June 6, 2022, 1:00 PM

Top News

Lauren Feiner / CNBC:
In a SEC filing, Elon Musk accuses Twitter of “resisting and thwarting” his right to information about bots, calling it a “clear material breach” of the deal  —  - In a letter to Twitter, a lawyer for Musk called it a “clear material breach” of the terms of their merger agreement.
Live stream of Apple's WWDC 2022 keynote  —  - This stream is best experienced on an iPhone 7 or later, iPad (5th generation or later), or iPod touch (7th generation) using Safari on iOS 12 or later; or a Mac using Safari on macOS Mojave 10.14 or later.  Streaming to your TV requires an Apple TV …
The Verge:
Juli Clover / MacRumors:
An investigation finds Binance served as a conduit for laundering $2.35B+ between 2017 and 2021, including funds gathered from hacks, fraud, and drug sales  —  For five years, the world's largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion …
New York Times:
As Sheryl Sandberg leaves Meta, Silicon Valley loses one of its most powerful women; a report shows only 4.8% of SV's top 15 firms were led by women in 2020  —  Silicon Valley is losing one of its most visible, outspoken and powerful women.  Any gains have been incremental at best.
Wall Street Journal:
How Tiger Global, the top US investor in startups in 2021 with 361 deals, rode tech's boom, betting big even as the market crested, and has seen gains evaporate  —  The New York firm was a heavy investor in technology stocks and startups when the market peaked.  The downturn has vaporized years of its gains.
Christopher Mims / Wall Street Journal:
A look at Adam Neumann's Flowcarbon startup and its Goddess Nature Token, focused on tokenizing carbon offsetting, and what it says about Web3 more broadly  —  Falling prices for cryptocurrencies test the logic of the ‘tokenomics’ behind Web3 startups, but true believers think the real problem is existing securities regulations
David Yaffe-Bellany / New York Times:
As OpenSea faces a backlash over stolen and plagiarized NFTs, executives acknowledge the problem and outline steps to improve trust, including hiring more staff  —  OpenSea, one of the highest-profile crypto start-ups, is facing a backlash over stolen and plagiarized nonfungible tokens.
Wall Street Journal:
Sources: Chinese regulators will conclude yearlong probes into Didi, logistics platform Full Truck Alliance and recruitment firm Kanzhun as early as this week  —  Chinese authorities are also preparing to allow Didi's app back on domestic app stores as early as this week
A look at ASML's IP theft allegations against Xtal and China's Dongfang, created by ex-ASML engineer and “flagbearer” of China's chip industry Zongchang Yu  —  Few companies are better positioned to benefit from the crippling shortage of computer chips than ASML Holding NV …
Michael McGowan / The Guardian:
A federal judge in Australia orders Google to pay an ex-politician $715K for doing “nothing to prevent” YouTuber Friendlyjordies' “abusive” videos about him  —  Tech giant and comedian Jordan Shanks may face contempt of court charges over videos published during trial
Kyle Wiggers / TechCrunch:
Magical, which makes a Chrome extension to move data across websites and apps, raises a $35M Series A led by Coatue and says it has 300,000+ users  —  It's the belief of some analysts that the market for robotic process automation, which leverages AI to automate certain software tasks, is headed toward consolidation.
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