“When I was a kid, I thought the kids lived in the TV show, and when I first saw kids breaking out into song, it kind of disturbed me,” Kelly says. “How would they all know to do that? What’s going on? Are they brainwashed?” Buddy builds on these innocent fears, telling a story about gaslighting and the hidden darkness that can exist within beloved authority figures. 

Between the relevant themes and the emotional arc, there is, in Kelly’s own admission, a bit more going on in Buddy than in Too Many Cooks — and most of Kelly’s earlier work, too. This includes Adult Swim shows like Your Pretty Face Is Going to Hell and his two previous, non-theatrical movies, Yule Log and its sequel. (These last two Adult Swim films, which begin as normal footage of a fire in a fireplace before spiraling out of control into a meta-textual narrative about murder, time travel, and aliens, are feature-length but not exactly mainstream popcorn fare.) 

BitGo has expanded its institutional offerings after completing the acquisition of NYDIG’s institutional trading business, a move designed to deepen its derivatives, structured products, and financing capabilities for professional crypto market participants.

In a Business Wire announcement published Thursday, BitGo said it finalized the transaction under a definitive agreement. The deal includes NYDIG’s institutional client trading relationships and the transfer of about 30 employees to BitGo. Financial terms were not disclosed.

Key takeaways

• BitGo says it has completed the acquisition of NYDIG’s institutional trading business, adding derivatives and capital markets services.
• The transaction includes institutional trading relationships and roughly 30 employees joining BitGo; no deal value was disclosed.
• The acquired unit serves asset managers, hedge funds, and corporate clients with derivatives, structured products, and financing.
• BitGo framed the purchase as a “meaningful” scale-up of its trading and infrastructure capabilities for institutional users.
• The companies also tied the restructuring to NYDIG’s ability to focus on power generation, Bitcoin mining, and high-performance computing data centers.

Why BitGo’s purchase changes its institutional toolkit

The acquisition is aimed at broadening BitGo’s role beyond core custody and infrastructure services into more comprehensive market-facing products. According to the announcement, the transferred business provides derivatives, structured products, financing, and broader capital markets services, and it supports clients such as asset managers, hedge funds, and companies.

BitGo CEO Mike Belshe said the deal will “meaningfully scale” the firm’s trading and infrastructure capabilities and enable it to serve a broader range of institutional clients. The company’s argument is straightforward: institutional clients often need a full stack for portfolio execution—spot and derivatives execution, structured solutions, and financing—rather than a single-service provider.

BitGo’s head of financial infrastructure, Pete Janney, added that the transaction is intended to preserve the execution quality and client service standards the acquired team delivered, while providing additional resources within BitGo’s platform.

What exactly was included in the deal

BitGo described the scope of the acquisition as including both relationships and people. The transaction encompasses NYDIG’s institutional client trading relationships and about 30 employees who joined BitGo, suggesting the integration will focus on continuing existing business lines and client coverage.

While neither company disclosed financial terms, the stated product scope helps clarify what BitGo expects to add. The announcement attributes to the acquired business a suite of offerings that typically sit at the intersection of institutional trading desks and structured finance—namely derivatives and structured products—along with financing and capital markets services.

Strategic shift: NYDIG’s focus moves to energy and compute

Alongside the trading business transfer, the companies said the sale allows NYDIG to concentrate resources on areas tied to its infrastructure footprint. The announcement states that the company will focus on power generation, Bitcoin mining, and high-performance computing data centers.

This matters because NYDIG’s development pipeline—also cited in the announcement—offers a clue about the priorities behind that shift. According to the filing, NYDIG’s development pipeline exceeds 3 gigawatts, including more than 1 GW of capacity expected to be delivered in 2027 and 2028. By reallocating attention away from institutional trading operations, NYDIG may be positioning itself to accelerate buildout and operations in energy and compute rather than maintaining parallel investment tracks.

Signals for institutional crypto clients

For institutions, the practical impact is potential changes to how execution, derivatives access, and financing services are sourced and coordinated. BitGo’s pitch centers on scaling “trading and infrastructure capabilities,” and adding a team and client relationships focused on derivatives and structured products suggests BitGo is trying to meet more of the institution’s needs under one roof.

At the same time, readers should watch how BitGo integrates the acquired business into its existing infrastructure and client workflows. The announcement confirms the transaction closed and provides a general description of the capabilities and staff move, but it does not outline operational details such as specific product roadmaps or integration timelines.

BitGo did not respond to Cointelegraph’s request for additional information by publication, so questions about near-term changes—such as expanded market coverage, any rebranding of product lines, or how clients will be transitioned—remain unanswered in the immediate aftermath.

Moving forward, the most relevant details to track will be how quickly BitGo can translate the acquired derivatives and structured products offering into expanded institutional participation, and whether NYDIG’s infrastructure-forward pivot—supported by its multi-gigawatt pipeline—continues to reshape its role in the broader crypto market. Until more specifics are provided, the deal’s full implications will depend on execution quality, product continuity, and the pace of integration.

AI semiconductor company KLA Corporation has slid 40% since June 30, shedding $160 billion in market capitalization, as its executives and other insiders have disclosed over $64 million worth of sales in SEC filings.

Although the company claims that most of these sales followed regularly scheduled trading plans as part of executive compensation packages, no insiders decided to make any open market purchases during that time.

• President Richard Wallace led the selling at $17.4 million
• CFO Bren Higgins sold $13.9 million
• Executive Vice President Brian Lorig and Officer Mary Beth Wilkinson each sold more than $12 million
• President of Semiconductor Products Ahmad Khan sold $6.6 million
• Senior Vice President Virendra Kirloskar sold $1.8 million

KLA’s stock hit an all-time high of $307.37 on June 30. It closed at $183.77 yesterday.

The corresponding market cap loss was over $160 billion: $401 billion to yesterday’s $240 billion.

Each insider sale occurred on a distinct date and price, so the above transactions did not occur altogether after, but rather during the 40% stock slide.

Buyers who chased KLA during the summer frenzy of AI stocks are now experiencing deep pain. Any $10,000 investment at that June 30 high is now worth less than $6,000.

KLA insiders sell for many reasons, haven’t bought for any reason

Of the sale transactions, the vast majority carried a Rule 10b5-1 representation. Such qualifying trading plans provide a defense to any potential insider trading liability.

These trading plans must be established in advance and operated under the rule’s conditions. These filings do not prove KLA’s insiders foresaw any price decline.

Solana price traded near $106 on Aug. 28 after reaching $110, as strong US ETF inflows and network activity helped SOL defend its breakout despite hotter inflation data.

Solana price retreats after reaching $110

According to data from crypto.news, Solana (SOL) price rose as high as $110 on Aug. 28 before retreating to around $106.25, leaving it approximately 10% above its Aug. 26 opening price of $96.60. SOL briefly fell to $95.23 earlier in the period before buyers restored the uptrend.

The recovery followed a strong advance that began around Aug. 19, when SOL broke out of a prolonged range near $75–$80. The token subsequently cleared $88, $94, and the psychological $100 level as buying pressure accelerated.

Friday’s pullback started after SOL tested the $109–$110 area, where the 4-hour chart shows its latest local high. The decline of about 3.4% from that peak points to profit-taking after the rapid advance rather than a confirmed reversal.

SOL remains above an ascending trendline connecting the higher lows formed since Aug. 19. Its 4-hour Supertrend also remains bullish, with dynamic support at approximately $100.95. A drop below both levels would provide the first warning that the short-term structure is weakening.

The Awesome Oscillator stands at 8.82, well above its neutral line. Its positive reading shows that recent upward momentum remains stronger than the preceding downswings, although the latest red bar suggests the pace has started to cool.

ETF inflows help SOL absorb inflation pressure

Solana’s rebound developed despite US inflation data creating a more difficult backdrop for risk assets. The Bureau of Economic Analysis said the headline Personal Consumption Expenditures price index rose 3.7% annually in July, compared with a 3.6% consensus estimate.

Core PCE increased 0.2% monthly and 3.3% annually, matching forecasts. The slightly hotter headline reading initially pushed bond yields and the US dollar higher as traders reduced expectations for easier Federal Reserve policy. The BEA released the figures on Aug. 26.

SOL fell to $95.23 after the report but recovered quickly as spot demand offset the initial de-risking. US spot Solana exchange-traded funds extended their inflow streak to five sessions through Aug. 24, when they attracted $33.5 million, their largest daily intake of 2026.

The inflow took cumulative net subscriptions to approximately $1.22 billion. Later data reported by CryptoRank placed the streak at seven sessions and cumulative inflows near $1.26 billion.

The reported $126 million figure relates to single-day trading volume for Bitwise’s BSOL fund, rather than net inflows. Separating volume from subscriptions is important because high turnover does not necessarily show that an equal amount of new capital entered the product.

Growing ETF demand gives US investors regulated exposure to SOL without requiring direct token custody. It may also strengthen spot-market demand when fund issuers acquire the underlying asset to create new ETF shares.

Solana network activity strengthens the rally

Network activity has provided a second source of support. Solana processed more than 1.01 billion transactions during one week in August, according to figures reported earlier in the month. The milestone points to high chain usage, although transaction totals can include automated activity and should not be treated as an exact measure of unique users.

Tokenized-equity trading has also expanded. Solana processed $1.298 billion of the $1.324 billion in global onchain equity volume during the week of June 15–21, representing about 95% of the market, according to Solana Compass.

First-half tokenized-stock volume reached a reported $4.9 billion, more than six times the $775 million recorded in the second half of 2025. The comparison shows longer-term growth rather than a sixfold increase during the latest price rally.

SOL’s supply outlook has attracted additional attention as validators consider the Double Disinflation proposal. The plan would increase the annual rate at which inflation declines from 15% to 30%.

Helius said the proposal would move Solana toward its terminal inflation rate of 1.5% by the first half of 2029, compared with 2032 under the existing schedule. Any supply effect remains conditional on the proposal’s approval and implementation.

SOL needs to hold $104 to target $115

The daily chart places SOL just above the 50% Fibonacci retracement level at $104.41. Holding that former resistance as support would preserve the breakout and give buyers another opportunity to challenge $110.

Momentum remains bullish but stretched. The Aroon Up indicator stands at 92.86%, while Aroon Down is 14.29%, confirming that the most recent high is much newer than the latest major low. Chaikin Money Flow is also positive at 0.32, showing that accumulation has outweighed distribution during the measured period.

A confirmed daily close above $110 would expose the 38.2% Fibonacci retracement at $114.88. Clearing that level could extend the rally toward $127.83, while the 4-hour rising trendline points toward the $111–$112 area in early September.

The 24-hour liquidation heatmap shows the closest major overhead liquidity concentrated around $108.50–$109 and near $110.50–$111.50. A move through those zones could force leveraged short positions to close and add momentum to a breakout.

Liquidity is also visible below the market around $104–$105, with deeper concentrations near $102–$103. A loss of $104.41 could therefore pull SOL toward $100.95, followed by the 61.8% Fibonacci level at $93.95.

SOL’s broader setup remains bullish while price holds above $100–$104. However, rejection at $110, stretched daily momentum, and nearby downside liquidity leave the token vulnerable to a deeper reset before any attempt at $114.88 or $127.83.