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TKO/WWE Lifts In And Out Of The Ring; Up and Down Cycle; TKO's Nick Khan Offers Positive Vibes To US Admin Re Ali Act Amendment; TKO's LinkedIn Enjoys Strong News Media Buzz

April 27, 2026

(Sydney, Australia)

ASX futures down 3 points/0.03%: 8798
AUD +0.1% at US71.60¢
Bitcoin $79,222.72 +2.34%
Dow -0.2%
S&P +0.8%
Nasdaq +1.6%
Gold +0.3% to $US4709.50 an ounce
Silver 76.540 +0.858
Brent oil +0.3% at $US105.33 a barrel
Iron ore +0.3% at $US107.05 a ton
Coffee 294.90 -5.45

Numbers Double Check

Australian Dollar: $0.7130 USD (up $0.0006 USD)
Iron Ore: $107.05 USD (up $0.40 USD)
Oil Price (West Texas): $94.40 USD (down 2.99 USD)
Gold Price : $4,708.69 USD (up $15.67 USD)
Copper Price): $6.0285 USD (up $0.0060 USD)
Dow Jones: 49,230.71 (down 79.61 points

Shares

Before The Bell

TKO Group Holdings Inc
$186.50 +0.24 +0.13%

Alphabet Inc Class A
$344.40
+5.51 +1.63%

News

WWE/Pop Culture

Paul Heyman Praises Lil Yachty Amid WWE Celebrity Backlash

On SmackDown, Yachty celebrated new U.S. Champion Trick Williams' WrestleMania 42 victory over Sami Zayn, but Zayn ambushed them unmasked as a Gingerbread Man with a Helluva Kick. Paul Heyman endorsed Yachty as a respectful crossover star who honors WWE's history and fans, countering backlash from viewers upset over recent talent cuts like Aleister Black and Karrion Kross. While some fans call it unwanted filler, others praise the fun energy as WWE balances celebrities with homegrown stories ahead of Backlash. (Media Man Peg-On): We're going with Heyman on this. Yachty is great and over with the audience for the most part.

News

UFC/MMA

(Australia)

UFC Fight Night in Perth Features Main Event Between Jack Della Maddalena and Carlos Prates

UFC Fight Night is set for Perth, Western Australia, headlined by a welterweight bout between top-ranked fighters Jack Della Maddalena and Carlos Prates. The event, promoted as UFC Perth, airs live on Paramount Plus. (Media Man Peg-On): On paper this Fight Night down under should be stronger/better than some of their previous fight nights are far as match quality.

News

Pop Culture/WWE

Adam Pearce Hypes Stacked WWE Raw in Laredo Tomorrow

WWE Raw hits Sames Auto Arena in Laredo, Texas, tomorrow at 8 p.m. ET exclusively on Netflix, building hype for Backlash with Seth Rollins opening in promo, Becky Lynch returning as three-time Women's Intercontinental Champion, Joe Hendry's first Raw concert, Penta El Zero Miedo vs. Rusev grudge match, Bayley and Lyra Valkyria vs. Roxanne Perez and Raquel Rodriguez, and Roman Reigns responding to Jacob Fatu's title challenge. Pearce teased the action in a fun video, but fans voice frustrations over Kairi Sane's absence and repeated women's tag bouts. Local buzz mentions possible CM Punk spots, though unconfirmed. (Media Man Peg-On): Always pumped for WWE RAW. Fresh meat, men and women, comig in from NXT. Let's F'N Go! Red turns to green baby!

News

Pop Culture/Lucha Libre

AAA Announces New General Manager Reveal on May 23

On the April 25 episode of AAA on Fox, President Marisela Peña announced that Lucha Libre AAA Worldwide will get a new General Manager, with the live reveal set for May 23 in Mexico City. This follows her son Dorian Roldán's recent plea for the role, which she decided to open to other candidates after careful thought. Fans are speculating on names like Zelina Vega, Rey Mysterio, or even The Undertaker, amid AAA's growth since WWE's majority stake acquisition last April and its new Fox broadcasts blending lucha action with WWE polish. (Media Man Peg-On): Ariba. Triple A has massive influence from The Undertaker, and it's paying off as far as entertainment value for fans and in other creative and business ways from what we see and hear. Can see see Danhausen in Triple H also? Lucha Hausen!

News

Gunman Tries to Breach Security at White House Correspondents' Dinner, Trump Escapes Unharmed

A 31-year-old man from California, Cole Tomas Allen, rushed a security checkpoint at the annual black-tie event, armed with a handgun, shotgun, and knives; he left a manifesto targeting Trump. One Secret Service agent was hit in his bulletproof vest but not seriously injured, and no other casualties occurred. Trump praised the agents as heroes and renewed calls for a secure White House ballroom, while bipartisan leaders condemned the violence amid criticism of event security lapses. (Media Man Peg-On): Talk about a high risk occupation, and we thought Army and journalism was a tough gig!

April 23

(Wall St, New York) : April 24 (Sydney, Australia)

UFC - MMA Building Stars Again

New York Kind Of Feeling

US Stocks - Black Friday - Black-ish Thursday into Friday

Post WrestleMania; Road To WWE Backlash 2026

WWE Management And Wrestlers Bullish; Wrestling and Boxing

Sports Biz Event Tickets And Merch Drive

Danhausen Lifts WWE Merch Hausen

Traditional Big Tech Sector Takes Big Hit April 23

Media Man Group Weekly Series

News Lead Up

ASX 200 futures down 4 points: 0.1% to 8828
AUD -0.4% to US71.30¢
Bitcoin $78,168.22 +0.52%
Dogecoin $0.09776 +2.24%
Ripple aka XRP $1.4374 +1.48%

Wall St:
Dow -0.4%
S&P -0.4%
Nasdaq -0.9%

VIX +0.39 to 19.31
Gold -1% to $US4694.14 an ounce
Brent oil +4.5% to $US106.44 a barrel
Iron ore -0.6% to $US106.65 a tonne
10-year yield: US 4.32% Australia 5.00%

News Lead Up

April 24 (Sydney, Australia)

Numbers Double Check

Australian Dollar: $0.7124 USD (down $0.0036 USD) Iron Ore: $106.65 USD (down $0.45 USD)
Oil Price (West Texas): $97.39 USD (up 4.52 USD)
Gold Price : $4,693.02 USD (down $46.76 USD)
Copper Price: $6.0225 USD (down $0.1145 USD)
Dow Jones: 49,310.32 (down 179.71 points)

News

Bulls control Crude Oil

The conflict in the Middle East has altered the dynamics of the oil market.

The longer the Strait of Hormuz remains blocked, the higher the risks of a Brent rally. Don’t expect things to return to normal. Before the conflict in the Middle East, the oil market was in the hands of the bears. Demand was falling due to the shift towards alternative energy sources, whilst supply was rising. OPEC+ was gradually increasing production to avoid losing market share and investors were talking about a record surplus. Today, the IEA estimates the loss of supply at 12 million barrels per day, which is more than during the Arab oil embargo of 1973–1974 and the Iranian Revolution of 1978–1979 combined. However, it would be rather naive to think that the end of the war will cause prices to plummet. Even after the Strait of Hormuz reopens, it will take months to restore production in the damaged energy infrastructure of the Persian Gulf. At the same time, countries are seriously concerned about energy security and will work hard to boost oil demand. Interestingly, the current decline in demand is preventing Brent from soaring too high. Vitol, a crude oil trader, estimates a demand loss of around 4 million barrels per day due to excessively high prices. If we add Saudi Arabia’s workarounds, the increase in US crude exports, and active purchases by China and India of Russian barrels stranded at sea, then the stabilisation of Brent near $100 starts to look logical. The math suggests that the actual deficit is closer to 5% than 10%. The problem is that the crude on Russian tankers at sea is running out, the US’s ability to ramp up supply is limited by existing infrastructure, and a resumption of fire in the Middle East could lead to the Houthis blocking Saudi Arabia’s alternative routes. With this background, Citi’s forecast of Brent rising to $110 a barrel should the Strait of Hormuz be blocked for another month will seem far too modest. The longer the US and Iran delay reaching a peace agreement, the more devastating the oil crisis risks being for the global economy. However, optimism has not yet faded. Investors are operating on the assumption that ‘it could be worse’. A fragile peace in the form of an indefinite ceasefire is better than war. The transit fee paid to Iran is seen as compensation for the bombing of its territory. (FxPro)

News Flashback

March 2026

plus

Past, Present and Future

News Flashback

Shares

TKO Group Holdings Inc
$195.41 +6.21 +3.28%

News Flashback

TKO's WWE Gets John Cena For WrestleMania Vegas 2026

John Cena to host WrestleMania 42

John Cena is stepping back onto The Grandest Stage of Them All as the host of WrestleMania 42. The Greatest of All Time broke the news on social media that he is headed to Las Vegas. The 17-time World Champion retired from in-ring competition last December after his loss to Gunther at Saturday Night's Main Event but is now making his first return to WWE. Don't miss all the action when WrestleMania 42 STREAMS LIVE on Saturday, April 18, and Sunday, April 19, at 6 ET/3 PT on the ESPN App from Allegiant Stadium in Las Vegas.

News Flashback

WWE Raw Hits Madison Square Garden with Title Defenses and Big Returns

Penta El Zero Miedo defends the Intercontinental Championship against hometown hero Kofi Kingston, fresh off Kingston's social media challenge. The Usos put the World Tag Team Titles on the line in a Street Fight against Austin Theory and Logan Paul, while Nia Jax and Lash Legend face Bayley and Lyra Valkyria for the Women's Tag Championships. CM Punk confronts Roman Reigns amid their heated feud, Brock Lesnar returns for revenge on Oba Femi, and Finn Bálor addresses a Judgment Day betrayal—all building hype for WrestleMania 42. The show streams live on Netflix at 8 ET from the iconic arena.

News

News Flashback

November 2025

Polymarket Partnership Could Be a Game Changer for TKO Group Holdings (TKO)

Nov 17

(In Case You Missed It)

Polymarket/UFC/TKO

Polymarket recently announced a multi-year partnership making it the Official and Exclusive Prediction Market Partner for UFC and Zuffa Boxing, introducing real-time fan prediction metrics directly into UFC broadcasts and social media experiences.

This collaboration marks the first time major sports organizations have integrated prediction market technology into the live fan experience, creating new ways for audiences to interact and for TKO's sports brands to differentiate themselves.

We'll explore how this innovative fan engagement initiative could strengthen TKO Group Holdings' investment narrative by deepening audience connection and content value.

What Is TKO Group Holdings' Investment Narrative?

To see the value in TKO Group Holdings as a shareholder, you really have to believe in its ability to keep building out top sports entertainment brands like UFC and WWE into global, multi-platform franchises. A lot of the story is about continuing to grow earnings and revenue faster than the overall market, attract loyal audiences, and evolve with changes in media rights, streaming, and digital fan engagement. Recent announcements, such as the multi-year partnership with Polymarket, reflect TKO’s push to unlock new monetization avenues and deepen fan involvement.

However, it’s unlikely this news will materially change the core short-term catalysts, which are still dominated by performance in key international deals, broadcast partnerships, and the rollout of new events. The biggest risks remain legal challenges, compression of media rights value, and questions about board experience. The new fan engagement efforts add differentiation, but don’t directly reduce these core risks for now. On the flip side, investors should pay close attention to ongoing legal proceedings against TKO and UFC.

TKO Group Holdings' shares have been on the rise but are still potentially undervalued by 15%.

Ten retail investors in the Simply Wall St Community produced fair value estimates for TKO ranging from US$63.92 to a very large US$37,618.47. While community views can be widely split, ongoing legal challenges remain a topic several market participants keep circling back to as a concern for TKO’s future performance. Explore these diverse perspectives and see how the risks and opportunities stack up.

Bonus:

TKO Group $200.29 -4.20 -2.05%

News Flashback

Magnificent 7, Markets, Stocks

New York/Wall Street

September 15, 2025

TKO Bullish Mad Monday Off WrestleMania 43 Saudi News: Media Man Edition!

Netflix Inc $1,202.26 +13.82 +1.16%

Alphabet Inc Class A $251.61 +10.81 +4.49%

NVIDIA Corp $177.75 -0.071 -0.040%

Amazon Dotcom Inc $231.43 +3.28 +1.44%

Apple Inc $236.70 +2.63 +1.12%

Meta Platforms $764.70 +9.11 +1.21%

Tesla $410.26 +14.32 +3.62%

Microsoft Corp $515.36 +5.46 1.07%

News

Lead Up

New York/Wall Street

September 12, 2025

TKO Bullish Friday Leading Into Weekend; TKO Bullish Heading To Mad Monday Off WrestleMania 43 Saudi News: Media Man Edition!

Netflix Inc $1,188.44 -15.06 -1.25%
Alphabet Inc Class A $240.80 +0.43 +0.18%
NVIDIA Corp $177.82 +0.65 +0.37%
Amazon Dotcom Inc $228.15 -1.80 -0.78%
Apple Inc $234.07 +4.04 +1.76%

Meta Platforms $755.59 +4.69 +0.62%

Tesla $395.94 +27.13 +7.36%

Bonus:

TKO Group $202.44 +0.060 0.030%

News Flashback

Historical Data and Intel

TKO Group: News

September 13, 2025

Jones Financial Companies Lllp Acquires 77,883 Shares of TKO Group Holdings, Inc. $TKO

Jones Financial Companies Lllp significantly increased its stake in TKO Group Holdings by 149,775%, now owning 77,935 shares valued at approximately $11.9 million.

Several institutional investors, including Vanguard and Invesco, have also raised their stakes in TKO Group, indicating a strong interest in the company, which is now 89.79% owned by institutional investors.

TKO Group recently declared an increased quarterly dividend of $0.76, up from $0.38, reflecting a strong return for investors despite a high dividend payout ratio of 125.62%.

Jones Financial Companies Lllp increased its position in shares of TKO Group Holdings, Inc. by 149,775.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,935 shares of the company's stock after acquiring an additional 77,883 shares during the period. Jones Financial Companies Lllp's holdings in TKO Group were worth $11,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hemington Wealth Management grew its stake in TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after buying an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in TKO Group during the first quarter worth $26,000. Sentry Investment Management LLC acquired a new position in TKO Group during the first quarter worth $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group in the first quarter worth $27,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

News Flashback

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 45,168 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the sale, the director owned 156,494 shares in the company, valued at $26,732,305.08. This represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission. Over the last 90 days, insiders sold 73,725 shares of company stock valued at $12,767,807. Corporate insiders own 61.30% of the company's stock.

Wall Street Analyst Weigh In

TKO has been the subject of a number of recent analyst reports. Baird R W raised TKO Group to a "strong-buy" rating in a research report on Friday, September 5th. Zacks Research upgraded TKO Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. Bank of America upped their target price on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Robert W. Baird began coverage on TKO Group in a report on Friday, September 5th. They set an "outperform" rating and a $225.00 target price for the company. Finally, Roth Capital raised their target price on TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $192.21.

TKO Group Stock Up 0.0%

Shares of NYSE:TKO traded up $0.09 during midday trading on Friday, hitting $202.33. 897,072 shares of the stock were exchanged, compared to its average volume of 683,611. TKO Group Holdings, Inc. has a 52-week low of $114.01 and a 52-week high of $204.10. The business's fifty day simple moving average is $178.94 and its two-hundred day simple moving average is $165.22. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $40.12 billion, a PE ratio of 83.61 and a beta of 0.79.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.76 dividend. This is an increase from TKO Group's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group's dividend payout ratio (DPR) is currently 62.81%.

TKO Group Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.

News Flashback

Mag 7 Markets Lead Up

Historical Data and Intel

Trades

New York/Wall Street

September 9, 2025

TKO Bullish Friday And Weekend Media Man Edition!

Netflix Inc $1,263.25 +18.49 +1.49%

Alphabet Inc Class A $239.63 +5.59 +2.39%

NVIDIA Corp $170.76 +2.45 +1.46%

Amazon Dotcom Inc $238.24 +2.40 +1.02%

Apple Inc $234.35 -3.53 -1.48%

Meta $765.70 +13.40 +1.78%

Tesla $346.97 +0.57 +0.16%

Microsoft Corp $498.41 +0.21 0.042%

Bonus:

TKO Group $196.43 -4.07 -2.03%

News Flashback

TKO Group Holdings, Inc. is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of mixed martial arts promotion Ultimate Fighting Championship —and the professional wrestling promotion World Wrestling Entertainment. TKO is led by CEO Ari Emanuel and president Mark Shapiro, both of Endeavor; Dana White and Nick Khan retained their roles as CEOs of UFC and WWE respectively upon the merger, while WWE co-founder Vince McMahon served as executive chairman until resigning from the company in January 2024 amid a sex trafficking scandal. The merger marked the first time that WWE has not been solely and primarily majority-controlled by the McMahon family, which founded the company and owned it for over 70 years. As of 2024, the UFC and WWE were the two most valuable combat sports organizations in the world according to Forbes. UFC was listed as the most valued mixed martial arts company with a revenue of $1.406 billion and WWE being the most valued professional wrestling promotion with a revenue of $1.398 billion in 2023. (Wikipedia)

TKO owns iconic properties including UFC, the world’s premier mixed martial arts organization; WWE, the global leader in sports entertainment; and PBR, the world’s premier bull riding organization. Together, these properties reach 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans.

TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality. (Credit: TKO Group)

News

Best Quotes Of The Day

"An investment in ones self is always the best bet" Greg Tingle, Media Man Group

 

 

 

 

 

Markets, Shares, Cryptos, Miners, Social Media and Culture

March 23, 2026

Mad Monday

Sydney, Australia to Wall Street. New York, and beyond the Blackstump and Internet Matrix Of Things!

Pop Culture themes

"Mercy, Mercy, Mercy" (Cannonball Adderley)
"Gold" (Spandau Ballet)
"The Wall Street Hustle" (10cc)
"Video Killed the Radio Star" (The Buggles)
"I Don't Like Mondays" (The Boomtown Rats)
"Monday, Monday" (The Mamas & the Papas)

Markets

ASX 200 futures down 156 points/1.8%: 8343

AUD -0.9% to US70.23¢
Bitcoin $67,584.42 -1.97%
Dow -1%
S&P -1.5%
Nasdaq -2%
VIX +2.72 to 26.78
Gold -3.4% to $US4492.43 an ounce
Silver 65.686 -2.065
Brent oil +3.9% to $US112.86 a barrel
Iron ore +1% to $US108.25 a tonne
10-year yield: US 4.38% Australia 5.02%

News

Numbers Double Check

Australian Dollar: $0.6999 USD (down $0.0084 USD) Iron Ore: $108.25 USD (up $0.80 USD)
Oil Price: $98.23 USD (up $3.45 USD)
Gold Price: $4,494.10 USD (down $159.14 USD)
Copper Price: $5.3020 USD (down $0.218 USD)
Dow Jones: 45,577.47 (down 443.96 points)

News

Streaming News Watercooler

Netflix CEO allegedly won’t speak to Meghan Markle on phone without lawyer

Meghan Markle is caught in a fresh Netflix storm with rumors claiming CEO Ted Sarandos is refusing to take her calls without a lawyer. Netflix denies everything but whispers of canceled deals and rising tension have fans questioning the truth!

News

MMA/UFC Watercooler

Dana White responds to Jon Jones' claims about $15 million offer

Dana White has doubled down on his stance about Jon Jonesnever being a part of the White House plan.

Jones is not fighting at the UFC White Housecard in June despite having tried for a spot ever since the event was first mentioned. Jones recently claimed that he was willing to fight Alex Pereirafor much less than he had demanded to fight Tom Aspinalllast year. However, the UFC was allegedly not willing to offer more than $15 million to Jones, who didn't think it was enough.

"Was ready, willing and physically able to step in," Jones wrote on X. "I was willing to take substantially less than the Aspinall ask but they wouldn't budge one dollar over $15m. I felt like our fight was worth more."

No Way in Hell

White responded to Jones' claims at the UFC Londonpost-fight press conference on Saturday. White maintains that Jones was never a part of the plan for the White House card.

"How many f--ing times I gotta say this?" White said. "He was never fighting on the White House card… There was no way in hell I was putting him on that card, no matter what the money was. Jon Joneswas never gonna fight in the White House card."

Jones (28-1) kept the heavyweight division hanging for over a year, while White kept promising fans that "Bones" would fight interim champion Aspinall. However, Jones retired in June 2025 without fighting Aspinall. Jones would return to the drug testing pool just weeks later, after plans for the White House card were mentioned. Jones kept rallying for a spot on the card, even pleading with White.

When Jones missed out, White claimed that he was never a part of the plan. However, the former UFC double champ lashed out on social media, hinting at lengthy negotiations with the promotion about fighting at the White House. Jones has since called for his release from the UFC.

News

Social Media

The Metaverse Is Dead

In a move that signals the end of a highly publicized digital era, Meta announced this week that its flagship social virtual reality platform, Horizon Worlds, is being completely removed from Quest headsets by June 15. The app will survive solely as a mobile experience, repositioning itself to compete with established gaming platforms like Roblox and Fortnite rather than fulfilling its original vision of an all-encompassing virtual universe.Virtual Worlds

The shutdown of the VR component of Horizon Worlds is the clearest signal yet that the much-hyped pivot to the metaverse has been quietly unwound by the tech giant.

When Mark Zuckerberg famously renamed Facebook to Meta in 2021, he described the metaverse as “the next frontier” for human interaction. Yet, despite being the center of that massive corporate bet, the platform never drew more than a few hundred thousand monthly active users—a staggering underperformance for a project that consumed billions.

To put the financial toll into perspective, Reality Labs, the division at Meta responsible for VR and metaverse development, has accumulated an astonishing $80 billion in losses since 2020. In the fourth quarter of last year alone, it posted an operating loss of over $6 billion.

The Heyman Hustle is taking the position that this strategic retreat is entirely driven by the explosive rise of Artificial Intelligence.

When ChatGPT arrived in late 2022 and fundamentally shifted the tech landscape, Meta quickly pivoted its public messaging. Leveraging its highly respected AI research division led by Yann LeCun, the company found a new, credible foundation. As a result of prioritizing AI over empty digital rooms, ad revenue improved, the stock aggressively recovered, and by 2024, Meta had nearly tripled in value from its 2022 lows.

While Meta executives claim they have not abandoned VR entirely—pointing to upcoming hardware and the massive success of their AI-powered Ray-Ban smart glasses—the closure of the flagship Horizon Worlds VR experience marks the end of a multi-billion dollar dream. (THH)

Full article and coverage via The Heyman Hustle

News

A.I News

Australia

Watchdog warns against 'dangerously' positive AI advice amid crypto trading spike

The Australian Securities and Investments Commission has expressed concern about the growing tendency for young Australians to use artificial intelligence platforms like ChatGPT for financial advice. Its figures show young people are following 'dangerously' positive AI recommendations about investing in risky investments such as crypto, with their faith in what has been referred to as 'unverified, risk-averse digital advice' occurring as many Australians are struggling with major cost of living pressures; ASIC's figures also show that 23 per cent of Gen Z now hold crypto assets – up from just 9 per cent in 2023. (RMS)

News

Resources

Drill, baby, drill: Boom for mineral, petroleum explorers

Advisory firm BDO has calculated that ASX-listed mineral and petroleum explorers raised a record $5.63 billion in the final quarter of last year. It broke the previous record for fund raising of $3.75 billion that was set in the same period in 2021, with the $5.63 billion in fund raising leaving mineral and petroleum explorers with record cash reserves of $12 billion. It comes as the Australian Bureau of Statistics reported that spending on mineral exploration hit a two-year high in the final quarter of 2025, while spending on petroleum exploration was at a decade high. (RMS)

News

A.I News

Global giants join Australia in fight to make AI companies pay for content

Both the US and the UK appear to be backing the stance of the federal government of wanting AI companies pay for their use of content that has been produced by artists, musicians and journalists. In a document released on Friday that was titled 'Respecting Intellectual Property Rights and Supporting Creators', the White House stated that US copyright laws - under which content theft for the training of AI models, or any other use, is illegal - will remain. For its part, the UK government stated last week that it no longer had a "preferred option" on copyright reform, which comes after it last year endorsed a proposal that would have allowed tech companies to use copyrighted work without permission unless rights holders 'opted out' of the process. Its change of stance follows a longrunning campaign – led by artists including Elton John and Thom Yorke from Radiohead – which warned that the unlicensed use of copyrighted material for training AI models was threatening the livelihoods of people working in the creative industries. (Roy Morgan Summary)

News

Bitcoin News Byte

Despite a 47% Price Drop, Bitcoin Traders Aren’t Selling:

A survey of U.S. Bitcoin holders and crypto subreddit posts found that despite anxiety and market turbulence, most investors (69%) held onto their Bitcoin, with only 8% panic selling.

Bitcoin faced a dramatic market correction in early 2026, plunging 46% from its $126,000 all-time high and briefly dipping below $61,000 on February 6.

The drop erased over $1 trillion in market value and prompted headlines warning of a defining crypto moment. Social media feeds filled with reactions, yet most holders remained on the sidelines.

A survey by Oobit of 1,006 American Bitcoin holders and sentiment analysis of 117,630 posts across 10 major crypto subreddits reveals that fear did not translate into widespread selling.

News

Media (Australia)

Kyle and Jackie 'O' win some, lose some

The first official radio ratings survey for 2026 shows that KIIS FM's Kyle & Jackie O show had an audience share of 12.7 in the Sydney breakfast slot, unchanged from the last survey for 2025. However, 2GB's talkback program hosted by Ben Fordham won the Sydney breakfast slot, with its audience share rising from 14.9 per cent to 16.6 per cent. Meawhile, 3AW won the Melbourne breakfast timeslot, although the audience share of Ross Stevenson and Russel Howcroft dipped to 18.9 per cent; the Kyle and Jackie O Show was ranked eighth in the Melbourne breakfast, with its audience share edging up to 5.1 per cent. The long-running show hosted by Kyle Sandilands and Jackie Henderson has been axed by KIIS FM owner ARN Media. (RMS)

News

Social Media (Australia)

Firms face fines as kids beat the ban

The eSafety commission has declined to release updated figures on how many social media accounts of children under the age of 16 have been closed since the federal government implemented its world-leading ban. It had claimed in January that 4.7 million accounts had been closed since early December, but those figures were called into question, with it being claimed that they had been heavily inflated. The commission says it will provide updated figures on the ban at the end of March and that tech companies found guilty of non-compliance with it will soon face fines, while many children are claiming that beating the ban is easy. (Roy Morgan Summary)

News

Mining/Energy/Resources: Australia and World)

McEwan braces for exits as Craig takes BHP helm

Nearly 43 per cent of BHP's staff are female, and there were some who expected that Mike Henry would be replaced as CEO by an internal female candidate. Minerals Australia president Geraldine Slattery and chief development officer Catherine Raw were viewed as two such candidates, but BHP gave the job to mining engineer Brandon Craig. Asked if his appointment could mean the loss of skilled female executives who were overlooked for the job of CEO, BHP chairman Ross McEwan said he would not be surprised if unsuccessful candidates chose to leave the company. (RMS)

News

New coal mines at greenfield sites to be banned in NSW

NSW Minerals Council CEO Stephen Galilee has described a decision by the state government to ban new coal mines on greenfield sites as "disappointing". The government announced the ban on Thursday as part of a new strategy aimed at managing the NSW coal sector until 2050, while it also announced new rules requiring major coal mines in NSW to reduce methane emissions caused by their operations; NSW coal mines produce around 30 per cent of the state's methane emissions and contribute around 11 per cent of total greenhouse gas emissions. (RMS)

News

Qatar strike deepens LNG supply crisis

It had been forecast as recently as January that the global liquefied natural gas market could be facing a glut, which would have seen prices tumble and new products delayed. However, the Iranian conflict has changed those predictions, with LNG prices having almost doubled since the initial strikes on Iran on 28 February. Iran's attack on Qatar LNG's Ras Laffan facilities could see a further rise in prices and impact significantly on supply, with Ras Laffan being the world's largest LNG export plant; MST Marquee energy analyst Saul Kavonic says the attack "could cause a lasting global gas shortage". (RMS)

News

Cryptos

Crypto: the bulls may have their horns broken

Market Overview

The crypto market cap has fallen to $2.42 trillion, under pressure from sellers alongside risk assets, as the Fed pushes the next rate cut further into the future, boosting the dollar’s appeal. The decline also coincided with the upper boundary of the corrective rebound being touched. It is possible that cryptocurrencies were simply unable to ignore the significant deterioration in external sentiment, but they may soon return to outperforming other assets. Overall, however, we maintain a more pessimistic view, anticipating the bear market will continue, with bulls likely to be beaten soon, not least due to macro factors.

Bitcoin has fallen by 8.4% from its latest peak on Tuesday morning and briefly dipped below 70 at the start of the day on Thursday. At these levels, BTC is testing the 50-day moving average from above. As we have repeatedly warned previously, the upward momentum will face significant resistance at the boundary of a typical correction from the latest downward impulse. The leading cryptocurrency has more room to move within the $65K–$75K range.

Breaking out of this range may require more momentum to determine the market’s direction for the coming days or weeks.

News Background

Investment bank Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum amid delays in the adoption of US cryptocurrency legislation. The forecast for Bitcoin has been lowered from $143,000 to $112,000, and for Ethereum from $4,304 to $3,175. In a negative scenario, BTC risks falling to $58,000 and ETH to $1,198.

Bitcoin still has two-thirds of its bear cycle ahead, said Willy Wu, co-founder of the Bitcoin Vector project, urging investors to remain cautious. In his view, it is premature to expect sustained growth without an improvement in market liquidity.

Ethereum developers are testing the Fast Confirmation Rule (FCR), which will speed up transfers between the mainnet and the second layer from 13 minutes to 13 seconds. (FxPro).

Media Peg-On (as seen burning up the LinkedIn and X newsfeeds with web traffic spikes)

Media Man Peg-On: Having your horns broken is one step better than having your you know what broken. Ball breaking headlines that hit you right between the Eye Ball! BTC for the true believers, for better or worse. A labor of love and for those who keep the dream alive. Remember our saying, "Bullish is a mindset", right Mr Michael Saylor of Strategy. MC is always good fodder for the crypto and tech media fodder and website traffic generation. MC, the media darling you love to hate! So, when's the running of the bulls then? Red flag to a bull!

News

Betting on Americas and keeping BHP whole

BHP has ended long-running speculation about succession planning after announcing that Brandon Craig will succeed CEO Mike Henry. The BHP veteran has ruled out demerging assets such as the resources group's copper mines during his tenure, which will start on 1 July. Craig says he believes that a diversified model is still superior, especially in the mining sector. He argues that BHP's ability to use its flagship iron ore division to fund projects such as copper and potash mines differentiates it from rivals. Craig says BHP may be open to mergers and acquisitions, although he says any such opportunities would need to be compelling to compete with its internal growth options. He has also indicated that BHP's focus will shift to the Americas, where many of its growth projects are located. (RMS)

News

A most powerful, anonymous miner

South African-born Brandon Craig has quietly risen through BHP's ranks since joining the resources group in 1999; he also has a much lower profile than top industry leaders and the other internal candidates who had been tipped to replace outgoing CEO Mike Henry. Meanwhile, Craig has used his first press conference as BHP's incoming CEO to confirm that BHP will shift its focus to the Americas under his leadership; he was previously BHP's president of the Americas, a role that included copper mines in South America and potash mining in Canada. (RMS)

News

Woodside taps insider amid energy turmoil

Woodside Energy's chairman Richard Goyder has praised new CEO Liz Westcott, stating that she was the "outstanding candidate" to succeed Meg O'Neill. Westcott has been the acting CEO since O'Neill resigned in late 2025 to take the helm at BP. Westcott joined Woodside in 2023, and has previously worked at ExxonMobil and EnergyAustralia. Westcott says she will hold meetings with Woodside's partners, investors, shareholders, employees and government officials across its global operations over the next several months. (RMS)

News

Shares

Alphabet Inc Class A
$301.00 -6.13 -2.00%

Lead Up Price
$307.13 -0.56 -0.18%

TKO Group Holdings Inc
$188.38 -8.94.53%

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Netflix Inc
$91.82 +0.080 +0.087%

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Caterpillar Inc
$680.88 -7.77 -1.13%

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Tesla Inc
$367.96 -12.34 -3.24%

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Wynn Resorts Ltd
$99.98 -3.18 -3.08%

News

X Newsfeed

Trump Declares Victory Over Iran, Targets Democrats as New Enemy

The conflict, now in its third week, began with U.S. and Israeli strikes on Iranian nuclear sites like Natanz and targets in Tehran, including residential areas. Iran hit back with ballistic missiles breaching Israel's Iron Dome, injuring at least 175 in Arad and Dimona near a nuclear facility, while Israel bombed east Tehran blocks. Netanyahu urged world leaders to join the fight after Iran's missile toward Diego Garcia, though U.K. and NATO officials questioned the claims; Trump demands Iran reopen the Strait of Hormuz in 48 hours or face more strikes, as oil prices soar over 50%. Skeptics like former official Joe Kent note U.S. intelligence saw no imminent Iranian nuclear bomb, and Pope Leo XIV decried the civilian toll.

Media Man Peg-On: The Art Of War Continues! All's fair in love and war, and politics?!

News

Trump Endorses Donalds at Mar-a-Lago Amid Iran Tensions and GOP Rift

President Trump arrived at his Palm Beach estate on Friday with Secretary of State Marco Rubio, hosting supporters at what appeared to be a fundraiser where he backed Donalds, the frontrunner to succeed Gov. Ron DeSantis. The event unfolded against U.S. and Israeli airstrikes on Iran's Kharg Island oil hub and Iran's Strait of Hormuz restrictions, which Trump sidestepped with a quip about his plans. GOP tensions flared when candidate James Fishback claimed he was barred for criticizing Israel and the Iran conflict, prompting Candace Owens to joke about better vibes at Taco Bell, while highlighting divides between hawkish and isolationist Republicans.

News

WWE

Rhea Ripley Shuts Down Physique Trolls Ahead of WrestleMania Title Match

The WWE star fired back at online critics mocking her body, daring them to post their own photos while reminding them they know nothing about her life or mental health. Her post drew massive support from fans and wrestlers like Bully Ray, who called her 'OVAH,' though some questioned why she engages trolls at all. This comes as Ripley, fresh off winning the 2026 Women's Elimination Chamber, gears up to challenge champion Jade Cargill at WrestleMania 42 amid a heated feud with body jabs and a recent three-on-one ambush by Cargill's allies. Marking five years since her main roster debut, Ripley stays focused on the gold.

Wrestling/WWE/Pop Culture

Jade Cargill Calls Out Rhea Ripley in Heated SmackDown Face-Off

On Friday's SmackDown, WWE Women's Champion Jade Cargill challenged Rhea Ripley directly, boasting she doesn't need the title or fans to be 'that b*tch.' Ripley, fresh from her Elimination Chamber win for a title shot, stood ready to strike back amid a roaring crowd. The intense promo ramps up their WrestleMania 42 rivalry, with fans praising Cargill's star power while craving the first brawl. Both bring unmatched athleticism and attitude to the collision course. Media Man Peg-On: Ripley our Uncrowned Women's Champion, belt or not! She's Got IT! NXT's Zaria shares some of the same attributes, as does Z's rival, Sol Ruca.

News Lead Up

March 19

Dread for Australian investors as $51 billion wipe out ravages the ASX after tit-for-tat strikes on energy assets send oil prices soaring

Australians are despairingly watching the stock market tumble once again after massive strikes on energy infrastructure in the Middle East sent oil prices surging. (Sky News Australia)

News

Gold News

Gold is back in focus as markets react to geopolitics

The market is fixated on the threat of accelerating inflation driven by high energy prices. As a result, central banks are expected to adopt a tighter monetary policy, keeping rates at high levels or even raising them. This has a positive impact on fiat currencies and strips gold of its key feature as a store of value amid currency debasement. It is no surprise that the precious metal, which had got off to a strong start, has been losing out to Bitcoin and the US dollar since the start of the armed conflict in the Middle East. Although gold is generally regarded as a safe-haven asset, in the early stages of financial market turmoil, investors often choose to flee to liquidity. They favour fiat currencies and are far more willing to buy US dollar-nominated short-term treasuries.

Gold prices usually recover only if market shocks worsen, fears of recession or stagflation rise, and central banks start adding liquidity. Bank of America believes that the markets are still underestimating the scale of the potential consequences of geopolitical tension. They are fixated on the threat of accelerating inflation and are not considering a global economic downturn. Therefore, the longer the conflict between the US, Israel and Iran lasts, the better it is for the precious metal.

UBS Global Wealth Management notes that gold serves as a hedge against currency devaluation, rising budget deficits and recession. All of these could result from a geopolitical shock. The firm therefore maintains its bullish outlook on gold. In its view, the precious metal could rise to the $5,900-$6,200 range before the end of this year. However, gold must first weather the storm of numerous central bank meetings. The RBA has already raised its cash rate to 4.15%. Investors now expect ‘hawkish’ rhetoric from the rest. The ECB and the Bank of Japan are ready to tackle inflation, and the futures market expects them to tighten monetary policy. The Fed and the Bank of England are most likely to talk about prolonged pauses in their cycles.

Thus, gold appears to be a win-win option. It will gain if the conflict in the Middle East drags on, and will not lose if it ends. Investors just need to be patient for a little while. (FxPro)

News

Roy Morgan wins Media Man 'Media Series Company Of The Month' award

The Australian Financial Review wins Media Man 'Newspaper Of The Month' award; Runner-up: The Australian

Google wins Media Man 'Search Engine Of The Month' award

Netflix wins Media Man 'Streaming Service Of The Month' award

WWE wins Media Man 'Wrestling Promotion Of The Month' award

UFC wins 'Combat Sports Brand Of The Month' award; Runner-ups: Most Valuable Promotions, Everlast, BKFC

Mack Trucks wins Media Man 'Truck Brand Of The Month' award

CAT wins Media Man 'Heavy Industry Brand Of The Month' award

Dynasty: The Murdochs wins 'Streaming Show Of The Month' award (Netflix)

Media Man Int

 

 

 

Markets, Cryptos And Culture

March 17, 2026

Sydney, Australia to Wall Street, New York

Pop Culture Themes:

"Mercy, Mercy, Mercy" - Cannonball Adderley
"Gold" (Spandau Ballet)
"Ruby Tuesday" (The Rolling Stones)
"I Don't Like Mondays" (The Boomtown Rats)
"Monday, Monday" (The Mamas & the Papas)
"The Wall Street Hustle" (10cc)

Markets

ASX 200 futures up 66 points or 0.8%: 8646
AUD +1.3% to US70.71¢
BTC $74,325.72 +3.10%
Dow +0.8%
S&P +1%
NAS +1.2%
VIX -3.62 to 23.57
Gold -0.1% to $US5016.30 an oz
Silver 80.047 -0.488
Oil -3.1% to $US99.96 a barrel
Iron ore -0.01% to $US107.70 a ton

News

Numbers Double Check

Australian Dollar: $0.7072 USD (up $0.0084 USD)
Iron Ore: $107.70 USD (down $0.25 USD)
Oil: $93.13 USD (down $5.58 USD)
Gold: $5,009.61 USD (down $10.39 USD)
Copper: $5.8390 USD (up $0.1640 USD)
Dow: 46,946.41 (up 387.94 points)

News

ASX hits three-month low; gold stocks drop

The Australian sharemarket lost ground on Monday, with the S&P/ASX 200 shedding 0.4 per cent to close at 8,583.4 points. Emanuel Datt from Datt Capital expects the outlook for equities to remain subdued until there is more certainty regarding the Iran war. Fortescue was down 3.9 per cent at $19.69, Regis Resources fell 8.3 per cent to $7.04 and IperionX ended the session 22.2 per cent lower at $4.09. However, Lynas Rare Earths was up 1.4 per cent at 20.99 and Reliance Worldwide rose 6.9 per cent to $3.12. (RMS)

News

Bitcoin: See No Evil

Market Overview

The crypto market cap is on an upward trend, having surpassed the $2.5 trillion mark, the region of previous local highs and the 50-day moving average.

Consequently, the technical picture is becoming more favourable for the bulls, who are steadily reclaiming one high after another. This gradual growth appears to be a further sign of the recovery’s robustness. At current levels, the crypto market cap is approaching the 61.8% retracement of the latest downtrend, and all eyes are on whether the recovery momentum will fade. The consolidation may simply become broader but lack the strength to turn into an uptrend.

The sentiment index stands at 23, on the verge of exiting the extreme fear zone and at its highest level since 29 January. This could be a new trap, just as it was in the second half of January, when the index’s recovery was followed by a fresh wave of selling and new lows.

Bitcoin is looking on the bright side, approaching the $74K level and already hitting seven-week highs. The leading cryptocurrency closed Sunday above the 50-day moving average and began Monday with a further upward move. This could well prove to be a prelude to a rise towards $85K – the region of recent significant lows. However, it is quite possible that near the $75K mark, the bears will take control, leaving BTC within a corrective rebound pattern following a decline. From a cross-market analysis perspective, the bears have more arguments on their side, but Bitcoin has often moved ahead of the market, reflecting its underlying shifts in sentiment.

News Background

Bitcoin has passed the ‘stress test’ of geopolitical tensions in the Middle East. However, on-chain metrics indicate a lack of strength among the bulls for a medium-term breakout, according to Glassnode.
Ethereum risks continuing its decline due to the ‘adoption paradox’ — the widening gap between network activity and the asset’s price dynamics, CryptoQuant notes. An exit from the bearish phase should be facilitated by capital inflows into the ecosystem and a reduction in cryptocurrency inflows to exchanges.

BlackRock has launched an Ethereum ETF with staking. At launch, assets under management reached $100 million. Around 82% of the staking rewards received will be paid out to investors on a monthly basis — like dividend-paying ETFs.

According to Mizuho Bank, Circle’s USDC stablecoin has overtaken Tether’s USDT in terms of adjusted transaction volume since the start of 2026. The total stablecoin market has recovered to $311 billion amid an influx of retail capital.

Stablecoins could form the basis of a global payment system within the next 10–15 years, billionaire Stanley Druckenmiller has stated. According to him, such assets offer clear advantages over traditional banking infrastructure. (FxPro)

News Lead Up

24 Hours Ago

Bitcoin Tops $73,000 Amid U.S.-Iran Conflict Rally

The cryptocurrency reached an intraday high near $73,100 on March 15 before easing to around $71,800 by early March 16 UTC, marking an 8% weekly gain that lifted its market cap above $1.4 trillion. Since conflict began on February 28, Bitcoin rose about 7.75% while the S&P 500 dropped 3.85%, Nasdaq fell 3%, gold declined around 5.5%, and silver plunged over 13%. Bulls celebrate the breakout above $70,000 resistance and seven green daily candles as signs of strength heading toward $74,000-$78,000, but bears warn of downside risks below $70,000 and potential drops to $40,000-$60,000 levels seen in past bear markets. (Grok): Media Man Peg-On: X and Grok right on the money as per usual!

News

Gold

Gold is finding it increasingly difficult to stick to uptrend Over the past week, gold traded within a range of just over 3%, which could be described as a lull given the current geopolitical climate. Perhaps even more puzzling is the increase in sales as prices rose, which, at first glance, does not fit the narrative of gold serving as a safe haven for capital during periods of instability.

Gold’s muted reaction to the armed conflict in the Middle East is due to the rise in the dollar and Treasury bond yields. Pressure on the precious metal comes alongside diminishing prospects of a Fed rate cut and growing expectations of policy tightening by other major central banks in response to the oil shock. (FxPro). Media Man: Summary only. More to come.

News

US wants investors, just don't mention tariffs

US Trade Representative Jamieson Greer has told a gathering of Australian superannuation fund executives in Washington that the Trump administration welcomes foreign investment, but that it does not want to hear criticism of US President Donald Trumps' tariff regime. Australian super funds already invest about $US500 billion in the US, a figure that lobby group Super Members Council estimates will increase to $US1.5 trillion by 2035, and around 16 per cent of all Australian retirement savings are invested in the US. (RMS)

News

Elon Musk Unveils Digital Optimus AI to Control Computers in Real Time

Digital Optimus pairs xAI's Grok for smart reasoning with Tesla's vision AI, processing the last five seconds of screen video to execute actions instantly on affordable $650 AI4 hardware. Musk plans to run it in all AI4-equipped Teslas, turning parked cars into 'mobile compute nodes' for owners' office tasks, and deploy millions of units at Supercharger stations with 7 gigawatts of grid power. This Tesla-xAI collaboration, backed by a $2 billion investment, could reshape compute economics by blending vision tech from self-driving and robots with advanced language models.

News

Gaming/Wrestling/Pop Culture

WWE 2K26 Launches with Strong Reviews and Battle Pass Backlash

WWE 2K26 hit stores worldwide today on PS5, Xbox Series X/S, PC, and Nintendo Switch 2, building on WWE 2K25 with refined gameplay like a winded stamina system, better collision physics, and new match types such as I Quit and Inferno. Reviews praise the fun in-ring action and detailed character models, earning Metacritic scores around 80, while CM Punk's Showcase mode lets players relive his career with dream match tech. Controversy centers on the Ringside Pass battle pass, which replaces DLC with free and premium tracks requiring RXP grinds for wrestlers and attires—fans call it predatory, especially with launch server issues in MyFaction.

News

Wrestling

SmackDown Preview: Rhodes-Orton Contract Signing Lights Up Phoenix

Tonight's WWE SmackDown at Phoenix's Footprint Center features the official contract signing between Undisputed Champion Cody Rhodes and challenger Randy Orton, the 14-time champ who earned his shot at Elimination Chamber. The card packs in Miz TV with country star Jelly Roll, Danhausen crashing the party, Jade Cargill vs. Michin, a Women's Tag Team title defense by Nia Jax and Lash Legend against Charlotte Flair and Alexa Bliss, plus Bloodline's Solo Sikoa and Tama Tonga facing Uncle Howdy and Erick Rowan. It's the final big push before WrestleMania 42 kicks off April 18 in Las Vegas.

News

A.I News

Losses growing, staff cut: Atlassian's billionaire boss faces his AI test

Atlassian's CEO Mike Cannon-Brookes has used a video message to inform its employees about the decision to retrench 10 per cent of its global workforce. He said that artificial intelligence technology has changed the skills and number of people that Atlassian needs in some areas, and the company will prioritise retaining employees who have AI-relevant skills. Atlassian will shed some 1,600 jobs globally, including about 480 in Australia; the restructuring will cost up to $US236m ($331m). Employees who will be affected by the downsizing were informed via email shortly after watching the video message. Atlassian posted a net loss of $US42.6m in its most recent quarterly financial results. (RMS)

News

Media/Advertising (Australia)

Advertising expectations and experience: Australians have their say

New national research conducted by Roy Morgan for Australia's advertising regulator Ad Standards reveals a gap between what Australians expect from advertising and what they currently experience - particularly online. The community sentiment tracking study found that 88% of Australians believe that advertising should reflect community standards and values, yet only 37% say the advertising they encounter meets those expectations. The research highlights the high expectations Australians have of advertising and the importance of aligning with community standards to maintain trust. When it comes to platforms, social media attracts the highest levels of concern (62%). The expectations gap presents a clear commercial risk for brands, with 67% of Australians saying they avoid brands that use inappropriate or offensive advertising; this increases to 83% among Australians aged 65+. (RMS)

News Feature

Pop Culture/Netflix

Dynasty: The Murdochs (2026)

Follows the Murdoch family's behind-the-scenes succession battle as Rupert's adult children compete for control of his media empire, based on thousands of documents, emails and text messages.

A high-profile Netflix docuseries scheduled to premiere on 13 March 2026. Directed by Liz Garbus, the four-part series explores the real-life "Succession" drama within the Murdoch family as Rupert Murdoch’s children battle for control of his global media empire.

Key Real-World Developments (as of March 2026)

The documentary arrives following a definitive shift in the Murdoch family power structure:

Lachlan Murdoch's Succession: In September 2025, a long-running legal battle over the Murdoch Family Trust concluded with Lachlan Murdoch cementing total control.

The Settlement: His siblings—Prudence, Elisabeth, and James—agreed to a $3.3 billion settlement (approx. $1.1 billion each) to cash out of the trust. Under a long-term "standstill agreement," they now have no further share or involvement in the family's core companies, Fox Corporation and News Corp.

Rupert Murdoch's Status: Now 94, Rupert remains Chairman Emeritus of both News Corp and Fox Corp, while Lachlan serves as the sole Chair of News Corp and Executive Chair/CEO of Fox Corp.

Netflix Docuseries Overview

The series is a deep dive into how the empire was built and the subsequent internal fracturing:

Focus: It uses thousands of pages of leaked documents, emails, and text messages to expose the private machinations between the siblings.

Themes: It explores the intersection of family and business, questioning whether a dynasty can remain a family when power and politics are involved.

Featured Experts: Includes interviews with prominent media figures like David Folkenflik, Kara Swisher, and Paddy Manning (Lachlan Murdoch's biographer).

Media

Oher documentaries or series about the family, the following are available:

The Rise of the Murdoch Dynasty (2020): A three-part BBC/72 Films documentary charting Rupert's influence on British society and the closure of News of the World.

Succession (HBO): While fictional, this acclaimed drama series was widely inspired by the Murdoch family's real-world dynamics.

News Lead Up

Miners, banks lift ASX as rate rise looms

The Australian sharemarket posted a solid gain on Wednesday, with the S&P/ASX 200 rising 0.6 per cent to close at 8,743.5 points. Bank stocks rallied amid growing expectations that the Reserve Bank will increase official interest rates next week, with the ANZ Bank rising 1.8 per cent to $37.98. The resources sector also rose, with Fortscue advancing 3.7 per cent to $19.98 and Ora Banda Mining up 21.5 per cent at $1.41. However, WiseTech Global was down 3.6 per cent at $49.24 and GQG partners fell 5.5 per cent to end the session at $1.80. (RMS)

News

U.S News/Politics/World

The dollar acts in tandem with oil

The impact of oil on currency rates has risen sharply.

The ECB promises to prevent a repeat of the 2022 inflation shock.

Donald Trump has a formidable competitor. A tweet by US Energy Secretary Chris Wright about the US military escorting oil tankers through the Strait of Hormuz caused a real stir in the markets, as did its subsequent deletion. Previously, only the White House could claim such influence over investors. However, when nerves are stretched tight, even a minor piece of information can shake the markets.

Investors continue to ponder when all this will end. Donald Trump's comments about the imminent conclusion of the conflict in the Middle East suggest a 12-day war scenario, similar to the summer of 2025. Nonetheless, the IEA's plan to sell oil from strategic reserves, by contrast, echoes the events of 2022. According to Christine Lagarde, the eurozone is better prepared for an energy crisis than it was back then. The ECB will prevent the war between the US, Israel, and Iran from causing the same inflationary pain to the currency bloc. In 2022, the European Central Bank raised rates by 450 basis points in response to soaring energy prices, which pushed inflation from 5.9% to 10.6%. Deposit rates are now higher, but inflation remains lower.

Markets are starting to price in two ECB rate hikes in 2026. The anticipated scale of the Fed's monetary policy easing has decreased from 65 to 36 basis points due to the conflict in the Middle East. In theory, the narrowing of the rate differential should cause a rally in EUR/USD. However, investors doubt the eurozone economy can withstand the rising borrowing costs and energy prices.

At the initial stage of the confrontation, the US dollar gained favour due to financial market fears, its status as a safe-haven asset, and the United States' position as a net energy exporter. However, as the conflict in the Middle East drags on, the US economy will suffer from rising oil and petrol prices. Consequently, investor interest might shift towards the Canadian dollar and the Norwegian krone. (FxPro)

News

Biz/Brands (Australia)

Bunnings is Australia's most trusted brand; Telecommunications, led by Optus, is the most distrusted industry

Bunnings is the most trusted brand in the 12 months to December 2025, a ninth consecutive quarterly victory for the leading hardware retailer. Discount supermarket Aldi is in second place, and discount department store Kmart is third; the top three places have remained unchanged for an eighth straight quarter. Meanwhile, Woolworths remains Australia's most distrusted brand, while Optus deteriorated two places to be the second most distrusted brand in the 12 months to December; in fact, Optus was the single most distrusted brand in Australia during the month of December, following its fatal triple-zero outage in September. Roy Morgan's latest data on trust and distrust reveals a remarkable relationship between highly regulated industries and trust. The financial services sector provides clear evidence that greater regulation and stricter rules have helped shape public perception for the better. On the flipside, sectors like Telecommunications and Supermarkets have relatively low regulation and suffer deep distrust; they currently face severe regulatory headwinds as the public demands better accountability and a fair go. (RMS)

News

Mining (Aust)

Feb 27

Haoma Mining Shareholder Update: Ravenswood Gold Joint Venture - drilling confirms shallow high-grade gold at Podoskys

Haoma Mining NL Announcements

(Roy Morgan)

Haoma's Directors are pleased to advise shareholders of additional shallow high-grade gold results from a further 16 holes (holes PYRC 12 to PYRC27) drilled at Haoma's Podoskys deposit on ML10315 located at Ravenswood in North Queensland.

News

Combat Sports

Rezar Delivers Brutal BKFC Debut Knockout After WWE Days

The Albanian powerhouse, known from WWE's Authors of Pain and NXT Tag Team titles, debuted in BKFC's heavyweight division Saturday at Utilita Arena, stopping Daniel Curtin after surviving a first-round scare that drew blood. Selmani dropped his opponent four times in Round 2 for the finish, then grabbed the mic for a profanity-filled rant calling himself the 'Albanian Psycho' and vowing to knock out foes worldwide. Fans loved his raw edge, joking WWE had kept it hidden, while his performance stole the show from the main event UK Heavyweight title fight.

News

WWE

Roman Reigns Returns on 3:16 Day Raw in San Antonio

Monday Night Raw hits San Antonio's Frost Bank Center tomorrow at 8 p.m. ET on Netflix, packed with AJ Lee defending her new Women's Intercontinental Championship against Bayley, who eyes Grand Slam glory after a gauntlet win. Brock Lesnar continues his open challenge, Roman Reigns returns with eyes possibly on CM Punk, and matches like Natalya vs. Maxxine Dupri add grudge heat. Adam Pearce promises four bouts plus appearances by Punk and The Judgment Day, all fueling the Road to WrestleMania 42.

News

WWE

Danhausen Curses Miz and Draws Huge WWE SmackDown Pops

On March 13's WWE SmackDown, indie favorite Danhausen made waves by handing out tees ringside, cursing Miz as 'Mizhausen,' and prompting Jey Uso's knockout superkick that had crowds chanting 'curse!' He debuted at Elimination Chamber on February 28 with a 3-0 curse streak and added laughs with a 'TWINHAUSEN' backstage bit yelling 'BOO! CLONES!' at Nikki and Brie Bella. WWE filed trademarks for 'Girlhausen,' 'Ghoulhausen,' 'Kidhausen,' and 'Kid-Hausen' on merch and events, signaling family-themed plans amid his rising popularity.

News

Wrestling

Dolph Ziggler Reveals WWE Paid Him Big to Block AEW Move

On the 'Off the Ropes' podcast, Nemeth explained how WWE offered him top money after he tested the market amid AEW's launch and a talent war. The four-year deal followed a surprise SummerSlam match with Goldberg, despite his concerns. Released in 2023, he joined TNA, won their world title in 2024, and re-signed this year. Fans noted how AEW's competition raised WWE salaries by 33-50% on average.

Combat Sports

WWE Blocks Logan Paul's $1M NFL Boxing Challenge

Paul hyped the fights on his podcast after mocking NFL players' boxing skills, with terms like no headgear and fight until quit. A WWE rep named Chris intervened on March 8, barring the bouts to protect Paul as a key talent now on Netflix's Raw. Bell accused Paul of faking the call and being scared, flooding posts with duck emojis, while Paul fired back calling them 'bums' and congratulating their brief fame. Critics like ex-NFLer Emmanuel Acho labeled it cowardly, but WWE confirmed the decision to safeguard their star.

News

Pop Culture/Sports

Tyson Fury Returns Against Undefeated Makhmudov on April 11

The Gypsy King steps back into the ring on April 11 following back-to-back losses to Oleksandr Usyk, taking on the 34-year-old Canadian-based Russian with a perfect 17-0 record and 16 knockouts. Tickets start at £44, with a strong undercard including Conor Benn vs. Regis Prograis, Jeamie TKV vs. Richard Riakporhe, and Frazer Clarke vs. Justis Huni. Spencer Brown of Gold Star Promotions leads as promoter, while Frank Warren's Queensberry stays allied; Fury's already firing trash talk, calling old foe Deontay Wilder 'completely shot to bits.' A win could line up a summer clash with Joshua or a Usyk rematch.

News

Pop Culture/Wrestling/Streaming

NXT Stand & Deliver Streams Free on YouTube as Peacock Era Ends

Shawn Michaels announced Thursday that NXT Stand & Deliver takes place April 4 at The Factory in St. Louis, with doors at 4 p.m. CT and main card at 7 p.m. ET. Vengeance Day on March 7 was the last NXT premium live event on Peacock, as its deal expires; international fans previously used Netflix but now join on YouTube. The standalone show in the intimate 2,300-3,000 capacity venue spotlights NXT weeks before WrestleMania 42, with tag team title tournaments already building buzz. Robert Stone offered to help Michaels with YouTube, and fans expressed excitement over the free global access.

News

Media/Streaming/Sports

Netflix rules out bid for NRL rights

A spokesman for Netflix says the streaming company is not interested in bidding for the upcoming NRL broadcast rights, as Australian Rugby League Commission chairman Peter V'landys seeks a $4 billion deal over five years. The spokesman's remarks back up previous comments by Netflix executive Brandon Riegg that it is interested in marquee sporting events rather than entire seasons, while a $4 billion deal over five years would be larger than the AFL's six-year $4.5 billion deal. V'landys and NRL CEO Andrew Abdo believe they can secure a deal of that size because of the introduction of two new teams; the PNG Chiefs and the Perth Bears and the popularity of its annual Las Vegas season launch. (Roy Morgan Summary)

News

Digital Business (Australia)

Subscriptions in firing line to ease living costs

The federal government has proposed legislation that would make it easier for households to cancel subscriptions that they no longer require. The former Coalition government introduced similar reforms in 2018 aimed at making it easier to cancel credit cards via the internet. Research undertaken by the Consumer Policy Research Centre shows that about 75 per cent of Australians have had a negative experience when trying to cancel a subscription. It is estimated that households collectively have around $46m worth of subscriptions that they no longer use. (RMS)

News

The Australian Financial Review wins Media Man 'Newspaper Of The Month'; Runner-up: The Australian

Roy Morgan wins Media Man 'Media Services Company Of The Month' award

Netflix wins Media Man 'Streaming Service Of The Month' award

FxPro wins Media Man 'Financial News Services Provider Of The Month' award

Mack Trucks wins Media Man 'Truck Of The Month' award

CAT wins Media Man 'Heavy Industry Brand Of The Month' award

News

Best Quotes

"Bullish is a mindset", Greg Tingle, Media Man Group

"We can buy more Bitcoin than they can sell" Michael Saylor (via X)

Media Man Int

 

 

Markets, Cryptos and Culture

February 20, 2026

Mining For Intel
Crypto Fool's Gold Shines Up A Little

Sydney, Australia to Wall Street, New York

Markets

ASX 200 futures down 44 points/0.5%: 9003
AUD +0.2% to US70.59¢

Bitcoin $66,744.93 +0.48%

Wall St:
Dow -0.5%
S&P -0.3%
Nasdaq -0.3%
VIX +0.61 to 20.23
Gold +0.5% to $US5000.44 an ounce
Silver 76.738 -0.86
Brent oil +2.2% to $US71.89 a barrel
Iron ore -0.4% to $US95.35 a tonne

10-year yield:
US 4.07%
Australia 4.78%

News

Numbers Double Check

Australian Dollar: $0.7048 USD (up $0.0008 USD) Iron Ore: $95.35 USD (down $0.60 USD) Oil Price: $66.60 USD (up $1.35 USD) Gold Price: $4,990.28 USD (up $11.22 USD) Copper Price: $5.7530 USD (down $0.0110 USD) Dow Jones: 49,319.56 (down 343.10 points)

News

ASX rallies as banks, oil stocks gain; Zip sinks 34pc

The Australian sharemarket performed strongly on Thursday, with the S&P/ASX 200 Index closing up 79.20 points at 9086.20. The big four banks all rose, while the rising oil price on the back of fears of a US-Iran conflict saw energy stocks in demand, with Santos up 5.6 per cent to $7, and Woodside Energy increasing 4.5 per cent to $27.10. Payments company Zip slumped after its results for the half year fell short of expectations, while Lifestyle Communities fell 7.1 per cent to $5.33 after its profit dropped to $15.8 million for the first half. (Roy Morgan Summary)

News

Shares Summary/Snapshot (near live)
*check Google Finance or Yahoo! Finance for totally live (as close to) for the latest ticker prices)

TKO Group Holdings Inc
$208.68 -4.60 -2.16%

Alphabet Inc Class A
$302.85 -0.48 -0.16%

Netflix Inc
$77.00 -0.99 -1.27%


News

Cryptos

Ethereum is resting on a 6-year trend

Market Overview
The crypto market cap fell by more than 1% in 24 hours to $2.31 trillion, approaching last week's lows but leaving the market 5% above its low point on 6 February. The market's range continues to narrow, suggesting that volatility is likely to soon break out of the $2.3-2.4T range. Given the previous dynamics and the increasingly cautious nature of growth in the US stock markets, there is a greater chance of an early update of local lows with a dip to the levels we saw in the second half of 2024.
Bitcoin is trading just above $67K, losing slightly under 1%, which is better than the market, as active selling has moved to altcoins outside the top five. BTC is trading at the bottom of the downward range of the last week and a half.
Ethereum is resting on a support line that originated in 2020 and was touched in early 2024 and at the February lows. This global trend line now also coincides with the area around $2,000, which further reinforces its significance. However, for such a serious event as the breakdown of the 6-year support, confirmation in the form of a failure below the recent lows at $1,500 is required. Until then, bulls may remain hopeful, attracting long-term buyers on dips. News Background

The indicator of Bitcoin inflows from large holders to the Binance exchange has reached record levels, indicating increased pressure on BTC from large players, according to CryptoQuant.
The current state of the crypto market resembles the final stage of the 2022 bear phase, which was followed by a protracted period of consolidation, according to K33.
Bitcoin has only entered the first phase of the bear cycle, according to Willy Woo, co-founder of the CMCC Crest investment fund. The second phase will be associated with a fall in global stock markets, and the third will mark a period of stabilisation.
Strategy bought 2,486 BTC ($168.4 million) over the past week at an average price of $67,710 per coin. Strategy now owns 717,131 BTC, purchased for $54.5 billion at an average price of $76,027 per bitcoin.
Japan's Metaplanet reported a net loss of $619 million for 2025. The negative financial result is due to the revaluation of the company's Bitcoin reserves.
Ethereum's share of staking exceeded 50% of the total supply of the asset for the first time in history, according to Santiment. The queue for Ethereum staking is near historic highs — 3.8 million ETH (waiting time — 67 days).

BlackRock has taken the first step towards launching a staking Ethereum ETF in the United States.
The Founders Fund, a venture capital fund owned by billionaire investor Peter Thiel, has sold all of its shares in the DAT company ETHZilla, one of the largest corporate holders of Ethereum. Back in August, Thiel's share was 7.5%.
Updated rules from the US Internal Revenue Service (IRS) have scared American crypto investors. Starting in 2026, all US-licensed crypto exchanges will be required to disclose information about their clients, from the volume of investments to the profits or losses they have. (FxPro)

News

Bitcoin News

Bitcoin’s worrying slips down

Market Overview

The crypto market cap has been hovering around $2.34-2.35T for the third day in a row. Volatility seems to have been turned off in this market, while stock indices are much livelier. There, investors are actively buying up dips, relying on support in the form of important moving averages: 50-day for the Dow Jones and Russell 2000 and 200-day for the Nasdaq100. The crypto market is now below its 50- and 200-day curves by 17% and 31%, respectively. If cryptocurrencies still play a role as an indicator of risk appetite, it points to disaster.

By and large, the cryptocurrency sentiment index says the same thing, falling to 8 at the start of the day on Wednesday. The indicator has been in single digits for nine of the last fourteen days. This is worse than the darkest moments of 2020 and 2022. It seems that as the cryptocurrency market matures, it is becoming less optimistic. On the other hand, it is also becoming less volatile.

Bitcoin continues its downward drift, periodically bouncing along the way. At the end of US trading, the price of the first cryptocurrency fell to $66.7K but added about 1,000 at the time of writing. It is alarming that Bitcoin's dynamics mirror the recent strengthening of the dollar. When investors become convinced that the rise of the dollar is a trend, there may be a sharp increase in volatility.

News Background

Bitcoin's collapse to $60,000 has put psychological pressure on long-term BTC holders, comparable to the collapse of the Terra (LUNA) ecosystem in May 2022, Glassnode notes. They began to sell off assets at significant losses, which is typical of the later stages of a bear market.

A net outflow of stablecoins from the Binance exchange has been observed for the third month in a row, signalling a continuing liquidity squeeze across the crypto market, notes analyst Darkfost. The last time a similar dynamic was observed was during the 2023 bear market.

Standard Chartered Bank has significantly lowered its forecasts for major cryptocurrencies for 2026 amid market volatility. The forecast for Bitcoin has been lowered from $150,000 to $100,000, for Ethereum from $7,000 to $4,000, for Solana from $250 to $135, and for XRP from $8 to $2.8.

Bloomberg Intelligence commodities strategist Mike McGlone has reiterated his forecast for Bitcoin. According to him, the leading cryptocurrency could plummet to $10,000 this year, heralding a recession in the US economy and a stock market crash.

According to Token Terminal, Polygon has surpassed Ethereum in daily transaction fees for the first time. The Polymarket prediction platform has made the main contribution to the growth in activity.

Stablecoins are increasingly being used for payments, salaries and savings, according to a study by BVNK. The key factor was savings on fees, which average 40% compared to traditional payment services. (FxPfo)

News

Geopolitics saves Crude Oil

Asian demand is making the black gold market more bullish than last year

The fate of Brent depends on the outcome of negotiations between the US and Iran on the one hand, and Russia and Ukraine on the other.

Brent bulls believe that sooner or later, Russia and Iran will reduce production and exports of Crude. This will lead to price increases. The bears are convinced of the opposite: thanks to discounts, barrels of oil will be absorbed by buyers, most likely China. At the same time, the negotiation processes between Washington and Tehran on the one hand, and Moscow and Kyiv on the other, are of key importance.

According to a Bloomberg insider, Russian oil production did indeed decline for the second month in a row to 9.28 million bpd in January. This is approximately 300,000 bpd below OPEC+ quotas. Nevertheless, exports rose to 3.39 million bpd in the week ending February 15th. In the first half of the month, deliveries to China jumped to more than 2 million bpd. According to Kpler, they are being redirected from India.

Overall, Asian demand for oil continues to grow rapidly. The company expects record growth in imports to China, India and other countries in the region to 28.51 bpd in February. This growth could lead to a smaller market surplus than previously expected. This is especially true given the supply disruptions that have occurred, including those caused by sanctions.

Thus, even without geopolitics, the situation looks less bearish than it did in 2025. Last year, according to the IEA, onshore reserves of Oil grew by 477 million barrels, or 1.3 million bpd. The main reason for this was increased production in the US, Brazil and OPEC+. At the same time, global demand remained healthy.

The market's attention is focused on the negotiations between Washington and Tehran, where each side has its own version of the truth. The Iranian Foreign Ministry claims that the basic terms of the agreement have been reached. This will allow sanctions to be lifted and war in the Middle East to be avoided. US Vice President DJ Vance, on the other hand, believes that Donald Trump's demands have not been met and that Tehran has two more weeks to do so.

Iran has an important trump card. It knows the peculiarities of the US president's negotiating tactics, which involve moving from threats to retreat. Moreover, a rise in Brent to $150 per barrel is not part of Donald Trump's plans, especially in the run-up to the midterm elections. (FxPro)

News

Eric Trump Predicts Bitcoin Will Reach $1 Million Despite Slump

Speaking at the World Liberty Forum in Mar-a-Lago, hosted by Eric and Donald Trump Jr., Eric forecasted Bitcoin hitting $1 million, citing its average 70% yearly gains from $16,000 two years ago. The event ties to their World Liberty Financial platform, launched after banks closed Trump Organization accounts post-January 6, 2021, which the brothers call political debanking. Donald Trump Jr. called traditional banking a 'Ponzi scheme' favoring insiders, while WLFI announced a partnership with Apex Group for their USD1 stablecoin.

News

Shares (Yesterday - 24 Hour Ago)
The Lead Up
(For reference, historical and educational purposes)

Alphabet Inc Class A
$303.33 +1.31 +0.43%

TKO Group Holdings Inc
$213.40 +3.30 +1.57%

Netflix Inc
$77.99 +0.99 +1.29%

Palantir Technologies Inc
$135.38 +2.36 +1.77%

Tesla Inc
$411.22 +0.59 +0.14%

Microsoft Corp
$399.60 +2.74 +0.69%

Mercedes Benz Group ADR
$17.41 +0.030 +0.17%

Porsche Automobile Holding SE Unsponsored Germany ADR
$4.20 +0.011 +0.26%

Volvo ADR (Parent to Mack Trucks)
$38.13 +0.13 +0.34%

Formula One Group Series A
$81.70 +2.07 +2.60%

Wynn Resorts Ltd
$116.31 +1.91 +1.67%

MGM Resorts International
$37.19 +2.92 +8.52%

Light & Wonder Inc
$98.12 +0.020 +0.020%

Mineral Resources Ltd
$53.75 +1.73 +3.33%

St George Mining Ltd
$0.079 -0.0262 -4.76%

Lynas Rare Earths ADR
$11.00 +0.21 +1.95%

Arafura Rare Earths Ltd
$0.17 +0.0006 +00.35%

Rio Tinto plc ADR Common Stock
$98.93 +2.05 +2.12%

Rio Tinto plc ADR Common Stock
$98.93 +2.05 +2.12%

Fortescue Ltd
$20.20 (ASX)
+0.100 +0.50%

BHP Group Ltd
$52.29 -0.45 -0.85% (ASX)

News

Culture/Streaming

24 Hours Ago approx

YouTube Restores Service After Brief Global Outage

The outage hit around 2 a.m. UTC on February 18, blocking access to videos, apps, recommendations, YouTube TV, Music, and Kids for under two hours. TeamYouTube confirmed the issues and fixed them by 3:12 a.m. UTC, after Downdetector logged over 320,000 U.S. complaints alone. Users turned to X to share frustrations and jokes, while some reports of wider disruptions to services like Google and Netflix went unconfirmed by official status pages.

News

Sports/Formula One

Russell Edges Piastri to Top Bahrain Pre-Season Test Day One

On Wednesday at Bahrain International Circuit, Russell's 1:33.459 lap led Piastri by a whisker, with Ferrari's Charles Leclerc third after 70 laps. Mercedes piled on mileage at 145 laps combined, while Lewis Hamilton tested Ferrari's SF-26, calling it 'exciting' with his heavy sim input baked in. Drama came from Lance Stroll's gravel spin and Aston Martin's power issues, but off-track smiles shone in the 'Carlando' reunion photoshoot of Norris and Sainz. (Grok)

News

Culture

'Welcome To The Blockchain' aka

The Bitcoin Song

Intro

We're now standing on the precipice of a global revolution
Of economics, of politics, and government
Welcome to the blockchain

verse

Power corrupts, money is power
The power to control the money is one that is now
In the hands of those who pretend we can't function without them
So how can we do something about it? (Huh?)
Working hard to get a raise, lifting that wage up
Inflation takes it like a hidden taxation
Manipulated interest rates to give the banks
A way to create money with the loans that they're giving out daily (yup)
That means our money is debt
That we gotta pay back more than a hundred percent
No wonder then why the middle class is going under
When the one's above them gotta cover and come to collect
And many have no access to banking
Making payments, or saving, so more fees are taken
And every day the gatekeepers are trying to stop change
We can not wait, welcome to the blockchain

chorus

Welcome to the blockchain
Things are about to change
Open up the gates
Systems get replaced
Bitcoin
Decentralize the trust
Security, transparency
The network's run by us
Bitcoin

verse

Bitcoin is a decentralized ledger
And the currency is its first enterprise ever
Secured by the worldwide incentivized network
Can't be stolen or controlled by any sized effort
You can send it anywhere and instantly
No one can intervene, no third party in between
There's no counterfeiting
Algorithms control the outer limits of how many coins can get released
Programmable money, no government can seize it
Payments can be customized by sender and receiver
Contracts can be written cementing your agreements
With terms that can't be bent once you consent then it completes it
Autonomous businesses are possible
Where profit is distributed amongst those adopting it
Paradigm shift we must adjust to the ending
With the blockchain, bitcoin is just the beginning

chorus

Welcome to the blockchain
Things are about to change
Open up the gates
Systems get replaced
Bitcoin
Decentralize the trust
Security, transparency
The network's run by us
Bitcoin

bridge

Now that we got control
We're not gonna let it go
My people all around the globe
We gotta keep building, building, building
Now that we got control
We're not gonna let it go
My people all around the globe
We gotta keep building, building, building

chorus

Welcome to the blockchain
Things are about to change
Open up the gates
Systems get replaced
Bitcoin
Decentralize the trust
Security, transparency
The network's run by us
Bitcoin

Writer: Toby Ganger

News

Mining/Energy/Resources/Biz

Rio Tinto dodges merger bullet

Rio Tinto has dodged two 'bullets' due to Glencore's rejection of a merger proposal: a possible BHP takeover bid and a dangerous acquisition. BHP looked closely at whether to bid for Rio Tinto if the latter announced a merger with Glencore. The two companies would make excellent merger partners; amongst others things, their staff and senior people have similar cultures, they are co-operating on future Australian iron ore projects and they are copper joint venture partners in Chile and the US. Meanwhile, there are significance cultural differences between Rio Tinto and Glencore; there is little doubt that Rio Tinto's CEO Simon Trott would have had doubts about a merger once he understood these cultural differences. (RMS)

News/Snapshot

Australian Mining

Global Commodity Rankings

Australia holds some of the world's largest reserves and is a leading producer of several key minerals.

#1 Producer: Iron Ore, Bauxite, Lithium, Rutile, and Zircon.

#1 Reserves: Iron Ore, Gold, Lead, Nickel, Rutile, Uranium, and Zinc.

#2 Producer: Gold, Alumina, and Manganese.

Key Mining Hubs & Major Projects

Western Australia: The nation's "engine room," producing 98% of Australia's iron ore and 60% of its gold. Major sites include the Pilbara (iron ore) and the Super Pit in Kalgoorlie (gold).

Queensland: A global leader in metallurgical coal (Bowen Basin) and silver/lead production (Cannington mine).

South Australia: Home to Olympic Dam, which contains the world's largest single uranium deposit and significant copper and gold reserves.

Major Players

The sector is dominated by several multinational giants and significant domestic players:

BHP: Often ranked as Australia's most valuable company; major interests in iron ore, copper, and coal.
Rio Tinto: A world leader in iron ore (Pilbara) and aluminum.

Fortescue (FMG): Primarily focused on iron ore and rapidly expanding into green energy.

Hancock Prospecting: Australia's largest private mining company, led by Gina Rinehart, the nation's wealthiest person.

South32: Spun out of BHP; manages a diversified portfolio including manganese, silver, and nickel.

2026 Trends & Developments

Critical Minerals Push: The government has introduced a $23 billion package to support domestic processing and manufacturing of critical minerals to reduce global reliance on single-country supply chains.

Uranium Rally: Prices exceeding US$100/lb have sparked renewed interest in Australian prospects like the Kalkaroo project.

M&A Activity: Major merger talks continue between giants like Rio Tinto and Glencore as they seek to consolidate copper exposure for the EV market.

Workforce Challenges: The Minerals Council of Australia is currently calling for migration reforms to address a significant "skills crunch" in the sector.


News

Best Quotes Of The Day

Media Man

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

The Million Dollar Man vs IRS
Money INC vs Right To Censor
Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia
White Light vs Dark Matter
Lexis King vs NIL's (WWE NXT)
Volk vs Naysayers (UFC: Sydney, Australia)
Brock Lesnar vs Everyone! (WWE Royal Rumble)
Roman Reigns vs CM Punk (WWE WrestleMania)
Green vs The Coal Miners Daughter
AC/DC vs Swifties
Triangle v World Bank
Sarah's Oil vs Big Oil
Mr X vs Mr VOX
Mr X vs Mr Platformer
Mr FOX vs Mr Vice
Fox And The Hound vs The View
The Masked Superstar vs Mr Jones
The Undertaker vs Mankind
UFC Legends vs Father Time
Vinnie Vegas and Oz vs Los Americanos
NXT GM vs The Don
Mr Moneymaker vs Mr Regulator
Mr Blockchain vs Mr EU
WWE Unreal vs The Old Guard
Reality TV vs John Pilger Type Journalism and Docos
Mr Real Deal vs Mr Grifter
Mr Truth vs Mr Shock Jock
Mr X vs Mr Bluesky: Rematch
WWE Wrestlers vs NFL Super Bowl Players
Logan Paul and Bad Bunny vs Jake Paul and The Don - Special ref: Damian Priest
Kelly Gang vs Snow White Clan
BKFC vs PFL vs ONE
Mr Sky vs Mr Vice
Marvel Universe vs DC Universe vs Monster Universe
Logan Paul vs Tom Brady
MMA vs Lucha Libre

Confirmed Matches To Happen:

Rousey vs Carano (Netflix) May 16
Tyson Fury vs Arslanbek Makhmudov (Netflix) April 11

 

 

 

 

 

 

News

Business brands using affiliate programs open to and embracing flat fee campaigns by online publishers under the right terms and conditions says Media Man agency

Health, Well-being, Lifestyle and Sports Exposure; Publicity and Advertising Special Deals Available via Media Man Int and Media Man Australia

American and Australian b2b agency deal enjoying strong success in global downturn period: European advertising and creative agencies enjoying successful campaigns via Media Man Int, Media Man Australia, Australian Sports Entertainment and Greg Tingle Promotions

Casino Affiliate Programs.com web forum needs major update and overhaul

 

 

Markets, Cryptos And Culture

January 17, 2026

Sydney, Australia to Wall Street, New York

Friday Lead In To The Weekend; Well And Hard Earned Gains

ASX futures up 6 points/0.1% to 8883
AUD -0.2% at US66.83¢
Bitcoin $95,370.15 +0.17%
Dow +0.03%
S&P +0.1%
Nasdaq +0.1%
Gold -0.5% to $US4595.42 an ounce
Brent oil +1.1% at $US64.45 a barrel
Iron ore -1% at $US106.00 a ton

News

Gold near its peak

The White House dealt a blow to gold by postponing tariffs on critical minerals. Although precious metals were not on the list, other assets in the sector were. Concerns about import duties played a key role in the rally in silver, platinum and palladium. However, the overflow of bullion in the US occurred at the initial stage of the rally. Subsequently, other factors came into play.

Gold's position looks strong amid extremely unpredictable geopolitics and ongoing tensions. The increasing polarisation of the world is forcing central banks to continue the processes of de-dollarisation and diversification of reserves. Although central banks remain net buyers, their purchase volumes are declining amid more than 130% price growth over the past two years, pushing prices to historic highs.

Our attention is also drawn to reports of a huge volume of short exchange positions held by active funds. At current prices and dynamics, especially in silver, an explosion of volatility could occur at any moment. This could be either the start of a sharp downward movement or a final short squeeze with growth to non-market levels, which could ultimately remove buyers from the market. (FxPro)

News

Bitcoin has not crossed the correction line

Market Overview

The crypto market has fallen 1.5% over the past 24 hours to $3.23 trillion as the market regains strength after the growth momentum at the beginning of the week. The top five cryptocurrencies by market capitalisation are down less than 1%, while smaller altcoins are experiencing more significant declines. The exception is Tron, which is up about 1% on the day and has been steadily gaining weight since the end of December.

Bitcoin is trading near $95.5K, retreating from levels near $98K, where the 61.8% Fibonacci retracement level also passes. The first cryptocurrency has reached the retracement line, waiting for further momentum to determine its direction. No critical macroeconomic publications are scheduled for the near future, so BTC will have to follow the highly unpredictable geopolitics and market reaction to quarterly reports.

News Background

Over the past three days, more than 47,000 retail investors have left the market due to fear, doubt and uncertainty. The price rebound was supported by a seven-month low in the volume of bitcoins on exchanges, according to Santiment.

The dynamics of the Value Days Destroyed indicator suggest that long-term holders are refraining from taking profits despite the rise in prices. The current growth is based on fundamental market strength rather than speculation, according to CryptoQuant.

According to CoinGlass, the total open interest in Bitcoin derivatives on all exchanges is now 28% below its peak in early October. A large-scale ‘cleansing’ of the market from excessive leverage could signal a recovery for BTC.

Despite the optimism, the derivatives segment has not yet entered a full-fledged growth phase, according to Greeks Live.

The recent growth was caused by a short squeeze in the futures market amid low trading volumes, rather than an influx of fresh capital, according to Glassnode. Despite the local positive, the options market signals that risks remain.

The US Securities and Exchange Commission (SEC) has closed a case initiated in August 2023 against the non-profit organisation Zcash Foundation, which is behind the development of the private coin. (FxPro)

News

Strong macro data and rate spreads are the USD’s main weapon

The greenback's primary weapon is the wide spread in interest rates

The yen is following the lead of the government and the Bank of Japan

The US dollar continues its strong run in the forex market for almost a month. A combination of strong US macro statistics and hawkish Fed officials' comments allows the greenback to dominate. In the week ending January 10th, Initial Unemployment Claims fell to 198K. In recent years, the figure has only occasionally fallen below 200K. Its 4-week average fell to the lowest in two years. This points to a stabilisation of the labour market and deprives the FOMC doves of their key trump card.

The EURUSD has been falling for 11 of the last 15 sessions and has reached its lowest since early December. According to Credit Agricole, the idea of divergence in the monetary policies of the Fed and the ECB will not be realised. The Fed will leave rates unchanged in 2026, and the wide spread with the deposit rate will become the primary weapon of the US dollar. Bank of America warns that the ECB's dissatisfaction with inflation dynamics may force it to resume its cycle of monetary expansion. This will put pressure on the euro.

It seems the only hope for EURUSD bulls is Donald Trump, who dreams of lowering the federal funds rate to 1%. However, the US president has tied his own hands with a lawsuit against Jerome Powell. Now, candidates close to him for the position of Fed chairman may be rejected by the Senate due to concerns about the independence of the central bank.

The only currency performing better than the dollar recently is the yen. USDJPY gave way to fears of possible currency interventions, as hinted at by Japanese Finance Minister Satsuki Katayama. According to Bloomberg insiders, the BoJ is focusing its attention on the pro-inflationary impact of a weak yen. Although no rate hike is expected in January, further policy tightening may remain on the table. Experts do not expect an overnight rate hike before July.

Reduced geopolitical risk, supported by developments involving Venezuela and Iran, has put pressure on gold prices. The strong dollar and rising US Treasury yields are also weighing on gold. However, the precious metal's reluctance to correct in difficult conditions speaks to its strength.

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Best Quotes Of The Day

Media Man

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia
Google Deepmind and Gemini vs X
Paul Bros vs Lucha Bros
TNA Wrestling vs AEW
Office Workers vs Field Workers

 

 

 

 

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Gamesys acquires Richard Branson owned Virgin Games to boost gaming and igaming business - 7th January 2012



According to gaming trade publication eGR Magazine, game development company Gamesys has acquired Sir Richard Branson’s Virgin Games for an undisclosed sum.

In addition, eGR (exclusively) reports that Gamesys has signed a ‘long-term deal’ to develop real money and social gambling properties, globally, under the Virgin brand.

Originally started in late 2003, Virgin Games is wholly owned by Richard Branson’s Virgin Group and offers casino (poker, slots, bingo and other) games for the internet and mobile devices.

Its new owner, UK-based online gambling holding Gamesys, recently made headlines when it launched a new Facebook app called ‘Bingo Friendzy’, the first to hit the social network’s App Center that lets UK users aged 18 and over to play an online game for real cash prizes (rival 888 followed up with a similar offering back in December 2012).

Gamesys operates the UK’s leading bingo and slots website Jackpotjoy and other brands, such as The Sun Bingo and Caesars Casino, aside from developing its own social gaming properties.

A Gamesys spokesman advised eGR that it aims to migrate the Virgin Games site onto its own platform and relaunch it in the UK later this quarter. In a prepared statement, Richard Branson said:

“We are delighted the Gamesys Group has acquired Virgin Games and formed a partnership to build a global games business.

Simon Burridge and his team built a strong platform and now with the help of the Gamesys Group we can expand further internationally. We believe the Gamesys Group shares our vision and will be great partners in the sector.”

Simon Burridge is the former advertising executive who started and became CEO of Virgin Games in late 2003.

According to eGR, Virgin Games had been exploring outside investments in recent months, in a bid to expand its business across Europe.

Virgin Games is likely to come up against strong competition from the likes of bwin.party digital entertainment and its PartyCasino.com, PartyPoker and World Poker Tour, and word is that Austraila's gaming king, James Packer, head of Crown Limited, is also aiming to further expand into online gaming well beyond Betfair.

Stay turned to the Media Man and Casino News Media network as the story continues to unfold.

News...

Gamesys agrees Virgin Games purchase

Online casino and bingo operator Gamesys Limited has agreed to acquire operator Virgin Games for an undisclosed sum while additionally inking a long-term deal to develop a range of Virgin-branded real-money and social gaming propositions.

Gamesys, the operator behind popular online bingo domain JackpotJoy, revealed that the initial focus for the new partnership will be the UK market with the Virgin Games proposition set to be relaunched on the Gamesys platform in Q1 2013.

Established in 2001 by Noel Hayden, Andy Dixon and Robin Tombs, Gamesys became the first online gaming operator to agree a real-money deal with social network Facebook in August while it stated that it has been a ‘long term admirer’ of the Virgin brand.

“We are delighted to have the opportunity to leverage our unique platform, games and services to power Virgin gaming propositions around the world,” said Hayden.

For its part, Virgin Games was founded in 2004 by Virgin Group and hosted close to 300 games from leading suppliers including Microgaming and Playtech. It additionally operates online bingo as well as games of poker using the International Poker Network from Spielo G2.

“With many new opportunities opening up across the world, it was important to attract a new partner to capitalise the power of the Virgin brand,” said Simon Burridge, Chief Executive Officer for Virgin Games.

“We are delighted Virgin Games is being acquired by Gamesys, whose track record of growth and innovation speaks for itself.”