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May 5, 2023, 3:30 PM
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| Mengqi Sun / Wall Street Journal: |
New York's AG proposes the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, seeking broader enforcement authority over crypto companies — Proposed legislation would require crypto exchanges to have independent public audits of financial statements, among other new requirements
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NY State Attorney General, Bloomberg, Blockworks, Engadget, The Block, crypto.news, Ethereum World News, CryptoSlate, Cointelegraph, Cryptonews, CoinGape, and CoinDesk
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@newyorkstateag, @newyorkstateag, @ethjuiced, and @jimmyvielkind
| Aisha Malik / TechCrunch: |
Amazon expands Inspire, its TikTok-like video and photo feed in the Shopping app that lets users buy from influencer and brand content, to all US customers — Amazon's in-app TikTok-like shopping feed is now available to all customers in the United States, according to the company's website.
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iPhone in Canada Blog, dot.LA, Tubefilter, and Insider Intelligence
| Harmeet Singh Walia / Counterpoint Research: |
Smartphone shipments declined 14% YoY and 7% QoQ globally to 280.2M units in Q1 2023; Samsung declined 19%, Apple 2%, Xiaomi 22%, Oppo 10%, and Vivo 18% — - The global smartphone market declined by 14% YoY and 7% QoQ to record 280.2 million unit shipments in Q1 2023.
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TechCrunch, IDC, Cult of Mac, Neowin, SamMobile, Wccftech, and Android Authority. Tweets:
@neiltwitz
| Chris Welch / The Verge: |
A review of the $250 JBL Tour Pro 2 wireless earbuds, whose case has a touchscreen for accessing earbud settings, along with extras like timers and a flashlight — The touchscreen offers quick access to earbud settings along with extras like timers and even a flashlight.
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NBC News, USA Today, Digital Trends, Engadget, and CNET
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@chriswelch, @ericrennerbrown, and @lukew
| Wall Street Journal: |
Sources: Ant's restructuring has been held up for over a year by China reshuffling its regulatory system; the final step is a financial-holding-company license — Powerful new regulator will have to approve the fintech giant's application to become a financial-holding company| Dave Michaels / Wall Street Journal: |
Coinbase plans to try a novel defense against a potential US SEC enforcement action by arguing the regulator bears some responsibility for approving its IPO — Crypto exchange says regulators' lawsuit threat is undermined by clearance of IPO — With the Securities and Exchange Commission preparing … | Alex Konrad / Forbes: |
A look at the ByteDance investors who have billions in paper profits blocked by the US regulatory standoff over TikTok; source: Sequoia China holds a 10%+ stake — The world's most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1.
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Pandaily. Tweets:
@jacobhelberg, @chrisfralic, @pstasiatech, @alexrkonrad, @alexrkonrad, @alexrkonrad, and @alexrkonrad. Thanks:@alexrkonrad
| Catherine Shu / TechCrunch: |
Jakarta-based Praktis, which sells end-to-end supply chain software to direct-to-consumer brands and suppliers, raised a $20M Series A led by East Ventures — Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product. But companies in the D2C space still struggle to compete against bigger brands.
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Tech in Asia
| Eric Berger / Ars Technica: |
Airbus, Eutelsat, SES, Thales, and other European satellite companies plan to bid for the IRIS² satellite constellation, to rival SpaceX's Starlink in the EU — The bid includes large players such as Airbus Defence and Space, Eutelsat, and SES. — A consortium of nearly every major …
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Airbus, The Register, ExtremeTech, Gizmodo, PCMag, TechSpot, and DatacenterDynamics
| Joseph Menn / Washington Post: |
A judge sentences former Uber CSO Joe Sullivan to three years of probation, after his October 2022 conviction for covering up a 2016 data breach from regulators — The first corporate executive convicted of a crime related to a data breach by outsiders is sentenced to probation and fined| Bloomberg: |
Source: a leaked April 2023 internal document by Luke Sernau, a senior software engineer at Google, argues that open-source AI will outcompete Google and OpenAI — A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge …
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SemiAnalysis. More:
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| Kif Leswing / CNBC: |
Apple Q2 revenue: iPhone up 2% YoY to $51.33B, Mac down 31% YoY to $7.17B, iPad down 13% YoY to $6.67B, and Wearables, Home, and Accessories down 1% to $8.76B — - Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street's soft expectations for sales and revenue …
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| Apple: |
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@alternatejones, @adamsinger, @patrickmcgee_, @epro, @neilcybart, @lexnfx, @patrickmcgee_, @stevemoser, @inafried, @lexnfx, @lexnfx, @mike_wuerthele, @neilcybart, @rjonesy, @neilcybart, @thetranscript_, @rsgnl, @patrickmcgee_, @neilcybart, @dougboneparth, @neilcybart, @lexnfx, @sarthakgh, @munster_gene, @levynews, @lexnfx, @brandonbutch, and @patrickmcgee_
| Adam Morgan McCarthy / The Block: |
Dune: Ethereum's median average transaction fee jumped to ~87 gwei on May 2, the highest level since May 2022, mostly due to memecoin trading exploding again — - Average transaction fees on the Ethereum network reached highs last seen in May 2022 this week.
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Cryptopolitan, MakeUseOf, CoinDesk, CryptoPotato, Ethereum World News, NewsBTC, and DL News. Tweets:
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