Techmeme
June 20, 2022, 9:40 AM

Top News

Yogita Khatri / The Block:
After suspending withdrawals on Friday, Babel Finance says it has reached “preliminary agreements” on repayments of “some debts”, helping ease its liquidity  —  - Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”
Celsius Blog:
After pausing withdrawals last week, Celsius asks for more time to stabilize its liquidity and operations and halts Twitter Spaces and AMAs  —  It has been one week since we paused withdrawals, Swap, and transfers.  We want our community to know that our objective continues to be stabilizing our liquidity and operations.
Bloomberg:
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021  —  Bitcoin plunged through several closely watched price levels to the lowest since late 2020 as evidence of deepening stress within …
Rest of World:
Manish Singh / TechCrunch:
Telegram passes 700M MAUs and unveils Telegram Premium, which will let users follow up to 1,000 channels, send files up to 4GB, and more, for $5 to $6 per month  —  Telegram has amassed 700 million monthly active users and is rolling out a premium tier with additional features …
New York Times:
Apple employees at a store in Towson, Maryland vote 65-33 to unionize, making it the company's first US store where employees voted in favor of unionizing  —  Roughly two-thirds of employees at the store in Towson, Md., voted to join the union.  — Give this article- - - Read in app
Elizabeth Dwoskin / Washington Post:
Interviews with members of Peter Thiel's inner circle describe how he came to the decision to leave Meta's board, a departure that was years in the making  —  Inside the billionaire investor's journey from Facebook board member to an architect of the new American right
Emily Nicolle / Bloomberg:
Crypto broker Voyager secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda, including $200M credit and 15,000 bitcoins, worth around $285M  —  Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried …
David Gura / NPR:
Sam Bankman-Fried says the Federal Reserve's decision to raise interest rates led to the current crypto crash, resulting in risk “recalibration” for investors  —  Cryptocurrencies are going through a spectacular crash and the head of one of the largest crypto exchanges …
Danny Nelson / CoinDesk:
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, votes to take over an account that deposited 5.7M SOL, over 95% of the pool's deposits  —  Solend users voted to “grant emergency power to Solend Labs to temporarily take over the whale's account.”
Financial Times:
NetEase delays the release of Diablo Immortal after the game's Weibo account shared a reference to Winnie the Pooh, a way to derisively refer to President Xi  —  Cartoon bear is often used to criticise President Xi Jinping and has been blacklisted by censors
Kishan Vyas / XDA Developers:
WhatsApp rolls out new privacy control settings to all users, giving them more control over who can see their Profile Photo, About, Last Seen, and Status  —  WhatsApp is rolling out new privacy control settings to provide users greater control over who can see their profile photo, “About,” “Last seen,” and WhatsApp Status.

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Earlier Picks

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