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November 9, 2022, 5:40 PM
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memeorandum
WeSmirchTop News
| Wall Street Journal: |
Binance walks away from the FTX deal after reviewing FTX's finances; sources: SBF seeks funding to cover a shortfall of up to $8B due to withdrawal requests — Crypto exchange's decision comes as it conducts due diligence on FTX — Sam Bankman-Fried in Talks to Raise More Funding
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Bloomberg, New York Times, CoinDesk, Reuters, The Block, TechCrunch, CoinDesk, Protocol, VentureBeat, Protocol, SiliconANGLE, The Block, TechCrunch, Bloomberg, The Verge, CoinDesk, Decrypt, The Block, Los Angeles Times, San Francisco Business Journal, Blockworks, PYMNTS.com, Gizmodo, CNBC, Finextra, Trustnodes, Reuters, CoinDesk, Reuters, Reuters, Forbes, Financial Times, CryptoSlate, The Daily Hodl, Bitcoin Magazine, Cointelegraph, NewsBTC, Watcher Guru, Bitcoin News, Bloomberg, Bitwise Investments, Crypto Briefing, CoinGape, ZeroHedge, and Watcher Guru
Tweets: @binance, @cz_binance, @tier10k, @lucasnuzzi, @zebulgar, @halocrypto, @tier10k, @tier10k, @binance, @cobie, @genesistrading, @hsakatrades, @binance, @asvanevik, @cobie, @deitaone, @cobie, @ldrogen, @goodalexander, @rajgokal, @claritytoast, @cobie, @simondixontwitt, @hsakatrades, @cryptokaleo, @tittyrespecter, @autismcapital, @tree_of_alpha, @dylanleclair_, @cryptohayes, @nadeshot, @cryptokaleo, @0xfoobar, @cryptomanran, @joeconsorti, @mkultramoney, @obsoletedogma, @zerohedge, @crypto_chase, @adamscochran, @mayazi, @smdiehl, @fintechfrank, @danprimack, @dantwany, @dystopiabreaker, @hhorsley, @fxmacro, @nic__carter, @tree_of_alpha, @coinmamba, @gladstein, @cryptohayes, @cryptohayes, @olya_borderless, @adamscochran, @cryptoquant_com, @biancoresearch, @mikeburgersburg, @gainzy222, @vec0zy, @matthew_pines, @econoar, @tradermayne, @cameron, @unlockscalendar, @aridavidpaul, @cameron, @icebergy_, @ben_mckenzie, @thinkingusd, @odell, @bitcoinpanda69, @tier10k, @tier10k, @ki_young_ju, @dougpolkvids, @statelayer, @autismcapital, @coldbloodshill, @tree_of_alpha, @hsakatrades, @thinkingusd, @loomdart, @kadhim, @kadhim, @trader1sz, @shanicucic96, @thedefiedge, @autismcapital, @btcgandalf, @autismcapital, @iamdcinvestor, @txmctrades, @bitboy_crypto, @lilmoonlambo, @altcoinpsycho, @kieranmlkelly, @stackersatoshi, @firstadopter, @fintwit_news, @hunterwalk, @cmsintern, @autismcapital, @ashleydcan, @algodtrading, @odell, @adamscochran, @aeyakovenko, @punk6529, @ahcastor, @crypto_chase, @binance, @jimcramer, @anthony, @hsakatrades, @edzitron, @tier10k, @kateclarktweets, @functi0nzer0, @adamscochran, @jangold_, @tier10k, @felixsalmon, @bizcarson, @thestalwart, @omarg, @adamscochran, @cobie, @fintechfrank, and @scopeprotocol
| Tanaya Macheel / CNBC: |
Major coins are plummeting: Solana crashes 45%+ to ~$12, bitcoin drops 10%+ to below $16,000, its lowest since November 2020, and ether drops 12%+ to ~$1,150 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
More:
CoinDesk, The Block, The Block, Protos, BBC, CoinDesk, Bloomberg, Bloomberg, crypto.news, The Block, and Cointelegraph
Tweets: @cz_binance, @brian_armstrong, @jerallaire, @dylanleclair_, @noahpinion, @jerallaire, @asvanevik, @tracyalloway, @brantlymillegan, @aeyakovenko, @dsentralized, @salsatekila, @vivek4real_, @rager, @timdraper, @inmortalcrypto, @hodlonaut, @nebraskangooner, @basedkarbon, @wublockchain, @solbigbrain, and @3lau
| Bloomberg: |
Sources: the SEC and CFTC are investigating FTX.com over handling customer funds and its relationship with other parts of Sam Bankman-Fried's empire — US financial regulators are investigating whether beleaguered crypto-exchange FTX.com properly handled customer funds …
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Reuters, Blockworks, New York Times, TechCrunch, Engadget, PYMNTS.com, CoinDesk, The Information, Bloomberg, Decrypt, Forbes, The Daily Hodl, crypto.news, Watcher Guru, Ethereum World News, CoinDesk, CryptoSlate, and Fortune
Tweets: @tier10k, @tier10k, @smtuffy, @wublockchain, and @brianquintenz
| Joshua Oliver / Financial Times: |
Memo: Binance CEO Changpeng Zhao says FTX's near collapse “severely” shook confidence in the crypto industry, offers some deal details, and halts FTT sales — Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’ — The near collapse of FTX has …
More:
Semafor, New York Times, Arthur Hayes, CoinDesk, PYMNTS.com, Fortune, Cointelegraph, Forbes, crypto.news, Watcher Guru, CNBC, and Reuters. Tweets: @jeffnolan
| 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 — Nine prominent exchanges said they will publish proof-of-their-reserve holdings in the next month. — Crypto exchanges are now scrambling …
More:
Cointelegraph, Financial Times, CryptoSlate, and PYMNTS.com
| 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:
CoinDesk, Wired, Financial Times, Insider, Bitcoin Magazine, and TheStreet
Tweets: @cz_binance, @ericnewcomer, @wassielawyer, @danprimack, and @evgenygaevoy
| 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, CNBC, The Guardian, Reuters, TechCrunch, BBC, SEC.gov, NBC News, Insider, CNBC, PYMNTS.com, USA Today, Metaverse Post, Variety, The Verge, Adweek, Fortune, VICE, Moneycontrol, and general zuo's chicken
| Kyle Wiggers / TechCrunch: |
After rolling out Twitter's “Official” label to select high-profile accounts, Elon Musk says he “killed it” in a reply to YouTuber MKBHD — Update: Well, that was fast. The grey checks have begun to disappear following a tweet from Twitter CEO Elon Musk implying …
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The Verge, Ars Technica, Washington Post, Snopes, TechCrunch, Wall Street Journal, PYMNTS.com, Adweek, Search Engine Land, MacRumors, Gizmodo, Insider, Techdirt, RTÉ, Associated Press, The Hill, AppleInsider, HotHardware, CNBC, Engadget, SlashGear, VICE, iMore, and WRAL TechWire
| Becky Peterson / The Information: |
Report: Twitter filed to register with the US Treasury to process payments; source: Twitter is working on a product that accepts cryptocurrencies including DOGE — Twitter is taking steps to launch a payment processing product that could put it into competition with PayPal.
More:
New York Times, TechCrunch, Protocol, TechCrunch, San Francisco Business Journal, and Watcher Guru
Tweets: @mshannahmurphy and @rmac18
| Sara Fischer / @sarafischer: |
More:
TechCrunch, Engadget, CNN, Bloomberg, Vox, Fortune, AppleInsider, The Information, Reuters, The Block, and New York Post
Tweets: @justinhendrix and @nandoodles
| Tom Warren / The Verge: |
Microsoft begins to roll out iCloud Photos integration in Windows 11 through an update to the built-in Windows Photos app — Microsoft is starting to roll out iCloud Photos integration into Windows 11. A new update to the Photos app in Windows 11 is now available, which will include …
More:
Windows Blog, Engadget, Macworld, Softpedia News, Windows Central, XDA Developers, Thurrott, MacRumors, AppleInsider, 9to5Mac, iMore, BigTechWire, and Neowin
| 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. … | Jem Aswad / Variety: |
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019 — It's a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube … | Frederic Lardinois / TechCrunch: |
IBM unveils its Osprey quantum processor with 433 qubits, up from 127 in its 2021 Eagle processor, and plans to hit 4,000+ with its Kookaburra processor in 2025 — IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we're not quite there yet.
More:
IBM Research Blog, IBM, SiliconANGLE, Forbes, Reuters, Network World, TechPowerUp, Wccftech, VentureBeat, and Tom's Hardware. Tweets: @ibmresearch
| Filipe Espósito / 9to5Mac: |
Apple's iOS 16.2 beta 2 reveals work on a Custom Accessibility Mode, codenamed Clarity, aimed at making the iPhone's and the iPad's UI more user-friendly — Apple on Tuesday released iOS 16.2 beta 2 to developers as the company gets ready to make the update available to the public in December.
More:
MacRumors
| Nate Bek / GeekWire: |
Seattle-based Redfin lays off 862 employees, or 13% of its workforce, and winds down its home-flipping program RedfinNow; stock is down 96%+ since February 2021 — Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as it cuts expenses in response to a slowing housing market.
More:
Seattle Business Journal, PYMNTS.com, and Bloomberg
| James Vincent / The Verge: |
Q&A with the lawyers “challenging the legality of GitHub Copilot” via a proposed class action lawsuit, which could have a huge impact on generative AI models — Microsoft, its subsidiary GitHub, and its business partner OpenAI have been targeted in a proposed class action lawsuit alleging … | Rebecca Elliott / Wall Street Journal: |
Filings: after buying Twitter for $44B, Elon Musk sold 19.5M Tesla shares, worth almost $4B, from November 4 to 8, leaving him with a roughly 14% stake — The sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August
More:
USA Today, Fortune, Bloomberg, The Guardian, and CNBC
Tweets: @carlquintanilla and @carlquintanilla
| Tom Warren / The Verge: |
Google rolls out its VPN service to Windows and macOS in 22 countries; the desktop apps are available to Google One Premium subscribers with 2TB+ storage — Google is bringing its VPN access to desktop today. Google One subscribers on Premium plans (2TB or higher) can now download VPN apps …
More:
9to5Google, Thurrott, Engadget, Neowin, and PCMag
| 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 … | 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 spendingSponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro (experimental) is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro (experimental) is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
Introducing the UiPath Platform™ for agentic automation — UiPath's new platform empowers enterprises to experience the full power of AI to transform industries
Introducing the UiPath Platform™ for agentic automation — UiPath's new platform empowers enterprises to experience the full power of AI to transform industries
Zoho:
App Spotlight: Savoir for Zoho Books — App Spotlight brings you hand-picked solutions that enhance your Zoho apps and tools. Visit Zoho Marketplace to explore all of our apps, integrations …
App Spotlight: Savoir for Zoho Books — App Spotlight brings you hand-picked solutions that enhance your Zoho apps and tools. Visit Zoho Marketplace to explore all of our apps, integrations …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
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