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Trump endorsed Hilton for California governor.

It's Love Island time!

Not getting invited to the wedding of the century? That’s gotta sting. Page Six has exclusively learned that “Top Gun: Maverick” star Miles Teller and his wife, Keleigh Sperry, did not receive an invitation to Taylor Swift and Travis Kelce’s nuptials — despite being once-close friends. The Tellers aren’t the only surprising snubs either. As the...

Not getting invited to the wedding of the century? That’s gotta sting. Page Six has exclusively learned that “Top Gun: Maverick” star Miles Teller and his wife, Keleigh Sperry, did not receive an invitation to Taylor Swift and Travis Kelce’s nuptials — despite being once-close friends. The Tellers aren’t the only surprising snubs either. As the...

Facebook Is Accused Of Fostering Ethnic Enclaves At Headquarters

Authored by Jose Nino via Headline USA,

Tech advocacy group blames visa programs for enabling corporate tribalism.

A terminated software engineer is accusing Facebook parent company Meta of allowing Chinese migrants to take over entire departments while American employees face systematic exclusion and layoffs, Neil Munro of Breitbart News reported.

Jeremy Bernier, who graduated from Virginia Tech in 2012, lost his software engineering job at the company and has gone public with allegations of widespread discrimination. "At Meta, 90% of my coworkers were Chinese, and non-Chinese were routinely excluded, disadvantaged, and targeted for layoffs," Bernier said. He continued that "6 out of the 7 layoffs I observed targeted non-Chinese despite non-Chinese being the vast minority. Certain org[anizations] like ads and MRS [Meta Recommendation Systems for prioritizing Facebook posts] are notorious for being Chinese dominated."

The former employee shared his account through multiple social media posts. "On Wednesdays and Fridays I'd often be the only non-Chinese person on my team in the office, and they'd all get lunch together without inviting me," Bernier recounted.

Meta was easily the most toxic company I've worked for. There's a reason the Chinese call it "Squid Game". Others refer to it as "Hunger Games" or "Lord of the Flies". I think they're all accurate.

The company culture is basically every man/woman for themselves. The performance...

- Jeremy Bernier (@jeremybernier) May 21, 2026

He expressed frustration at the broader pattern he witnessed. "I think Americans would be outraged if they knew that their own citizens were getting marginalized and laid off at their own companies, while Chinese promote themselves up, conquer entire orgs, and reap millions [in pay and bonuses]," Bernier said. "Americans are practically non-existent in the most coveted, high paying tech jobs in the world at American companies in America."

Kevin Lynn, who founded the advocacy organization U.S. TechWorkers, provided context for why corporations permit such arrangements. "Tribalism is a [C-Suite] tool that tamps down potential [internal executive] competitors because it changes incentives. If you're either leading a tribe or you're part of a tribe, you know you're secure. Your position isn't merit-based - it's based on your race, your ethnicity, who you're friends with, family, that kind of thing."

According to Lynn, this dynamic stifles creativity and progress. "Innovation, inventiveness, novel ideas take a backseat to tribalism," he explained, noting that "When 40 percent or more of your coworkers are from another country, from another culture, and prefer to speak another language, there's not going to be any trust, any ability to bond to build something [innovative]."

The Trump administration has taken aim at workforce visa programs that channel foreign nationals into American corporations. Vice President JD Vance and other officials have criticized these initiatives for displacing domestic workers, per a report by Breitbart. Facebook previously paid a $14 million settlement in 2021 following extensive documentation of bias against American job candidates, as Breitbart previously reported.

Bernier offered nuance in his criticism. "Just to be clear, most Chinese are very kind so don't take this as an attack," he stated. However, he described the broader workplace atmosphere as brutal. "Meta was easily the most toxic company I've worked for. There's a reason the Chinese call it 'Squid Game'. Others refer to it as 'Hunger Games' or 'Lord of the Flies'. I think they're all accurate."

Meta offered no response to Bernier's claims.

Jose Nino is the deputy editor of Headline USA. Follow him at x.com/JoseAlNino.

Tyler Durden Tue, 06/02/2026 - 13:35

"Don't announce it on television! Don't write an op-ed! Call me!"

Better noise cancellation than ever

Going to need a follow-up to last week's episode ASAP.

LeBron James is still in the business of keep receipts.

Elon Musk’s firm is negotiating to pay less than 0.75% in underwriting fees on the roughly $75 billion it plans to raise, according to Bloomberg.

The PGSA, which is under US sanctions, noted that the permits would not be given to "hostile countries," a term it has used to describe America and Israel, along with their allies.

'Crypto Spring': StanChart Sees Ethereum Outperforming As Mt. Gox Moves $739M BTC From Cold Wallets

“Over the past week, we acquired 26,497 ETH,” Bitmine Immersion Technologies Chair, Tom Lee, said in a statement on Monday.

“In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given we are in the early stages of crypto spring.”

As CoinTelegraph reports, Bitmine is the largest Ether treasury company with 5.4 million ETH worth more than $10.5 billion.

It had slowed its pace of buying earlier this month after scooping up more than 100,000 Ether a week for three straight weeks.

Lee told CNBC on Monday that there is disappointment in crypto at the moment because it hasn’t moved while other sectors like software are rallying, but argued that it “always happens at the end of crypto winter.”

Lee argued that the thesis for Bitcoin and Ethereum that he believes in still stands; that they are likely to be the future of money, despite the short-term price downturn across the market and some long-term holders and whales selling.

“As AI systems evolve, we’re now talking about using commerce and operating websites, you need decentralized identity and verification, and that’s really what crypto does,” he said. 

“We know Wall Street wants to go toward tokenization; it’s a vast improvement in efficiency of how money actually moves, and it’s an innovation. That only happens on Bitcoin, Ethereum and other smart contracts. The future isn’t changed.”  

Meanwhile, Bitcoin has tumbled to two-month lows, dramatically diverging from traditional equity markets' recent surge...

Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph that some analysts have noted that Bitcoin is the only major asset in contraction right now, and the divergence is notable.

“It shows Bitcoin is trading more like a high-beta risk asset tied to macro sentiment rather than an independent hedge,” he added.  

“This gap highlights current weakness, but it also sets up potential for stronger relative performance once macro conditions improve. I view it as a temporary phase in the cycle, not a permanent shift.”

Analytics platform Santiment said on Monday that “the gap between traditional equities and crypto has become increasingly difficult for traders to ignore.” 

However, Santiment said that this pattern won’t last forever, and “mainstream influencers” discussing stock dominance over crypto is often a good sign that the crowd is leaning too far into the “equity FOMO and crypto FUD.” Markets generally move opposite to the majority of traders’ expectations, it added.

This most recent decline in bitcoin comes after Michael Saylor's Strategy actually sold some of its holdings (admittedly a de minimus amount) and perhaps even more ominously, as CoinTelegraph reports, defunct Japanese crypto exchange Mt. Gox moved roughly $739 million worth of Bitcoin from its cold wallets early Tuesday, its first onchain movement in over two months, according to Arkham Intelligence data.

Blockchain data shows the exchange transferred 10,306 Bitcoin (BTC), worth approximately $730.8 million, from its cold wallet to an unmarked address at 4:47 am UTC.

The transferred Bitcoin is currently marked as “unspent” by Arkham. The exchange also made a separate transfer of 116.3 BTC, worth around $8.25 million, to its hot wallet at the same time, which is marked as “spent.”

The transferred Bitcoin being marked “unspent” means the funds are sitting in the new address and have not yet been sent anywhere further. On the other hand, “spent” means those funds have already been moved on again to another address.

The large movement has raised questions about whether creditor distributions are imminent, which could weigh on markets, as creditors who have waited over a decade to recover their funds may choose to sell once they receive their Bitcoin.

Bringing all of this together, Standard Chartered's Geoffrey Kendrick sees opportunity in buying Ethereum against Bitcoin here, suggesting it's only a matter of time before ETH catches up to improving internal metrics.

Internal metrics for Ethereum (ETH) continue to improve – transaction numbers and total value locked (measured in ETH terms) both remain close to all-time highs.

However, the ETH price continues to underperform in both absolute and relative terms – ETH-USD has fallen 57% from its August 2025 high to around USD 2,100, while ETH-BTC is down 37% over the same period.

Describing Amazon during the 2001 dot-com bust, Jeff Bezos said, “While the stock price was going the wrong way, everything inside the company was going the right way”.

We think the same applies to the current ETH price.

Similar to the Amazon example, we see significant scope for the ETH price to catch back up to internal metrics.

Ethereum is poised to benefit as traditional finance (TradFi) equivalents migrate to digital assets.

We project that stablecoin market cap will increase 6x from current levels by end-2028, and that the market cap of tokenised, non-stablecoin real-world assets (RWAs) will multiply 50x over the same period. Ethereum dominates both of these segments, with 50-65% of each underlying market being on Ethereum. These segments now account for more than half of the value locked on Ethereum.

As such, Kendrick reaffirms his ETH forecasts of USD 4,000 for end-2026 and USD 40,000 for end-2030. This would take ETH-BTC back to the 2021 highs around 0.08.

And Kendrick notes that yesterday saw the beginning of ETH outperformance relative to BTC.

The market reaction to MSTR’s sale of 32 BTC (a ridiculously small amount for MSTR to sell, given it still owns 843,706 BTC) was telling.

Specifically, on days where the BTC price falls, yesterday was one of the largest ETH-BTC topside moves of the past few years (there have been just 23 days since the start of 2024 more than yesterday).

The StanChart analyst highlights the larger moves in this chart:

Figure – ETH-BTC price moves on BTC down days (that are bigger than yesterday)

Further, MSTR’s selling (whilst small) highlights the different business models of the BTC DATs from the ETH DATs.

Specifically, because ETH has a 3% staking yield there is zero need for the ETH DATs to ever sell ETH (differently to the BTC DATs).

As such I would expect the mNAVs of the main ETH DATs to go back above that of MSTR (and a higher mNAV makes these businesses more sustainable).

I highlight the mNAV of BMNR and SBET here:

Figure – mNAV of BMNR and SBET v MSTR

Days like yesterday form important turning points for ETH-BTC.

Kendrick sees that cross back at 0.040 by year-end (from 0.028 today), even if (as is likely) MSTR this week buys a large multiple of the 32 BTC it sold last week.

Tyler Durden Tue, 06/02/2026 - 13:15

Massachusetts Church Cancels Traditional July 4th Celebration "To Better Understand Our Own Whiteness"

Authored by Jonathan Turley via JonathanTurley.org,

In Nantucket, there is an interesting conflict between churches after the Nantucket Unitarian Universalists (NUU) canceled its traditional celebration. In a letter from the church and the Rev. Erin Splaine of the Second Congregational Meeting House Society, residents were told the traditional reading of the Declaration of Independence would be canceled to better focus on the "on-going process within the congregation to better understand our own whiteness."

Across the country, July 4th celebrations are being canceled, and protests are planned for the nation's 250th anniversary. MS NOW anchor Ali Velshi declared this week, "I feel a deep unease about the celebrations to which I am invited to mark the 250th anniversary of our so-called democracy." The comment mirrors a recent poll showing that 85% of Democrats describe the U.S. in negative terms, and only 10% said they view it positively.

For 25 years, the historic Nantucket Unitarian Meeting House has hosted a public reading of the Declaration of Independence and the Bill of Rights.

The letter announcing the cancellation from Splaine and the NUU Nantucket church is full of the usual virtue-signaling jingoism that has become common on the left:

"Our cancelling the 4th of July celebration this year reflects ... an on-going process within the congregation to better understand our own whiteness.

...For those of us who are white the experience of the Rights and Privileges conferred by the Declaration of Independence, The Bill of Rights, and the Constitution of the United States have, for centuries, been tragically, often violently, and unequally applied to fellow citizens who are not white."

This type of pandering and posturing has become the norm today. In a time when the American flag is denounced as a divisive and "triggering" symbol, a refusal to celebrate our Independence is yet another way of proving one's bona fides to the perpetually enraged.

Splaine and the church stressed that she would not "engage" with critics on social media because "Social media is not the place for important, tender conversations."

For some of us who believe that the Declaration of Independence embodies natural rights that ultimately prevailed in a more perfect union, the letter is maddening.

As I discuss in Rage and the Republic, the continuation of slavery was recognized at the time as a fundamental betrayal of those values. However, we created a system that would ultimately reject slavery and then later segregation. It was indeed a stain on our history and a sin of our founders to continue slavery. Yet, despite those imperfections, we rallied behind the founding values that define us as a people.

Thomas Paine, who (like other founding figures) was vehemently against slavery, still celebrated the founding of a new nation and a new people: "We have it in our power to begin the world over again . . . The birth-day of a new world is at hand."

John Adams represented Massachusetts, including Nantucket, at the Continental Congress and fought to end slavery, but still understood that they had created a country based on freedoms that would ultimately prevail for everyone. He wrote his wife Abigail to predict that Independence Day would be:

"celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated as the Day of Deliverance by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations from end of this continent to the other from this time forward forever more."

Rather than Adams, Massachusetts now has figures like Rev. Splaine who focus not on the natural rights that bind us to those ongoing conflicts that divide us. This is a holiday that allows us to take one day of the year to celebrate our shared values. In an age of rage, it is a respite from the anger and hate that consumes so many in this country.

Yet, there remain some in Massachusetts who still understand what Adams was describing 250 years ago. Another church has stepped forward to take up the celebration. St. Paul's Episcopal Church announced it would read the Declaration of Independence and the Bill of Rights. St. Paul's Rev. Max Wolf declared, "We may not be there yet but we felt it was important to gather together and try to live up to the promises our country has made. Those documents are aspirational."

Amen, Reverend, Amen.

Tyler Durden Tue, 06/02/2026 - 12:55

Johnston County Public Schools said the teen's speech included unapproved remarks, prompting them to bring the speech to an abruptly halt to "maintain the integrity and focus," of the graduation ceremony.

The Lakers continue to revamp their business operations staff. The franchise on Tuesday named Yao Williams II as the newest vice president and head of global partnerships. The Los Angeles Lakers continued their revamp of their business operations staff with the hiring of Yao Williams II as new VP and head of global partnerships. Williams...

The well-heeled are doubling down on double-wide mansions.

Some of Talarico's past statements on race, gender ideology, abortion and religion are now causing headaches for his campaign.

Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike

Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week. 

Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than anticipated to 2.5% (technically 2.55%), while the closely watched services gauge jumped to 3.5%, the highest since last November, and non-energy industrial goods inflation printing at 0.87%YoY.

Energy inflation increased to 10.9%YoY, while food, alcohol and tobacco inflation fell to 1.97%YoY, notably below the weak 2.2%YoY Goldman was expecting.

“The acceleration of headline and core inflation in May cements the case for a 25 basis-point rate increase from the ECB next week. Those moves have been driven by services prices, which have probably been pushed up by pass-through from oil prices. That may be used by the hawks on the Governing Council to argue broad-based inflation requires a follow-up move in September” said Bloomberg economist David Powell.  

Incorporating the May flash release into the Euro area inflation path, but also accounting for the potential Easter-related nature of the outsized move in services which should not be fully persistent, Goldman's medium-term path continues to show core inflation at a weak 2.5%yoy in 2026, peaking at 2.7%yoy in 2027Q2 before gradually declining to 2.0%yoy in 2028Q4, above the ECB staff March projections. As for headline inflation, Goldman expects it to peak at 3.4%YoY in Q4, using the bank's latest baseline path for gas and oil prices.

The latest hot inflation print has cemented the ECB's first rate hike since September 2023 on June 11, with officials appearing to conclude that they can no longer wait to respond to the fallout from the Middle East conflict. ECB rate hike odds are now at 98% on Polymarket. They’re worried chiefly about workers demanding steep pay rises and firms boosting selling prices, viewing such consequences as probably now inevitable as the war drags on.

Source: Polymarket

Most policymakers, however, remain cautious on the path beyond June according to Bloomberg, as growth in the region’s 21-nation economy also takes a hit. Business activity shrank in May at the quickest pace since 2023.

ECB Executive Board member Isabel Schnabel, viewed as the most hawkish Governing Council member, suggested Monday that it’s too early to specify how many rate increases may be needed. Lithuania’s Gediminas Simkus has said a second move after June “is more likely than not,” though it’s unclear when.

“It’s quite important to react in a timely manner to this emerging inflationary environment so we can prevent a possible acceleration of inflation and the inflationary spiral, prevent it at its very beginning with the least possible impact on the economy,” Simkus said Tuesday in Vilnius.

His Finnish counterpart Olli Rehn described inflation expectations as still anchored so far, but said action is needed this month to keep prices under control. “While inflation risks have increased, a rate increase in June would be an insurance one, but not due to entrenched inflationary pressures,” he said in a speech.

Today's CPI print should not have been a major surprise: data last week showed inflation gathering pace in three of the bloc’s biggest member states, and remaining well above the ECB’s 2% target in all of them. Propelled by the war-induced surge in energy costs, May readings for France, Italy and Spain quickened to 2.8%, 3.3% and 3.6%, while the headline number for Germany moderated to 2.7%.

Tyler Durden Tue, 06/02/2026 - 12:40

The route the group was running on is on an infamous, narrow pathway through the iconic rice fields of Bali.

The fearless country trio will headline at NYC's Beacon Theatre on Oct. 10, 12 and 13.