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June 6, 2023, 4:10 PM
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Austin Weinstein / Bloomberg:
The SEC sues Coinbase, alleging the exchange operated as an unregistered broker since at least 2019 and broke the rules by offering “staking”; COIN drops 10%+  —  The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on Tuesday, alleging the crypto firm for years broke its rules.
More: U.S. Securities …, USDC SDNY, CNBC, Ars Technica, Reuters, The Block, PCMag, The Block, Wall Street Journal, CoinDesk, Financial Times, The Verge, Finbold, The Block, PYMNTS.com, CoinDesk, Metaverse Post, The Block, TechCrunch, Forbes, New York Times, Web3 is Going Just Great, Ethereum World News, Watcher Guru, NewsBTC, The Guardian, Wealth Management, Reuters, Tech Startups, Bitcoin News, Newser, crypto.news, Fortune, Coinspeaker, CCN.com, nft now, Finextra, Chamber of Progress, The Block, and TechCrunch
Bluesky: @caseynewton.bsky.social, @chrishornb.bsky.social, and @brandon.dimcheff.com
Tweets: @brian_armstrong, @secgov, @garygensler, @tier10k, @cz_binance, @tuongvyle12, @cameron, @tier10k, @elonmusk, @tier10k, @iampaulgrewal, @jchervinsky, @jacksonrperry, @barrysilbert, @meattc_, @mayazi, @jack, @wublockchain, @coinbase, @eleanorterrett, @garygensler, @sino_market, @jwverret, @ryansadams, @jack, @dogetoshi, @functi0nzer0, @matthuang, @thecryptolark, @ldrogen, @awawat_trades, @robustus, @degenspartan, @ben_mckenzie, @tuurdemeester, @sh_brennan, @adamscochran, @eleanorterrett, @spreekaway, @davidgura, @mdudas, @dlauer, @tphillips, @bamabonds, @grummz, @mayazi, @stephanlivera, @erikvoorhees, @matthuang, @twobitidiot, @theemilyaccount, @leomschwartz, @defiyst, @mrjasonchoi, @qwqiao, @cryptoalle, @ap_abacus, @dogetoshi, @hsakatrades, @alexandergrieve, @thestalwart, @nathandeandc, @smtuffy, @functi0nzer0, @lopp, @smtuffy, @mdudas, @adamscochran, @dylanleclair_, @odell, @joshgiersch, @mptherealmvp, @dlauer, @dystopiabreaker, @adamscochran, @tree_of_alpha, @leomschwartz, @katie_martin_fx, @iamdcinvestor, @mdudas, @sassal0x, @thestalwart, @0xmert_, @abu9ala7, @toptickcrypto, @trustlessstate, @pt, @quantian1, @deitaone, @cryptowendyo, @jacqmelinek, @autismcapital, @ramahluwalia, @nycsouthpaw, @udiwertheimer, @lsukernik, @progresschamber, @antoniomjuliano, @ki_young_ju, @wclementeiii, @thestalwart, and @calvinayre
Matt Levine / Bloomberg:
A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal
Matthew Panzarino / TechCrunch:
Hands-on with the Apple Vision Pro, which seems to be a genuine leapfrog in XR capability and execution, offering near-perfect eye tracking and gesture control  —  After a roughly 30 minute demo that ran through the major features that are yet ready to test I came away convinced that Apple …
Ben Thompson / Stratechery:
The Apple Vision Pro's potential use cases are incredibly compelling but Apple's push for even more personal experiences contributes to loneliness in society  —  It really is one of the best product names in Apple history: Vision is a description of a product, it is an aspiration for a use case …
Mark Gurman / Bloomberg:
The Apple Vision Pro may take at least five years to supplant the iPhone, highlighted by Tim Cook not wearing one at WWDC; the UI is the most impressive part  —  Hey everyone, it's Mark.  Apple introduced the Vision Pro on Monday at WWDC, looking to an era beyond the iPhone, iPad and Mac.
Todd Spangler / Variety:
Apple plans to launch the Vision Pro alongside Disney+ and hundreds of thousands of iPhone and iPad apps, like Word and Excel, and support the Unity game engine
Stephen Warwick / iMore:
Apple accidentally made the iOS 17, iPadOS 17, watchOS 10, and macOS Sonoma developer betas available to all, including those without paid developer accounts  —  What is going on here?  —  Apple has massively screwed up distributing the iOS 17 developer beta, accidentally making it available …
Michael Grothaus / Fast Company:
An interview with Craig Federighi on the privacy and safety enhancements in iOS 17, iPadOS 17, watchOS 10, and macOS Sonoma, AI-based security tools, and more  —  It used to be just technology journalists and privacy advocates who got excited about the new privacy features that Apple …
Alex Konrad / Forbes:
Sequoia plans to split into three VC firms, Sequoia in the US and Europe, HongShan in China, and Peak XV in India and Southeast Asia, “no later than” March 2024  —  Venture capital's biggest global brand is breaking up, with Sequoia's China and India and Southeast Asia funds relaunching …
Tom Wilson / Reuters:
Nansen: investors have pulled ~$780M on Ethereum from Binance and $13M from its US affiliate in the past 24 hours, following the SEC's lawsuit  —  Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said on Tuesday …
Yueqi Yang / Bloomberg:
In its Binance and Coinbase lawsuits, the SEC cited 12+ coins as assets under its purview, taking the value of tokens deemed unregistered securities to $120B+  —  The list of digital tokens deemed as unregistered securities by the Securities and Exchange Commission now spans over $115 billion …
New York Times:
The SEC sues Binance and CEO Changpeng Zhao, accusing the company of mishandling billions in customer funds, lying to regulators and investors, and more
More: Unchained Crypto, Gizmodo, The Block, Binance Blog, CNBC, U.S. Securities …, The Verge, Bloomberg, Reuters, CoinDesk, Wall Street Journal, Metaverse Post, US District Court for the District of Columbia, CoinDesk, Bitcoinist.com, Unchained Crypto, TechCrunch, Forbes, CCN.com, Coinspeaker, Cryptonews, CoinGape, The Verge, The Block, Financial Times, and Axios
LinkedIn: Maha Al-Saadi and Dawn Kopecki.  Bluesky: @dmnd.me
Tweets: @secgov, @thestalwart, @cz_binance, @cz_binance, @binance, @tier10k, @justinsuntron, @jack, @dogetoshi, @splitcapital, @tier10k, @nansen_ai, @spreekaway, @tier10k, @dogetoshi, @dogetoshi, @bitfinexed, @cz_binance, @collins_belton, @gordonjohnson19, @nytimesbusiness, @ryansadams, @johnreedstark, @wublockchain, @adamscochran, @collins_belton, @wublockchain, @wublockchain, @gergelyorosz, @bretdevereaux, @adamscochran, @tier10k, @thestalwart, @bonecondor, @adamscochran, @adamscochran, @matt_levine, @mikeisaac, @matt_levine, @paulkrugman, @wassielawyer, @wublockchain, @jeffjohnroberts, @katie_martin_fx, @katie_martin_fx, @karivmcmahon, @wolfofpoloniex, @cz_binance, @alex, @52kskew, @colorhedge, @adamscochran, @patio11, @alexweprin, @ftalphaville, @campbelljaustin, @ap_abacus, @katie_martin_fx, @wublockchain, @katie_martin_fx, @dogetoshi, @adamscochran, @binanceus, @fordm, @tier10k, @eleanorterrett, @kapursanat, @jamie247, @saliencexbt, @jeffjohnroberts, @udiwertheimer, @katie_martin_fx, @julie188, @thestalwart, @keithdsouza, @johnreedstark, @matthewstoller, @mikealfred, @mdudas, @matthewstoller, @mrjasonchoi, @prhillmann, @dlauer, @susanlitv, @adamscochran, @hsakatrades, @flitteronfraud, @silvermanjacob, and @twobitidiot
Benj Edwards / Ars Technica:
Apple didn't mention AI at WWDC 2023, instead referring to machine learning and transformers while describing features and touting M2 Ultra for training models  —  Apple prefers using “machine learning,” or just having AI work in the background.  —  Amid notable new products …
Kanishka Singh / Reuters:
Microsoft agrees to pay $20M to settle FTC charges over the company violating COPPA by collecting personal data from children without their parents' consent  —  Microsoft (MSFT.O) will pay $20 million to settle U.S. Federal Trade Commission (FTC) charges that the tech company illegally …
The Verge:
Apple acquires Mira, an LA-based startup that makes AR headsets for other companies and the US military; Mira raised ~$17M and once had Jony Ive as an adviser  —  Apple has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the US military …
Sabrina Ortiz / ZDNet:
Instagram appears to be testing an AI chatbot feature, similar to Snapchat's My AI, that offers 30 AI personalities for answering questions and giving advice  —  Meta rapidly adopted generative AI technology and incorporated it into various features across its platforms, including ads.
Marc Andreessen / Andreessen Horowitz:
A look at why AI will “save the world”, including by augmenting human intelligence, a case against the moral panic about AI, and the risks of not pursuing AI  —  The era of Artificial Intelligence is here, and boy are people freaking out.  —  Fortunately, I am here to bring the good news …
Priya Anand / Bloomberg:
Reddit defends its usage-based API pricing as covering costs, arguing the company “needs to be fairly paid to continue supporting high-usage third-party apps”  —  A number of Reddit forums plan to go dark for two days later this month to protest the company's decision to increase prices for third-party app developers.
Sarah McBride / Bloomberg:
Enterprise software startup Instabase raised a $45M Series C led by Tribe Capital at a $2B valuation, up from $1.05B for its $105M Series B in October 2019  —  Business services startup Instabase Inc. has raised a new round of funding that doubles its valuation to $2 billion …

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From Mediagazer

Axios:
Sources: Paramount seeks a business-side counterpart to Bari Weiss, implying she would oversee editorial across CBS News and CNN if Paramount's WBD deal closes

Scott Nover / Washington Post:
Email: the WH press corps won't be allowed on White House grounds Sunday due to the UFC fight; only press poolers will be allowed unless UFC gives credentials

Peter Chapman / Bloomberg:
The UK CMA launches a probe into Paramount's $110B acquisition of WBD, and sets an initial ruling deadline on August 7; the EU has already set a July 7 deadline

More News

Kathrin Hille / Financial Times:
In a first, geopolitics took center stage at TSMC's annual meeting; chair Mark Liu defended the global expansion and said “going to the US is not all downside”

Earlier Picks

Ryan Smith / AnandTech:
Intel details PowerVia, a backside power delivery network technology promising performance and manufacturing benefits, set to be introduced in its chips in 2024
Jon Porter / The Verge:
Apple announces macOS Sonoma, adding support for desktop widgets, a new Game mode that reduces latency, Safari updates, pinning web apps in the Dock, and more
William Turton / Bloomberg:
British Airways, the BBC, and others warn staff that their data may have been stolen in Progress' MOVEit tool hack; thousands of companies could be vulnerable
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