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May 11, 2022, 8:10 AM
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WeSmirchTop News
| Tim Copeland / The Block: |
Luna and its related UST stablecoin continue to crash; Luna drops to as low as $4.51, an 85% slide in 24 hours, while UST drops to as low as $0.27 — Quick Take — The price of Luna has dropped 82% in the last 24 hours. — Its related stablecoin UST has retreated even further from its dollar peg, falling to just $0.27.
More:
CoinDesk, Decrypt, The Block, Decrypt, Bloomberg, CoinDesk, CoinDesk, CoinDesk, Bitcoin News, Ethereum World News, Fortune, Bloomberg, Wall Street Journal, and CNBC
Tweets: @stablekwon, @katie_martin_fx, @laurashin, @davidgerard, @thestalwart, @stablekwon, @loopifyyy, @fintechintern, @terrabitespod, @cobie, @algodtrading, @web3isgreat, @davidshares, @larry0x, @altcoinpsycho, @lomahcrypto, @mdudas, @ryansadams, @novogratz, @0xdisco, @rj_killmex, @terra_money, @petermccormack, @carnage4life, @adam3us, @laurashin, @gbrl_dick, @thestalwart, @stablekwon, @stablekwon, @eevee, @smtuffy, @alexhern, @lawmaster, @cz_binance, @cz_binance, @bongcapital, @baekkyoumkim, @thestalwart, @twobitidiot, @speicherx, @davincij15, @glimmerycoin, @epolynya, @emilyjnicolle, @safetyth1rd, @emperorbtc, @0x_b1, @thecryptolark, @thinkingusd, @bongcapital, @trustlessstate, @xrpcryptowolf, @tradebutwhy, @scooterxbt, @punk6529, @lsukernik, @beniaminmincu, @hasufl, @whalepanda, @punk6529, @altcoinpsycho, @mhonkasalo, @thecryptodog, @ksicrypto, @coinmarketcap, @gfodor, @drwasho, @can, @loomdart, @0xmisaka, @cobie, and @tradermayne
| Bloomberg: |
In an interview, Gary Gensler says crypto exchanges are “commingling” services to the detriment of customers and highlights their ties with popular stablecoins — Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules …
More:
The Block, CryptoPotato, and Cryptopolitan
Tweets: @dylanleclair_, @doombergt, @macroedge1, @xrpcryptowolf, @silvermanjacob, @bitfinexed, and @smdiehl
| Paul Kiernan / Wall Street Journal: |
US Treasury Secretary Janet Yellen: passing legislation in 2022 to create a stablecoin regulatory framework “would be highly appropriate”, after UST's stumble — Treasury secretary expresses hope that Congress will pass legislation this year to create regulatory framework for stablecoins
More:
The Block, Gizmodo, The Block, Crypto Briefing, and banking.senate.gov
Tweets: @tier10k, @onchainwizard, @scottmelker, @wublockchain, @dogetoshi, @ohgodagirl, @asvanevik, @wsjmarkets, @wsj, @boredgenius, and @tomhschmidt
| Olga Kharif / Bloomberg: |
BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout — Blue-chip NFT collections like Bored Ape Yacht Club, which for a while outperformed the rest of the crypto market …
Tweets: @guy_freire, @mattbruenig, @cmsholdings, @tiggerscrypto, and @frances_coppola
| Frank Chaparro / The Block: |
More:
Bloomberg, Sam's Crypto Musings, and Crypto Daily
| Stacy-Marie Ishmael / Bloomberg: |
| Dave Lee / @daveleeft: |
[Thread] In an interview, Musk says Twitter has a “left bias”, he would “literally put” its “algorithm on GitHub”, and he thinks he would reverse Trump's ban — Twitter currently the “least bad” public square, @elonmusk says at #FTCar. “In order to be better at that it needs to get rid of the bots, the scams.” Live here: https://www.youtube.com/...
Source:
YouTube. More:
CNN, New York Times, Insider, Financial Times, TechCircle, Coinspeaker, and Financial Times
Tweets: @jack, @jack, @alexstamos, @jack, @danprimack, @alexstamos, @daveleeft, @daveleeft, @danprimack, @jack, @dfriedman33, @qwongsj, @arbiebaguios, @alexstamos, @seike_kerbera, @michaelemann, @digiphile, @b_fung, @w_terrence, @davidlaz, @ggreenwald, @viacristiano, @donie, @yashar, @ruskin147, @rmac18, @alexhern, @alexstamos, @gregkellyusa, @grady_booch, @meyerweb, @ggreenwald, @alexstamos, @alexstamos, @pkafka, @tsgiles, @newsm101, @noupside, and @mkibbe
| MacKenzie Sigalos / CNBC: |
Coinbase Q1: $1.2B net revenue, down from $1.6B YoY, vs $1.5B est., 9.2M MTUs, up from 6.1M YoY, $309B trading volume, down from $335B YoY; stock drops 12%+ — - Coinbase reported first-quarter earnings after the bell on Tuesday. — The earnings come amid a major sell-off across the crypto market.| Politico: |
Leaked proposal: the European Union plans to release a draft law this week that requires tech companies to scan for CSAM and threatens end-to-end encryption — Brussels is bracing for one of its biggest and most emotional tech fights yet as companies face stringent new rules to clamp down on sexual abuse material.
More:
dropsafe, 9to5Mac, Bloomberg, AppleInsider, MacRumors, iMore, Euractiv, Access Now, Phandroid, and ComputerWeekly.com
Tweets: @wcathcart, @matthew_d_green, @matthew_d_green, @lukolejnik, @vmanancourt, @matthew_d_green, @floorter, @wcathcart, @wcathcart, @chrismessina, @alecmuffett, @sarahjamielewis, @evacide, @mattblaze, @matthew_d_green, @mmasnick, @mattblaze, @matthew_d_green, @mattblaze, @mattblaze, @matthew_d_green, @matthew_d_green, @matthew_d_green, @mattblaze, @riana_crypto, @evacide, @matthew_d_green, @elizableu, and @alecmuffett
| Aisha Malik / TechCrunch: |
Twitter announces a “Copypasta and Duplicate Content” policy to clarify how it works to combat spam and duplicative content and what constitutes a violation — Twitter announced today that it's rolling out a new “Copypasta and Duplicate Content” policy to clarify how the platform works …
More:
Twitter Help Center and Social Media Today
Tweets: @twittersafety, @thesheetztweetz, and @bendobrown
| New York Times: |
Sources: Netflix executives told employees that the company plans to launch its lower-priced ad-supported tier and crack down on password sharing in Q4 2022 — Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.
More:
Vox, AppleInsider, Pocketnow, 9to5Mac, CNN, Pocket-lint, PhoneArena, and Digiday
Tweets: @shiraovide, @benmullin, and @terrajobst
| Sami Fathi / MacRumors: |
Kuo: Apple will switch to USB-C for the iPhone 15 in the second half of 2023, improving transfer and charging speeds — Apple will ditch its proprietary Lightning port and switch to USB-C on all or possibly some models of the iPhone 15 lineup destined to launch in the second half of 2023, Apple analyst Ming-Chi Kuo said today.
Source:
@mingchikuo. More:
AppleInsider, The Verge, 9to5Mac, iPhone in Canada Blog, and iMore
Tweets: @mingchikuo, @apple_tomorrow, @llsethj, @pt, @rauschma, and @anshelsag
| Rest of World: |
A look at Meta's and Google's subsea cable investments in Africa, the least connected continent, as the companies seek the terrestrial links to a billion users — One sunny Thursday morning in September 2021, three men gathered at the Multimedia University of Kenya, in Nairobi, for a small ceremony.| Kate Clark / The Information: |
Source: crypto analytics startup Chainalysis raises a $170M Series F led by GIC at an $8.6B valuation, up from $4.2B in June when it raised a $100M Series E — Chainalysis, a startup that sells services to detect and track crypto fraud, has raised a new round at an $8.6 billion valuation … | Dean Takahashi / VentureBeat: |
Unity Software's stock fell 22%+ amid the company's lower than expected sales forecasts for Q2 and lower revenue guidance for the next full-year — Unity's stock price fell 28% in after-hours trading after the company reported earnings that met analyst expectations but fell short on the outlook.
More:
GamesIndustry.biz and Yahoo Finance
| Ian King / Bloomberg: |
GlobalFoundries beats estimates with $1.94B in Q1 revenue, up 37% YoY, and projects $1.96B-$1.99B in Q2 revenue; stock is down 19% in 2022 amid a global selloff — GlobalFoundries Inc., the biggest U.S.-based provider of made-to-order semiconductors, posted quarterly sales and profit …
More:
GlobeNewswire News Room and Barron's Online
| Amy Feldman / Forbes: |
Parker Conrad's HR software startup Rippling raises a $250M Series D led by Kleiner and Bedrock at an $11.25B valuation, bringing its total funding to $700M — “I don't think Silicon Valley has ever seen a comeback like this before.” — Parker Conrad is fully back.| Brian Heater / TechCrunch: |
Apple discontinues the iPod touch, leaving the device on sale “while supplies last” and ending the product line after debuting the original iPod in October 2001 — Last October marked 20 years of the iPod. It's a remarkable run in the cutthroat, always-iterating world of consumer electronics.
More:
The Verge, Silicon Republic, Wall Street Journal, ExtremeTech, Waivly, CNET, Ars Technica, CNN, WRAL TechWire, 500ish, BBC, CNBC, MacRumors, Livemint, PC Gamer, and The Overspill
Tweets: @tfadell, @techemails, @waltmossberg, @reisbaron, @waltmossberg, @xor, @fromedome, @markgurman, @viticci, @mkbhd, @johnvoorhees, @marcoarment, @austinnotduncan, @reneritchie, @pschiller, @sdw, @counternotions, @keyon, @mkbhd, @stevesi, @reckless, @sdw, @ifixit, @ryneismean, @marcoarment, @gruber, @gregjoz, @tfadell, @rsgnl, @rsgnl, @neilcybart, @mgsiegler, @stroughtonsmith, @carnage4life, @rsgnl, @richardkerris, @pschiller, @detroitborg, @caseynewton, @lukemiani, and @zollotech
| Foo Yun Chee / Reuters: |
Google signs deals with 300+ outlets in Germany, France, Hungary, Austria, the Netherlands, and Ireland to pay for news content and will roll out tools for them — Alphabet (GOOGL.O) unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries … | Hannah Miller / Bloomberg: |
Moralis, which makes tools to build blockchain-based web apps, raises a $40M Series A from Coinbase Ventures and others, sources say at a $215M valuation — Despite slumping crypto prices, funding rounds for blockchain startups are still getting done. Moralis, a platform offering developer tools … | Jordan Novet / CNBC: |
Roblox misses with Q1 bookings of $631.2M, down 3% YoY, vs. $645M est., 54.1M average DAUs, up 28% YoY, vs. 55M est., $11.67 average bookings per DAU, down 25% — - Roblox reported fewer users in the quarter than analysts had expected, and bookings dropped from a year earlier.Sponsor Posts
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Tweets: @elonmusk, @trussliz, @ale_paulus, @eucouncilpress, @mgerrydoyle, @secblinken, @statedeptspox, and @campuscodi