Techmeme
June 5, 2023, 1:20 PM

Top News

Apple on YouTube:
Live stream of Apple's WWDC 2023 keynote  —  Join the worldwide developer community for WWDC23 on June 5 at 10 a.m. PT. Set a reminder now, and we'll send you an update before showtime.Welcome to the of...
Jacob Kastrenakes / The Verge:
Live blog of WWDC 2023, where an MR headset, a 15" MacBook Air, iOS 17, macOS 14, and more are expected  —  Apple's Worldwide Developers Conference is here, and rumors suggest a brand-new virtual reality headset will get top billing. … It's time to see Apple's plans for virtual reality.
New York Times:
The SEC sues Binance and CEO Changpeng Zhao, accusing the company of mishandling billions in customer funds, lying to regulators and investors, and more  —  The S.E.C. said the world's largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent …
More: U.S. Securities …, Bloomberg, Wall Street Journal, Binance Blog, US District Court for the District of Columbia, The Block, The Verge, CoinDesk, Metaverse Post, Associated Press, The Information, Blockworks, Engadget, NBC News, Livemint, CNBC, Crypto Daily, Financial Times, Axios, Cointelegraph, Wccftech, Coinpedia Fintech News, Metro, Wealth Management, Watcher Guru, nft now, crypto.news, Bitcoin News, Bitcoinist.com, Cryptonews, CoinJournal, CryptoPotato, Slashdot, CryptoSlate, and CoinGape
Reuters:
Bank records: from 2019 to 2020, Binance executive Guangying Chen operated five Silvergate accounts belonging to Binance's purportedly independent US affiliate  —  A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange's purportedly …
Bloomberg:
Sources: Binance's Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent  —  In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
New York Times:
Internal document: Twitter's US ad revenue from April 1 to the first week of May fell 59% YoY to $88M; sources say that performance is unlikely to improve soon  —  In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive.
Lawrence Abrams / BleepingComputer:
Microsoft attributes recent attacks on Progress' MOVEit Transfer tool to the Clop ransomware gang; incident responders: the gang can take weeks to issue demands  —  Microsoft has linked the Clop ransomware gang to recent attacks exploiting a zero-day vulnerability in the MOVEit Transfer platform to steal data from organizations.
Sahar Elhabashi / Spotify:
Spotify cuts ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into a renewed Spotify Studios, and reports 100M+ podcast listeners  —  Below is an adaptation of an internal update on Spotify's Podcast Business from Sahar Elhabashi, VP, Head of Podcast Business.
Lawrence Abrams / BleepingComputer:
Atomic Wallet investigates user reports of compromised accounts and tries to block stolen crypto from being sold; a researcher says the hack could exceed $35M+  —  The developers of Atomic Wallet are investigating reports of large-scale theft of cryptocurrency from users' wallets, with over $35 million in crypto reportedly stolen.
Jon Porter / The Verge:
To protest Reddit's API pricing for third-party apps, r/videos, r/reactiongifs, r/earthporn, and other big subreddits plan to go private on June 12 for 48 hours  —  Some of Reddit's biggest communities including r/videos, r/reactiongifs, r/earthporn, and r/lifeprotips are planning to set themselves …
Monica Chin / The Verge:

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Earlier Picks

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Cristiano Lima / Washington Post:
Will Douglas Heaven / MIT Technology Review: