| Yogita Khatri / The Block: |
After suspending withdrawals on June 17, Babel Finance reaches “preliminary agreements on the repayment period of some debts”, helping ease liquidity pressure — - Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”| Celsius Blog: |
After pausing withdrawals, Swap, and transfers last week, Celsius asks for more time to stabilize its liquidity and operations and halts Twitter Spaces and AMAs — It has been one week since we paused withdrawals, Swap, and transfers. We want our community to know that our objective continues … | Bloomberg: |
| Adi Robertson / The Verge: |
Mark Zuckerberg demos prototype VR headsets from Reality Labs, none of which will ship, that Meta refers to as “time machines” used to test one specific feature — Meta's Reality Labs division has revealed new prototypes in its roadmap toward lightweight, hyper-realistic virtual reality graphics.| David Gura / NPR: |
FTX CEO Sam Bankman-Fried blames the Federal Reserve's decision to raise interest rates for 2022's crypto crash, resulting in an investor risk “recalibration” — Cryptocurrencies are going through a spectacular crash and the head of one of the largest crypto exchanges … | Emily Nicolle / Bloomberg: |
Crypto broker Voyager Digital secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda Research, including $200M credit and 15,000 bitcoins, worth ~$285M — Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried … | Vishal Chawla / The Block: |
Solend Labs, a “decentralized” lending protocol on Solana, overturns a controversial DAO vote to take over a whale's account that had deposited ~$5.7M SOL — - Solend has invalidated yesterday's controversial DAO decision to take over its largest user account.| Financial Times: |
NetEase delays Diablo Immortal's China release after the game's Weibo account alluded to Winnie the Pooh, a way to derisively refer to President Xi Jinping — Cartoon bear is often used to criticise President Xi Jinping and has been blacklisted by censors — Shares in NetEase dropped … | Joe Rossignol / MacRumors: |
iOS 16, iPadOS 16, and macOS Ventura add an Automatic Verification option, which lets users bypass CAPTCHAs on websites and in apps that support the feature — Tapping on images of traffic lights or deciphering squiggly text to prove you are human will soon be a much less common nuisance for iPhone users … | Nico Grant / New York Times: |
Some SMB owners complain Google is ending its G Suite legacy free edition after over a decade on August 1, arguing the company lured them with a free service — Google is charging some small businesses for email and other apps after more than a decade of free use. Business owners say Google is being callous.| Olga Kharif / Bloomberg: |
A look at crypto “shark traders”, who scour blockchain records for information on traders with highly leveraged positions and try to push them into liquidation — With crypto prices tumbling precipitously, traders have begun increasingly turning against one another to eke out ever-elusive profits.| Kyle Wiggers / TechCrunch: |
Paris-based Platform.sh, which helps companies build, run, and scale their apps and websites, raises a $140M Series D and says its ARR is up 50% YoY to $45M — The growing complexity of web infrastructure is a challenge that many organizations face today. When building and deploying web apps … | Dan Taylor / Tech.eu: |
London-based Instanda, which offers insurance providers a no-code core infrastructure to deploy products easily, has raised a $45M Series B led by Toscafund — Led by Toscafund, no-code insurance products management and distribution software maker Instada now shifts into high gear …
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| Dan Seifert / The Verge: |
| Manish Singh / TechCrunch: |
| New York Times: |