Do you have the right to redeem your stablecoin?

Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important aspect of stablecoin value. But, does it make sense if the legal terms of a stablecoin do not give you, the stablecoin holder, the legal right to redeem that digital record on blockchain for fiat currency?

This article aims to look into the legal terms of the two largest stablecoins — Tether (USDT) by Tether and USD Coin (USDC) by Centre Consortium, established by Coinbase and Circle — to answer the question: Do they owe you anything?

Related: Stablecoins will have to reflect and evolve to live up to their name

Tether

Article 3 of Tether’s Terms of Service explicitly states:

“Tether reserves the right to delay the redemption or withdrawal of Tether Tokens if such delay is necessitated by the illiquidity or unavailability or loss of any Reserves held by Tether to back the Tether Tokens, and Tether reserves the right to redeem Tether Tokens by in-kind redemptions of securities and other assets held in the Reserves. Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all.”

Let us unpack this. First, Tether may delay any claim in case of lack of liquidity, unavailability or loss of reserves. We reasonably should ask how this can even happen if they claim (in the same article) that “Tether Tokens are 100% backed by Tether’s Reserves.” The answer is found down below in the terms. USDT is “valued” 1:1 but not exclusively backed with fiat currency. And as per the terms, “the composition of the Reserves used to back Tether Tokens is within the sole control and at the sole and absolute discretion of Tether.”

As the United States Federal Reserve Board concluded in their recent report:

“They are backed by assets that may lose value or become illiquid during stress, leading to redemption risks, and lack of transparency may exacerbate those risks.”

More interesting appears the part of Tether’s terms where they reserve the right to return in-kind. It means you buy USDT for the U.S. dollars, but they can return you a bond, a stock or “other assets held in the Reserves.” And, who knows if these assets will be worth anything?

It should be noted that redemption from Tether is possible if you are “a verified customer of Tether.” Normally, crypto exchanges and other financial institutions are direct customers of Tether. End-users exchange stablecoins with their applications, not with Tether, and hence must check with legal terms that such providers cast. Nevertheless, according to Tether’s FAQ, individuals can also open an account with Tether after accomplishing a Know Your Customer (KYC) check.

Related: The United States turns its attention to stablecoin regulation

Circle USDC

Circle has much in common with its twice-as-big rival, though surprisingly, its terms are even more discouraging. They, similarly, do not promise to hold equivalent fiat reserves and back their stablecoin with “an equivalent amount of U.S. Dollar-denominated assets,” quoted from Article 1.

Promising Article 2 of their terms states that “Circle commits to redeem 1 USDC for 1 USD.” The bad news is that this rule applies only to Circle partners (crypto exchanges, financial institutions, etc.), which they call users Type A. End-users become customers of these partners (say, when you open an account with a crypto exchange), and there is no way for an individual to become Circles’ direct user and exercise the right to redemption.

In Article 13, they clarify that Circle does not guarantee that the value of 1 USDC will always equal 1 USD because “Circle cannot control how third parties quote or value USDC.” This means Circle does not mandate their partners to cast any specific terms to their end-users, which gives such stablecoin providers freedom in what they legally promise to their customers. Circle states they are not “responsible for any losses or other issues that may result from fluctuations in the value of USDC.”

Simply not equal

Both Tether’s USDT and Circle’s USDC are not legally equal to fiat money. Moreso, their reserves, which they claim to ensure 1:1 value, are not fully pegged to fiat. They back their digital tokens with various assets, such as securities, which can eventually decrease in value and create trouble with stablecoin liquidity.

The main question was whether an individual holding the stablecoin could convert it to fiat. The short answer is that there is no such right that the customer can exercise through legal means, such as claiming it in court. In the case of Tether, they let an individual become their direct customer to redeem USDT. But, they leave the right to return not fiat but any asset in their reserves. In the case of Circle, they legally promise redemption but do not admit individuals to exercise this right, which leaves the customer one to one with multiple exchanges, which do not necessarily guarantee this right.

This article is for general information purposes and is not intended to be and should not be taken as legal advice.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Oleksii Konashevych has a Ph.D. in law, science and technology and is the CEO of the Australian Institute for Digital Transformation. In his academic research, he presented a concept of a new generation of property registries that are based on a blockchain. He presented an idea of title tokens and supported it with technical protocols for smart laws and digital authorities to enable full-featured legal governance of digitized property rights. He has also developed a cross-chain protocol that enables the use of multiple ledgers for a blockchain estate registry, which he presented to the Australian Senate in 2021.

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Boeing’s Starliner Capsule Uncrewed Test Flight Docks Successfully With International Space Station

Boeing’s new Starliner crew capsule docked for the first time with the International Space Station (ISS) on Friday, completing a major objective in a high stakes do-over test flight into orbit without astronauts aboard.

The rendezvous of the gumdrop-shaped CST-100 Starliner with the orbital research outpost, currently home to a seven-member crew, occurred nearly 26 hours after the capsule was launched from Cape Canaveral US Space Force Base in Florida.

Starliner lifted off on Thursday atop an Atlas V rocket furnished by the Boeing-Lockheed Martin joint venture United Launch Alliance (ULA) and reached its intended preliminary orbit 31 minutes later despite the failure of two onboard thrusters.

Boeing said the two defective thrusters posed no risk to the rest of the spaceflight, which comes after more than two years of delays and costly engineering setbacks in a program designed to give NASA another vehicle for sending its astronauts to and from orbit.

Docking with ISS took place at 8:28pm EDT (5:58am IST) as the two vehicles flew 271 miles (436km) over the south Indian Ocean off the coast of Australia, according to commentators on a live NASA webcast of the linkup.

It marked the first time spacecraft from both of NASA’s Commercial Crew Program partners were physically attached to the space station at the same time. A SpaceX Crew Dragon capsule has been docked to the space station since delivering four astronauts to ISS in late April.

Bumpy road back to orbit

Much was riding on the outcome, after an ill-fated first test flight in late 2019 nearly ended with the vehicle’s loss following a software glitch that effectively foiled the spacecraft’s ability to reach the space station.

Subsequent problems with Starliner’s propulsion system, supplied by Aerojet Rocketdyne, led Boeing to scrub a second attempt to launch the capsule last summer.

Starliner remained grounded for nine more months while the two companies sparred over what caused fuel valves to stick shut and which firm was responsible for fixing them, as Reuters reported last week.

Boeing said it ultimately resolved the issue with a temporary workaround and plans a redesign after this week’s flight.

Besides seeking a cause of thruster failures shortly after Thursday’s launch, Boeing said that it was monitoring some unexpected behavior detected with Starliner’s thermal-control system, but that the capsule’s temperatures remained stable.

“This is all part of the learning process for operating Starliner in orbit,” Boeing mission commentator Steve Siceloff said during the NASA webcast.

The capsule is scheduled to depart the space station on Wednesday for a return-flight to Earth, ending with a airbag-softened parachute landing in the New Mexico desert.

A success is seen as pivotal to Boeing as the Chicago-based company scrambles to climb out of successive crises in its jetliner business and its space defense unit. The Starliner programme alone has cost nearly $600 million (roughly Rs. 4,670 crore) in engineering setbacks since the 2019 mishap.

If all goes well with the current mission, Starliner could fly its first team of astronauts to the space station as early as the fall.

For now, the only passenger was a research dummy, whimsically named Rosie the Rocketeer and dressed in a blue flight suit, strapped into the commander’s seat and collecting data on crew cabin conditions during the journey, plus 800 pounds (363kg) of cargo to deliver to the space station.

The orbital platform is currently occupied by a crew of three NASA astronauts, a European Space Agency astronaut from Italy and three Russian cosmonauts.

Since resuming crewed flights to orbit from American soil in 2020, nine years after the space shuttle program ended, the U.S. space agency has had to rely solely on the Falcon 9 rockets and Crew Dragon capsules from Elon Musk’s company SpaceX to fly NASA astronauts.

Previously the only other option for reaching the orbital laboratory was by hitching rides aboard Russian Soyuz spacecraft.

© Thomson Reuters 2022


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Netflix to Settle Tax Dispute With Italy for $59.1 Million, Opens First Office in Rome Hiring Over 40 Employees

US streaming service Netflix has agreed to settle a tax dispute with Italy, the company and legal sources said on Friday.

Milan prosecutors issued a statement saying they had settled with a multinational video on-demand streaming company for a period covering Oct. 2015 to 2019 and asked it to pay EUR 55.8 million (roughly Rs. 460 crore).

They gave the settlement figure without specifically naming the company involved but three sources with knowledge of the matter confirmed it was Netflix.

A Netflix spokesperson said the company was pleased to have the matter finalised.

“We have maintained constant dialogue and cooperation with the Italian authorities and continue to believe that we have acted in full compliance with Italian and international rules,” the spokesperson said.

Prosecutors had opened an investigation into potential tax evasion three years ago.

They claimed Netflix should have paid taxes in Italy because it relied on digital infrastructure to stream content to 2 million users in the country.

As a backdrop to the payment agreement, Netflix has now opened an office in Italy, setting up a base in Rome and hiring more than 40 employees.

The investigation by Milan prosecutors who argued that cables and computer servers used by Netflix amounted to a physical presence in Italy, had been triggered by checks conducted by Italy’s tax police.

Milan prosecutors in the past have probed other US tech giants such as Apple, Amazon, and Facebook for dodging taxes, allowing Italy to net several billion euros in fines and tax payments.

© Thomson Reuters 2022


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Jordan Poole: “I grew up watching Loon”

Photo: Scott Strazzante/San Francisco Chronicle via Getty Images

Stephen Curry scored 32 points and eight rebounds, Kevon Looney had a career-high 21 points and 12 rebounds and the Golden State Warriors rallied past the Dallas Mavericks 126-117 on Friday for a 2-0 lead in the Western Conference finals.

On the other hand, Luka Doncic posted 42 points along with eight assists for the Mavericks. The series shifts to Dallas for Game 3 on Sunday.

After a big win over the Dallas Mavericks in Game 2, the Golden State Warriors star guard Jordan Poole (23 points off the bench) was happy to be a part of Kevon Looney’s big playoff performances: “The little kid in me is so excited … I grew up watching Loon.”



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A.J. Brown felt threatened hosting youth football camp in Nashville

Philadelphia Eagles wide receiver A.J. Brown revealed why he decided to pull out of hosting a youth football camp in Nashville.

Wide receivers have been on the move this NFL offseason. On the first night of the NFL Draft, the Tennessee Titans traded A.J. Brown to the Philadelphia Eagles in exchange for a first-round pick. It was then revealed that the Eagles signed Brown to a four-year contract extension.

On Friday, May 20, Brown released a statement indicating that he was pulling out of hosting a youth football camp that was scheduled for June in Nashville due to his peace being “threatened by adults who feel a way because I was traded.” Brown apologized to the kids and said he did not want to put himself at risk.

A.J. Brown releases statement regarding youth camp cancellation

“I’m so sorry I let down your kids and many others but I will not put myself in a place where my peace is going to be threatened by adults who feel a way because I was traded,” wrote Brown, h/t ProFootballTalk. “I’m every bad word it is for taking care of MY FAMILY! If you’re not aware just look on social media. I’m a man first and I will always do what I feel is right for me and my family. People are upset and that’s fine but it’s not that serious when it comes to me. People can disrespect me on social media and that’s fine but being disrespectful to my face is whole another things and I’m not tolerating it on any level. So forgive me for not putting myself in a place where my peace could be threatened because if something happens and I react, I’m the one who has everything to lose and not willing to risk my peace, my family, or my job.

“I would love to make everyone children’s day but not if I’m putting my own at risk. Please don’t say nothing is going to happen because nobody knows that. I’m sure someone will still have a problem with this and that’s fine as well. If you can’t understand that then it’s because you don’t want to. Take care! Love.”

Brown was in search for a new contract with the Titans, as his rookie contract expired at the end of the 2022 season. Ultimately, both sides could not reach an agreement on a deal, which resulted in Tennessee negotiating a trade with Philadelphia. And it occurred in the middle of the first round of the draft.

It was revealed shortly after the trade was announced that the Eagles and Brown agreed to terms on a four-year, $100 million contract. Meanwhile, the Titans used their recently acquired 18th overall pick to select Arkansas wideout Treylon Burks.

Brown apologized for pulling out of the camp, but he says he did so in order to look out for his safety.



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Australia Election Live Updates: Voters Decide Fate of Scott Morrison

Credit…Asanka Brendon Ratnayake for The New York Times

Australians go to the polls on Saturday to choose a government as the country, emerging from two years of Covid-fueled isolation, faces rising inflation, persistent anxiety about climate change and growing foreign policy challenges.

After nine years in power, the conservative coalition — now led by Prime Minister Scott Morrison — is locked in a tight race with the Labor Party and its leader, Anthony Albanese.

With few major policy differences or dramatic proposals, the election has come to be seen as a referendum on Mr. Morrison’s conduct and performance in office. He has sought to emphasize his steady management of the economy and Australia’s rapid response to Covid, while his opponent has pointed to his failure to keep housing affordable, his absence during the 2020 bush fires and avoidance on climate change policy, and his aggressive, partisan approach to politics, which has alienated many women.

Rising support for minor parties and a new wave of independent candidates, most of them women who are campaigning for stronger action on climate change and a federal anti-corruption commission, could lead to a minority government that might take several days of negotiating to form. But Labor has been building momentum, and is increasingly confident about a clear victory.

Credit…William West/Agence France-Presse — Getty Images

What’s at Stake

Australia has managed the pandemic relatively well, keeping its per capita death toll low by shutting its international and state borders while funneling public money to workers, businesses and the health care system. Now that the country is highly vaccinated and open again, the government’s job for the next few years will involve shaping the recovery.

Mr. Morrison, 54, has argued that now is not the time to shift to a Labor government. “It’s not just about who will make things better, and I believe we will,” he said last week. “But it’s also who can make them worse.”

To bolster its chances, the conservative coalition has made about $2 billion worth of pledges for infrastructure and energy projects, along with smaller local projects like sports facilities.

Mr. Albanese, 59, has promised investment in roads and transportation while emphasizing that Labor will do more for “the caring economy,” which includes child care workers, educators and nursing home workers. Facilities for the aged have been struggling with reports of treatment lapses and miserable conditions.

Labor has also promised to increase funding for universities, which were left out of the coalition’s Covid-assistance plans. And though it has not ruled out investment in coal, Labor has said it will move more quickly to reduce carbon emissions and address climate change.

Credit…Matthew Abbott for The New York Times

Australia’s emissions reduction target for 2030 — 26 percent from 2005 levels — has been described by other world leaders as a disappointment. It’s half what the United States and Britain have promised.

But whoever wins the election will not just have to manage domestic concerns and international pressure on climate change. Australia also faces an increasingly tricky security environment.

The country’s relations with China have been on ice since at least 2017, when Australia passed foreign interference legislation and China responded with import bans on wine, beef and other Australian products. Beijing has also made inroads in the Pacific islands, Australia’s traditional sphere of influence, with the Solomon Islands signing a secretive security agreement with China last month.

These will be among the issues discussed at the next meeting of the Quad — Japan, the United States, India and Australia — which is scheduled to take place in Tokyo on May 24, three days after Australia’s election.

There is not much distance between the two parties on the challenge China represents or on Australia’s push toward a stronger alliance with the United States.

Who’s Running?

Mr. Albanese took over as Labor leader after the party’s 2019 election loss, and he is known for being a quieter, more collaborative brand of boss than his predecessor, Bill Shorten.

He was raised by a single mother in public housing and often says she instilled in him a passion for three great faiths: the Catholic Church, the Australian Labor Party and the South Sydney Rabbitohs, his local rugby team.

Credit…Pool photo by Jason Edwards

He was elected to Parliament in 1996, rising to become deputy prime minister in 2013 with the Labor government led by Kevin Rudd.

Despite all his time in government, Mr. Albanese was relatively unknown to most Australians until recently. As opposition leader and as a candidate, he has constructed a “small target” approach, making few bold policy pronouncements and seeking to minimize Labor’s differences with the coalition on traditional hot-button issues like taxes.

Mr. Albanese’s effort to make voters focus on Mr. Morrison hit obstacles at first, as the Labor leader made a few gaffes near the official start of the campaign. But he found his footing during a pair of debates during which he focused on wage increases and other traditional Labor issues while standing up to the more combative prime minister.

Mr. Morrison has led Australia’s government — a coalition of the Liberal and National parties — since 2018. An energetic campaigner who has presented himself as the leader for “quiet Australians” who want a steady hand on the economic tiller, he had a reputation for being a moderate earlier in his career. But as prime minister, he has often lined up with the more conservative wing of Australian politics, especially on climate change.

Like Mr. Albanese, he is a devoted rugby fan who grew up in Sydney — in his case in the wealthier eastern suburbs, where his father was a police officer and municipal council member.

Credit…Pool photo by Jason Edwards

After working as a marketing executive for Tourism Australia, he reached Parliament in 2007, representing a handful of suburbs in the southeastern corner of Sydney.

He rose quickly, becoming the minister for immigration and border protection in the government of Prime Minister Tony Abbott, where he oversaw a hard-line approach to asylum seekers — with boats turned back by the Australian military and refugees placed in offshore detention.

He served as treasurer under Prime Minister Malcolm Turnbull, until he took power in 2018 after an intraparty coup initiated by members who resisted Mr. Turnbull’s moderate stance on climate change and other issues.

What Are the Major Issues?

On a national level, voter surveys show that Australians are most concerned about inflation and the cost of living, especially the exorbitant price of housing in Sydney, Melbourne and other major cities.

In most of the country’s middle-class districts, economic issues are dominant, but in a number of the electorates that could define which party wins, there are two other election dynamics playing out.

In wealthier districts around Sydney and Melbourne, several independent candidates — mostly professional women — are challenging Liberal incumbents with campaigns focused on climate change solutions, gender equity and a return to civility to politics.

Credit…Matthew Abbott for The New York Times

And in less urban areas, the election is being fought more on culture war and identity issues. Mr. Morrison handpicked a candidate who has lobbied against allowing transgender women to play women’s sports, and he has at times made the issue a focus of his campaign.

“There are three campaigns being fought,” said Peter Lewis, a seasoned pollster and executive director of Essential, a progressive communications and research company. “You’ve got a cultural election, an economic election and a post-materialist election” — focusing on quality of life — “and they’re all playing out in different parts of Australia.”

Who’s Leading?

The latest voter surveys show Labor leading by a few points. Mr. Morrison’s approval ratings have been falling for months, and neither he nor Mr. Albanese is drawing enthusiastic support. Voters have signaled they are more dissatisfied than satisfied with both of them.

Election projections in Australia are notoriously hard to trust. The country has compulsory voting and preferential voting, letting people rank their choices, and a large swath of the electorate decides at the last second. By some counts, a quarter of all voters remain uncertain or not confident about their ultimate choice.

In 2019, polls showed Labor with a slight edge — but Mr. Morrison and the coalition won an upset victory.

This time around, analysts are suggesting a high probability of a hung Parliament, with neither the coalition nor Labor winning the 76 seats needed to form a government.

If that happens, minor parties like the Greens on the left or One Nation on the right — or some of the independents, if they win — could be the kingmakers who decide which way Australia’s next government goes.

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Giuliani Meets With Jan. 6 Committee for Over 7 Hours

WASHINGTON — Rudolph W. Giuliani, who helped lead President Donald J. Trump’s efforts to overturn the results of the 2020 election as his personal lawyer, sat on Friday for a lengthy interview with the House committee investigating the Jan. 6 attack on the Capitol, according to people familiar with the closed-door interview.

Mr. Giuliani’s interview, which was virtual, lasted for more than seven hours, the people said. The interview was transcribed, and he was under oath. He took a break in the middle of it to host his hourlong afternoon radio show.

It was unclear what Mr. Giuliani told the committee, but his centrality to Mr. Trump’s various attempts to subvert the election made him a potentially pivotal witness for the panel, with knowledge of details about interactions with members of Congress and others involved in the plans.

Mr. Giuliani, whose interview was reported earlier by CNN, had negotiated with the panel about testifying for months, and he reached an agreement to speak about matters other than his conversations with Mr. Trump or any other topic he believed was covered by attorney-client privilege.

Earlier this month, he abruptly pulled out of a scheduled interview with the committee after the panel refused to let him record the session. He later dropped that objection and agreed to testify after the panel threatened to use its “enforcement options,” an implied referral to the Justice Department for criminal contempt of Congress, the people said.

The committee has interviewed more than 1,000 witnesses and has recommended criminal contempt of Congress charges against four of Mr. Trump’s closest allies, who have refused to cooperate fully.

Mr. Giuliani was one of the last major witnesses the committee had pressed to interview in the final weeks before it begins holding public hearings in June. Others include more than a half-dozen Republican members of Congress, such as Representative Kevin McCarthy of California, the minority leader.

The panel has not yet made final decisions about whether to call Mr. Trump, former Vice President Mike Pence or Virginia Thomas, a right-wing activist who pushed to overturn the 2020 election and who is the wife of Justice Clarence Thomas. The chairman of the panel, Representative Bennie Thompson, Democrat of Mississippi, recently indicated the committee might not ultimately summon any of the three.

Mr. Giuliani was a key figure in Mr. Trump’s attempts to stave off electoral defeat and was involved in plans to disrupt the normal workings of the Electoral College by persuading lawmakers in contested swing states to draw up alternate slates of electors showing Mr. Trump as victorious in states actually won by Joseph R. Biden Jr.

Mr. Giuliani was also instrumental in vetting a plan to use the Department of Homeland Security to seize voting machines and examine the data housed inside them for supposed evidence of fraud. At Mr. Trump’s direction, Mr. Giuliani asked a top homeland security official if the department could legally take control of the machines — a notion the official shot down. Mr. Giuliani later opposed an even more explosive proposal to have the military seize the machines.

Mr. Giuliani was subpoenaed with other members of a legal team that billed itself as an “elite strike force” and pursued a set of lawsuits on behalf of Mr. Trump in which they promulgated conspiracy theories and made unsubstantiated claims of fraud in the election.

The committee’s subpoena sought all documents that Mr. Giuliani had detailing the pressure campaign that he and other Trump allies initiated targeting state officials, the seizure of voting machines, contact with members of Congress, any evidence to support the conspiracy theories he pushed and any arrangements for his fees.

On Jan. 6, speaking to a crowd of Trump supporters before a pro-Trump mob attacked the Capitol, Mr. Giuliani called for “trial by combat.” Later, after the building was under siege, both he and Mr. Trump called lawmakers in an attempt to delay the certification of Mr. Biden’s victory.

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Iman Shumpert on beating Warriors in 2016 Finals after being down 1-3

Photo: Tony Dejak/Associated Press

In this VladTV clip, Iman Shumpert spoke about being part of the historic comeback from being down 3-1 in the 2016 NBA Finals. Vlad told Iman that his Cavs cost him to lose a $1,000 bet as a result of the comeback.

Dancing with the Stars winner recalled being down in the series and the Cleveland Cavaliers being inspired to overcome the deficit.

To hear more, including Shumpert’s thoughts on Kevin Durant joining the Golden State Warriors the following season and the psyche of players who make it to the pros, check out the clip:

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What Tristan Thompson Was Doing While Khloe Kardashian Dined in Italy

Tristan Thompson might be sitting this one out.

While ex Khloe Kardashian was off in Italy enjoying a pasta dinner with her family on May 20, Tristan seemed to reveal what he was up to on Friday night.

The NBA star, who split with Khloe last year, shared footage on his Instagram Story of his night in with their daughter True Thompson, 4.

“Twinz,” he wrote with two heart emojis, alongside a photo of the father-daughter duo posing with plastic toys at the kitchen table. 

In a later video, True was seen using a spoonful of product to style Tristan’s hair. “Oh, wow, that’s a big one,” he remarked of her technique, before noting that his “waves are gonna be looking like tsunami, right?”

Tristan quipped, “Say ‘Tsunami!'” 

He then panned the camera to show his slicked-back ‘do, declaring, “Styling by True,” while she washed off her utensils. It’s unclear when the video was taken.

On the other side of the globe, Khloe had wrapped up her night out in Portofino, Italy, where wedding festivities were kicking off for sister Kourtney Kardashian and rocker Travis Barker. (The couple legally married in Santa Barbara, Calif., last weekend.)



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Winona Ryder Calls Stranger Things Kid “the Next Meryl Streep”

Winona Ryder has real love—and respect—for her Stranger Things co-stars.

Ahead of the show’s season four premiere on May 27, the two-time Academy Award nominee reflected back on the legacy of the show, while heaping some major praise on its younger cast members.

“I continue to be blown away by these kids,” Winona told E! News. “I was their age when the show takes place. These kids are just magic.”

She can hardly even call them kids anymore. Millie Bobby Brown, who was just 12 when she was cast on Stranger Things, is now 18 years old.

Seeing Millie in her season four wig has made some people do a double-take because she bears a striking to resemblance to a younger Winona. “It was wild seeing her like that,” Winona said. “When I was that age, I had dyed-black [hair], goth going on. But there is definitely a resemblance.”

Winona, who has worked with just about every accomplished actress in the industry, saved perhaps her highest accolades for 20-year-old Sadie Sink, who plays Max. 

“Sadie is like Liv Ullmann,” Winona gushed. “She’s going to be like Meryl Streep.” No pressure, Sadie!

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