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Disney’s movie business is reeling — and it risks yet another blow as Marvel actor Jonathan Majors starts his domestic violence case in Manhattan Criminal Court Wednesday.

The 34-year-old “Loki” actor faces charges that he allegedly assaulted his ex-girlfriend, Grace Jabbari, in a March dispute in New York City.

While the actor haspleaded not guiltyto charges of assault and aggravated harassment, the timing couldn’t be worse for Disney, which hasn’t struggled to return to its post-pandemic box office glory.

The lucrative Marvel studio, which is known for churning out blockbuster hits like the “Iron Man” franchise and the wildly successful Avengers: Endgame” that reeled in a whopping $2.8 billion at the box office, has been plagued by a recent spate of box office flops.

The studio’s latest flick, “The Marvels,” which opened on Nov. 10, opened with just $47 million in ticket sales, according to studio estimates.

Variety reported that “The Marvels,” which cost $250 million and sees Brie Larson reprising her role as Captain Marvel, is tracking to open to $75 million-$80 million far below the $185 million Doctor Strange in the Multiverse of Madness took in domestically in its debut weekend last year.   

David A. Gross, who runs the movie consulting firm Franchise Research Entertainment, called it an unprecedented Marvel box-office collapse.

The previous low for a Marvel movie was Ant-Man, which bowed at $57.2 million in 2015.

Critics blamed the pandemic, which not only halted movie-going but also caused Disney to put its Marvel movies on streaming service Disney+, for the change in viewing habits.

Others also called out the grueling schedule that Marvel VFX artists have endured since the pandemic ended by Disney execs who want the cash cow to return to bringing in the big bucks.

Fed up with 14-hour days and no overtime, Marvel VFX workers voted unanimously to unionize in September, sparking an industrywide trend, Variety reported.

Disney execs, including boss Bob Iger, have been “apoplectic” about Marvel’s woes, the publication said.

Earlier this year, Marvel’s “Ant-Man and the Wasp: Quantumania,” starring Majors also proved to be a box office flop grossing $476.1 million worldwide, and became one of the few Marvel flicks to not break even, Variety reported.

The report noted that the movie had a strong start when it debuted on Feb. 17 but fizzled at the box office. Perhaps audiences were turned off by news of Majors’ arrest a month later for allegedly assaulting Jabari inside a private car in Chelsea.

Although Majors’ legal woes and the “Quantumania” flop have worried execs inside Disney, the company has more or less stood by the troubled actor.

The “Creed III” actor has been slated to become the Marvel Cinematic Universe’s overarching new villain, Kang the Conqueror, and he currently remains signed to appear as the supervillain in “Avengers: The Kang Dynasty” in 2026 and “Avengers: Secret Wars” in 2027.

While Majors currently retains his high-profile role with Disney, the Mouse House may be souring on the actor. Newsweek reported that Disney has removed the previously much-hyped Searchlight film “Magazine Dreams,” starring Majors, from its release schedule.

Disney did not return requests seeking comment about whether it will continue to stick by the actor.

Meanwhile, others have peeled away from Majors, who, if convicted on all of the counts hes facing, could spend up to a year in jail.

Following his arrest, Majors was dropped by his publicists, the Lede Company, and management, Entertainment 360, as well as the withdrawal of invites to events, according to Newsweek.

Talent agency CAA also reportedly dropped Majors before his arrest for “brutal conduct” towards its staff, Variety reported in a story detailing Marvel’s issues related to the actor and problems at the studio.

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Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

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Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers.

The move is part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance, according to a May 25 report by local news outlet 24NewsHD TV Channel.

In the first phase, the government plans to channel excess power into AI infrastructure and crypto mining operations. Finance Minister Muhammad Aurangzeb said the decision is expected to attract billions in foreign investment while generating high-tech employment across the country.

The initiative’s second phase will introduce access to renewable energy for mining operations, aiming to balance growth with environmental responsibility.

Related: Trump-backed World Liberty Financial partners with Pakistan Crypto Council

Pakistan unveils tax incentives to attract investors

Per the report, interest from international Bitcoin (BTC) miners and AI firms has already picked up. Officials confirmed that multiple foreign delegations have visited Pakistan in recent months to explore potential partnerships.

To further incentivize investment, the Ministry of Finance announced a package of tax incentives for AI centers and duty exemptions for Bitcoin miners.

Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, reportedly welcomed the development, calling it a “turning point” for the country’s digital economy.

Saqib claimed that with clear regulations and a transparent framework, Pakistan could emerge as a significant player in the global crypto and AI sectors.

Saqib first proposed using the country’s runoff energy to fuel Bitcoin mining at the Crypto Council’s inaugural meeting on March 21.

The meeting included lawmakers, the Bank of Pakistan’s governor, the chairman of Pakistan’s Securities and Exchange Commission (SECP), and the federal information technology secretary.

Related: Pakistan proposes compliance-based crypto regulatory framework — Report

Pakistan creates Digital Asset Authority

On May 21, Pakistan’s Ministry of Finance endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country.

The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing and regulating exchanges, custodians, wallets, tokenized platforms, stablecoins, and decentralized finance applications.

The PDAA will also be tasked with tokenizing national assets and government debt, facilitating monetization of Pakistan’s surplus electricity through regulated Bitcoin mining, and helping startups build blockchain-based solutions at scale.

Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, coming in ninth, mainly due to strong retail adoption and transactions at centralized services.

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers
Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, coming in 9th. Source: Chainalysis

Data from Statista also shows Pakistan’s crypto market is “experiencing rapid growth,” estimating the number of crypto users to amount to over 27 million by 2025, out of a population of 247 million.

Magazine: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, May 18 – 24

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Crypto investor charged with kidnapping, torturing an Italian for passwords

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Crypto investor charged with kidnapping, torturing an Italian for passwords

Crypto investor charged with kidnapping, torturing an Italian for passwords

A Manhattan crypto investor is facing serious charges after allegedly kidnapping and torturing an Italian man in a disturbing bid to extract access to digital assets.

John Woeltz, 37, was arraigned on Saturday in Manhattan criminal court following his arrest on Friday. He stands accused of holding a 28-year-old Italian man captive for weeks inside a luxury townhouse in Soho, reportedly rented for $30,000 per month.

According to police reports cited by The New York Times, the victim arrived in the US on May 6 and was allegedly abducted by Woeltz and an accomplice.

The attackers are said to have stolen the man’s passport and electronic devices before demanding the password to his Bitcoin (BTC) wallet. When he refused, the suspects allegedly subjected him to prolonged physical abuse.

Crypto investor charged with kidnapping, torturing an Italian for passwords
Source: Mario Nawfal

Related: Violent crypto robberies on the rise: Six attacks that targeted investors

Crypto victim beaten, electroshocked

The victim described being beaten, shocked with electricity, assaulted with a firearm and even dangled from the upper floors of the five-story building.

He also told police that Woeltz used a saw to cut his leg and forced him to smoke crack cocaine. Threats were also reportedly made against his family.

Photographic evidence found inside the property, including Polaroids, appears to support claims of sustained abuse. The victim managed to escape on Friday and alert authorities, leading to Woeltz’s arrest.

Woeltz was charged with four felony counts, including kidnapping for ransom, and entered a plea of not guilty. Judge Eric Schumacher ordered him to be held without bail. He is expected back in court on May 28.

A 24-year-old woman was also taken into custody on Friday in connection with the incident. However, she was seen walking freely in New York the next day, and no charges against her were found in the court’s online database.

Authorities have yet to clarify the relationship between the suspect and the victim or whether any cryptocurrency was ultimately stolen.

Related: Crypto crime goes industrial as gangs launch coins, launder billions — UN

Crypto executives turn to bodyguards

Executives and investors in the crypto industry are increasingly seeking personal security services as kidnapping and ransom cases surge, especially in France.

On May 18, Amsterdam-based private firm Infinite Risks International reported a rise in requests for bodyguards and long-term protection contracts from high-profile figures in the space.

French authorities have responded by introducing enhanced protections for crypto entrepreneurs and their families, including security briefings and priority access to police assistance.

This comes amid a recent surge in kidnappings and ransom attempts. David Balland, the co-founder of hardware wallet company Ledger, was kidnapped in January 2025 and held for ransom for several days before being rescued by French police.

In May 2024, the father of an unnamed crypto entrepreneur was freed from a ransom attempt after French law enforcement officials raided the location in a Paris suburb where the individual was being held hostage by organized criminals.

Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express

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Gail’s backer plots rare move with bid for steak chain Flat Iron

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Gail's backer plots rare move with bid for steak chain Flat Iron

A backer of Gail’s bakeries is in advanced talks to acquire Flat Iron, one of Britain’s fastest-growing steak restaurant chains.

Sky News has learnt that McWin Capital Partners, which specialises in investments across the “food ecosystem”, has teamed up with TriSpan, another private equity investor, to buy a large stake in Flat Iron.

Restaurant industry sources said McWin would probably take the largest economic interest in Flat Iron if the deal completes.

They added that the two buyers were in exclusive discussions, with a deal possible in approximately a month’s time.

The valuation attached to Flat Iron was unclear on Sunday.

Flat Iron launched in 2012 in London’s Shoreditch and now has roughly 20 sites open.

The chain is solidly profitable, with its latest accounts showing underlying profits of £5.7m in the year to the end of August.

It already has private equity backing in the form of Piper, a leading investor in consumer brands, which injected £10m into the business in 2017.

Flat Iron was founded by Charlie Carroll, who retains an interest in it, but the company is now run by former Byron restaurant boss Tom Byng.

Houlihan Lokey, the investment bank, has been advising Flat Iron on the process.

McWin has reportedly been in talks to take full control of Gail’s while TriSpan’s portfolio has included restaurant operators such as the Vietnamese chain Pho and Rosa’s, a Thai food chain.

A spokesman for McWin declined to comment.

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