Blog

  • Skull, jaw bone found during Easter egg hunt in California park confirmed to be human remains

    Skull, jaw bone found during Easter egg hunt in California park confirmed to be human remains

    Remains discovered by a family during an independent Easter egg hunt at De Forest Park in Long Beach on Sunday, April 5, were confirmed to be those of a human, the Los Angeles County Medical Examiner’s Office said.

    A skeletized human skull and lower jaw bone were recovered from the park Monday, a day after the remains were first reported to Long Beach police, and taken to the Medical Examiner’s Office for further examination, authorities said in a statement.

    “Due to the ongoing investigation into the death, limited information is currently available,” the statement read.

    The discovery was made at the North Long Beach park about 5 p.m. Sunday while children were looking for Easter eggs, according to police and witnesses.

    Police were initially called to the 5900 block of De Forest Avenue, while the Medical Examiner’s Office said the recovery of the remains was made in the 100 block of East Osgood Street.

    The cross streets are at an area between the park’s two softball fields and walking trails to the south.

    The remains have been assigned a case number, but no further information, including a possible identity, was known.

     

  • Natasha Lyonne Says “ICE Had Other Plans” After Being Escorted Off Plane Following ‘Euphoria’ Premiere

    Natasha Lyonne Says “ICE Had Other Plans” After Being Escorted Off Plane Following ‘Euphoria’ Premiere

    Natasha Lyonne is continuing to call out those who escorted her off a plane Tuesday night after a red-eye flight incident following the Euphoria season 3 premiere.

    According to a Thursday report from Page Six, Lyonne was reportedly still in her sheer outfit worn on the red carpet, and seemed “out of it in a first class seat, and when flight attendants asked her to close her laptop and fasten her seatbelt for takeoff, she didn’t respond.” After “numerous flight attendants repeatedly tried to get the star to follow their commands.” The plane eventually returned to the gate, and Lyonne was asked to leave, causing a delay of over an hour.

    On Friday, Lyonne addressed the incident in a post on X, quoting an E! News article, disputing aspects of the report. She said she had taken a sleep aid before the flight and was trying to rest.

    “Thanks for the great reporting, @enews. Indeed, I took a Lunesta once seated, to ensure some shut eye on the Delta One red eye flight to NYC. Boarded seamlessly with just a backpack and sneakers, eager for a nap. Plan was to be bushy tailed & beauty rested, as I was meant to head straight to glam for a slot with our beloved @DrewBarrymore, upon landing,” the Poker Face star wrote. “Was looking forward to seeing Drew & an in depth convo, but I guess ICE had other plans & I was detained instead. Sign of the times, I guess.”

    She also thanked supporters and apologized to fellow travelers for the delay, noting she had never previously had issues with Delta or TSA.

    The Hollywood Reporter has reached out to ICE and Delta for comment but has yet to hear back.

    Lyonne had been scheduled to appear on The Drew Barrymore Show Wednesday to promote Euphoria. Her role in the Sam Levinson-created series remains under wraps. Despite the incident, she later made it to New York and attended the premiere of the upcoming documentary, Lorne, about Saturday Night Live mastermind Lorne Michaels. Lyonne was featured as an SNL host for the sketch-comedy series’ season 47 in 2022.

    The Russian Doll star has been open about her struggles with addiction. In January, she revealed in a tweet that she had relapsed and was no longer sober. Last month, she thanked fans for their support amid her recovery journey. “Proud to report this kid is doing a whole lot better and back on her feet,” Lyonne wrote. “Want to thank our recovery communities and the fans who stood by and were so supportive. Aiming to keep the journey somehow private, but look forward to sharing my experience, strength and hope as makes sense.”

  • Ice Cube, Kevin Hart In Talks to Return for ‘Ride Along 3’

    Ice Cube, Kevin Hart In Talks to Return for ‘Ride Along 3’

    After a decade of development, Ride Along 3 is starting to see renewed momentum.

    Daniel Gold, who was a writer on the Netflix series Workin’ Moms, is set to write a new take on the buddy cop story, with Kevin Hart and Ice Cube in talks to return for the Universal project. Also in talks to return is director Tim Story and producer Will Packer, the latter of whom is releasing the rom-com You, Me & Tuscany with the studio this weekend.

    Universal had no comment on the potential project.

    Hart and Ice Cube star in the film series as brothers-in-laws who happen to both work in law enforcement, each with drastically different levels of expertise, who often end up in the middle of Florida’s various crime underworlds.

    It has been ten years since the last Ride Along movie hit theaters. The first Ride Along, out in 2014, grossed over $130 million at the domestic box office, while the second installment earned over $90 million in 2016, making it an overall profitable mid-budget franchise for the studio.

    Ice Cube, who was last seen in sci-fi film War of the Worlds and in a cameo role in Sony’s Anaconda, is repped by UTA and Johnson Shapiro.

    For his part, Hart was last in theaters with the video game adaptation Borderlands and is set to return for the fourth Jumanji movie, due out this December. He is repped by WME and 3Arts.

    Story is repped by UTA and Johnson Shapiro, and Packer is repped by CAA and Johnson Shapiro.

  • ‘True Strength Is Holding’: Shiba Inu Message Reignites Ryoshi’s Legacy

    ‘True Strength Is Holding’: Shiba Inu Message Reignites Ryoshi’s Legacy

    In a tweet shared with the Shiba Inu community, $SHIB-focused X handle Shibizens highlights the legacy of Ryoshi, Shiba Inu’s pseudonymous founder, and the tenets that shaped $SHIB from its inception.

    The tweet takes a look back at Ryoshi’s original Woofpaper, which emphasized spontaneity, decentralization and community-driven development, while urging the Shiba Inu community to reflect on this history.

    The Shibizens X handle draws its inspiration from this particular chapter in Shiba Inu’s past. The real knowledge it says this brings is that true strength lies in holding through storms and contributing during calm.

    Good morning, $SHIB loyal pack!

    On this Friday, honor the history. Ryoshi’s woofpaper emphasized spontaneity and decentralization.

    The real knowledge? True strength lies in holding through storms and contributing during calm.

    SHIBARMY STRONG pic.twitter.com/e9vtDW0Ycv

    — Shibarium | $SHIB.IO (@Shibizens) April 10, 2026

    “The real knowledge? True strength lies in holding through storms and contributing during calm,” Shibizen wrote in a tweet.

    For many in the $SHIB community, this speaks to the cycles Shiba Inu has gone through since its inception, from significant price increases (increase in millions of percent) to extended quiet phases, contributed to by investor sentiment and broader crypto market conditions.

    As reported, Shiba Inu rose millions of percent shortly after its launch to reach an all time high of $0.000088 in October 2021. Since then, Shiba Inu has stayed in a quiet consolidation phase, which has weighed on its price. At current prices, Shiba Inu is down more than 93% from its ATH.

    Market catalysts awaited

    At the time of writing, $SHIB was unchanged in the last 24 hours, up 0.76% in the last 24 hours to $0.000005897 as the broader crypto market awaits a catalyst.

    One key catalyst on Friday will be the U.S. consumer price index (CPI) data, which is expected to show a jump in headline inflation. The U.S. consumer price index, which was up 0.3% in February, is expected to show an increase of 0.9% when the latest monthly print is released. Similarly, headline annual inflation, which stood at 2.4% year-over-year in February, is forecast to jump to 3.3% for March.

    On Thursday, the personal consumption expenditures price index, which is regarded as the Fed’s preferred inflation gauge, saw a monthly rise of 0.4% in February, in line with expectations and increasing 2.8% year-on-year.

  • Token Unlock Events for This Altcoin, Which Has Faced Heavy Criticism Due to Inflation, Will Decrease Significantly Starting This Summer

    Token Unlock Events for This Altcoin, Which Has Faced Heavy Criticism Due to Inflation, Will Decrease Significantly Starting This Summer

    Worldcoin ($WLD), one of the projects attracting attention in the cryptocurrency market, has received an important update regarding its token economy. According to a statement from the World Community, a significant reduction in the token unlock speed is planned.

    The announcement states that as of April 10, 2026, the total supply of $WLD is 10 billion, of which 4.9 billion (49%) have been unlocked and approximately 3.3 billion tokens are in circulation. At the project’s launch on July 24, 2023, 500 million $WLD were unlocked from the World Community allocation. The remaining 9.5 billion tokens are being gradually released through a daily linear mechanism, with the goal of completing this process 15 years after the launch.

    Related News Adam Back, Who Is Alleged to Be Satoshi Nakamoto, Speaks Out: “Satoshi Will Only Come Forward If These Two Conditions Are Met”

    According to the new regulation, an automatic slowdown in token unlocking speed will be implemented starting July 24, 2026. As part of this, the daily unlocking amount for community tokens will be reduced by 50%, from 3.2 million to 1.6 million. For investor and team tokens, the daily unlocking will decrease by 32%, from 1.9 million to 1.3 million.

    Taking all categories into account, the total daily number of lock-openings will decrease by approximately 43%, from 5.1 million $WLD to 2.9 million $WLD.

    *This is not investment advice.

  • Firefighters rescue golden retriever from thawing Canadian river

    Firefighters rescue golden retriever from thawing Canadian river

    Odd News // 3 weeks ago

    Prosthetic leg, surfboard among Los Angeles Metro’s Lost & Found

    March 13 (UPI) — The Los Angeles Metro revealed some of the most unusual items in its Lost & Found, including a surfboard, a prosthetic leg and a 55-inch TV.

  • How to Secure — and Save on — Last-Minute Stagecoach 2026 Passes

    How to Secure — and Save on — Last-Minute Stagecoach 2026 Passes

    If you purchase an independently reviewed product or service through a link on our website, The Hollywood Reporter may receive an affiliate commission.

    Weekend one of Coachella has officially arrived, meaning its cowboy boot-covered sister festival is just around the corner. While a limited number of passes are still available through Stagecoach‘s official ticketing site, axs.com, prices have increased on AXS since initial release, meaning customers can find some of the best deals on third-party platforms, namely StubHub, TicketNetwork, Vivid Seats, Ticket Liquidator, SeatGeek and Gametime. Plus, The Hollywood Reporter has exclusive discount codes for select sites (all listed below).

    When comparing resale platforms, StubHub stands out for its large inventory, while TicketNetwork offers the best THR-exclusive promotion: $150 off $500 and up with code THR150, and $300 off $1,000 and up with code THR300 at TicketNetwork.com. THR‘s additional promo codes are listed directly below.

    Discount Codes for 2026 Stagecoach Tickets

    TicketNetwork, Vivid Seats and SeatGeek are offering exclusive deals to THR readers:

    • TicketNetwork: Get $150 off orders of $500 and up with promo code THR150, or $300 off $1,000 and up with code THR300.
    • Vivid Seats: Use code THR30 to save $30 on purchases of $300 and above.
    • SeatGeek: New customers can use promo code HOLLYWOOD10 to save $10 on purchases of $250 and up.

    At a Glance: How to Buy Stagecoach 2026 Tickets Online

    Where to Buy 2026 Stagecoach Festival Passes

    In addition to the THR-exclusive promo codes for TicketNetwork, Vivid Seats and SeatGeek (all listed above and below), resale platforms StubHub, Ticket Liquidator and Gametime also have a number of discounted passes to catch Cody Johnson, Lainey Wilson and Post Malone live (scroll for the full 2026 lineup and confirmed set times). Learn more about each ticketing site — and their corresponding promo codes — below. Inventory is extremely limited, so act fast.

    Note: Since pricing and inventory are constantly fluctuating, we didn’t include current pricing details below, and recommend checking each of the six sites listed (StubHub, TicketNetwork, Vivid Seats, Ticket Liquidator, SeatGeek and Gametime) to compare costs at time of purchase.

    With the most expansive resale inventory, StubHub has a number of Stagecoach tickets still on sale.

    TicketNetwork has 2026 Stagecoach tickets, and right now, THR readers can get $150 off orders of $500 and up with promo code THR150, or $300 off $1,000 and up with code THR300.

    Use code THR30 to save $30 on purchases of $300 and above at vividseats.com.

    New customers can use promo code HOLLYWOOD10 to save $10 on purchases of $250 and up at SeatGeek.

    Stagecoach Lineup 2026

    Headlining the festival are Cody Johnson (Friday), Lainey Wilson (Saturday) and Post Malone (Sunday). Other artists on the bill include Bailey Zimmerman, The Red Clay Strays, Ella Langley, Counting Crows, Riley Green, Journey, Little Big Town, Teddy Swims, Brooks & Dunn, Hootie & The Blowfish, Third Eye Blind, Diplo, Pitbull and Ludacris. See the full 2026 Stagecoach lineup below.

    Stagecoach Set Times 2026

    See below for Stagecoach 2026 set times.

    Related: How to Get Last-Minute Coachella Passes for Both Weekends of the Sold-Out 2026 Festival

  • CinemaCon Preview: Nolan, Cruise and the Warners Sale Loom Large

    CinemaCon Preview: Nolan, Cruise and the Warners Sale Loom Large

    It seems like a lifetime ago when a record 11 companies — including the six major Hollywood studios — teased their upcoming films in 2018 at CinemaCon, the annual convention of theater owners and operators that’s been held for decades in Las Vegas.

    The mood was one of general optimism; annual domestic box office revenue was still clocking in at north of $11 billion despite the rise of streaming. But in a harbinger of a far more serious threat — consolidation — then-20th Century Fox movie head Stacey Snider brought many to tears when addressing the looming sale of a large swath of Rupert Murdoch’s media and entertainment empire, including the film studio, to Disney. “Today we face a new transition and potential merger that will have lasting implications for the film business,” she said. A year later, Snider was gone, with the renamed 20th Century movie division becoming part of Disney’s CinemaCon presentation. “It’s a bit of a shock to be here as colleagues,” confessed Emma Watts, who had been vice chair at Fox and did a brief post-merger stint at Disney.

    Shock was one way to put it. This year’s CinemaCon could prove all-out surreal as the number of major legacy studios further erodes at a time when cinemas need more product that can work theatrically, not less, if they are ever to recover from the pandemic and labor strikes. Numerous movies are expected to finally be dated, for example.

    A plethora of huge stars and filmmakers are expected to participate, including Christopher Nolan and possibly even Steven Spielberg, as well as actors Zendaya, Matt Damon, Tom Holland, Timothée Chalamet and Tom Cruise. But the radical consolidation underway in Hollywood will share the stage inside the cavernous Colosseum Theater at Caesars Palace as nervous exhibitors try to wrap their heads around the notion of Skydance founder David Ellison buying up Warner Bros. — no matter what the cost or debt incurred — when the ink has barely dried on his acquisition of Paramount Pictures, which had been left crippled after years of financial neglect.

    But hope runs eternal among box office pundits, with many counting on a repeat of summer 2023 and the Barbenheimer phenomenon. “Everyone feel very bullish about the prospects for a mighty impressive summer for movie theaters and studios,” says Comscore chief analyst Paul Dergarabedian.

    Bullish, and terrified. “It’s unclear how the elephant in the room is going to play out, whether increased pressure from the tech companies, or the merging of two iconic studios with little clarity on what a joined Warner Bros./Paramount will ultimately look like in the film ecosystem a year from now,” says one top studio executive. “All of this will cast a bit of shadow on what’s supposed to be a celebratory week.”

    Here’s a guide to the biggest headlines that could come out of CinemaCon 2026 from the five remaining legacy studios hosting presentations — Sony, Warners, Universal, Paramount and Disney. Amazon MGM, which is celebrating its first major box office hit, Project Hail Mary, also is presenting, as is the indie outfit Neon. Amazon MGM could leave exhibitors all-out elated if it dates the next Bond pic, although Daniel Craig’s replacement as 007 isn’t likely to be revealed just yet. Then again, it is Vegas.

    WHAT WILL HE SAY THIS TIME?

    Spider-Man: Brand New Day

    Courtesy of Sony Pictures

    Sony Pictures Entertainment chair Tom Rothman, whose studio for years has opened the show on Monday night, can generally be counted on for a pithy quote, such a “Netflix, my ass” (said at 2017’s CinemaCon). He and his team also could share sneak footage of what’s virtually assured of being the biggest live-action pic of the summer, Spider-Man: Brand New Day (July 31), produced by Marvel Studios president Kevin Feige. And don’t forget about the four Beatles pics that are Rothman’s passion project. Directed by Sam Mendes, they are opening in April 2028. Maybe we’ll finally know the exact dates each one is debuting.

    HOW TO CELEBRATE DURING AN AWKWARD PERIOD

    From Left: Warner Bros. movie chiefs Pam Abdy and Mike De Luca flanked distribution head Jeff Goldstein, who had fun promoting Superman at CinemaCon 2025. This year, they’ll be plugging Diggers, starring Tom Cruise, who is seen (far right) at the 2022 premiere of Paramount’s Top Gun: Maverick with then-Skydance CEO David Ellison, who now runs all of Paramount and could soon be running Warners as well.

    Eric Charbonneau/Warner Bros./Getty Images; Tristan Fewings/Getty Images

    A year ago, Warner Bros. film chiefs Mike De Luca and Pam Abdy were raked over the coals by the media — this reporter included — when touting Sinners and One Battle After Another at CinemaCon. Pundits said both films cost far too much. The duo certainly got the last laugh: Sinners picked up a record 16 Oscar nominations and won a slew of top categories, including best original screenplay for filmmaker Ryan Coogler and best actor for Michael B. Jordan, and One Battle After Another won best picture, best director and adapted screenplay for Paul Thomas Anderson. It isn’t clear if De Luca and Abdy will follow Snider’s cue and talk about the ownership change; Ellison has said repeatedly he’ll keep the two studios separate (many say that’s likely true for at least two years).

    Otherwise, expect to see something from their year-end movie Diggers, directed by Alejandro González Iñárritu and starring Tom Cruise in his first potential awards film in years. Legendary’s Dune: Part 3, starring Chalamet and Zendaya, and DC’s Supergirl will also be highlighted. Overall, Warners’ presentation may have fewer stars, but those that do turn out will be names known around the world.

    Illlumination and Universal’s Minions & Monsters

    Illumination & Universal Pictures

    MEET THE NEW TEAM

    Whether or not Ellison will be on the ground in Vegas, new Paramount studio chiefs Dana Goldberg and Josh Greenstein are sure to make as much news as possible, either by announcing release dates or new projects. They’ll also promote films including May’s Billie Eilish — Hit Me Hard and Soft: The Tour, a 3D concert film directed by James Cameron. And Cruise recently was filmed atop Paramount’s water tower for some sort of CinemaCon reel. At Skydance, Ellison grew close with Cruise when partnering with Paramount and co-financing the Mission: Impossible and Top Gun franchises.

    The Devil Wears Prada 2

    Macall Polay/20th Century Studios

    A STUDY IN STABILITY

    The Mandalorian & Grogu

    Francois Duhamel/Lucasfilm

    Like Warners in years past, Universal is known for throwing a talent-rich CinemaCon show. Don’t expect that to change this time as it pulls off nothing short of a coup: having Nolan on hand to plug his July epic The Odyssey (Damon plays the lead, while other high-profile names on the call sheet include Zendaya, Holland and Charlize Theron). And don’t be surprised if Spielberg could make his CinemaCon stage debut to promote Disclosure Day, his summer sci-fi event picture that stars Emily Blunt (she’s also in The Devil Wears Prada 2, which kicks off the summer box office May 1), Josh O’Connor, Eve Hewson, Colin Firth and more. And exhibitors never tire of the chance to catch up with longtime Universal movie chief Donna Langley, who now overseas all content across movies, TV and streaming as chair of NBCUniversal Entertainment & Studios.

    Disney, which historically relied on footage instead of talent, also is expected to pull out all the stops in terms of star and filmmaker power. Its slate is enviable, from 20th Century’s The Devil Wears Prada sequel to Pixar’s Toy Story 5 to the December event pic Avengers: Doomsday. That last one, from Marvel, has been shrouded in mystery, so now would be an opportune time to demonstrate that the film will deliver. Sources say Doomsday is exploding on long-lead tracking. Disney also has two Star Wars films on the horizon: director Jon Favreau’s The Mandalorian & Grogu, which releases in May, and next year’s Starfighter, starring Ryan Gosling.

    Toy Story 5

    Disney/Pixar

    A version of this story appeared in the April 8 issue of The Hollywood Reporter magazine. Click here to subscribe.

  • ‘Operation Atlantic’: US and UK Team With Firms to Trace, Freeze Millions in Stolen Crypto

    ‘Operation Atlantic’: US and UK Team With Firms to Trace, Freeze Millions in Stolen Crypto

    In brief

    • Crypto firms and government agencies teamed up in “Operation Atlantic,” designed to stop crypto fraud schemes and approval phishing campaigns.
    • The sprint led to $12 million in frozen funds and $45 million in total traced funds believed to be related to crypto fraud.
    • Held at the U.K.’s NCA headquarters in London, the operation had involvement from Coinbase, Binance, the Secret Service, and more.

    Crypto firms like Coinbase and Binance, alongside government agencies like the United States Secret Service and the U.K.’s National Crime Agency (NCA), have flagged $45 million in stolen crypto funds as part of fraud schemes, the parties announced on Thursday. 

    In the probe, more than 20,000 victims of approval phishing fraud were identified, and $12 million in funds were frozen in the hopes of returning funds to victims.

    “To take on approval phishing at scale, our Global Intelligence team joined forces with multiple international law enforcement agencies and other partners for a focused operational sprint held at the National Crime Agency’s headquarters in London,” Coinbase wrote. 

    “The goal was straightforward: identify victims, trace stolen funds, and disrupt the infrastructure that makes approval phishing possible—as fast as we could,” it added. 

    The investigative sprint, dubbed “Operation Atlantic,” was first revealed last month and was hosted by the NCA at its headquarters in London. In a week of focused work there, the agencies disrupted “multiple fraud networks,” and will continue to analyze intelligence gathered moving forward. Other crypto firms, like on-chain security firm Chainalysis, crypto exchange Kraken, and stablecoin issuer Tether, were included as partners. 

    “Operation Atlantic is a powerful example of what is possible when international agencies and private industry work side by side,” said National Crime Agency Deputy Director of Investigations Miles Bronfield, in a statement. “This intensive action has led to the safeguarding of thousands of victims in the UK and overseas, stopped criminals in their tracks and helped save others from losing their funds.”

    The enforcement campaign was focused on crypto investors who may have been impacted by approval phishing, when malicious actors attempt to gain access to funds via fake pop-up notifications or alerts that unsuspecting victims believe come from trusted parties. 

    More than 120 web domains used for schemes were identified during the week, according to the Secret Service. 

    “With traditional financial crimes, this kind of cross-border, multi-agency coordination would take months,” Coinbase wrote in its recap on the week. “With blockchain technology, we moved from identification to action in a single week-long sprint.” 

    The engagement report comes just over a week after alleged North Korean hackers made off with around $285 million via an exploit of Solana protocol, Drift. The exploit would represent just a fraction of the funds lost to crypto scam last year, with a recent report from the FBI indicating that more than $11.4 billion was lost to crypto scams in 2025 alone.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.

  • Morning Minute: Bitcoin Breaks $73K as Strategy’s STRC Bid Grows

    Morning Minute: Bitcoin Breaks $73K as Strategy’s STRC Bid Grows

    Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify.

    GM!

    Today’s top news:

    • Crypto majors up 1%; BTC at $72K
    • ZEC and MON rally 20% leading top movers; HYPE +5%
    • CZ and OKX founder Star publicly dispute, CZ calls for $1B “divorce” bet
    • Bessent and Brian Armstrong both say it’s time to pass the Clarity Act
    • WLFI falls 10% after team reveals using 5B tokens to borrow $75M

    🌎 Bitcoin breaks $73K on ceasefire hopes, STRC

    Bitcoin topped $73,000 briefly on Thursday, per data from CoinMarketCap, reversing an early sell-off after Netanyahu signaled Lebanon negotiations. It bounced off that level and is holding just above $72K this morning.

    The Bitcoin options market is even more bullish. Data shows that the $80,000 level is seeing the most volume in June expiry contracts with over $1.6B in open interest, a full 10% move from current levels.

    As for why traders are bullish—well, it could be Saylor-driven. Strategy‘s STRC had another massive day Thursday with over 3M preferred shares moved, generating capital to purchase 2,000+ Bitcoin ($144M). Wednesday’s numbers were similar, and the totals historically rise into the dividend cutoff date (next Wednesday). So expect 3 more days of increasing STRC flows.

    It’s a strong setup for Bitcoin near-term.

    Key Details:

    • Bitcoin topped $73,000 Thursday, up ~9% over the past month as crypto decouples from software stocks, which are down 12% over the same stretch
    • June $80K Bitcoin options showing $1.6B in open interest, most concentrated target
    • Saylor’s STRC moved 3M shares, enough to buy $144M in Bitcoin; on pace for well over $300M in purchases this week

    📊 Galaxy profit rockets, stock jumps

    The headline number from Galaxy’s 2025 annual report, a $241M net loss, buried the more important one: The firm’s Digital Assets segment generated $505M in adjusted gross profit.

    GLXY closed up 11.3% Thursday, second-best crypto equity on the day.

    The thesis Mike Novogratz is selling isn’t a crypto trading story anymore. It’s AI infrastructure. Galaxy’s Helios campus, once one of North America’s largest Bitcoin mines, is an 800-megawatt facility fully leased to CoreWeave that’s beginning to generate compute revenue in 2026. “The most consequential shift right now is the move from narrative to infrastructure,” he wrote.

    That pivot from BTC mining to AI is clearly paying off…

    Key Details:

    • Galaxy posted a $241M 2025 net loss driven by unrealized losses and one-time costs; core Digital Assets segment generated $505M in adjusted gross profit
    • GLXY closed up 11.3% at $21.15; total assets on platform hit $12B with $2B in net inflows during 2025
    • The Helios play: 800MW Texas facility fully leased to CoreWeave; AI compute revenue begins 2026; Galaxy is pitching itself as half crypto financial firm, half AI infrastructure company

    🦅 Gemini is on sale, but nobody wants the whole thing

    Potential buyers are circling Gemini, but not in the way the Winklevoss twins might want.

    Per CoinDesk, interested parties are evaluating an acquisition of Gemini’s shuttered EU and UK operations specifically to obtain MiCA and FCA regulatory licenses. Nobody is pursuing a full takeover.

    The backdrop is stark. Gemini IPO’d at $28 in September 2025 and now trades around $4.70, down 83%. The company cut 25% of its workforce in February, exited the EU, UK, and Australia, lost three senior executives, and faces a shareholder class-action lawsuit filed in March.

    GEMI stock jumped 11% on the acquisition reports, but has already shed some of those gains.

    Key Details:

    • Potential buyers are circling Gemini’s shuttered EU and UK operations for MiCA and FCA licenses; no full takeover interest
    • The distress context: $28 IPO September 2025, now $4.70 (down 83%); 25% workforce cut; exited EU/UK/Australia; three executives departed; class-action lawsuit filed March 2026
    • MiCA wrinkle: license doesn’t transfer in an acquisition; change of control triggers full regulatory reassessment; buyers face scrutiny equivalent to a new applicant

    ⚖️ Bessent to the Senate: Pass the Clarity Act

    Treasury Secretary Bessent made his most direct push yet Thursday, urging the Senate to pass the Clarity Act and resolve the stablecoin yield dispute still stalling the bill.

    This comes just one day after the White House Council of Economic Advisors mathematically dismantled the banking lobby’s core argument, finding a yield ban would boost lending by just $2.1B, a 0.02% increase.

    The only remaining variable is whether Senate Democrats and holdout Republicans will accept a stablecoin yield framework that Coinbase can live with.

    And we may have gotten a signal from Brian Armstrong last night, who tweeted “It’s time to pass the Clarity Act” in union with Bessent.

    Key Details:

    • Bessent urged the Senate to pass the Clarity Act, calling for resolution on stablecoin yield provisions; follows the White House CEA report that undercut the banking lobby’s deposit-flight argument
    • What’s left: Senate Banking Committee markup; stablecoin yield language is the last unlock for the full US crypto regulatory stack
    • Odds of the Clarity Act passing in 2026 rose 3% to 59% on Thursday

    🤖 Florida goes after OpenAI

    Florida AG James Uthmeier launched a formal investigation into OpenAI and ChatGPT Thursday, citing the chatbot’s alleged role in the April 2025 FSU mass shooting that killed two people, child safety concerns, and the risk of OpenAI data reaching the Chinese government.

    The quote Uthmeier posted to announce it is the week’s most ironic AI headline: “AI should advance mankind, not destroy it.”

    The investigation arrives as AI infrastructure, specifically data centers, are coming under attack. Per Bloomberg and Sightline Climate, 30-50% of the data centers planned to come online this year are facing delays or outright cancellations. Of the 12 gigawatts of capacity announced for 2026, only a third is currently under construction. Bernie Sanders and AOC introduced the AI Data Center Moratorium Act in March to stop all new construction until federal safeguards are in place. It’s not going anywhere, but it signals the political mood around AI is shifting.

    Key Details:

    • Florida AG Uthmeier launched a formal OpenAI investigation, citing ChatGPT’s alleged role in the 2025 FSU shooting, child safety, and CCP data concerns; subpoenas forthcoming; arrives as OpenAI eyes a $1T IPO
    • 30-50% of US data centers planned for 2026 are facing delays or cancellations per Sightline Climate
    • The political pressure: Sanders and AOC introduced the AI Data Center Moratorium Act in March, calling for a full construction halt until federal safeguards are in place; fringe bill, real signal

    🌎 Macro crypto and markets

    • Crypto majors are slightly green; BTC +1% at $72.1k; ETH +1% at $2,210; SOL +2% at $84; HYPE +5% at $41
    • DEXE (+30%), ZEC (+20%), and MON (+20%) led top movers
    • Oil -3% at $94; Gold even at $4,764
    • The Bitcoin options market is showing concentration at the $80,000 price level for June expiry contracts with over $1.6B in open interest
    • Treasury Secretary Bessent urged the Senate to pass the Clarity Act, pushing for resolution on stablecoin yield provisions still stalling the bill
    • The Treasury will share cybersecurity intelligence with crypto firms, giving the industry access to the same threat data distributed to traditional financial institutions
    • Former SEC official Brett Redfearn joined Securitize as president ahead of the BlackRock-backed tokenization firm’s anticipated public listing
    • Binance founder CZ got into a public dispute with OKX founder Star, escalating to the point that CZ bet Star $1B that he is “officially divorced” from Binance

    Corporate Treasuries & ETFs

    Meme Coin Tracker

    • Meme leaders were slightly green; DOGE +1%, SHIB +1%, PEPE +1%, TRUMP -2%, PENGU +4%, SPX +5%, FARTCOIN +2%
    • SBTI (25x), triplet (+102%), chillguy (+32%), and hodl (+38%) led notable onchain movers

    💰 Token, airdrop & protocol Tracker

    • Tether released its QVAC SDK, a toolkit enabling AI apps to run locally on devices without cloud servers, extending Tether’s push into AI infrastructure
    • Nunchuk released open-source tools letting AI agents interact with Bitcoin wallets via multi-sig, without giving agents unilateral control over funds
    • DeFi lender Sky is restructuring its products to pursue a formal credit rating, targeting institutional capital as DeFi protocols push further into TradFi
    • Binance enabled prediction market trading in-app via Predict.fun, giving 240M+ users direct access to event contracts as the CFTC battles states over federal jurisdiction
    • WLFI fell 10% after the team revealed that it borrowed $75M against 5B tokens

    🚚 What is happening in NFTs?

    • NFT leaders were mostly flat again; Punks -1% at 28 ETH, Pudgy -1 at 4.2 ETH, BAYC even at 6.39 ETH; Hypurr’s +!% at 392 HYPE
    • Nouns (+69%) and Kodas (+13%) led notable movers

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.