Wurster said during the company’s first-quarter earnings call on Thursday, describing wagers on financial events as distinct from topics like sports, politics, and pop culture.

    With $11.8 trillion in total client assets, Charles Schwab’s support of prediction markets would serve as the latest sign that Wall Street giants are embracing technology historically viewed as a fringe playground or regulatory gray area. However, Wurster indicated that Charles Schwab isn’t among firms racing to bring products associated with the sector to market.

    “It’s not at the top of our clients’ list,” he said. “And if you look at the stats on the success of gamblers, they’re not strong and people generally lose money.”

    The assessment comes as exchange operators like Cboe Global Markets prepare to debut event contracts tied to financial events, mirroring platforms like Polymarket and Kalshi while using traditional financial rails. And last month, Nasdaq filed with the SEC to offer options contracts for yes-or-no bets on whether a specified event happens.

    “That’s something certainly we will take a hard look at and then will be quite straightforward for us to offer,” Wurster said. “When we do, we’ll stay away from gambling.”

    Whether it’s Robinhood or Coinbase, prediction markets have emerged as core offerings for platforms aimed at retail investors through integrations with Kalshi. Last week, sports wagers accounted for 78% of the platform’s volume at $2.7 billion, according to a Dune dashboard.

    Asked whether Charles Schwab’s prediction market offering would tap Polymarket or Kalshi, a spokesperson told Decrypt the company—which notched a record 9.9 million trades in the first quarter—doesn’t have anything to share beyond Wurster’s comments at this time.

    As Robinhood and Coinbase have expanded their offerings, so too has Charles Schwab, which said Thursday that it plans to roll out access to trading Bitcoin and Ethereum in the coming weeks. At a rate of 0.75% per trade, the firm said in an announcement that its fees are “among the lowest in the industry.”

    The discount brokerage said it plans to grow its crypto offering over time by adding a suite of features Robinhood and Coinbase users are already familiar with. That includes the ability to deposit and withdraw digital assets, as well as an expansion of the tokens it supports.

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  • Stack BTC CEO Steps Down as Farage-Linked Bitcoin Venture Reshuffles Leadership

    Stack BTC CEO Steps Down as Farage-Linked Bitcoin Venture Reshuffles Leadership

    In brief

    • Stack BTC CEO Jai Patel has exited the Bitcoin treasury firm’s board, with David Galan taking over as chief executive.
    • Reform UK leader Nigel Farage has invested around $291,000 in the firm.
    • The Liberal Democrats have called for an FCA inquiry into Farage’s promotion of Stack BTC.

    Stack BTC has replaced its chief executive after completing a shift in strategy, marking a fresh attempt to stabilise the UK Bitcoin-focused investment vehicle and bolster investor confidence. The company said on Wednesday that Jai Patel, who founded the business in its earlier form, had stepped down from the board with immediate effect.

    Announcing the change in a tweet, the firm said that incoming chief executive David Galan brings a mix of dealmaking, financial and operational experience suited to its approach.

    “Stack BTC isn’t a fund. It isn’t a single-thesis bet. It acquires cash-generative operating businesses and uses that engine to accumulate Bitcoin,” it said.

    “Executing that model at scale requires someone who understands the numbers, can close deals, and can manage institutional capital relationships, all at once. David does.”

    The company holds just over 68 BTC, valued at $4.76 million in current market prices. It reported an average entry price of about $70,000 per Bitcoin and said the position is up 2.7%.

    The leadership switch comes as cryptocurrency businesses become increasingly entangled with UK political figures, with Reform UK leader Nigel Farage among the most prominent political advocates of the sector. He announced his backing of the company in early March.

    From Kasei Holdings to Stack BTC

    Stack BTC relaunched in March with investment from Farage and former Conservative chancellor Kwasi Kwarteng, recasting itself as a Bitcoin treasury company. Its strategy centres on buying profitable operating businesses and using their cash flows to build a growing Bitcoin reserve.

    The business originated as Kasei Holdings. It was established in 2021 before changing its name to Kasei Digital Assets and then finally StackBitcointreasury.

    Since rebranding, the company has sought to present itself as a more focused vehicle. Patel remains a shareholder, while Galan—who has a background in property and corporate finance—has been tasked with delivering the revised model.

    Farage invested £215,000 ($291,000) in the relaunched company and also took part in a £260,000 ($352,000) fundraising round earlier this year. The value of his holding has risen alongside movements in the Bitcoin price.

    Some industry figures have expressed doubts about the venture’s positioning. Speaking to The Guardian, Ian Taylor of CryptoUK called the project a “PR branding exercise,” arguing that investors should “be doing their due diligence on the financials, the quality and experience of the management.”

    Earlier this week, the Liberal Democrats called for an FCA inquiry into a promotional video released by Stack featuring Farage. Party leader Daisy Cooper said the regulator “must investigate whether Farage’s plans to cash in on crypto could potentially amount to market abuse and a conflict of interest,” accusing him of “using the Donald Trump playbook to put his own financial interests above the public good.”

    Speaking to the BBC, a spokesperson for Farage stated that the video, which announced Slack’s purchase of £2 million in Bitcoin, was a “photo call,” and that the Reform UK leader “bought the crypto on behalf of Stack and not personally.”

    Reform UK and crypto

    Reform UK has embraced cryptocurrency more openly than other major parties, previously accepting digital asset donations and promoting pro-crypto policies.

    Campaigners and politicians have argued that crypto-based donations could obscure the origin of funds or enable foreign influence in UK elections. The government has responded by introducing a temporary ban on such donations following a review into electoral risks, with further rules expected.

    Farage and his supporters have pushed back, arguing that digital assets can be accommodated within existing frameworks and warning that tighter controls could disadvantage newer political entrants.

    Stack BTC and Nigel Farage have both been approached for comment.

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  • NBA Fantasy — Salary Cap Edition: 2025-26 recap, part 2

    NBA Fantasy — Salary Cap Edition: 2025-26 recap, part 2

    The Nuggets’ Nikola Jokić became the first player ever to lead the league in rebounds and assists.

    A select few players didn’t just dazzle every now and then. They sparkled and shined on a regular basis during the 2025-26 season of NBA Fantasy — Salary Cap Edition.

    Now that we’ve reached the end of the road, it’s time to highlight those exemplary individuals who fantasy general managers stuck with through thick and thin.

    Here are the award winners from this fantasy season:


    Most Valuable Player: Nikola Jokić, Denver Nuggets

    With every step, he seems to make history. In every game, he’s likely to do something special. That’s just who Nikola Jokić is on the hardwood. The three-time MVP and eight-time All-Star takes the cake as the best player in fantasy — again.

    He became the first player ever to lead the league in rebounds and assists. He’s also one of two alongside Russell Westbrook to average a triple-double in back-to-back seasons. At 31 years old, Jokić led all players with 4,464 total fantasy points and 68.6 fantasy points per game.

    What’s perhaps most remarkable is that he accomplished all that despite missing 17 games in 2025-26. He also scored 80 or more fantasy points in 23% of games he did play. For now, and likely in years to come, there is simply no fantasy option quite like Jokić.


    Rookie of the Year: Kon Knueppel, Charlotte Hornets

    The race for this award was neck-and-neck. Both Kon Knueppel and Cooper Flagg have been exceptional first-year fantasy options following similarly exceptional seasons at Duke. The edge, though, goes to Knueppel because of one crucial difference.

    Flagg racked up 3,015 TFP on a $13.1M salary, but his former teammate had 2,706 TFP at nearly half the price — just $7.4M. Dollars matter in this salary-cap based fantasy game. Since slotting into the starting five at shooting guard, Knueppel has become a terrific bargain.

    He averaged just 22.1 FPPG through his first six games with the Hornets. Those numbers nearly doubled in no time at all, as he put up 41 FPPG in the next nine. Knueppel started an impressive 80 games in all for the Hornets, and among his teammates, placed third with 33.4 FPPG.


    Most Improved Player of the Year: Ryan Rollins, Milwaukee Bucks

    In his first few seasons, Ryan Rollins bounced around from team to team, starting with the Golden State Warriors and Washington Wizards. But neither of them kept the Toledo product around long enough for him to get comfortable.

    He was elevated to starting point guard for Year 3 with the Bucks, and that role took him to new heights. Rollins finished with 2,870 TFP and 38.7 FPPG at a salary of $6.7M, creating enough value for 25.6% of fantasy general managers to roster him.

    He began 2025-26 on a roll — 40.3 FPPG across his first six games — and never cooled off from there. Ultimately, he wound up with 24 outings of 45-plus fantasy points, even breaking 60 on a few occasions. As the Bucks find a new coach, it would be wise to keep Rollins around.


    Bargain of the Year: Collin Gillespie, Phoenix Suns

    No team wanted Collin Gillespie in the 2022 NBA Draft. Every one of them passed on him, and some did so multiple times. So he spent this season — his third in the league — proving to each of them why it was a mistake not to call his name.

    The 26-year-old guard had the best year of his young career, ultimately producing 2,426 TFP on a salary of $5.6M for the highest value of any player in the game. He appeared in 80 contests for the Suns while coming off the bench behind Devin Booker and was responsible for 30.3 FPPG.

    His reliability proved attractive to fantasy general managers, and every now and then, he performed at an even higher level. Gillespie tallied 16 games with 40 or more fantasy points featuring a stretch of five straight from Dec. 23-31. Teams know his name now.

  • Netflix cofounder Hastings to step down after it lost Warner Bros deal

    Netflix cofounder Hastings to step down after it lost Warner Bros deal

    The company’s stock plunged about 8 percent on the news of Hastings’s departure.

    Netflix Chairman Reed Hastings is leaving the streaming service he cofounded 29 years ago as the company regains its footing after it lost its $72bn deal for Warner Bros Discovery to Paramount Skydance.

    In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits.

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    The company’s stock plunged about 8 percent on the news of Hastings’s departure. The cofounder is credited with helping to revolutionise how movies and television shows are delivered in homes, upending Hollywood’s business model.

    “Netflix is growing revenues double-digits, expanding margins in 2026 and gushing free cash flow,” said LightShed Partners media analyst Richard Greenfield. “While the Q1 was uneventful financially, the departure of Reed Hastings has spooked investors.”

    Netflix reaffirmed in a 14-page shareholder letter that its mission remains “ambitious and unchanged” – to entertain the world, providing movies and series for many tastes, cultures and languages. The company’s full-year outlook remained unchanged.

    The company did not say how it plans to spend the $2.8bn termination fee it received after losing the Warner Bros movie studio and HBO, and lifted its earnings per share to $1.23 in the first quarter compared with 66 cents per share in the same quarter last year.

    Revenue rose to $12.25bn, an increase of 16 percent from the year-ago period, modestly exceeding analyst forecasts of $12.18bn.

    Netflix, which long told investors that a Warner Bros acquisition was a “nice to have, not need to have” proposition, highlighted areas of future growth.

    The company said its investment in expanding its entertainment offerings, with video podcasts and live entertainment – such as the World Baseball Classic in Japan – is driving engagement.

    It plans to use technology to improve the user experience and improve monetisation, as advertising revenue remains on track to reach $3bn in 2026 – a twofold increase from a year ago.

  • US State Department restricts visas for those who ‘support adversaries’

    US State Department restricts visas for those who ‘support adversaries’

    The State Department in the United States has announced it is restricting visas for “individuals from countries in our hemisphere who support our adversaries in undermining America’s interests in our region”.

    Thursday’s statement underlined that 26 individuals had already seen their visas stripped as part of the policy.

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    The State Department’s stance comes as President Donald Trump seeks to expand US influence across the Western Hemisphere, as part of a platform he calls the “Donroe Doctrine”, a riff on the 19th-century Monroe Doctrine.

    Since taking office for a second term, Trump has taken an aggressive stance towards stopping drug trafficking across the Americas, threatening economic penalties and military action for noncompliance.

    He has also sought to check China’s growing sway over the region, as an increasing number of Latin American countries tighten their bonds with the Asian superpower.

    The State Department explained that the expanded visa restrictions would penalise those who “knowingly direct, authorise, fund, or provide significant support to” US adversaries in the Western Hemisphere.

    “Activities include but are not limited to: enabling adversarial powers to acquire or control key assets and strategic resources in our hemisphere; destabilising regional security efforts; undermining American economic interests; and conducting influence operations designed to undermine the sovereignty and stability of nations in our region,” the statement added.

    The language was vague, never mentioning China or the campaign against drug-trafficking cartels.

    But it continues a trend under the Trump administration to revoke visas from foreign critics and political opponents.

    Last year, for instance, the administration sought to revoke visas for pro-Palestine protesters, claiming their presence could have foreign policy consequences for the US.

    More recently, the administration has terminated the immigration visas for at least seven individuals with familial ties to the Iranian government or individuals connected to the 1979 Iranian revolution.

    Revoking visas

    The statement on Thursday did not identify the 26 individuals facing visa restrictions as part of the expanded policy.

    But it cited the same authority under the Immigration and Nationality Act that the Trump administration has used to attempt to deport pro-Palestine student protesters last year.

    Under the law, the entry of foreign nationals can be restricted when the secretary of state has reason to believe they pose “potentially serious adverse foreign policy consequences for the United States”.

    While the administration has abandoned deportation efforts against some of the targeted individuals, at least two, Mahmoud Khalil and Badar Khan Suri, continue to face expulsion.

    More recently, the administration has terminated the immigration visas for at least seven individuals with familial ties to the Iranian government or individuals connected to the 1979 Iranian revolution.

    Already, some figures in Latin America have seen their visas revoked over political disagreements with the US.

    In July, Brazilian officials involved in the prosecution of former right-wing President Jair Bolsonaro saw their US visas withdrawn. They included Brazilian Supreme Court Justice Alexandre de Moraes, a frequent target of right-wing ire.

    Then, in September, the Trump administration stripped Colombian President Gustavo Petro of his visa after he made an appearance at the UN General Assembly that was critical of US policy.

    The State Department, at the time, denounced Petro for “reckless and incendiary actions”. He was later invited to visit the White House in February, as part of a detente with Trump.

    Visa restrictions have been part of Trump’s larger policy to exert pressure on foreign groups and limit immigration into the US.

    Earlier this year, the administration enacted immigrant visa bans on dozens of countries, citing both national security and alleged stresses on social services.

    Trump has also sought to take a more militaristic approach towards Latin American governments it deems as adversarial, referring to the whole of the Western Hemisphere as the US’s “neighbourhood”.

    In January, the US launched an attack on Venezuela that culminated in the abduction and imprisonment of Venezuelan leader Nicolas Maduro, and it has also initiated an ongoing fuel blockade against Cuba.

    Some of Trump’s actions in the region have been deadly. The Venezuela attack left dozens of Cubans and Venezuelans killed. And since September, the Trump administration has conducted at least 51 lethal strikes on alleged drug-smuggling boats in the eastern Pacific Ocean and Caribbean Sea.

    The death toll in that campaign has reached at least 177 people. Rights groups have decried the attacks as extrajudicial killings.

    But the Trump administration has labelled multiple drug cartels as “foreign terrorist organisations” and has argued they are seeking to destabilise the US through the drug trade.