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November 9, 2022, 5:40 PM

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Wall Street Journal:
Binance walks away from the FTX deal after reviewing FTX's finances; sources: SBF seeks funding to cover a shortfall of up to $8B due to withdrawal requests  —  Crypto exchange's decision comes as it conducts due diligence on FTX  —  Sam Bankman-Fried in Talks to Raise More Funding
More: Bloomberg, New York Times, CoinDesk, Reuters, The Block, TechCrunch, CoinDesk, Protocol, VentureBeat, Protocol, SiliconANGLE, The Block, TechCrunch, Bloomberg, The Verge, CoinDesk, Decrypt, The Block, Los Angeles Times, San Francisco Business Journal, Blockworks, PYMNTS.com, Gizmodo, CNBC, Finextra, Trustnodes, Reuters, CoinDesk, Reuters, Reuters, Forbes, Financial Times, CryptoSlate, The Daily Hodl, Bitcoin Magazine, Cointelegraph, NewsBTC, Watcher Guru, Bitcoin News, Bloomberg, Bitwise Investments, Crypto Briefing, CoinGape, ZeroHedge, and Watcher Guru
Tweets: @binance, @cz_binance, @tier10k, @lucasnuzzi, @zebulgar, @halocrypto, @tier10k, @tier10k, @binance, @cobie, @genesistrading, @hsakatrades, @binance, @asvanevik, @cobie, @deitaone, @cobie, @ldrogen, @goodalexander, @rajgokal, @claritytoast, @cobie, @simondixontwitt, @hsakatrades, @cryptokaleo, @tittyrespecter, @autismcapital, @tree_of_alpha, @dylanleclair_, @cryptohayes, @nadeshot, @cryptokaleo, @0xfoobar, @cryptomanran, @joeconsorti, @mkultramoney, @obsoletedogma, @zerohedge, @crypto_chase, @adamscochran, @mayazi, @smdiehl, @fintechfrank, @danprimack, @dantwany, @dystopiabreaker, @hhorsley, @fxmacro, @nic__carter, @tree_of_alpha, @coinmamba, @gladstein, @cryptohayes, @cryptohayes, @olya_borderless, @adamscochran, @cryptoquant_com, @biancoresearch, @mikeburgersburg, @gainzy222, @vec0zy, @matthew_pines, @econoar, @tradermayne, @cameron, @unlockscalendar, @aridavidpaul, @cameron, @icebergy_, @ben_mckenzie, @thinkingusd, @odell, @bitcoinpanda69, @tier10k, @tier10k, @ki_young_ju, @dougpolkvids, @statelayer, @autismcapital, @coldbloodshill, @tree_of_alpha, @hsakatrades, @thinkingusd, @loomdart, @kadhim, @kadhim, @trader1sz, @shanicucic96, @thedefiedge, @autismcapital, @btcgandalf, @autismcapital, @iamdcinvestor, @txmctrades, @bitboy_crypto, @lilmoonlambo, @altcoinpsycho, @kieranmlkelly, @stackersatoshi, @firstadopter, @fintwit_news, @hunterwalk, @cmsintern, @autismcapital, @ashleydcan, @algodtrading, @odell, @adamscochran, @aeyakovenko, @punk6529, @ahcastor, @crypto_chase, @binance, @jimcramer, @anthony, @hsakatrades, @edzitron, @tier10k, @kateclarktweets, @functi0nzer0, @adamscochran, @jangold_, @tier10k, @felixsalmon, @bizcarson, @thestalwart, @omarg, @adamscochran, @cobie, @fintechfrank, and @scopeprotocol
Tanaya Macheel / CNBC:
Major coins are plummeting: Solana crashes 45%+ to ~$12, bitcoin drops 10%+ to below $16,000, its lowest since November 2020, and ether drops 12%+ to ~$1,150  —  FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
Bloomberg:
Sources: the SEC and CFTC are investigating FTX.com over handling customer funds and its 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:
Memo: Binance CEO Changpeng Zhao says FTX's near collapse “severely” shook confidence in the crypto industry, offers some deal details, and halts FTT sales  —  Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’  —  The near collapse of FTX has …
Shaurya Malwa / CoinDesk:
In the wake of FTX's dramatic fall, Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, and OKX pledge to release their Merkle tree reserve certificates  —  Nine prominent exchanges said they will publish proof-of-their-reserve holdings in the next month.  —  Crypto exchanges are now scrambling …
Tom Maloney / Bloomberg:
Sam Bankman-Fried's estimated $15.6B fortune has been eviscerated in days by the demise of FTX and Alameda, dropping to ~$1B, the largest one-day collapse ever  —  Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
Meta:
Mark Zuckerberg says Meta plans to lay off 13% of its staff, or 11,000+ employees, and will cut discretionary spending and extend its hiring freeze through Q1  —  Mark Zuckerberg just shared the following with Meta employees:  —  Today I'm sharing some of the most difficult changes we've made in Meta's history.
Kyle Wiggers / TechCrunch:
After rolling out Twitter's “Official” label to select high-profile accounts, Elon Musk says he “killed it” in a reply to YouTuber MKBHD  —  Update: Well, that was fast.  The grey checks have begun to disappear following a tweet from Twitter CEO Elon Musk implying …
Sara Fischer / @sarafischer:
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 …
Frederic Lardinois / TechCrunch:
IBM unveils its Osprey quantum processor with 433 qubits, up from 127 in its 2021 Eagle processor, and plans to hit 4,000+ with its Kookaburra processor in 2025  —  IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we're not quite there yet.
Nilay Patel / The Verge:
An interview with CEO Dylan Field on scaling Figma, selling the company to Adobe, retaining autonomy, WebGL, making VR Figma for the metaverse, AGI, and more  —  We also talk about AI and VR — but we know why you're here. … Dylan Field is the co-founder and CEO of Figma …

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