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Coinbase, Strategy Lead Crypto Stock Rebound as Bitcoin and Ethereum Soar

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In brief

  • Shares of crypto companies rose in price alongside digital assets and major stock indices.
  • The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month.
  • Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge.

Crypto-focused company stocks rose Friday alongside digital coins following a more dovish-than-expected speech from Federal Reserve Chairman Jerome Powell. 

Nasdaq-listed Coinbase (COIN) spiked and was recently trading more than 6% higher on the day at $319. Meanwhile, Bitcoin treasury and software firm Strategy—MSTR—was up by nearly 65 to $354. Both had been trading down in recent days, but COIN is now in the green over the past week while MSTR remains slightly down during the span.

And Circle, which debuted on the New York Stock Exchange in May in a blockbuster IPO, jumped higher. The stablecoin giant was recently priced 6% higher over the past day, currently at $140, but had shown a 9% leap earlier in the morning.

Elsewhere, leading Bitcoin miners, CleanSpark (CLSK) and Riot Platforms (RIOT) rose by 5% and nearly 9% on the day, respectively, to nearly $10 and above $13.

Crypto treasuries like SharpLink and BitMine Immersion—which focus on buying and holding Ethereum, the second biggest digital coin—both jumped by more than 12%, hitting nearly $20 and $54.

Broadly, stocks are up on the day, with The Dow Jones Industrial Average climbing higher by 880 points, or nearly 2%, touching a new high. Meanwhile, the S&P 500 climbed 1.45%, and the Nasdaq rose by 1.6%.



The rise in equities comes as leading cryptocurrencies Bitcoin and Ethereum also jump. Bitcoin was recently priced at $116,318, up 3% in the hour after Jerome Powell spoke, CoinGecko data shows. Ethereum spiked higher by nearly 8% in one hour. The coin was recently trading for $4,740, about $130 away from its all-time high mark from 2021.

Over the past day, Bitcoin and Ethereum were up 3% and nearly 12%, respectively. 

An interest rate cut would likely help cryptocurrency and tech stocks. Both assets have typically done well in the past in a low interest rate environment, as traders are more drawn to risk assets.

U.S. President Donald Trump has been pressuring Powell to cut rates, frequently insulting the Fed chair on Truth Social and even threatening to fire or even sue him. 

The Fed started aggressively raising rates in 2022 in an attempt to control 40-year high inflation brought on by COVID-19. The central bank then started cutting borrowing costs again last year as the economy cooled.

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Cloud Chamber lays off "unspecified" number of staff as Rod Fergusson is parachuted in to lead troubled BioShock 4 production
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Cloud Chamber lays off “unspecified” number of staff as Rod Fergusson is parachuted in to lead troubled BioShock 4 production

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Update, Wednesday August 20, 2025: 2K Games has confirmed it has “reduced the size of the development team” working on BioShock 4.

Sharing an internal Cloud Chamber memo with our sister site, Eurogamer, 2K president David Ismailer told staff “we’ve made the decision with studio leadership to rework certain aspects that are core to a BioShock game, and in doing so are reducing the size of the development team to focus on this work.”

“BioShock is woven deeply into the fabric of 2K,” Ismailer wrote. “It’s one of our most beloved franchises and respecting its legacy and meeting our fans’ expectations is critical to its future success.

“Work on the next BioShock game has been underway for several years. While we’re excited about the foundational gameplay elements of the project, we’ve made the decision with studio leadership to rework certain aspects that are core to a BioShock game, and in doing so are reducing the size of the development team to focus on this work and give the game more time in development.

“I know this is tough news for everyone. If your role is being affected, you’ll hear from your manager or studio leadership today with details on severance, career services and support resources. There is no easy way to do this, but we hope to do whatever we can to support you through this. I want to thank each of you for your dedication and hard work.”

“I recognise that today is a day of mixed emotions,” Ismailer concluded. “We’re excited to have Rod [Fergusson] joining us, and are equally grateful to everyone at Cloud Chamber who has helped us get this far. These changes are rooted in 2K’s firm confidence in BioShock as one of the most beloved franchises, and our commitment to deliver the best game in franchise history.”

2K did not confirm how many developers have been impacted by the cuts.

Original story:BioShock 4 developer Cloud Chamber has reportedly appointed former Diablo boss Rod Fergusson as studio head and laid off an “unspecified number of staff.”

Firaxis veteran Kelley Gilmore departed earlier this month after Take-Two Interactive reportedly overhauled parts of the upcoming BioShock and reshuffled its leadership team following a failed internal review by publisher 2K Games.

At the time, “people familiar with the situation” claimed the next entry in the BioShock series “recently failed a review by executives at 2K Games,” with the game’s narrative highlighted as needing improvement.

Now, Bloomberg’s Jason Schreier reports layoffs at the BioShock 4 developer as Rod Fergusson takes over as Cloud Chamber’s new studio head.

Fergusson announced his departure from Blizzard on August 8. While there’s been no formal confirmation that he has joined the BioShock production, he was similarly parachuted in to lead the troubled BioShock Infinite project, staying at Irrational just eight months before moving on.

In a post on social media, Fergusson wrote: “Would you kindly allow me to share some news? Some of you guessed it, I’m returning to 2K to lead a series that means a lot to me as the new Head of the BioShock Franchise. I’ll be heading up Cloud Chamber and overseeing development of the next BioShock game, along with franchise extensions like the in-development Netflix movie.

“While I’m excited to get started in the coming weeks, I recognize the studio restructuring is a difficult time for the team. I’m deeply grateful for the work done so far, and I’m committed to building a BioShock game we’ll be proud of and that our players will love. For now, the firehose of onboarding awaits, and I look forward to sharing more when I can.”

The fourth mainline entry in the BioShock series was confirmed to be in development at 2K Games-owned studio, Cloud Chamber, back in 2019. This upcoming entry will be the series’s first new entry since BioShock Infinite’s release in 2013.



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BioShock 4 studio Cloud Chamber lay off staff, as ex-Diablo lead Rod Fergusson comes aboard
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BioShock 4 studio Cloud Chamber lay off staff, as ex-Diablo lead Rod Fergusson comes aboard

by admin


2K have laid off an unspecified number of staff at Cloud Chamber, amid efforts to rework BioShock 4. These cuts come at the same time former Diablo lead Rod Fergusson joins as Cloud Chamber’s new studio head, taking up the position recently vacated by Kelley Gilmore.

A report from Bloomberg earlier this month revealed that the game had failed an internal progress check. Gilmore and creative director Hogarth de la Plante reportedly moved into different jobs as part of a resulting leadership shakeup. Despite all of this, Take-Two CEO Strauss Zelnick has insisted, amid chatting some nonsense about great being the new great, that the game will still make it to release.

That brings us to yesterday, when Bloomberg’s Jason Schrier reported that Cloud Chamber were letting folks go as they announced Fergusson’s impending arrival. IGN report that 2K haven’t said how many employees have been affected by the cuts, while publishing part of an email to staff from 2K president David Ismailer that aims to explain the reasoning behind them.

“Work on the next BioShock game has been underway for several years,” it reads. “While we’re excited about the foundational gameplay elements of the project, we’ve made the decision with studio leadership to rework certain aspects that are core to a BioShock game, and in doing so are reducing the size of the development team to focus on this work and give the game more time in development.”

BREAKING: BioShock 4 developer Cloud Chamber is laying off an unspecified number of staff.

Also, former Diablo boss Rod Fergusson is taking over as Cloud Chamber’s new studio head. More than a decade ago, he joined the troubled BioShock Infinite and helped salvage that game’s production.

— Jason Schreier (@jasonschreier.bsky.social) 19 August 2025 at 16:18

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The email reportedly concluded with Ismailer describing the multiple people losing their livelihoods and the hiring of one guy as making for a “day of mixed emotions”, before going full exec rah-rah speech about the state of BioShock. “These changes are rooted in 2K’s firm confidence in BioShock as one of the most beloved franchises, and our commitment to deliver the best game in franchise history,” he declared.

I’ve reached out to 2K for comment.

As for what the future looks like for BioShock 4, it’s clear why 2K have gone for ex-Blizzard man Fergusson. The veteran developer was previously brought in at Irrational games to help get 2013’s BioShock Infinite out of the door, having done the same for the likes of Gears of War.

Best of luck to the staff Cloud Chamber have let go.



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DICE lead responds to criticism that Battlefield 6 beta maps were ‘not how Battlefield should be,’ urges everyone to ‘go play some smaller/medium maps in BF3 and BF4 to get a good example of the intensity curve’

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By all reasonable metrics, the Battlefield 6 beta was a resounding hit. Not only is BF6 already very fun based on the handful of maps and modes we got our hands on, but the two-weekend playtest period broke records for the series on Steam.

The beta wound down this morning with players clamoring for its October 10 launch day, but not without reservations. Among longtime fans, the loudest criticism surrounded map size: The beta lacked a truly big map that captured classic Battlefield chaos.

DICE lead producer David Sirland has been the one to field these complaints over the last few weeks. After the first beta weekend, Sirland assured folks that ‘large maps exist’ in BF6, but the studio chose to test small ones to show it could handle the “full-octane” chaos of CoD.


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Then, well, it added yet another small map in weekend two, reinforcing concerns that the full map pool of nine will prioritize CoD run ‘n gunning over Battlefield’s traditional spaced-out firefights.

“That’s not how Battlefield should be,” X user Blasts4Satan replied to Sirland on August 15. “Listen to the veteran players, not the CoD fanboys. This is y’all’s last chance and it’s already looking a little too much like the other game in the room.”

We are very much looking back at our past modern incarnations when it comes to pacing. I’d urge everyone to go and play some smaller/medium map BF3 and BF4 to get a good example of the intensity curve.It is slower and more deliberate on the larger maps, as it was in the past.August 18, 2025

Returning to the thread days later to reply, Sirland reaffirmed that BF6’s pacing is on the same trajectory as the games it’s most inspired by, Battlefield 3 and 4.

“We are very much looking back at our past modern incarnations when it comes to pacing. I’d urge everyone to go and play some smaller/medium maps in BF3 and BF4 to get a good example of the intensity curve,” Sirland wrote. “It is slower and more deliberate on the larger maps, as it was in the past.”

It’s true that close-quarters, high-intensity maps are nothing new for the series: BF3 and BF4 had loads of smaller, linear meat grinder maps that folks remember fondly. I remember the disappointment when the only map available in the 2011 BF3 console beta (the PC version got an extra, larger map) was Operation Metro, a cramped trek through grass and tunnels that was unfriendly to vehicles.

Battlefield 3: Operation Metro Multiplayer Gameplay Trailer (E3) – YouTube

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At the time, I thought BF3 didn’t feel much like Battlefield, but I warmed to it at launch after playing Caspian Border: a wide valley of rolling hills, military compounds, and jet runways that checked every Battlefield box.

Still, Sirland repeatedly saying “large maps exist” and pointing to a 14-year-old game for proof doesn’t inspire much confidence. If large maps were a focus of BF6, you’d think we’d know what they look like by now. It’s reasonable to conclude that the BF6 beta was BF Studios debuting the primary identity of the game: Pretty and destructible maps, cramped gunfights, and sometimes vehicles.

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HYPE, SUI Lead Altcoin Losses as Ethereum Dips Under $4,300

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In brief

  • Hyperliquid (HYPE) and SUI led losses among major altcoins as Bitcoin’s correction from $118,000 to $115,000 triggered widespread liquidations.
  • The selloff comes ahead of Thursday’s Jackson Hole Economic Symposium, with analysts noting funding rates had been “warning of trouble” and higher-than-expected PPI data forcing markets to scale back September rate-cut expectations.
  • Analysts called the market move “a corrective pullback within an uptrend” but warned that if Ethereum breaks below $4,150 support, further cascading liquidations could target the $3.9k–$3.6k range.

Ethereum’s slip below $4,300 set off a chain reaction across crypto markets Monday morning, wiping out more than $487 million in long positions and leaving altcoins bleeding.

Hyperliquid (HYPE) plummeted 8.7% to $43.38 while Sui (SUI) crashed 7.3% to $3.55, leading a brutal selloff across altcoins.

Ethereum (ETH) shed 5.4%, Solana (SOL) tumbled 5.6%, and Cardano (ADA) declined 6.2%, according to CoinGecko data.

XRP (XRP) fell 4.5%, Stellar (XLM) dropped 5.4%, and Dogecoin (DOGE) retreated 4.6% in the last 24 hours.

“This looks like a fairly natural pullback after the strong run many cryptocurrencies had seen in recent weeks, with liquidations amplifying the downside across the market,” Nansen analyst Nicolai Sondergaard told Decrypt.

“Since altcoins tend to react more sharply during these periods, tokens like HYPE and SUI experienced even steeper declines,” Sondergaard noted, pointing out that Bitcoin’s sell-off triggered the declines.

Traders brace for Jackson Hole meeting

The liquidation cascade comes ahead of Thursday’s Jackson Hole symposium, with QCP Capital analysts sharing in their latest report how “some traders believe that the overnight washout reflects de‑risking ahead of the symposium,” where Fed Chair Jerome Powell takes the stage.

Held each August in Jackson Hole, Wyoming, the symposium gathers the Fed, global central bankers, and policymakers.

QCP analysts added that “BTC funding rates had been warning of trouble” with rates turning negative by Saturday despite spot prices rising over the weekend.

“The U.S. PPI came in higher than expected, forcing markets to quickly scale back September rate-cut bets that earlier signs of labor market softness had elevated,” Dan Chen, analyst at crypto exchange Bitunix, told Decrypt.

Chen called the selloff “a corrective pullback within an uptrend” and said the market may consolidate through Jackson Hole if Ethereum “can hold support near $4,150” before resuming its advance.



However, he warned that “a breakdown risks further cascading liquidations with downside targets in the $3.9k–$3.6k range, where altcoins—especially HYPE and SUI—are likely to stay relatively weaker.”

Some 75% of Ethereum’s $206.79 million in liquidations in the last 24 hours came from long positions, totaling more than $180.52 million, according to CoinGlass data.

“The mounting queue of soon-to-be-unstaked ETH could be driving the asset’s recent retracement,” Juan Leon, Bitwise Senior Investment Strategist, previously told Decrypt.

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(Source: NBIM, K33 Research via X)
NFT Gaming

Brevan Howard, Goldman Sachs and Harvard Lead Billions in Bitcoin ETF Buying Spree

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Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC).

Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust (IBIT) during the second quarter, according to a securities filing. The macro-focused hedge fund held 37.9 million shares at the end of June, up from about 21.5 million in March.

The stake was worth more than $2.6 billion based on IBIT’s closing price on June 28, making Brevan Howard one of the largest reported institutional holders of IBIT alongside Goldman Sachs, which boosted its position to $3.3 billion in IBIT and Fidelity’s Wise Origin Bitcoin Trust (FBTC). The banking giant also held $489 million worth of the iShares Ethereum Trust (ETHA), according to a filing.

Goldman’s ownership of the ETFs isn’t necessarily a direct wager by its trading desk on bitcoin’s price; rather, it more likely represents positions held by Goldman Sachs Asset Management on behalf of its clients.

Brevan Howard, best known for macro trading, however, has long been active in the crypto space and operates a dedicated digital asset division called BH Digital. The unit manages billions in assets and invests in blockchain infrastructure, decentralized finance and related technologies.

Harvard, Wells Fargo and more

Other major IBIT investors include Harvard University, which reported a $1.9 billion stake in the ETF, and Abu Dhabi’s Mubadala Investment Company, which continues to hold $681 million.

In terms of U.S. banks, Wells Fargo nearly quadrupled its holdings of IBIT to $160 million, up from $26 million in the previous quarter, while maintaining a $200,000 stake in the Grayscale Bitcoin Fund (GBTC).

Cantor Fitzgerald also boosted its holdings to over $250 million while also increasing stakes in crypto-related stocks, including Strategy (MSTR), Coinbase (COIN) and Robinhood (HOOD), among others.

Trading firm Jane Street revealed holding a $1.46 billion stake in IBIT, which represents the largest single position in its portfolio after Tesla (TSLA) at $1.41 billion. It increased its stake in MSTR while reducing its holdings of FBTC.

Spot bitcoin ETFs like IBIT, which launched in January, allow investors to gain exposure to bitcoin’s price without directly holding the cryptocurrency. That structure offers traditional institutions an avenue to participate in the crypto market through familiar brokerage accounts and custodial arrangements.

Norway buys more

For some overseas entities, gaining exposure to bitcoin is easier through U.S.-listed companies that hold large amounts of BTC on their balance sheets.

That’s the approach being taken by Norway’s sovereign wealth fund, along with several other European state-backed investors, which are opting for equity stakes in crypto-adjacent firms rather than holding the crypto directly.

Norges Bank Investment Management (NBIM), the investment arm of the Norwegian central bank and the entity that manages the country’s $2 trillion pension fund, now indirectly holds 7,161 BTC, according to a new note from K33 Research. That figure is up 192% from 2,446 BTC a year ago, and up 87% from the 3,821 BTC it held at the end of 2024.

(Source: NBIM, K33 Research via X)

The largest portion of its exposure — 3,005 BTC — comes through shares in Strategy. The rest is spread across companies like Marathon Digital, Coinbase, Block, and Metaplanet. K33 also counted GME (GameStop) and several smaller holdings as contributing to the total.

Still, the exposure remains tiny in context. Norway’s fund owns stakes in thousands of companies across global markets, and the value of its bitcoin-linked investments is a fraction of its total holdings. At a current market price of $117,502 per BTC, the fund’s 7,161 BTC is worth around $841 million — or less than 0.05% of the $2 trillion portfolio.

The sharp increase over the past year may signal growing institutional comfort with the asset class, but it doesn’t represent a major strategic shift—yet.



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Crypto Trends

Gemini Hires Goldmans (GS), Citi (C), Morgan Stanley (MS) and Cantor as Lead Bookrunners For its IPO

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Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm.

Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday.

Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblatt are also acting as bookrunners, the company said. Academy Securities and AmeriVet Securities are acting as co-managers.

The S-1 published on Friday follows a confidential filing submitted to the U.S. Securities and Exchange Commission back in June, and confirms “Gemini Space Station,” co-founded by Cameron and Tyler Winklevoss, intends to sell an undisclosed number of Class A shares.

Gemini’s filing indicated that it had generated total revenue of $142.2 million in 2024, up from $98.1 million the prior year. For the six months ending on June 30, 2025, the total revenue was $68.6 million, down from $74.3 million in the first six months of 2024.

Its net loss in 2024 stood at $158.6 million, compared to $319.7 million in 2023. That figure stood at $282.5 million for the first six months of 2025.

Its earnings before interest, taxes, depreciation and amortization for 2024 stood at a loss of $13.2 million, and a loss of $113.5 million for the first half of 2025.

Like other crypto firms, Gemini pointed to standard risks in the risk portion of the filing, including the general nature of blockchain networks and how banks and regulators view the industry.

“Key factors influencing the further development of blockchain networks and digital assets include the global adoption of digital assets and blockchain technology; regulatory and quasi-government restrictions on access to and operation of blockchain networks; and the maintenance of open source protocols that support blockchain networks,” the filing said.

Gemini is only the latest crypto company to try and go public this year, following Circle (CRCL), eToro (ETOR) and CoinDesk parent company Bullish (BLSH). BitGo has filed for paperwork to go public as well.

Gemini plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol GEMI.

Read more: Billionaire Winklevoss Twins-Backed Exchange Gemini Files With SEC For Planned IPO



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MindsEye lead actor breaks silence on negative reception: “I completely understand”

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MindsEye’s lead actor, Alex Hernandez, has spoken up for the first time since the game’s rocky launch, saying he ‘completely understands’ the frustration.

The debut release from Build a Rocket Boy, a studio founded by ex-Rockstar North president Leslie Benzies, didn’t quite go according to plan. MindsEye is currently the lowest-scoring game of the year on MetaCritic at 38 based on 12 critic scores.

For the most part, this score can be attributed to the many bugs hindering the experience at launch. Some are amusing enough to brush by, but others had a deleterious impact. The situation was similarly dire to the launch of Cyberpunk 2077, wherein, PlayStation was even issuing refunds.

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It’s been nothing but bad news ever since, with the dev team facing layoffs as a result of the poor reception. Now, the face of the game has broken his silence.

Alex Hernandez, who portrays lead character Jacob Diaz, admitted he ‘completely understands the frustration’ around MindsEye.

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MindsEye actor “understands the frustration”

“It’s had a complicated reception,” Hernandez said in an interview with Check It TV. As a gamer himself, the actor assured he empathizes with the community and those who paid to access MindsEye right out of the gate.

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“As a gamer myself, I completely understand the frustration. As a consumer, there’s a shared frustration. Why would you, as a company, release something that seemed to not be ready in that way?”

“I think it does more long-term harm than good to release something that feels like it’s in a state that’s less than 100%, and charge 100% of the price.”

Build a Rocket BoyMuch of the criticism around MindsEye stemmed from its gameplay, not its narrative.

Despite the reception, however, Hernandez reflects fondly on the experience as a whole, saying he worked with “good people who were trying to do a good thing.”

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“I loved working on it. The cast was great, everyone showed up and gave their all. I had a blast.”

“Games are hard to produce. It’s a really huge undertaking to get one off the ground at all. I’m proud of the people that I worked with. It’s a shame the gameplay, in particular, has received such negative reception.”

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Amusingly though, he’s not afraid to poke fun at the end product, even at his expense. Hernandez admitted he’s seen a fair few of the more viral bugs circulating across social media. Rather than being frustrated by them, he’s able to have a laugh, especially when they involve the protagonist.

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“In terms of the story and the cinematics, there are a couple of glitches I find amusing. Turning into some weird creature. I love that stuff.”



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Solana Will Lead Global Tokenization, Hyperliquid the Perp Boom: Hedge Fund Founder

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Solana’s SOL

token is trading at $144.04, down 0.62% in the past 24 hours, after briefly climbing as high as $147.73 earlier in the session, according to CoinDesk Research’s technical analysis model.

The move came amid a spike in trading volume and fresh commentary from Syncracy Capital Co-Founder Ryan Watkins, who reaffirmed Solana’s long-term importance in the evolving crypto economy.

Watkins, whose firm makes concentrated, thesis-driven investments in crypto, followed up on a prediction he made in May, when he called the competition between Solana and Hyperliquid “the cryptoeconomy’s defining battle” as U.S. equities begin migrating onchain. At the time, he suggested that the winner could become a $100 billion to $500 billion platform capable of reshaping capital markets.

On June 25, in a new post on X, Watkins said that Solana now appears set to lead the “tokenization of everything,” while Hyperliquid is positioned to dominate the perpetual futures space. The remarks reinforced market narratives around Solana’s potential to support the next wave of blockchain-based financial infrastructure.

Institutional interest in Solana continues to rise, with CME Futures volume for SOL recently hitting a record high of 1.75 million contracts. Market watchers have taken this as a sign of deepening engagement from sophisticated investors even as price action cools from recent highs. SOL’s current support levels and structural strength are drawing attention ahead of potential retests of the $148–$150 range.

Technical Analysis Highlights

  • SOL traded in a 24-hour range of $4.96 (3.47%) from $145.09 to $147.45.
  • Support was established at $143.02, with resistance encountered at $147.98.
  • Between 13:06 and 14:05 UTC, price rose from $146.27 to $147.31, a 0.71% gain.
  • The session high of $147.98 was recorded between 13:43 and 13:46 on strong volume.
  • A resistance band formed between $147.90 and $148.00, while support held at $146.70.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Tommy Fleetwood builds 3-shot lead at PGA Tour’s Travelers

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Jun 21, 2025, 07:41 PM ET

CROMWELL, Conn. — Tommy Fleetwood avoided the type of blunders made Saturday by Scottie Scheffler and Justin Thomas, never missing a fairway and seizing on the good scoring conditions for a 7-under 63 for a three-shot lead going into the final round of the Travelers Championship.

At stake for Fleetwood, a regular fixture among the top 25 for the past two years, is a chance to add a PGA Tour title to a résumé that includes seven European titles and three Ryder Cup appearances.

The immediate challengers in steamy conditions at TPC River Highlands are New England’s favorite son and Ryder Cup captain Keegan Bradley (63) and Russell Henley, who had a career low-tying 61 one day after calling a penalty on himself when he wasn’t entirely sure it was one.

Missing are Scheffler and Thomas, both tied for the 36-hole lead with Fleetwood.

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Scheffler had a 29th birthday to forget. Thousands of spectators around the first tee serenaded him. He responded with a triple bogey, the first time he has done that to start a round in his PGA Tour career. The world No. 1 never quite recovered, posting a 72, the fifth time in 55 rounds this year he was over par.

Scheffler was nine shots behind.

Thomas, already a winner at Hilton Head this year, was still in range of Fleetwood when he hit his tee shot onto the railroad tracks left of the par-5 13th, the club slipping out of his hand. And then it got worse. He twice watched chips up a slope to a green that ran away from him come up short and roll back down the hill.

He missed a 6-foot putt and took a quadruple-bogey 9. Thomas shot 73 and was 10 behind.

Without the wind — only extreme heat — the course average was right about 68. The final group of Scheffler and Thomas combined to go 5-over par.

Fleetwood was in such control of his game that he didn’t realize until after the round that he didn’t miss a fairway, key to setting up birdie chances.

He also made eagle on the 13th hole for the second day, giving him three eagles for the week. They don’t hand out crystal for that at the Travelers, only red umbrellas. But it allowed Fleetwood to get some separation for Henley and Bradley going into Sunday.

Fleetwood, a 34-year-old from England, was at 16-under 194.

His three-shot lead is his largest advantage after any round of his PGA Tour career. Some 20 of 22 golfers to lead by three or more strokes entering final round over past two seasons won the event. If Fleetwood does it, the win will come in his 159th career start.

“I’m on top of a lot of stat lines for people that haven’t won on the PGA Tour, so to always be a No. 1 at something is always nice,” he said with a laugh.

“Yeah, of course I would love to win on the PGA Tour. I think it’s like an element of your career that everybody wants, and I of course want it. I haven’t, this year especially, I don’t feel like I’ve given myself … I’ve given myself a back end chance a couple of times this year, but I’ve not been in contention. So this is like my first real chance, so I’m really excited about that and looking forward to it.”

Jason Day ran off three straight birdies on the back nine to salvage a 67 and was five shots back. No one else was closer than eight shots of Fleetwood.

Tommy Fleetwood’s three-shot lead at the Travelers is the largest of his career. Bill Streicher-Imagn Images

Scheffler hasn’t finished out of the top 10 since March and remarkably he ended the day with a birdie for a tie at eighth. The start was a shocker.

He drove left into the 5-inch rough and hit wedge into a front bunker with a decent lie. But he caught all ball and sent it over the green, leaving him a tough pitch up the slope and over a mound toward the hole. The first pitch came up short and rolled back down into the rough.

He hit a flop to 15 feet and two-putted for triple bogey, his first on the tour since the BMW Championship in August.

Bradley, whose name has not vanished from Ryder Cup consideration as a player, won the Travelers two years ago and cleared a major hurdle trying to perform before New England fans, now chanting, “U-S-A! U-S-A!” at him at every turn.

He likes his position of chasing, but he still knows he needs to play well.

“Oh, man, you’re going to have to shoot something at least in the mid-60s, probably where I am, probably lower,” Bradley said. “But it’s doable out here. When you play a course where you’ve got to make birdies it brings a different challenge. You can’t have a stretch of 1-over par for seven holes, or you lose a million shots.

“So in some aspects it’s difficult just like a hard course would be.”



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