| Kadhim Shubber / Financial Times: |
In a court filing, CEO Alex Mashinsky said Celsius was owed $439M by a “private lending platform”, which sources say is specialist finance company EquitiesFirst — Specialist finance group owes $439mn to digital assets lender — A mysterious debtor to Celsius Network referenced … | Bloomberg: |
Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81.1M, is obscure fund Pharos, which has staff with links to Sam Bankman-Fried — Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP.| Yueqi Yang / Bloomberg: |
| Jef Feeley / Bloomberg: |
Filing: Elon Musk's lawyers say Twitter is unfairly pushing for a “warp speed” four-day trial in September and ask for a court date in February 2023 or later — Elon Musk's lawyers say Twitter Inc. officials are unfairly pushing for a “warp speed” trial over claims … | Jonathan Vanian / CNBC: |
SEC filing: Twitter's board invites shareholders to a special meeting to vote on Elon Musk's acquisition and unanimously recommends they approve the deal — - In an SEC filing on Friday, Twitter recommended that investors approve the company's sale to Elon Musk.| Jon Brodkin / Ars Technica: |
FCC Chair Jessica Rosenworcel proposes a US broadband standard of 100Mbps down and 20Mbps up; the proposal requires a vote in the currently deadlocked FCC — Pai FCC said 25Mbps down and 3Mbps up was enough—Rosenworcel proposes 100/20Mbps. — Federal Communications Commission Chairwoman … | Ivan Mehta / TechCrunch: |
Twitter is testing custom timelines built by developers that list content around specific themes, starting with one about The Bachelorette in the US and Canada — Twitter is testing a new feature that will show users custom timelines built by developers that will merge Tweets … | Dan Goodin / Ars Technica: |
Chainalysis: the 30-day moving average of crypto sent to mixers hit a record $51.8M in April 2022, as funds from sanctioned and criminal groups almost doubled — Despite a significant Achilles' heel, mixers are seeing unprecedented demand. — The amount of cryptocurrency flowing … | Chris Metinko / Crunchbase News: |
Investment in VC-backed crypto companies fell from a record $12.5B in H1 2021 to about $9.3B in H1 2022, while the number of deals increased from 456 to 534 — The crypto winter is not descending upon just holders of digital currency—but also those startups looking for funding.| Patrick Howell O'Neill / MIT Technology Review: |
A look at DARPA's SocialCyber, a project that combines sociology with AI to protect open-source communities and the code they create from malicious campaigns — Open-source code runs on every computer on the planet—and keeps America's critical infrastructure going. DARPA is worried about how well it can be trusted| Dana Mattioli / Wall Street Journal: |
Sources: Amazon has reduced its white label product selection and considered exiting the business altogether, amid weak sales and mounting regulatory pressure — Executives also have discussed exiting the business entirely to address regulatory pressure — Amazon.com Inc. AMZN 0.21%▲ … | Christine Hall / TechCrunch: |
Sydney-based Okendo, which offers e-commerce brands customer review tools, raised a $26M Series A led by Base10 Partners, bringing its total funding to $33.5M — No merchant likes a bad customer review and Okendo, a customer marketing platform, announced $26 million in Series A funding today … | CoinDesk: |
How Voyager Digital, which generated interest on deposits by loaning crypto assets, collapsed after one of its largest borrowers Three Arrows Capital defaulted — In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.
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| Brian Steinberg / Variety: |
| Allison Johnson / The Verge: |
| Andrew Tarantola / Engadget: |
| Michael McSweeney / The Block: |
| Queenie Wong / CNET: |
| Lucy Harley-McKeown / The Block: |
| Chris Welch / The Verge: |
| Katie Paul / Reuters: |