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Marathon Digital HoldingsInc MARA shares are trading lower. Late Wednesday, the company announced the completion of privately negotiated convertible note exchanges.

What Happened: Marathon Digital said itcompleted the pricing period of itsprivately negotiated exchange agreements with certain holders of its1% convertible senior notes due in 2026.

Marathon exchanged$417 million worth of the notes for31.7 million newly issued shares ofcommon stock. As a result, the company reduced long-term debt by 56% and now has $331 million in outstanding notes.

"For the first time in two years, Marathon's combined cash and bitcoin holdings now exceed its convertible debt. By generating savings that exceed the value issued in equity, improving our liquidity, and deleveraging the balance sheet, we believe we have significantly strengthened Marathon's financial profile,"said Salman Khan, CFO of Marathon Digital.

Marathon Digital operates as aBitcoin BTC/USD miner.The companyowns mining machines and a data center fordigital assets.

Check This Out:Watch: Rare Video Of Bitcoin Pioneer Hal Finney's 1998 Talk On Zero-Knowledge Proofs Resurfaces

MARA Price Action: Marathon Digital shares were down 3.88% at $8.91 at the time of publication, according toBenzinga Pro.

Photo:Miloslav Ham?from Pixabay.

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Cassie’s mum describes Diddy’s sex tape threats – as ‘The Punisher’ gives testimony

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Cassie's mum describes Diddy's sex tape threats - as 'The Punisher' gives testimony

The mother of Cassie Ventura has told a court she felt “physically sick” when her daughter told her Sean “Diddy” Combs had threatened to “release two explicit sex tapes” after discovering his long-time girlfriend was dating someone else.

Giving evidence on Tuesday, the seventh day of the trial, Regina Ventura said she did not initially understand the email Cassie sent her in December 2011, saying, “The sex tape threw me, [Diddy] was trying to hurt my daughter.”

The email said Combs was planning to release two explicit videos of her and send someone to hurt her and the man she was seeing, rapper Kid Cudi, whose real name is Scott Mescudi.

Regina said the family took out a home equity loan and paid Diddy $20,000 to recoup money he had spent on Cassie “because he demanded it,” angry that Cassie was now dating Cudi.

She said the money was returned days later.

During her evidence, jurors were shown photographs of bruises on Cassie’s body Ms Ventura said were taken when her daughter returned home for Christmas in 2011.

Regina’s time on the stand was fairly brief, as the defence declined the opportunity to question her.

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Cast member Scott Mescudi, A.K.A. Kid Cudi, attends the global premiere of the television miniseries "Knuckles" at Leicester Square, in London, Britain, April 16, 2024. REUTERS/Maja Smiejkowska
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Scott Mescudi, aka Kid Cudi, who dated Cassie in 2011. Pic: Reuters

Sean ‘Diddy’ Combs trial: Day 7 – As it happened

Prosecutors say Combs, the founder of Bad Boy Records, forced women to take part in days-long, drug-fuelled sexual performances known as “Freak Offs” from 2004 to 2024, facilitated by his large retinue of staff. Combs, 55, has pleaded not guilty.

The rapper faces five criminal counts: one count of racketeering conspiracy; two counts of sex trafficking by force, fraud or coercion; and two counts of transportation to engage in prostitution.

Musician Sean Coombs and Cassie Ventura arrive at the Metropolitan Museum of Art Costume Institute Gala 2015 celebrating the opening of "China: Through the Looking Glass," in Manhattan, New York May 4, 2015. REUTERS/Lucas Jackson
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Combs and Cassie pictured in 2015. Pic: Reuters

Last week, the prosecutors’ star witness, Cassie Ventura, who dated Combs for over a decade, spent four days giving evidence.

Combs’s legal team has sought to show jurors that his relationship with Ventura was complicated, and while they acknowledge he was an abusive partner, and had substance issues, they say the sex acts described by the prosecution were consensual.

Read more:
Everything you need to know about the Sean Combs trial

The rise and fall of Sean ‘Diddy’ Combs

‘Diddy wanted our bodies to shine’

A male exotic dancer nicknamed “The Punisher” also gave testimony, telling jurors that in the autumn of 2012, Cassie contacted him asking him to “create a sexy, erotic scene” Diddy, and using the pseudonym “Janet”.

Male exotic dancer Sharay Hayes, arrives at the Federal courthouse to testify in the Sean "Diddy" Combs' sex trafficking and racketeering conspiracy trial at U.S. court in Manhattan, in New York City, U.S., May 20, 2025. REUTERS/Brendan McDermid
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Male exotic dancer Sharay Hayes, aka The Punisher. Pic: Reuters

Sharay Hayes said he went on to have eight to 12 more encounters with the couple, having sex with Cassie, while Diddy watched from a distance.

He described the hotel rooms as routinely being dressed with electric candles and sheet-covered furniture, and says Cassie told him not to “acknowledge” her husband, and to “try not to look at him and no communication”.

He says Diddy would often wear a cap, and he could not see his face, but he later realised it was the famous rapper.

“The Punisher” mentioned using a “considerable amount of baby oil” during the performances, saying “[Diddy] wanted us to keep our bodies covered, to shine”.

He later described the acts as “a fetish type thing,” and while he said he believed Cassie was fully consensual, he also said he “did occasionally see her sigh or wince” and said she would frequently look at Diddy “for cues”.

Paid between $1,200 (£900) and $2,000 (£1.500) for each performance, he said he was not called back after struggling to get an erection during one encounter.

He said he never saw Diddy use drugs or saw filming during any of the performances.

Car park dispute with Suge Knight

David James, Diddy’s ex-personal assistant, also completed his evidence and testified that he never saw physical violence between Cassie and his former boss.

David James, a former assistant for Sean “Diddy” Combs, exits after testifying at the Federal courthouse to testify in the Sean "Diddy" Combs' sex trafficking and racketeering conspiracy trial at U.S. court in Manhattan, in New York City, U.S., May 20, 2025. REUTERS/Brendan McDermid
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David James, Combs’s former assistant. Pic: Reuters

James, who worked for Diddy for two years, said he left Diddy’s employment after he realised his “life was in danger” following a dispute in a car park with rival record label owner Suge Knight, which culminated in Diddy bringing three handguns to try to find Knight and his entourage.

He also detailed an altercation between Diddy and his personal chef, Jourdan Atkinson, and said he refused to file a police report after Diddy told him to say “Chef Jourdan hit him first”.

The final person to give evidence was a special agent responsible for planning the March 2024 raids on Combs’s Miami home on Star Island.

Steve Gannon showed photos of items taken during the raid, including sex toys, high heels and loaded guns, and explained how an armoured vehicle was used to break down the mansion’s front gate to gain entry while the family was away on a trip.

Combs has been held in the Metropolitan Detention Center in Brooklyn since September and faces at least 15 years or possibly life in prison if convicted.

The trial is set to last for around two months.

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UK

Shouts of ‘genocide’ in Commons as David Lammy denounces Israel’s ‘intolerable’ actions in Gaza

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Shouts of 'genocide' in Commons as David Lammy denounces Israel's 'intolerable' actions in Gaza

The foreign secretary has denounced Israel’s actions in Gaza as “intolerable” but stopped short of saying it had committed genocide.

MPs could be heard shouting “genocide” in the Commons chamber as David Lammy announced the government was suspending its trade negotiations with Israel and summoning Tzipi Hotovely, Israel’s ambassador to the UK, to the Foreign Office.

The UK has also sanctioned a number of individuals and groups in the West Bank which it says have been linked with acts of violence against Palestinians – including Daniella Weiss, a leading settler activist who was the subject of Louis Theroux’s recent documentary The Settlers.

Politics latest: Starmer says sorry for being ‘overly rude’ at PMQs

Israel immediately criticised the UK government actions as “regrettable” and said the free trade agreement talks, which ministers have now backed out of, were “not being advanced at all by the UK government”.

Oren Marmorstein, a spokesperson for the Israeli foreign affairs ministry, said: “If, due to anti-Israel obsession and domestic political considerations, the British government is willing to harm the British economy – that is its own prerogative.”

Mr Lammy’s intervention came in response to Israel ramping up its latest military offensive in Gaza and its decision to limit the amount of aid into the enclave.

Tom Fletcher, head of the UN Office for the Coordination of Humanitarian Affairs, accused Israel of “deliberately and unashamedly” imposing inhumane conditions on Palestinians by blocking aid from entering Gaza more than 10 weeks ago.

He also told the UN’s security council last week that it must “act now” to “prevent genocide” – a claim that Israel has vehemently denied.

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Aftermath of strike on Gaza school-turned-shelter

Speaking in the Commons, the foreign secretary said the threat of starvation was “hanging over hundreds of thousands of civilians” and that the 11-week blockade stopping humanitarian aid reaching Gaza was “indefensible and cruel”.

Israeli Prime Minister Benjamin Netanyahu has agreed to allow a limited amount of aid into the besieged enclave in response to global concern at reports of famine.

Mr Lammy said Mr Netanyahu’s govenrment was “isolating Israel from its friends and partners around the world, undermining the interests of the Israeli people and damaging the image of the state of Israel in the eyes of the world”.

“We are now entering a dark new phase in this conflict,” Mr Lammy added.

“Netanyahu’s government is planning to drive Gazans from their homes into a corner of the strip to the south and permit them a fraction of the aid that they need.”

Referring to one of the far-right ministers in Mr Netanyahu’s government, he said Bezalel Smotrich “even spoke of Israeli forces cleansing Gaza, destroying what’s left of residents, Palestinians being relocated, he said, to third countries”.

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Surgeon compares Gaza to ‘killing fields’

MPs from across the house shouted “genocide” as Mr Lammy said: “We must call this what it is. It is extremism. It is dangerous. It is repellent. It is monstrous and I condemn it in the strongest possible terms.”

In the Commons, a number of Labour MPs urged the government to go further against Israel.

Yasmin Qureshi, the Labour MP for Bolton South and Walkden, said there needed to be a “full arms embargo” and said: “Can I ask the foreign secretary what additional steps he’s going to be taking in order to stave off this genocide?”

Another Labour MP told Sky News that while the statement was “better than previously…without a concrete timeline and a sanctioning of responsible ministers, it’s hard to know what tangible difference it will make.”

Read more:
British surgeon in Gaza says it is now ‘a slaughterhouse’
Gaza at mercy of what comes next – analysis
How Israel has escalated Gaza bombing campaign

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Israeli officials have said its plans to seize all of Gaza and hold it indefinitely. – which would move the civilian population southward – will help it achieve its aim of defeating Hamas.

Israel also believes the offensive will prevent Hamas from looting and distributing humanitarian aid, which it says strengthens the group’s rule in Gaza.

Mr Netanyahu has defended Israel’s actions in Gaza and reacted angrily to a joint statement penned by the leaders of the UK, France and Canada, in which they urged Israel to end its military offensive in Gaza and lift restrictions on humanitarian aid allowed into the enclave.

The Israeli prime minister said: “By asking Israel to end a defensive war for our survival before Hamas terrorists on our border are destroyed and by demanding a Palestinian state, the leaders in London, Ottawa and Paris are offering a huge prize for the genocidal attack on Israel on October 7 while inviting more such atrocities.

“No nation can be expected to accept anything less and Israel certainly won’t. This is a war of civilisation over barbarism. Israel will continue to defend itself by just means until total victory is achieved.”

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‘Khan Younis looks like Stalingrad’: British doctor in Gaza describes horror – and has message for world leaders

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'Khan Younis looks like Stalingrad': British doctor in Gaza describes horror - and has message for world leaders

A British doctor working in Gaza has urged world leaders to “stop talking and do something” as he described how people are starving and the “massive extent of destruction”.

Dr Tom Potokar – who has compared Gaza to a “slaugherhouse” because of the bombardment by Israeli forces – is part of a group of British specialist doctors and surgeons currently working in Khan Younis.

Gaza latest: UK halts trade talks with Israel

Palestinians struggle to get donated food at a community kitchen in Khan Younis. Pic: AP
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Palestinians struggle to get donated food at a community kitchen in Khan Younis. Pic: AP

Sky News spent two days filming with them in Nasser and Amal hospitals – two of the last functioning hospitals in southern Gaza.

They are plastic surgeons and orthopaedic specialists. The operating theatres are a rare zone of calm as the medics work with the war outside and a constant stream of wounded needing urgent treatment.

All the patients are malnourished. Children are suffering the worst. The lack of food and water has made them weak and more vulnerable to their injuries.

Hospitals in Gaza have repeatedly come under attack during the war. The Israel Defense Forces (IDF) claims Hamas has been hiding in them or in tunnels underneath.

Nasser hospital hasn’t escaped. The burns unit was one of the busiest parts of the hospital, until it was destroyed in an airstrike.

The doctors sleep and spend downtime in small living quarters within the hospital itself. Food is one ready meal a day, only 400 calories. The 11-week blockade is affecting everyone.

Destruction in the burns unit at Nasser hospital
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Destruction in the burns unit at Nasser hospital

A baby brought into the burns unit at Nasser hospital
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A baby is brought into Nasser hospital to be treated for burns

Dr Potokar was working in the European hospital on the western edge of Khan Younis but had to evacuate last week when it came under missile fire and had to close.

He went to Amal hospital next to Nasser and is working again.

He says he’s seen a dramatic change since he was last in Gaza shortly after the Hamas attack on 7 October 2023.

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Aftermath of strike on Gaza school-turned-shelter

“The difference this time I think is the intensity,” he says.

“Back in October to December ’23 was the last time I was here, there was a lot of wounded, and it was very intense as well.

“I think the difference this time is because of the blockade there’s so little stuff getting in, there’s no food getting in so people are starving, there’s very little medical supplies coming in but also the other very noticeable thing is the massive extent of destruction – I mean Khan Younis looks like Stalingrad.”

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Surgeon compares Gaza to ‘killing fields’

Speaking about what he has witnessed in Gaza, Dr Potokar added: “What can you say, it’s horrific, it’s a slaughterhouse. That’s what it is, it’s a slaughterhouse.”

He also urged world leaders to “stop talking and do something”.

Read more:
What aid has entered Gaza and where is it going?
Dad wrongly pronounced dead in 2014 is killed in airstrike

Dr Tom Potokar holds the ready meals the doctors eat
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Dr Potokar holds ready meals in the hospital

Dr Tom Potokar with a patient at the Amal hospital
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The British doctor with a patient at the Amal hospital

The United Nations says 100 aid trucks were cleared for entry into Gaza on Tuesday, but Tom Fletcher, a former British diplomat who now heads the UN Office for the Coordination of Humanitarian Affairs, warned that 14,000 babies could die in the next 48 hours if they don’t receive urgent aid.

On Monday evening, the IDF-declared combat zone was only a few streets from the Nasser hospital. Drones flew low overhead through the day.

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British surgeon records video diary from Gaza

“An evacuation order for most of Khan Younis went out today, which meant we lost several members of the team,” said Dr Victoria Rose, a plastic surgeon.

“My anaesthetic nurse and Graeme’s orthopaedic colleague had to leave us mid-case to go and evacuate their families to an area of safety.”

Dr Graeme Groom added: “These are people just like you and me, they have their homes, their families, they live normal lives, many are very impressive people and without notice they have to pick up a grab bag and leave… look for food, look for water, look for shelter, but turn up at work each day.”

Dr Graeme Groom in Khan Younis
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Dr Graeme Groom in Khan Younis

With the Israeli military operation getting closer, the doctors are also prepared to evacuate at short notice.

Essential supplies have been gathered and packed ready in a storeroom.

But Nasser hospital has the last remaining ICU department in the whole of southern Gaza – one of only two with a working oxygen supply. If it must be evacuated, then the remaining temporary field hospitals would likely be overwhelmed and unable to cope.

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