January 12, 2023, 4:40 PM

Top News

Lucinda Shen / Axios:
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty  —  Disgraced FTX founder Sam Bankman-Fried on Thursday published his account of how the crypto company collapsed.
More: SBF's Substack, The Block, Wall Street Journal, Decrypt, CoinDesk, Engadget, Bitbanter, Cointelegraph, Wccftech, TechCrunch, New York Times, Cointelegraph, Mashable, Crowdfund Insider, Bloomberg, CryptoSlate, The Verge, CoinDesk, CNBC, and NBC News
Tim Reynolds / Associated Press:
A US federal judge terminates FTX's 19-year, $135M naming rights deal with Miami-Dade County's Heat arena, removing branding from the roof, court, and more  —  The naming rights deal between FTX and Miami-Dade County was terminated Wednesday by a federal bankruptcy court …
Bulgarian police raided London-based crypto lender Nexo's office in Sofia on January 12, seeking information on suspected money laundering and tax crimes  —  Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.
Anthony Capaccio / Bloomberg:
Congress rejects the US Army's request for $400M to buy as many as 6,900 Microsoft HoloLens goggles this fiscal year but approves $40M to develop a new model  —  Microsoft Corp. won't be getting more orders for its combat goggles anytime soon after Congress rejected the US Army's request …
JPMorgan Chase sues Frank founder Charlie Javice for allegedly creating 4M+ fake users to get the company to acquire the student loan software startup for $175M  —  The financial giant is suing the founder of a Mark Rowan-backed startup it acquired, claiming the fintech, Frank, had sold the financial giant on a “lie.”
Tony Stubblebine / The Official Medium Blog:
Medium launches a Mastodon instance on, promising members a service with reliable moderation, smoother onboarding, an interesting local feed, and more  —  The fediverse is a breath of fresh air for writers and social media  —  Today, Medium is launching a Mastodon instance at …
Nikou Asgari / Financial Times:
Sources: crypto broker Genesis owes creditors over $3B, leading DCG to explore selling parts of its venture capital holdings, estimated at ~$500M, to raise cash  —  Barry Silbert's conglomerate weighs offloading venture assets to help wholly owned digital asset lender
Kali Hays / Insider:
Sources: Twitter is leaving 12+ offices due to closures or not paying rent, including in Hong Kong, the Philippines, Mexico, Australia, South Korea, and India  —  - Twitter is leaving at least a dozen international offices due to closures or not paying rent.  — Hubs in Europe and even Twitter's headquarters in Asia are shuttered.
Tim Bradshaw / Financial Times:
Andrew Romero / 9to5Google:
Allegedly official Samsung Galaxy S23 marketing images leak, showing four colors, no vertical camera bar, and more; S23 Ultra is rumored to have a 200MP camera  —  The Galaxy S23 from Samsung is set to be announced on the first day of February.  Even though that's a given …
David Shepardson / Reuters:
A look at the FAA's struggles to modernize air traffic control, such as improving safety notices to pilots and ending the use of paper strips to track aircraft  —  The breakdown of a key computer system, which resulted in the suspension of U.S. flight departures on Wednesday …
Sources: Google and Nvidia told the FTC that the Activision Blizzard deal could give Microsoft an unfair advantage in cloud, subscription, and mobile gaming  —  Alphabet Inc.'s Google and Nvidia Corp. have expressed concerns to the Federal Trade Commission about Microsoft Corp.'s acquisition …
Gavin Bonshor / AnandTech:
Intel unveils its Core i9-13900KS CPU, clocked at 6GHz out of the box, with eight performance cores, 16 efficiency cores, and a 150W TDP, available now for $699  —  Initially mentioned during their Innovation 2022 opening keynote by Intel CEO Pat Gelsinger, Intel has unveiled …
Joe Rossignol / MacRumors:
Kuo: mass shipments of second-generation AirPods Max and AirPods with a $99 price target will likely begin in the second half of 2024 or the first half of 2025  —  Mass shipments of second-generation AirPods Max and more affordable AirPods will likely begin in the second half of 2024 …
TSMC reports Q4 revenue up 26.7% YoY to $19.93B and net income up 78% YoY to ~$9.72B, beating estimates of ~$9.5B, even as the chip industry downturn continues  —  Taiwanese chipmaker TSMC (2330.TW) reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales …
Rosie Perper / CoinDesk:
Yuga Labs announces Dookey Dash, a skill-based game accessed via a free mint on January 17 for BAYC holders and played between January 18 and February 15  —  The gamified expansion of its Bored Ape Yacht Club ecosystem involves minting a free Sewer Pass to play a game called Dookey Dash.
Kenrick Cai / Forbes:
Butter Payments, which uses AI to help companies catch accidental subscription churn, raised a $21.5M Series A led by Norwest, sources say at a ~$100M valuation  —  A decade ago, Microsoft, Dropbox and Scribd were all leaking money.  They were losing millions a year to subscriptions that were being …

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