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May 11, 2022, 7:25 AM
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| Tim Copeland / The Block: |
Luna and its related UST stablecoin continue to crash; Luna drops to as low as $4.51, an 85% slide in 24 hours, while UST drops to as low as $0.27 — Quick Take — The price of Luna has dropped 82% in the last 24 hours. — Its related stablecoin UST has retreated even further from its dollar peg, falling to just $0.27.
More:
The Block, Decrypt, CoinDesk, CoinDesk, Bloomberg, CoinDesk, Ethereum World News, Fortune, Wall Street Journal, CNBC, and Bloomberg
Tweets: @stablekwon, @katie_martin_fx, @davidgerard, @stablekwon, @fintechintern, @loopifyyy, @terrabitespod, @mdudas, @laurashin, @ryansadams, @0xdisco, @rj_killmex, @terra_money, @petermccormack, @carnage4life, @adam3us, @laurashin, @gbrl_dick, @novogratz, @thestalwart, @stablekwon, @stablekwon, @eevee, @smtuffy, @alexhern, @cz_binance, @cz_binance, @bongcapital, @baekkyoumkim, @thestalwart, @lawmaster, @mayazi, @tradebutwhy, @mhonkasalo, @inversebrah, @can, @degenspartan, @twobitidiot, @speicherx, @davincij15, @glimmerycoin, @epolynya, @emilyjnicolle, @safetyth1rd, @emperorbtc, @0x_b1, @thecryptolark, @thinkingusd, @bongcapital, @trustlessstate, @xrpcryptowolf, @scooterxbt, @punk6529, @lsukernik, @beniaminmincu, @hasufl, @whalepanda, @punk6529, @altcoinpsycho, @mhonkasalo, @thecryptodog, @ksicrypto, @coinmarketcap, @gfodor, @drwasho, @loomdart, @0xmisaka, @cobie, and @tradermayne
| Paul Kiernan / Wall Street Journal: |
US Treasury Secretary Janet Yellen: passing legislation in 2022 to create a stablecoin regulatory framework “would be highly appropriate”, after UST's stumble — Treasury secretary expresses hope that Congress will pass legislation this year to create regulatory framework for stablecoins
More:
Gizmodo, The Block, Crypto Briefing, banking.senate.gov, U.Today, MarketWatch, American Banker, FXStreet, and Bitcoin News
Tweets: @tier10k, @onchainwizard, @scottmelker, @wublockchain, @dogetoshi, @boredgenius, @unusual_whales, @ohgodagirl, @asvanevik, @wsjmarkets, and @wsj
| Bloomberg: |
In an interview, Gary Gensler says crypto exchanges are “commingling” services to the detriment of customers and highlights their ties with popular stablecoins — Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules …
More:
The Block and Cryptopolitan
Tweets: @dylanleclair_, @doombergt, @macroedge1, @xrpcryptowolf, @silvermanjacob, @bitfinexed, and @smdiehl
| Olga Kharif / Bloomberg: |
BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout — Blue-chip NFT collections like Bored Ape Yacht Club, which for a while outperformed the rest of the crypto market …
Tweets: @guy_freire, @cmsholdings, @roramdin, @davidcrosss, @notabigjerk, @tiggerscrypto, @karengeier, @mattbruenig, and @frances_coppola
| Stacy-Marie Ishmael / Bloomberg: |
More:
Today in Tabs, Blog Tien So, LOL's Newsletter, Wall Street Journal, CryptoPotato, Attack of the 50 Foot …, and CoinJournal
Tweets: @stablekwon, @stablekwon, @stablekwon, @jonwu_, @cryptomanran, @sbf_ftx, @sandeepnailwal, @livercoin, @livercoin, @crypstax, and @0x_b1
| Frank Chaparro / The Block: |
More:
Bloomberg, Sam's Crypto Musings, and Crypto Daily
| Dave Lee / @daveleeft: |
[Thread] In an interview, Musk says Twitter has a “left bias”, he would “literally put” its “algorithm on GitHub”, and he thinks he would reverse Trump's ban — Twitter currently the “least bad” public square, @elonmusk says at #FTCar. “In order to be better at that it needs to get rid of the bots, the scams.” Live here: https://www.youtube.com/...
Source:
YouTube. More:
CNN, Insider, Financial Times, BGR India, TechCircle, Coinspeaker, and Financial Times
Tweets: @jack, @jack, @alexstamos, @jack, @alexstamos, @danprimack, @daveleeft, @daveleeft, @danprimack, @alexstamos, @alexstamos, @alexstamos, @alexstamos, @alexstamos, @alexstamos, @jack, @karlbode, @dfriedman33, @qwongsj, @arbiebaguios, @seike_kerbera, @michaelemann, @digiphile, @b_fung, @w_terrence, @davidlaz, @ggreenwald, @viacristiano, @donie, @daveleeft, @yashar, @ruskin147, @rmac18, @patrickmcgee_, @alexhern, @patrickmcgee_, @gregkellyusa, @grady_booch, @meyerweb, @ggreenwald, @daveleeft, and @pkafka
| MacKenzie Sigalos / CNBC: |
Coinbase Q1: $1.2B net revenue, down from $1.6B YoY, vs $1.5B est., 9.2M MTUs, up from 6.1M YoY, $309B trading volume, down from $335B YoY; stock drops 12%+ — - Coinbase reported first-quarter earnings after the bell on Tuesday. — The earnings come amid a major sell-off across the crypto market.| Politico: |
Leaked proposal: the European Union plans to release a draft law this week that requires tech companies to scan for CSAM and threatens end-to-end encryption — Brussels is bracing for one of its biggest and most emotional tech fights yet as companies face stringent new rules to clamp down on sexual abuse material.
More:
dropsafe, Bloomberg, AppleInsider, MacRumors, iMore, Access Now, Phandroid, Euractiv, and ComputerWeekly.com
Tweets: @wcathcart, @matthew_d_green, @matthew_d_green, @vmanancourt, @floorter, @wcathcart, @wcathcart, @matthew_d_green, @chrismessina, @alecmuffett, @sarahjamielewis, @evacide, @mattblaze, @matthew_d_green, @mmasnick, @mattblaze, @matthew_d_green, @mattblaze, @mattblaze, @matthew_d_green, @matthew_d_green, @matthew_d_green, @mattblaze, @riana_crypto, @evacide, and @matthew_d_green
| Aisha Malik / TechCrunch: |
Twitter announces a “Copypasta and Duplicate Content” policy to clarify how it works to combat spam and duplicative content and what constitutes a violation — Twitter announced today that it's rolling out a new “Copypasta and Duplicate Content” policy to clarify how the platform works …
More:
Twitter Help Center and Social Media Today
Tweets: @twittersafety, @bendobrown, @marklittlenews, and @thesheetztweetz
| Sami Fathi / MacRumors: |
Kuo: Apple will switch to USB-C for the iPhone 15 in the second half of 2023, improving transfer and charging speeds — Apple will ditch its proprietary Lightning port and switch to USB-C on all or possibly some models of the iPhone 15 lineup destined to launch in the second half of 2023, Apple analyst Ming-Chi Kuo said today.
Source:
@mingchikuo. More:
AppleInsider, The Verge, 9to5Mac, and iMore
Tweets: @mingchikuo, @pt, and @rauschma
| Kate Clark / The Information: |
Source: crypto analytics startup Chainalysis raises a $170M Series F led by GIC at an $8.6B valuation, up from $4.2B in June when it raised a $100M Series E — Chainalysis, a startup that sells services to detect and track crypto fraud, has raised a new round at an $8.6 billion valuation … | Dean Takahashi / VentureBeat: |
Unity Software's stock fell 22%+ amid the company's lower than expected sales forecasts for Q2 and lower revenue guidance for the next full-year — Unity's stock price fell 28% in after-hours trading after the company reported earnings that met analyst expectations but fell short on the outlook.
More:
GamesIndustry.biz and Yahoo Finance
| Ian King / Bloomberg: |
GlobalFoundries beats estimates with $1.94B in Q1 revenue, up 37% YoY, and projects $1.96B-$1.99B in Q2 revenue; stock is down 19% in 2022 amid a global selloff — GlobalFoundries Inc., the biggest U.S.-based provider of made-to-order semiconductors, posted quarterly sales and profit …
More:
GlobeNewswire News Room, SiliconANGLE, and Barron's Online
| Rest of World: |
A look at Meta's and Google's subsea cable investments in Africa, the least connected continent, as the companies seek the terrestrial links to a billion users — One sunny Thursday morning in September 2021, three men gathered at the Multimedia University of Kenya, in Nairobi, for a small ceremony.| Hannah Miller / Bloomberg: |
Moralis, which makes tools to build blockchain-based web apps, raises a $40M Series A from Coinbase Ventures and others, sources say at a $215M valuation — Despite slumping crypto prices, funding rounds for blockchain startups are still getting done. Moralis, a platform offering developer tools … | Foo Yun Chee / Reuters: |
Google signs deals with 300+ outlets in Germany, France, Hungary, Austria, the Netherlands, and Ireland to pay for news content and will roll out tools for them — Alphabet (GOOGL.O) unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries … | Jordan Novet / CNBC: |
Roblox misses with Q1 bookings of $631.2M, down 3% YoY, vs. $645M est., 54.1M average DAUs, up 28% YoY, vs. 55M est., $11.67 average bookings per DAU, down 25% — - Roblox reported fewer users in the quarter than analysts had expected, and bookings dropped from a year earlier.| David Shultz / Fast Company: |
Osmind, which provides EHR software to chart and update mental health patient information and documents, raises a $40M Series B led by DFJ Growth — As the country continues to struggle with a mental health crisis that's only been exacerbated by the pandemic, electronic health-record startup Osmind … | Amy Feldman / Forbes: |
Dusty Robotics, whose first robot FieldPrinter automates the process of printing full-size floor plans at construction sites, raises a $45M Series B — Dusty Robotics built an autonomous printer on wheels for construction sites. The company is now worth $250 million.| Devin Coldewey / TechCrunch: |
Brightseed, which develops an AI-based system called Forager to identify and categorize plant compounds for human health, raises a $68M Series B led by Temasek — Who knows what secrets await in the hearts of plants? Brightseed has found a couple of them, anyway, using an AI-based analysis method … | Brian Heater / TechCrunch: |
Apple discontinues the iPod touch, leaving the device on sale “while supplies last” and ending the product line after debuting the original iPod in October 2001 — Last October marked 20 years of the iPod. It's a remarkable run in the cutthroat, always-iterating world of consumer electronics.
More:
The Verge, Silicon Republic, ExtremeTech, Wall Street Journal, Waivly, CNET, WRAL TechWire, Ars Technica, CNN, BBC, The Register, CNBC, 500ish, MacRumors, Android Authority, and Livemint
Tweets: @tfadell, @techemails, @reisbaron, @waltmossberg, @xor, @markgurman, @fromedome, @viticci, @mkbhd, @johnvoorhees, @marcoarment, @austinnotduncan, @reneritchie, @pschiller, @sdw, @counternotions, @keyon, @mkbhd, @stevesi, @reckless, @sdw, @ifixit, @ryneismean, @marcoarment, @gruber, @gregjoz, @tfadell, @rsgnl, @rsgnl, @neilcybart, @mgsiegler, @wongmjane, @stroughtonsmith, @carnage4life, @rsgnl, @richardkerris, @pschiller, @detroitborg, @caseynewton, and @lukemiani
| Shubham Sharma / VentureBeat: |
Certn, which offers AI-driven tools to conduct background checks and risk monitoring for employees, contractors, and tenants, raises a $50M Series B — Canada-based Certn, a company that provides AI-powered background screening solutions to enterprises, today announced it has raised $50 million …
More:
Certn and Business in Vancouver
Tweets: @vantechjournal, @scribblevc, @certn, and @charlizealcaraz
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