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October 11, 2025, 11:35 AM
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memeorandum
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| Sam Reynolds / CoinDesk: |
Crypto markets crashed after Trump threatened an extra 100% tariff on China, triggering $19.1B+ in liquidations, 10x+ the liquidations during the FTX crash — Trump's 100% tariff warning on China ignited a global sell-off that wiped out $16 billion in leveraged crypto longs and pushed Ethena's USDe to a rare sub-$1 print.| Dan Mangan / CNBC: |
President Trump says that the US will impose an extra 100% tariff on imports from China and “Export Controls on any and all critical software” from November 1 — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values — Ad Choices
More: Tom's Hardware, Fast Company, CNN, Blockonomi, Euro Weekly News, Yahoo Finance, Bitcoinist.com, TheStreet, WWD, RTÉ, Bitcoin Insider, The Kyiv Independent, The Independent, MarketWatch, Fortune India, The Guardian, RedState, Straight Arrow News, Supply Chain Dive, The Verge, Inc.com, Blaze Media, Fortune, Reuters, CoinDesk, Cointelegraph, CoinGape, BeInCrypto, Bitcoin Magazine, The Boston Globe, Benzinga, CNN, CBS News, Reuters, The Korea Herald, Financial Times, Forbes, UPI, Sky News, Alternet.org, Business news, New York Times, Wall Street Journal, Fox News, Crypto Briefing, Bloomberg Law, and The National Pulse
X: @whitehouse, @zephyr_z9, @trumpdailyposts, @chrisrmcguire, and @javierblas. Bluesky: @emilprotalinski. Truth Social: @realDonaldTrump …
| Sarah Perez / TechCrunch: |
Google adds a Chrome feature that automatically disables browser notifications from websites users haven't interacted with recently, on Android and desktop — Google's Chrome web browser is about to become much less noisy. — On Friday, the technology giant announced a new feature …
More: Chromium Blog, The Verge, KnowTechie, Android Central, Forbes, 9to5Google, Neowin, Engadget, Livemint, BleepingComputer, Android Authority, and Android Police. Forums: r/Android
| Laura Noonan / Bloomberg: |
In a report, the G20's Financial Stability Board says regulators are in the early stages of tracking risks posed to the financial system by AI's rapid adoption — Regulators are still at an “early stage” in their efforts to track the risks posed to the financial system by the rapid adoption … | Jeanny Yu / Bloomberg: |
An index of Chinese chip stocks is outperforming global peers, surging 50% since the end of June, amid rising investor caution about soaring valuations — China's chip stocks have staged a world-beating rally in the past few months on the nation's self-sufficiency push … | Nathan Lambert / Interconnects: |
Thoughts on The Curve conference, where prominent figures debated about AI progress, and why automating research engineers is plausible within years — The conference and the trajectory. — ARTICLE VOICEOVER … Audio playback is not supported on your browser. Please upgrade.| Billy Perrigo / Time: |
A look at Figure AI's new robot, Figure 03, which the company claims will be its first mass-producible humanoid capable of domestic chores and industrial labor — A dozen or so young men and women, eyes obscured by VR headsets, shuffle around a faux kitchen inside a tech company's Silicon Valley headquarters.
More: Dexerto, The Robot Report, Inc.com, Analytics India Magazine, New Atlas, and Digital Trends
X: @kylebrussell. LinkedIn: Pete Randaccio. Bluesky: @prietschka. Forums: r/Futurology, r/singularity, and r/neoliberal
| Reuters: |
Ten major banks including Bank of America, Deutsche Bank, and UBS announce an early-stage project to explore issuing stablecoins pegged to G7 currencies — - Group includes US, UK, Swiss, Japanese, Canadian lenders — Banks seeking to find their way as stablecoin demand grows| Athena Browning / Zag Daily: |
Filing: Lime's UK revenue rose 75% YoY to £111.3M in 2024, while its pre-tax profit fell to £1.71M, partly due to a £51.3M “reseller fee” paid to its US parent — Lime has reported a 75% jump in its UK revenue to £111.3 million in 2024 …
More: London Centric and The Standard
| Moneycontrol: |
Prosus invests ~$146M in Indian travel app ixigo for a 10.1% stake; sources say Prosus plans to buy more shares from other investors to raise its stake to 15% — Peak XV Partners will sell about 3 percent to Prosus and Elevation Capital will sell another 2 percent to Prosus …
More: Reuters, Business Standard, Times of India, Entrackr, Livemint, Tech in Asia, VCCircle, Fortune India, and Inc42 Media. LinkedIn: Chandra R. Srikanth
| Lora Kolodny / CNBC: |
Leaked audio: Apple nears a deal to acquihire computer vision startup Prompt AI; it was approached by other potential suitors, including xAI and Neuralink — Apple is in late-stage talks to acquire top talent from computer vision startup Prompt AI, as well as the company's technology, CNBC has learned.
More: The Economic Times, AppleInsider, iThinkDifferent, iClarified, Neowin, PhoneArena, The Verge, The Information, 9to5Mac, Appleosophy, and MacDailyNews. Forums: Slashdot
| Heather Knight / New York Times: |
Marc Benioff says President Trump is “doing a great job” and believes National Guard troops should be deployed to San Francisco to help reduce crime in the city — Mr. Benioff, the Salesforce C.E.O. and owner of Time magazine, once supported Hillary Clinton and a business tax for homeless services.
More: The Information, Los Angeles Times, Politico, The Economic Times, NBC Bay Area, ABC7, Moneycontrol, The San Francisco Standard, Implicator.ai, San Francisco Chronicle, SFist, The Verge, KTVU-TV, and TechCrunch
X: @scott_wiener, @bizcarson, @patrickmoorhead, @brookejenkinssf, @benioff, @scottnover, and @maxwelltani
Bluesky: @charliearchy, @parismarx.com, @markriedl, @self.agency, @mmasnick, @pbump.com, and @rmac
Mastodon: @obrhoff@mastodon.social and @kellan@fiasco.social
| Sharon Goldman / Fortune: |
Nathan Calvin, general counsel of AI safety nonprofit Encode, says OpenAI used intimidation tactics to undermine California's SB 53 while it was being debated — Nathan Calvin, the 29-year-old general counsel of Encode—a small AI policy nonprofit with just three full-time employees …
More: The Verge, The Decoder, Moneycontrol, and TechCrunch
X: @_nathancalvin, @tylerjnstn, @jachiam0, @sgandhi0, @_nathancalvin, @s_oheigeartaigh, @garymarcus, @_aidan_clark_, @lessig, @bradrcarson, @_nathancalvin, @tylerjnstn, @elonmusk, @neelnanda5, @timsweeneyepic, @jasonkwon, @elonmusk, @binarybits, @codytfenwick, @elonmusk, @_nathancalvin, @garymarcus, @_nathancalvin, @_nathancalvin, and @hlntnr
| Luke James / Tom's Hardware: |
Amkor breaks ground on advanced chip packaging campus in Arizona, with production expected by early 2028; state officials say Amkor's investment could reach $7B — Amkor moves in next door to TSMC as CHIPS Act funding continues to turn the Phoenix metro area into a chips hub.
More: Amkor Technology, Sherwood News, Manufacturing Dive, Verdict, DigiTimes, and eeNews Europe
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Decoder with Nilay Patel:
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