Techmeme
June 20, 2022, 11:15 PM

Top News

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:
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.
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 …
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 …
Joe Rossignol / MacRumors:
iOS 16, iPadOS 16, and macOS Ventura add an Automatic Verification option, letting iCloud users bypass CAPTCHAs on websites and in apps that support the feature  —  Tapping on images of traffic lights or deciphering squiggly text to prove you are human will soon be a much less common nuisance …
Nico Grant / New York Times:
Some SMB owners complain Google is ending its G Suite legacy free edition after over a decade on August 1, arguing the company lured them with a free service  —  Google is charging some small businesses for email and other apps after more than a decade of free use.  Business owners say Google is being callous.

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference  —  Stop preparing for agents.  Start running them.  100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
The 90-day recognition cliff: Why praise programs fade, and what keeps them alive  —  Recognition programs often start with enthusiasm.  Employees participate, managers share shoutouts, and teams have a new way to celebrate achievements.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Big Technology Podcast:
SAP CEO: AI Won't Kill Software, But It Will Change Your Job — With Christian Klein
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
David Ellison's Paramount-Warner Empire & The Fight That Comes Next
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Sources:
Factory CEO on why AGI is already here
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Invest Like the Best:
Noah Shinn - Building Instinct: The Personal Agent
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Lenny's Podcast:
The grief, loneliness, and burnout sweeping through the tech industry right now | Molly Graham
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Great Chat:
Doomers at Dreamforce
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:15 PM ET, June 20, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

ProPublica:

Earlier Picks

Dan Seifert / The Verge:
Manish Singh / TechCrunch:
New York Times: