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March 8, 2025, 7:05 PM
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David Yaffe-Bellany / New York Times:
Source: Bybit hackers planted malicious code to manipulate transactions by compromising a developer's computer at crypto wallet provider Safe, used by Bybit  —  On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.
Wall Street Journal:
After the ~$1.5B hack, Bybit borrowed about $280M in ether from crypto industry peers to help process 350,000 customer withdrawal requests over 10 hours  —  Bybit survived, thanks to emergency loans from its peers, but questions over crypto industry's security linger
Wall Street Journal:
Sources detail how crypto flooded Trump with cash, including $50M+ in donations from at least eight execs, and how he is doing much of what the industry wants  —  The president had called cryptocurrency a ‘scam’ but during his campaign last year he was persuaded of its value, especially as an investment for the Trump family
David Yaffe-Bellany / New York Times:
The White House hosted its first Crypto Summit, bringing together top crypto executives, including Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss
Fortune:
Sources describe the collapse of fintech middleman Synapse that left ~$200M in customer money frozen, with entities blaming each other for shoddy recordkeeping  —  In 2022, after her family had a series of health scares, Kayla Morris sold her house.  She cleared $280,000, representing 15 years of her life savings.
Forums: Slashdot
Anthony Ha / TechCrunch:
A US federal judge allows the Kadrey v. Meta case, in which authors allege Meta violated IP rights by using their books to train Llama models, to move forward  —  A federal judge is allowing an AI-related copyright lawsuit against Meta to move forward, although he dismissed part of the suit.
Bloomberg:
As Japan copes with a labor shortage, its market for service robots, which assist people with tasks like waiting tables, is expected to almost triple by 2030  —  As Japan copes with a labor shortage, the service robot market is expected to triple in the next five years.
Todd Spangler / Variety:
A look at YouTube's origins, growth, and domination as the platform turns 20, including an interview with CEO Neal Mohan, who is nearing 10 years at the company  —  It's a muggy morning the day before the 2025 Super Bowl in New Orleans, and YouTube CEO Neal Mohan is stuck in parade traffic and not happy about it.
Ingrid Lunden / TechCrunch:
Crogl, whose AI agent helps cybersecurity researchers analyze daily network alerts to find and fix security incidents, raised a $25M Series A and a $5M seed  —  AI agents are marching across the world of IT, and on Thursday a startup called Crogl is debuting its contribution to the field …

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From Mediagazer

New York Times:
Sources: the White House directed FBI Director Kash Patel to personally oversee the probe into NYT reporting about Air Force One, before subpoenas were issued

Brooks Barnes / New York Times:
Lionsgate's Michael crosses $1B at the global box office, its first film to reach the milestone, per Rentrak, reviving Hollywood's last major independent studio

The Guardian:
Christopher Nolan says there's a “disdain” for AI, the idea that it “replaces” human creativity is “nonsense”, and he expects it to be useful in “imaging tools”

More News

Earlier Picks

CNN:
China plans a “state venture capital guidance fund”, expected to attract ~$138B over 20 years from local governments and private sector, to support AI and more
Jody Godoy / Reuters:
Filings: the US DOJ drops a bid to force Google to sell its AI investments to boost search competition but still seeks a court order requiring it to sell Chrome
Aaron Holmes / The Information:
Source: Microsoft has completed training a family of models, codenamed MAI, and is experimenting with swapping out OpenAI's models in Copilot for the MAI models
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