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June 30, 2024, 12:00 AM
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memeorandum
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| Paul Kiernan / Wall Street Journal: |
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying — Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push| Janko Roettgers / The Verge: |
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022 — Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.
More: Deadline, Fortune, Cord Cutters News, Variety, and Engadget
Mastodon: @jank0@sfba.social and @carnage4life@mas.to
X: @goparsons, @televisionaryzw, @eriqgardner, and @ranjanxroy
Forums: Hacker News, r/lebowski, and r/movies
| The Information: |
Source: Amazon plans to use a controversial trade rule used by Temu and Shein, which exempts packages worth $800 or less from tariffs, for its discount section — Amazon is planning to use the same controversial trade rule as Temu and Shein to import items sold on its upcoming discount …
More: South China Morning Post, Solondais, The Atlantic, Malwarebytes, and Disconnect. X: @theo_wayt
| Wired: |
Filings and DOJ officials describe how a gang threatened, assaulted, and tortured 11 victims in likely the worst crypto-focused serial extortion case in the US — More than a dozen men threatened, assaulted, tortured, or kidnapped 11 victims in likely the worst-ever crypto-focused serial extortion case of its kind in the US.
More: US Department of Justice, Metacurity, and The Daily Hodl
Mastodon: @agreenberg@infosec.exchange. X: @talbeerysec, @archerships, @sethforprivacy, @seppuku_you, @a_greenberg, and @jgrantindc
LinkedIn: Claudia Quiroz, Andy Greenberg, and Kyle Armstrong
Forums: Hacker News, r/Buttcoin, r/CryptoCurrency, r/Bitcoin, and r/Bitcoin
| Foo Yun Chee / Reuters: |
EU tech regulators asked Temu and Shein to provide details on how they comply with the Digital Services Act by July 12, following complaints by consumer bodies — Chinese fast-fashion e-commerce retailer Temu and China-founded peer Shein were ordered by EU tech regulators to provide details …
More: European Commission, European Commission, Agence France-Presse, Solondais, TechCrunch, Euractiv, and Bloomberg
X: @eu_commission and @rita_wezenbeek
| Nikhilesh De / CoinDesk: |
A US judge rules that SEC charges against Binance, Binance.US, and CZ for violating federal securities laws can proceed, but dismisses secondary sales charges — A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.| Dallin Grimm / Tom's Hardware: |
Hugging Face unveils Open LLM Leaderboard v2 that tests models across six benchmarks; Chinese models dominate the top 10 with Alibaba's Qwen taking the top spot — Optimizing LLMs to be good at specific tests backfires on Meta, Stability. — Hugging Face has released its second LLM leaderboard …
More: Hugging Face, Hugging Face, WinBuzzer, VentureBeat, MarkTechPost, MarkTechPost, The Information, and Analytics India Magazine
Forums: Hacker News and Slashdot
| Bloomberg: |
Solera, which offers SaaS tools for integrated vehicle lifecycle and fleet management, files for a US IPO; sources: Solera may seek to raise as much as $1.5B — - Company may seek to raise as much as $1.5 billion in offering — Solera taken private in 2016 at about $6.5 billion valuation
More: MarketWatch and Reuters
| Christopher Mims / Wall Street Journal: |
How some doctors are using the Apple Watch to diagnose and help their patients manage medical conditions, despite the availability of FDA-approved devices — Some doctors are telling patients to get the watch to manage their conditions. Researchers study how it could be used for heart disease … | Evgeny Morozov / Financial Times: |
How Avery Johnson and Warren Brodey, early members of the American Society for Cybernetics, created a lab in 1967 with a utopian vision to personalize computing — In the late 1960s, a secret US lab was dedicated to mapping the edges of computing — At around 3pm on October 24 1968 …
X: @jonathanshainin, @justincormack, @evgenymorozov, @evgenymorozov, @profgeraintrees, @evgenymorozov, @evgenymorozov, @evgenymorozov, @wavesblog, @francesca_bria, @3eintelligence, @evgenymorozov, @evgenymorozov, @evgenymorozov, @cesarastudillo, @evgenymorozov, @evgenymorozov, @albert_sabater, and @evgenymorozov
| Emanuel Maiberg / 404 Media: |
A look at the disastrous launch of Stable Diffusion 3, which struggles to generate correct human anatomy, and concerns over the tool's new and different license — Stability AI botched the launch of its latest model, proving the Stable Diffusion community doesn't need the company that brought it to the world.| Luisa Beltran / Fortune: |
Chime buys enterprise employee rewards company Salt Labs, sources say in a deal worth up to $173M; Salt Labs had raised $18M and was valued at $80M in December — Jason Lee, the entrepreneur who cofounded the payroll service DailyPay, is selling his latest startup, Salt Labs, to neobank Chime Financial.
More: Axios, Chime, Forbes, Pulse 2.0, FinSMEs, PYMNTS.com, AlleyWatch, The Paypers, Crowdfund Insider, and Grit Daily News. X: @samboboev
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