Techmeme
December 28, 2022, 4:50 PM

Top News

Osato Avan-Nomayo / The Block:
Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT, before swapping for bitcoin, taking their holdings to 47.6 BTC  —  - Wallets linked to Alameda Research have sold several crypto tokens.  — These swaps happened barely days after Sam Bankman-Fried posted bail.
Gretchen Morgenson / NBC News:
A look at North Dimension, a little-known Alameda Research subsidiary, where the SEC says FTX told customers to wire funds to trade without disclosing the ties  —  Among the 130 or so companies in Sam Bankman-Fried's sprawling crypto empire, North Dimension Inc. assumed a low profile.
Jonathan Stempel / Reuters:
Court records: SBF is expected to enter a plea before a new judge on January 3, after the original judge recused herself as her husband's law firm advised FTX  —  Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars …
Bloomberg:
Court filings: Sam Bankman-Fried said in an affidavit that he and Gary Wang borrowed $546M+ from Alameda to buy a nearly 8% stake, or ~56M shares, in Robinhood  —  FTX founder Sam Bankman-Fried said he and former executive Gary Wang borrowed more than $546 million from Alameda Research to buy …
Oliver Knight / CoinDesk:
SEC filing: MicroStrategy acquired ~3,205 BTC for ~$56.4M from Nov. 1 to Dec. 24 and sold ~704 BTC on Dec. 22 to offset gains, taking its holding to ~132.5K BTC  —  The software company also sold a small amount of the cryptocurrency for the first time.  —  MicroStrategy (MSTR) …
Sidhartha Shukla / Bloomberg:
Solana drops ~10% to around $10, as bitcoin and ether saw modest declines, over concerns that large holders could offload the token; SOL is down 94% in 2022  —  Solana, the cryptocurrency backed by fallen crypto mogul Sam Bankman-Fried, tumbled on Wednesday amid concerns that large holders may be about to offload the token.
Theo Wayt / The Information:
Source: Amazon is working on a standalone app for watching sports, decluttering the Prime Video app; Andy Jassy recently reaffirmed Amazon's video ambitions  —  Amazon has discussed doing a stand-alone app for watching sports content, people briefed on the conversations told The Information.
Joe Schneider / Bloomberg:
Investors sue Gemini and Tyler and Cameron Winklevoss over offering Gemini Trust Earn interest-bearing accounts, which Gemini failed to register as securities  —  Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, were sued by investors who claim the crypto asset exchange sold …
Ian Johnston / Financial Times:
Mastodon CEO Eugen Rochko rejected more than five Silicon Valley VC offers for “hundreds of thousands of dollars” to protect the platform's nonprofit status  —  Fast-growing open-source microblogging site has seen a surge of interest since Elon Musk took over Twitter
Moira Warburton / Reuters:
The US House bans TikTok on all House-managed devices, citing a “high risk due to a number of security issues”, after similar bans by US state governments  —  The popular Chinese video app TikTok has been banned from all U.S. House of Representatives-managed devices …
Sam Kessler / CoinDesk:
A hacker leaks API keys belonging to users of crypto trading service 3Commas, which said its users were “phished”; 3Commas CEO confirms the leaked data  —  The leak comes after 3Commas repeatedly told users that they had been “phished” after widespread hacks.
Aoyon Ashraf / CoinDesk:
Bitcoin miner Argo Blockchain avoids bankruptcy after agreeing to sell its Helios mining facility in Texas to Galaxy Digital for $65M and taking a new $35M loan  —  Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.
Jonathan Vanian / CNBC:
CCS Insight: global shipments of VR and AR devices fell 12%+ YoY to 9.6M in 2022; NPD: US annual sales of VR headsets fell 2% YoY to $1.1B as of early December  —  - Sales of virtual reality headsets in the U.S. declined 2% year over year to $1.1 billion as of early December, according to NPD Group.

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