asks – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 07 Aug 2025 19:23:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 asks – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Binance Founder Changpeng Zhao Asks Court To Dismiss $1,760,000,000 FTX Bankruptcy Clawback Suit: Report https://earlybirdsinvest.com/binance-founder-changpeng-zhao-asks-court-to-dismiss-1760000000-ftx-bankruptcy-clawback-suit-report/ https://earlybirdsinvest.com/binance-founder-changpeng-zhao-asks-court-to-dismiss-1760000000-ftx-bankruptcy-clawback-suit-report/#respond Thu, 07 Aug 2025 19:23:54 +0000 https://earlybirdsinvest.com/binance-founder-changpeng-zhao-asks-court-to-dismiss-1760000000-ftx-bankruptcy-clawback-suit-report/

The former CEO of the crypto titan Binance is reportedly taking action to terminate the lawsuit filed by the bankruptcy estate of the collapsed digital asset exchange FTX.

In November, the FTX trust and FTX Digital Markets filed a suit against Binance, the exchange’s co-founder Changpeng Zhao and several other executives over a July 2021 share repurchase deal with FTX founder Sam Bankman-Fried.

Bloomberg reports that Zhao is now asking the US Bankruptcy Court for the District of Delaware to dismiss the claims seeking to claw back $1.76 billion that the trust and FTX Digital Markets say were improperly transferred by Bankman-Fried.

In a motion to dismiss filed on Monday, Zhao says the court does not have personal jurisdiction over him because of improper and ineffective service.

The motion argues that Zhao is a resident of the United Arab Emirates and, under the bankruptcy law, serving US counsel on a foreign defendant is improper and invalidates the complaint.

“The claims are so far removed from Delaware, and even the United States, that the statutes at issue, which lack extraterritorial application, do not even apply.”

The filing also says that the bankruptcy law does not definitively extend to foreign transfers, but the trust and FTX Digital Markets improperly attempt to extend their fraudulent transfer claims abroad.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Trump’s DOJ asks for a one-day sentence in Breonna Taylor raid conviction https://earlybirdsinvest.com/trumps-doj-asks-for-a-one-day-sentence-in-breonna-taylor-raid-conviction/ https://earlybirdsinvest.com/trumps-doj-asks-for-a-one-day-sentence-in-breonna-taylor-raid-conviction/#respond Fri, 18 Jul 2025 08:56:40 +0000 https://earlybirdsinvest.com/trumps-doj-asks-for-a-one-day-sentence-in-breonna-taylor-raid-conviction/

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here.

Welcome to The Logoff: In a major reversal from the Biden administration, the Justice Department is asking for a token one-day prison sentence for an ex-police officer who fired shots into Breonna Taylor’s home during a fatal raid in March 2020.

Why is this in the news now? Brett Hankison, a former Louisville, Kentucky, officer, is set to be sentenced next week after being convicted last year of violating Taylor’s civil rights. He could face a maximum sentence of up to life in prison — but under the DOJ request, would ultimately serve no time.

What did Hankison do? Hankison was one of multiple officers to execute a raid on Taylor’s apartment in March 2020. He blindly fired 10 shots into her apartment through a covered window and door, some of which entered an occupied adjoining apartment. None of the bullets Hankison fired ultimately struck a person, but Taylor was shot and killed by another Louisville police officer.

What does the DOJ request mean for Hankison? If the judge — a Trump appointee — adheres to the DOJ sentencing memo, Hankison will never return to jail for his conviction. The memo requests that he receive credit for time already served, rendering even the single-day sentence irrelevant. It also calls for three years of supervised release and a meager fine as part of the sentence.

Why does this matter? Breonna Taylor’s death was one of several high-profile police killings in early 2020 that led to widespread racial justice protests following the murder of George Floyd that May. Since then, strides — though often halting and imperfect — have been made toward police accountability and addressing racial discrimination in policing. The DOJ sentencing memo is the latest sign of the Trump administration’s complete lack of interest in those efforts and preference to roll the clock back to an earlier era.

And with that, it’s time to log off…

Hi readers! A second thank-you in as many days for your emails — I truly appreciated all of the animal photos.

Today, I wanted to highlight this podcast by my colleague Sean Illing, about the idea of “hopeful pessimism.” Sean talks with Mara van der Lugt about what the term means and how to sustain hope when you’re feeling pessimistic. As she puts it, hope can be “oriented not on certainty or expectation, but rather on the openness of the future” and a commitment to our values. It’s a fascinating, lovely discussion that’s really worth your time — I hope you take a moment to listen.

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Trump asks the Supreme Court to neutralize the Convention Against Torture, in DHS v. D.V.D. https://earlybirdsinvest.com/trump-asks-the-supreme-court-to-neutralize-the-convention-against-torture-in-dhs-v-d-v-d/ https://earlybirdsinvest.com/trump-asks-the-supreme-court-to-neutralize-the-convention-against-torture-in-dhs-v-d-v-d/#respond Tue, 10 Jun 2025 04:06:10 +0000 https://earlybirdsinvest.com/trump-asks-the-supreme-court-to-neutralize-the-convention-against-torture-in-dhs-v-d-v-d/

Federal law states that the United States shall not “expel, extradite, or otherwise effect the involuntary return of any person to a country in which there are substantial grounds for believing the person would be in danger of being subjected to torture.” This law implements a treaty, known as the Convention Against Torture, which the United States ratified more than three decades ago.

Federal regulations, moreover, provide that even after an immigration judge has determined that a noncitizen may be deported to another country, that judge’s order “shall not be executed in circumstances that would violate Article 3 of the United Nations Convention Against Torture.” And those regulations also establish a process that immigrants can use to raise concerns with an immigration judge that they may be tortured if sent to a specific country.

The Trump administration, however, claims it has discovered a loophole that renders all of these legal protections worthless, and is now asking the Supreme Court to explicitly give it the authority to make use of that loophole in order to enact its immigration policies.

According to President Donald Trump’s lawyers, the administration can simply wait until after an immigration judge has conducted the proceeding that ordinarily would determine whether a particular noncitizen may be deported to a particular country, and then, if that noncitizen is allowed to be deported, announce that the immigrant will be deported to some previously unmentioned country — even if that immigrant reasonably fears they will be tortured in that nation.

Department of Homeland Security v. D.V.D., the case where the Trump administration asks the justices to neutralize the Convention Against Torture, is unlike some of the more high-profile deportation cases that reached the Supreme Court — such as the unlawful deportation of Kilmar Armando Abrego Garcia to El Salvador — in that no one really questions that the immigrants at the heart of this case may be deported somewhere.

D.V.D. involves immigrants who have gone through the ordinary process to determine whether they can be removed from the country. The Trump administration even claims that some of them were convicted of very serious crimes. According to the administration, “all were adjudicated removable.”

But the Convention Against Torture and the federal law implementing it forbid the government from deporting anyone to a country where there is good reason to believe they will be tortured. And federal immigration law and regulations lay out the process that should be used to determine if an immigrant may be deported to a particular country.

How immigration hearings are supposed to work

As the district judge who heard this case explained in his opinion ruling that Trump must comply with the Convention Against Torture, when the government wishes to deport a noncitizen, that individual is typically entitled to a hearing before an immigration judge. That hearing determines “not only whether an individual may be removed from the United States but also to where he may be removed.”

In these proceedings, the immigrant is given an opportunity to name where they want to be deported to, if the immigration judge determines that they should be removed. If the immigrant does not do so, or if the United States cannot deport them to their designated country, federal law lays out where they may be sent. The United States may deport someone to a country where they have no ties only as a last resort, and only if that nation’s government “will accept the alien into that country.”

The immigration judge will generally inform the noncitizen which nations they could potentially be sent to, giving that noncitizen an opportunity to raise any concerns that they may be tortured if sent to a particular country. The immigration judge will then decide whether those concerns are sufficiently serious to prohibit the United States from sending the immigrant to that particular country.

The D.V.D. case concerns noncitizens who have been through this process. In many cases, an immigration judge determined that they could not be deported to a particular country. According to the immigrants’ lawyers, for example, one of their clients is a Honduran woman. An immigration judge determined that she cannot be sent back to Honduras because her husband “severely beat her and the children after his release from prison” and she fears that he would find her and abuse her again.

And that brings us to the loophole that Trump’s lawyers claim he can exploit to bypass the Convention Against Torture.

Ordinarily, if the government wants to deport someone to a country that did not come up during their hearing before an immigration judge, it can reopen the process. The government will inform the immigrant where it wishes to deport them. The immigrant will again have the opportunity to object if they fear being tortured, and an immigration officer and, eventually, an immigration judge, will determine if this fear is credible.

But the Trump administration claims it can bypass this process. If a country “has provided diplomatic assurances that aliens removed from the United States will not be persecuted or tortured,” the Trump administration claims it can deport people to that country “without the need for further procedures.” In other cases, it claims that it can give the immigrant such a brief period of time to raise an objection that it would be exceedingly difficult for them to find legal counsel, much less compile enough evidence to show that their fears are justified.

Using this virtually nonexistent process, the Trump administration recently tried to deport several non-Sudanese immigrants to South Sudan, a nation that was recently in a civil war. The peace in South Sudan, moreover, appears to be collapsing.

So Trump’s lawyers claim that the government can wait until after a noncitizen has received a hearing before an immigration judge, and only then reveal where it intends to send that noncitizen — even if that country is one of the most dangerous locations on Earth. And the immigrant may receive no process whatsoever after they learn about this decision.

Can Trump actually deny due process to people who might be tortured?

Recently, in A.A.R.P. v. Trump (2025), the Supreme Court ruled that a different group of immigrants that Trump hoped to deport without due process “must receive notice…that they are subject to removal…within a reasonable time and in such a manner as will allow them to actually seek” relief from a federal court. The district judge that heard the D.V.D. case determined that a similar rule should apply to noncitizens the Trump administration wants to deport to a surprise third country.

The Trump administration, however, primarily argues that three provisions of federal law governing which courts are allowed to hear immigration disputes mean that the district judge lacked jurisdiction to hear the D.V.D. case in the first place.

One of these provisions generally forbids federal courts from second-guessing the government’s decision to bring a removal proceeding against a particular immigrant. It also typically prohibits judges from intervening in the government’s decision to execute an existing removal order once that order has been handed down by an immigration judge. But, as the district judge explained, the D.V.D. plaintiffs do not challenge the government’s ”discretionary decisions to execute their removal orders.” Nor do they “challenge their removability.” They merely challenge the government’s decision to bypass the ordinary process it must use to obtain an order permitting an immigrant to be deported to a specific country.

The other two provisions, meanwhile, largely govern the appeals process that immigrants may use if they lose a case before an immigration judge. Such cases are typically appealed to the Board of Immigration Appeals, and then to a federal circuit court, not the district court that heard the D.V.D. case. But, again, the D.V.D. plaintiffs do not seek to appeal an immigration judge’s decision. They object to the Trump administration’s refusal to bring them before an immigration judge in the first place.

Trump’s lawyers, moreover, are quite candid about what it means if the Supreme Court accepts these jurisdictional arguments. “To the extent an action does not fit” within their proposed process, they argue, “the result is that judicial review is not available.” So, if Trump prevails, many of the immigrants he hopes to target will not have any recourse in any court.

Many immigrants, in other words, could be deported without any judge or other neutral adjudicator considering whether the immigrant will be tortured in the country the Trump administration wants to send them to — both circumventing the Convention Against Torture and giving the administration a cruel new weapon in its immigration crackdown.

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IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin mining https://earlybirdsinvest.com/imf-asks-for-urgent-clarification-from-pakistan-over-2000mw-power-allocation-to-bitcoin-mining/ https://earlybirdsinvest.com/imf-asks-for-urgent-clarification-from-pakistan-over-2000mw-power-allocation-to-bitcoin-mining/#respond Sun, 01 Jun 2025 17:38:31 +0000 https://earlybirdsinvest.com/imf-asks-for-urgent-clarification-from-pakistan-over-2000mw-power-allocation-to-bitcoin-mining/

The International Monetary Fund (IMF) wants Pakistan to urgently clarify its plans for allocating power to Bitcoin mining amid the country’s electricity shortages and fiscal problems, according to a local news report. The IMF delegation is expected to hold a separate virtual session with Pakistan’s Finance Ministry to specifically discuss the electricity allocation.

Last week, Pakistan announced that it will allocate 2,000 megawatts of power towards the operation of Bitcoin mines and artificial intelligence (AI) data centres.

The IMF, which has repeatedly warned countries against the risks of governments buying Bitcoin, sanctioned a $2.4 billion loan for Pakistan earlier this month, and is currently in talks with the country about its budgetary plans.

According to Finance Ministry sources, Pakistan did not loop in the IMF in its plans for power allocation to Bitcoin mining. Citing sources familiar with the matter, however, the local news report stated that the IMF has reiterated its demand that countries receiving aid from the organization under the Extended Fund Facility (EFF) consult on all policy changes.

An official involved in the budget negotiations with the IMF told local news outlet Samaa:

“There is a fear of further tough talks from the IMF on this initiative [of allocating electricity to Bitcoin mining]. The economic team is already facing stiff questions, and this move has only added to the complexities of the ongoing talks.”

Pakistan plans to repurpose three underutilized coal power plants to provide electricity to Bitcoin mines and AI data centers. However, the IMF is concerned about how the initiative will impact electricity tariffs and distribution.

In April, Pakistan’s National Electric Power Regulatory Authority announced cuts to electricity prices for a range of consumers. The cuts, however, followed an increase in base power tariffs announced last year.

Pakistan is taking rapid strides to embrace crypto

Over the past few months, Pakistan has rapidly changed its stance on cryptocurrencies, announcing several plans and initiatives to adopt crypto assets and regulate them.

In March, the country established the Pakistan Crypto Council (PCC) to regulate crypto assets, boost their adoption, and integrate them into Pakistan’s financial landscape. In early April, Pakistan appointed former Binance CEO Changpeng Zhao (CZ) as strategic advisor to the council.

Late last month, World Liberty Financial, a decentralized finance project with close ties to President Donald Trump and his sons, signed a Memorandum of Understanding (MoU) with PCC.

On May 21, following the recommendation of the PCC, the government established the Pakistan Digital Assets Authority (PDAA)—an event attended by U.S. Vice President JD Vance as well as Trump’s sons, Eric and Donald Trump Jr.

The PDAA would serve as a regulatory watchdog responsible for overseeing the licensing of digital asset service providers, ensuring compliance with the Financial Action Task Force’s (FATF) regulations, and promoting innovation.

At the Bitcoin 2025 conference on Thursday, Bilal bin Saqib, crypto adviser to Prime Minister Shehbaz Sharif, unveiled the country’s first strategic Bitcoin reserve, drawing the IMF’s scrutiny. Saqib, who also announced the launch of a national Bitcoin wallet, noted:

“Our youth are online and on-chain. Pakistan, with over 40 million crypto wallets and an average age of 23 years, is now being recognised for its future rather than its past.”

Mentioned in this article
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Senator Asks for Trump Impeachment Over Private Dinner with Top Meme Coin Holders https://earlybirdsinvest.com/senator-asks-for-trump-impeachment-over-private-dinner-with-top-meme-coin-holders/ https://earlybirdsinvest.com/senator-asks-for-trump-impeachment-over-private-dinner-with-top-meme-coin-holders/#respond Sun, 27 Apr 2025 09:06:42 +0000 https://earlybirdsinvest.com/senator-asks-for-trump-impeachment-over-private-dinner-with-top-meme-coin-holders/ U.S. Senator Jon Ossoff has voiced strong support for impeaching President Donald Trump, following revelations about a planned private dinner with top holders of the Official Trump meme coin.

Speaking at a town hall in Georgia on April 25, Ossoff criticized the president for what he described as “selling access” to his office.

“I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” Ossoff said, according to NBC News.

“When the sitting president of the United States is effectively accepting payments for access, that clearly qualifies as an impeachable offense.”

Senator Backs Trump Impeachment but Says Action Unlikely Without Democrat Majority

While Ossoff emphasized his firm backing for impeachment proceedings, he acknowledged that any such action would face significant hurdles unless Democrats regain control of Congress in the 2026 midterm elections.

Currently, Republicans hold the majority in both chambers.

The controversy stems from an April 23 announcement on the Official Trump memecoin website, which revealed plans for an exclusive dinner hosted by President Trump at his Washington, D.C. golf club.

The event is reserved for the top 220 TRUMP token holders, with the website posting a public leaderboard and registration details.

Following the announcement, the TRUMP token surged over 50%, according to CoinMarketCap.

Applicants for the dinner must pass a background check and cannot be from countries flagged under Know Your Customer (KYC) regulations. Additionally, no guests are permitted.

$TRUMP Token Team Denies $300K Requirement for Dinner with President

In a statement posted on April 24, the $TRUMP token team clarified that holders do not need to spend $300,000 to qualify for its “Dinner with President Trump” contest.

The team said that entry includes exchange and locked holdings not participating in the contest.

Eligibility is determined solely by registered users on the official leaderboard, which ranks time-weighted $TRUMP balances throughout the competition.

“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating,” the team said.

The project emphasized that all participants must register to be counted. As of the announcement, the 220th-ranked participant held just over $400 worth of tokens.

The leaderboard is available at trumpdinner.gettrumpmemes.com.

Tokens from the cliff unlock and daily distributions will remain locked for an additional 90 days, the team said, extending past the competition period.

The post Senator Asks for Trump Impeachment Over Private Dinner with Top Meme Coin Holders appeared first on Cryptonews.

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Bill Burr’s Hulu special asks how a man should be https://earlybirdsinvest.com/bill-burrs-hulu-special-asks-how-a-man-should-be/ https://earlybirdsinvest.com/bill-burrs-hulu-special-asks-how-a-man-should-be/#respond Thu, 27 Mar 2025 02:30:06 +0000 https://earlybirdsinvest.com/bill-burrs-hulu-special-asks-how-a-man-should-be/

What does a contrarian, grievance-happy comedian do when contrarianism and grievance become the norm? Bill Burr, long the poster child for a type of angry white male misanthrope, may be the last person you’d expect to embrace empathy in response to, well, everything — but that seems to be the case.

Burr recently told NPR’s Terry Gross that “there’s also a part of me that really hates the fact that I have been so angry.” His new Hulu comedy special, Bill Burr: Drop Dead Years, leans all the way into that remorse, with jokes that — for the most part — sidestep giving into anger and remonstrance in favor of self-reflection. It’s a far cry from his old persona, which often reveled in jokes about lesbians, fat people, trans athletes, and other marginalized groups who seemed to draw his ire.

Burr discusses things that he previously would likely have been the first to ridicule: his experiences with therapy, learning how to be a kinder partner, and the real effects of toxic masculinity on men. He even opens up briefly about experiencing intense depression and childhood sexual abuse. It’s pretty weighty stuff, treated with surprising and studious care.

Alongside the special, he’s also making headlines for taking aim at billionaires, defending Luigi Mangione, getting into fights with conservative commentators, and roasting Elon Musk for doing a Nazi salute — a move that he claims got him flagged by the Musk-owned X. It’s leading some conservatives to ask, is Burr actually “going woke?”

Well, no, not exactly. But there is something new to the way Burr is positioning himself as a man in 2025 America. “He is giving voice to a feeling that the rules or acceptable strategies for climbing the masculinity ladder feel opaque, contradictory, and changing,” Northwestern sociologist Rebecca Ewert told Vox, referring to the status hierarchies men have to navigate in a patriarchal society. “There have been rules — they have never been consistent. Black men need different strategies than white men. There are different ways of proving dominance in a weightlifting gym than on the floor of Congress. Burr is explaining that they feel more contradictory than ever.”

As a 56-year-old white guy, Burr embodies the much-discussed masculinity crisis — yet while griping about his losses, he’s also noticing that even his advantages can be shortcomings in disguise. “He’s articulating ways the system doesn’t serve him,” Ewert said, “but he’s also so afraid to lose that system he’s been seeing his whole life. And we’re seeing that throughout the culture.”

You might think that anxiety over his perceived loss of status would produce even angrier comedy. Yet counter to prevailing cultural narratives about angry white men getting older and more cantankerous, Burr seems to feel liberated by aging. He’s happy to be getting along better with his wife, relieved to finally be able to say out loud that he’s sad.

“Men aren’t allowed to be sad,” he says, in a self-deprecating moment describing how he opened up to his wife about experiencing emotion. “We’re allowed to be one of two things. We’re allowed to be mad or fine.” It’s far from an earth-shattering revelation, but it feels significant when it’s coming from someone like Burr, who previously seemed defiant and even proud of his limited emotional range. He was far from alone; if anything, he was part of a cultural moment that seems geared toward rewarding emotional repression and regressive forms of masculinity.

University of Birmingham sociologist Yuchen Yang points out that Burr’s sudden interest in chilling out is self-serving on an existential level. He has for many years served as the poster child for a kind of masculinity that, as Yang put it, “is not only harmful to women, queer, and people of color, but also detrimental to [men]’s own existence.”

“Dominant cultural beliefs about manhood often lead men into an unhealthy lifestyle,” Yang said. “Yet at the same time, the stigma around vulnerability also makes it difficult for men to seek help when needed,” he explains, pointing to therapy, medical invention, and simple wellness tactics as preferable alternatives to doubling down.

The real issue, Yang says, is that men are “chasing a cultural ideal that is far from realistic.” As he points out, “Very few men can actually achieve this ideal, and those who do get close to it can hardly embody it all the time.” In other words, even as men want to embody a patriarchal masculinity, they’re just as trapped by its societal expectations as everyone else.

Over the last decade, the “manosphere” — internet spaces focused on the lives and status of men, dominated by influencers and podcasters like Andrew Tate, Joe Rogan, and a coterie of their peers — emerged as both a reaction to and worsening agent for this problem. Yang suggests its existence “is an attempt to resolve the inherent contradictions of patriarchy without overthrowing patriarchy.”

“Those in the manosphere want to recover men’s ‘natural’ masculinity,” he said, “but there is nothing ‘natural’ about the kind of masculinity they are invested in.”

While these online spaces give men a sense of community, they also foster growing misogyny, extremism, and disgruntlement. Men now are more isolated than ever, and compared to women, they’re dying younger and are more likely to die by causes including suicide, overdose, or complications from alcohol or drug abuse.

Throughout Drop Dead Years, Burr discusses his own struggle with alcohol addiction as well as the broader epidemic of sad men. (“The number one place to see sad men?” he jokes. “Guitar Center.”) Yet he seems to have not only recognized all of this, but decided to evolve in response. Burr makes the point that all of that repression of emotion takes a real toll on men’s health — notable in a special that references his awareness of dying throughout. “You start thinking about your life, you know?” he confesses. “You take stock in it. I start thinking about how fast my life’s going by, how quick my kids are growing up.”

None of this is quite as simple as “man realizes he wants to be a better person as he gets older.” What stands out to Ewert is his deep ambivalence about all of this. She notes that Burr often swings from serious discussion about his deepest fears and hopes to jabs about women — as if his gut reaction is to punch down in order to remind himself and others that he’s not on the bottom.

“I don’t see him making a coherent argument. I see a lot of reactions,” she says. “That’s relatable — I think that’s what a lot of men are going through.”

There’s a sense that Burr has been working out not only how to get in touch with his softer emotions, but how to do softer, less confrontational comedy in a way that still feels nuanced — comedy that we might think of as punching sideways instead of either of the expected directions.

At one point, he roasts his audience members for laughing at a joke he sets up about Joe Biden and dementia. “Not 30 seconds ago, when I said someone in my family got diagnosed [with dementia], you guys were all — you could hear a pin drop. And you had empathy,” he points out. “Second you put a blue or a red tie on it — ‘Fuck that old man! Fuck him! I’m glad he’s gonna die!’”

In recent years, comedy has been treated to a litany of comics, from Dave Chappelle to Louis C.K., who, when called out for various offenses, have doubled down on their commitment to disgruntlement. Burr, too, isn’t over the idea; he’s still frustrated that the rules about who gets canceled and who doesn’t are so inconsistent, still talking about how the social phenomenon has rendered him unable to insult someone who deserves it. “Even if he took my last slice of pizza and is denying it with pepperoni on his breath,” Burr says, “I can’t be like, ‘You fat, man-titted c**t.’”

But whatever Bill Burr might say about “cancel culture” as a corrective, in his case, he’s managed to do the one thing that the liberal backlash was seeking all along: listening and trying to be a little better. It’s the thing that none of those other comics got around to.

“I think he has been seeing the real rewards of emotional connection in his life,” Ewert said. Yelling on stage is one thing, she notes, “but at your house you realize that not yelling makes you feel better.”

“I think there’s hope in this message,” she continued. “If more of us could talk about men’s issues, about men’s mental health, as the result of a patriarchal system that puts all of us in a hierarchy, then that helps all of us.”

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Galaxy’s Mike Novogratz Shuts Down Calls for Ethereum Hard Fork, Asks World Leaders To Go After Lazarus Group https://earlybirdsinvest.com/galaxys-mike-novogratz-shuts-down-calls-for-ethereum-hard-fork-asks-world-leaders-to-go-after-lazarus-group/ https://earlybirdsinvest.com/galaxys-mike-novogratz-shuts-down-calls-for-ethereum-hard-fork-asks-world-leaders-to-go-after-lazarus-group/#respond Mon, 24 Feb 2025 11:13:35 +0000 https://earlybirdsinvest.com/galaxys-mike-novogratz-shuts-down-calls-for-ethereum-hard-fork-asks-world-leaders-to-go-after-lazarus-group/

Billionaire Mike Novogratz says world leaders should act to take down Lazarus, the notorious North Korean hacker group responsible for the recent Bybit hack, which is believed to be the biggest heist in human history.

Novogratz, the CEO of crypto investment firm Galaxy Digital, says that Bybit did a world-class job of handling the hack, which ultimately resulted in $1.4 billion worth of Ethereum (ETH) being stolen from the exchange’s cold wallet.

Following the hack, some prominent figures in the industry have proposed the idea of rolling back the Ethereum network.

Blockchain rollbacks reverse transactions that have already been confirmed to restore the chain to a specified earlier state and are usually performed after a network undergoes a major security breach. In the case of ETH, a rollback will lead to a hard fork similar to what happened nine years ago during the Ethereum DAO hack when thieves drained 3.6 million Ether.

Novogratz strongly rejects the idea.

“This is a false narrative. Lazarus has been at it for years. They have stolen BTC, ETH and plenty of other cryptos.

There will be and should be no ETH fork. Bybit unfortunately will take a hit until their funds are recovered if our governments ever press NK (North Korea). The community will freeze the accounts and we move on.

The 2015 fork was at a very, very different time for the ecosystem. It was still a baby taking its first steps and steadying it made a ton of sense. Not true now.”

The Galaxy executive is also calling on world leaders to deal with the threat posed by the North Korean hacker group.

“It’s time world leaders do something about Lazarus.”

At time of writing, ETH is trading at $2,728.

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SEC Asks Court for Coinbase Case Deadline Extension, Citing 'Potential Resolution' Prospects https://earlybirdsinvest.com/sec-asks-court-for-coinbase-case-deadline-extension-citing-potential-resolution-prospects/ https://earlybirdsinvest.com/sec-asks-court-for-coinbase-case-deadline-extension-citing-potential-resolution-prospects/#respond Sat, 15 Feb 2025 09:13:16 +0000 https://earlybirdsinvest.com/sec-asks-court-for-coinbase-case-deadline-extension-citing-potential-resolution-prospects/

Attorneys for the U.S. Securities and Exchange Commission hinted at a potential settlement with Coinbase in a late Friday court filing, citing the regulator’s new crypto task force.

The SEC asked a federal appeals court to extend its deadline to respond to Coinbase, which filed an appeal of a federal judge’s ruling last month. District Judge Katherine Polk Failla ruled last year that the SEC had brought a plausible case that Coinbase sold unregistered securities on its platform. The exchange asked the appeals court panel to weigh in on how securities laws might apply to crypto.

On Friday, the agency asked for a four-week extension to its deadline (currently set for Feb. 14) to file its response, citing Acting SEC Chair Mark Uyeda’s new crypto task force, headed by Commissioner Hester Peirce.

“The crypto task force’s work may affect and could facilitate the potential resolution of both the underlying district court proceeding and potential appellate review, conserving judicial resources. Because the Commission’s review of crypto-related issues is ongoing, the Commission requests this additional time to prepare its answer to Coinbase’s petition and for appropriate review,” the filing said.

This is the second case the SEC asked for an extension in; earlier this week, the SEC and Binance filed for a 60-day stay in the regulator’s case against that exchange and affiliated parties, saying the extension could similarly lead to a resolution. The judge overseeing that case granted the stay.

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zkLend loses $9.5M in crypto heist, asks hacker to return 90% https://earlybirdsinvest.com/zklend-loses-9-5m-in-crypto-heist-asks-hacker-to-return-90/ https://earlybirdsinvest.com/zklend-loses-9-5m-in-crypto-heist-asks-hacker-to-return-90/#respond Thu, 13 Feb 2025 05:25:06 +0000 https://earlybirdsinvest.com/zklend-loses-9-5m-in-crypto-heist-asks-hacker-to-return-90/

CryptoCurrency falling

Decentralized money lender zkLend suffered a breach where threat actors exploited a smart contract flaw to steal 3,600 Ethereum, worth $9.5 million at the time.

zkLend is a decentralized money-market protocol built on Starknet, a Layer 2 scaling solution for Ethereum. It enables users to deposit, borrow, and lend various assets.

The attack took place yesterday afternoon, with zkLend warning on X they were suffering a cybersecurity incident.

According to the EthSecurity Telegram channel, the threat actors exploited a rounding error bug in zkLend’s smart contract mint() function.

“The attacker manipulated the “lending_accumulator” to be very large at 4.069297906051644020, then took advantage of the rounding error during ztoken mint() and withdraw() to repeatedly deposit 4.069297906051644021 wstETH getting 2 wei then withdraw 4.069297906051644020*1.5 -1 = 6.103946859077466029 wstETH to expend just 1 wei,” reads a post to the EthSecurity channel.

Starkware, who developed the Starknet network, confirmed that the vulnerability was not part of Starknet technology but rather an application-specific bug.

According to Cyvers, the threat actors attempted to launder the crypto through the RailGun privacy protocol but was blocked due to protocol policies.

zkLend has now issued a message to the hacker stating that if they return 90% of the stolen Ethereum, which is 3,300 ETH, they can keep the other 10% and will not face any liability for the attack.

“We understand that you are responsible for today’s attack on zkLend. You may keep 10% of the funds as a whitehat bounty, and send back the remaining 90%, or 3,300 ETH to be exact, to this Ethereum address: 0xCf31e1b97790afD681723fA1398c5eAd9f69B98C,” reads an on-chain message to the hacker.

“Upon receiving the transfer, we agree to release from any and all liability regarding the attack.”

“We are working with security firms and law enforcement at this stage. If we do not hear from you by 00:00 UTC, 14th Feb 2025, we will proceed with the next steps to track and prosecute you.”

zkLend message to hacker

The crypto thieves have until February 13, at 7:00 PM EST, to return 90% of the stolen funds, after which zkLend will pursue legal action.

There has not been any response from the hacker, which is usually the case in these situations. No threat actors have been attributed to the attack.

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