January 16, 2023, 3:25 PM

Top News

The Block:
Pitch decks: Three Arrows Capital co-founders Su Zhu and Kyle Davies aim to raise $25M to start crypto exchange GTX in partnership with two CoinFlex co-founders  —  - Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million …
Wall Street Journal:
Sources: to win US allies, TikTok proposed a complex, $1.5B plan to reorganize its US operations, including oversight of its content-recommendation algorithms  —  Chinese-owned app proposes giving U.S. officials oversight of its algorithms  —  Two years into negotiations with U.S. regulators …
Sapna Maheshwari / New York Times:
Some US universities, including Alabama's Auburn University and the University of Oklahoma, are banning TikTok on their Wi-Fi networks, annoying some students  —  The school's prohibition brings a geopolitical fight front and center for TikTok's biggest fans: young Americans.
James Vincent / The Verge:
A trio of artists sue Stability AI, Midjourney, and DeviantArt over AI art copyright; a firm suing Microsoft, GitHub, and OpenAI over Copilot filed the lawsuit  —  A trio of artists have launched a lawsuit against Stability AI and Midjourney, creators of AI art generators Stable Diffusion and Midjourney …
Foo Yun Chee / Reuters:
Sources: the European Commission is preparing to send a statement of objections to Microsoft, regarding its $69B Activision Blizzard deal, in the coming weeks  —  Microsoft (MSFT.O) is likely to receive an EU antitrust warning about its $69 billion bid for “Call of Duty” maker Activision Blizzard …
Ezra Reguerra / Cointelegraph:
After North Korea's Lazarus Group moved ~41K ETH, worth ~$63.5M, from the Harmony bridge hack, Binance and Huobi freeze 124 BTC, worth ~$2.6M, linked to Lazarus  —  In a recent tweet, on-chain crypto detective ZachXBT said that the hackers have been moving $64 million in the last weekend.
Ride-hailing giant Didi says Chinese regulators lifted a ban on new user registrations on January 16, signaling an end to the long-running regulatory crackdown  —  China's ride hailing giant Didi Global said in a statement on Monday that it would be allowed to resume new user registration …
Qianer Liu / Financial Times:
Craig Hockenberry /
Twitterrific developer Craig Hockenberry: Twitter axing APIs for third-party apps without notice is part of the “shit show” and leaves customers in the lurch  —  Well, it happened.  —  We knew it was coming.  —  A prick pulled the plug.  And what bothers me most about it is how Space Karen did it.
Ben Jiang / South China Morning Post:
How Apple's supply chain is leaving China: moving some iPad and MacBook production to Foxconn's Vietnam plants, expanded iPhone production in India, and more  —  Four days before Christmas , while China was battening down the hatches to survive the explosion of Covid-19 infections around the country …
Shaurya Malwa / CoinDesk:
Shiba Inu developers plan to launch a beta testnet of Shibarium, an Ethereum Layer 2 network, in the coming weeks, focusing on metaverse and gaming applications  —  Ecosystem tokens shiba inu, leash and bone will serve as the the upcoming Ethereum-based blockchain.

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