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June 17, 2022, 1:00 PM
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memeorandum
WeSmirchTop News
| Serena Ng / Wall Street Journal: |
Crypto hedge fund Three Arrows Capital is exploring financial options, including asset sales and a rescue by another firm, and says it invested ~$200M in Luna — Firm's founders say they still believe in the future of cryptocurrencies — Cryptocurrency-focused hedge fund Three Arrows Capital Ltd …
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The Block, CoinDesk, Finbold, The Economic Times, Bloomberg, Cointelegraph, Reuters, CryptoPotato, CoinJournal, Bitcoinist.com, and Crypto Briefing
Tweets: @susanlitv, @tomgara, @nkulw, @demirelo, @anthony, @ceostroff, @w7voa, @laurashin, and @mattzeitlin
| Financial Times: |
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend — BlockFi was among a clutch of firms that liquidated the Singapore-based group's positions — Three Arrows Capital failed …
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The Block, VICE, Protos, web3lunch, CoinDesk, Bankless, The Daily Hodl, Forkast, La Lettre du Mardi Crypto, CryptoSlate, the drops, Blockworks, Ethereum World News, Cryptonews, CryptoPotato, Closingbell Gems, PYMNTS.com, Cointelegraph, Frank Corva's Newsletter, Bloomberg, Crypto Briefing, and Coinmonks
| Natasha Lomas / TechCrunch: |
The UK publishes its final response to a data reform consultation to diverge from EU rules, including replacing cookie consent pop-ups with browser opt-outs — The UK government has published its final response to a data ‘reform’ consultation it kicked off last year, laying out how it intends …
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GOV.UK, Hi, I'm Heather Burns, GOV.UK, Bloomberg, Reuters, BetaNews, The Register, Pocket-lint, CNBC, Light Reading, The National Law Review, and Forbes
| Casey Newton / Platformer: |
Some employees say that Musk sounded genuinely enthusiastic about owning and running Twitter, but the meeting reinforced their mostly negative beliefs about him — Musk says he has big plans for the company. Employees wonder how he'll achieve them
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TechCrunch, Telegraph, Insider, New York Times, The Verge, The Economic Times, Quartz, PYMNTS.com, and Financial Times
Tweets: @caseynewton, @alexeheath, @jtlevy, @profcritic, @mattxs, @martinsfp, @susanbordson, and @lizzadwoskin
| Bloomberg: |
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Vox, The Verge, New York Times, The Verge, Washington Post, Fortune, CNBC, TechCrunch, Reuters, BBC, New York Post, The Block, Axios, The Verge, The Verge, Insider, Protocol, Fossbytes, Blockworks, Decrypt, La Wikly de Emilio Doménech, Benzinga, NPR, Transistori, Android Headlines, Wall Street Journal, Crypto Briefing, Bloomberg, The Guardian, Bloomberg, and Social Media Today
Tweets: @bennyjohnson, @alexeheath, @danprimack, @mikeisaac, @lizzadwoskin, @alexeheath, @mikeisaac, @cernovich, @noupside, @alexeheath, @jenn_elias, @kenli729, @kantrowitz, @reckless, @mikeisaac, @mikeisaac, @bennyjohnson, @elonmusk, @evafoxu, @elonmusk, @_szheng, @maxkennerly, @elonmusk, @daithaigilbert, @mikeisaac, @donie, @donie, @hsajwanization, @nycsouthpaw, @markmilian, @ericnewcomer, @stevekovach, @mmasnick, @nytimes, @kurtwagner8, @pkafka, @kurtwagner8, @qhardy, @jlgolson, @mikeisaac, @anthony, @mikeisaac, @caseynewton, @pkafka, @alexeheath, @kantrowitz, @jyarow, @mattrosoff, @ericajoy, @jimpethokoukis, @mkarolian, @caseynewton, @2aupdates, and @mattnavarra
| The Verge: |
Snap is internally testing Snapchat Plus, a paid subscription service that will give users early access to exclusive, experimental, and pre-release features — It's currently in “early internal testing” — Snap is doing internal tests of a paid subscription called Snapchat Plus …
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XDA Developers, Gizmodo, HotHardware.com News, TechCrunch, PYMNTS.com, The Mac Observer, TechSpot, PCMag, Neowin, iMore, Fossbytes, Digit, TechCircle, KnowTechie, Engadget, Android Police, Pocket-lint, BGR India, Phandroid, Social Media Today, Benzinga, 9to5Mac, PhoneArena, Mashable, Digital gefesselt, and The Economic Times
| Makena Kelly / The Verge: |
A group of Senate Democrats calls on the US Commerce Department to follow the EU and create a strategy to require a common charging port for all mobile devices — No more Lightning ports? — A group of Senate Democrats is calling on the US Commerce Department to follow Europe's lead …
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United States Senate, 9to5Mac, Ars Technica, PCMag, Macworld, Android Authority, The Hill, Engadget, AppleInsider, PCMag, Digital Trends, TechSpot, iPhone Hacks, PetaPixel, and iMore
Tweets: @kywhitney, @josenthal, @kywhitney, @jamescz19, @brianbreslin, @mark_rice_, @asmallteapot, @aparanjape, @stevekovach, @reckless, @tractorlaw, @jeffnolan, and @davezatz
| Anton Shilov / AnandTech: |
TSMC details its roadmap: a volume 3nm chip production starting this year, with a total of five 3nm-class N3 node iterations, and 2nm chip introduction in 2025 — Taiwan Semiconductor Manufacturing Co. on Thursday kicked off its 2022 TSMC Technology Symposium, where the company traditionally shares … | Etan Vlessing / Hollywood Reporter: |
Roku unveils an e-commerce deal with Walmart, letting TV viewers use their remotes during a shoppable commercial to select a product and check out with Roku Pay — The pact could make TV streaming the next frontier in e-commerce shopping by blending entertainment and instant product purchases.| Janko Roettgers / Protocol: |
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IPG Media Lab, Next in Marketing, and Silicon Republic
Tweets: @jason_kint, @trengriffin, @richlightshed, @caseynewton, and @karlbode
| Ryan Mac / New York Times: |
Sources: SpaceX fired employees who helped write and distribute an open letter calling Elon Musk's behavior “a frequent source of distraction and embarrassment” — In an email, Gwynne Shotwell, SpaceX's president, said the letter had made other employees “feel uncomfortable, intimidated and bullied.”| Reuters: |
Sources: China's central bank accepted Ant Group's application to set up a financial holding company, a key step in a year-long revamp of the fintech business — China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said …
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PingWest
| Ingrid Lunden / TechCrunch: |
Prague-based online grocery delivery service Rohlik raised a €220M Series D led by Sofina and says its business has ~1M customers and had €500M in 2021 revenue — The salad days are over for many startups in the online food delivery sector. Following a long period of cash injections …
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MacDailyNews, EU-Startups, Reuters, Sifted, Tech.eu, and Forbes. Tweets: @ingridlunden. Thanks:@ingridlunden
| Wall Street Journal: |
Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield $500M+ — The SoftBank-backed, buy-now-pay-later startup is discussing raising cash at a valuation around $15 billion, down from 2021's near $46 billion valuation
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Crunchbase News, Notadeepdive, City A.M., Coinspeaker, The Block, Sifted, AltFi, Bloomberg, and PYMNTS.com
Tweets: @ryan_browne_, @alex, and @bongcapital
| Cristina Criddle / Financial Times: |
Some UK creators say they abandoned TikTok Shop's e-commerce program due to poor pay, long hours, and having to take flak for limited stock and shipping issues — Content creators say ‘livestream’ model means they earn less and now take flak for limited stock and shipping issues| Kyle Wiggers / TechCrunch: |
Narmi, which enables small financial institutions offer online and mobile banking services, raised a $35M Series B, bringing its total funding to $60M — The banking industry isn't always welcoming to startups, depending on the market's outlook. As inflation rises and companies brace for the worst …
Tweets: @narmi_tech
| Financial Times: |
Blockchain.com data: bitcoin's hash rate fell 4% since the start of the week, as the value of revenues paid to miners fell to its lowest level in nearly a year — Share prices of companies that validate crypto transactions have tumbled over the past month — Bitcoin miners are scaling … | Rachel Kaser / VentureBeat: |
VersusGame, a mobile app that lets content creators pose “prediction contests” to viewers for cash and prizes, has raised a $25M Series A — VersusGame announced it has raised $25 million in a new fundraising round. It plans to use the funding to develop its platform and staff, as well as augment its partnership efforts.| Andrea Park / Fierce Biotech: |
Aidoc, which develops AI-based tools for radiologists to analyze CT scans and X-rays, has raised a $110M Series D, bringing its total funding to about $250M — Aidoc is on quite the hot streak. Aidoc is on quite the hot streak. Just about two months after racking up its ninth FDA clearance …
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MedCity News, Aidoc, Forbes, MobiHealthNews, Globes Online, and Geektime
| Oliver Knight / CoinDesk: |
Hong Kong-based crypto lender Babel Finance says it has suspended withdrawals and redemptions due to “unusual liquidity pressures” — Babel Finance has responded to a market downturn by temporarily freezing withdrawals and redemptions. — Hong Kong-based crypto lender Babel Finance …
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Crunchbase News, Insider, Reuters, Crypto Daily, The Block, CoinQuora, Cointelegraph, Ethereum World News, and The Weekly Update
Tweets: @kadhim, @alex, @nycsouthpaw, and @charlesarthur
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