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August 3, 2022, 10:45 AM
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WeSmirchTop News
| Jason Nelson / Decrypt: |
An unknown attacker has been emptying Solana and USDC wallets; Solscan says over 15,000 wallets have been affected, draining $4.46M, primarily in SOL and USDC — An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night.
More:
CoinDesk, The Block, The Block, CyberScoop, Bloomberg, Metaverse Post, Engadget, PYMNTS.com, BleepingComputer, The Verge, Elliptic Connect, CoinGape, Web3 is going just great, CNBC, Financial Times, Bitcoin News, Cointelegraph, web3lunch, Crypto Conquistador, Cryptonews, Ethereum World News, Cybernews.com, Coinspeaker, ZyCrypto, and CoinDesk
Tweets: @0xfoobar, @phantom, @solanastatus, @peckshieldalert, @magiceden, @solanastatus, @aeyakovenko, @solporttom, @milesdeutscher, @cz_binance, @solanastatus, @solanastatus, @justinbarlow, @stevekovach, @solanastatus, @lyu_johnny, @officer_cia, @aeyakovenko, @nftpeasant, @justin_bons, @coinbureau, @liron, @hosseeb, @buccocapital, @justinsuntron, @top7ico, @mattdesl, @matthew_d_green, @justinbarlow, @naeper, @silvermanjacob, @web3isgreat, @solbigbrain, and @thisisnuse
| Brian Newar / Cointelegraph: |
More:
Chainalysis, The Block, BestBrokers.com, Web3 Digest, CoinDesk, SecurityWeek, Coinpedia, CertiK Blockchain …, SC Media, The Register, The Verge, and Input
Tweets: @nomadxyz_, @nomadxyz_, @samczsun, @0xfoobar, @nomadxyz_, @samczsun, @0xfoobar, @xiliangchen, @chainalysis, @fatmanterra, @mg_486662, @paradigmeng420, @cwgoes, @arjunbhuptani, @lorenzofb, @bloombergtv, @mudit__gupta, @el33th4xor, @moonbeamnetwork, @mmasnick, @benedictevans, @nassyweazy, @jonrog1, @moonbeamnetwork, @benedictevans, and @samczsun
| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
Source:
Under the Hood. More:
New York Times, Decrypt, Mercury News, AltFi, Newslit Daily, Fortune, Crypto Daily, Crypto Briefing, Global Nerdy, Watcher Guru, The Guardian, Observer, The Block, PYMNTS.com, Silicon Valley Business …, Forbes, Reuters, and The Information
Tweets: @ronlieber, @rmac18, @menlobear, @michelezanini, @bullandbaird, @ahcastor, @carnage4life, @steveclapham, @seldo, @seldo, @quinnypig, and @carlquintanilla
| Ashley Capoot / CNBC: |
More:
Robinhood - Investor Relations, TechSpot, CryptoPotato, Cointelegraph, The Verge, SiliconANGLE, and CoinDesk
Tweets: @carnage4life, @chriskeall, and @karaswisher
| Adam Morgan McCarthy / The Block: |
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO — - Michael Saylor is set to step down from his role as CEO and become an executive chairman.
More:
Bloomberg, MicroStrategy, Yahoo Finance, Bloomberg, CoinDesk, Finbold, Web3 is going just great, Crowdfund Insider, Coinspeaker, UNBANK, Blockworks, Bitcoin Magazine, Decrypt, and The Verge
Tweets: @frances_coppola, @saylor, @web3isgreat, @saylor, @mayhem4markets, @moonlamboio, @carnage4life, @concodanomics, @caspiancey, @dennis_porter_, @concodanomics, @grady_booch, @wublockchain, @cnbcjou, @concodanomics, @cryptowhale, @carnage4life, @johnreedstark, @degentraland, @udiwertheimer, @ahcastor, @autismcapital, @garyblack00, @digitalassetbuy, @dylanleclair_, and @kenziesigalos
| Nikkei Asia: |
US House Speaker Nancy Pelosi meets with TSMC chairman Mark Liu and others to discuss implementation of the Chips and Science Act during her Taiwan visit — TAIPEI — U.S. House Speaker Nancy Pelosi met with Taiwan's most important chip industry leaders in Taipei on Wednesday as part …
More:
9to5Mac, Reuters, Bloomberg, Washington Post, Protocol, Clandestine's Newsletter, Bloomberg, Fortune, Wall Street Journal, Qlobal-Change, TechNode, Reuters, DigiTimes, and Barron's Online
Tweets: @jchengwsj, @speakerpelosi, @speakerpelosi, @akinunver, @business, @pelositracker_, and @silvermanjacob
| Financial Times: |
More:
Stratechery, Tom's Hardware, Technopolitik, The Economic Times, and Silicon Republic
Tweets: @muradahmed, @leilamechoui, @chinabeigebook, and @nikkeiasia
| Thomas Seal / Bloomberg: |
Textbook publisher Pearson plans to turn its e-books into NFTs so the company can profit from secondhand sales — The chief executive officer of Pearson Plc, one of the world's largest textbook publishers, said he hopes technology like non-fungible tokens and the blockchain could help …
More:
The Guardian, Telegraph, Cryptoflies, and Cointelegraph
| Sarah Perez / TechCrunch: |
Match Group says Tinder CEO Renate Nyborg is leaving after less than a year, reorganizes the app's management team, and ends Tinder's crypto and metaverse plans — Dating giant Match Group announced a series of changes to Tinder's management team alongside the announcement of disappointing second-quarter earnings on Tuesday.
More:
The Verge, Reuters, Engadget, The Guardian, CNBC, ExchangeWire.com, The Economic Times, Cryptonews, and International Business Times
Tweets: @jbursz, @sameepa, @mrinaldesai, and @mikebutcher
| Jamie Crawley / CoinDesk: |
Chiliz, which owns digital fan token service Socios, buys a 24.5% stake in soccer club Barcelona's Barça Studios for $100M and will help expand Web3 offerings — Chiliz has acquired a 24.5% stake in Barca Studios, the Spanish soccer giant's digital-content creation arm.
More:
Socios.com, FC Barcelona, Decrypt, Channel NewsAsia, BeInCrypto, ESPN.com, Bitcoinist.com, and Bitcoin News
Tweets: @fcbarcelona, @socios, @socios, @josephmdurso, @samuelmarsden, @josephmdurso, @graemebailey, @josephmdurso, @uglygame, and @wublockchain
| Jessica Klein / Input: |
An interview with Bored Ape Yacht Club creators Greg Solano and Wylie Aronow on BuzzFeed “doxxing” them, Yuga Labs, the future of BAYC, Otherside, and more — The evening of February 4, business partners Greg Solano, 33, and Wylie Aronow, 35, were at their respective homes …
More:
BanklessDAO Italia. Tweets: @nickchilds, @inputmag, @taylorlorenz, @ethangach, @jiwilde, @markyarm, @inputmag, and @inputmag
| Natasha Mascarenhas / TechCrunch: |
Y Combinator shrinks its Summer cohort to nearly 250 companies, down 40% from 414 in its Winter cohort, due to the downturn in the economy and VC environment — Technically, the accelerator is more exclusive now — Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch.
More:
The Information, The Economic Times, and Tech in Asia
Tweets: @nmasc_, @nmasc_, @brianroemmele, @robustus, and @ulonnaya
| Financial Times: |
Source: Meta Global Affairs President Nick Clegg is partly relocating to London for personal reasons, splitting his schedule between California and the UK — Global affairs chief will split his time between UK and California as social media group embraces remote leadership
More:
Bloomberg, The Guardian, The Guardian, Daily Mail, Fortune, and Social Media Today
Tweets: @henrymance, @muradahmed, @aulia, and @daaronovitch
| Takashi Mochizuki / Bloomberg: |
Nintendo misses with Q1 sales down 4.7% YoY to ~$2.3B and operating profit down 15.1% YoY to ~$763M; Switch sales fell 22.9% YoY to 3.43M — Nintendo Co. reported worse-than-expected first-quarter earnings on Wednesday as a weaker yen failed to offset declining hardware and software sales.
Source:
Nintendo Investor Relations. More:
VentureBeat, Game Developer, Engadget, GamesIndustry.biz, VentureBeat, Wccftech, Agence France-Presse, Video Games Chronicle, Reuters, Lil Durk, and iMore
Tweets: @6d6f636869 and @mattsainsb
| Ingrid Lunden / TechCrunch: |
Thoma Bravo plans to acquire enterprise identity management service Ping Identity in an all-cash $2.8B deal; Ping reported $72M in Q2 revenue, below estimates — After a tough few months in the markets for Ping Identity, the enterprise identity management company today announced a big move …
More:
Ping Identity Corp., HealthcareInfoSecurity.com, Reuters, Barron's Online, MarketScreener, and SecurityWeek. Thanks:@ingridlunden
| Zhiyuan Sun / Cointelegraph: |
Nansen: users spent ~$2.7B worth of ether to mint NFTs in H1 2022; 50.7% of the ETH raised stayed with the NFT projects and 45.7% went to non-entity wallets — Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong.| Kate Kaye / Protocol: |
Due to concerns over cloud computing costs, some companies are shifting their data and ML models to on-premises servers and investing in hybrid infrastructure — A quick-service restaurant chain is running its AI models on machines inside its stores to localize delivery logistics.
Tweets: @tariqkrim and @counternotions
| Kate Beioley / Financial Times: |
In a U-turn, the UK's CMA provisionally agrees to the $8B merger between Avast and NortonLifeLock, citing “significant competition” from McAfee and others — Avast shares rise more than 40% after CMA provisionally agrees $8bn merger with US rival
More:
GOV.UK, TechCrunch, The Register, Neowin, Bloomberg, and SecurityWeek
| Saritha Rai / Bloomberg: |
Internal memo: Zomato appoints four CEOs to lead each of its key business units Zomato, Blinkit, Hyperpure, and Feeding India and plans to rename itself Eternal — Zomato Ltd., the Indian food-delivery company that went public last year, is appointing chief executive officers to lead …
More:
Moneycontrol, Reuters, The Economic Times, Livemint, Business Today, MediaNama, Telegraph India, The New Indian Express, and Entrackr
Tweets: @ron_miller, @johnreddyk, @chandrarsrikant, and @sub8u
| Michael Kan / PCMag: |
A US jury finds a former T-Mobile store owner guilty of hacking T-Mobile staff to access internal tools that he used to unlock customers' phones, raking in $25M — Argishti Khudaverdyan was found guilty of various offenses after he stole login credentials from more than 50 different T-Mobile employees across the US.| Tom Warren / The Verge: |
NPD Group: US consumer spending on video game products fell 13% YoY to $12.35B in Q2 2022; non-mobile subscription content was Q2's only segment that saw growth — The video game industry growth has slowed down — US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD.
Source:
NPD Group. More:
The Shortcut, Metro.co.uk, Dot Esports, b'dot.LA', and Slashdot
Tweets: @matpiscatella, @benjisales, @bahlivern, @boundarybreak, @necksplitter, @mavriqgg, @paultassi, @zeuslfc, @legacykillahd, and @tomwarren
| Mike Wheatley / SiliconANGLE: |
Aisera, which is developing an AI-based customer service requests system, raised a $90M Series D led by Goldman Sachs and Thoma Bravo — Aisera Inc., an artificial intelligence-powered “service experience” startup that aims to enhance employee and customer experiences …
More:
TechCrunch, VentureBeat, and Aisera
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