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  • Framework launches the Laptop 13 Pro with Intel’s new Panther Lake chips

    Framework’s lineup of modular, repairable laptops has seen the company grow from a niche to the mainstream. Now, the company is launching a pro version of its 13-inch laptop, but it’s still held close to all of its principles. Because while this all-new version has plenty of bells and whistles, almost all of its components are still instantly compatible with the rest of the range. You can take a part from this new 13 Pro, and install it into the first-generation 13 launched back in 2021 without much fuss.

    Framework Laptop 13 Pro is touted as a “ground up redesign” of the existing 13, taking into account feedback from its dedicated and passionate users. That includes a far bigger battery, new chassis, new memory, haptic trackpad and a custom touch display. It also comes in black and, even in the press images, it’s immediately clear it’s a better color for the company’s austere industrial design. CEO Nirav Patel smiled knowingly when I said it’s immediately evocative of a ThinkPad, and I mean that in the most complimentary way.

    Two Framework 13 Pro models side by side.

    Framework

    The biggest change has been to boost the battery to 74Wh to address gripes about longevity. It’s the second time Framework has boosted the cell size, which started at 55Wh and presently runs to 61Wh. To make the battery fit, the bottom of the chassis has been redesigned, filling out the chamfers present on the existing 13. Framework says the Pro’s lifespan will hit 20 hours of uptime while streaming Netflix in 4K, and says it’ll post the videos to YouTube to prove it.

    Given the redesigned lower chassis, the new battery is the one part you can’t simply drop into an older machine. “You’ll need the new bottom cover to fit,” explained Patel, “but because we’ve also increased the thickness of the battery, you have to switch over to the new input cover that has the haptic trackpad.” Patel added while you may need to pair up some parts from upgrades, there’s no component that you can’t retrofit. The new chassis means the speakers are now side-firing, and are now Dolby Atmos-certified.

    The bigger battery is working in tandem with Intel’s new Core Ultra Series 3 chips which promise to be incredibly efficient. Both Intel and Framework are sure the Panther Lake silicon is going to sip at that beefy battery, but with enough grunt to play AAA games. Users will get the pick of a Core Ultra 5, X7 or X9, with the promise all of them will be able to eat a game like Cyberpunk 2077 for breakfast, lunch and dinner. At the same time, the Pro will also launch with an AMD Ryzen AI 300 series mainboard option, which are the same mainboards found on the 2025 Laptop 13.

    Image of a Laptop 13 Pro with SODIMM installation

    Framework

    The last major shift has been in the RAM, going from regular SO-DIMMs to LPCAMM2. The newer hardware design enables the use of LPDDR5X RAM with its better power efficiency and faster memory bandwidth. And it’s not soldered to the board, so you can add in more at some unspecified future date. Which is important if, I dunno, for some reason the global RAM market suddenly crunches and you need to mortgage a kidney for a single stick.

    Naturally, I wanted to know how this would impact the laptop’s thermals, Framework’s weak spot. Patel said the mainboard’s cooling has been tweaked (once again), this time with some extra help from Intel. He added the Pro he was using to run our call hadn’t spun up its fans in half an hour which, for a Framework, is a big deal. As always, I’ll reserve judgment until I’ve seen the thing in person.

    The Pro is also a way for Patel to fix some of the compromises the company had to make at its genesis. “As a startup six years ago, we just didn’t have access,” said Patel, “when we go to a display vendor [now] and say ‘we want a custom panel’ they say ‘okay, let’s talk specs’ rather than ‘who are you?”’ The 13 Pro ships with a 13.5-inch, 3:2, 2,880 x 1,920 touch display with a variable refresh rate between 30 and 120Hz. Its backlight pushes all the way to 700nits, it has a 1800:1 contrast ratio and per-unit color calibration.

    I was surprised the 13 Pro has touch given it’s still a 13-inch productivity notebook without a wraparound hinge. “All the way back in 2021, when we first launched, we were getting asked for touch support,” said Patel. But the company was naturally resistant, assuming touch was an unnecessary addition for a machine of this class. It was only when building the Laptop 12 did the team find it to be quite useful. “It was a slam dunk. We know people want it, we used it on the 12, we like it and it doesn’t actually cost that much. Let’s just add it in,” said Patel.

    Image of the Framework 13 Pro being pointed at to demonstrate it has a touchscreen

    Framework

    Framework knows touchpads are a weak spot for Windows laptops when compared to those made by Apple. Consequently, the Pro 13 has a haptic touchpad with four piezo elements that, it’s hoped, will stand shoulder-to-shoulder with a MacBook Pro. The new input cover keeps the came keyboard and fingerprint sensor, wisely not touching a feature that isn’t broken and doesn’t need fixing. What is cool, however, is the more punky gray and black aesthetic on the keyboard that splits the difference between a ThinkPad and a cyberdeck. “A big part of this goes back to the idea to build the ultimate developer laptop,” said Patel.

    Existing Framework owners may be concerned about how this will affect their machine’s longevity. The company might not like me saying, but to me, the Pro name is only meaningful if you’re buying a new machine off the shelf with the new features in one package. There’s nothing stopping you from upgrading your existing machine to match the pro in one go, or as your needs evolve. That’s fundamentally the company’s greatest strength, since it has committed to bringing every single one of its existing users along. But doesn’t make for the splashiest headlines when it comes to debut a new product.

    Framework Laptop 13 Pro is available to pre-order today, with the first shipments due to start in June. The base-model pre-built Windows system will start at $1,699, while the DIY model will set you back $1,199.

  • Framework is building an eGPU kit for its Laptop 16

    Framework’s Laptop 13 Pro may be the star of today’s launch, but it is by no means the only product the company is unveiling. We’re also seeing some quality-of-life upgrades for the Laptop 16, a new wireless keyboard and a carrying case. Plus, it’s addressing something a vast number of its own users have demanded for a while: A 10GB Ethernet expansion card.

    Laptop 16

    Image of the Framework 16

    Framework

    The top deck of the Laptop 16 is sufficiently customizable that you can cram in any number of modules alongside the keyboard and trackpad. If you want an area blank, then you can just put in the requisite spacer, but that creates an unintended problem for some users. CEO Nirav Patel admitted the areas where the modules sit side-by-side can trap some people’s arm hairs, leading to some unplanned depilations when they move away from the deck. To solve this, the company is releasing a new all-in-one trackpad and all-in-one keyboard cover. The trackpad has also been updated to the same haptic model found in the 13 Pro. Plus, it’s now available with a lower-end Ryzen 5 340 mainboard as a more affordable entry level model.

    At the back of the Laptop 16 is an expansion module slot that either holds a blank unit or the discrete graphics hardware. Last year, the company launched a module with an RTX 5070 inside and, now, it’s started thinking about using it for eGPUs as well. The OCuLink Dev Kit (pictured, above) is a prototype board using OCuLink 8i which can connect directly to your mainboard over its native PCIe lanes.

    If you already own a blank module, you won’t need to buy a replacement either. Framework has ensured you can simply drop the OCuLink board into the slots of your existing one. As well as the board, the kit includes an OCuLink Dock that’ll let you slot in any off-the-shelf PCIe card — including GPUs, 100Gb Ethernet and video capture — and run it as if you had your very own desktop.

    Sadly, it’s not yet ready for prime time and so far all the company has said is we’ll see more about the hardware “later this year.”

    Wireless Touchpad Keyboard

    Image of the keyboard

    Framework

    “There’s one living room keyboard that everyone owns, that Logitech keyboard they haven’t updated in 15 years,” said Patel. “I’ve got two of them, polled the team, and a bunch of them all have the same keyboard,” he added. But Patel’s frustration drove him and his team to build their own, better model, which has been an idea since development work started on the Framework Desktop. It was only when the team learned that the Desktop was being used as a living room PC, however, that they actually brought it to market. It is, in fact, using the same excellent keyboard hardware as found on the Framework Laptop 12, repackaged for its all-in-one form.

    Laptop Sleeve

    Framework

    Framework

    Framework’s built a laptop sleeve containing extra pockets for your spare expansion cards and screwdriver. Patel said that the real focus was on ensuring the materials used had as small a carbon footprint as possible.

    10Gb Ethernet Expansion Card

    Image of Framework's 10Gb Ethernet card

    Framework / WisdPi

    Rounding out the announcements is a 10Gb Ethernet expansion card for users who want a faster wired internet experience than the current 2.5Gb model. But this isn’t a Framework product per-se, but was designed and developed by hardware makers Wisdpi. Patel said the community is so passionate that they’re constantly looking at new chip and hardware announcements. They then head to the company’s forums to ask “Hey, like, can we get a Framework version of this?” he explained. The advent of a slender 10Gb Ethernet chip was enough to inspire one third-party developer to build an Expansion Card module to harness it. “Basically, we got in contact with them,” said Patel and offered some guidance to help build the module. And once it was finished, Framework is now acting as a reseller to enable the whole community to easily buy it. Patel admitted that a 10Gb Ethernet Card would inevitably cater to a fairly niche customer, but “love to see a third party come in and fill that gap.”

  • Bitcoin slides toward $75,000 as Warsh says Trump didn’t demand he cut rates

    Bitcoin slides toward $75,000 as Warsh says Trump didn’t demand he cut rates

    Crypto and crypto markets pulled back Tuesday as Federal Reserve chair nominee Kevin Warsh said U.S. President Donald Trump never demanded he cut rates when he takes the helm at the central bank.

    Speaking before the Senate Banking Committee, Warsh emphasized the independence of the Federal Reserve, pushing back on speculation about political pressure on rate decisions.

    “I never said to the president where I think rates should be… and I wouldn’t have even thought about doing so,” Warsh said.

    Trump has repeatedly called for lower interest rates, putting pressure on current Fed Chair Jerome Powell and drawing concerns over the central bank’s independence.

    Warsh also struck a constructive tone on crypto, saying digital assets are “already part of the fabric of our financial services industry.”

    Trading just below $77,000 earlier in the session, BTC slipped to around $75,500 during Warsh’s hearing, some 0.6% lower over the past 24 hours.

    The move mirrored broader markets. The Nasdaq and S&P 500 both fell about 0.5%, giving up early gains as investors digested signals on monetary policy.

    Crypto-related stocks declined more. Exchange Coinbase (COIN) dropped 5%, while Robinhood (HOOD), a retail brokerage with significant crypto trading exposure, fell 3.5% during the session. Galaxy (GLXY), a digital asset investment firm, slid 4.5%, while stablecoin issuer Circle (CRCL) was nearly 6% lower.

    While Warsh’s remarks suggested that he felt less urgency to cut rates, he would likely still favor lower rates as chairman, according to Matt Mena, senior crypto research strategist at asset manager 21shares.

    “While [Warsh] maintains a reputation for fiscal discipline, he has spent years arguing that the central bank’s reliance on lagging data has kept rates unnecessarily high, stifling growth and creating market volatility,” Mena said in a note.

    He added that Warsh’s appointment could also prove positive for crypto policy, noting he would be the first Fed chair with deep ties to the digital asset industry. Warsh has invested in dozens of crypto and decentralized finance (DeFi) projects and views bitcoin as “the new gold for people under 40,” he added.

    Looking towards the second half of 2026, , Mena argued that a more proactive easing stance could create a “high-liquidity environment” that has historically supported risk assets like bitcoin, potentially pushing prices back toward $100,000.

  • Reese Witherspoon Confronts Backlash to AI Comments and Says “No One is Paying Me”

    Reese Witherspoon went viral last week — nearly five million views on Instagram and countless more when her comments were shared across platforms — for suggesting that her followers embrace and learn how to use artificial intelligence. “It’s time. It’s time, people,” she said in an IG Reel.

    While some of her famous friends loved the seemingly organic promotion (“THIS,” commented Kerry Washington), not everyone was as enthusiastic. The backlash spread pretty far and wide as many on social media criticized Witherspoon for a multitude of reasons from the impact AI data centers have on the environment to how AI companies have stolen artists’ intellectual property to feed and train models, and more. Others flagged it as suspicious, questioning the timing and whether or not she has a partnership with AI companies.

    Well, the Oscar winner has seen the backlash and responded. “Well, I guess my AI post got people talking,” Witherspoon posted on Instagram Stories on Monday. And she directly addressed whether or not she was being paid to promote AI, a claim that surfaced after her comments went viral and gained even more traction after Sandra Bullock said at CNBC’s Changemakers event that it’s time to lean into AI. “We have to use it in a really constructive and creative way, make it our friend,” Bullock said. The back-to-back AI promotion inspired theories that the Oscar winners were being paid to promote AI. Not so fast, Witherspoon said.

    “To be clear, no one is paying me to talk about this,” stated her post. “I’m just a curious human. My kids are learning about AI tools, I know a lot of founders who are vibe coding, and I hear about people using AI in EVERY sector of business.”

    Witherspoon also directly addressed some of negative impacts AI is having on employment and the environment. “But I want to acknowledge people’s concerns, they are valid. I’m aware of the impact this could have on jobs across so many industries. I understand environmental concerns. I care deeply about local communities. And I have concerns about impending [artificial general intelligence].”

    She continued: “I don’t believe computers should replace humanity. I’m planning on learning as much as possible so that I’m educated about this technological revolution. If you want to learn with me, great, let’s do this! If you don’t, that’s okay too.”

    For those who wish to follow Witherspoon on her AI educational and experimentation journey, she tagged a bunch of female creators whose voices are “helping make sense of AI right now.” Those include Shae O. Omonijo, Harper Carroll, Allie K. Miller, Cat Goetze, Sinéad Bovell and Dr. Nici Sweaney. See her posts below.

    Reese Witherspoon addressed backlash to her comments on artificial intelligence on Instagram Stories on April 20, 2026.

    Credit: Reese Witherspoon/Instagram

  • Kumail Nanjiani, Jim Belushi, Brittany O’Grady and Taylor John Smith Join Sci-Fi Thriller ‘Green Bank’ (Exclusive)

    Kumail Nanjiani, Jim Belushi, Brittany O’Grady and Taylor John Smith Join Sci-Fi Thriller ‘Green Bank’ (Exclusive)

    Kumail Nanjiani, Jim Belushi, Brittany O’Grady and Taylor John Smith have joined Tatiana Maslany in Green Bank, an independent sci-fi horror thriller Pangaea Studios, Big Swell Entertainment and Nocturnal Kid.

    Josh Ruben, who previously helmed the rom-com slasher Heart Eyes, is directing the feature, which is begins production this week at Pangaea Studios in Atlanta.

    Written by Aaron Horwitz (The Cleansing Hour), Green Bank is set in Green Bank, West Virginia, a real world town that has been known since the late 1950s for having a “quiet zone” that severely limits radio and electronic transmissions due to scientific research being conducted in the area. It has since been expanded to include Wi-Fi and cell service.

    O’Grady is playing the lead of the story, which follows infant sleep-trainer who discovers that the parents of the child she is caring for are far more than the clueless yuppies they appear to be.

    Producing are Andy Horwitz (Suicide Squad, Triple Frontier) of Big Swell Entertainment, Jack Greenberg (Speed The Plow) of Pangaea Studios, and Ruben via his Nocturnal Kid banner. Steve Greenberg is executive producing.

    The below-the-line team includes director of photography Magdalena Górka (Star Trek: Strange New Worlds, Marvel Studios’ Echo), production designers Hillary and Courtney Andujar (I Know What You Did Last Summer); VFX producer Chris LeDoux (La La Land, 12 Years A Slave), and casting director Chrissy Fiorilli-Ellington (Die Hart).

    Spoiler! There are creatures in this feature. And the creature effects are being overseen by legendary effects artist Greg Nicotero and team at KNB EFX Group, who are known for their work on The Walking Dead and Fallout, among a host of award-winning work.

    UTA Independent Film Group is repping the feature.

    Nanjiani last year appeared in James L. Brooks’ Ella McCay and Amazon’s hit series Fallout. He is repped by UTA and Mosaic.

    Belushi last year appeared with Kate Hudson in Song Sung Blue and in Kristen Stewart’s feature directorial debut, The Chronology of Water. He is repped by CAA, Brillstein Entertainment Partners and LBI.

    O’Grady is best known for starring in Fox’s musical series Star as well as being one of the leads on the first season of HBO’s White Lotus. She will next be seen in the next Jumanji movie, Jumanji: Open World, which is due to open Dec. 25. She is repped by CAA and Suskin/Karshan Management.

    Smith appeared in 2022’s Where the Crawdads Sing as well as Alex Garland’s Warfare. She is repped by CAA and Vybe Trybe.

  • The Athletic: Rudy Gobert stands taller than ever in Game 2 showdown

    The Athletic: Rudy Gobert stands taller than ever in Game 2 showdown

    Rudy Gobert was up to the challenge of defending Nikola Jokić one-on-one on Monday night.

    Editor’s Note: Read more NBA coverage from The Athletic here. The views on this page do not necessarily reflect the views of the NBA or its teams. 

    ***

    DENVER — Rudy Gobert knows you don’t believe in him.

    He knows that nothing delights you more than opening your phone to see video of that one time a guard caught him in an ISO and hit a step-back 3 over him. He knows you chortle so loudly that the Cheetos dust sprays from your mouth as you repost the clip and comment in all caps, “THIS Y’ALL’S DPOY?!?”

    He knows because he hears you. Some NBA players mute the volume on social media. They couldn’t care less about what anyone says about them because the money and the stats and the wins do all the talking. Gobert is not one of those players. He is keenly aware of his place in the NBA discourse. His pride won’t let him look the other way as the disrespect flows in.

    Rudy Gobert knows you do not appreciate him.

    The Minnesota Timberwolves big man knows that no matter how overwhelming his on/off splits are, it will never be enough for many of you to look past the missed layups or the fumbled passes to see him for who he is — one of the greatest defensive players to ever play the game.

    He knows because he sees you. He examined the vote tallies for the Defensive Player of the Year award, which were released on Monday. That Victor Wembanyama won it unanimously was not a surprise to anyone, including Gobert. That Gobert finished a distant fourth, 19 points behind the Detroit Pistons’ Ausar Thompson for third place, rippled through the Timberwolves’ locker room before, during and after one of the best quarters of defense he has ever played in Monday’s 119-114 victory over the Denver Nuggets in Game 2 of their first-round playoff series.

    Gobert — in Year 13, with a record-tying four DPOYs on his resume and more than $250 million in salary earned — is finally starting to realize that you don’t matter. Not when he has almost single-handedly turned a franchise long known for defensive ineptitude into one of the stingiest groups in the league. Not when he has been a primary figure in the golden age of Timberwolves basketball, which includes playoff appearances in all four of his seasons in Minnesota and back-to-back runs to the Western Conference finals.

    Not when Anthony Edwards pulls him aside before the start of Monday’s fourth quarter, knowing the Timberwolves’ season essentially hinged on the next 12 minutes, and looks to Gobert to be the one to save them. In that moment, the Wolves were down 93-90 in the game and 1-0 in the series. Falling behind 2-0 in a best-of-seven against the high-octane Nuggets would have meant almost certain death. In that moment, Edwards craned his neck up to stare the 7-foot-1 Gobert in the eyes and deliver a challenge that bordered on the impossible.

    Nikola Jokić, the three-time MVP who averaged a triple-double and became the first player since Wilt Chamberlain in 1968 to lead the league in rebounds and assists in the same season, was on the other sideline. He may be the most unstoppable offensive player the game has ever seen. He has made mincemeat of every big put in front of him, including Wembanyama, and including Gobert on many a night. But unlike you, Edwards knew Gobert was up to the task.

    “We ain’t bringing no double team,” Edwards told him. “You gonna guard him one-on-one all night.”

    That would seem to be as close to basketball heresy as a team could get. Jokić put up 56 points, 16 rebounds and 15 assists against the Wolves in a Christmas Day win. Last season, Joker went for 61 points, 10 rebounds and 10 assists in a loss to Minnesota.

    But Edwards, and the rest of the Timberwolves, know more than you. Truth be told, some of them get as frustrated as you do when Gobert turns the ball over or flubs a layup. They also see the impact he has made in Minnesota since he was acquired from Utah in 2022 in what many of you, at the time, called the worst trade in NBA history. They have watched him turn the Wolves into a top-five defense. They have seen how opposing drivers don’t even think about going to the rim with Gobert in the vicinity.

    So they didn’t hesitate to put a generational defensive player on a generational offensive player and tell him to go to work. Gobert responded with one of the best performances of his life. After being mired in foul trouble for much of the first three quarters, Gobert held Jokić to 1-of-7 shooting in the fourth. Jokić missed both of his 3-pointers, including one airball, didn’t get to the free-throw line and had one assist. The Timberwolves outscored the Nuggets by 10 points in Jokić’s eight fourth-quarter minutes, outscored the best offense in the league 29-21 in the quarter and completed a comeback from 19 points down early in the second quarter to even the series at 1-1.

    “I think Rudy’s probably the most misunderstood player in the history of the game,” said Wolves point guard Mike Conley, who has played 7 1/2 seasons with Gobert in Minnesota and Utah. “The way that he impacts winning, just because it doesn’t look pretty all the time or is not the sexiest thing, people bypass the other 95 things he does for our team.”

    Gobert said the fourth-place finish in DPOY didn’t give him any extra juice. But he wasn’t very convincing.

    “I know who I am,” he said. “Not the first time I get disrespected, probably not the last. I’m going to keep being myself. If they want to disrespect greatness, you can just take it for granted, whatever. Sooner or later, they realize the impact.”

    The Nuggets have seen it first-hand in this series. Jokić had 25 points, 13 rebounds and 11 assists in the Game 1 win, but he also turned the ball over five times and was 2 of 7 on 3s. On Monday, he finished with 24 points, 15 rebounds and eight assists, but he turned it over three times and scored just four points on 1-of-8 shooting with zero offensive rebounds in 21 minutes with Gobert on the floor.

    As absurd as it sounds, Gobert may have had Jokić shook. In the closing seconds, with the Nuggets down 115-113, Jokić finally got a little bit of space. As he lumbered down the lane, he had a clear look at the kind of short floater that he makes in his sleep, which would have tied the game. Instead, he hesitated and dumped the ball to Christian Braun, who was fouled. Braun only made one of the two free throws.

    That’s like striking out Barry Bonds four times with the bases loaded. That’s stuffing Earl Campbell at the goal line on three straight runs. That’s knocking Taylor Swift off the top of the charts a week after she released her latest album.

    “He’s making me make tough shots,” Jokić said. “He’s big, long, he can reach the ball from any kind of angle or position. He’s a really good defensive player.”

    The 30th meeting between these two rivals in the last four years was as unhinged as so many of the ones that have preceded it. The Timberwolves opened the game with a 12-minute brain fart in the first quarter. They shot 33 percent from the field, refused to drive against Denver’s non-existent rim protection and allowed the Nuggets to shoot 67 percent from the field, 67 percent from 3 and 90 percent from the line. At one point, they fouled Denver shooters on three straight 3-pointers, and the Nuggets turned all of them into four-point plays.

    Less than one minute into the second quarter, the Wolves were down 19 points. Bones Hyland committed three fouls in four minutes, including an inexplicable decision on a three-on-one when he declined to give the ball up to either Randle or Reid and instead plowed into Tim Hardaway Jr. for an offensive foul.

    But the Wolves have been here before, in this building, against the devastating two-man game of Jokić and Jamal Murray, down big. Just like in Game 7 of the 2024 West semifinals, they never succumbed. When they finally started attacking the basket, turning Jokić into a turnstile and blowing by any perimeter defenders the Nuggets put out there, the game turned in their favor.

    “Go at Jokić, Jamal, all the bad defenders,” said Jaden McDaniels, who scored 14 points. “Tim Hardaway, Cam Johnson, Aaron Gordon, the whole team. Like, just go at them.”

    There was more spice where that came from. Edwards and Jokić got into a brief shoving match in the fourth quarter. Braun barked at the Wolves bench after hitting a 3.

    Julius Randle bounced back from an awful Game 1 with a bully ball Game 2, hammering the Nuggets around the rim and scoring 24 points with nine rebounds and six assists. Playing on one leg, Edwards put up 30 points, 10 rebounds and two blocks, and Donte DiVincenzo had 16 points, seven rebounds and six assists. Hyland overcame the foul trouble for 13 points in 10 minutes, and Naz Reid had 11 points and nine boards.

    After trailing 44-25 early in the second, the Wolves outscored Denver 94-70 over the final 35 minutes.

    “We was on one cord, I feel like, on the defensive end tonight,” Edwards said. “Especially once they went on those runs.”

    After the game, the Timberwolves couldn’t stop talking about Gobert’s performance against Jokić. They know how much criticism he takes from players and league observers. Even if they might utter some similar annoyances under their breath every once in a while, Gobert is one of their brothers. It is OK for them to go at him in private. But any time someone outside the family starts insulting him, they fight for their brother.

    “Everybody’s gonna say this about Rudy. He’s this. He’s that,” Edwards said. “They don’t understand what he means to us when he’s on the floor. People don’t want to lay the ball up around him. People just don’t want to go at Rudy. Regardless of what they say about him on the offensive end of the floor, he’s a four-time Defensive Player of the Year for a reason. He’s been doing it at a high level for a long time, and we need him on the floor.”

    When the rest of the league was laughing at president of basketball operations Tim Connelly for trading all those draft picks and players for Gobert in 2022, the Wolves paid them no mind. They knew what they were getting and what they needed, a culture changer on defense and one of the hardest workers in the league to ensure that the young core of Edwards, McDaniels, Reid and, at the time, Karl-Anthony Towns, could get some real playoff experience.

    Gobert has been all that and more for Minnesota. There have been times when he has struggled, when it looked like this experiment wasn’t going to work. But in aggregate, over the course of four years, with all of the playoff games he has helped deliver, he has been worth every pick, every player, every joke made at their expense along the way.

    “He’s an outstanding defender, he’s an outstanding professional, he’s an outstanding human,” Minnesota coach Chris Finch said. “He’s about the right things, and it’s just laughable, small-minded and petty all the crap that people decide to give Rudy.”

    Gobert has opened this rubber match with two excellent games, including a 17-point, 10-rebound effort in the Game 1 that slipped away from the Wolves in the final five minutes.

    “He knows, in his mind, he’s the best defensive player in the world,” Conley said. “He approaches every game that way. He wants every matchup. He wants to guard the best, regardless if that means some nights they score a lot on him, he’s taking that challenge. A lot of people run from that. He’s somebody that doesn’t run.”

    Game 3 is Thursday night in Minnesota. Gobert knows that Jokić will probably get the better of him sooner or later. He is far too talented not to have an explosion at some point. But he will keep throwing everything he has at the best player in the world.

    You may have given up on him a long time ago, but Gobert knows his teammates and his coaches stand shoulder to shoulder in his corner. And that is all that matters to him anymore.

    ***

    Jon Krawczynski is a senior writer for The Athletic covering the Minnesota Timberwolves, the NBA and the Minnesota Vikings. Jon joined The Athletic after 16 years at The Associated Press, where he covered three Olympics, three NBA Finals, two Ryder Cups and the 2009 NFC Championship Game.

  • Bank of Korea’s New Governor Prioritizes CBDCs Over Stablecoins in First Policy Address

    Bank of Korea’s New Governor Prioritizes CBDCs Over Stablecoins in First Policy Address

    In brief

    • New Bank of Korea Governor Shin Hyun-song emphasized central bank digital currencies and bank-issued deposit tokens in his first policy address.
    • The governor highlighted payment system stability through Project Hangang while notably omitting any mention of stablecoins.
    • The address comes amid ongoing legislative debates over stablecoin regulation in South Korea.

    Bank of Korea Governor Shin Hyun-song, who began his four-year term Tuesday, delivered his first address in office prioritizing central bank digital currencies and bank-issued deposit tokens while omitting any mention of stablecoins.

    Per reports in local media, the governor opened his address by declaring, “In this time of transition, we must again ask what the role of the Central Bank is.”

    Shin stated that through the second phase of its retail CBDC and deposit token pilot Project Hangang, the bank would, “increase the usability of CBDC and deposit tokens,” while also highlighting its role in cross-border tokenization effort Project Agora.

    Silence on stablecoins

    The omission of stablecoins marks a shift from Shin’s earlier position. During his confirmation hearings, he acknowledged a role for private stablecoins, stating that they would, “be able to coexist complementarily and competitively with deposit tokens” and would play a “sufficient role” within the future currency ecosystem.

    Meanwhile, KRW1 debuted in February as South Korea’s first fully regulated stablecoin through a partnership between crypto custody service provider BDACS and Woori Bank. The country’s proposed Digital Asset Basic Act, which remains under legislative consideration, would set rules for digital assets including stablecoin issuance.

    The governor’s silence on stablecoins comes amid an ongoing tussle between ruling and opposition parties over stablecoin regulation. The Bank of Korea has been actively engaging with the digital currency debate, with Shin previously meeting with bank chiefs in mid-2025 as discussions intensified. In 2023, the central bank partnered with Samsung to explore offline CBDC payments, signaling its commitment to state-backed digital currency solutions.

    Beyond digital currencies, Shin outlined sweeping financial market reforms. The governor, who will chair his first policy meeting on May 28, announced plans to actively promote the internationalization of the Korean won, including pushing for 24-hour operation of the foreign exchange market and establishing an offshore won payment system, according to local reports.

    On monetary policy, Shin signaled caution, after the central bank maintained its benchmark rate at 2.50% amid geopolitical uncertainties earlier this month. “Given the uncertainty in inflation and growth paths, monetary policy should be conducted in a cautious and flexible manner to ensure stability in prices and financial markets,” Shin said.

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  • Optimism Bills ‘Privacy Boost’ as Turning Point for Enterprises on Ethereum

    Optimism Bills ‘Privacy Boost’ as Turning Point for Enterprises on Ethereum

    In brief

    • OP Labs debuted a privacy offering that it says is expected to expand to additional blockchains in the coming weeks.
    • The technology, dubbed Privacy Boost, supports self-custody while enabling enterprises to build auditable environments that work with Know Your Customer rules.
    • The hope is that enterprises use the technology to build real-world applications, while incumbents are flocking to competitors like Canton.

    OP Labs debuted a privacy offering on Tuesday that’s aimed at bringing more enterprises to Ethereum’s ecosystem, starting with the OP Mainnet, the layer-2 scaling network it created.

    The network formerly called Optimism now supports “Privacy Boost,” OP Labs said in an announcement, describing the product as technology that enables private transfers and discreet interactions with decentralized finance applications—while supporting regulatory needs.

    Privacy Boost functions as a software development kit and interface allowing software programs to communicate and share data, also known as an API, OP Labs said. The hope is that enterprises use the technology to build real-world applications, the firm added. Additional networks are slated for an expansion of Privacy Boost in the coming weeks, it said.

    Renewed interest in digital assets like Zcash may underscore how privacy has returned to vogue within the cryptosphere. Still, for many traditional firms eager to experiment on-chain, the notion that transaction amounts, counterparties, and balances are fully public has always been unworkable, OP Labs co-founder and CTO Karl Floersch told Decrypt.

    “We were talking to a payments provider about their public-chain vision, and ultimately, compliance killed their architecture,” he said. “We can’t bring a bunch of these institutions on-chain until we have a very clear-cut solution for privacy.”

    In the announcement, OP Labs said its goal is to create a privacy layer that any protocol can plug into, signaling that its ambitions extend beyond its associated network, which already supports leading DeFi applications like lending protocol Aave.

    OP Labs’ latest offering comes as networks like Canton, where transaction visibility is limited to relevant parties, court financial incumbents. Last month, for example, Visa declared that it had become the first major payments company to join the DTCC-backed network.

    Privacy Boost supports self-custody through zero-knowledge proofs, a cryptographic method for proving that something is true without revealing the known information directly. The technology also leans on Trusted Execution Environments, or TEEs, that allow for fast and private transactions, OP Labs said.

    The offering’s TEEs can be tailored to Know Your Customer (KYC) rules—which enterprises often need to abide by—and audit requirements, the firm said. The team behind Starknet, an OP Labs competitor, has touted similar functionality in enabling “private Bitcoin transactions.”

    Floersch said a study conducted by OP Labs indicated that, even within crypto, privacy is ranked above other priorities for blockchains, such as fees or throughput. Addressing that gap has been historically difficult, considering that Ethereum was built on an ethos of transparency.

    OP Labs said Privacy Boost is the “synthesis” of years of engineering. Last month, the firm said that it was letting go of 20 employees to narrow its focus. Meanwhile, the price of OP Mainnet’s OP token has plunged about 83% to just over $0.12 in the past year, according to CoinGecko.

    For institutions, a lack of privacy exposes portfolio positions and trading strategies, OP Labs said. For consumer-facing applications, spending habits and transaction history become public for anyone with an internet connection to see.

    “Full transparency introduces legal, competitive, and operational risks,” OP Labs added. “Privacy is no longer an optional feature—it is a prerequisite for mainstream adoption.”

    That sentiment is far from new. Last year, Danny Ryan, president of Etherealize, an institutional marketing and product arm for Ethereum’s ecosystem, told Decrypt that Wall Street’s need for on-chain privacy would eventually yield similar fruit for crypto’s Average Joe.

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  • SEC Commissioner Hester Peirce Admits: “We Were Wrong About Cryptocurrencies”

    SEC Commissioner Hester Peirce Admits: “We Were Wrong About Cryptocurrencies”

    SEC member Hester Peirce, also known as “Crypto Mom,” discussed the agency’s past policies regarding crypto assets and the future of the sector in an interview.

    Peirce stated that the approach taken during former chairman Gary Gensler’s tenure was “wrong in method, even if the intention was right,” and that this slowed down industry development.

    Peirce argued that the SEC has not made sufficient efforts to understand the cryptocurrency world in past years. He stated that the regulator should engage in more dialogue with industry stakeholders before taking action, adding:

    “I think we took the wrong approach in the past. While some intentions were good, the execution wasn’t right, and that’s why we wasted time. If we had established a framework from the very beginning, we could be in a much more productive place today.”

    Related News Aave Releases Detailed Report on the KelpDAO Hack: How Will the Losses Be Covered? Is Aave at Risk?

    Peirce also addressed malicious activity in the crypto market, arguing that it’s important for a regulator to know its limits. He stated that not every issue falls within the SEC’s jurisdiction, saying, “Just because there’s a problem doesn’t necessarily mean it’s ‘my problem.’ Congress doesn’t want us to overstep our jurisdiction.”

    Peirce, speaking specifically about “memecoins” and assets that are not considered securities, reminded investors to be cautious.

    Peirce issued a clear warning that the SEC’s protective shield would not apply to losses in non-security assets: “I want people to be alert because our regulatory regime isn’t there to support them.”

    Peirce pointed to a future (DeFi Mullet) where the crypto world and traditional finance are intertwined. He noted the increasing interest in the tokenization of real-world assets (RWA) and argued that the institution’s focus should always be on “transparency and disclosure.”

    Peirce, whose term ends at the end of the year, said that his successor will have a very broad and interesting agenda. He stated that stablecoin integration, tokenization of money market funds, and custody issues will be key topics for the future.

    *This is not investment advice.

  • Kevin Warsh says he would protect Fed independence and could cut rates at confirmation hearing

    Kevin Warsh told senators at his Senate confirmation hearing on Tuesday that he would keep monetary policy independent from the White House and signaled openness to lower interest rates as he seeks to succeed Jerome Powell as Federal Reserve chair.

    His appearance before the committee comes as Trump has intensified his attacks on Powell for being too slow to cut rates, putting Warsh at the center of a growing political fight over the Fed. Trump formally sent Warsh’s nomination to the Senate in March for a four year term as chair and a separate 14 year term on the Board of Governors.

    At his Senate Banking Committee hearing, Warsh said he would be independent of Trump, argued that Fed independence ultimately depends on the central bank itself, and said elected officials questioning the Fed does not by itself destroy that independence.

    In prepared remarks and testimony, he also said the Fed’s credibility has been damaged by its failure to contain inflation and by what he sees as mission drift beyond core goals such as price stability.

    Warsh also used the hearing to sketch out a different policy framework from the current Fed leadership. He said tariffs were not the reason inflation is running high, argued the economy is improving and has room to improve further, and criticized the Fed’s balance sheet as having played an unhelpful role in meeting its mandates.

    He said he would prefer interest rates to be the dominant policy tool and argued that if rates were cut, the benefits would reach a broader range of Americans. Warsh has also pointed to productivity gains, including from AI, as support for lower rates, even as other Fed officials have been more cautious.

    Warsh also addressed digital assets during the hearing. Asked by Sen. Cynthia Lummis whether digital assets should be incorporated into the financial industry so Americans have new investment opportunities and consumer protections, Warsh said digital assets are already part of the fabric of the US financial services industry.

    The backdrop is Trump’s increasingly public clash with Powell. Trump originally elevated Powell during his first term, but has repeatedly attacked him since, pressing for faster rate cuts and criticizing the Fed’s restraint even as inflation risks remain elevated.

    On Tuesday morning, the White House published remarks from Trump’s CNBC interview, underscoring that the issue remains live just as Warsh faces senators. Powell has also become entangled in a Justice Department probe after resisting Trump’s pressure, adding more political weight to the succession fight.

    Warsh is not a newcomer to the institution he would lead. He served as a Fed governor from February 2006 through March 2011, spanning the global financial crisis, and later built a profile as one of the central bank’s most persistent outside critics.

    In recent years he has argued that the Fed grew too large, leaned too far into areas like climate and other noncore issues, and relied too heavily on its balance sheet rather than sticking tightly to inflation control and rule bound monetary policy.

    Before joining the Fed, Warsh worked at Morgan Stanley and served in the George W. Bush White House as a special assistant to the president for economic policy and executive secretary of the National Economic Council. Since leaving the Fed, he has held roles at the Hoover Institution and Stanford Graduate School of Business, while also working in private finance.