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November 8, 2022, 7:10 PM
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WeSmirchTop News
| Changpeng Zhao / @cz_binance: |
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence — This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
More:
coinbase.com, New York Times, Financial Times, Bloomberg, Semafor, TheStreet, The Block, Blockworks, Australian Financial Review, CoinDesk, TechCrunch, Decrypt, Bloomberg, The Information, The Block, Ed Zitron's Where's Your Ed At, CNBC, Crunchbase News, Forbes, Fortune, Wall Street Journal, BetaKit, BTC Times, The Daily Hodl, Mashable, VentureBeat, PYMNTS.com, Quartz, NewsBTC, Engadget, Dexerto, Politico, Cointelegraph, Bitcoin News, ZyCrypto, CryptoSlate, and Washington Post
Tweets: @sbf_ftx, @cz_binance, @cz_binance, @shaanvp, @sbf_ftx, @ericnewcomer, @sbf_ftx, @thestalwart, @wassielawyer, @fintwit_news, @danprimack, @sbf_ftx, @lizrhoffman, @arthur_0x, @robinwigg, @ftx_official, @chrisfralic, @hsakatrades, @danprimack, @ranjanxroy, @sbf_ftx, @lizrhoffman, @tuurdemeester, @sbf_ftx, @wallstreetsilv, @robinwigg, @carnage4life, @julianhosp, @otteroooo, @cryptohayes, @hodlkryptonite, @lizrhoffman, @algodtrading, @spreekaway, @marketsmeowmeow, @hodlkryptonite, @cobie, @cobie, @haralabob, @tier10k, @autismcapital, @evan_lorenz, @stackhodler, @elliotrades, @asvanevik, @cryptoharry_, @bondhack, @coffeebreak_yt, @odell, @lex_node, @stoolpresidente, @matthewstoller, @bongcapital, and @biancoresearch
| Tanaya Macheel / CNBC: |
Coin Metrics: on Tuesday, bitcoin fell 12.6% to $18,203 and briefly hit $17,300.80, its lowest level since November 2020; ether dropped 18.2% to $1,311.50 — Follow your favorite stocksCREATE FREE ACCOUNT — WATCH NOW — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
More:
TheStreet, CoinDesk, The Block, Decrypt, Blockworks, Barron's Online, NewsBTC, CryptoSlate, Neowin, Amy Castor, Gizmodo, and Crypto Briefing
| Angus Berwick / Reuters: |
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw ~$6B of net withdrawals in 72 hours — Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message …
More:
CoinDesk, Newcomer, VICE, CNBC, Bitcoin News, TechCrunch, Cointelegraph, and The Block
Tweets: @sbf_ftx, @sbf_ftx, @felixsalmon, @crypto_bitlord7, @mattzeitlin, @thecryptodaddi, and @emilyjnicolle
| Sam Reynolds / CoinDesk: |
FTX's FTT token drops below $5, down ~80% in the past 24 hours, as crypto investors fear possible contagion from the collapse of FTX-linked Alameda Research — The FTT price has declined nearly 14% over the past 24 hours, with Solana's SOL and Serum's SRM taking losses along with bigger cryptocurrencies like bitcoin and ether.
More:
BitDAO, The Information, Bloomberg, The Block, Blockworks, TheStreet, Bitcoinist.com, Cointelegraph, CoinDesk, and The Block
Tweets: @cz_binance, @benbybit, @starokg, @carolinecapital, @cryptomanran, @vetlelunde, @alex_valaitis, @milesdeutscher, @lookonchain, @cz_binance, @claritytoast, @wublockchain, @wublockchain, @mdudas, @sheldon_sniper, @dogetoshi, @garyblack00, @emperorbtc, @mikeburgersburg, @milesdeutscher, @thecryptolark, @fintechfrank, @inmortalcrypto, @algodtrading, @bull_bnb, @wizardofsoho, @kacjons, @cryptodonalt, and @enjoyoor
| Daniel Kuhn / CoinDesk: |
How Binance exacerbated a bank run on FTX before offering to acquire the company, and why the potential deal represents a meteoric fall for Sam Bankman-Fried — Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown. — By Daniel KuhnLayer 2
More:
Bloomberg, Finbold, Blockworks, Decrypt, Wccftech, CryptoSlate, The Block, NewsBTC, Observer, Fortune, and TheStreet
Tweets: @lucasnuzzi, @silvermanjacob, and @coindesk
| Jay Peters / The Verge: |
Twitter plans to label select accounts “Official” when the new Blue launches; not all previously verified accounts will get the label, which won't be for sale — Twitter is rolling out another type of check mark to help distinguish accounts that users actually need to know are real.
More:
CNET, 9to5Mac, TechCrunch, Reuters, Comic Book, Insider, and SlashGear
Tweets: @esthercrawford, @esthercrawford, @esthercrawford, @caseynewton, @bborrman, @mattdpearce, @carnage4life, @parkermolloy, @mistresssnowphd, @dansinker, @legacykillahd, @jezcorden, @nanjala1, @tcarmody, @hunterwalk, @beijingpalmer, @un_a_valeable, @amyhoy, @urbanachievr, @ozkaterji, @jbillinson, @nbashaw, @kevinmarks, @epro, @0kbps, @mattdpearce, @jeffveillette, @bryandfischer, @evacide, @can, @oalexanderdk, @stevebartlettsc, @dcseifert, @muellershewrote, @zoeschiffer, @dcseifert, @kristoforlawson, @kurtwagner8, @rmac18, and @mshannahmurphy
| Casey Newton / Platformer: |
Sources: Elon Musk pitched charging most or all Twitter users for a subscription; internal estimates show Blue could lose the company ~$6/user/month in the US — Will he go through with it? PLUS: Botched layoffs, how the new Blue could lose money, and more
More:
Compact Magazine, Techdirt, Insider, Mashable, Financial Times, Phandroid, CNBC, Social Media Today, Marques Brownlee on YouTube, and Android Headlines
Tweets: @caseynewton, @caseynewton, @nickstatt, @zoeschiffer, @shaun_vids, @ow, @theinnersunset, @clarajeffery, @jordanuhl, @joshtpm, @kevinriggle, @theashrb, and @ashleylatke
| Stephanie Bodoni / Bloomberg: |
The European Commission opens an in-depth investigation into Microsoft's proposed $69B Activision Blizzard acquisition and sets a March 23 decision deadline — Microsoft Corp.'s proposed $69 billion takeover of games developer Activision Blizzard Inc. faces an in-depth European Union probe …
More:
European Commission, Reuters, Wall Street Journal, CNN, Washington Post, IGN, Android Headlines, GamesIndustry.biz, The Information, BigTechWire, The Verge, Thurrott, Game Developer, Neowin, Game Rant, TheGamer, Windows Central, Associated Press, Twinfinite, City A.M., OnMSFT.com, and Engadget
| Wall Street Journal: |
Sources: Mark Zuckerberg told Meta staff that layoffs begin on November 9, he is accountable for missteps, and his overoptimism about growth led to overstaffing — Meta Platforms Inc. will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday.
More:
The Guardian, CNN, Bloomberg, Protocol, Silicon Valley Business …, Reuters, 9to5Mac, The Block, The Information, Insider, That's so Meta, and SlashGear
Tweets: @gergelyorosz, @sal19, @jeffhorwitz, @kantrowitz, @jeffhorwitz, @jeffhorwitz, and @jeffhorwitz
| Thomas Germain / Gizmodo: |
Research suggests Apple collects data about iPhone usage even when the iPhone Analytics setting to “disable the sharing of Device Analytics altogether” is off — For all of Apple's talk about how private your iPhone is, the company vacuums up a lot of data about you. iPhones … | Mark Gurman / Bloomberg: |
Sources: turnover has hindered Apple's search for a new head of product design, leaving few obvious candidates for a department still in Jony Ive's shadow — Turnover at Apple Inc. has hindered efforts to replace the head of product design, leaving a gaping hole at the helm of a prominent team that's … | Financial Times: |
Analysis: corporate diplomacy in China let Apple evade the tech crackdown and profit more than local tech giants, but exposes the company to supply chain shocks — The most profitable tech company operating in China is not a homegrown internet giant such as Alibaba or Tencent, but California-based Apple.| Jon Keegan / The Markup: |
A look at data brokers selling “comprehensive” profiles of potential voters to campaigns, including phone geolocation data gleaned from real-time auctions — Before you got in line on Election Day, the emerging and largely unregulated political tracking industry was able to trace your movements| Kollen Post / The Block: |
The SEC wins its lawsuit arguing that decentralized publishing platform LBRY's token is subject to regulatory oversight, in a blow to crypto token issuance — - A New Hampshire district court has ruled against decentralized publishing platform LBRY in a legal battle with the SEC.
More:
CoinDesk, SEC.gov, Reuters, Reuters, Reclaim The Net, FX Empire, and U.Today
Tweets: @attorneyjeremy1, @lex_node, @johnedeaton1, @lbrycom, @lbrycom, @bitboy_crypto, @jeremykauffman, @dizer_ym, @belisarius2020, @lex_node, and @drnicka
| Takashi Mochizuki / Bloomberg: |
Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, thanks to a weakened yen, and cuts its fiscal year Switch sales forecast by 10% to 19M — Nintendo Co. cut its fiscal-year forecast for Switch console sales by 10% to 19 million after reporting earnings in line with expectations.
More:
Nintendo Investor Relations, The Verge, Kotaku, IGN, and MobileSyrup
Tweets: @6d6f636869, @6d6f636869, @6d6f636869, and @andresegers
| Umar Shakir / The Verge: |
Zoom releases Mail and Calendar clients in beta as part of its Zoom One interface, announces an AI-powered Zoom Virtual Agent chatbot coming in 2023, and more — Available as a beta release, the Outlook-like Mail and Calendar will slot neatly into the company's new unified Zoom …
More:
Zoom Blog, SiliconANGLE, PCWorld, PYMNTS.com, Thurrott, eWeek, Computerworld, BGR, Digital Trends, Neowin, and Engadget
| Ryan Mac / New York Times: |
As Twitter's problems mount, Elon Musk is tweeting 25+ times per day in November, up from ~13 times per day in April 2022 — The new owner of Twitter has embarked on a tweeting spree to push back, spar and justify his actions. — Ryan Mac, who is based in Los Angeles, writes about accountability in the technology industry.| Lauren Forristal / TechCrunch: |
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix's 223.1M in its Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M — Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …
More:
The Verge, The Information, Reuters, Light Reading, Deadline, BGR, IGN, GameSpot, Variety, Decider, and The Streamable
Tweets: @sarafischer and @jschwarz9
| Andrew J. Hawkins / The Verge: |
Google and Renault announce plans to build a “software-defined vehicle” on Android Automotive; Renault picks Google Cloud as its “preferred cloud provider” — This “software-defined vehicle” will be built on Google's Android Automotive operating system and send data …
More:
Google Inc., Android Police, ZDNet, SiliconANGLE, Bloomberg, and Observer
| Kollen Post / The Block: |
The US Treasury's Office of Foreign Asset Control adds a designation to Tornado Cash that ties the crypto mixer to North Korea's nuclear weapons program — - The Treasury has re-designated Tornado Cash, tying the decentralized crypto mixer to North Korea's nuclear weapons program.
More:
U.S. Department …, The Record, Decrypt, CoinDesk, Cointelegraph, and Reuters
Tweets: @valkenburgh and @antoniogm
| Joseph Menn / Washington Post: |
An investigation shows TrustCor Systems, used by Chrome, Safari, and Firefox as a root certificate authority, has ties to US intelligence and law enforcement — TrustCor Systems vouches for the legitimacy of websites. But its physical address is a UPS Store in Toronto.| Steven Levy / Wired: |
Meta's Oversight Board after two years and nearly 2M appeals: $150M in funding through 2025, 28 rulings, and 119 recommendations, as it wins over some critics — Mark Zuckerberg set up the panel to investigate how his company handles controversial posts. Now its members want to transform how social platforms work.
Tweets: @stevenlevy
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