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November 10, 2022, 7:10 AM
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WeSmirchTop News
| Wall Street Journal: |
Binance abandons its rescue acquisition offer for FTX after reviewing FTX's finances, saying “the issues are beyond our control or ability to help” — Crypto exchange's decision leaves FTX with uncertain future as it faces multibillion-dollar shortfall — Sam Bankman-Fried in Talks to Raise More Funding
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Sequoia Capital, CoinDesk, Bloomberg, New York Times, Decrypt, The Block, CoinDesk, CoinDesk, Reuters, Reuters, Barron's Online, CNBC, Blockworks, Deadline, Cointelegraph, Whitespace, Trustnodes, Coinspeaker, CryptoPotato, Ethereum World News, crypto.news, BBC, Crypto Daily, Protocol, Watcher Guru, CryptoSlate, CoinJournal, MediaNama, Bloomberg, Reuters, CoinGape, Coinpedia Fintech News, DealStreetAsia, Financial Times, and Silicon Canals
Tweets: @binance, @cz_binance, @halocrypto, @justinsuntron, @cz_binance, @zebulgar, @binance, @genesistrading, @tier10k, @tier10k, @jespow, @cobie, @p3b7_, @jespow, @ianthetechie, @autismcapital, @fintechfrank, @firstadopter, @cobie, @cmsintern, @goodalexander, @ldrogen, @cryptohayes, @1markmoss, @cobie, @rajgokal, @deitaone, @binance, @functi0nzer0, @asvanevik, @fiskantes, @shaanvp, @cobie, @beeple, @adamscochran, @paleofuture, @hsakatrades, @chadlums, @jespow, @jespow, @hsakatrades, @davidvorick, @thinkingusd, @thestalwart, @binance, @chrisjbakke, @bitboy_crypto, @mcclellanosc, @hsakatrades, @tradermayne, @lyu_johnny, @unusual_whales, @autismcapital, @keonehd, @garyblack00, @macnbtc, @functi0nzer0, @macroalf, @altcoingordon, @whale_alert, @jespow, @0xquit, @0xfoobar, @koroushak, @jessicasier, @0xfoobar, @zachdex, @nic__carter, @tree_of_alpha, @cryptohayes, @adamscochran, @econoar, @whet, @autismcapital, @obsoletedogma, @tree_of_alpha, @danprimack, @tier10k, @cobie, @cryptoquant_com, @crypto_chase, @tittyrespecter, @loopifyyy, @simondixontwitt, @hsakatrades, @bitcoinpanda69, @0xsisyphus, and @biancoresearch
| Tanaya Macheel / CNBC: |
Major coins are plummeting: Solana crashes 30%+ to ~$14, bitcoin drops 14%+ to below $17,000, a new low since November 2020, and ether drops 17%+ to ~$1,200 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
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The Block, DCD, CoinDesk, Protocol, CNBC, Protos, Bloomberg, Blockworks, Associated Press, and Coinpedia Fintech News
Tweets: @cz_binance, @sbf_ftx, @brian_armstrong, @weremeow, @ercwl, @alistairmilne, @jasonplowery, @paoloardoino, @jp_koning, @dylanleclair_, @astro__magic, @cryptodonalt, @rajgokal, @jerallaire, @asvanevik, @trustlessstate, @venturecoinist, @jerallaire, @lars0x, @rajgokal, @rookiexbt, @noahpinion, and @brantlymillegan
| Reuters: |
Sources detail FTX's rise and fall: CZ's ~$100M investment in 2019, deteriorating relationship with Binance, significant losses at Alameda in 2022, and more — On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message.
More:
Finbold, The Block, Tech Monitor, CoinDesk, and Coinspeaker
Tweets: @gainzy222, @wublockchain, @altcoinpsycho, @rnr_0, @coinmamba, @akadosang, @byrobdavies, @jaltucher, @hsakatrades, @vladtenev, @vladtenev, @alphaketchum, @ademiici, @peter_tl, and @peter_tl
| Dan Primack / Axios: |
Sequoia tells investors the firm marked down its FTX investment of $213.5M across two funds to $0, saying it “ran a rigorous diligence process” before investing — - Its $150 million of exposure to both FTX and FTX.US in its third global growth fund represents less than 3% of that fund's total capital commitment.
More:
Bloomberg, The Guardian, Blockworks, TechCrunch, Newcomer, The Block, Insider, Coinspeaker, The Information, crypto.news, CoinGape, and TheBitTimes.Com's Newsletter
Tweets: @sequoia, @stockjabber, @ericbalchunas, @austen, @banthebbc, and @firstadopter
| Gillian Tan / Bloomberg: |
Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B — Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy …
More:
Wall Street Journal, New York Times, The Block, Coinspeaker, TIME, Cryptonews, Watcher Guru, Financial Times, Insider, and The AstroCryptoReport
Tweets: @tier10k, @zhusu, and @cryptoinsightuk
| Bloomberg: |
Sources: the SEC and the CFTC are investigating whether FTX.com mishandled customer funds and FTX's relationship with other parts of Sam Bankman-Fried's empire — US financial regulators are investigating whether beleaguered crypto-exchange FTX.com properly handled customer funds … | Joshua Oliver / Financial Times: |
More:
Arthur Hayes, Wired, Coinspeaker, Fortune, and CoinDesk
Tweets: @cz_binance, @functi0nzer0, @melissaleecnbc, and @caspiancey
| Kyle Wiggers / TechCrunch: |
After Twitter labels select accounts as “Official”, Elon Musk says he “killed it” and an executive says the label “is still going out” as part of the new Blue — Update: Well, that was fast. The grey checks have begun to disappear following a tweet …
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Engadget, Wall Street Journal, PCMag, Insider, The Verge, Washington Post, Ars Technica, PhoneArena, Android Headlines, City A.M., Music Ally, NBC News, CNBC, Tech Xplore, RTÉ, BGR India, Neowin, and The Register
Tweets: @elonmusk, @esthercrawford, @elonmusk, @esthercrawford, @esthercrawford, @waemd, @elonmusk, @agoldmund, @esthercrawford, @esqueer_, @mcuban, @esthercrawford, @mmasnick, @maxwelltani, @mkbhd, @dril, @mkbhd, @dangeredwolf, @alexvtunzelmann, @levie, @fascinated, @mds, @dojacat, @mlothianmclean, @ditzkoff, @caseynewton, @caseynewton, @malwaretechblog, @mcuban, @caseynewton, @carnage4life, @adamliaw, and @fanhouse
| Taylor Hatmaker / TechCrunch: |
Fake Twitter accounts of athletes and other celebrities, some now suspended, are spreading fake announcements and chaos as paid Blue checkmarks become available — Elon Musk's mercurial leadership and half-baked product plans are already creating fertile ground for confusion on Twitter.
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Insider, CNN, TMZ.com, Digg, The Verge, Snopes, NBC News, Mashable, The Verge, Video Games Chronicle, and NBC Bay Area
Tweets: @jasonschreier, @jordanliles, @tmz, @vxunderground, @joonlee, @jsrailton, @jsrailton, @jpbrammer, @barnacules, @twitchparody, @gabefollower, @kalhanr, and @mcuban
| Mark Gurman / Bloomberg: |
Apple limits iOS' AirDrop in China for receiving files from non-contacts to 10 minutes after its use in protests, and plans to change the global default in 2023 — Apple Inc. has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters to spread images to other iPhone owners.
More:
9to5Mac, VICE, The Verge, AppleInsider, South China Morning Post, Engadget, Mashable, Tech Xplore, and Neowin
Tweets: @zeyiyang, @therealjoshye, @rachel_cheung1, @bitinn, @unhedgedchatter, and @dangillmor
| Becky Peterson / The Information: |
Report: Twitter filed to register with the US Treasury to process payments; source: Twitter is working on a product that accepts cryptocurrencies including DOGE — Twitter is taking steps to launch a payment processing product that could put it into competition with PayPal.
| Kurt Wagner / Bloomberg: |
In his first email to Twitter staff, Elon Musk warns of “difficult times ahead” and ends remote work policies, saying employees should be in 40+ hours per week — New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for …
More:
The Verge, The Economic Times, Insider, Reuters, and TechCircle
Tweets: @louiseridley, @samtabahriti, and @pelstrom
| Tom Warren / The Verge: |
Microsoft begins to roll out iCloud Photos integration in Windows 11 through an update to the built-in Windows Photos app — Microsoft is starting to roll out iCloud Photos integration into Windows 11. A new update to the Photos app in Windows 11 is now available, which will include …
More:
Windows Blog, iPhone Hacks, and Sammy Fans
| Sara Fischer / @sarafischer: |
[Thread] Elon Musk tells advertisers in a Spaces chat that Twitter plans to improve ad relevance, he will pay to verify brands if they don't want to, and more — 1/ Live tweeting @elonmusk Twitter spaces w advertisers: Q: What's biggest learning so far? —"The overarching goal here is, how can we make Twitter a force for good in civilization?" —"We want to be in rigorous pursuit of the truth, to be somewhat in the business of truth"
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Adweek, New York Times, Axios, Finextra, Digiday, CNN, Vox, TheGamer, Bloomberg, Dexerto, Beyond Search, and TechCrunch
Tweets: @nandoodles, @justinhendrix, @oneunderscore__, @mmasnick, @cobie, and @jmaguirecritic
| Cameron Thompson / CoinDesk: |
OpenSea plans to continue to enforce NFT royalties on its platform, after X2Y2, Magic Eden, and LooksRare altered their NFT royalty structures — “The world is otherwise burning, but we decided this couldn't wait,” a representative from OpenSea told CoinDesk.
More:
Metaverse Post and Bitcoinist.com
Tweets: @opensea, @kevinrose, @ysiu, @pranksy, @synystergates, @superrare, @superrare, @gabrielleydon, @allseeingseneca, and @betty_nft
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