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May 9, 2025, 10:20 AM
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| Steven T. Dennis / Bloomberg: |
Senate Democrats block the Genius Act for stablecoins after Republicans rebuffed barring Trump and others from profiting off of crypto ventures while in office — Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump's extensive …
More: The Block, Reuters, Decrypt, The Crypto Times, Axios, Crypto in America, PYMNTS.com, Cryptopolitan, Decrypt, U.S. Senator Mark R. Warner, Ledger Insights, CNN, crypto.news, Associated Press, CoinDesk, CoinGape, The Hill, and New York Times
X: @secscottbessent, @jchervinsky, @senlummis, @senatorhagerty, @intangiblecoins, @johnedeaton1, @molly0xfff, @molly0xfff, @molly0xfff, @senatorricketts, @gillibrandny, @novogratz, @senategop, @rubengallego, @bankinggop, @cschlauf, @senategop, @chrispavlovski, @bohines47, @sawyerhackett, @molly0xfff, @senatorhagerty, @cdixon, @pmarca, @senatorslotkin, @senthomtillis, @bankinggop, @leaderjohnthune, and @maxpcohen. LinkedIn: Todd H Baker. Forums: r/Buttcoin
| David K. Li / NBC News: |
A US judged sentenced an Arizona man to the maximum 10.5 years in prison after his deceased victim gave the court an impact statement via an AI-generated video — The defendant got the maximum of 10½ years for the 2021 murder. His attorney called the presentation “inflammatory,” providing grounds for appeal.
More: NPR, 404 Media, CNN, Fast Company, DNyuz, Mashable, PetaPixel, Dexerto, Reason, Associated Press, The Present Age, and Pivot to AI
Bluesky: @roseveleth.com. LinkedIn: Margaret Mitchell, Atay Kozlovski, Clara Lin Hawking, Dr. Lisa Palmer, and Ryan McDonough
Forums: r/ThatsInsane and r/crime
| Chris Dolmetsch / Bloomberg: |
A US judge sentences Celsius founder and former CEO Alex Mashinsky to 12 years in prison, after he pleaded guilty to commodities fraud and misleading investors — Whoop Launches Slimmer Fitness Bands With Blood Pressure, ECG Features — Review: The Whoop 5.0 and MG — short for medical grade …
More: Finextra, CNBC, Wired, Silicon UK, Decrypt, Benzinga, Cryptopolitan, Tech in Asia, Reuters, Coinpedia Fintech News, NewsBTC, Financial Times, NBC News, CryptoSlate, Engadget, Wall Street Journal, Fortune, The Crypto Times, Watcher Guru, DL News, Cointelegraph, CoinGape, CoinDesk, The Block, The Verge, and Protos
Bluesky: @quinnypig.com. X: @jojocryo, @scrubings, @cryptohunter0x, @molly0xfff, @masinvestpedia, and @tomasgreif
| MacKenzie Sigalos / CNBC: |
Affirm reports Q3 revenue up 36% YoY to $783M, vs. $783M est., GMV up 36% YoY to $8.6B, above $8.2B est., and forecasts Q4 revenue below est.; AFRM drops 5%+ — WATCH NOW — Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter …
More: Affirm, The Paypers, PYMNTS.com, Yahoo Finance, Associated Press, and Benzinga
| Karissa Bell / Engadget: |
Meta brings its Account Status feature to Threads, letting users see when the company has removed or demoted their posts or handed out other account penalties — Threads will finally start giving users more visibility into when their accounts are penalized for breaking its rules.
More: WinBuzzer, The Verge, WebProNews, BetaNews, Gadgets 360, and Social Media Today
Threads: @karissabe, @jackteachesfinance, and @tinahsnewsfeed1
| Sarah Perez / TechCrunch: |
More: Facebook, WebProNews, Music Ally, BetaNews, Android Headlines, Tech in Asia, Neowin, Social Media Today, Tubefilter, Engadget, TVNewsCheck, MediaPost, Adweek, and Deadline
| Mark Gurman / Bloomberg: |
Sources: Apple aims to have TSMC mass produce a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027 — The company has made progress on the chip that it's developing for smart glasses, according to people with knowledge of the matter.
More: The Verge, Computerworld, TechCrunch, PCMag, Engadget, AppleInsider, 9to5Mac, Forbes, TechRadar, Silicon UK, BGR, MacRumors, Reuters, Business Today, O'Grady's PowerPage, Tom's Guide, Digit, AI News, Cointelegraph, TrendForce News, Gadgets 360, Mashable, Verdict, Analytics India Magazine, Livemint, Tech in Asia, MIXED Reality News, UploadVR, iPhone in Canada Blog, iDownloadBlog.com, iThinkDifferent, Patently Apple, Android Headlines, Digital Trends, Cult of Mac, iClarified, PhoneArena, Thurrott, and MacDailyNews
X: @ericjhonsa, @benbajarin, @anshelsag, @sadlyitsbradley, @sadlyitsbradley, @vadimyuryev, @cherthedev, and @markgurman. LinkedIn: LinkedIn
Forums: Hacker News, r/augmentedreality, r/apple, Slashdot, and MacRumors Forums
| Sarah Perez / TechCrunch: |
Appfigures estimates Apple made $10.1B in revenue from US App Store commissions in 2024, up from $4.8B in 2020, $6.7B in 2021, $7.4B in 2022, and $8.8B in 2023 — Over $10 billion — that's how much revenue Apple's U.S. App Store raked in last year, according to a new analysis by app intelligence provider Appfigures.
More: PCMag, Tech in Asia, The Verge, and Bloomberg
| Jonathan Vanian / CNBC: |
Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% YoY to 570M, and forecasts Q2 revenue above estimates; PINS jumps 10%+ — Pinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance.
More: Motley Fool, Yahoo Finance, Pinterest, RTÉ, Social Media Today, PYMNTS.com, The Information, Investor's Business Daily, and Benzinga. Forums: r/wallstreetbets
| Akash Sriram / Reuters: |
Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 15%+ — Lyft (LYFT.O) increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday …
More: CNBC, Reuters, Lyft, CNBC, SiliconANGLE, MarketWatch, and The Information
| Reinhardt Krause / Investor's Business Daily: |
Cloudflare reports Q1 revenue up 27% YoY to $479.1M, vs. $469.3M est., and forecasts Q2 revenue of $500M to $501M, vs. $500.4M est.; NET jumps 8%+ after hours — Cloudflare (NET) stock climbed Friday after the company reported first-quarter earnings that met views while revenue topped Wall Street targets.| Fortune: |
Sources: Meta is talking to crypto firms about introducing stablecoins for managing payouts, and in January 2025 hired a VP of product with crypto experience — Mark Zuckerberg, CEO of Meta, speaks at a conference in September. — In 2019, Meta announced an audacious project …
More: Coinpaper, Stripe, Gadgets 360, Nairametrics, BeInCrypto, crypto.news, Bitcoinist.com, CoinGape, FinanceFeeds, Blockhead, The Block, Raw Story, CryptoSlate, Cryptopolitan, Cointelegraph, WinBuzzer, Crypto Briefing, CoinDesk, The Crypto Times, Blockworks, and Decrypt
Bluesky: @csfrayer. X: @timccopeland, @joc_ra, @ryansadams, @hawleymo, @moo9000, @howdymerry, @andymstone, @homeless_72, @chuk_xyz, @matthewstoller, @jeffjohnroberts, @zerohedge, @lexnfx, and @bdanweiss
| Paige Smith / Bloomberg: |
Memo: the US CFPB discontinues its order designating the supervision of Google Payment, saying the Biden-era decision is “an unwarranted use” of its powers — The supervision of Google Payment would be “an unwarranted use of the Bureau's powers and resources,” … | Michael Nuñez / VentureBeat: |
Alibaba researchers detail ZeroSearch, a technique allowing LLMs to develop advanced search capabilities via simulation, claiming it cuts costs by up to 88% — Researchers at Alibaba Group have developed a novel approach that could dramatically reduce the cost and complexity of training AI systems … | Helene Braun / CoinDesk: |
Coinbase Q1: revenue up 23% YoY to $2B, vs. $2.1B est., net income down 94% YoY to $66M, trading volume up 26% YoY to $393B, and $0.24 EPS, vs. $1.93 est. — Shares of Coinbase (COIN) fell nearly 3% in post-market trading after it reported a significant drop in revenue in the first quarter of the year …
More: Coinbase, CoinGape, CNBC, Cointelegraph, SiliconANGLE, CryptoSlate, Benzinga, Yahoo Finance, Decrypt, CNBC, The Block, Bloomberg, Reuters, and Wall Street Journal. X: @coinbase
| Scharon Harding / Ars Technica: |
Broadcom is sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, to push them to buy VMware product bundles — Broadcom has been sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, Ars Technica has confirmed.
More: Network World, Comparitech, TechSpot, Channel Futures, WebProNews, and TechRadar
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