Techmeme
July 1, 2022, 12:10 AM

Top News

Kate Rooney / CNBC:
Sources: FTX is close to finalizing a term sheet to buy BlockFi for ~$25M and a deal could be signed by July 1; PitchBook: BlockFi was valued at $4.8B in 2021  —  - Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week …
Yogita Khatri / The Block:
Source: FTX walked away from a deal with Celsius after finding the crypto lender had a $2B hole in its balance sheet and was difficult to deal with  —  - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.
Mitchell Clark / The Verge:
Raspberry Pi announces the Pico W, a $6 microcontroller equipped with an 802.11n Wi-Fi radio, powered by an Infineon CYW43439 chip with Bluetooth disabled  —  It's the Pico, but it knows about the network  —  Raspberry Pi has introduced a successor to last year's Pico …
Katie Paul / Reuters:
Jonathan Stempel / Reuters:
Gene Levoff, a former lawyer at Apple, pleads guilty to insider trading; he allegedly traded ahead of quarterly earnings from 2011 to 2016 and was fired in 2018  —  The former top corporate lawyer at Apple Inc (AAPL.O) pleaded guilty on Thursday to insider trading charges …
Jon Porter / The Verge:
Google updates its built-in password manager for Chrome and Android with the option to manually add passwords across all platforms, a unified design, and more  —  A ‘simplified and unified management experience’ is also on the way  —  Google is updating its built-in password manager …
Bloomberg:
Filing: ex-Apple retail chief Ron Johnson's at-home tech setup company Enjoy files for bankruptcy, less than a year after its SPAC merger, and sells to Asurion  —  Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday …
Michael Sheetz / CNBC:
The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, and trucks  —  - The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk's company to further expand the service.
Stephen Nellis / Reuters:
Apple's CarPlay update, demoed at WWDC 2022, will let users tap an app to navigate to a pump and buy gas from its dashboard as early as this fall  —  Apple Inc (AAPL.O) wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version …
Maria Heeter / The Information:
Source: eToro and the SPAC company that agreed to take it public are planning to let the June 30 deadline for their merger pass without closing the deal  —  Online brokerage EToro and the special purpose acquisition company that agreed to take it public are planning to let the deadline …
More: The Block
Yueqi Yang / Bloomberg:
CoinFlex postpones resuming withdrawals; CEO says they will return “as soon as possible, upon a successful raise” but won't share how much its token has raised  —  Cryptocurrency exchange CoinFlex won't resume withdrawals Thursday as it had planned as it continues to raise funds …
TechCrunch:
Meta rolls out NFT support on Facebook, letting select US creators display NFTs under a new tab on their profiles, after adding support to Instagram in May 2022  —  After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators.
Tim Bradshaw / Financial Times:
As avatars for metaverse applications grow in popularity, a look at Understanding Comics, a 30-year-old illustrated lecture considered an avatar design bible  —  First published 30 years ago, Scott McCloud's Understanding Comics is the definitive comic book about comic books.
Aisha Malik / TechCrunch:
Meta says Instagram is testing a change that turns video posts into Reels with select users, as part of efforts to “simplify and improve the video experience”  —  Instagram is testing a change that turns video posts into Reels, the company confirmed to TechCrunch.
Joanna Ossinger / Bloomberg:
Bitcoin is on track for its worst quarter since Q3 2011, plunging 58%, after sliding 6%+ to fall below $19,000 on Thursday, the second time in a fortnight  —  Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment.

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Zeke Faux / Bloomberg:
Financial Times:
Filipe Espósito / 9to5Mac:
Rita Liao / TechCrunch:
Ari Notis / Kotaku:
Joyce Lee / Reuters: