December 10, 2022, 1:05 PM

Top News

Sara Fischer / Axios:
Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns  —  The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …
More: The Block, The Block, CoinDesk, SlashGear, The Information, TechCrunch,, The Economic Times, Crypto Daily, Crypto Adventure, Crypto Briefing, Bitcoin News, BTC Times, Insider, The Verge,, CoinGape, Watcher Guru, Web3 is going just great, CryptoSlate, Cointelegraph, and Bitcoin Magazine
Devin Coldewey / TechCrunch:
Despite Elon Musk's opaque approach, the “Twitter Files” give a peek at moderation at scale and are a win for transparency, while failing to prove systemic bias  —  Twitter's new owner, Elon Musk, is feverishly promoting his “Twitter Files”: selected internal communications from the company …
Natasha Lomas / TechCrunch:
Ireland's privacy watchdog says it is engaging with Twitter about giving data access to outsiders, amid concerns that Twitter could be in violation of GDPR  —  Elon Musk's desire to stir conspiratorial shit up by giving select outsiders aligned with his conservative agenda access to Twitter systems …
Julia Shapero / The Hill:
Bari Weiss releases “Twitter Files Part Two”, sharing images of accounts that Twitter allegedly put on “blacklists” and screenshots of internal Slack messages  —  Former New York Times columnist Bari Weiss released the second installment of the “Twitter Files” …
Nick Turner / Bloomberg:
Source: the US DOJ is preparing a potential fraud case against Sam Bankman-Fried and others, examining USD sent to the Bahamas around FTX's bankruptcy filing  —  US prosecutors, laying the groundwork for a potential fraud case against Sam Bankman-Fried and others involved in the collapse …
Matthew Goldstein / New York Times:
SBF says he will testify before a US House committee on December 13 but “respectfully declines” to appear before a Senate committee, which may issue a subpoena  —  The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.
Emily Nicolle / Bloomberg:
New York Times:
The FTC will face hurdles to block Microsoft's Activision deal, as courts are skeptical of vertical merger challenges where two companies don't compete directly  —  Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
FTC officials seeking to block Microsoft's Activision deal are potentially more concerned about the future of cloud gaming than console-exclusive games  —  Microsoft Corp.'s $69 billion acquisition of Activision Blizzard Inc. has focused attention on the decades-old paradigm …
Nick Baker / CoinDesk:
Nitish Pahwa / Slate:
Three members of Twitter's Trust & Safety Council, including two who have been members since 2016, resign, alleging Twitter's new leadership had shut them out  —  Eirliani Abdul Rahman helped the platform stop youth sexual exploitation.  The new boss wasn't listening.
Washington Post:
With Republicans poised to take over the House in 2023, a look at the prospects of the bipartisan American Data Privacy and Protection Act in a divided Congress  —  With Republicans poised to take over the House next year, a divided Congress looms.  The result could be two years of partisan strife and gridlock.

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Sheila Dang / Reuters:
Chance Miller / 9to5Mac:
Cecilia D'Anastasio / Bloomberg:
Tim Bradshaw / Financial Times: