January 16, 2023, 8:57 PM

Top News

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.
The Block:
3AC founders aim to raise $25M to start “GTX”, a crypto exchange with CoinFlex founders that would let people transfer in FTX claims and get credit in a token  —  - Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC) …
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.
Qianer Liu / Financial Times:
A look at Deltec, an obscure Bahamian bank that got a $50M loan from an FTX-tied entity in October 2021, and chairman Jean Chalopin, who has ties to FTX leaders  —  The loan was among several deals struck with Jean Chalopin, the head of Deltec and Moonstone banks — and co-creator of Inspector Gadget …
William Mauldin / Wall Street Journal:
Russian attacks on Ukraine's electrical grid are straining its mobile network, leading to a global hunt for equipment like batteries to keep the system online  —  Telecom operators and internet providers scour suppliers for better batteries, generators  —  Russia's attacks on Ukraine's electrical grid …
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.
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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