July 7, 2023, 2:25 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:
Manish Singh / TechCrunch:
Jonathan Vanian / CNBC:
Tim Bradshaw / Financial Times:
Casey Newton / Platformer:
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.
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.
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:
How Tom Brady's crypto ambitions, like being an FTX “ambassador”, collided with reality, part of the humiliating reckoning facing crypto embracing celebrities  —  The superstar quarterback is among the celebrities dealing with the fallout from the crypto crash.  Others, like Taylor Swift, escaped.
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.
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.

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