June 7, 2023, 9:55 AM

Top News

Matt Levine / Bloomberg:
A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal  —  SEC v. Crypto  —  “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …
Robert Armstrong / Financial Times:
Crypto is dangerous nonsense and should be regulated like smoking, gambling, or pyramid schemes, not granted the dignity of regulation under US securities law  —  But not for the reasons the exchanges think  —  This article is an on-site version of our Unhedged newsletter.
Filipe Espósito / 9to5Mac:
Apple releases a Game Porting Toolkit based on open-source platform Wine to translate DirectX 12 into Metal 3, a potentially massive step for Mac gaming  —  One of the new features in macOS Sonoma is Game Mode, which Apple claims improves gaming performance on Apple Silicon Macs.
Michael Potuck / 9to5Mac:
Apple makes iOS 17, iPadOS 17, watchOS 10, and macOS Sonoma developer betas free for anyone with an Apple ID, not just users with $99/year developer accounts  —  For years, access to the iOS developer beta and other developer builds has only been available through a $99/year developer account.
XDA Developers:
Nikhilesh De / CoinDesk:
Court filing: the SEC asked a DC court to grant a temporary restraining order that would freeze assets tied to Binance.US' holding and operating companies  —  The filing comes a day after the SEC sued Binance.  —  The U.S. Securities and Exchange Commission (SEC) asked a court to grant …
Wall Street Journal:
Investigations: Instagram helps connect and promote a vast network of accounts openly devoted to underage sex content; Meta plans to increase its controls  —  The Meta unit's systems for fostering communities have guided users to child-sex content; company says it is improving internal controls
Casey Newton / Platformer:
How Twitter, YouTube, and Meta gave up on removing lies about the 2020 US Presidential elections, having briefly banded together to do the right thing  —  For a time, they fought the good fight — but not any more  —  I.  —  On tech platforms these days you can get away with just about anything …
Alyssa Mercante / Kotaku:
A look at Twitch's new ad rules covering branded content, a crucial source of income for creators; after an outcry, Twitch says the update was “overly broad”  —  'The top 100 streamers on Twitch just got told they're not allowed to make 80 percent of their revenue the way they're used to making it.'
Joe Tidy / BBC:
The Clop ransomware group tells the BBC, British Airways, Boots, and others to email them or data stolen via the MOVEit hack will be released on June 14  —  A prolific cyber crime gang thought to be based in Russia has issued an ultimatum to victims of a hack that has hit organisations around the world.
Jeffrey Dastin / Reuters:
The Verge:
Apple acquires Los Angeles-based Mira, which makes AR headsets for companies and the US military; the startup had raised ~$17M and was once advised by Jony Ive  —  Apple has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the US military …
Javier Espinoza / Financial Times:
Sources: the EU is considering a mandatory ban on using equipment from Huawei and other companies that are deemed to present a security risk in 5G networks  —  Brussels concerned lack of action by member states to bar high-risk companies threatens security of entire bloc
Financial Times:
Nigeria-based Tingo, which offers mobiles and credit to farmers, fell ~80% after Hindenburg alleged the Nasdaq-listed fintech is an “exceptionally obvious scam”  —  Report alleges that Nasdaq listed company is an ‘exceptionally obvious scam’  —  Shares in Tingo Group more than halved …
Cecilia Kang / New York Times:
Sources: OpenAI CEO Sam Altman has met with over 100 members of Congress, alongside VP Harris and cabinet members, to discuss AI regulation in recent months  —  The chief executive of OpenAI, which makes ChatGPT, has met with at least 100 U.S. lawmakers in recent months.  He has also taken his show abroad.
More: Bloomberg
Maghan McDowell / Vogue Business:
Louis Vuitton announces “Treasure Trunk” NFTs costing €39K each and granting access to future products and experiences, in a hard pivot from an NFT-based game  —  The collection of phygital “Treasure Trunks” marks the first time that the luxury brand will sell NFTs …
Jess Weatherbed / The Verge:
1Password launches a passkey public beta for Chrome, Edge, Safari, Firefox, and Brave but not its mobile apps, after announcing passkey support in November 2022  —  After several months of teasing, password manager 1Password has now launched its public beta for passkeys …

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More News

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Earlier Picks

Sabrina Ortiz / ZDNet:
Marc Andreessen / Andreessen Horowitz:
Mark Gurman / Bloomberg:
Matthew Panzarino / TechCrunch:
Kanishka Singh / Reuters: