Summary CCCM's merger with ProCap BTC values Bitcoin holdings at a steep premium, disadvantaging SPAC investors compared to direct BTC or ETF exposure. Deal structure favors preferred equity and the sponsor, leaving SPAC shareholders with less than their fair share and significant downside if BTC falls. Post-merger strategy lacks clarity on building a real operating business, and the capital structure limits flexibility to capitalize on BTC price moves. Despite long-term skepticism, CCCM offers a low-risk, short-term trade opportunity with limited downside and potential upside before the redemption deadline. This week, SPAC (special purpose acquisition company) Columbus Circle Capital Corp. I ( CCCM ) announced plans to merge with ProCap BTC LLC. As a SPAC, CCC is just a pile of cash; ProCap is essentially just a pile of Bitcoin. At the current CCCM stock price of $10.73, and the current BTC price of just over $107,000, the merger values each dollar in ProCap's Bitcoin stash at about $1.43. Whether that's a good deal is a matter of perspective. One view is that paying $1.43 in cash for $1 in Bitcoin is ludicrous on its face. Investors can buy Bitcoin for pretty close to $1, whether via direct ownership or an exchange-traded fund. ProCap's structure does suggest some leverage to the BTC price, but that leverage is not guaranteed, and investors have myriad ways to gain levered exposure to Bitcoin, all of which appear to be lower-cost. The contrary view, however, is that 1.43:1 is actually a pretty good ratio for what have become known as Bitcoin treasury companies. The pioneer and the largest of the group obviously is Strategy ( MSTR ), which has an enterprise value 1.87x the value of its Bitcoin holdings. There's some value in Strategy's legacy software business, but at this point not much; even accounting for those operations, the premium here is in the range of 80%. Other companies (130, per the CCC/ProCap merger presentation) have executed similar strategies in Bitcoin and other coins and gotten bigger premiums; Metaplanet ( OTC:MTPLF ) is valued at nearly 5x its Bitcoin stash . The problem for ProCap, however, is that the initial response to the deal itself suggests the post-merger entity is not likely to follow the MSTR path, let alone that of Metaplanet. Meanwhile, ProCap chief executive officer Anthony Pompliano, a longtime investor (and Twitter/X personality and podcast host), has made some comments about creating an operating business here as well, but it's not clear exactly that is supposed to be. To top it off, the structure of the capital raise beyond the SPAC cash suggests a real possibility of a wave of pre-merger redemptions. All told, it's hard to have too much optimism about the post-merger entity here. But with CCCM stock not that far above the redemption price, there is an interesting pre-merger trade to be had, with a low-risk option on a spike in BTC and/or a return to a more optimistic outlook toward crypto treasury companies more broadly. The Deal Structure For CCCM Stock The post-merger ProCap will have $1 billion in capital, raised from three sources : CCCM/ProCap merger presentation, June 2025 The SPAC has $256 million in cash in trust, thanks to a $250 million initial public offering last month. The $517 million in equity already has been raised, with most of the funds used to buy BTC over the last two days. The convertibles will be issued at the merger close. On its face, this doesn't seem like a bad deal: ProCap is raising $1 billion and buying just shy of 9,500 BTC (note that the presentation was based on a BTC price of $100,000). But a closer look shows that SPAC investors are being disadvantaged here. It also explains why the initial optimism toward the deal, spiked by leaked details to the Financial Times , has faded so dramatically: Data by YCharts Notably, the preferred equity is getting into the SPAC at $8 per share (each preferred stock unit converts to common stock at a 1.25x ratio ). The notes convert at $13 per share, but they're also 2x collateralized by Bitcoin (or cash, but as seen above the post-merger ProCap will have minimal cash). Paying $10.70 For $7.50 (Or Less) Because of both the discount offered the preferred equity holder and a pretty substantial promote for Pompliano, CCCM investors wind up getting what looks like less than their fair share: CCCM/ProCap merger presentation, June 2025 In the indicative example, with the BTC price at $100,000, post-merger ProCap would be have a net asset value of $955 million ($950 million in BTC plus $5 million in cash). SPAC shareholders would get 19.7%, or $188 million; even at $10, the premium is about 1.33x. In reality, the numbers are a bit different. ProCap already has purchased 4,932 BTC this week for a total of $514 million. That leaves $436 million in cash (from the SPAC and the converts), for an NAV of $950 million, or a per-share NAV of $7.50. The current price of $10.70 is thus about a 1.43x premium. But even that is a bit inflated, because it assumes the convertibles actually convert into stock. Treat the converts as debt (as would be the case with CCCM and/or the post-merger stock below $13) and NAV is actually $715 million across 108.6 million shares. That's a per-share figure of just $6.58, suggesting a current premium of about 63%. (It's also an example of just how important the convertibles actually converting is to the success of the treasury plan.) Two Post-Merger Problems For Columbus Circle Capital I The structure here creates two problems assuming the merger goes through. The first is looking to the downside and upside. Even if the cash from the SPAC and the converts buys BTC at $100K (adding 4,910 BTC, essentially doubling the current stash), a move in the Bitcoin price to $80K would leave net asset value somewhere around $550 million (again, treating the converts as debt, so 108.6 million shares outstanding and $230M in net debt). Net asset value here is a little over $5; in this scenario, it's not hard to imagine CCCM dropping below $7. In other words, the downside here is amplified even with some kind of treasury premium: a ~25% decline in Bitcoin leads to a 35%-plus drop in CCCM stock. But the converse is not necessarily true. The SPAC agreement includes "adjustment shares", which will be issued to the sponsor and the preferred equity investors if BTC rises between now and the close. Basically, their number of shares increases by the same percentage BTC does . Imagine, for instance, BTC doubling; the share of equity owned by SPAC shareholders in the post-merger ProCap drops by half . NAV ($7.50 per share assuming conversion) only goes to about $10; at the same premium, CCCM stock would be worth less than $15. For this to work, then, the premium has to expand . In theory, post-merger this can happen (and indeed it has happened for MSTR, which has consistently outpaced Bitcoin). But part of the reason Strategy has outperformed is that it keeps adding to its Bitcoin haul on the way up. It would seem that ProCap has designs on a similar strategy (no pun intended). The issue is that the post-merger structure means that the company will have no cash to adjust its holdings. Pompliano and ProCap claim to have a workaround, however, as witnessed by the last two bullet points on this slide: CCCM/ProCap merger presentation, June 2025 The problem is that the strategy here, such as it is, is basically to buy (Bitcoin) low and sell (CCCM stock) high. In bullet point #2, "Strategically rais[ing] capital during favorable market cycles to scale our Bitcoin holdings" means that ProCap will issue equity and/or converts when the demand is there. "Tactical accumulation, including strategic dips, volatility harvesting, and programmatic purchases aligned with macro signals and capital cycles" is a long way of saying that ProCap wants to buy the coin low. Buying low and selling high perhaps can work for an expert trader. For a publicly traded company, however, it's a much more difficult endeavor. Is ProCap going to have an at-the-market offering that just dumps shares every time the premium to BTC expands? That seems like an instantly recognizable and consistent overhang. Is it in turn going to buy every dip in BTC? That's certainly been a smart strategy for the past 15-plus years, but, again, ProCap has to actually raise the cash to make those buys. More broadly, there's no real evidence that Pompliano (or his associates) have the acumen to move into Bitcoin and out of the stock in a way that is accretive to shareholder value rather than investment bank and exchange fees. To be fair, Pompliano has said that ProCap will build a business on top of the Bitcoin stash. As he told CNBC in an interview : I believe that the future of these companies is going to be how do you build revenue and profit with financial services on top of that. No different than if you look at the traditional financial service firms. They have a balance sheet of dollars, and they go and they build these financial services on top that drive revenue and profit. I think that you still have to build a business on top of a big pile of Bitcoin. But there's been zero discussion of what these "financial services" are supposed to be. Pompliano told CNBC that he and ProCap "sit at the intersection between the Internet and the Bitcoiners and the institutional world." That's been a good business for Pompliano personally — he himself is investing $8.5 million in the deal — but there is no real evidence that positioning will create a good business for ProCap shareholders. Owning CCCM And Not ProCap And yet, with the pullback below $11, there is an intriguing potential trade here. The merger presentation cited $256 million in trust value for the CCCM SPAC, meaning redemption value should be $10.24 per share. That suggests 4%-5% downside from the current level (the cash in trust will increase over time as interest is accrued, but investors still will be down 4%-5% relative to simply holding a money market fund or short-term Treasuries). That's not a terrible downside given that there is some potential upside between now and when the redemption deadline for the merger arrives. A sharp rally in BTC would probably bleed over here. Meanwhile, the merger presentation points out Pompliano's impressive online reach. At least from a Twitter/X search, Bitcoin fans seem mostly disappointed with the deal , (trading in CCCM obviously suggests the same) but Pompliano has the time and the megaphone to change sentiment. Indeed, we've already seen a similar trade work in another SPAC, Colombier Acquisition Corp. II ( CLBR ). CLBR too saw an early retail-driven rally (this one being more political; Donald Trump Jr. is involved with its target, GrabAGun) that faded, only to bounce back strongly. When I covered the name in February, CLBR was barely above its redemption price; it's since gained 35%. CLBR was probably a better trade than CCCM; the structure here (particularly as the adjustment shares are understood) seems like it's leading toward a quite high redemption rate. Given that the premium to BTC for a treasury company is based on sentiment, the early response to the merger announcement itself is a red flag longer-term. But with 4-5% downside, and the volatility inherent in anything remotely exposed to crypto, CCCM seems like an interesting trade, too — at least until shares no longer can be redeemed. After that, the outlook looks much murkier, and much worse.
Stablecoins have emerged as the dominant settlement layer for internet transactions, surpassing Visa and Mastercard in onchain volume. This shift reflects the growing adoption of stablecoins for fast, secure, and
Bitcoin is increasingly recognized as a crucial financial lifeline for individuals living under authoritarian regimes, offering a secure alternative to oppressive state-controlled systems. Human Rights Foundation executive Alex Gladstein highlighted
The Ethereum price is currently at a fascinating crossroads, with technical indicators suggesting a major rally past $3,000 is on the horizon, fueling ETH news of a potential run to $10,000 in 2025. Yet, a complex battle is brewing between bullish institutional buyers and a record number of short positions. Amidst this tug-of-war, the surging volume of dynamic new token Remittix (RTX) on its network may be the ultimate signal of the ecosystem’s underlying health and its capacity for explosive growth. An emerging gem forged for growth Remittix (RTX), an innovative ERC20 token, is building a formidable competitive moat, which explains its growing attention from savvy investors. The foundation of this moat is its powerful real-world utility, a direct challenge to the inefficient and often expensive cross-border payments industry. It’s an engineered solution to a tangible, everyday problem for businesses and individuals worldwide, giving it a layer of fundamental demand that speculative assets lack. To reinforce its powerful mission, Remittix’s economic design directly addresses key investor concerns about long-term stability. Furthermore, Remittix is building a deeply engaged community, not just attracting users. Its structured VIP program goes beyond simple token ownership, offering tangible benefits like high-yield staking and exclusive perks. This approach is designed to cultivate a loyal user base that is a true partner in the project’s growth. This powerful combination of utility, smart tokenomics and community engagement is what fuels Remittix’s fundamentals-driven momentum. Ethereum ‘s high-stakes market battle Meanwhile, a potent storm of bullish signals is gathering around Ethereum (ETH), led by the imminent formation of a “Golden Cross” a technical pattern that has historically preceded monumental rallies. This is amplified by immense institutional conviction, with whales recently executing their largest daily buy since 2018 and spot Ether ETFs seeing record-breaking inflow streaks. Yet, this bullish case runs headfirst into a formidable wall of mountains of bearish pressure. So, what could propel the Ethereum price past these headwinds toward the ambitious $10,000 target in 2025? The answer lies in fundamental ecosystem growth and continued institutional adoption. The recent ETH news has been dominated by positive developments on both fronts. Santiment analyst Brian Quinlivan noted a “high level of optimism toward Ethereum,” highlighting that the asset has been “playing catch-up” since mid-April. It’s this powerful combination of fundamental upgrades and sustained institutional demand that fuels the more audacious long-term forecasts and makes a $10K ETH a plausible scenario for 2025. At this point, the Ethereum price is nowhere near $10k. Source: CoinMarketCap A Strategic choice amidst Ethereum’s volatility Recent ETH news paints a picture of a titan’s battle, making the choice for investors one of strategic preference. A direct bet on the Ethereum price means buying into a high-stakes conflict where powerful bullish forces, like whale buying and the Golden Cross, face off against a formidable wall of short positions. The outcome is uncertain and promises volatility. In contrast, Remittix presents a more focused, fundamentals-driven narrative. Its growth is tied to the successful execution of its own roadmap and capturing a specific market, offering a clearer trajectory to explosive gains, even as the daily ETH news continues to report on the broader market war. Is this new token the ultimate ETH beta play? Amidst the battle for Ethereum’s future, the explosive growth of new ERC20 token Remittix (RTX) signals the ecosystem’s underlying health. Its successful $15.8 million+ presale proves strong demand for new utilities on Ethereum. For investors, this makes Remittix with its mission to disrupt global payments and its 1000%+ growth forecasts arguably the best crypto to buy now to effectively capture a potential ETH resurgence. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.io/ Socials : https://linktr.ee/remittix
Stablecoins are now the “default settlement layer for the internet,” surpassing Visa and Mastercard in onchain transaction volume.
As cryptocurrency markets evolve, certain assets begin to stand out due to their robust performance and promising technological foundations. Among these, standout names like HYPE, SOL, ONDO, and DOGE are generating buzz for their impressive market resilience and potential future gains. Notably, a unique project, Codename:Pepe, has also risen to prominence with its innovative use of artificial intelligence to enhance trading outcomes. The Rising Star: Codename:Pepe and Its Market Impact The cryptocurrency community has always welcomed innovation with enthusiasm, and Codename:Pepe is no exception. This project distinguishes itself by incorporating AI to sift through vast amounts of data and identify the most lucrative trading opportunities. Through strategic analysis and timely insights, Codename:Pepe is designed to empower traders. The project’s utility and potential are encapsulated by its native token, $AGNT, which plays a pivotal role within its ecosystem. Token holders enjoy benefits such as voting rights in the project's DAO, access to premium trading tools, and exclusive market forecasts. Exclusive Features of Codename:Pepe Real-time social media and on-chain data analysis to identify trending projects Access to insider trading tips and lucrative opportunities AI-generated forecasts to enhance trading decisions Automated trading tools for efficient transaction execution For more details or to invest, visit the official Codename:Pepe website . Emerging Cryptos: Analyzing HYPE, SOL, ONDO, and DOGE Each of these cryptocurrencies brings something unique to the table, be it through innovative technology or vibrant community support. Hyperliquid: A New Frontier in Crypto Trading Hyperliquid’s native coin, HYPE, is supporting a revolutionary trading platform that focuses on perpetual futures without transaction fees. Its strong fundamentals are evident as the coin stabilizes around significant market values. Speed and Efficiency with Solana Solana’s prowess in handling transactions efficiently with its PoH and PoS mechanisms positions its coin, SOL, as a strong contender against traditional giants like Ethereum and Bitcoin. ONDO: Bridging DeFi and Traditional Assets Ondo Finance, through its token ONDO, enables seamless integration of real-world assets into the blockchain, providing a robust platform for liquidity solutions. The Continuous Appeal of Dogecoin Despite its origins as a meme, Dogecoin’s widespread adoption and active community support make it a continuous point of interest in the cryptocurrency discussions. Conclusion: A Spectrum of Opportunities While the likes of HYPE, SOL, ONDO, and DOGE offer traditional crypto investment opportunities, Codename:Pepe stands out by integrating advanced AI to create a dynamic trading experience that could lead to high returns. This blend of traditional and innovative elements presents a broad spectrum of opportunities for every investor’s portfolio. Find more about Codename:Pepe on their Telegram and Twitter/X . Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Are DOGE bulls quietly setting the stage for a textbook bear trap?
Crypto startups in Kenya are voicing concerns over the country’s proposed virtual asset service providers (VASP) Bill, warning that it could grant excessive influence to a Binance-linked lobby group, potentially undermining fair competition in the nation’s digital asset market. According to documents reviewed by The Kenyan Wall Street, the draft bill includes a private think tank, the Virtual Asset Chamber of Commerce (VAC), as part of the regulatory board that will oversee the crypto sector. Critics argue that VAC has previously hosted Binance-sponsored regulatory discussions, raising questions about its independence and whether it acts as a proxy for the global crypto exchange. Binance Ties with Kenya Regulatory Board Local crypto stakeholders have raised concerns about the transparency of VAC’s inclusion in the proposed regulatory board, noting its previous activities and alleged financial ties with Binance. “All regulation convos by VAC that happened recently have been sponsored by Binance. Then VAC, a private consulting entity, with a non-compete with Binance ‘magically’ gets a regulatory seat? How is this fair?” one stakeholder told The Kenyan Wall Street. Reports allege that Binance pays VAC $6,000 per country monthly for policy advocacy, raising concerns that the group may influence Kenya’s crypto regulations in Binance’s favor while sidelining local players. Some stakeholders fear that if entities with conflicts of interest guide crypto regulation, Kenya may risk remaining on the Financial Action Task Force (FATF) and EU grey lists, hindering the country’s access to global financial systems. Critics also pointed to similar concerns over VAC’s reported involvement in regulatory discussions in Rwanda, indicating a broader pattern of influence across African crypto markets. VAC Defends Role Responding to the concerns, VAC director Basil Ogolla defended the group’s track record, noting its two years of consultations with the International Monetary Fund (IMF), the Central Bank of Kenya (CBK), and Parliament. “The National Assembly’s decision to include VAC as a nominator in the regulatory board reflects the trust and confidence built through this track record of meaningful engagement,” Ogolla stated. The proposed regulatory board will also include representatives from the National Treasury, CBK, Capital Markets Authority (CMA), along with legal and accounting professionals. Binance did not respond to Cointelegraph’s request for comment. Meanwhile, the exchange continues to deepen its relationships with governments globally. In May, Binance signed an MOU with Kyrgyzstan to support crypto payments and blockchain education, while CEO Richard Teng recently confirmed the company is advising several governments on establishing Bitcoin reserves and crypto policies. The post Crypto Startups in Kenya Raise Concerns Over Binance-Linked Lobby in Proposed VASP Bill appeared first on TheCoinrise.com .
According to the Bank for International Settlements (BIS), Trump’s trade policies could reignite inflationary pressures in the US economy. In the bank’s annual report, General Manager of the BIS, Agustin Carstens, detailed how Trump’s tariffs disrupted the economy, pointing to elevated uncertainty levels during enforcement. However, the situation has stabilized somewhat during the ongoing 90-day suspension . He explained , “We were meant to have a soft landing — everything was going according to plan. Then we had this very substantive period of volatility with the threat that tariffs would make more difficult convergence towards 2% in some countries.” The BIS warns that the global economy is vulnerable to disruptions Carstens argued that the global economy is at a critical stage and countries are looking at a period of elevated uncertainty. In the BIS report, he warned that economic growth potential is slowing, with threats to price stability, fiscal health, and the broader financial system mounting. He added that the global economy is especially vulnerable to disruptions with the ongoing climate and geopolitical changes, an increasing aging population and supply chain challenges. Additionally, the report showed that the post-COVID inflation surge affected people’s perception of price movements, and the high public debt levels do not make the situation any lighter. When Trump’s tariffs were first introduced, markets fell sharply and have only partially recovered. The bank’s report showed that investor confidence was severely shaken at the time, and while doubts remain, the pause on tariffs helped ease some of that uncertainty. So far, the US dollar has dropped 10% in 2025 and could quickly grow to be the most significant H1 drop since the early 1970s, according to Hyun Song Shin, the BIS’s main economic advisor. Shin maintained that there’s still no sign that investors are moving away from the American currency, as some economists may have hinted. He claimed it’s still too early to determine anything, especially since sovereign funds and central banks move slowly. Shin, however, noted that treasuries and other US assets may have contributed to the dollar’s recent depreciation. The BIS recommended reducing trade barriers and bureaucracy to cultivate growth The BIS believes that inflation and instability risks are more likely to emerge from, or be amplified by, tensions in sovereign bond markets. It also warned that the increasing doubts in fiscal sustainability may make refinancing debt harder and affect inflation expectations. It has thus called for more flexible labor policies, reduced bureaucracy and trade barriers, increased public investment, and advocated fiscal repair to promote growth and productivity. Officials, however, cautioned against easing bank regulatory laws and even urged for more supervision of non-bank financial institutions. They also asked central banks to tread carefully when weighing growth against inflation, as market participants remain highly reactive to price shifts. The Deputy General Manager, Andrea Maechler, even argued that a price surge today is no longer seen as a temporary blip but a potential sign of inflation. The bank’s officials also advised central banks to stick to their primary mandates to ensure client trust and the effectiveness of their actions, and warned of the growing attention to stablecoins. Aside from that, Carstens cautioned that the US Federal Reserve may face turbulence, especially with Chair Jerome Powell opposing reduced interest rates that the White House insists on. He believes the central bank could see “higher inflationary pressures or deviating inflationary expectations and a slowdown in the economy.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
DALPY Coin has rapidly emerged as a focal point of cryptocurrency market analysis, with industry experts evaluating the project’s potential to outperform traditional meme coin benchmarks. Market intelligence suggests DALPY represents what analysts describe as an “asymmetric opportunity,” comparable to acquiring Dogecoin at $0.0002—a scenario that has generated significant anticipation among sophisticated investors. Institutional Investment Activity Signals Confidence Market surveillance indicates that 47 major cryptocurrency investment funds are actively monitoring DALPY’s pre-launch developments. These institutions include the same players that accumulated Bitcoin positions below $100 and Ethereum at single-digit valuations, lending credibility to DALPY’s current positioning strategy. Private equity sources further reveal that these funds have allocated dedicated research budgets for DALPY evaluation—evidence of serious institutional consideration well beyond the speculative nature typical of meme coin projects. Historically, this level of institutional attention has preceded substantial price appreciation phases. Strategic Market Catalysts Fuel Optimism Tier-1 Exchange Listing Progress Industry insiders report that listing discussions between DALPY and the world’s largest cryptocurrency exchange ecosystem have advanced to the “final approval stages.” Confidential communications indicate that exchange executives have expressed unusual enthusiasm for DALPY’s market positioning and community growth metrics. Tier-1 exchange listings have historically triggered price surges of 500% to 2000% within 72 hours. However, DALPY’s unique positioning and robust institutional backing suggest the potential for significantly higher returns compared to previous cases. Celebrity Endorsement Pipeline in Development Entertainment industry sources confirm that A-list celebrities and mega-influencers with a combined reach exceeding 200 million followers are in advanced negotiations for DALPY promotional partnerships. Talent agency insiders describe these discussions as some of the largest cryptocurrency endorsement deals ever structured. If confirmed, analysts predict that the resulting FOMO wave could surpass previous celebrity-fueled crypto rallies, potentially leading to unprecedented levels of retail investor participation. $DALPY Presale: A Window of Early Access DALPY is set to debut through an upcoming presale, offering early investors the opportunity to enter at the most favorable price point. Industry participants widely view presales as critical phases for maximizing returns in emerging cryptocurrency projects. Limited Presale Allocation Only a very small percentage of DALPY’s total token supply will be made available during the presale phase. With institutional and large-scale investor demand expected to be high, the amount accessible to retail investors is anticipated to be highly limited. High Return Potential Market analysts cautiously suggest that presale participants could see potential returns of over 10,000% following DALPY’s public trading debut. Such projections fuel speculation that DALPY may surpass the explosive early growth seen by historical meme coin success stories, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). Market Conditions Amplifying $DALPY’s Potential Current cryptocurrency market dynamics appear highly favorable for DALPY’s growth trajectory. Bitcoin dominance is declining, signaling a potential rotation of capital into alternative assets, while the meme coin sector remains highly active. Additionally, the continued expansion of the Solana ecosystem provides essential infrastructure to support DALPY’s long-term scalability. Growing interest from celebrities and influencers is also expected to drive mainstream awareness, accelerating adoption beyond the crypto-native community. DALPY appears strategically positioned to capitalize on these conditions. Whether the project will become the next legendary 1000X coin remains to be seen, but it has clearly captured the attention of investors and market observers alike. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Top 1000X Meme Coin to Buy Now – DALPY Coin Set to Obliterate All Competition appeared first on Times Tabloid .