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February 23, 2025, 2:50 PM
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Top News

Francisco Rodrigues / CoinDesk:
DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says “about 50%” of funds were withdrawn  —  Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered …
David Yaffe-Bellany / New York Times:
Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world  —  Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
RT Watson / The Block:
Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history
Mark Gurman / Bloomberg:
Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU  —  Last week, Apple introduced the long-awaited successor to the iPhone SE: the iPhone 16e.  In doing so, it all but abandoned the budget smartphone market.
Sean Hollister / The Verge:
Nvidia confirms a “rare” manufacturing issue affecting under 0.5% of RTX 5090 and 5070 Ti GPUs, which are missing render units, the latest hitch since launch  —  Where did the ROPs go? … In the grand scheme of things, that doesn't sound like a lot of affected GPUs …
Evan Ratliff / Wired:
A deep look at “the Zizians”, a cult-like group of young tech people exiled from Silicon Valley's rationalist community and allegedly linked to a killing spree  —  A handful of gifted young tech people set out to save the world.  For years, WIRED has been tracking each twist …
Julie Jargon / Wall Street Journal:
Some US school districts are adopting Sonny, an AI “wellbeing companion,” to provide mental health support to students when there aren't enough counselors  —  Is a human-AI texting service the future of mental-health care for students?  —  Teens around the country are confiding …
Enock Nyariki / Poynter:
A Maldita study of nearly 1.2M Community Notes on X published globally in 2024 shows that professional fact-checkers are among the three most cited sources  —  Notes that cite fact-checkers earn more trust from X users and combat misinformation faster  —  When Meta CEO Mark Zuckerberg announced …
Scroll.in:
A look at India's Svamitva Scheme, which has digitally mapped out landholdings using drones in 300K+ villages as of January 2025, as concerns mount over errors  —  The Svamitva scheme seeks to use drones to map out landholdings in inhabited rural areas.  But so far, work has been opaque and riddled with errors.
Andrew Deck / Nieman Lab:
Some journalists are taking freelance jobs with AI training data companies like Scale AI, which recruit them for tasks such as fact-checking and prompt drafting  —  The gig work platform Outlier is one of several companies courting journalists to train large language models (LLMs).

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This is a Techmeme archive page. It shows how the site appeared at 2:50 PM ET, February 23, 2025.

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From Mediagazer

Michael Savage / The Guardian:
In written testimony, a private investigator says Mail titles remained his “best customers” for two years after his 2005 conviction for disclosing private info

Pew Research Center:
Survey: 80% of Americans say being informed about the news is essential to voting, but only 8% say people in the US have a responsibility to pay for news

Caitlin Huston / The Hollywood Reporter:
Fox-owned podcasting company Red Seat Ventures acquires subscription monetization company Supercast, as it ramps up its podcasting efforts

More News

Kendra Barnett / Adweek:
X is rolling out Grok-powered AI tools for advertisers to generate ready-to-use ad copy and imagery and provide campaign performance analysis
Erin Griffith / New York Times:
Many SV startups are using AI to boost productivity in research, coding, and more, reducing reliance on VC money for hiring, fueling “tiny team” success stories

Earlier Picks

Davide Castelvecchi / Scientific American:
Some physicists are skeptical about Microsoft's claims of achieving a quantum computing breakthrough with Majorana 1, citing the lack of detailed evidence
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