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  • Rubio says US policy on Iran is ‘a head for an eye’

    Rubio says US policy on Iran is ‘a head for an eye’

    NewsFeed

    US Secretary of State Marco Rubio says Iran will continue to ‘pay the price’ for what he said was the failure to stick to agreements, telling reporters that President Trump’s policy is ‘a head for an eye’.

  • ‘Brave New Love’ Dives Into Lust, Infidelity, Norms, Motherhood and Shame (Exclusive Clip)

    ‘Brave New Love’ Dives Into Lust, Infidelity, Norms, Motherhood and Shame (Exclusive Clip)

    Can you be happily married while leading a double life? Especially if that double life involves another person? One way to explore that question is to watch Kate, the protagonist of Brave New Love, the new feature film from writer-director Maria Bäck (I Remember When I Die, Psychosis in Stockholm) that will world premiere on Aug. 9 in the international competition of the 79th edition of the Locarno Film Festival in Switzerland.

    But be warned: things may get awkward at times.

    After all, Kate, a hypnotherapist, lives happily with her husband, Orla, and their daughter, Athena. But she also shares a secret romantic relationship with another man, Andreas. “After years of secrecy, the fragile balance of her double life begins to unravel,” reads a synopsis. “As a role model to her daughter, she struggles to navigate her existential quest – a journey filled with body fluids, intimacy, Greek mythology, laughter, madness, and clumsiness.” In the process, Kate struggles to redefine love.

    Kathrine Thorborg Johansen (Post Mortem: No One Dies in Skarnes) stars as Kate, Simon Sears (Shadow and Bone) is husband Orla, and Anders Danielsen Lie (Sentimental Value, Everybody Digs Bill Evans, The Worst Person in the World) portrays Andreas. Young Noemi Carbone Mannov plays Athena, and Angeliki Papoulia (Dogtooth, The Lobster) also features in the cast.

    Produced by Anna-Maria Kantarius, Brave New Love features cinematography by Maria Von Hausswolff, with editing handled by Julius Krebs Damsbo. Reinvent Yellow is in charge of International sales.

    “There are so many rules and inherited expectations attached to love,” Bäck says about the film. “I wanted to explore these often absurd ideas through wit and sensuality, and create a mirror for the loneliness and power of a heart set on fire.”

    THR can now exclusively premiere a clip from Brave New Love that introduces you to Kate in a scene that is likely to take your breath away – and not necessarily in the way you may expect.

    You might remember that Madonna, in her 1998 hit “Frozen,” sang: “Love is a bird; she needs to fly.” Well, the scene here fits in with that line – but again, not necessarily in the way you may expect. Watch the exclusive clip from Brave New Love right here.

  • Matt Rife Sets Four-Night Comedy Cruise for 2027

    Matt Rife Sets Four-Night Comedy Cruise for 2027

    Matt Rife is ready for that cruise life.

    The superstar comedian announced a unique new venture, Suite Rife On Deck, a comedy cruise featuring some of his stand-up pals on board for a four-night voyage setting sail from Miami with a stop in Grand Turk from Feb. 10-14, 2027. The cruise will take place on MSC Poesia.

    The comedy cruise has already booked performances from Craig Robinson, Nate Jackson, Lukas Zelnick, Erik Griffin, Finesse Mitchell, Shapel Lacey, Ian Edwards, April Macie, Paul Elia, Martin Amini, David Lucas, Jackson McQueen, Clayton Thomas, Janet McNamara, Erica Rhodes, Cam Bertrand, Matt Lopes and Doug Key. But it won’t just be jokes on stage as there will be live music from Blake Whiten and DJ sets from Cosmo Baker, DJ Rock and DJ Spider.

    “All right guys, I have been thinking about this for a very long time and it’s finally coming to life,” Rife said in a new video posted Tuesday on Instagram. He promised great comedians, great musicians, great people — only. “Only cool people, only good vibes.”

    Rife also promised “infinite activities on this boat,” like a “welcome roast toast,” a swimsuit competition with prizes, a talent show with prizes, movie nights, an all-star comedians basketball game and more. Registration is now open with packages set to go on sale Tuesday, July 28. Added bonus: The first 500 cabins booked will include an onboard meet and greet and photo opportunity with Rife. The full schedule will be announced soon.

    The voyage is mounted in partnership with experiential events and hospitality company 100x Hospitality with travel & production services provided by Cloud 9 Adventures. “Suite Rife On Deck is about creating an experience that goes far beyond a comedy show, giving fans the opportunity to spend four unforgettable days immersed in Matt’s world. We’re excited to partner with Matt and Cloud 9 Adventures to bring people together through comedy, connection, and a truly unique vacation experience,” offered 100x Hospitality CEO Dan Berkowitz.

    Up next, Rife will star opposite Owen Wilson in the R-rated comedy, Rolling Loud, that hits theaters on Oct. 2. He will also costar Julia Garner in Netflix’s limited series, The Altruists, which is based on the collapse of the FTX crypto currency exchange

    Courtesy of Suite Rife on Deck

  • Venice Unveils 2026 Lineup (Updating Live)

    Venice Unveils 2026 Lineup (Updating Live)

    The 83rd Venice International Film Festival is unveiling its official lineup today.

    Venice artistic director Alberto Barbera and Pietrangelo Buttafuoco, president of the Biennale di Venezia, will confirm the films running in competition and main sidebar sections.

    You can follow their presentation, starting from 11 am local time at La Biennale Library of the Historical Archive in Venice, on the festival site or on its social media channels on YouTube, X, TikTok, and Facebook.

    Venice, alongside Cannes, is considered the world’s most prestigious film festival and a major awards season prognosticator.

    The festival has already confirmed that Danny Boyle’s Ink, a biographical drama starring Jack O’Connell, Guy Pearce and Claire Foy, about Rupert Murdoch and his British tabloid empire, will open this year’s event, on Sept. 2. Dio Ride, an Italian period drama from director Giovanni Veronesi starring Pierfrancesco Favino (Maria, Rush) will close the fest on Sept. 12.

    Maggie Gyllenhaal (The Lost Daughter, The Bride!) will head up this year’s Venice competition jury as president, picking the winner of the Golden Lion for best film. George Clooney, a Lido regular, will receive an honorary Golden Lion lifetime achievement award.

    Last year’s Biennale included several high-profile premieres, though many — Benny Safdie’s The Smashing Machine, Noah Baumbach’s Jay Kelly, Kathryn Bigelow’s A House of Dynamite — were award season flops.

    The only 2025 Venice title to score at the Oscars was Guillermo del Toro’s Frankenstein, which picked up 9 Academy Award nominations, winning three, for Best Costume Design, Best Production Design and Best Achievement in Makeup and Hairstyling. Bugonia, from Yorgos Lanthimos, another Venice world premiere, picked up three Oscar nominations but won none. Kaouther Ben Hania’s The Voice of Hind Rajab, which won Venice’s Silver Lion last year, was nominated for Best International Feature but lost out to Joachim Trier’s Sentimental Value.

    Europe’s other big festivals, Cannes and Berlin, struggled this year to attract films from major studios, leading to speculation that the majors are going cold on the festival circuit. Barbera has traditionally proven adept at enticing the studios, and Netflix, to premiere their prestige titles on the Lido. This year’s lineup will see if he still has the touch.

  • Sarajevo Film Festival Unveils Competition Programs With 21 World Premieres, Six International Premieres

    Sarajevo Film Festival Unveils Competition Programs With 21 World Premieres, Six International Premieres

    The Sarajevo Film Festival, the leading festival for South-East European cinema, unveiled the lineups for the four competition sections on Thursday, which include 21 world premieres, six international premieres, one European premiere and 23 regional premieres. The 32nd edition runs from Aug. 14 to 21.

    The narrative feature films section includes nine films from South-East Europe, of which one film will have its world premiere, one its international premiere, one its European premiere, and six their regional premieres.

    Elma Tataragić, the programmer of the section, said, “The selection is dominated by second and third features, alongside one debut and two fifth feature films, reflecting both the emergence of new voices and the continued development of established auteurs. Together, these nine films offer a rich panorama of contemporary regional cinema, spanning intimate family dramas, coming-of-age stories, social realism, and formally adventurous works. With six of the nine films directed by women, this year’s competition reflects not only the artistic diversity of the region but also the growing strength and plurality of voices shaping its cinematic future.”

    Competition Program – Narrative Feature Film:
    EVERYTHING THAT’S WRONG WITH YOU, Urša Menart (Slovenia, Germany, Serbia, 2026, 97 min.) – World Premiere
    After the emotional collapse that follows her mother’s death, Maruša builds an online bond with Alja, a nurse living in a small coastal town in Germany. Bonding through humor over their shared struggles, Maruša and Alja quickly develop a friendship that is put to the test when they finally meet in person.
    SMALL THINGS, Zvonimir Jurić (Croatia, Slovenia, Serbia, 2026, 80 min.) – International Premiere
    During a winter weekend, sisters Anica and Irena, accompanied by Irena’s two children, travel to an island to visit their father and their brother Ivan, a quiet loner. The reason for the gathering is their father’s decision to sell the family land. Confined in the worn-down family house, the members of the family are forced to confront long-suppressed tensions and difficult choices, while one of them will have to make the ultimate sacrifice.
    SKATEBOARDING IS NOT FOR GIRLS, Dina Duma (North Macedonia, Belgium, Slovenia, Croatia, 2026, 82 min.) – European Premiere
    In Skopje, 11-year-old Adela and her elder sister Zara share a deep bond shaped by their navigation of two contradictory worlds. At school, they are typical, rebellious teens with skateboards, social media, crop tops, and boyfriends. After school, in a quiet and disciplined mode, they help their mother with cleaning jobs to make ends meet. When poverty shakes the family, Adela tries to find a way to save her sister – still a minor – from a fate that is becoming almost inevitable: an arranged marriage.
    17, Kosara Mitić (North Macedonia, Serbia, Slovenia, 2026, 105 min.) – Regional Premiere
    Seventeen-year-old Sara is hiding a secret during a school trip. When the excursion spirals out of control and Sara witnesses her friend Lina being sexually assaulted, the two girls try to break the cycle of casual violence. This seals an everlasting bond between them.
    DUA, Blerta Basholli (Kosovo, Switzerland, France, 2026, 101 min.) – Regional Premiere
    Pristina, Kosovo, late 1990s. As war looms and ethnic tensions escalate, 13-year-old Dua struggles to find her place among her peers and within her changing body. After an incident shakes her community, she becomes a target herself and bonds with a fearless girl who draws her toward an unexpected form of resistance. Between the daily violence and the growing threat of exile, there is little room for quiet awakenings.
    EVERYTIME, Sandra Wollner (Austria, Germany, 2026, 121 min.) – Regional Premiere
    A tragedy brings a mother, a daughter, and a teenage boy together. Struggling with blame and forgiveness, the unlikely trio takes a trip to Tenerife for a family holiday that never happens. Under the glow of the sun, past and present quietly start to overlap.
    SHAME AND MONEY, Visar Morina (Germany, Kosovo, Slovenia, Albania, North Macedonia, Belgium, 2026, 129 min.) – Regional Premiere
    A couple in their forties live with their extended family in rural Kosovo, where they make a modest living from their farm. Following a familial dispute, their livelihood is lost. They are forced to move to Pristina, where the pressure to provide for their family weighs heavily on the parents as they do their best to find work and a place to stay. A journey into a hyper-capitalist society begins.
    SUPPORTING ROLE, Ana Urushadze (Georgia, Estonia, Türkiye, 2026, 139 min.) – Regional Premiere
    Niaz Ninua has seen brighter days. Once a leading man, he stepped away from cinema some 15 years ago. When he decides to return, he discovers a landscape that no longer revolves around him. He attends a casting session for a supporting role in a debut feature directed by a young woman. The encounter bruises his pride, and he leaves unconvinced, dismissing the role as pretentious. Yet, as he replays the encounter, Niaz begins to sense a pull toward the role he so quickly dismissed. What seemed beneath him starts to reveal contours he did not anticipate.
    YOU DON’T BELONG HERE, Florin Șerban (Romania, 2026, 154 min.) – Regional Premiere
    Marius, the chief medical officer at a hospital in his small hometown, is raising his teenage son Ioan alone after the death of his wife. Marius is a confident professional who has no idea what his son gets up to at night: cycling through town vandalizing cars with a gang of masked vigilantes. Marius’ world is shaken when he learns the police have come to suspect his son of murder.

    Competition Program – Documentary Feature:
    BEAR WITH ME, Martin Genovski (Bulgaria, 2026, 84 min.) – World Premiere
    GOOD PEOPLE, Milcho Manchevski (North Macedonia, 2026, 86 min.) – World Premiere
    THE BALKAN COWBOY, Dragana Jurišić (Croatia, Ireland, 2026, 93 min.) – World Premiere
    THE FORBIDDEN AUNT, Bojana Novaković (Serbia, Australia, 2026, 82 min.) – World Premiere
    WE SHALL LIVE TOGETHER, Damir Markovina (Croatia, Bosnia and Herzegovina, 2026, 75 min.) – World Premiere
    DON’T ASK ME IF I KILLED, Helena Maksyom (Romania, Netherlands, Germany, Ukraine, 2026, 103 min.) – International Premiere
    FRAGMENTS OF BELONGING, Tatjana Božić (Croatia, Netherlands, Germany, 2026, 80 min.) – International Premiere
    WHEN I GET OUT, Metod Pevec (Slovenia, 2026, 106 min.) – International Premiere
    32 METERS, Morteza Atabaki (Türkiye, Iran, Qatar, 2025, 83 min.) – Regional Premiere
    BUGBOY, Lucas Paleocrassas (Greece, France, Denmark, 2026, 87 min.) – Regional Premiere
    ELECTING MS SANTA, Raisa Răzmeriță (Moldova, Romania, 2025, 95 min.) – Regional Premiere
    FOR LIFE, Ahmet Seven (Türkiye, 2026, 89 min.) – Regional Premiere
    TO HOLD A MOUNTAIN, Biljana Tutorov, Petar Glomazić (Serbia, France, Montenegro, Slovenia, Croatia, 2026, 105 min.) – Regional Premiere

    Competition Program – Documentary Shorts:
    BRO RAM, Branko Schmidt (Croatia, 2026, 14 min.) – World Premiere
    FAHRUDIN, Alen Drljević (Bosnia and Herzegovina, 2026, 20 min.) – World Premiere
    OF LIGHT GHOSTS, Isabella Fellinger (Austria, 2026, 27 min.) – World Premiere
    THE CAPTAIN AND THE CASPIAN SEA, Turkan Huseyin (Azerbaijan, 2026, 30 min.) – World Premiere
    DEAR ORCHID, Hana Selena Sokolović (Bosnia and Herzegovina, Croatia, Serbia, Netherlands, 2026, 18 min.) – International Premiere
    ASPARAGUS BEAR, Ivan Grgur (Croatia, 2025, 18 min.) – Regional Premiere
    HOLY DEFIANCE, Karla Jelić (Croatia, 2026, 15 min.) – Regional Premiere
    THE FERRY FLOWS, Zhora Papoian (Ukraine, United Kingdom, 2026, 18 min.) – Regional Premiere

    Out of Competition
    YUGO GOES TO AMERICA, Filip Grujić, Aleksa Borković (Serbia, Croatia, 2026, 87 min.) – National Premiere

    Competition Program – Narrative Short Film
    DITCH, Marianna Vas (Hungary, 2026, 24 min.) – World Premiere
    HIDDEN IN FRAME, Anna Sarukhanova (Georgia, United Kingdom, 2026, 16 min.) – World Premiere
    MAMAMA, Danica Dakić (Bosnia and Herzegovina, 2026, 8 min.) – World Premiere
    PATCH, Luka Galešić (Croatia, 2026, 13 min.) – World Premiere
    PORKATAL, Sis Gürdal (Türkiye, France, United Kingdom, 2026, 16 min.) – World Premiere
    ADGWA-ATA, Zsuzsanna Krief (Hungary, France, 2026, 15 min.) – Regional Premiere
    COSMONAUTS, Leo Černic (Slovenia, Italy, 2026, 14 min.) – Regional Premiere
    GO OUTSIDE AND HUG A TREE, Irina Alexiu (Romania, 2026, 14 min.) – Regional Premiere
    MOTHERHOOD, Anca Damian (Romania, Belgium, France, 2026, 18 min.) – Regional Premiere
    NOBODY SAID ANYTHING, Tamara Todorović (Serbia, France, Slovenia, Croatia, 2026, 15 min.) – Regional Premiere

    Competition Program – Student Short Film
    HYENA, Fanny Rösch (Austria, 2026, 23 min.) – World Premiere
    NEIGHBOR, Dan Grabnar (Serbia, 2026, 17 min.) – World Premiere
    SISTERS, Sara Ećimović (Serbia, 2026, 21 min.) – World Premiere
    THE GO-BETWEEN, Emir Solaković (Bosnia and Herzegovina, 2026, 7 min.) – World Premiere
    UNWELLNESS, Réka Pinczés (Hungary, 2026, 21 min.) – World Premiere
    WATER WALLS, Bianka Szelestey (Hungary, 2026, 34 min.) – World Premiere
    THE FUTURE IS IN YOUR HANDS, BUT WHY NOT LEND IT TO THE SPECIALISTS?, Alexandra Schinteie (Romania, 2026, 18 min.) – International Premiere
    A. WANTS OUT (ON NEUTRALITY), Zorah Berghammer (Austria, 2026, 18 min.) – Regional Premiere
    BONEFUZZ, Márk László (Hungary, 2026, 10 min.) – Regional Premiere
    OVER THE THRESHOLD, Tara Gajović (Serbia, 2026, 15 min.) – Regional Premiere
    RABBIT DON’T RUN, Maximilian Conway, Elisabeth Jakob (Austria, 2026, 30 min.) – Regional Premiere

  • 24/7 financial rails: How BNY plans to eliminate the weekend lag in U.S. Treasuries

    24/7 financial rails: How BNY plans to eliminate the weekend lag in U.S. Treasuries

    BNY, the world’s largest custody bank, plans to support round-the-clock settlement of conventional and tokenized U.S. Treasuries in 2027, after completing an after-hours trade involving the reserves of 2 stablecoin issuers.

    The bank will test tokenized Treasuries on a private blockchain by the end of the year and will extend its existing settlement network later this year to cover more of the Asian, European and U.S. trading days, according to a letter sent to clients reported by Bloomberg.

    The earlier transaction involved Ripple’s $RLUSD and OpenEden’s USDO with Ripple participating directly, while BNY’s cash-management business unit Dreyfus acted for OpenEden.

    Tradeweb handled the trade after Fedwire Securities had stopped processing secondary-market Treasury transfers for the day, according to the report.

    BNY said the transaction settled shortly afterward through existing cash rails. The securities were not tokenized, but the test instead showed that Treasury activity tied to stablecoin reserves could continue after the main U.S. settlement window closed.

    $RLUSD and USDO hold short-dated government debt as reserve assets. The tokens trade continuously, but the Treasuries behind them remain tied to weekday settlement windows.

    That can delay reserve adjustments following large creations, redemptions or collateral calls.

  • Daniel Wu on ‘Cold War 1994,’ ‘Twilight of the Warriors’ and Coming Home to Hong Kong: ‘The Craft Still Challenges Me’

    Daniel Wu on ‘Cold War 1994,’ ‘Twilight of the Warriors’ and Coming Home to Hong Kong: ‘The Craft Still Challenges Me’

    Daniel Wu received the Best from the East Award at the New York Asian Film Festival, capping a stretch that has put him back at the center of Hong Kong’s two biggest franchises: “Cold War 1994” and the “Twilight of the Warriors” series.

    “Cold War 1994” is the third installment in the “Cold War” series, a prequel written and directed by Longman Leung and produced by Bill Kong and Ivy Ho, set in the run-up to Hong Kong’s 1997 handover. The first two films, released in 2012 and 2016, were the highest-grossing Hong Kong productions of their respective years. In the new film, Wu plays Peter Choi opposite Terrance Lau’s M.B. Lee, a character previously portrayed as a full-blown villain by Chang Kuo-chu in “Cold War 2.”

    Wu tells Variety he never consciously stepped away from Hong Kong film. The pandemic simply thinned out a schedule that had settled into a rhythm of one American project and one Asian project a year. When “Cold War” came along, the pull was the production itself.

    “It’s going to be a quality production, the scale of it, the script,” Wu says of what drew him back, pointing also to the chance to work alongside three generations of Hong Kong actors, including Lau, whom he singles out as representative of the industry’s new generation.

    The film folds a police procedural into a much larger political canvas, tracking the British colonial government, the Hong Kong police, a powerful business dynasty and the criminal underworld as the territory changes hands. Wu, who was 22 at the time of the actual handover, says the setting let the production dig into a period of corruption and upheaval he lived through but never fully understood until now.

    Playing a younger version of a character already established as an antagonist gave Wu a different kind of challenge than he’s used to. He calls the role the most morally ambiguous he’s taken on, since it required tracing how a man who becomes an “evil mastermind” gets there gradually, through a series of compromised choices, rather than starting out that way.

    Returning to a Hong Kong set after several years away felt less like a job and more like a reunion, Wu says. He recalls arriving for his costume fitting and recognizing nearly everyone in the room, a small-industry familiarity he doesn’t get on American productions, where he’s lucky to know one or two people on a given crew. Sitting down on set with his rice box for lunch, eating char siu fan alongside people he’d worked with for decades, brought back what he calls a genuinely warm feeling. He credits Hong Kong crews with a particular work ethic: “efficient, fast, and no bullshit,” a directness he links to a broader Hong Kong attitude of simply getting things done.

    Wu spent much of his “Cold War 1994” press tour in Hong Kong wearing a hat that, it turns out, was hiding a new haircut for his role in “Twilight of the Warriors: The Final Chapter,” the sequel to director Soi Cheang’s “Twilight of the Warriors: Walled In.” That 2024 film, adapted from Yu Yi’s novel “City of Darkness” and the manhua of the same name by Andy Seto, became Hong Kong’s second-biggest commercial hit ever and swept the Hong Kong Film Awards. Where “Walled In” was set in the 1980s, the new installment moves the story to 1993, the year Kowloon’s Walled City was demolished.

    Wu, who studied the Walled City’s architecture in school, calls the setting a rare chance to build a mainstream action franchise around a genuinely singular piece of Hong Kong urban history. He sees both projects as part of a broader shift in how Hong Kong cinema treats its own past, using the 1990s, a decade he says filmmakers “glossed over” while living through it, as material for reflection rather than backdrop.

    That shift, Wu says, is happening at a moment when Hong Kong productions can draw on newer digital tools while still leaning on the practical, in-camera stunt work the industry built its reputation on, recalling a time when performers “threw themselves off the top of a building and just did it for real in camera.” He pushes back on the long-running narrative that Hong Kong film is dying, arguing instead that it’s in something closer to a renaissance, even with a fraction of the annual output it had in the 1980s and ’90s. “There’s a lot of interesting films being made, whether big scale or small scale, a lot of great performances, a lot of great scripts being written,” he says.

    The kinds of roles Wu is offered in Hong Kong have shifted too, from the younger leading-man parts that defined much of his career to more mature, fatherly characters, a change he credits partly to age and partly to the character work he’s done in the U.S., where his credits have included the AMC martial-arts series “Into the Badlands,” HBO’s “Westworld,” the film “Tomb Raider” and the animated series “American Born Chinese.” He says that kind of opportunity has thinned out generally, arguing Hollywood has moved past a period of genuinely interesting roles for Asian American actors and back toward “crumbs” or stereotypical parts. He’s more pointed about the ceiling he still sees in the industry, where he says opportunities for Asian American actors, and especially Asian American males, remain narrow.

    Moving between the two industries has left Wu with what he describes as an unusual sense of identity, neither fully of one world nor the other, but both at once. He notes that his experience differs from most Asian American peers, many of whom have never topped a call sheet, while his own career has run the opposite path: character roles in the U.S., leading roles in Asia. He also points to a structural difference between the two systems: Asian productions tend to run through a single director’s vision, while larger American productions are often shaped by committee, with multiple producers weighing in, leaving him unsure at times whose direction to follow.

    Looking back over 25 years, Wu points to his collaboration with director Derek Yee, spanning six films including “One Nite in Mongkok,” “Drink-Drank-Drunk,” “Protégé” and “Triple Tap,” as the turning point that pulled him away from the romantic leads he was initially cast in and toward the darker, more complex characters he prefers. He likens the partnership to Robert De Niro’s with Martin Scorsese, a shorthand so complete that he’d commit to a Yee project without reading the script. “That put my career in a direction that I wanted it to go,” he says.

    Wu is now developing two scripts for the American market and one for the mainland Chinese market, a deliberate move toward more proactive control over his own projects, with an eye toward eventually returning to directing, nearly two decades after his 2007 feature debut, “Heavenly Kings.” Whatever comes next, he says the appeal hasn’t changed. Whether it’s a script’s demands or the actors around him, every project still teaches him something new. “I would say the craft, the craft still challenges me,” Wu says.

  • BitMEX to Close on September 23, Halts New Sign-Ups

    BitMEX to Close on September 23, Halts New Sign-Ups

    In brief

    • Crypto derivatives exchange BitMEX said Thursday it will shut down on September 23, 2026, and has already stopped new account registrations.
    • The company cited a strategic review of the business and the wider crypto industry as being behind the decision.
    • BitMEX urged users to close positions and withdraw funds before the deadline.

    BitMEX, one of crypto’s oldest derivatives venues, is shutting down.

    The platform will cease operations on September 23 at 04:00 UTC, its operator, HDR Global Trading, said Thursday, pinning the decision on a “strategic review of the business and the broader industry.” New account sign-ups have already been halted. The move, BitMEX said, “comes with a heavy heart.”

    Users have two months to get out. Trading continues as normal until August 26, when BitMEX will bar new positions and let traders only reduce existing ones. From there it will force-close open positions to wind the market down in an orderly fashion, and any left open at the deadline will be closed automatically. Even after the shutdown, the company said, users can still log in to withdraw balances—though those who leave funds parked will eventually be charged a monthly account fee.

    Founded in 2014 by Arthur Hayes, Benjamin Delo, and Samuel Reed, BitMEX built a template much of the industry still runs on. In May 2016 it launched the perpetual swap—a no-expiry futures contract offering up to 100x leverage. Crypto perps have since gone on to reach volumes of $61.7 trillion in 2025, per CryptoQuant, up $13.8 trillion on the previous year. BitMEX noted it had gone more than 11 years without losing user funds to a hack—a pointed claim in a year defined by nine-figure exploits.

    Its later history was rockier. BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act over lax anti-money-laundering controls, and paid $100 million in penalties. In March 2025, U.S. President Donald Trump pardoned Hayes and his co-founders, wiping out the criminal case that had shadowed the exchange for years. BitMEX told users to trade on “the many excellent platforms that have followed in our footsteps.”

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  • BitMEX, the exchange that invented perps, is shutting down

    BitMEX, the exchange that invented perps, is shutting down

    The exchange has immediately halted all new account registrations following a strategic business review by its parent company, HDR Global Trading Limited. The wind-down ends an 11-year run for the Seychelles-incorporated venue, which debuted in 2014 and pioneered the foundational plumbing for modern digital asset derivatives trading.

    The wind-down forces an immediate reduction of risk across the system, because while standard trading will continue for the next few weeks, the platform will apply strict limits on Aug. 26 to stop users from opening any new positions. Between that date and the final September deadline, operators will systematically force close all remaining open contracts to ensure the market shuts down in an orderly manner.

    The main challenge BitMEX faces is how to offramp user assets into fiat currencies of their choice, as network congestion on the Bitcoin blockchain could cause significant withdrawal delays. However, the company’s current proof of reserves indicates that platform liabilities fully cover customer assets.

    This exit marks the end of an 11-year run for the digital asset derivatives venue, which maintained a clean security record and lost no user funds to hacks or smart-contract exploits despite facing years of intense regulatory enforcement actions by global authorities.

    The news comes just three weeks after BitMEX lost its CEO, chief financial officer and head of growth.

  • Venice Film Festival Reveals 2026 Lineup (Updating Live)

    Venice Film Festival Reveals 2026 Lineup (Updating Live)

    The Venice Film Festival is about to reveal its 2026 lineup, promising a plethora of buzzy titles from international directors.

    Like Cannes this year, Venice is expected to have a lighter Hollywood presence than in previous editions. But that does not mean there won’t be a robust roster of awards contenders.

    As previously announced, the festival will open with the world premiere of Danny Boyles “Ink,” which will also compete for the festival’s prestigious Golden Lion. The 1960s-set biographical drama stars Guy Pearce as divisive business magnate Rupert Murdoch and Jack O’Connell as Larry Lamb, the editor of Murdoch-owned U.K. tabloid The Sun. Netflix recently acquired the U.S. rights to the film.

    Closing Venice this year is “Dio Ride,” the latest work from Italian filmmaker Giovanni Veronesi, in the out of competition section. The film, whose title translates to “God Laughs,” stars Pierfrancesco Favino (“Maria,” “World War Z”) as a friar in 17th-century Tuscany who manages to speak about God in a more joyful way. However, his light-hearted approach provokes the hostility of the church.

    “The Bride” and “The Lost Daughter” director Maggie Gyllenhaal is set to preside over the competition jury, the third woman to do so in the past five years following Isabelle Huppert, Julianne Moore and Cate Blanchett. She will be joined by Hong Kong filmmaking giant Johnnie To, Tunisian director Kaouther Ben Hania, Afghan filmmaker Shahrbanoo Sadat, French director and screenwriter Xavier Giannoli, “The Brutalist” composer Daniel Blumberg and U.S.-based Italian film academic Francesco Casetti.

    George Clooney and Ellen Burstyn will be honored with lifetime achievement awards.

    The 83rd Venice Film Festival runs from Sept. 2 to 12.

    See the full lineup below, updating live.

    COMPETITION

    “Ink,” Danny Boyle (opening film)

    VENICE OPEN (OUT OF COMPETITION — FICTION)

    “Dio Ride,” Giovanni Veronesi (closing film)

    OUT OF COMPETITION — NON-FICTION

    FILMS ON FILMS

    OUT OF COMPETITION — SHORTS

    OUT OF COMPETITION — SERIES

    HORIZONS

    Elsa Keslassy contributed to this report.