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November 8, 2022, 11:10 AM
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WeSmirchTop News
| Sam Reynolds / CoinDesk: |
FTX's FTT drops 30%+ to around $15 as investors fear possible contagion from the collapse of FTX-linked Alameda; Nansen shows FTX outflows reached $450M+ — FTT has declined nearly 20% over the course of an hour, with Solana's SOL down 17% and Serum's SRM off 10%.
More:
BitDAO, Reuters, CNBC, Bloomberg, The Block, CoinDesk, Bloomberg, Crypto Briefing, CoinJournal, The Crypto Basic, CoinGape, Bitcoin News, CryptoSlate, Watcher Guru, Bitcoin Magazine PRO, Decrypt, crypto.news, CoinDesk, Quartz, MarketWatch, Australian Financial Review, NewsBTC, Bitcoinist.com, Inside Bitcoins, Cryptonews, and Coinspeaker
Tweets: @benbybit, @carolinecapital, @vetlelunde, @alex_valaitis, @lookonchain, @cz_binance, @alex_valaitis, @claritytoast, @wublockchain, @runnerxbt, @clara_medalie, @clara_medalie, @wublockchain, @sheldon_sniper, @garyblack00, @emperorbtc, @mikeburgersburg, @milesdeutscher, @thecryptolark, @fintechfrank, @inmortalcrypto, @algodtrading, @bull_bnb, @wizardofsoho, @kacjons, @cryptodonalt, @enjoyoor, @0xboccaccio, @cobie, @cumberlandsays, @mayazi, @cobie, @cobie, @teddycleps, @whale_alert, @coloradotravis, @fintechfrank, @bitbitcrypto, @laurashin, @nekoztek, @excellion, @ctolarsson, @damedoteth, @whale_alert, @degenspartan, @aureliusbtc, @galois_capital, @degenspartan, @tarunchitra, @bneiluj, @algodtrading, @ashcryptoreal, and @cumberlandsays
| Yogita Khatri / The Block: |
On-chain data from Ethereum, Tron, and Solana: FTX appears to have stopped processing withdrawal requests, starting at 6:37am ET for ether — - Crypto exchange FTX seems to have stopped processing withdrawal requests, according to on-chain data. — The last outgoing transaction …
More:
CNBC, CryptoSlate, Trustnodes, Bitcoinist.com, CryptoPotato, CoinGape, and Ethereum World News
Tweets: @blockanalia, @cryptomanran, @firstadopter, @dogetoshi, @tier10k, @scopeprotocol, @wublockchain, @justinbennettfx, @0xtuba, @justinbennettfx, @ivanthek, @gainzy222, @219_eth, @cobie, @grdecter, @asvanevik, @backpackerfi, @pourteaux, @tomdwan, @thedustybc, @punk9059, @asvanevik, @bitcoinbirch, @tedtalksmacro, @epsilontheory, @coinmamba, @silvermanjacob, @219_eth, @lopp, @adamscochran, @0xkinnif, @dogetoshi, @tier10k, @carnage4life, @ryansadams, @tier10k, @udiwertheimer, @dogetoshi, @hc_capital, @iiicapital, @fomocapdao, @dogetoshi, @thecryptodaddi, @seyitaylor, @astro__magic, @sss4321_s, @emilyjnicolle, @smtuffy, @cryptomichnl, @sabocrypto, @alex_kirshner, @rleshner, @loopifyyy, @alex, @cobie, and @wassielawyer
| Andrew Rummer / The Block: |
FTX CEO Sam Bankman-Fried says “FTX is fine” as Binance begins selling FTX's FTT token; an Alameda balance sheet leaked on November 2 showed $8B in liabilities — - FTX CEO Sam Bankman-Fried insisted his crypto exchange is “fine” after rival Binance announced it would start selling its holdings of FTX's FTT token.
More:
Bloomberg, Protocol, CoinDesk, Decrypt, Finbold, crypto.news, Cryptonews, CoinGeek, CoinGape, and CryptoSlate
Tweets: @cz_binance, @sbf_ftx, @cz_binance, @carolinecapital, @starokg, @ftx_official, @cz_binance, @sbf_ftx, @sbf_ftx, @milesdeutscher, @sbf_ftx, @heyibinance, @sbf_ftx, @hsakatrades, @ki_young_ju, @sbf_ftx, @asvanevik, @asvanevik, @carolinecapital, @cz_binance, @timccopeland, @samuelalpha77, @asvanevik, @autismcapital, @coinmamba, @johnreedstark, @dystopiabreaker, @raoulgmi, @jimcramer, and @cz_binance
| Casey Newton / Platformer: |
Sources: Elon Musk pitched charging most or all Twitter users for a subscription; internal estimates show Blue could lose the company ~$6/user/month in the US — Will he go through with it? PLUS: Botched layoffs, how the new Blue could lose money, and more
More:
Gizmodo, Fortune, Thurrott, Insider, 9to5Mac, CNBC, Vox, Mashable, Howard Lindzon, MSPoweruser, Neowin, Android Headlines, Marques Brownlee on YouTube, TheGamer, and International Business Times
Tweets: @caseynewton, @nickstatt, @zoeschiffer, @shaun_vids, @ow, @clarajeffery, @theinnersunset, @jordanuhl, @joshtpm, @mat, @kevinriggle, @theashrb, @ashleylatke, @alexandraerin, @byajperez, @nberlat, @guslivesagain, @jrhennessy, @soledadobrien, @eliothiggins, @tomaxwell, @oo_ngi, @greg_doucette, @waywardwinifred, @bobbybigwheel, @jayrosen_nyu, @maxkennerly, @bydavidgardner, @michaeldweiss, @carnage4life, @rothschildmd, @therealhoarse, @jmpsimor, @chuckwendig, @hyperplanes, and @pati_gallardo
| Jonathan Vanian / CNBC: |
Early Twitter investor Chris Sacca says Elon Musk is “alone right now and winging this” and needs people around him willing to “speak some truth to power” — - Venture capitalist Chris Sacca was one of Twitter's first investors and an early user.
More:
The Atlantic, Insider, Webb Chatham Report, and Fortune
| Alex Heath / The Verge: |
Source: Twitter tells advertisers the service added 15M+ mDAUs since the end of Q2, “crossing the quarter billion mark”; Musk also tweeted user numbers are up — Twitter's daily user growth hit “all-time highs” during the first full week of Elon Musk owning the platform …
More:
Finbold, Insider, Fortune, Financial Times, ZDNet, TechCrunch, Insider, MacDailyNews, Observer, Mashable, and TechCircle
| Financial Times: |
Analysis: Apple's corporate diplomacy in Beijing helped it evade crackdowns and kept its profits above China's tech giants but exposes it to supply chain shocks — The most profitable tech company operating in China is not a homegrown internet giant such as Alibaba or Tencent, but California-based Apple.
More:
New York Times, AppleInsider, 9to5Mac, Philip Elmer‑DeWitt, and Appuals.com
Tweets: @niubi, @tonytassell, @1br0wn, @trippmickle, @elimeixler, @jacknicas, @carlquintanilla, and @elimeixler
| Ryan Mac / New York Times: |
As Twitter's problems mount, Elon Musk is on pace to tweet over 750 times in November, or more than 25 times a day, up from around 13 per day in April — The new owner of Twitter has embarked on a tweeting spree to push back, spar and justify his actions. — Ryan Mac, who is based in Los Angeles …
More:
Wired, Insider, and Axios
Tweets: @meslackman, @tuviae, @aaschapiro, @trippmickle, @tigerbeat, @laurenshirsch, and @rmac18
| Takashi Mochizuki / Bloomberg: |
Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, and cuts its fiscal year Switch sales forecast by 10% to 19M; a weakened yen boosts results — Nintendo Co. cut its fiscal-year forecast for Switch console sales by 10% to 19 million after reporting earnings in line with expectations.| Jane Lanhee Lee / Reuters: |
Nvidia offers Chinese customers the A800 GPU, which the company says meets US export control rules, as an alternative to the A100 that the US banned for export — U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed … | Steven Levy / Wired: |
Inside Meta's Oversight Board after two years: $150M funding through 2025, ~2M appeals, 28 rulings, and 119 recommendations, as it begins to win over critics — Mark Zuckerberg set up the panel to investigate how his company handles controversial posts. Now its members want to transform how social platforms work.
Tweets: @klonick, @codycombsnews, @stevenlevy, and @taniaglezaz
| Mark Gurman / Bloomberg: |
Sources: Apple's search for a new product design lead has been hindered by high turnover, leaving few candidates for a department still in Jony Ive's shadow — Turnover at Apple Inc. has hindered efforts to replace the head of product design, leaving a gaping hole at the helm … | Joseph Menn / Washington Post: |
An investigation shows TrustCor Systems, used by Chrome, Safari, and Firefox as a root certificate authority, has connections to US intel and law enforcement — TrustCor Systems vouches for the legitimacy of websites. But its physical address is a UPS Store in Toronto.
Tweets: @v0max, @v0max, @pauldokas, and @v0max
| Andrew J. Hawkins / The Verge: |
Google and Renault expand their four-year partnership to develop a “software-defined vehicle” based on Google's Android Automotive OS — This “software-defined vehicle” will be built on Google's Android Automotive operating system and send data to the company's cloud servers for processing, the companies announced.
More:
Google Inc., PYMNTS.com, Tech Monitor, Bloomberg, Engadget, TechRadar, Reuters, Telematics News, Coinspeaker, T3, CNBC, and 9to5Google
| Jason Schreier / Bloomberg: |
Take-Two reports Q2 bookings up 53% YoY to $1.5B, below $1.55B estimates, and revises FY 2023 bookings down to $5.5B; stock drops 17%+ — Take-Two Interactive Software Inc. reduced its annual forecast for net bookings in the wake of an industrywide spending slowdown, particularly in mobile gaming.| Financial Times: |
Sources: responding to a slowing economy and weakening ad market, ByteDance overhauls TikTok's US operations, including demoting general manager Sandie Hawkins — Chinese-owned social platform makes sweeping leadership changes in its largest market — TikTok's US operations are undergoing … | Dean Takahashi / VentureBeat: |
Activision Blizzard reports Q3 net bookings down 3% YoY to $1.83B vs. $1.7B est., and MAUs down 6% YoY to 368M; Modern Warfare II made $1B+ in its first 10 days — Activision Blizzard reported that its bookings for the third quarter ended September 30 fell 3% to $1.83 billion compared to a year ago.
More:
Activision Blizzard, Inc., TheGamer, Pure Xbox, and TrueAchievements
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