| Yogita Khatri / The Block: |
After suspending withdrawals on June 17, Babel Finance reaches “preliminary agreements on the repayment period of some debts”, helping ease liquidity pressure — - Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”| Celsius Blog: |
After pausing withdrawals, Swap, and transfers 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 … | Bloomberg: |
| David Gura / NPR: |
FTX CEO Sam Bankman-Fried blames the Federal Reserve's decision to raise interest rates for 2022's crypto crash, resulting in an investor risk “recalibration” — Cryptocurrencies are going through a spectacular crash and the head of one of the largest crypto exchanges … | Emily Nicolle / Bloomberg: |
Crypto broker Voyager Digital secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda Research, including $200M credit and 15,000 bitcoins, worth ~$285M — Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried … | Adi Robertson / The Verge: |
Mark Zuckerberg demos prototype VR headsets from Reality Labs, none of which will ship, that Meta refers to as “time machines” used to test one specific feature — Meta's Reality Labs division has revealed new prototypes in its roadmap toward lightweight, hyper-realistic virtual reality graphics.| Vishal Chawla / The Block: |
Solend Labs, a “decentralized” lending protocol on Solana, overturns a controversial DAO vote to take over a whale's account that had deposited ~$5.7M SOL — - Solend has invalidated yesterday's controversial DAO decision to take over its largest user account.| Financial Times: |
NetEase delays Diablo Immortal's China release after the game's Weibo account alluded to Winnie the Pooh, a way to derisively refer to President Xi Jinping — Cartoon bear is often used to criticise President Xi Jinping and has been blacklisted by censors — Shares in NetEase dropped … | ProPublica: |
Analysis: despite claiming to reject gun ads, Google accepted ads from the 15 top US firearms sellers between March 9 and June 6, generating 120M+ impressions — ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they're published.| Kyle Wiggers / TechCrunch: |
Paris-based Platform.sh, which offers tools to build web apps, raises a $140M Series D, bringing its total raised to $187M, and says ARR is up 50% YoY to $45M — The growing complexity of web infrastructure is a challenge that many organizations face today.| Olga Kharif / Bloomberg: |
A look at crypto “shark traders”, who scour blockchain records to find highly leveraged traders and try to push them into liquidation — With crypto prices tumbling precipitously, traders have begun increasingly turning against one another to eke out ever-elusive profits.| 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 … | Sankalp Phartiyal / Bloomberg: |
A profile of Chinese smartphone maker Realme; Counterpoint says it had a 16% marketshare in India, up from 11% in Q1 2021, behind Xiaomi's 23% and Samsung's 23% — Last year, when a global chip shortage forced many smartphone makers to delay launches, upstart Chinese brand Realme took a gambit in India.
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| Dan Seifert / The Verge: |
| New York Times: |