Techmeme
November 9, 2022, 4:19 AM

Top News

Changpeng Zhao / @cz_binance:
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence  —  This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
More: Semafor, CoinDesk, coinbase.com, New York Times, BBC, The Block, CoinDesk, Bloomberg, Ed Zitron's Where's Your Ed At, Decrypt, Cointelegraph, Wall Street Journal, The Block, CNBC, Forbes, CoinGape, Inside Bitcoins, Coinpedia Fintech News, TrackRecord Daily, Cryptonews, BTC Times, Watcher Guru, The Economic Times, Reuters, The Daily Hodl, Australian Financial Review, The Good Contributor, Forkast, The Information, TheStreet, Mashable, Crypto Adventure, Web3 with TPan, TechCrunch, Fortune, and Bitcoin News
Tweets: @sbf_ftx, @cz_binance, @cz_binance, @shaanvp, @sbf_ftx, @ericnewcomer, @sbf_ftx, @wassielawyer, @thestalwart, @sbf_ftx, @lizrhoffman, @fintwit_news, @danprimack, @arthur_0x, @sbf_ftx, @ftx_official, @chrisfralic, @robinwigg, @hsakatrades, @danprimack, @sbf_ftx, @cl207, @julianhosp, @tree_of_alpha, @hsakatrades, @lizrhoffman, @tuurdemeester, @robinwigg, @carnage4life, @hodlkryptonite, @cryptohayes, @lizrhoffman, @algodtrading, @spreekaway, @marketsmeowmeow, @cobie, @hodlkryptonite, @cobie, @patrickmcgee_, @tier10k, @autismcapital, @alex, @stackhodler, @elliotrades, @crypto_chase, @julianhosp, @asvanevik, @cryptoharry_, @bondhack, @coffeebreak_yt, @founderflori, @odell, @ashcryptoreal, @lex_node, @stoolpresidente, @matthewstoller, @marionawfal, @altcoinpsycho, @carnage4life, @simondixontwitt, @tuurdemeester, @hosseeb, @coinmamba, @litcapital, @bongcapital, @autismcapital, @fmanjoo, @solanaspaces, @biancoresearch, @alex, @alex, @arpitrage, @pkafka, @matthewstoller, @peter_tl, @fintechfrank, @byzgeneral, @paul_griffiths, @smtrades_, @edzitron, @shaanvp, @dougboneparth, @buccocapital, @autismcapital, @claritytoast, @austen, @cobie, @foldablehuman, @tomgara, @dylanleclair_, @tracyalloway, @iamdcinvestor, @cryptodonalt, @tensaicapital, @founderflori, @zachweinberg, @cz_binance, @tphillips, @ashcryptoreal, @thinkingusd, @nope_its_lily, @ncweaver, @levynews, @raoulgmi, @carnage4life, @219_eth, @loganbartlett, @jaypinho, @thinkingusd, @alistairmilne, @tylercowen, @realmeetkevin, @claritytoast, @paul_griffiths, @johnedeaton1, @lessin, @crypto_bitlord7, @nkulw, @mattzeitlin, @smdiehl, @mayazi, @jillrgunter, @adamscochran, @pitdesi, @erickschonfeld, @cz_binance, @ericnewcomer, @scottmelker, @aeyakovenko, @fiskantes, @jvillalobos, @lawmaster, @wallstreetsilv, @abetrade, @wallstreetsilv, @noahpinion, @dominic_w, and @evan_lorenz
Tanaya Macheel / CNBC:
Coin Metrics: bitcoin falls 8%+ to ~$18,100 and briefly hit $17,300.80 on November 8, its lowest level since November 2020; ether drops 15% to ~$1,250  —  FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World  —  The cryptocurrency market tumbled …
Angus Berwick / Reuters:
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw ~$6B of net withdrawals in 72 hours  —  Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message …
Daniel Kuhn / CoinDesk:
How Binance exacerbated a bank run on FTX before offering to acquire the company, and why the potential deal represents a meteoric fall for Sam Bankman-Fried  —  Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown.  —  By Daniel KuhnLayer 2
Divya Balji / Bloomberg:
Sam Reynolds / CoinDesk:
Jay Peters / The Verge:
Twitter plans to label select accounts “Official” when the new Blue launches; not all previously verified accounts will get the label, which won't be for sale  —  Twitter is rolling out another type of check mark to help distinguish accounts that users actually need to know are real.
Wall Street Journal:
Sources: Mark Zuckerberg told Meta staff that layoffs begin on November 9, he is accountable for missteps, and his overoptimism about growth led to overstaffing  —  Meta Platforms Inc. will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday.
James Batchelor / GamesIndustry.biz:
Nintendo announces Nintendo Systems, a joint venture with DeNA, which co-developed Nintendo games for mobile like Super Mario Run, set to open in April 2023  —  New subsidiary will open in April 2023, focusing on research and development to improve Nintendo's digital business  —  At a glance
Takashi Mochizuki / Bloomberg:
Thomas Germain / Gizmodo:
Research suggests Apple collects data about iPhone usage even when the iPhone Analytics setting to “disable the sharing of Device Analytics altogether” is off  —  For all of Apple's talk about how private your iPhone is, the company vacuums up a lot of data about you. iPhones …
Lauren Forristal / TechCrunch:
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix's 223.1M in its Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M  —  Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …
Stephanie Bodoni / Bloomberg:
The European Commission opens an in-depth investigation into Microsoft's proposed $69B Activision Blizzard acquisition and sets a March 23 decision deadline  —  Microsoft Corp.'s proposed $69 billion takeover of games developer Activision Blizzard Inc. faces an in-depth European Union probe …
Lawrence Abrams / BleepingComputer:
Microsoft releases 68 security fixes, including patches for six actively exploited Windows zero-day flaws and 11 vulnerabilities classified as Critical  —  Today is Microsoft's November 2022 Patch Tuesday, and with it comes fixes for six actively exploited Windows vulnerabilities and a total of 68 flaws.
Zoya Mateen / BBC:
A profile of a16z's Sriram Krishnan, a former Twitter executive who left in 2021 and is helping Elon Musk run Twitter, reportedly as part of his “inner circle”  —  Twitter's new owner Elon Musk has whipped up a storm after he sacked thousands of employees last week.

Sponsor Posts

Google:
Try Gemini 3 Pro  —  Google's newest and most intelligent AI model that helps you bring any idea to life
Soxton:
AI-powered 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!
Zoho:
Zoho CRM Plus in 2025: A year of thoughtful CX improvements  —  2025 marked 11 years of building a customer experience platform designed to support organizations as customer expectations, channels …
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

Big Technology Podcast:
Alex And Ranjan's 2026 Outlook: ChatGPT 1 Billion, AI Shopping, Apple's Big Year, AI Love Boom
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:
Where Is All the A.I.-Driven Scientific Progress?
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.
The Talk Show With John Gruber:
'A Naughty Citizen', With Quinn Nelson
The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
Subscribe to The Talk Show With John Gruber.
Channels with Peter Kafka:
Podcast Pioneer PJ Vogt's Second Act: Less Budget, More Control
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
BG2 Pod:
AI Enterprise - Databricks & Glean
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.
Subscribe to BG2 Pod.
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 4:19 AM ET, November 9, 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

Sydney Morning Herald:

Earlier Picks

Kollen Post / The Block: