Techmeme
June 13, 2022, 8:50 PM

Top News

Brandy Betz / CoinDesk:
Bloomberg:
Major cryptocurrencies crash as the crypto market cap falls below $1T: bitcoin drops 15%+ to ~$22K, ether drops 16%+ to ~$1.2K, and Solana drops 7%+ to ~$28  —  Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through global risk assets.
Celsius:
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, due to “extreme market conditions” and citing its Terms of Use  —  We are writing with a very important message for our community.  —  Due to extreme market conditions …
More: tether.to, The Block, CoinDesk, Attack of the 50 Foot …, Decrypt, CNBC, Blockworks, The Verge, The Block, Bloomberg, Australian Financial Review, Bloomberg, SlashGear, Cointelegraph, Watcher Guru, theblock.co, Metaverse Post, Bitcoin Magazine, The Guardian, The Register, Reuters, Bitcoin Magazine PRO, CoinJournal, Input, crypto.news, Axios, CoinQuora, Crypto's Newsletter, GamesTX, American Banker, ExtremeTech, web3lunch, Politico, SiliconANGLE, HotHardware.com News, CoinGeek, Myth of Money, Bitcoin News, Engadget, Heretic Speculator, The Daily Hodl, Mashable, Financial Times, Web3 Digest, CAP News, Crypto Briefing, CryptoGlobe, Quartz, Crunchbase News, Defillama round-up🦙, The Crypto Lobby, and TheStreet
Matt Turner / Bloomberg:
Gary Marcus / The Road to AI We Can Trust:
Despite differences within the AI community, pretty much all AI experts find the notion that Google's LaMDA might be sentient completely ridiculous  —  No, LaMDA is not sentient.  Not even slightly. … Blaise Aguera y Arcas, polymath, novelist, and Google VP, has a way with words.
Sarah Lord / CNET:
Amazon plans to test drone deliveries in Lockeford, California, after receiving FAA approval to service the town, for products ordered through Amazon Prime Air  —  The service will be called Prime Air and will use drones with sense-and-avoid systems to deliver packages safely.  —  Sarah Lord
Tom Warren / The Verge:
Microsoft updates Teams to improve echo cancellation and room acoustics on calls using ML models, resulting in less clipping when callers interrupt each other  —  Your Teams calls should sound a lot better  —  Microsoft has spent the past two years adding flashy new productivity features to Teams …
Bloomberg:
Sources: Elon Musk will address Twitter employees and take questions at a company-wide virtual meeting on Thursday morning  —  Elon Musk will address Twitter Inc. employees at a company-wide meeting this week, the first time the Tesla Inc. chief executive officer will meet with employees since agreeing …
New York Times:
Microsoft and the CWA union announce a deal that would make it easier for Activision Blizzard's ~7,000 US employees to unionize after the acquisition closes  —  The accord could ease the path for thousands of workers to unionize at the game company Microsoft is acquiring and addresses an antitrust objection.

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Tage Kene-Okafor / TechCrunch:

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