| Stephanie Murray / The Block: |
DCG's Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG's Genesis halts withdrawals — Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.| Sunil Jagtiani / Bloomberg: |
Crypto prices sink, with bitcoin dropping ~4% to ~$16.1K and ether ~7% to ~$1.1K, dragged down by the FTX saga, hacker offloading ether, and potential contagion — Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.| Alex Weprin / The Hollywood Reporter: |
The Walt Disney Company's board announces Bob Chapek will step down as CEO and be replaced by Bob Iger for two years effective immediately; stock jumps 5%+ — Disney's board of directors announced the move Sunday evening.| Matt Novak / Gizmodo: |
In a tweet reply, Elon Musk says Alex Jones will not be unbanned as he has “no mercy for anyone who would use the deaths of children for gain, politics or fame” — Keeping the Sandy Hook conspiracy theorist off Twitter is personal for Musk. — Alerts| Ryan Lovelace / Washington Times: |
Twitter reinstates the accounts of Ye, Project Veritas, and others, despite Musk's pledge to delay such decisions until forming a content moderation council — Several banned Twitter users are making their return to the social media platform, following new owner Elon Musk clearing a path … | Mark Niquette / Bloomberg: |
| Alexa Corse / Wall Street Journal: |
Elon Musk's Twitter starts the FIFA World Cup, traditionally one of the platform's busiest periods, with a depleted staff, potentially leading to serious issues — Employees have been working for weeks to prepare for the soccer extravaganza, a Twitter executive says| Bloomberg: |
Mass tech layoffs leave hundreds of H-1B visa holders scrambling for new jobs to stay in the US; Amazon, Meta, and others sponsored 45K+ in the last three years — Mass tech layoffs have left hundreds of workers living in the US on temporary visas with little time to find another job, or they'll have to leave the country.| Washington Post: |
US government officials worry over Twitter's potential demise, arguing the platform is one of the most effective emergency communication tools — LOS ANGELES — Kate Hutton was watching a Dodgers game one Friday night when she saw something strange in the outfield: The foul poles swayed, her TV feed trembled.| New York Times: |
Online sports betting companies are cutting big deals with US colleges to promote gambling to students, like Caesars Sportsbook's $8.4M deal with Michigan State — In order to reap millions of dollars in fees, universities are partnering with betting companies to introduce their students and sports fans to online gambling.| Hannah Murphy / Financial Times: |
An interview with Brian Armstrong on crypto and economic freedom, Coinbase's “no politics in the workplace” policy, the crypto downturn, regulation, and more — Ahead of my lunch with crypto exchange chief Brian Armstrong, his team tell me they had tried to find a decent restaurant … | David Yaffe-Bellany / New York Times: |
A look at Gary Gensler's plan to regulate most crypto as securities and questions over the SEC's handling of FTX, which met the regulator before its implosion — Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.| Paul Sawers / TechCrunch: |
The UK's CMA plans to investigation Broadcom's proposed $61B VMware acquisition, following similar investigations by the European Commission and FTC — The U.K.'s Competition and Markets Authority (CMA) has initiated a so-called “phase 1” investigation into Broadcom's proposed $61 billion deal … | Maria Deutscher / SiliconANGLE: |
Meta rolls out its Precision Time Protocol to its data centers, upgrading on the Network Time Protocol, aiming to sync its networks down to nanoseconds — Meta Platforms Inc. today detailed an internal initiative years in the making that focused on upgrading its data centers' timing protocol … | Paul Tassi / Forbes: |
Twitter's automated copyright strike system appears to be broken, as users upload full movies; some accounts with viral tweets were later suspended — While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk … | Mark Gurman / Bloomberg: |
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| Bloomberg: |
| Jay Peters / The Verge: |