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June 10, 2023, 10:25 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 “due to limited demand”; the closure does not affect retail users  —  The decision was made in light of “limited demand” among US institutions because of the “current market landscape”
Wall Street Journal:
An interview with Gary Gensler after the SEC sued Binance and Coinbase, a fight that has 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.
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.
Rosie Perper / CoinDesk:
Kraken launches Kraken NFT, a marketplace with 250+ NFT collections on the Ethereum, Solana, and Polygon blockchains, after a public beta debut in November 2022  —  Now out of its public beta test, the platform has expanded to include over 250 NFT collections.

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From Mediagazer

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Mark Sweney / The Guardian:
National World, one of the UK's biggest newspaper groups, gets a £56.2M buyout offer from shareholder Media Concierge, a 40% premium to its Nov. 21 stock price

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

More News

Jason Schreier / Bloomberg:
The Summer Games Fest, organized by video game personality Geoff Keighley in place of E3, features Xbox, Ubisoft, and Capcom shows, but the vibe is different
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

Earlier Picks

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
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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