Techmeme
June 20, 2022, 8:05 AM

Top News

Wall Street Journal:
The total value of all cryptocurrencies has gone down by roughly $2T, or two-thirds, since bitcoin hit its all-time high in November 2021  —  The cryptocurrency industry was built on swagger, enthusiasm and optimism.  All three are in short supply these days, as losses and layoffs mount.  —  1x
Celsius Blog:
After pausing withdrawals last week, Celsius asks for more time to stabilize its liquidity and operations and halts Twitter Spaces and AMAs  —  It has been one week since we paused withdrawals, Swap, and transfers.  We want our community to know that our objective continues to be stabilizing our liquidity and operations.
Bloomberg:
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021  —  Bitcoin plunged through several closely watched price levels to the lowest since late 2020 as evidence of deepening stress within …
Rest of World:
Manish Singh / TechCrunch:
Telegram passes 700M MAUs and unveils Telegram Premium, which will let users follow up to 1,000 channels, send files up to 4GB, and more, for $5 to $6 per month  —  Telegram has amassed 700 million monthly active users and is rolling out a premium tier with additional features …
New York Times:
Apple employees at a store in Towson, Maryland vote 65-33 to unionize, making it the company's first US store where employees voted in favor of unionizing  —  Roughly two-thirds of employees at the store in Towson, Md., voted to join the union.  — Give this article- - - Read in app
Elizabeth Dwoskin / Washington Post:
Interviews with members of Peter Thiel's inner circle describe how he came to the decision to leave Meta's board, a departure that was years in the making  —  Inside the billionaire investor's journey from Facebook board member to an architect of the new American right
Kishan Vyas / XDA Developers:
WhatsApp rolls out new privacy control settings to all users, giving them more control over who can see their Profile Photo, About, Last Seen, and Status  —  WhatsApp is rolling out new privacy control settings to provide users greater control over who can see their profile photo, “About,” “Last seen,” and WhatsApp Status.
Danny Nelson / CoinDesk:
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, votes to take over an account that deposited 5.7M SOL, over 95% of the pool's deposits  —  Solend users voted to “grant emergency power to Solend Labs to temporarily take over the whale's account.”
Christopher Mims / Wall Street Journal:
A look at the safety and economics of autonomous trucks as Aurora and TuSimple say they plan to have commercial-trucking services in the US by the end of 2023  —  Autonomous trucks that mostly stick to highways could make sense, both technologically and economically, in ways robotaxis have not.
Dan Seifert / The Verge:
Microsoft's Surface Duo 2 is a compelling dual-screen phone after at least nine software updates and a $500 price cut, but it works best as a secondary device  —  It's exceedingly rare that a product actually gets better months after it was released.  But Microsoft's oft-forgotten Surface Duo 2 …
Wall Street Journal:
JD.com reports revenue from its June 18 shopping festival rose 10.3% to $56.6B, the slowest growth since 2017, as China's lockdowns dampen consumer demand  —  Consumers hit the brakes in latest indication of damaged sentiment from macroeconomic headwinds and lengthy lockdowns

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David Shepardson / Reuters:

Earlier Picks

Kate Conger / New York Times:
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Aisha Malik / TechCrunch: