| Frank Chaparro / The Block: |
Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M liquidation; CEO Zhu tweeted we are “committed to working this out” — The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders.| Stephanie Kirchgaessner / The Guardian: |
Sources: US defense contractor L3Harris is in talks with NSO Group to acquire its core tech; White House says such a deal would raise serious security concerns — Deal - which would require approval from US and Israel - would give L3Harris control over controversial Pegasus tool| Jon Porter / The Verge: |
Carl Pei reveals Nothing phone (1) ahead of its July 12 launch event, saying “leaks are harder to contain nowadays”; more details will be revealed over time — Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone.| Sergiu Gatlan / BleepingComputer: |
Cloudflare says it mitigated a 26M-requests-per-second DDoS attack, the largest HTTPS DDoS attack detected to date, targeting a customer using its Free plan — Internet infrastructure firm Cloudflare said today that it mitigated a 26 million request per second distributed denial-of-service … | Filipe Espósito / 9to5Mac: |
Sources: Apple plans to refresh its entry-level iPad with a USB-C port instead of Lightning, an A14 chip, 5G, and an improved display, likely coming in 2022 — Earlier this year, 9to5Mac exclusively reported that Apple was working on a new generation iPad Air to have the M1 chip and 5G support … | José Adorno / 9to5Mac: |
| Wall Street Journal: |
Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring — Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions| Ash Parrish / The Verge: |
Twitch expands its ad incentive program to more partners and offers bigger payouts by shifting from a flat rate for every 1,000 ads to sharing 55% of ad revenue — The ad incentive program will also open up to more partnered streamers — Twitch is expanding its ad incentive program to include more creators and pay them more money.| Chris Welch / The Verge: |
Sonos Voice Control assistant review: fast, private, and good at tasks like grouping rooms, but lacks Spotify support and doesn't understand some artists' names — Sonos' assistant only takes music requests, and that actually works out in its favor — When Sonos Voice Control was announced last month … | Mary Ann Azevedo / TechCrunch: |
Redfin plans to lay off ~470 staff, or 8% of its workforce, and Compass is laying off ~450 staff, or ~10%, as housing demand softens amid rising interest rates — Says Redfin CEO: 'I said we wouldn't lay people off unless we had to. We have to.' — The housing market has taken a huge hit … | Sara Fischer / Axios: |
The Washington Post has licensed its Arc XP CMS to 2,000+ companies, up from ~1,500 a year ago; sources: Arc XP generates ~$40M-$50M in ARR but isn't profitable — The Washington Post is looking to double down on its investment in its tech publishing arm, Arc XP, despite outside sales interest valuing … | Entrackr: |
India-based Groyyo, a B2B automation startup that uses AI to boost the efficiency of small-scale manufacturing, has raised a $27M Series A led by Tiger Global — B2B manufacturing and automation startup Groyyo has raised $27 million or Rs 210 crore in a Series A round led by Tiger Global.| Kellen Browning / New York Times: |
A Massachusetts court rules that a proposed ballot measure, backed by Uber and Lyft, to classify gig drivers as independent contractors, violates state law — The ruling ends a $17.8 million campaign by companies like Uber and Lyft that would have led to the classification of their drivers as independent contractors.
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| Kate Beioley / Financial Times: |
| Dan Goodin / Ars Technica: |
| Sarah Nassauer / Wall Street Journal: |
| Wall Street Journal: |
| Mariella Moon / Engadget: |
| Jacob Kastrenakes / The Verge: |
| WABetaInfo: |
| Brian Armstrong / The Coinbase Blog: |