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November 9, 2022, 10:40 AM
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Mediagazer
memeorandum
WeSmirchTop News
| Changpeng Zhao / @cz_binance: |
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence — This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
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The Block, coinbase.com, The Block, New York Times, Semafor, Bloomberg, Insider, The Economic Times, Crunchbase News, Finbold, The Block, BBC, Slate, Reuters, Blockworks, Tech News, CoinDesk, Protos, Ethereum World News, CryptoPotato, CoinGape, Fortune, Financial Times, Forkast, NewsBTC, Watcher Guru, CryptoSlate, Ed Zitron's Where's Your Ed At, Decrypt, Cryptonews, MediaNama, Wall Street Journal, CryptoGlobe, and Coinspeaker
Tweets: @sbf_ftx, @cz_binance, @cz_binance, @cryptomanran, @ericnewcomer, @zhusu, @benbybit, @sbf_ftx, @fintwit_news, @sbf_ftx, @wassielawyer, @sbf_ftx, @lizrhoffman, @cobie, @danprimack, @arthur_0x, @firstadopter, @dogetoshi, @tier10k, @cryptomanran, @sbf_ftx, @lizrhoffman, @hhorsley, @vetlelunde, @lookonchain, @scopeprotocol, @chrisfralic, @alex_valaitis, @robinwigg, @yassineark, @doug_hanks, @punk9059, @ftx_official, @hsakatrades, @danprimack, @hodlkryptonite, @0xngmi, @cobie, @cobie, @robinwigg, @dogetoshi, @punk2670, @tuurdemeester, @timccopeland, @mayazi, @carnage4life, @cobie, and @milesdeutscher
| Joshua Oliver / Financial Times: |
Memo: Binance CEO Changpeng Zhao says FTX's near collapse “severely” shook confidence in the crypto industry, offers some deal details, and halts FTT sales — Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’ — The near collapse of FTX has … | Ian Allison / CoinDesk: |
Source: after looking at FTX's internal data and loan commitments, Binance is highly likely to scrap its acquisition — Backing out would be one more stunning development in the collapse of Sam Bankman-Fried's crypto empire. — Cryptocurrency exchange giant Binance is highly unlikely …
More:
Finbold. Tweets: @tier10k, @traderskew, @degenspartan, @adamscochran, @hsakatrades, @cobie, and @edzitron
| Tom Maloney / Bloomberg: |
Sam Bankman-Fried's estimated $15.6B fortune has been eviscerated in days by the demise of FTX and Alameda, dropping to ~$1B, the largest one-day collapse ever — Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
More:
Financial Times, Watcher Guru, and Cointelegraph
Tweets: @tier10k, @r0h1n, @evgenygaevoy, and @kantrowitz
| Shaurya Malwa / CoinDesk: |
In the wake of FTX's dramatic fall, Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, and OKX pledge to release their Merkle tree reserve certificates — Over seven crypto exchanges will publish proof of their reserve holdings in the next month. — Crypto exchanges are now scrambling …
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The Block, The Block, Protos, The Block, Ethereum World News, Cryptonews, crypto.news, CoinGape, and Cointelegraph
| Angus Berwick / Reuters: |
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw ~$6B of net withdrawals in 72 hours — Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message … | Daniel Kuhn / CoinDesk: |
More:
The i Paper, The Information, Bloomberg, CoinDesk, Ethereum World News, Cointelegraph, CoinGape, and CoinGeek
Tweets: @lucasnuzzi, @boazweinstein, and @fxmacro
| Helen Partz / Cointelegraph: |
More:
TheStreet, Fortune, and Crypto Briefing
Tweets: @tree_of_alpha, @_jefflau, @pledditor, @evgenygaevoy, and @wclementeiii
| Meta: |
Mark Zuckerberg says Meta plans to lay off 13% of its staff, or 11,000+ employees, and will cut discretionary spending and extend its hiring freeze through Q1 — Mark Zuckerberg just shared the following with Meta employees: — Today I'm sharing some of the most difficult changes we've made in Meta's history.
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BBC, TechCrunch, Reuters, The Guardian, CNN, Bloomberg, CNBC, CoinDesk, Protocol, TheStreet, New York Post, Forbes, Decrypt, Road to VR, Thurrott, Insider, The Economic Times, UploadVR, PCMag, Gizmodo, The Register, Club386, VICE, TechCrunch, Sifted, The Verge, ZDNet, Game Developer, AppleInsider, Computerworld, Australian Financial Review, Insider, SEC.gov, NPR, BuzzFeed News, Insider, Associated Press, The Block, Livemint, The Information, The Hill, The Sun, PC Gamer, Moneycontrol, Tech Monitor, Financial Times, Engadget, International Business Times, Android Headlines, TheGamer, TechCircle, Kotaku, USA Today, Newser, BGR, SlashGear, PetaPixel, Politico, The Guardian, Reuters, Gameranx, ITV News, Neowin, Mashable, CoinGape, BGR India, The Daily Beast, Coinspeaker, Deadline, Variety, and Wall Street Journal
Tweets: @kenyafitdee, @willoremus, @juokaz, @alexleavitt, @naominixwrites, @sarthakgh, @benedictevans, @alexvoica, @jeffhorwitz, @gergelyorosz, @shiraovide, @shiraovide, @willoremus, @mcappetta, @andruyeung, @shitmgmtsays, @wolfejosh, @naijaflyingdr, @chigrl, @gergelyorosz, @gergelyorosz, and @shiraovide
| Tanaya Macheel / CNBC: |
Solana crashes 30%+ to ~$18; bitcoin falls ~10% to ~$17,600 and briefly hit $17,300 on November 8, its lowest since November 2020; ether drops 15% to ~$1,250 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
More:
The Block, The Block, CoinDesk, Bloomberg, CNBC, Axios, The Block, Barron's Online, The Defiant, CoinGape, Cointelegraph, and NewsBTC
Tweets: @cz_binance, @dylanleclair_, @jerallaire, @noahpinion, @chrisjbakke, @solanalegend, @rajgokal, @lars0x, @wublockchain, and @riddle245
| Jay Peters / The Verge: |
Twitter begins labeling select accounts “Official” as part of its Blue update; not all previously verified accounts will get the label, which won't be for sale — Twitter is rolling out another type of check mark to help distinguish accounts that users actually need to know are real.
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The Verge, The Verge, Thurrott, TechCrunch, PCMag, MacRumors, Silicon Republic, Insider, Associated Press, Techdirt, BGR, CNBC, 9to5Mac, Digit, and Wccftech
Tweets: @esthercrawford, @esthercrawford, @maxwelltani, @levie, @ditzkoff, @malwaretechblog, @wongmjane, @levie, @_llebrun, @timcast, @inabber69, @seyitaylor, @miarsato, @davechensky, @can, @carnage4life, @lorakolodny, @willoremus, @kantrowitz, @caseynewton, @carnage4life, @nanjala1, @unwinderh, and @davidsacks
| Wall Street Journal: |
Sources: TSMC plans to announce a second chipmaking factory north of Phoenix, Arizona, in the coming months, investing roughly $12B and aiming to make 3nm chips — New facility would produce cutting edge 3-nanometer semiconductors — Taiwan Semiconductor Manufacturing Co. …
More:
AppleInsider, 9to5Mac, MacRumors, MacDailyNews, Neowin, and Appuals.com
Tweets: @iron_man_actual and @matthew_pines
| Filipe Espósito / 9to5Mac: |
Apple is working on a Custom Accessibility Mode for iOS 16.2 beta 2, codenamed Clarity, helping make the iPhone's and the iPad's UI more user-friendly — Apple on Tuesday released iOS 16.2 beta 2 to developers as the company gets ready to make the update available to the public in December.
More:
MacRumors, AppleInsider, TechCrunch, BGR, and iThinkDifferent
| Thomas Germain / Gizmodo: |
Research suggests Apple collects data about iPhone usage even when the iPhone Analytics setting to “disable the sharing of Device Analytics altogether” is off — For all of Apple's talk about how private your iPhone is, the company vacuums up a lot of data about you. iPhones …
More:
Tom's Guide, Philip Elmer‑DeWitt, and Mysk on YouTube
| Jem Aswad / Variety: |
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019 — It's a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube … | Frederic Lardinois / TechCrunch: |
IBM announces its Osprey quantum processor with 433 qubits, up from 127 qubits in the 2021 Eagle processor, and plans to hit 4,000 qubits by 2025 — IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we're not quite there yet. For now, we have to make do with …
More:
IBM Research Blog, Engadget, Silicon Republic, Wall Street Journal, Tech Monitor, Reuters, and VentureBeat
Tweets: @ibmresearch and @kylebrussell
| Brandy Betz / CoinDesk: |
Blockchain intelligence startup TRM Labs raised a $70M Series B extension led by Thoma Bravo, bringing the round to $130M — Goldman Sachs, PayPal Ventures, Amex Ventures, and Citi Ventures also participated. — Blockchain intelligence firm TRM Labs has raised $70 million …
More:
The Block and Cointelegraph
| Nilay Patel / The Verge: |
An interview with CEO Dylan Field on scaling Figma, selling the company to Adobe, retaining autonomy, WebGL, making VR Figma for the metaverse, AGI, and more — We also talk about AI and VR — but we know why you're here. … Dylan Field is the co-founder and CEO of Figma …
Tweets: @hdarshane
| Dylan Martin / The Register: |
Intel announces a new Xeon CPU family and updated data center GPUs, both part of the Max Series lineup, set to arrive in early 2023 — x86 giant goes all-in with high-bandwidth memory — Intel's latest plan to ward off rivals from high-performance computing workloads involves a CPU …
More:
VideoCardz.com, Phoronix, ServeTheHome, Intel, Network World, Club386, VentureBeat, ZDNet, The Next Platform, IT PRO, HPCwire, and TechPowerUp. Thanks:@dylanljmartin
| Rebecca Elliott / Wall Street Journal: |
Filings: after taking over Twitter, Elon Musk sold 19.5M Tesla shares, worth almost $4B, between November 4-8; Musk retains a roughly 14% stake in Tesla — The sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August
More:
The Hill, RTÉ, Bloomberg, CNBC, The Guardian, Reuters, Axios, TechSpot, Wccftech, Newser, Coinspeaker, and TIME
Tweets: @carlquintanilla and @carlquintanilla
| James Vincent / The Verge: |
Q&A with the lawyers “challenging the legality of GitHub Copilot” through a proposed class action suit, which could have a huge impact on generative AI models — Microsoft, its subsidiary GitHub, and its business partner OpenAI have been targeted in a proposed class action lawsuit alleging … Sponsor Posts
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