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May 11, 2022, 12:55 PM
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WeSmirchTop News
| Tim Copeland / The Block: |
LUNA and the UST stablecoin continue to dive; LUNA dropped as low as $0.84, a ~97% slide in 24 hours, while UST dropped as low as $0.26, a ~70% fall in 24 hours — Quick Take — The price of Luna has dropped 82% in the last 24 hours. — Its related stablecoin UST has retreated …
More:
TechCrunch, Terra Research Forum, The Guardian, CoinDesk, The Block, Decrypt, VICE, TechCrunch, Bloomberg, Bitcoin News, The Block, Vlad's dorky crypto newsletter, CryptoPotato, CoinDesk, CNBC, Wall Street Journal, Fortune, Decrypt, Fortune, CoinDesk, and CoinDesk
Tweets: @stablekwon, @johnbrownlow, @katie_martin_fx, @justinsuntron, @darrenlautf, @stablekwon, @terrabitespod, @galois_capital, @laurashin, @cdixon, @davidgerard, @altcoinpsycho, @fintechintern, @stablekwon, @kylesamani, @levie, @alexhern, @mikealfred, @pythianism, @novogratz, @thestalwart, @loopifyyy, @malwaretechblog, @buccocapital, @justinsuntron, @lawmaster, @mhonkasalo, @johnbrownlow, @themooncarl, @0xmisaka, @ahcastor, @tante, @hasufl, @davidshares, @stablekwon, @twobitidiot, @speicherx, @davincij15, @thestalwart, @glimmerycoin, @epolynya, @lomahcrypto, @0x_emperor, @rj_killmex, @cz_binance, @algodtrading, @ryansadams, @emilyjnicolle, @mdudas, @terra_money, @0xsisyphus, @twobitidiot, @cobie, @chubbicorn219, @safetyth1rd, @emperorbtc, @0x_b1, @ryansadams, @thecryptolark, @saylor, @thinkingusd, @bongcapital, @web3isgreat, @thestalwart, @trustlessstate, @xrpcryptowolf, @twobitidiot, @tradebutwhy, @scooterxbt, @stacyherbert, @punk6529, @lsukernik, @beniaminmincu, @petermccormack, @ryansadams, @whalepanda, @adamsinger, @bennetttomlin, @punk6529, @altcoinpsycho, @thecryptodog, @ksicrypto, @cwarzel, @adam3us, @alexhern, @coinmarketcap, @mikedulaimi, @gfodor, @drwasho, @can, @larry0x, @bongcapital, @loomdart, @eevee, @0xmisaka, @cz_binance, @cobie, @tradermayne, @lawmaster, and @baekkyoumkim
| CoinDesk: |
Sources: Terraform Labs CEO Do Kwon is a pseudonymous co-founder of Basis Cash, a failed algorithmic stablecoin from 2020 that reached $174M total value locked — Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.
More:
The Block and Sam's Crypto Musings
Tweets: @iamdcinvestor, @sobylife, @devchart, and @fintechfrank
| Tim Copeland / The Block: |
As Luna crashes, Terra Analytics says ~152M LUNA tokens, or 30% of the circulating supply, are being staked, meaning many can't exit their position for weeks — Quick Take — The price of Luna has dropped 93% in the last 24 hours. — Those who have their Luna tokens staked …
More:
Ethereum World News. Tweets: @lawmaster, @drodriguezfx, @xbenjamminx, @fomomental, @xbenjamminx, @biancoresearch, and @misinterpreth
| Stacy-Marie Ishmael / Bloomberg: |
More:
Today in Tabs, CoinDesk, Something Interesting, Wolf's Newsletter, CryptoSlate, The Block, Cointelegraph, Attack of the 50 Foot …, CoinGeek, Blog Tien So, LOL's Newsletter, CryptoPotato, CoinJournal, and Coinspeaker
Tweets: @stablekwon, @stablekwon, @stablekwon, @jason, @coindesk, @wublockchain, @sbf_ftx, @livercoin, @raaleh, @livercoin, @crypstax, @0x_b1, and @lomahcrypto
| Sami Fathi / MacRumors: |
Kuo: Apple will ditch its proprietary Lightning port and switch to USB-C for the iPhone 15 in the second half of 2023, improving transfer and charging speeds — Apple will ditch its proprietary Lightning port and switch to USB-C on all or possibly some models of the iPhone 15 lineup destined …
Source:
@mingchikuo. More:
Android Police, Gizmodo, The Verge, Macworld, Android Authority, AppleInsider, Thurrott, CNET, iMore, ZDNet, PCMag, Digital Trends, Redmond Pie, BGR, iDownloadBlog.com, Appleosophy, Mashable, Tom's Guide, 9to5Mac, and iPhone in Canada Blog
Tweets: @mingchikuo, @harrisonweber, @apple_tomorrow, @jeremyburge, @pt, @rauschma, @reneritchie, and @llsethj
| James Vincent / The Verge: |
The European Commission proposes regulation that would require tech companies to scan for CSAM and “grooming”, worrying privacy experts and threatening E2EE — The proposal has been called unworkable and invasive by privacy experts — The European Commission has proposed controversial …
Source:
European Commission. More:
dropsafe, Metacurity, TechCrunch, 9to5Mac, Euractiv, Silicon Republic, CNBC, Protocol, Wired, Access Now, Politico, iMore, Bloomberg, AppleInsider, MacRumors, Phandroid, and ComputerWeekly.com
Tweets: @matthew_d_green, @wcathcart, @matthew_d_green, @vmanancourt, @evacide, @matthew_d_green, @chrismessina, @alecmuffett, @sarahjamielewis, @jjvincent, @mattblaze, @matthew_d_green, @mmasnick, @mattblaze, @ylvajohansson, @jjvincent, @lukolejnik, @matthew_d_green, @mattblaze, @mattblaze, @aurasalla, @matthew_d_green, @matthew_d_green, @mattblaze, @floorter, @riana_crypto, @evacide, @wcathcart, @matthew_d_green, @elizableu, and @alecmuffett
| MacKenzie Sigalos / CNBC: |
Coinbase drops 20%+ after reporting $1.2B net revenue in Q1, down from $1.6B YoY, 9.2M MTUs, up from 6.1M YoY, and $309B trading volume, down from $335B YoY — - Coinbase reported first-quarter earnings after the bell on Tuesday. — The earnings come amid a major sell-off across the crypto market.| Bloomberg: |
SEC chair Gary Gensler says crypto exchanges are “commingling” services, which is not in clients' best interest, and notes their ties to popular stablecoins — Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules …
More:
Finbold, CryptoPotato, and Cryptonews
Tweets: @defidefenselaw, @bitfinexed, @smdiehl, @macroedge1, and @dylanleclair_
| Paul Kiernan / Wall Street Journal: |
More:
Protocol, cryptomannn's blog, Crypto Briefing, and CoinDesk
Tweets: @onchainwizard, @tier10k, @csuram88, @scottmelker, @dogetoshi, @wublockchain, @ohgodagirl, @asvanevik, @boredgenius, and @tomhschmidt
| Aisha Malik / TechCrunch: |
Twitter announces a “Copypasta and Duplicate Content” policy to clarify how it works to combat spam and duplicative content and what constitutes a violation — Twitter announced today that it's rolling out a new “Copypasta and Duplicate Content” policy to clarify how the platform works … | Sara Fischer / Axios: |
In a first, Meta withdraws a request for policy guidance from the Oversight Board about Russia's invasion of Ukraine, citing “safety and security concerns” — Facebook-parent Meta on Wednesday said it would be withdrawing its earlier request for policy guidance … | Jordan Crook / TechCrunch: |
Airbnb releases several updates, including searching by category, the ability to book two listings for stays over one week, and AirCover travel insurance — The company wants to get the world traveling again — Last year, Airbnb CEO Brian Chesky said that the single-biggest challenge …
More:
The Verge, Airbnb Newsroom, Engadget, TNW, TechCrunch, CNN, Protocol, MobileSyrup, Mashable, CNBC, Fast Company, Financial Times, Bloomberg, and skift.com
| Foo Yun Chee / Reuters: |
Google signs deals with 300+ outlets in Germany, France, Hungary, Austria, the Netherlands, and Ireland to pay for news content and will roll out tools for them — Alphabet (GOOGL.O) unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries … | Leah Nylen / Bloomberg: |
Sources: DOJ antitrust chief Jonathan Kanter is barred from Google cases as the DOJ debates whether he must recuse himself after working with rivals like Yelp — The Justice Department's top antitrust official has been barred from working on monopoly investigations of Alphabet Inc.'s Google …
Tweets: @revolvingdoordc, @sarahmillerdc, @matthewamiller, and @saraforden
| Amy Feldman / Forbes: |
Parker Conrad's HR software startup Rippling raises a $250M Series D led by Kleiner and Bedrock at an $11.25B valuation, bringing its total funding to $700M — “I don't think Silicon Valley has ever seen a comeback like this before.” — Parker Conrad is fully back.
Tweets: @realgenekim and @paulg
| Matt Schifrin / Forbes: |
Chicken Soup for the Soul Entertainment will acquire DVD rental and streaming company Redbox for $375M in an all-stock deal — New! Click on the conversation bubble to join the conversation Got it! — Among buggy whip businesses, Redbox Entertainment (RDBX), the Oakbrook Terrace … | Olga Kharif / Bloomberg: |
BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout — Blue-chip NFT collections like Bored Ape Yacht Club, which for a while outperformed the rest of the crypto market …
More:
crypto.news. Tweets: @guy_freire, @mattbruenig, @cmsholdings, @tiggerscrypto, and @frances_coppola
| Dean Takahashi / VentureBeat: |
Unity Software's stock falls 30%+ amid the company's lower than expected sales forecasts for Q2 and lower revenue guidance for the next full-year — Unity's stock price fell 28% in after-hours trading after the company reported earnings that met analyst expectations but fell short on the outlook.
More:
MarketWatch
| Bloomberg: |
Helsinki-based Aiven, which helps companies build open-source projects, raises $210M led by Eurazeo at a $3B pre-money valuation — Finnish software startup Aiven has raised $210 million of new funding, giving the company cash to expand abroad and hire developers.Thanks:@ivanlevingston
| Paul Sawers / VentureBeat: |
CIQ, which develops the open-source Rocky Linux distro for enterprise, raises a $26M Series A led by Two Bear Capital — Sign up here. — CIQ, a company that's setting out to commercialize a new open-source Linux distribution and CentOS-successor called Rocky Linux, has raised $26 million in a series A round of funding.
More:
The Register, FinSMEs, PR Newswire, and HPCwire
| Chris Wack / Wall Street Journal: |
DigitalBridge partners with IFM to acquire data center company Switch for $11B, including debt; Switch plans to build an extra 11M sq. ft. of capacity by 2030 — Deal is latest digital asset being scooped up by DigitalBridge — DigitalBridge DBRG -6.02%▼ Group Inc. is buying Switch Inc. …
More:
DCD, Barron's Online, Bloomberg, Bloomberg, PR Newswire, Light Reading, Bloomberg, Reuters, and Reuters
| Jay Peters / The Verge: |
YouTube starts testing Channel Memberships Gifting, letting users gift paid memberships to each other, with a small group of creators — It will be available at first for a small group of creators — YouTube is launching gifted memberships in beta, and they'll be available for select channels beginning Wednesday.| Mary Ann Azevedo / TechCrunch: |
Bogota-based Habi, which offers a real estate marketplace in Mexico and Colombia, raises a $200M Series C led by Homebrew and SoftBank at a $1B+ valuation — Habi, a Bogota-based proptech, has closed on $200 million in a Series C funding round co-led by Homebrew and SoftBank Latin America Fund.
More:
Crunchbase News, Wall Street Journal, and Business Wire
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