Techmeme
November 6, 2024, 6:20 AM

Top News

MacKenzie Sigalos / CNBC:
Republican blockchain entrepreneur Bernie Moreno defeats Senate Banking Chair Sherrod Brown in the Ohio Senate race, where crypto PACs put $40M to defeat Brown  —  Crypto fans are celebrating the results of the Ohio Senate race, where blockchain entrepreneur Bernie Moreno …
Financial Times:
Elon Musk's gamble on Donald Trump pays off, as Trump wins the race; Trump gave Musk a lengthy shout out in his victory speech, calling him “a super-genius”  —  “A star is born: Elon,” said Donald Trump in a lengthy shout out to his biggest donor while claiming victory in the US presidential race on Wednesday morning.
Marc Hochstein / CoinDesk:
As Trump wins the US election, Polymarket, Kalshi, PredictIt, and other prediction betting markets, which heavily favored Trump for months, are vindicated  —  Tuesday night's election returns were a shocker if you only watched CNN.  But not if you'd looked at the betting all along.
The Block:
Bitcoin passes $74K to reach an all-time high, as Trump wins the US presidential race, and other coins jump; bitcoin is up nearly 70% year-to-date  —  - The largest cryptocurrency by market cap has gained nearly 70% year-to-date and reached a new all-time high today, as the market processes …
Bloomberg:
Trump Media & Technology Group's stock jumps 30%+ in pre-market trading, hitting a $7B+ market cap, as Trump beats Kamala Harris; TSLA rises 15%+ pre-market  —  - Shares surged in premarket trade before quickly paring  — Markets have swung in anticipation of a likely Trump win
Samuel Stolton / Bloomberg:
Sources: EU regulators are planning to fine Apple under the DMA, after it failed to let developers steer users to cheaper deals and offers outside the App Store  —  - Fine will target Apple for anticompetitive App Store practices  — EU move follows earlier €1.8 billion fine in Spotify case
Ash Parrish / The Verge:
Nintendo says its unannounced Switch successor will be able to play current Switch games and have carryover for Switch Online services and accounts  —  Nintendo hasn't announced its Switch successor yet, but we do know one thing for sure: it will be able to play current Switch games …
Bill Toulas / BleepingComputer:
Interpol says a global operation has taken down over 22,000 malicious IP addresses or servers linked to cyber threats and led to the arrest of 41 individuals  —  Interpol announced it arrested 41 individuals and taken down 1,037 servers and infrastructure running on 22,000 IP addresses facilitating cybercrime …
Michael Acton / Financial Times:
Super Micro says an independent probe into concerns flagged by former auditor EY found “no evidence of fraud or misconduct” by its management or board  —  Server maker's shares fall further after release of lacklustre preliminary results  —  Super Micro Computer said on Tuesday …
Zack Whittaker / TechCrunch:
The Mozilla Foundation lays off 30% of its employees and tells staff in an email that it is eliminating its advocacy and global programs divisions  —  The Mozilla Foundation, the nonprofit arm of the Firefox browser maker Mozilla, has laid off 30% of its employees as the organization says it faces a “relentless onslaught of change.”
Wall Street Journal:
How the Salt Typhoon hackers breached US telecommunication infrastructure to carry out targeted espionage against the US for at least eight months  —  Hackers for months scooped up call logs, unencrypted texts and some audio in breach, piercing America's communications infrastructure without detection

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