Techmeme
June 21, 2022, 2:10 PM

Top News

Andrew Rummer / The Block:
BlockFi CEO Zac Prince says the crypto lender “signed a term sheet with FTX to secure a $250M revolving credit facility”  —  - BlockFi secures $250 million revolving credit facility from crypto exchange FTX.  — The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’
Financial Times:
South Korean prosecutors ban “dozens” of current and former Terraform Labs employees from leaving the country amid a probe into UST's and LUNA's collapse  —  South Korean prosecutors take action as they investigate embattled company behind the $40bn luna wipeout
Yogita Khatri / The Block:
Solana-based NFT marketplace Magic Eden raised a $130M Series B led by Electric Capital and Greylock at a $1.6B valuation, after a $27M Series A in March 2022  —  - Magic Eden has scored a $1.6 billion valuation in its latest funding round.  — The Solana-based NFT marketplace plans to launch on more blockchains.
Jamie Crawley / CoinDesk:
ProShares, which debuted the first bitcoin futures ETF in October 2021, launches the first ETF to short bitcoin in the US, on the NYSE under the BITI ticker  —  The exchange-traded fund will allow investors to hedge their bitcoin exposure, which may prove particularly pertinent given the sharp downturn in crypto markets of late.
Financial Times:
SpaceX's Starlink aid to Ukraine triggers scrutiny in China, as Chinese firms rush to deploy satellite constellations into low-earth orbit to compete  —  ‘Silicon Valley Iron Man’ is under pressure over satellites as Chinese rivals close in on Tesla  —  In the days after Vladimir Putin …
Richard MacManus / The New Stack:
The Khronos Group forms the Metaverse Standards Forum with Nvidia, Meta, Epic Games, Unity, Microsoft, W3C, and others, seeking to improve interoperability  —  Interoperability — or lack thereof — is a key issue in the nascent metaverse industry.  The Khronos Group aims to solve …
New York Times:
An investigation into Chinese government bidding documents details its expanding surveillance apparatus, including ~500M cameras and extensive phone trackers  —  Times reporters spent over a year combing through government bidding documents that reveal the country's technological road map …
Todd Spangler / Variety:
The CEO and COO of Pornhub's parent company MindGeek resign, shortly after a report that looked at sexually explicit nonconsensual videos hosted on the site  —  MindGeek, the internet company best known for operating Pornhub, said that CEO Feras Antoon and COO David Tassillo have resigned.
More: New Yorker
Michelle Celarier / New York Magazine:

Sponsor Posts

Google:
Try Gemini 3 Pro  —  Google's newest and most intelligent AI model that helps you bring any idea to life
Shopify:
Shopify: Revolutionizing Commerce with Winter Edition '26  —  Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Zoho:
Email fatigue is real: Here's how smart email tools help you regain control  —  Picture this: It's Monday morning.  You walk into the office feeling energized and ready to take on the week.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Grit:
How Evan Spiegel Is Building the Future of Computing
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Acquired:
10 Years of Acquired (with Michael Lewis)
Learn the playbooks that built the world's greatest companies - and how you can apply them as a founder, operator, or investor.
Subscribe to Acquired.
Lenny's Podcast:
Why humans are AI's biggest bottleneck (and what's coming in 2026) | Alexander Embiricos (OpenAI Codex Product Lead)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
OpenAI's 2026 Priority, Disney's AI Play, Datacenter Buildout Trouble
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Australia Kicks Kids Off Social Media + Is the A.I. Water Issue Fake? + Hard Fork Wrapped
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:10 PM ET, June 21, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Joe Rossignol / MacRumors:
Nico Grant / New York Times:
ProPublica:
Vishal Chawla / The Block:
Yogita Khatri / The Block:
Financial Times: