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June 10, 2023, 9:50 AM
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Top News

Karissa Bell / Engadget:
In an AMA on API changes, Reddit CEO Steve Huffman says the company 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 …
Bloomberg:
A comparison between US data and 5,100 Stable Diffusion-generated images related to job title and crime finds the tool amplifies gender and racial stereotypes  —  Heather Hiles, chair of Black Girls Code  —  At Canva, whose visual communication platform has 125 million active users …
Sarah Zheng / Bloomberg:
In a virtual address to a conference in Beijing, OpenAI's Sam Altman called for global cooperation on AI safety and said China should help shape the guidelines  —  China should play a key role in shaping the artificial intelligence guardrails needed to ensure the safety of transformative new systems …
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.
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.
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”
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 …
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.
Wall Street Journal:
An interview with Gary Gensler after 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.
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  —  Now out of its public beta test, the platform has expanded to include over 250 NFT collections.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:50 AM ET, June 10, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

David Folkenflik / NPR:
NPR and three Colorado public radio stations sue Trump, saying his executive order to cut federal funding violated the US Constitution and the First Amendment

Bloomberg:
Filing: Tencent is buying a ~10% stake in SM Entertainment for ~$180M from BTS agency Hybe, as China is expected to lift its unofficial ban on K-pop concerts

Dominic Ponsford / Press Gazette:
Docs: The Guardian reports revenue up 6.7% YoY to £275M in the year to March 2025, losses down to <£25M, digital revenue up 20%+ YoY to £100M+, and 1.3M subs

More News

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

Earlier Picks

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
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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