May 16, 2022, 9:35 AM

Top News

Sam Kessler / CoinDesk:
Luna Foundation Guard says its bitcoin reserves have depleted from ~80K to ~300 and the remaining UST and LUNA tokens will be used to compensate investors  —  The announcement comes after reports that over a billion dollars of Terra's bitcoin reserves are unaccounted for.
Hannah Miller / Bloomberg:
The knock-on effects of the TerraUSD and LUNA collapse will be felt across the crypto industry and could chill VCs' enthusiasm for investing in crypto startups  —  This week's undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto.
New York Times:
Live broadcasts and shared videos of mass shootings again raise questions about social networks' responsibilities in curbing violent and hateful content  —  Gunmen say they are influenced by online screeds and broadcasts of past shootings.  Do social media sites have a responsibility to rein in hateful and violent content?
Kellen Browning / New York Times:
Joshua Oliver / Financial Times:
FTX CEO Sam Bankman-Fried says bitcoin has no future as a payments network because of its inefficiency and high environmental costs  —  Bankman-Fried criticises biggest digital asset over inefficiency and high environmental costs  —  Bitcoin has no future as a payments network …
Joshua Oliver / Financial Times:
Ryan Weeks / The Block:
Elwood Technologies, a crypto-focused market access and trading service for institutional investors, raises a $70M Series A led by Goldman and Dawn Capital  —  Quick Take  — Goldman Sachs, Barclays and CommerzVentures invested in the Series A round alongside venture capital firms.
Jessica Bursztynsky / CNBC:
DWAC SEC filing details Donald Trump's commitments to Truth Social, including posting there first and waiting six hours before posting to Twitter or elsewhere  —  - Donald Trump plans to partially restrict himself on social media like Twitter, according to an SEC filing from the blank check company taking the former president's public.
Caitlin Harrington / Wired:
A look at the Apple Together solidarity movement that emerged from #AppleToo to provide support for Apple employees organizing in retail, AppleCare, and more  —  A solidarity movement called Apple Together has provided tools and support as the company's retail employees organize.

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More News

Elaine Moore / Financial Times:
Mark Gurman / Bloomberg:
Kevin Helms / Bitcoin News:

Earlier Picks

Arielle Pardes / Wired:
Kenrick Cai / Forbes:
Mia Sato / The Verge: