News 

The Knicks should pick up Frank Ntilikina’s fourth year option

“If the Knicks fail to exercise the option, then Ntilikina becomes an unrestricted free agent at the end of the year” writes The Ghost Of for postingandtoasting.com. Even assuming they keep some of these free agent bros, they’d still have plenty of wiggle room under the cap after exercising Ntilikina’s option.The Knicks, and any team looking to trade for Frank, would lose that advantage if his option isn’t exercised. Source: postingandtoasting.com

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Brokers News 

A startup real estate broker that puts a twist on commissions just raised $2 million in seed funding led by an early Compass investor

“Prevu, an online real estate broker that began operations in New York City in 2017, just raised $2 million in a seed round led by Corigin Ventures, which was also an early investor in $6.4 billion brokerage Compass” writes Alex Nicoll for businessinsider.com. Prevu is exclusively for home buyers, and says it offers up to a 66% rebate on the 3% commission typically collected by a buyer’s agent.The rebate means agents make less per transaction, but the company said that their average agent makes 36 deals a year. Source: businessinsider.com

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Crypto News 

Bitwise Taps BNY Mellon As Transfer Agent for Its Bitcoin ETF

“Bitwise has tapped Bank of New York Mellon to serve as the administrator and transfer agent for its proposed bitcoin exchange-traded fund (ETF)” reports coindesk.com. The company filed an amendment to its Bitwise Bitcoin ETF S-1 form on Wednesday, listing BNY Mellon as the administrator and ETF custodian, Foreside Fund Services as the marketing agent and Cohen & Co. as an auditor.The company has not yet named a bitcoin custodian for the trust its ETF would be built on.In other words, the trust would be taxed similarly to the underlying…

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News 

Spies living openly after defecting from Russia happens ‘far more often than people would think,’ intelligence sources say

“Two former FBI officials told NBC News that they think the man in Virginia is the intelligence asset” writes Mitch Prothero for businessinsider.com. But all three noted that Russian intelligence assets tend to keep their identities intact after defection despite usual pleas from their handlers to adopt fake names and go into hiding.A former Russian official whose background matches descriptions of a high-level CIA spy hurriedly extracted from Russia has been living openly outside of Washington, DC under his own name.Intelligence sources told Insider that such a situation — a…

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News 

As millennial shoppers choose comfort over seduction, Victoria’s Secret’s ‘sexy’ strategy is sending them into a slump

“Additionally, a 2018 YouGov survey among 18 to 49-year-olds showed that people are increasingly perceiving the Victoria’s Secret brand negatively” writes Valentina Resetarits for businessinsider.com. In 2017, the British brand Agent Provocateur, which was known for its extremely provocative advertisements, had to file for bankruptcy. Source: businessinsider.com

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News 

US intelligence turncoat gets 15 years for selling secrets to China

“A former U.S. intelligence officer has pleaded guilty to spying on behalf of China and agreed to a 15-year prison sentence, federal officials announced Friday” reports washingtonexaminer.com. Like the similarly-named Robert Philip Hanssen before him — the infamous former FBI agent who spied for the Russians from 1979 to 2001 — the Utah native was paid handsomely for the information.Chinese agents recruited Ron Rockwell Hansen in early 2014 and paid him hundreds of thousands of dollars.A new federal law bans the use of Chinese telecommunications systems by the U.S. government,…

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News 

Lakers considered trading LeBron James during Anthony Davis saga

“On Saturday, during an ESPN on ABC broadcast, former NBA coach and ESPN commentator Jeff Van Gundy unpromptedly floated the idea of the Los Angeles Lakers trading LeBron James” writes Mar Pdt for silverscreenandroll.com. What if the Lakers privately kicked around the idea of trading James?. Moving on from James would also effectively end their pursuit of Davis because he and James share the same agent. Source: silverscreenandroll.com

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News 

NBA trade rumors: ‘There’s no way’ Anthony Davis is being dealt to Lakers

“According to The Undefeated’s Marc Spears (via Pro Basketball Talk), there is “no way” the Pelicans will trade Davis to the Lakers” writes Sporting News for sportingnews.com. New Orleans could still trade Davis, and the Celtics are among the teams hoping to get the center in a deal.Now, is that to say the Pelicans don’t trade Davis to another team and then that team deals him to Los Angeles?. Davis’ agent, Rich Paul, told ESPN he would not sign an extension with the team and prefers to be traded. Source: sportingnews.com

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