August 15, 2023, 9:25 AM

Top News

Wall Street Journal:
Amazon Devices & Services SVP David Limp, who oversees Alexa, Echo, and other products, plans to leave the company later in 2023; a successor hasn't been named  —  David Limp's retirement will be latest departure from e-commerce giant's leadership under CEO Andy Jassy
Timmy Shen / The Block:
Filing: BAM Trading, which runs Binance.US, seeks a protective order against the SEC due to “conducting a fishing expedition”; the SEC seeks four depositions  —  - BAM Trading, the company behind Binance.US, filed a motion on Monday to seek a protective order against the SEC.
Jay Peters / The Verge:
Netflix begins a “limited beta test” of its cloud-streamed games on the web, TVs, and streaming devices from Roku, LG, Amazon, and more, in Canada and the UK  —  Netflix is kicking off the first public tests of its cloud-streamed games. … In a blog post, Netflix VP …
Financial Times:
Sources: Saudi Arabia bought 3,000+ Nvidia H100 GPUs and the UAE purchased thousands of Nvidia GPUs; Nvidia expects to ship ~550K of H100 GPUs globally in 2023  —  Gulf nations acquire thousands of GPUs amid global shortage of semiconductors needed to build large language models
Luc Cohen / Reuters:
In an amended indictment, the US DOJ alleges SBF used money he stole from FTX customers to make $100M+ in political campaign donations before the 2022 midterms  —  Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million …
Timmy Shen / The Block:
Crypto custody service Prime Trust and some of its affiliates file for Chapter 11 bankruptcy, listing liabilities of $100M to $500M and assets of $50M to $100M  —  - Prime Trust and some of its affiliates have filed for Chapter 11 bankruptcy protection, the company said today.
Sara Fischer / Axios:
Email: X no longer lets advertisers promote their accounts within the platform's timeline to gain followers; a source says such ads generate $100M annually  —  X, the company formerly known as Twitter, will no longer allow advertisers to promote their accounts within the platform's timeline …
Sarah Wynn / The Block:
Coinbase launches the Stand with Crypto Alliance, a US advocacy organization meant to mobilize the crypto community before Congress votes on key legislation  —  - Coinbase launched the “Stand with Crypto Alliance” on Monday, which it says is “crypto's first true grassroots movement that will be organized onchain.”
Greg Stohr / Bloomberg:
Filing: the Biden administration urges SCOTUS to review key parts of Florida's and Texas' laws meant to restrict how social media companies can moderate content  —  - Biden administration urges review of laws in Texas, Florida  — Filing largely backs social media challenges to state laws

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Frank Chaparro / The Block:
Haleluya Hadero / Associated Press:
Ashley Capoot / CNBC:
Jesse Levine / Bloomberg: