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November 9, 2022, 7:35 AM
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| 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, coinbase.com, New York Times, Bloomberg, Slate, Metaverse Post, BitDAO, CoinDesk, BBC, Ed Zitron's Where's Your Ed At, Blockonomi, Decrypt, Forkast, Silicon Canals, Waivly, CryptoSlate, Wall Street Journal, The Block, Forbes, CNBC, Watcher Guru, VentureBeat, Fortune, Reuters, Cointelegraph, The Good Contributor, and CoinGape
Tweets: @sbf_ftx, @cz_binance, @cz_binance, @benbybit, @shaanvp, @sbf_ftx, @ericnewcomer, @sbf_ftx, @wassielawyer, @sbf_ftx, @zhusu, @thestalwart, @sbf_ftx, @lizrhoffman, @fintwit_news, @danprimack, @arthur_0x, @sbf_ftx, @lizrhoffman, @vetlelunde, @cobie, @lookonchain, @alex_valaitis, @firstadopter, @dogetoshi, @tier10k, @cryptomanran, @chrisfralic, @robinwigg, @nic__carter, @ftx_official, @hsakatrades, @danprimack, @hsakatrades, @disruptepreneur, @nathanbenaich, @scopeprotocol, @tree_of_alpha, @robinwigg, @houseaggop, @tuurdemeester, @punk9059, @cobie, @freddieraynolds, @fintechfrank, @arthurb, @punk6529, @ethereumjames, @dystopiabreaker, @0xngmi, @inversebrah, @inversebrah, @tree_of_alpha, @hodlkryptonite, @milesdeutscher, @carnage4life, @dogetoshi, @cryptohayes, @aridavidpaul, @algodtrading, @claritytoast, @cobie, @lizrhoffman, @hodlkryptonite, @spreekaway, @wublockchain, @marketsmeowmeow, @dylanleclair_, @patrickmcgee_, @cobie, @autismcapital, @tier10k, @julianhosp, @coffeebreak_yt, @tuurdemeester, @mdudas, @coinbase, @cl207, @fintechfrank, and @tree_of_alpha
| 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, Protos, Nikkei Asia, Forkast, The Economic Times, and Watcher Guru
| 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 … | 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:
Financial Times, CryptoSlate, Watcher Guru, CoinDesk, 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, The Information, Blockworks, CoinDesk, Noob Botter Newsletter, Watcher Guru, and Bloomberg
Tweets: @lucasnuzzi, @boazweinstein, @smtuffy, @milesdeutscher, @jeuasommenulle, and @coindesk
| Matt Levine / Bloomberg: |
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Insider, TechCrunch, and Blockchain News
Tweets: @skatensurf_, @bennetttomlin, @pentosh1, @yassineark, @davidsacks, @matt_levine, @srikmisra, 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, CoinDesk, The Guardian, The Verge, Insider, Washington Post, The Block, The Information, Protocol, CNN, NPR, The Sun, Silicon Republic, Tech Monitor, Engadget, TechCrunch, Wall Street Journal, Moneycontrol, CNBC, USA Today, Insider, Wall Street Journal, Variety, Associated Press, Deadline, Financial Times, Associated Press, NBC News, BuzzFeed News, TIME, Axios, Bloomberg, Inc42 Media, iMore, Growth Curve, The Hollywood Reporter, The Guardian, Reuters, That's so Meta, Silicon Valley Business …, SiliconANGLE, and Fortune
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, @gergelyorosz, @jeffhorwitz, and @sal19
| 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| Divya Balji / Bloomberg: |
Coinbase's stock closes down 10.78% and Robinhood Markets closes down 19.04% as the Binance-FTX deal spotlights the challenges facing the $1T 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 …
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Coinpedia Fintech News, Forkast, Ethereum World News, Cointelegraph, and CryptoPotato
Tweets: @brian_armstrong, @brian_armstrong, @brian_armstrong, @brian_armstrong, and @coinbasesupport
| 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, Android Headlines, iPhone in Canada Blog, Digital Trends, Mercury News, and Android Central
| 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 … | 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
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Nintendo Corporation, GoNintendo, Pocket-lint, and Game Developer
Tweets: @6d6f636869 and @toadsanime
| 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 … | 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. … | 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, @johnolilly, and @devolute
| 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 …
More:
European Commission, The Register, Silicon Canals, and Washington Post
Tweets: @tomwarren and @shannon_liao
| 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.
More:
ZDNet, Ars Technica, Automox, Microsoft Tech Community, Infosecurity, SANS Internet Storm Center, and Forbes. Tweets: @campuscodi
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