July 7, 2023, 9:25 AM

Top News

Max Tani / Semafor:
Twitter threatens to sue Meta over Threads, saying Meta “engaged in systematic, willful, and unlawful misappropriation of Twitter's trade secrets” and other IP  —  Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform …
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Taylor Hatmaker / TechCrunch:
Jonathan Vanian / CNBC:
More: The i Paper, Wired, Washington Post, Dexerto, BetaNews, NBC News, Bloomberg, TechCrunch, Forbes, Coinpedia Fintech News, Coinmonks, The Verge, Memeburn, NBC 7 San Diego, Pocket-lint, Guinness World Records, Business Post, Barron's Online, TweakTown, The Guardian, The Guardian, Neowin, New York Times, Reuters, Laptop Mag, SlashGear, Mashable, Livemint, Associated Press, The Information, BizTech News, Marketing Dive, Phandroid, PCMag, The Register,, CNN, Chennai Print, TechCrunch, Wall Street Journal, Supercharged, 9to5Mac, Daring Fireball, Slate, The Verge, and MacRumors
Manish Singh / TechCrunch:
Nathan Crooks / The Block:
Report: Binance GC Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie are leaving Binance over CZ's response to the DOJ's probe  —  - Top executives at Binance resigned this week over CEO Changpeng Zhao's handling of regulatory investigations into the company, Fortune reported, citing sources.
Takashi Mochizuki / Bloomberg:
Sega co-COO Shuji Utsumi says the company is withholding its biggest games from third-party blockchain gaming projects and is shelving its own blockchain games  —  Sega Corp., the gaming studio once regarded among the staunchest advocates of blockchain gaming, is pulling back from an arena devastated …
New York Times:
Sources: the FBI searched Kraken co-founder Jesse Powell's home in March 2023, as part of US prosecutors' probe into claims he hacked a nonprofit he founded  —  Federal agents were investigating Jesse Powell, the founder of the crypto exchange Kraken, over claims that he hacked and cyber-stalked a nonprofit arts group.
Mark Gurman / Bloomberg:
Sources: Apple plans an appointment-only retail launch of the Vision Pro in the US in early 2024, starting with stores in NYC, LA, and other major cities  —  Apple Inc. is planning a retail launch of its Vision Pro headset with appointments and in-store promotion in select US markets early next year …
Shaurya Malwa / CoinDesk:
Crypto bridging protocol Multichain confirms a $130M exploit affecting user-supplied tokens and recommends “all users suspend the use of Multichain services”  —  “It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain," developers said early Friday.
Kyle Wiggers / TechCrunch:
OpenAI releases its GPT-4 API in general availability, giving all paying developers access and planning to give new developers access by the end of July 2023  —  OpenAI today announced the general availability of GPT-4, its latest text-generating model, through its paid API.
New York Times:
Uber, DoorDash, and Grubhub sue NYC, seeking to block new minimum pay standards that increased the hourly wage for gig workers to ~$18 and $20 by 2025  —  Uber, DoorDash and Grubhub argued that the city used poor data to calculate how much food delivery workers should earn and that the change would hurt consumers.
Aisha Malik / TechCrunch:
TikTok launches its subscription-only standalone music streaming service TikTok Music in Indonesia and Brazil, featuring UMG's, WMG's, and Sony Music's catalogs  —  TikTok has already dominated the short-video and social media market, and is now looking to take on Spotify and Apple Music with its latest offering.
Kara Carlson / Austin American-Statesman:
Volkswagen plans to start its first US tests of autonomous driving in Austin, beginning with a small fleet of ID. Buzz EVs equipped with VW and Mobileye tech  —  Even more driverless vehicles will be tooling around Austin, as Volkswagen joins the ranks of companies that have tested their autonomous vehicle technology in Austin.

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Kyle Wiggers / TechCrunch:
Wayne Ma / The Information: