Tuesday, September 08
Sony Pictures has acquired the screen rights to the Chinese doll brand Labubu with a film reportedly being in works. No producer or filmmaker is attached at this stage, as the deal was just signed this week, as per the entertainment news outlet The Hollywood Reporter. It is also unknown whether the potential movie would be live-action or animated. Designed by Hong Kong-born, European-based artist Kasing Lung in 2015, Labubu is the name of the lead monster doll of the line, which counts leader Zimomo, companion Mokoko, and boyfriend Tycoco as characters among others. The Labubu trend started in 2019 when Pop Mart began selling them as "blind box" collectibles. The trend exploded globally in April 2024 after K-pop idol Lisa of "Blackpink" fame was seen with a Labubu keychain, sparking a vira
Srinagar woke up to a devastating tragedy on Saturday after an accidental explosion ripped through the Nowgam police station on the outskirts of the city, killing nine people and injuring 27 others, mostly policemen and forensic teams. The late-night blast struck while investigators were extracting samples from a large cache of explosives linked to the recently unearthed ‘white-collar’ terror module, officials told PTI.According to officials, the explosion occurred around Friday midnight, shattering the calm of the Nowgam neighbourhood and severely damaging parts of the police station building. The blast was so powerful that rescue teams could not begin operations immediately due to small successive explosions, forcing the bomb disposal squad to wait before entering the debris.What Tri
As companies focused on stockpiling bitcoin and other major cryptocurrencies come under pressure amid market saturation and souring sentiment, new entrants are pushing into less popular tokens, stoking worries over increased volatility.Buoyed by U.S. President Donald Trump's crypto-friendly stance and inspired by the meteoric success of Michael Saylor's Strategy, the number of publicly-traded companies investing in cryptocurrencies in the hopes they will appreciate has boomed. As of September, there were at least 200 digital asset treasury, or DAT, companies - mostly focused on bitcoin - with a combined capitalization of around $150 billion, up over threefold from a year earlier, according to an analysis by law firm DLA Piper.More companies, many of them penny stocks seeking ways to boost
Yield-bearing assets in the cryptocurrency market are expected to grow rapidly as institutional adoption accelerates after the passage of the GENIUS Act, blockchain firm RedStone said in a report on Wednesday.The U.S. has enacted the GENIUS Act, a stablecoin law that creates a regulatory framework for dollar-pegged cryptocurrencies, sparking a surge in interest-bearing stablecoins.However, institutional investors have remained cautious despite tokenization making transactions cheaper and faster, largely due to the absence of clear risk metrics.WHY IT MATTERSUnlike traditional finance, where capital routinely earns interest, most crypto assets do not provide any returns beyond their rise in prices. Yield-bearing crypto assets could unlock significant funds and encourage major financial firm
