Techmeme
June 28, 2022, 2:30 PM

Top News

Charlie Warzel / The Atlantic:
a16z's Marc Andreessen and Packy McCormick failing to coherently explain Web3 use cases demonstrates the hollowness of the space, often obscured by boosterism  —  I cannot stop watching crypto profiteers get owned. … I cannot stop watching videos of Web3 boosters failing to explain the usefulness of the technology.
Bloomberg:
After freezing withdrawals, crypto exchange CoinFlex plans to issue up to 47M Recovery Value USD tokens, offering a 20% annual return, to repay a $47M debt  —  Cryptocurrency exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return …
TechCrunch:
Analysis of Stardust period tracking app, the top free app on the US App Store on June 25, shows it shares users' phone numbers with analytics company Mixpanel  —  The app was found sharing users' phone numbers with an analytics firm  —  Period tracking app Stardust surged to the top …
Olivia Snow / Wired:
Jacquelyn Melinek / TechCrunch:
Sam Bankman-Fried says FTX has “no active M&A conversations with Robinhood”; Robinhood says an acquisition cannot go through without the founders' approval  —  SBF praises Robinhood, hints at possible partnerships  —  Crypto exchange FTX is open to partnering with Robinhood Markets …
Mike Butcher / TechCrunch:
A look at Plural, a €250M early-stage fund led by Wise co-founder Taavet Hinrikus, Teleport co-founder Sten Tamkivi, Songkick co-founder Ian Hogarth, and others  —  Until recently Taavet Hinrikus, cofounder of Wise, and Sten Tamkivi, cofounder of Teleport, had banded together as a sort of ‘mini Angel brand’ known as “Taavet+Sten”.

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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.
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Great Chat:
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Big Technology Podcast:
Can AI Keep Going After The Democrats' Big Win? — With Teddy Schleifer
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Machine Gods:
Crypto's Biggest Heist Ever + The Spy Who Loved Nvidia + Hacktober's Unsolved Mysteries
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More News

Joey D'Urso / @josephmdurso:
Documented:

Earlier Picks

Ashley Gold / Axios:
Allison Johnson / The Verge:
Emma Roth / The Verge:
Andrew Rummer / The Block: