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November 8, 2022, 2:20 PM
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WeSmirchTop News
| @cz_binance: |
Binance CEO Changpeng Zhao says the company signed a non-binding LOI to fully 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://ftx.com/ and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
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Bloomberg, CoinDesk, New York Times, CoinDesk, The Block, Financial Times, Decrypt, VentureBeat, PYMNTS.com, Engadget, Semafor, The Guardian, SiliconANGLE, The Verge, Forbes, Blockworks, Wall Street Journal, Tech Monitor, Finbold, Protocol, Bloomberg, The Economic Times, Finextra, Wall Street Journal, TechCrunch, Fortune, Cointelegraph, Forbes, Politico, Crypto Daily, The Daily Hodl, Coinpedia Fintech News, Ed Zitron's Where's Your Ed At, Bitcoinist.com, Bitcoin News, The Bitcoin Layer, Fortune, CoinGape, Ethereum World News, Crypto Briefing, CryptoPotato, NewsBTC, Bitcoin Magazine, CryptoSlate, Monkey Business, Axios, Reuters, Slashdot, CNBC, CryptoGlobe, Trustnodes, and Web3 is going just great
Tweets: @sbf_ftx, @cz_binance, @thestalwart, @chrisfralic, @sbf_ftx, @shaanvp, @robinwigg, @robinwigg, @danprimack, @ftx_official, @wassielawyer, @sbf_ftx, @lizrhoffman, @hsakatrades, @danprimack, @sbf_ftx, @erickschonfeld, @carnage4life, @algodtrading, @odell, @mattzeitlin, @gladstein, @elliotrades, @sbf_ftx, @cryptoharry_, @dougboneparth, @tracyalloway, @autismcapital, @crypto_chase, @cobie, @nouriel, @litcapital, @shaanvp, @monkeycharts, @arthur_0x, @timccopeland, @aridavidpaul, @tylercowen, @founderflori, @founderflori, @johnedeaton1, @simondixontwitt, @altcoinpsycho, @cryptohayes, @to, @hodlkryptonite, @hodlkryptonite, @hodlkryptonite, @noahpinion, @lex_node, @0xopaque, @marionawfal, @tomgara, @jillrgunter, @cz_binance, @marketsmeowmeow, @lhm1, @wassielawyer, @benedictevans, @tier10k, @lawmaster, @autismcapital, @bongcapital, @nkulw, @evgenygaevoy, @thestalwart, @austen, @marionawfal, @abetrade, @olimpiocrypto, @0xhamz, @realmeetkevin, @aridavidpaul, @cryptodonalt, @dylanleclair_, @tensaicapital, @lizrhoffman, @claritytoast, @litcapital, @felixsalmon, @dylanleclair_, @mayazi, @mayazi, @zachweinberg, @epro, @evan_lorenz, @evan_lorenz, @219_eth, @aeyakovenko, @solanaspaces, @pitdesi, @bcbacker, @coldbloodshill, @arpitrage, @peter_tl, @saylor, @paul_griffiths, @levynews, @paul_griffiths, @ericnewcomer, @ljkawa, @claritytoast, @raoulgmi, @bondhack, @lizrhoffman, @ashcryptoreal, @crypto_bitlord7, @marionawfal, @scottmelker, @cobie, @ericnewcomer, @thinkingusd, @cobie, @dogetoshi, @haralabob, @cobie, @matthewstoller, @buccocapital, @dancow, @buccocapital, @danprimack, @canteringclark, @alistairmilne, @croesus_btc, @asvanevik, @coinmamba, @stoolpresidente, @cryptocapo_, @zachweinberg, @edzitron, @biancoresearch, @pkafka, @jaypinho, @edzitron, @hsakatrades, @claritytoast, @tuurdemeester, @sbf_ftx, @ericnewcomer, @seyitaylor, @coffeebreak_yt, @matthewstoller, @tphillips, @lessin, @byzgeneral, @hosseeb, @autismcapital, @stackhodler, @dominic_w, @wublockchain, @hsakatrades, @mrjasonchoi, @aeyakovenko, @adamscochran, @kadhim, @spreekaway, @tuurdemeester, @fiskantes, @silvermanjacob, @elliotrades, @autismcapital, @alexhern, @thinkingusd, @macnbtc, @allnick, @iamdcinvestor, @ashcryptoreal, @otteroooo, @alex, @carnage4life, and @carnage4life
| Sam Reynolds / CoinDesk: |
FTX's FTT token drops below $7, down ~70% 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, CoinDesk, Blockworks, Bloomberg, Decrypt, Bloomberg, Protos, CoinGape, and Cryptonews
| 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 in 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:
The Information, The Block, SiliconANGLE, TechCrunch, Cryptoinsight.pro, The Block, Protos, and CNBC
Tweets: @sbf_ftx, @dogetoshi, @tier10k, @blockanalia, @firstadopter, @cryptomanran, @scopeprotocol, @jamespmcleod, @punk9059, @coryklippsten, and @dogetoshi
| Andrew Rummer / The Block: |
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Gizmodo, Bloomberg, Los Angeles Times, TheStreet, CoinDesk, Protocol, Crypto Daily, Tech Xplore, Financial Times, Crowdfund Insider, Bitcoinist.com, crypto.news, The Crypto Basic, Ethereum World News, CryptoSlate, and Bitcoin Magazine
Tweets: @cz_binance, @cz_binance, @sbf_ftx, @starokg, @ftx_official, @cz_binance, @sbf_ftx, @milesdeutscher, @sbf_ftx, @hsakatrades, @sbf_ftx, @asvanevik, @asvanevik, @cz_binance, @cz_binance, and @ki_young_ju
| 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:
Insider, Mashable, Fortune, Thurrott, CNBC, MobileSyrup, Marques Brownlee on YouTube, and 9to5Mac
Tweets: @caseynewton, @nickstatt, @zoeschiffer, @shaun_vids, @ow, @clarajeffery, @scalzi, @chronicleflask, @theinnersunset, @jordanuhl, and @joshtpm
| Jonathan Vanian / CNBC: |
Early Twitter investor Chris Sacca says Elon Musk is “alone right now and winging this” and needs people around him willing to “speak some truth to power” — - Venture capitalist Chris Sacca was one of Twitter's first investors and an early user.| Alex Heath / The Verge: |
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ZDNet, USA Today, Financial Times, Finbold, MobileSyrup, Fortune, SlashGear, and Marketing Brew
Tweets: @elonmusk, @alexeheath, @caseynewton, and @alexeheath
| Mark Gurman / Bloomberg: |
Sources: Apple's search for a new product design lead has been hindered by high turnover, leaving few 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 …
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MacRumors, AppleInsider, iThinkDifferent, 9to5Mac, iMore, and BGR
| 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 … | Financial Times: |
Analysis: Apple's corporate diplomacy in Beijing helped it evade crackdowns and kept its profits above China's tech giants but exposes it 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.
More:
New York Times, AppleInsider, and fpt.
Tweets: @kenroth, @nytimesbusiness, @professorfengli, @patrickmcgee_, and @patrickmcgee_
| Takashi Mochizuki / Bloomberg: |
Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, and cuts its fiscal year Switch sales forecast by 10% to 19M; a weakened yen boosts results — 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, MobileSyrup, Thurrott, TechRadar, and GameRevolution
Tweets: @6d6f636869 and @6d6f636869
| 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.| 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
| Jane Lanhee Lee / Reuters: |
Nvidia offers Chinese customers the A800 GPU, which the company says meets US export control rules, as an alternative to the A100 that the US banned for export — U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed …
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Wall Street Journal, Fortune, The Register, Wccftech, ExtremeTech, Tom's Hardware, Notebookcheck.net, and City A.M.. Tweets: @ahern_brendan
| Financial Times: |
Sources: responding to a slowing economy and ad market, ByteDance overhauls TikTok's US operations, moving general manager Sandie Hawkins to TikTok Shop — Chinese-owned social platform makes sweeping leadership changes in its largest market — TikTok's US operations are undergoing …
More:
PYMNTS.com
| 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.
Tweets: @v0max
| 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. and Bloomberg
| Connie Loizos / TechCrunch: |
Q&A with outgoing Y Combinator President Geoff Ralston on his decision to leave the accelerator, its investing capital sources, the market slowdown, and more — Last week at Web Summit, we were asked to interview outgoing Y Combinator President Geoff Ralston about the past, present, and future of the popular accelerator program.Sponsor Posts
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