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November 9, 2022, 2:50 AM
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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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Semafor, CoinDesk, New York Times, coinbase.com, Bloomberg, CoinDesk, Financial Times, Ed Zitron's Where's Your Ed At, Decrypt, The Block, Wall Street Journal, CNBC, Forbes, The Economic Times, Coinpedia Fintech News, TrackRecord Daily, The Crypto Library …, Crypto Adventure, Inside Bitcoins, Forkast, CoinGape, Cryptonews, Fintech Wrap Up, Cointelegraph, TechCrunch, Watcher Guru, Neowin, The Information, Mashable, CryptoSlate, Blockworks, Bitcoin News, CryptoGlobe, and Tech in Asia
Tweets: @sbf_ftx, @cz_binance, @shaanvp, @cz_binance, @sbf_ftx, @wassielawyer, @ericnewcomer, @sbf_ftx, @thestalwart, @sbf_ftx, @lizrhoffman, @fintwit_news, @danprimack, @arthur_0x, @sbf_ftx, @robinwigg, @ftx_official, @chrisfralic, @hsakatrades, @danprimack, @sbf_ftx, @lizrhoffman, @tuurdemeester, @robinwigg, @carnage4life, @hodlkryptonite, @cryptohayes, @lizrhoffman, @algodtrading, @spreekaway, @marketsmeowmeow, @hodlkryptonite, @cobie, @cobie, @patrickmcgee_, @tier10k, @autismcapital, @evan_lorenz, @stackhodler, @elliotrades, @asvanevik, @cryptoharry_, @bondhack, @coffeebreak_yt, @odell, @lex_node, @stoolpresidente, @matthewstoller, @bongcapital, @biancoresearch, @arpitrage, @matthewstoller, @peter_tl, @fintechfrank, @byzgeneral, @paul_griffiths, @shaanvp, @buccocapital, @cobie, @tomgara, @tracyalloway, @iamdcinvestor, @cryptodonalt, @tensaicapital, @cz_binance, @nope_its_lily, @219_eth, @jaypinho, @thinkingusd, @alistairmilne, @tylercowen, @claritytoast, @johnedeaton1, @lessin, @crypto_bitlord7, @nkulw, @mayazi, @adamscochran, @pitdesi, @erickschonfeld, @cz_binance, @ericnewcomer, @fiskantes, @jvillalobos, @abetrade, @dogetoshi, @zerohedge, @to, @aeyakovenko, @silvermanjacob, @thestalwart, @lhm1, @evgenygaevoy, @0xopaque, @ericnewcomer, @hsakatrades, @dylanleclair_, @buccocapital, @saylor, @haralabob, @canteringclark, @elliotrades, @croesus_btc, @cryptocapo_, @autismcapital, @kadhim, @hodlkryptonite, @alexhern, @marionawfal, @mike_taylor1972, @epro, @felixsalmon, @benedictevans, @bondhack, @mrjasonchoi, @ben_mckenzie, @nouriel, @technology, @wassielawyer, and @tracyalloway
| Tanaya Macheel / CNBC: |
Coin Metrics: on November 8, bitcoin fell 12.6% to $18,203 and briefly hit $17,300.80, its lowest level since November 2020; ether dropped 18.2% to $1,311.50 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
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Bloomberg, CoinDesk, Cointelegraph, Forkast, and Decrypt
| 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 …
More:
CNBC, Malt Liquidity, and CoinDesk
| 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
More:
The Information, Bloomberg, BBC, CryptoSlate, Financial Times, Cointelegraph, Fortune, xuanling11's Free Newsletter, Wccftech, NewsBTC, CoinGape, Watcher Guru, Blockworks, and The Block
Tweets: @lucasnuzzi and @silvermanjacob
| Matt Levine / Bloomberg: |
Questions about FTX's “liquidity crunch” and Binance's offer to buy the smaller exchange, likely for a fraction of its valuation of tens of billions of dollars — CZ vs. SBF — I kind of can't believe this worked? Here are Bloomberg's Philip Lagerkranser and Joanna Ossinger this morning:| Sam Reynolds / CoinDesk: |
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Bloomberg, BitDAO, Reuters, The Block, TheStreet, Politico, and NBC News
Tweets: @cz_binance, @benbybit, @starokg, @carolinecapital, @cryptomanran, @vetlelunde, @alex_valaitis, @lookonchain, @sbf_ftx, @milesdeutscher, @claritytoast, @wublockchain, @cz_binance, @dogetoshi, @asvanevik, @sheldon_sniper, @wublockchain, @alex, @clara_medalie, @runnerxbt, @thestalwart, and @asemota
| 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, Techdirt, Mashable, Associated Press, MediaNama, IGN, Neowin, New York Post, Android Central, CNET, iPhone in Canada Blog, Digital Trends, Mercury News, The Guardian, BGR India, Comic Book, and CNN
Tweets: @esthercrawford, @esthercrawford, @esthercrawford, @yoyoel, @nickstatt, @caseynewton, @carnage4life, @ct_bergstrom, @asharangappa_, @tcarmody, @kristoforlawson, @moorehn, @parkermolloy, @docdre, @mistresssnowphd, @0kbps, @zoeschiffer, @dcseifert, @reckless, @ow, @stevebartlettsc, @acedtect, @ozkaterji, @hunterwalk, @oalexanderdk, @mmasnick, @taylorlorenz, @beijingpalmer, @epro, @dcseifert, @mshannahmurphy, @thejournalista, @can, and @robleathern
| Wall Street Journal: |
Sources: Mark Zuckerberg told Meta staff that layoffs begin on November 9, he is accountable for missteps, and his overoptimism about growth led to overstaffing — Meta Platforms Inc. will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday.
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Insider, Financial Times, Reuters, SiliconANGLE, Silicon Valley Business …, Neowin, PYMNTS.com, The Guardian, and CNN
| 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 …
More:
Mysk on YouTube and The Mac Observer
| Lauren Forristal / TechCrunch: |
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix's 223.1M in its 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 … | Stephanie Bodoni / Bloomberg: |
The European Commission opens an in-depth investigation into Microsoft's proposed $69B Activision Blizzard acquisition and sets a March 23 decision deadline — Microsoft Corp.'s proposed $69 billion takeover of games developer Activision Blizzard Inc. faces an in-depth European Union probe …
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European Commission, Washington Post, MSPoweruser, IGN, BigTechWire, SlashGear, CNN, The Jacob Wolf Report, and Android Headlines
Tweets: @tomwarren, @charlieintel, and @charlieintel
| 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 glance| Takashi Mochizuki / Bloomberg: |
More:
GoNintendo, Nintendo Investor Relations, and Luke Miani on YouTube
Tweets: @6d6f636869, @6d6f636869, and @6d6f636869
| Lawrence Abrams / BleepingComputer: |
Microsoft releases 68 security fixes, including patches for six actively exploited Windows zero-day flaws and 11 vulnerabilities classified as Critical — Today is Microsoft's November 2022 Patch Tuesday, and with it comes fixes for six actively exploited Windows vulnerabilities and a total of 68 flaws.| Umar Shakir / The Verge: |
Zoom releases Mail and Calendar clients in beta as part of its Zoom One interface, announces an AI-powered Zoom Virtual Agent chatbot coming in 2023, and more — Available as a beta release, the Outlook-like Mail and Calendar will slot neatly into the company's new unified Zoom …
More:
Zoom Blog, Zoom Blog, PCWorld, BGR, BigTechWire, and SiliconANGLE
Tweets: @zoom, @newsynick, and @zoom
| Jon Keegan / The Markup: |
A look at data brokers selling “comprehensive” profiles of potential voters to campaigns, including phone geolocation data gleaned from real-time auctions — Before you got in line on Election Day, the emerging and largely unregulated political tracking industry was able to trace your movements| Ingrid Lunden / TechCrunch: |
NYC-based Laika, which offers companies an automated security compliance service, raised a $50M Series C led by Fin Capital, bringing its total funding to $98M — Compliance with privacy and security frameworks like SOC 2, HIPAA and GDPR has become a central component not just of how …
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FinSMEs
| Zoya Mateen / BBC: |
A profile of a16z's Sriram Krishnan, a former Twitter executive who left in 2021 and is helping Elon Musk run Twitter, reportedly as part of his “inner circle” — Twitter's new owner Elon Musk has whipped up a storm after he sacked thousands of employees last week.| Bloomberg: |
Sources: UMG, Sony, and Warner have been negotiating with ByteDance for a share of TikTok ad revenue and increased royalties before their contracts expire — TikTok has attracted more than 1 billion users with videos set to music. Now the world's largest record labels want the social media app to pay more for those songs.Sponsor Posts
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