November 9, 2022, 4:50 PM

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Wall Street Journal:
Binance walks away from its offer to acquire FTX after reviewing FTX's structure and books, saying “the issues are beyond our control or ability to help”  —  Crypto exchange's decision comes as it conducts due diligence on FTX  —  Sam Bankman-Fried in Talks to Raise More Funding
More: New York Times, Bloomberg, The Block, TechCrunch, CoinDesk, VentureBeat, Protocol, SiliconANGLE, TechCrunch, Bloomberg, The Verge, CoinDesk, Decrypt, The Block, Los Angeles Times, San Francisco Business Journal, Blockworks,, Trustnodes, Gizmodo, Finextra, Reuters, Reuters, Reuters, CoinDesk, Financial Times, Reuters, Cointelegraph, CNBC, Bitwise Investments, Crypto Briefing, CoinGape, CryptoSlate, ZeroHedge, The Block, Bloomberg, Sydney Morning Herald, and Watcher Guru
Tweets: @cz_binance, @binance, @lucasnuzzi, @halocrypto, @zebulgar, @tier10k, @binance, @genesistrading, @goodalexander, @thestalwart, @binance, @asvanevik, @cobie, @deitaone, @cobie, @ldrogen, @rajgokal, @joeconsorti, @mkultramoney, @obsoletedogma, @zerohedge, @crypto_chase, @adamscochran, @mayazi, @fintechfrank, @danprimack, @dantwany, @dystopiabreaker, @hhorsley, @fxmacro, @nic__carter, @tree_of_alpha, @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, @cryptomanran, @dougpolkvids, @statelayer, @autismcapital, @coldbloodshill, @tree_of_alpha, @hsakatrades, @thinkingusd, @loomdart, @kadhim, @hsakatrades, @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, @omarg, @adamscochran, @cobie, @scopeprotocol, @fintechfrank, @punk9059, @whet, and @edmundlee
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
Sources: the SEC and CFTC are investigating 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 properly handled customer funds …
Shaurya Malwa / CoinDesk:
In the wake of FTX's dramatic fall, Binance,, 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.
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 into Windows 11, in 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 the ability …
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 …
Rebecca Elliott / Wall Street Journal:
Filings: after buying Twitter for $44B, Elon Musk sold 19.5M Tesla shares, worth almost $4B, from November 4 to 8, leaving him with a roughly 14% stake  —  The sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August
Ernesto Van der Sar / TorrentFreak:
Italian court upholds a ban against Cloudflare resolving DNS queries for three torrent sites, after Cloudflare appealed that the ban would impact users globally  —  The Court of Rome has confirmed that Cloudflare must block three torrent sites through its public DNS resolver.

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