| 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: |
| 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 … | Adi Robertson / The Verge: |
Mark Zuckerberg demos multiple prototype VR headsets from Reality Labs, none of which will ship, as Meta continues working on VR and mixed reality devices — Meta's Reality Labs division has revealed new prototypes in its roadmap toward lightweight, hyper-realistic virtual reality graphics.| Vishal Chawla / The Block: |
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, overturns a controversial vote to commandeer a whale's account and regain ~5.7M SOL — - Solend has invalidated yesterday's controversial DAO decision to take over its largest user account.| Financial Times: |
NetEase delays the release of Diablo Immortal after the game's Weibo account shared a reference to Winnie the Pooh, a way to derisively refer to President Xi — Cartoon bear is often used to criticise President Xi Jinping and has been blacklisted by censors| ProPublica: |
Analysis: despite claiming to reject gun ads, Google accepted ads from 15 top US firearms sellers between March 9 and June 6, generating over 120M impressions — ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they're published.| Olga Kharif / Bloomberg: |
A look at crypto “shark traders”, who scour blockchain records to find highly leveraged traders 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 offers tools to build web apps, raises a $140M Series D, bringing its total raised to $187M, and says ARR is up 50% YoY to $45M — The growing complexity of web infrastructure is a challenge that many organizations face today.| Manish Singh / TechCrunch: |
Telegram passes 700M MAUs and unveils Telegram Premium, which will let users follow up to 1,000 channels, send files up to 4GB, and more, for $5 to $6 per month — Telegram has amassed 700 million monthly active users and is rolling out a premium tier with additional features … | Elizabeth Dwoskin / Washington Post: |
Interviews with members of Peter Thiel's inner circle describe how he came to the decision to leave Meta's board, a departure that was years in the making — Inside the billionaire investor's journey from Facebook board member to an architect of the new American right
Fast, affordable law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!
Accelerate AI Adoption at F5's AI Virtual Summit — Learn how to architect, secure, and scale AI for production with real-world insights from industry leaders on June 23. Register now to save your spot.
Website Traffic Analytics: How to Read Your Data and Take Action — Traffic is up. Sessions look healthy. The dashboard is full of green arrows and yet — conversions are flat, revenue targets are slipping, and the leads coming through aren't closing.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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| Dan Seifert / The Verge: |
| New York Times: |