Techmeme
June 20, 2022, 2:25 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:
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 multiple prototype VR headsets from Reality Labs, none of which will ship, as Meta continues working on VR and mixed reality devices  —  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” borrowing and lending protocol on Solana, overturns a controversial vote to commandeer a whale's account and regain ~5.7M SOL  —  - Solend has invalidated yesterday's controversial DAO decision to take over its largest user 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
ProPublica:
Analysis: despite claiming to reject gun ads, Google accepted ads from 15 top US firearms sellers between March 9 and June 6, generating over 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.
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 …
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

Sponsor Posts

Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work  —  Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Zoho:
Labels that build themselves: Simplified Label Automation in Zoho Writer  —  Anyone who ships every day knows this feeling.  Forty orders, each with a different number of items, and every item needs its own label.
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.
WebBrain:
WebBrain: an open-source AI agent for your browser  —  Read pages, fill forms and automate tasks in Chrome or Firefox.  Use local models or your preferred AI provider.  Get started free.

Featured Podcasts

The Upstarts Podcast:
How Ramp Built A $60B AI Product Factory Off A Corporate Card | Co-CEO Eric Glyman
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Great Chat:
Would you let a robot do it?
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.
Training Data:
Bringing Continual Learning to Every Company: Trajectory's Ronak Malde
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Big Technology Podcast:
Can AI Keep Going After The Democrats' Big Win? — With Teddy Schleifer
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.
Machine Gods:
Crypto's Biggest Heist Ever + The Spy Who Loved Nvidia + Hacktober's Unsolved Mysteries
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
Channels with Peter Kafka:
Barry Diller on Big Bets, AI, and Knowing When to Walk Away
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.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:25 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

Earlier Picks

Dan Seifert / The Verge:
New York Times: