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June 10, 2023, 3:40 AM
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Top News

Karissa Bell / Engadget:
In an AMA about Reddit's API changes, the company's CEO said Reddit can't “subsidize commercial entities”, criticized the Apollo developer's behavior, and more  —  “We'll continue to be profit-driven until profits arrive,” he said.  —  Reddit CEO Steve Huffman has finally spoken publicly …
Juli Clover / MacRumors:
Apollo's developer plans to shut down the Reddit client on June 30, saying “Reddit's recent decisions and actions” make it impossible for Apollo to continue
Jason Schreier / Bloomberg:
The Summer Games Fest, organized by video game personality Geoff Keighley in place of E3, features shows from Xbox, Ubisoft, and others, but the vibe feels off  —  Hi everyone, it's Jason.  I'm reporting from Not E3 in Los Angeles, but first...  This week's top gaming news:
Colin Wilhelm / The Block:
A US judge ruled in favor of the CFTC after Ooki DAO failed to respond to an enforcement action, setting a precedent that DAOs are liable for legal violations  —  - The Commodity Futures Trading Commission won a default judgement against Ooki DAO after the group failed to respond.
Nikhilesh De / CoinDesk:
The US DOJ unseals a 2019 indictment charging two Russians with stealing ~647K BTC in the Mt. Gox hack and a 2016 filing charging one of them with running BTC-e  —  One of the individuals also operated BTC-e, the DOJ alleged.  —  The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko …
Wall Street Journal:
An interview with Gary Gensler amid the SEC's Binance and Coinbase lawsuits, which have existential stakes for the companies and could define Gensler's legacy  —  Agency chair focuses enforcement power on exchanges after earlier failures to subdue industry  —  WASHINGTON—Gary Gensler had seen enough.
MK Manoylov / The Block:
Robinhood plans to end support for Solana, Polygon, and Cardano on June 27, following a company review in light of the SEC lawsuits against Coinbase and Binance  —  - Robinhood will no longer support Solana, Polygon or Cardano after June 27, 2023 at 6:59 p.m. ET.
Sean Hollister / The Verge:
Logitech plans to merge Astro and Blue Microphones into Logitech G and retire the Blue brand, saying “the Blue name will be used to describe our technologies”  —  Now, it's merging both into its Logitech G brand for gamers and streamers — but while Astro will largely continue, the Blue brand is getting axed.
Vitalik Buterin:
Ethereum must undergo three transitions while evolving from a young experimental technology into a mature tech stack: L2 scaling, wallet security, and privacy  —  Special thanks to Dan Finlay, Karl Floersch, David Hoffman, and the Scroll and SoulWallet teams for feedback and review and suggestions.
James Cirrone / Blockworks:
Crypto.com plans to shut down its institutional exchange service for US customers on June 21, citing “limited demand”; the closure doesn't affect retail users  —  The decision was made in light of “limited demand” among US institutions because of the “current market landscape”
Isabella Simonetti / Wall Street Journal:
Antenna: Netflix gained more US subscribers from May 25 to May 28, after its password-sharing crackdown began, than in any other four days since at least 2019  —  Shortly after change, company had highest rate of sign-ups since Antenna began tracking data in 2019
David Yaffe-Bellany / New York Times:
The founders of Three Arrows Capital spent the past year surfing, meditating, and traveling after their crypto hedge fund collapsed, while refusing to apologize  —  The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry.

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This is a Techmeme archive page. It shows how the site appeared at 3:40 AM ET, June 10, 2023.

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From Mediagazer

CNBC:
Comcast confirms plans to spin off its NBCUniversal cable TV networks, including MSNBC and CNBC, with Mark Lazarus as CEO; the separation may take about a year

James Warrington / Telegraph:
Almost 93% of 600 Guardian and Observer staff organized by the NUJ vote in favor of strike action over the proposed sale of The Observer to Tortoise

Kanis Leung / Associated Press:
Apple Daily founder Jimmy Lai testifies for the first time in his years-long national security trial; he is already serving a jail term for a fraud conviction

More News

Rosie Perper / CoinDesk:
Kraken launches Kraken NFT, a marketplace with 250+ NFT collections across the Ethereum, Solana, and Polygon blockchains, after a beta started in November 2022

Earlier Picks

Jon Porter / The Verge:
Spotify is testing Your Offline Mix, a new playlist feature that automatically saves a mix of users' recently played songs for offline listening
Rahat Sandhu / Reuters:
Binance.US suspends USD deposits and tells customers to withdraw their USD funds as its banking partners could stop fiat withdrawal channels as early as June 13
Ina Fried / Axios:
Mark Zuckerberg shared with employees Meta's plan to add generative AI text, image, and video tools to its products, such as Messenger, WhatsApp, and Instagram
Sam Sabin / Axios:
Google releases a conceptual framework for companies to quickly secure their AI systems against hackers trying to manipulate AI models or steal AI training data
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