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November 9, 2022, 8:00 AM
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Mediagazer
memeorandum
WeSmirchTop News
| Changpeng Zhao / @cz_binance: |
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence — This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
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The Block, coinbase.com, Semafor, Bloomberg, New York Times, Slate, Metaverse Post, BitDAO, CoinDesk, BBC, CryptoGlobe, Coinspeaker, Ed Zitron's Where's Your Ed At, Blockonomi, Decrypt, Forkast, Silicon Canals, Wall Street Journal, CryptoSlate, Waivly, Watcher Guru, The Block, Forbes, CNBC, VentureBeat, Reuters, and Cointelegraph
Tweets: @sbf_ftx, @cz_binance, @cz_binance, @benbybit, @shaanvp, @sbf_ftx, @ericnewcomer, @sbf_ftx, @wassielawyer, @zhusu, @sbf_ftx, @thestalwart, @sbf_ftx, @fintwit_news, @lizrhoffman, @danprimack, @arthur_0x, @sbf_ftx, @lizrhoffman, @vetlelunde, @cobie, @firstadopter, @dogetoshi, @tier10k, @cryptomanran, @lookonchain, @alex_valaitis, @chrisfralic, @robinwigg, @ftx_official, @hsakatrades, @nic__carter, @danprimack, @scopeprotocol, @hsakatrades, @robinwigg, @punk9059, @disruptepreneur, @nathanbenaich, @tuurdemeester, @tree_of_alpha, @houseaggop, @0xngmi, @cobie, @freddieraynolds, @fintechfrank, @arthurb, @punk6529, @ethereumjames, @hodlkryptonite, @dogetoshi, @dystopiabreaker, @carnage4life, @milesdeutscher, @inversebrah, @inversebrah, @tree_of_alpha, @cryptohayes, @aridavidpaul, @algodtrading, @claritytoast, @cobie, @lizrhoffman, @hodlkryptonite, @spreekaway, @wublockchain, @marketsmeowmeow, @dylanleclair_, @patrickmcgee_, @cobie, @autismcapital, @tier10k, @julianhosp, @coffeebreak_yt, @tuurdemeester, and @mdudas
| Angus Berwick / Reuters: |
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw ~$6B of net withdrawals in 72 hours — Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message …
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The Block, Tech in Asia, Bitcoinist.com, Numlock News, TheStreet, CoinDesk, and The Block
| Shaurya Malwa / CoinDesk: |
In the wake of FTX's dramatic fall, Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, and OKX pledge to release their Merkle tree reserve certificates — Over seven crypto exchanges will publish proof of their reserve holdings in the next month. — Crypto exchanges are now scrambling …
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The Block, The Block, Protos, Nikkei Asia, Bitcoinist.com, Forkast, The Economic Times, and Watcher Guru
| Tom Maloney / Bloomberg: |
Sam Bankman-Fried's estimated $15.6B fortune has been eviscerated in days by the demise of FTX and Alameda, dropping to ~$1B, the largest one-day collapse ever — Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
More:
CryptoSlate, Financial Times, Watcher Guru, Tech in Asia, CoinDesk, Micky, Fortune, CoinDesk, Cryptonews, and The Merkle News
Tweets: @miyuki__eto, @fxhedgers, @evgenygaevoy, @219_eth, @caprioleio, @aseitzwald, @haniehjbarnes, @yair_rosenberg, @coreypein, and @bullreturns
| Daniel Kuhn / CoinDesk: |
How Binance exacerbated a bank run on FTX before offering to acquire the company, and why the potential deal represents a meteoric fall for Sam Bankman-Fried — Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown. — By Daniel KuhnLayer 2
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The Information, Blockworks, CoinDesk, CoinGeek, Noob Botter Newsletter, and Watcher Guru
Tweets: @lucasnuzzi, @boazweinstein, @smtuffy, @milesdeutscher, @jeuasommenulle, and @coindesk
| Matt Levine / Bloomberg: |
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Insider, TechCrunch, and Blockchain News
Tweets: @yassineark, @skatensurf_, @bennetttomlin, @pentosh1, @davidsacks, @matt_levine, and @tanvi_ratna
| Helen Partz / Cointelegraph: |
| Meta: |
Mark Zuckerberg says Meta plans to lay off 13% of its staff, or 11,000+ employees, and will cut discretionary spending and extend its hiring freeze through Q1 — Mark Zuckerberg just shared the following with Meta employees: — Today I'm sharing some of the most difficult changes we've made in Meta's history.
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New York Times, BBC, CNN, CoinDesk, The Guardian, The Verge, Insider, ZDNet, Game Developer, AppleInsider, Reuters, The Economic Times, The Hill, Australian Financial Review, Washington Post, The Block, The Information, Protocol, NPR, The Sun, Silicon Republic, Tech Monitor, Engadget, TechCrunch, Wall Street Journal, Moneycontrol, CNBC, USA Today, Insider, Wall Street Journal, Wall Street Journal, Financial Times, Variety, Associated Press, Deadline, NBC News, BuzzFeed News, TIME, Coinspeaker, Tech in Asia, Axios, Bitcoinist.com, Inc42 Media, Music Ally, Bloomberg, iMore, Growth Curve, The Guardian, The Hollywood Reporter, That's so Meta, Silicon Valley Business …, and SiliconANGLE
Tweets: @sarthakgh, @gergelyorosz, @robtornoe, @robtornoe, @grogsgamut, @thetranscript_, @newley, @sarthakgh, @cokedupoptions, @sarafischer, @cristinacriddle, @alexbarinka, @kantrowitz, @sarafischer, @jamesrbuk, @oliviasolon, @oliviasolon, @rmac18, @robforbesdj, @gavreilly, @esrad, @imbadatlife, @sarafischer, @rmac18, @jesskellynt, @bobbyallyn, @atrios, @rmac18, @jeffhorwitz, @gergelyorosz, @gergelyorosz, @jeffhorwitz, and @gergelyorosz
| Tanaya Macheel / CNBC: |
Solana crashes 30%+ to ~$18; bitcoin falls 10%+ to <$18,000 and briefly hit $17,300 on November 8, its lowest since November 2020; ether drops 15% to ~$1,250 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
More:
The Block, The Block, CoinDesk, NewsBTC, CoinDesk, Forkast, and Bloomberg
Tweets: @cz_binance, @cz_binance, @jerallaire, @riddle245, @wublockchain, @clara_medalie, @cobie, @timccopeland, @timccopeland, @icebergy_, @macnbtc, and @midasthefool
| Divya Balji / Bloomberg: |
Coinbase's stock closed down 10.78% and Robinhood Markets closed down 19.04% as the Binance-FTX deal spotlights the challenges facing the crypto industry — Robinhood Markets Inc. tumbled by the most in more than a year after Binance Holdings Ltd. agreed to acquire Sam Bankman-Fried's … | Jay Peters / The Verge: |
Twitter plans to label select accounts “Official” when the new Blue launches; not all previously verified accounts will get the label, which won't be for sale — Twitter is rolling out another type of check mark to help distinguish accounts that users actually need to know are real.
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The Verge, MacRumors, PCMag, Silicon Republic, Insider, Associated Press, Digit, Android Headlines, Music Ally, Digital Trends, and Mercury News
| Thomas Germain / Gizmodo: |
Research suggests Apple collects data about iPhone usage even when the iPhone Analytics setting to “disable the sharing of Device Analytics altogether” is off — For all of Apple's talk about how private your iPhone is, the company vacuums up a lot of data about you. iPhones … | Wall Street Journal: |
Sources: TSMC plans to announce a second chipmaking factory north of Phoenix, Arizona, in the coming months, investing roughly $12B and aiming to make 3nm chips — New facility would produce cutting edge 3-nanometer semiconductors — Taiwan Semiconductor Manufacturing Co. …
More:
9to5Mac, MacRumors, AppleInsider, Appuals.com, and Bloomberg
| Lauren Forristal / TechCrunch: |
Disney hit 235.7M global streaming subscribers in Q4, above Netflix's 223.1M in Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M — Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers … | Financial Times: |
Sources: TikTok cut its 2022 revenue target from $12B-$14.5B to ~$10B in September, as some staff complain of overspending on salaries, social events, and more — Fast-growing social platform cuts ambitious goals by 20% as some staff complain of lavish spending
More:
Bloomberg, The Information, Music Ally, and Tech in Asia
Tweets: @cristinacriddle, @trengriffin, and @marktluszcz
| Rebecca Elliott / Wall Street Journal: |
Filings: after taking over Twitter, Elon Musk sold 19.5M Tesla shares, worth almost $4B, between November 4-8; Musk retains a roughly 14% stake in Tesla — The sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August
More:
Bloomberg, BBC, CNBC, The Guardian, Bloomberg, Axios, Coinspeaker, Bitcoinist.com, Reuters, TIME, Watcher Guru, The Information, and The Verge
Tweets: @carlquintanilla, @carlquintanilla, and @emilygorcenski
| Nilay Patel / The Verge: |
An interview with CEO Dylan Field on scaling Figma, selling the company to Adobe, retaining autonomy, WebGL, making VR Figma for the metaverse, AGI, and more — We also talk about AI and VR — but we know why you're here. … Dylan Field is the co-founder and CEO of Figma …
Tweets: @entirelyamelia, @gte, and @johnolilly
| James Batchelor / GamesIndustry.biz: |
Nintendo announces Nintendo Systems, a joint venture with DeNA, which co-developed Nintendo games for mobile like Super Mario Run, set to open in April 2023 — New subsidiary will open in April 2023, focusing on research and development to improve Nintendo's digital business — At a glanceSponsor Posts
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