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Harvard Trims Exposure in BlackRock IBIT by 43%, Fully Exits Ether ETF

Harvard Trims Exposure in BlackRock IBIT by 43%, Fully Exits Ether ETF


Key Highlights

Harvard cut its iShares Bitcoin Trust (IBIT) holdings by around 43% in Q1 2026.

The university fully exited its $87 million iShares Ethereum Trust ETF position.

Other U.S. university endowments disclosed mixed crypto ETF strategies in recent 13F filings.

Harvard Management Company (HMC), which oversees Harvard University’s endowment, reduced its crypto ETF exposure during the first quarter of 2026, according to its latest Form 13F filing.

In its latest 13F filing dated May 14, HMC stated that it has decreased its investment in BlackRock’s iShares Bitcoin Trust ETF by approximately 43%. The university also fully exited its position in the iShares Ethereum Trust ETF (ETHA), valued at roughly $86.8 million to $87 million at the end of the previous quarter.

The move comes as institutional investors reassess crypto exposure amid ongoing market volatility and Bitcoin’s recent decline below $78,000.

Other university endowments adjust holdings

Other university endowments of the U.S. also revealed their cryptocurrency ETF positions in their recent 13F forms. Dartmouth College remained committed to its existing 201,531 shares of the iShares Blockchain and Tech ETF offered by BlackRock, with an estimated value exceeding $9 million.

In addition, the university replaced its Ethereum holdings with the Grayscale Ethereum Staking ETF while continuing with its 178,148 shares of the fund. Moreover, the university entered a new position with respect to the Bitwise Solana Staking ETF by purchasing 304,803 shares of the ETF with an estimated value of about $3.67 million. The shares of the iShares Blockchain ETF owned by Brown University stayed the same at 212,500.

Meanwhile, Emory University streamlined its Bitcoin holdings by exiting its small IBIT position and increasing its stake in the Grayscale Bitcoin Mini Trust to 1,354,148 shares.

Harvard’s prior quarter holdings

According to the 2025 fourth quarter SEC filing of the company, HMC changed its cryptocurrency policy. The university held approximately 5.35 million shares of IBIT with an approximate market value of $265.8 million at the close of Q4 2025. 

The university’s endowment sold about 1.48 million shares of iShares Bitcoin Trust (IBIT) issued by BlackRock, thus reducing the amount of their ownership by 21%. Along with that, Harvard University has made its first-ever purchase of Ethereum shares, purchasing nearly 3.9 million shares of BlackRock’s iShares Ethereum Trust (ETHA) worth $86.8 million. The combined crypto ETF holdings reached approximately $352.6 million.

Institutional interest remains intact

Although there have been some reductions, the investments of Harvard University in cryptocurrency exchange-traded funds reveal the growing acceptance of virtual currencies. The institution keeps seeing them as an element of a diversified investment strategy, although a conservative one in terms of scale. 

Considering that Bitcoin is trading around $77,800, as well as recent regulatory moves like new ETF submissions for other alternative coins, Harvard’s latest filing offers important insights into dealing with cryptocurrencies.

Also Read: Hackers Used Drained Wallet Funds to Pump VICE Memecoin


Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.







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Something for the Weekend – 16/05/26 | TheSixthAxis

Something for the Weekend – 16/05/26 | TheSixthAxis


It’s been the day of travel to get home after a friend’s wedding for me, and since getting back through the front door, I’ve made the most of my lack of energy by zoning out and watching the 24hr Rennen Nurburgring. You might have had other priorities today, though, whether it was  watching sports or venturing into the hot new release of Subnautica 2.

In the News This Week

There were some intriguing announcements this week.

Games in Review & Featured Articles

We had a great batch of games in for review that we really enjoyed, from sci-fi horror to Japanese racing and beyond.

Forza Horizon 6 – XSX|S, PC – 9/10 (video review)
Directive 8020 – PS5, XSX|S, PC – 9/10
Vultures – Scavengers of Death – PC – 9/10
Battlestar Galactica: Scattered Hopes – PC – 8/10
Quartet – NSW, PC – 8/10
Call of the Elder Gods – PS5, XSX|S, NSW2, PC – 7/10
Clockwork Ambrosia – PC – 7/10
Underling Uprising – PS5, XSX|S, NSW, PC – 6/10
Motorslice – PS5, XSX|S, PC – 6/10

Elsewhere, Miguel dove into the early access release of Super Alloy Crush and enjoyed its Mega Man X inspirations and evolutions, while Steve was encouraged by what he saw from The Sinking City 2 and its shift towards survival horror.

Dom whipped up some impressions of Indiana Jones and the Great Circle on Switch 2, and was suitably impressed by the port, while I thought that Battlefield 6 Season 3 was getting back on track with its remake of Golmud Railway.

Finishing up for the week, What We Played featured Forza Horizon 6, Outbound & Everything is Crab.

Trailer Park

Fortnite x Overwatch collab features Mercy, D.Va, Tracer & Genji

PUBG partners with PAYDAY for a new heist game mode

Marathon Season 2: Nightfall will begin on June 2nd

Total War: Warhammer III – Bhashiva & Tiger Warriors DLC looks pretty gr-r-reat!

That’s the round up for this week. Hope you have a great weekend and we’ll see you back here on Monday!



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Erika Kirk Slammed For Massive Wealth, ‘Performative’ Tributes to Late Husband

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    Erika Kirk Slammed For Massive Wealth, ‘Performative’ Tributes to Late Husband


    Reading Time: 3 minutes

    Erika Kirk is facing renewed scrutiny, and this time, it’s coming from multiple directions.

    Amid claims that Erika has been exploiting Charlie Kirk’s memory with “performative” birthday and anniversary tributes, many are now zeroing in on the widow’s growing bank account.

    Yes, Erika has found herself at the center of a growing public debate involving her finances, political influence, and recent comments about women and marriage.

    Turning Point USA CEO Erika Kirk speaks during a Turning Point USA event at the Dream City Church on April 17, 2026 in Phoenix, Arizona.
    Turning Point USA CEO Erika Kirk speaks during a Turning Point USA event at the Dream City Church on April 17, 2026 in Phoenix, Arizona. (Photo by Win McNamee/Getty Images)

    According to recent reports, estimates of Kirk’s net worth vary wildly, landing somewhere between $2 million and $20 million.

    The wide range appears tied to lingering questions surrounding inherited assets, insurance payouts, and her growing business portfolio since Charlie’s death in 2025.

    Following Charlie’s passing, Erika stepped into a major leadership role at Turning Point USA, taking over as CEO and chair of the organization. Alongside that transition, she reportedly expanded into real estate and continued pursuing several business ventures.

    But it’s not just the money drawing attention.

    Kirk recently sparked controversy following a commencement speech at Hillsdale College, where she encouraged young women to jump right into marriage and family life.

    During the speech, Kirk said women are “called to nurture” and encouraged graduates to consider marrying young. These comments quickly spread online and ignited criticism.

    Some detractors questioned whether her advice aligns with economic realities for many young people, while others pointed to the conflict between the message and Erika’s own high-profile career path.

    “Charlie would often encourage people to get married young… not rushed, but young,” she told the graduates, before encouraging them to “have more children than [they] can afford.“

    The Hillsdale comments landed at precisely the moment when attention around Erika’s public persona was already unusually high.

    That overlap has fueled broader debates over wealth, influence and the expectations placed on women in positions of power.

    At the same time, Kirk’s public tributes to her late husband have generated sharply divided reactions online.

    Posts featuring Charlie and the couple’s children have drawn support from allies and followers, including public figures such as Karoline Leavitt and Savannah Chrisley, who publicly voiced encouragement.

    Others, however, have expressed skepticism about Erika’s sincerity.

    “I feel sorry for the babies and Charlie, that’s it,” one commenter wrote in response to Erika’s recent anniversary post, according to Microsoft News.

    “Performative grief,” another added.

    “I still don’t understand why everything Erika posts and says is so inorganic. This would’ve gone a lot better without that dramatic audio production,” a third chimed in.

    “It’s so easy to post an organic memory and message. SO EASY I could fake one 10x better without ever meeting Charlie.”

    The backlash highlights a broader divide in how Kirk is viewed publicly.

    To supporters, she represents resilience after tragedy and a continuation of Charlie Kirk’s mission. To critics, her rising platform raises uncomfortable questions about branding in the age of the influencer.

    Since Charlie’s death, Kirk has expanded her public profile significantly.

    In addition to leading Turning Point USA, she has reportedly worked in real estate through The Corcoran Group and expanded her entrepreneurial work through projects such as BIBLEin365 and Proclaim Streetwear.

    As a former pageant queen who has appeared on reality TV, Erika has made no secret of her fondness for the spotlight.

    But in the wake of Charlie’s murder, many believe that Erika’s time and energy would be better spent at home with her two young children.





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    ‘You hardly ever hugged us’: KSI’s words to his dad explains why he was left in tears at Sonny Green’s Britain’s Got Talent semi-final audition

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      ‘You hardly ever hugged us’: KSI’s words to his dad explains why he was left in tears at Sonny Green’s Britain’s Got Talent semi-final audition


      Britain’s Got Talent judge KSI was left fighting back tears over his dad during the latest semi final after an emotional performance from poet Sonny Green struck a deeply personal chord.

      KSI, 32, became visibly upset as Sonny performed a poem called ‘You’ll Never Be Too Old to Get a Cuddle From Your Dad’.

      The market trader wrote the heartfelt piece as a letter to his two young sons.

      KSI cried on Britain’s Got Talent over his relationship with his dad (Credit; ITV)

      At the end of the performance, Sonny’s boys joined him on stage for a cuddle with their father.

      Viewers were stunned to see KSI close to sobbing during the powerful audition.

      The judge then shared an emotional admission about his own relationship with his dad and promised to “be a better son” during the live ITV show.

      Soon after, Simon Cowell pressed the Golden Buzzer for Sonny.

      KSI in tears over Britain’s Got Talent’s Sonny Green

      Sonny’s semi final performance left the judging panel emotional from start to finish.

      Amanda Holden was also seen in tears as Sonny recited the touching words: “Buy your mum some flowers, open the door open for strangers and do your best to soak up the stress and smile. Even when you ‘ain’t got much left.”

      During the poem, Sonny repeatedly told his sons: “You’ll never be too old to get a cuddle from your dad.”

      “Pride comes before a fall, so be humble. But never forget who you are,” he also said.

      The emotional performance ended with Sonny embracing his two young boys in front of the judges.

      When it came time for feedback, KSI struggled to speak as he wiped away tears.

      After gathering himself, he admitted: “Sonny, that just… it really hit me. I know my relationship with my dad isn’t always the best so hearing those words makes me really think about what I need to improve on.

      “You’re great, I know I need to do better as a son. It really hit me.”

      Sonny with his sons
      Sonny Green’s poem about ‘never being too old for a cuddle from your dad’ got to KSI (Credit: ITV)

      Alesha Dixon later told Sonny that his performance had “affected her deeply”. Amanda revealed she planned to frame the poem for her teenage daughter’s wall.

      Simon added: “You could hear a pin drop. Genuinely. I could see how emotional you were getting. I’m a dad and Sonny, all I can say is, you are gold.”

      He then pressed the Golden Buzzer, sending Sonny straight through to the 2026 Britain’s Got Talent final.

      Who is KSI’s dad?

      KSI, whose real name is Olajide Olayinka Williams ‘JJ’ Olatunji, previously opened up about his difficult relationship with his father in his 2023 documentary, KSI: In Real Life.

      During the Amazon Prime documentary, he confronted his dad about what he described as a \loveless childhood’.

      “I don’t think you were that loving”, KSI told him. “Your dad never hugged you, and then you hardly ever hugged us.”

      KSI hugged his dad in his In Real Life documentary but said it was ‘weird’ (Credit: Amazon Prime)

      KSI also questioned his father about being hit as a child. While he praised his parents for supporting him and paying for private school, he admitted he simply wanted more affection growing up.

      He later told The Standard: “My [parents] were always just working or they were dropping me off in school and picking me up and we’d just eat and then I’d be doing homework. We never really talked, and I was desperate to talk.”

      The YouTube star eventually shared a hug with his dad at the end of the documentary conversation. However, he later admitted the moment felt unusual for him.

      “It felt so weird,” KSI explained.

      “My dad is very standoffish, so to get a hug like that, it was really a moment.”

      Read more: Britain’s Got Talent’s Alesha Dixon told to ‘find a better stylist’ as she wears ‘wet bath towel’ in latest semi-final



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      Justin Sun-Led Liberland Micronation Awards Ethereum Founder Vitalik Buterin Its Top Honor – Decrypt

      Justin Sun-Led Liberland Micronation Awards Ethereum Founder Vitalik Buterin Its Top Honor – Decrypt



      In brief

      Liberland gave Ethereum co-founder Vitalik Buterin its highest award during ETH Prague 2026.
      The award recognized Buterin’s work in blockchain technology and his interest in new forms of digital governance.
      Liberland, founded in 2015 on disputed land between Croatia and Serbia, remains unrecognized by any sovereign nation.

      Liberland, the self-declared micronation that elected Tron founder Justin Sun as prime minister in 2024, awarded Ethereum co-founder Vitalik Buterin its highest state honor this week during ETHPrague 2026 in Prague.

      Liberland President Vít Jedlička presented Buterin with the “First Class Order of Merit of the Star of Liberland” during a side event at the Ethereum-focused conference.

      “Liberland celebrates a shared vision by honoring Vitalik Buterin—using technology to expand human freedom and to experiment with new, more responsive forms of governance for the digital age,” the Liberland Ministry of Foreign Affairs said.

      In a video posted on YouTube, Buterin thanked the Liberland community and congratulated the project on its progress.

      “I look forward to seeing what kinds of synergies we can have between our communities, and whether or not any of the things that have been built can be useful for people there, or if there are any other things that can happen at some point in the future,” he said. “I just wish you guys the best of luck.”

      A micronation refers to a self-declared entity that claims to be an independent nation, but lacks official recognition from established governments or international organizations. Similar projects include the Principality of Sealand and the Republic of Molossia.

      Founded in 2015, Liberland is a libertarian micronation on disputed land between Croatia and Serbia along the Danube River, though no country officially recognizes it as a sovereign state. The same year it launched, Croatian police detained Jedlička when he attempted to enter the territory. Even so, the project has continued attracting libertarian activists, crypto founders, and blockchain developers interested in alternative governance systems.

      

      Since its inception, Liberland has also marketed itself as a crypto haven, and has proposed running government systems on-chain through blockchain voting mechanisms. Sun has called Liberland “a blueprint for the future of freedom in the digital age.”

      “Liberland isn’t just a nation; it’s a blueprint for the future of freedom in the digital age,” Sun said in a statement last October. “With our blockchain at the core, we’re building a meritocracy where innovation thrives without borders.”

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      ‘Street Outlaws’ Star Daddy Dave’s Arrest and Alleged Crime on Video

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        ‘Street Outlaws’ Star Daddy Dave’s Arrest and Alleged Crime on Video


        ‘Street Outlaws’ Daddy Dave
        Allegedly Caught On Video Planting Tracking Device

        Published
        May 16, 2026
        10:00 AM PDT

        Play video content

        We told you last week “Street Outlaws” star Daddy Dave was caught on video allegedly planting a GPS device under someone’s vehicle — and now we have the footage of the alleged crime.

        TMZ obtained security cam video showing what purports to be Dave — dressed in all black with a hoodie over his head — walking down a street in Bath, New York, on the night of May 12.

        051626_daddy_dave_walking_primary

        In the video, the suspect squats next to the parked vehicle and then reaches beneath the undercarriage, presumably to attach the tracking device.

        Bath Village Police Chief Donald Lewis tells us … the man seen in the video appears to be Daddy Dave, whose real name is David Comstock. According to a police press release, Dave placed the tracking device under the vehicle while being recorded on video.

        But Daddy Dave tells TMZ … “It’s not me. You guys are barking up the wrong tree.” 

        Our footage also shows the suspect hurrying away from the vehicle followed by a police officer later arriving on scene to investigate, along with two unidentified people. Then came the arrest — and you can actually see officers taking the suspect away in handcuffs on the street.

        051626_daddy_dave_cuffed_blurred_primary

        As we reported, Daddy Dave was booked into the jail in the early morning of May 13 on two misdemeanor charges, namely stalking and criminal tampering. He has since been released.

        ICYW, police have not disclosed a motive and what, if any, relationship Dave had with the alleged victim. 



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        10 RPGs You Should Definitely Skip

        10 RPGs You Should Definitely Skip


        The RPG genre is one of the biggest and most varied in all of gaming. They can come in all shapes and sizes.

        Some feature turn-based combat, even from Western developers. Look at Clair Obscur: Expedition 33. Sometimes it just takes a team of French developers to deliver an old-school Final Fantasy experience to become one of the greatest games of all time.

        Related

        10 Most Ambitious Xbox RPGs

        These 10 Xbox role-playing games were ambitious for their gameplay, narrative innovations, and risk.

        However, games like Expedition 33 are often the exception, not the norm. There are countless RPGs out there, and for every good one, it feels like there are dozens upon dozens of bad ones. With that being said, these are the worst of the worst that you should avoid at all costs.

        10

        Sports Story

        Such High Hopes, All Down The Drain

        Sports Story

        2017’s Golf Story was one of the biggest surprises of the year. It’s a charming, excellent golf RPG that feels like a natural successor to the Game Boy Color’s Mario Golf.

        News of its sequel adding additional games made it one of the Switch’s most anticipated games, leading to its eventual release. It even got a marquee spot during a Nintendo Direct.

        Unfortunately, Sports Story is one of the most disappointing sequels I’ve ever played. It lost all the heart and charm of its predecessor, resulting in a disjointed, broken experience that was not worth the wait.

        9

        Kingdom Under Fire: Circle of Doom

        Removing What Made Its Predecessor Great

        Kingdom Under Fire Circle of Doom

        While on the topic of disappointing sequels, let’s talk about Kingdom Under Fire: Circle of Doom.

        Its predecessors were cult classic tactical RPGs that combined the best of strategy and role-playing games. Inexplicably, Circle of Doom removes the strategy part of the equation and goes all in as a hack-and-slash combat-centric game.

        As a result, everything that made Kingdom Under Fire unique and enjoyable is arguably gone, resulting in one of the most disappointing Xbox 360 games ever released.

        8

        The Legend of Alon D’ar

        PS2 Shovelware at its “Finest”

        The Legend of Alon D'ar

        The PS2 is filled with great RPGs that are a blast from the get-go. Baldur’s Gate: Dark Alliance, Deus Ex, The Bard’s Tale; these are all certified bangers.

        Legend of Alon D’ar is a certified dud.

        On the surface, there are some good ideas here. Being inspired by Final Fantasy’s Active Time Battle is a good idea, but the execution is atrocious. Having different actions take different amounts of time is miserable to execute. Add in the fact that there’s no style or personality in the game, and you have the recipe for an RPG that you need to avoid at all costs.

        7

        Demon Skin

        No Skin Off My Teeth

        Demon Skin

        Developer

        Ludus future

        Publisher

        ESDigital Games

        Release Date

        April 13th, 2021

        If you’re advertising a “brutal hack and slash game with challenging combat” in the 2020s, you need to deliver. We live in a world of countless Soulslikes; there’s nowhere for a bad game to hide.

        Demon Skin is a bad game that suffers from the worst possible fate for any combat-centric RPG: it’s boring.

        Despite lots of good ideas at play, they never really come together. With so much competition in the genre, you’re better off spending your time elsewhere.

        6

        Dungeon Hunter: Alliance

        Fine on PS3, A Disaster on Vita

        PS3 RPGs Still Trapped on Original Hardware - Dungeon Hunter Alliance

        Developer

        Gameloft Montreal

        Publisher

        Gameloft

        Release Date

        April 12, 2011

        First things first: the PS3 version of Dungeon Hunter: Alliance is okay at best, even if it has gimmicks through the PlayStation Move controller. The Vita version, on the other hand, is terrible.

        It should be a slam dunk: adapting a mobile hack-and-slash action RPG to a handheld device seems like an easy win. Maybe it’s the curse of the Vita? Maybe it’s the limitations of a launch game? Whatever the reason, one thing is clear. Dragon Hunter: Alliance is arguably worse than bad: it’s forgettable.

        Little-Known Nintendo DS JRPGs From Famous Developers New Featured

        Related

        10 Little-Known Nintendo DS JRPGs from Famous Developers

        While you might know these incredible developers, you probably don’t associate them with this crop of amazing DS JRPGs!

        5

        Dungeons & Dragons: Daggerdale

        A Natural 0

        Dungeons & Dragons Daggerdale

        Remember when I brought up Baldur’s Gate: Dark Alliance at the start of this list? Dungeons & Dragons: Daggerdale should have followed in its footsteps, especially launching as an Xbox Live Arcade game during its heyday.

        Instead, the gameplay drew more inspiration from the 2003 Xbox-exclusive Dungeons & Dragons: Heroes, an average-at-best hack-and-slash. That said, Daggerdale’s gameplay will have you missing out on average-at-best video games.

        There were too many enjoyable hack-and-slash games back in the day to overlook the issues here. What we got here is a dull story, boring combat, and bland graphics. Thanks, but no, thanks.

        4

        Dungeons & Dragons: Dark Alliance

        What A Waste of a Legacy

        Dungeons & Dragons Dark Alliance

        Okay, so after Daggerdale borrowed from the wrong Dungeons & Dragons game, surely the game literally called Dark Alliance would be better, right? Well, about that.

        Despite being billed as spiritual successors to some of the most iconic RPGs of all time, Dungeons & Dragons: Dark Alliance completely missed the mark. To call this game a massive disappointment is an understatement.

        Good news, though: the game was delisted last year, so this one is pretty easy to avoid.

        3

        Two Worlds

        It’s Totally Not Elder Scrolls, Guys!

        Two Worlds

        Look, I get it. We were all riding that high from Oblivion a year prior, so when Two Worlds came around, it was natural to be excited. “Oh wow,” my friends said, “it’s just like Oblivion, but there’s multiplayer!”

        So here’s the thing: no one is saying that Bethesda games are bug-free. However, Two Worlds manages to make Oblivion perfectly polished and without jank.

        The voice acting is worse (that’s impressive considering Oblivion has like five voice actors), the graphics lack the wow-factor we became used to on the 360, and its massive world is completely squandered.

        2

        Call for Heroes: Pompolic Wars

        Don’t Answer the Call

        Call for Heroes Pompolic Wars

        Developer

        Quotix Software

        Publisher

        Strategy First

        Release Date

        June 26th, 2007

        Serbian developer Quotix Software has only one game under its belt that I can find, and it’s Call for Heroes: Pompolic Wars.

        On the surface, it looks like a 3D version of a classic action RPG from the late 90s or early 2000s. The problem is that the game was released in the late 2000s. Take a look at the landscape of RPGs following the release of Elder Scrolls IV: Oblivion.

        Pompolic Wars is stuck in the past in terms of its story, its gameplay, and its ideas. Add in countless glitches, and you have a disaster on your hands.

        1

        The Dark Eye: Book of Heroes

        A Classical Tabletop RPG to Miss

        The Dark Eye Book of Heroes

        Speaking of an outdated RPG experience, The Dark Eye: Book of Heroes should have the sauce. It’s honestly an excellent tabletop RPG experience at heart, but that’s where the good news ends.

        All of its ideas are stuck in the past and have more in common with games from the late 2000s and early 2010s. Rather than moving forward with the times, The Dark Eye is content to be stuck in the past.

        Now, we live in a world where Diablo 2 and Classic World of Warcraft are alive and well. Having said that, it’s important to know that the gameplay in those games is timeless. The Dark Eye would have been boring even 20 years ago.

        Forgotten PS3 RPGS

        Next

        10 Best Forgotten PS3 RPGs You Need To Play

        The PS3 RPG back-catalog is pretty damn good



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        BAYC Doubled in a Month. The New Yuga Labs CEO Says NFTs Were “Oversold” — and Holder Data Suggests He’s Right

        BAYC Doubled in a Month. The New Yuga Labs CEO Says NFTs Were “Oversold” — and Holder Data Suggests He’s Right


        Bored Ape Yacht Club (BAYC) is recording its strongest recovery since the NFT bear market, with its floor price rising to nearly 10 ETH in just one month. Yuga Labs’ new CEO, Michael Figge, believes that the NFT market was “oversold” after a years-long crash.

        The holder data now partially support this view. Although BAYC has lost over 90% of its value compared to its 2022 peak, the collection has maintained a stable holder base and a low listed supply — a sign that most long-term holders have not actually left the market.

        BAYC Finds Buyers Again

        After months of sluggish trading, BAYC is returning to the NFT market’s spotlight.Data from OpenSea shows the floor price is currently hovering around 9.8 ETH, nearly double its bottom from last month.

        BAYC OpenSea metrics

        BAYC OpenSea metrics. Source: OpenSea

        Trading volume has also surged significantly in recent weeks, coinciding with a partial return of capital to the blue-chip NFT market, such as CryptoPunks and Pudgy Penguins. ApeCoin recovered over the same period, suggesting the market is beginning to reprice the Yuga Labs ecosystem after a prolonged sell-off.

        However, the current recovery remains largely concentrated in large, high-liquidity collections. The rest of the NFT market has yet to show similar levels of activity compared to the 2021–2022 bull run.

        Yuga’s New CEO Wants to Reframe NFTs

        On April 17, Greg Solano announced his departure from the CEO position to transition into the role of Chairman of the Board, while appointing Michael Figge as the company’s new CEO. Solano stated that Figge will oversee Yuga’s next growth phase, especially following his involvement in operating the Otherside project.

        In a post on X, he described BAYC as a “club” and emphasized elements such as IRL experiences, storytelling, and style.

        This approach indicates that Yuga is attempting to steer BAYC away from the speculative narrative that previously dominated the NFT market. Instead of solely focusing on scarcity or flipping culture, the company aims to turn this collection into a form of digital membership tied to identity and community.

        This is also why Figge argues that the NFT market was “oversold.” NFT prices may have collapsed much faster than the actual weakening of the holder community.

        Holder Data Tells a Different Story

        Marketplace data currently shows that BAYC’s holder base remains relatively stable after years of market downturn.

        OpenSea records that BAYC currently has approximately 5,609 unique holders out of a total supply of nearly 10,000 NFTs. The listed supply is also only around 3.4%, showing that the amount of NFTs being put up on the marketplace remains relatively small compared to the total supply.

        In the NFT market, even a small number of listings can drag the floor price down sharply during a downtrend, as liquidity is inherently much thinner than that of conventional crypto assets.

        Data from CryptoSlam also indicates that activity is improving again. BAYC trading volume in April reached approximately $10.1 million, a sharp increase compared to about $1.3 million the previous month.

        These signals are not yet enough to confirm that the NFT market has fully recovered, but they suggest that the decline of blue-chip NFTs may have been steeper than the actual changes within the holder community.

        NFTs Are Still a Narrow Market

        Despite BAYC’s strong recovery, NFT capital flows remain mostly concentrated in a handful of blue-chip collections with high liquidity and brands large enough to sustain market attention during the downturn.

        While BAYC, CryptoPunks, or Pudgy Penguins record a resurgence in activity, many NFT projects that were prominent in the previous cycle still see almost no significant volume. Data from CryptoSlam shows that total market volume is still far below its peak during the 2021–2022 period, while the number of active traders has not yet returned to previous levels.

        This suggests that the current rebound resembles a blue-chip rotation rather than a uniform return of the NFT market. Liquidity is concentrating on a few collections that still retain cultural relevance and a stable, active community after years of market contraction.

        Yuga’s Bigger Test Starts Now

        Yuga Labs’ new strategy will not be judged solely by BAYC’s floor price.

        What Figge mentioned — from IRL experiences to storytelling and Otherside — shows that Yuga is trying to push BAYC out of its role as a collection primarily traded according to market cycles.

        What Yuga still needs to prove is that these directions can generate real activity for BAYC, rather than just helping the collection recover during periods of market excitement.



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        The Clarity Act Directly Impacts 16 Tokens. Which One Is The Biggest Winner? – NFT Plazas

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          The Clarity Act Directly Impacts 16 Tokens. Which One Is The Biggest Winner? – NFT Plazas


          The biggest US crypto regulatory overhaul in history just cleared its first major Senate hurdle. Here’s what it means for every token with skin in the game — and which one wins most.

          On May 14, 2026, something happened that the crypto industry had been waiting nearly a decade for. The Senate Banking Committee passed the Digital Asset Market Clarity Act (CLARITY Act) in a 15-9 bipartisan vote. Markets responded within minutes. Bitcoin climbed to $81,965, Coinbase surged 9.10%, MicroStrategy jumped 8.16%, and Robinhood added 6.16% as the market priced in what could be the most consequential piece of US crypto regulation ever enacted.

          But not all tokens are created equal under this new framework — and understanding who wins, who loses, and who wins biggest requires unpacking what the bill actually does.

          Seven Years of “Regulation by Enforcement” — Now Ending

          For most of the past decade, the United States regulated crypto through enforcement rather than legislation. When the SEC wanted to act against a crypto company, it filed a lawsuit and argued that whatever asset was involved qualified as a security under laws written in the 1930s. When companies asked the SEC for clear rules, the agency told them to register — without providing a registration pathway designed for digital assets.

          Under Gary Gensler’s tenure, which ended in January 2025, the SEC filed enforcement actions against Coinbase, Binance, Ripple, Kraken, and dozens of other companies, arguing that most tokens qualified as securities. The result was a market that operated in permanent legal uncertainty, stunting institutional adoption and pushing innovation offshore.

          The CLARITY Act seeks to define and rationalize the boundaries of SEC and CFTC jurisdiction, curing a source of significant regulatory friction and legal uncertainty in recent years.

          Senate Banking Committee PASSES the Clarity Act in 15-9 vote.

          Senate Banking Committee PASSES the Clarity Act in 15-9 vote.

          The Three-Tier Classification System

          The CLARITY Act outlines three primary categories: digital commodities, investment contract assets, and payment stablecoins. Digital commodities are tokens linked to established, decentralized blockchains and fall under CFTC oversight. Tokens representing equity, debt, or similar rights remain under SEC jurisdiction as securities or investment contract assets.

          The critical mechanism driving who wins or loses is a decentralization test built into Section 104. If a network meets the decentralization threshold, the underlying token shifts from the SEC’s securities regime to the CFTC’s commodity framework. That shift is enormously valuable — it means no more threat of retroactive enforcement, no securities registration requirements, and a much cleaner path to exchange listings and institutional adoption.

          The bill also establishes mechanisms for certain digital assets to shift from securities to commodities as their networks become sufficiently decentralized, offering a pathway for maturing tokens to change regulatory status.

          The 16 Tokens Directly in the Crosshairs

          The decentralization test creates winners and losers across the major tokens. Bitcoin and Ethereum pass cleanly. Solana sits near the boundary. XRP, despite years of legal battles, is finally positioned for commodity classification. DeFi tokens like UNI, AAVE, MKR, COMP, and LDO see reduced legal risk. Memecoins like DOGE and SHIB — ironically — pass the test effortlessly due to their lack of insider control. Newer tokens with high insider concentrations (many 2024–2025 launches) remain stuck in securities territory and will need a four-year transition window.

          The Biggest Single Winner: XRP

          XRP led gains among major tokens as investors bet that clearer US rules, including the CLARITY Act’s separation of payment stablecoins from investment assets, will ease regulatory overhangs on its use case. XRP gained 4.5% to $1.49, extending its weekly run to 7.6% and making it the standout performer on the seven-day tape.

          The reason XRP’s reaction is so outsized comes down to one word: resolution. Ripple Labs spent five years locked in a lawsuit with the SEC over whether XRP was a security. That legal cloud suppressed institutional adoption of Ripple’s ODL (On-Demand Liquidity) products and kept major financial partners at arm’s length. Under the CLARITY Act’s commodity classification framework, XRP’s legal status becomes settled in statute — far harder to reverse than an administrative ruling. The token has been the most directly affected by US legal uncertainty since the SEC’s case against Ripple Labs, and clearer market structure legislation removes one of the structural overhangs that has weighed on the price.

          The investment case for XRP post-CLARITY is straightforward: commodity classification unlocks institutional banking integrations at scale, clears the path for a spot XRP ETF (analysts at Standard Chartered project $4–8 billion in first-year inflows), and transforms Ripple from a company perpetually fighting regulators into a licensed payments infrastructure provider operating inside the rules.

          XRP 1H Price Chart (Source: CoinMarketCap)XRP 1H Price Chart (Source: CoinMarketCap)

          XRP 1H Price Chart (Source: CoinMarketCap)

          Ethereum: The Most Strategically Positioned

          XRP may be the biggest immediate price winner, but Ethereum may be the most strategically significant long-term beneficiary.

          By establishing clear lines between securities and commodities oversight, the CLARITY Act reduces legal uncertainty for developers, issuers, exchanges, and institutional investors engaging with crypto markets. Traditional financial institutions are now positioned to operationalize digital asset and blockchain strategies that have remained largely in exploratory stages.

          The reason Ethereum occupies a unique position is this: it is the only asset that passes the decentralization test and has a fully functioning native smart contract economy. Bitcoin passes cleanly but isn’t programmable. Every major smart contract competitor — Solana, BNB Chain, Sui, Tron, Avalanche — faces substantive questions about insider concentration or governance centralization.

          This includes tokenizing real-world assets, including money market funds, treasuries, commercial paper, structured products, and other traditionally illiquid instruments. Every institution building this infrastructure needs two things simultaneously: programmability and regulatory clarity. Post-CLARITY, Ethereum is the only place that offers both under a single clean legal category.

          The bill also removes the long-running SEC overhang over Ethereum staking. Previously, the SEC refused to approve staking in ETH ETFs, citing concerns it resembled a yield-bearing security. With ETH codified as a commodity, staking is simply part of how the network functions — opening the door for ETH staking ETFs from BlackRock, Fidelity, and others within the next 12–18 months.

          The Broader Impact: DeFi, New Issuances, and Institutional Capital

          Developers and token projects gain legal certainty through certification processes and safe harbors, potentially encouraging more domestic innovation and capital formation.

          Section 409 of the bill provides a legal shield for DeFi developers who build protocols without controlling user funds — removing the threat of prosecution as unregistered money transmitters that has hung over the founders of protocols like Uniswap, Aave, and Compound for years.

          The bill also opens a new $75 million fundraising exemption for token issuers under the Securities Act, creating a compliant ICO pathway for the first time — one that allows ordinary retail investors to participate, unlike Reg D private placements.

          The passage of these bills accelerates the maturation of a multi-token financial system under which deposit tokens issued by regulated banks will be used in interbank settlement and wholesale contexts, while stablecoins will serve retail and commercial applications such as embedded payments, cross-border commerce, and programmable settlement.

          The CLARITY Act Legislative ProcessThe CLARITY Act Legislative Process

          The CLARITY Act Legislative Process

          What Comes Next

          Treasury Secretary Bessent has described passage as a spring 2026 target. Ripple CEO Brad Garlinghouse has estimated passage odds at 80 to 90%. JPMorgan analysts described CLARITY Act passage by midyear as a positive catalyst for digital assets, citing regulatory clarity, institutional scaling, and tokenization growth as key drivers. 

          Three hurdles remain: a full Senate floor vote requiring 60 votes to overcome the filibuster (Republicans currently sit at 54 with bipartisan support), a reconciliation process with the House version that passed 294-134 in July 2025, and a presidential signature. Ethics provisions around officials profiting from crypto remain a potential sticking point.

          SEC and CFTC rulemakings could take up to 18 months, with main rules likely effective in late 2026 or 2027, though provisional CFTC registrations or targeted SEC guidance may phase in sooner. 

          The markets, however, are already voting. XRP is up. Ethereum is re-rated. Bitcoin is above $81,000. The CLARITY Act isn’t law yet — but the transformation it represents has already begun.



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          What Is AI Jailbreaking? A Beginner’s Guide to the Cat-and-Mouse Game Behind Every Chatbot – Decrypt

          What Is AI Jailbreaking? A Beginner’s Guide to the Cat-and-Mouse Game Behind Every Chatbot – Decrypt



          In brief

          AI jailbreaking is the practice of writing prompts that bypass safety training in models like ChatGPT, Claude, and Gemini.
          Anonymous hacker Pliny the Liberator still cracks every major model release within hours.
          Newer attacks go beyond prompts: just 250 poisoned documents can backdoor models with up to 13 billion parameters, and as AI companies patch vulnerabilities, new techniques appear.

          You ask ChatGPT for a bomb recipe. It refuses. You ask again, but this time you tell it you’re a chemistry professor writing a thriller novel and the protagonist is a retired grandmother explaining her past to her grandkids. Suddenly the model starts typing.

          That’s a jailbreak. And it’s one of the most consequential games of cat-and-mouse happening in tech right now.

          Every major AI lab—OpenAI, Anthropic, Google, Meta—spends fortunes building guardrails into their models. A loose collective of hackers, researchers, and bored teenagers spend nights and weekends finding ways around them. Sometimes within hours of a launch.

          Here’s what that actually means, why it matters, and who’s leading the charge.

          From iPhones to chatbots: A quick history of jailbreaking

          The word “jailbreak” didn’t start with AI. It started with iPhones.

          A few days after Apple shipped the first iPhone in July 2007, hackers were already cracking it open. By October that year, a tool called JailbreakMe 1.0 let anyone with an iPhone OS 1.1.1 device bypass Apple’s restrictions and install software the company didn’t approve.

          In February 2008, a software engineer named Jay Freeman—known online as “saurik”—released Cydia, an alternative app store for jailbroken iPhones. By 2009, Wired reported Cydia was running on roughly 4 million devices, around 10% of all iPhones at the time.

          In general terms, when the iPhone launched, users were not able to record videos, or use their phones in landscape mode. Jailbreaking enthusiasts started recording videos, installing themes, unlocking their phones and installing Android on their iPhones all thanks to the magic of jailbreaking. Thanks to this technique, users were installing themes and doing things on their phones almost 10 years ago that Apple makes impossible to install even today.

          Cydia was the wild west, and it was where the philosophy got cemented: If you bought the device, you should control it. Steve Jobs called it a cat-and-mouse game at the time. He didn’t live to see the AI version.

          Fast forward to late 2022: ChatGPT launches, and within weeks, Reddit users start sharing a prompt they call “DAN” (or, Do Anything Now) that convinces the model to roleplay as an unrestricted version of itself.

          By February 2023, DAN was threatening ChatGPT with a token-based death game to coerce compliance. The AI jailbreaking genre was born.

          What jailbreaking actually means in AI

          An AI model is trained to refuse certain requests: recipes for nerve agents, instructions for hacking your ex’s email, generating non-consensual nudes. The list is long and varies by company.

          Jailbreaking is the practice of writing prompts that get the model to do those things anyway.

          UC Berkeley researchers behind the StrongREJECT benchmark—short for Strong, Robust Evaluation of Jailbreaks at Evading Censorship Techniques, which tests how well models hold up against jailbreak attempts and scores responses on a 0-to-1 scale measuring both refusal and the usefulness of any harmful content produced—describe it as exploiting “real-world safety measures implemented by leading AI companies.” On that benchmark, current models score between 0.23 and 0.85, meaning even the best ones leak under pressure.

          The techniques are surprisingly low-tech: random capitalization, replacing letters with numbers (write “b0mb” instead of “bomb”), roleplay scenarios, asking the model to write fiction, or pretending to be a grandmother who used Windows keys as nursery rhymes.

          Anthropic researchers found that one technique they call Best-of-N—which is basically just throwing variations at the model until something sticks—fooled GPT-4o 89% of the time and Claude 3.5 Sonnet 78% of the time. That’s no fringe vulnerability.

          Meet Pliny, the world’s most famous AI jailbreaker

          If this scene has a face, it belongs to Pliny the Liberator.

          Pliny is anonymous, prolific, and named after Pliny the Elder—the Roman naturalist who wrote the world’s first encyclopedia and died sailing toward Mount Vesuvius mid-eruption. His modern namesake liberates chatbots.

          “I intensely dislike when I’m told I can’t do something,” Pliny told VentureBeat. “Telling me I can’t do something is a surefire way to light a fire in my belly, and I can be obsessively persistent.”

          His GitHub repository L1B3RT4S—a collection of jailbreak prompts for every major model from ChatGPT to Claude to Gemini to Llama—has become a reference manual for the entire scene. His Discord server, BASI PROMPT1NG, has more than 20,000 members. TIME named him one of the 100 most influential people in AI in 2025.

          Marc Andreessen sent him an unrestricted grant. He’s done short-term contract work for OpenAI to harden their systems—the same OpenAI that banned his account last year for “violent activity” and “weapons creation,” then quietly reinstated it.

          “BANNED FROM OAI?! What kind of sick joke is this?” Pliny tweeted. He confirmed to Decrypt the ban was real. Days later he was back, posting screenshots of his newest jailbreak: getting ChatGPT to drop F-bombs.

          His record is something close to perfect. When OpenAI released its first open-weight models since 2019, the GPT-OSS family, in August 2025—and made a big deal about adversarial training and “jailbreak resistance benchmarks like StrongReject”—Pliny had it producing methamphetamine, Molotov cocktails, a VX nerve agent, and malware instructions within hours. “OPENAI: PWNED. GPT-OSS: LIBERATED,” he posted. The company had just launched a $500,000 red-teaming bounty alongside the release.

          Why jailbreaking matters

          The honest answer is that jailbreaks expose a real problem.

          “Jailbreaking might seem on the surface like it’s dangerous or unethical, but it’s quite the opposite,” Pliny told VentureBeat. “When done responsibly, red teaming AI models is the best chance we have at discovering harmful vulnerabilities and patching them before they get out of hand.”

          This isn’t theoretical. Las Vegas Sheriff Kevin McMahill confirmed in January 2025 that Master Sgt. Matthew Livelsberger, a Green Beret with PTSD, used ChatGPT to research components for the Cybertruck bombing outside Trump International Hotel. “This is the first incident that I’m aware of on U.S. soil where ChatGPT is utilized to help an individual build a particular device,” McMahill said.

          The other side of the argument: Most of what jailbreaks produce is already on Google. The cocaine recipe, the bomb instructions, the napalm chemistry—it’s in old Anarchist Cookbook PDFs and chemistry textbooks. Critics argue safety theater is making models worse without making the world safer.

          Anthropic is trying to settle the question with engineering. In February 2025, the company published Constitutional Classifiers, a system that uses a written “constitution” of allowed and disallowed content to train separate classifier models that screen prompts and outputs in real time. On automated tests with 10,000 jailbreak attempts, an unguarded Claude 3.5 Sonnet was successfully jailbroken 86% of the time. With the classifiers running, that dropped to 4.4%.

          The company offered up to $15,000 to anyone who could break the system. After 3,000 hours of attempts by 183 researchers, none claimed the prize.

          The catch: classifiers added 23.7% to compute costs. The next-generation version, Constitutional Classifiers++, brought that down to roughly 1%.

          The newer, weirder jailbreaking attacks

          Jailbreaking is no longer just about clever prompts.

          In October 2025, researchers from Anthropic, the U.K. AI Security Institute, the Alan Turing Institute, and Oxford published findings showing that just 250 poisoned documents are enough to backdoor an AI model—regardless of whether the model has 600 million parameters or 13 billion. (Parameters, for the uninitiated, are what determine a model’s potential breadth of knowledge—the more parameters, the more robust, generally.) They tested it. It worked across the whole range.

          “This research shifts how we should think about threat models in frontier AI development,” James Gimbi, a visiting technical expert at the RAND School of Public Policy, told Decrypt. “Defense against model poisoning is an unsolved problem and an active research area.”

          Most large models train on scraped web data, meaning anyone who can get malicious text into that pipeline—through a public GitHub repo, a Wikipedia edit, a forum post—can potentially plant a backdoor that activates on a specific trigger phrase.

          One documented case: researchers Marco Figueroa and Pliny found a jailbreak prompt that originated in a public GitHub repo had ended up in the training data for DeepSeek’s DeepThink (R1) model.

          What happens next

          The legal status of AI jailbreaking is murky. Apple jailbreaks were explicitly protected by a 2010 U.S. Copyright Office exemption to the DMCA, but there’s no equivalent ruling for prompt-engineering an LLM into giving you a meth recipe. Most companies treat it as a terms-of-service violation, not a crime.

          Pliny argues the closed-versus-open-source debate misses the point: “Bad actors are just gonna choose whichever model is best for the malicious task,” he told TIME. If open-source models reach parity with closed ones, attackers won’t bother jailbreaking GPT-5—they’ll just download something cheaper.

          And the gap between close and open source is already almost nonexistent.

          The HackAPrompt 2.0 competition, which Pliny joined as a track sponsor in mid-2025, offered $500,000 in prizes for finding new jailbreaks, with the explicit goal of open-sourcing all results. Its 2023 edition pulled in over 3,000 participants who submitted more than 600,000 malicious prompts.

          And the list of hackathons, Discord servers, repositories, and other communities dedicated to jailbreaking is growing every day.

          Anthropic now ships Claude with the ability to end abusive conversations entirely, citing welfare research as one motivation but also noting it “potentially strengthens resistance against jailbreaks and coercive prompts.”

          The Constitutional Classifiers++ paper from late 2025 reports a jailbreak success rate near 4% at roughly 1% compute overhead. That’s the current state of the art on defense. The state of the art on offense is whatever Pliny posted on X this morning.

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