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November 9, 2022, 10:15 AM
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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, The Block, coinbase.com, New York Times, Semafor, Bloomberg, Insider, The Economic Times, Protocol, Crunchbase News, Finbold, The Block, BBC, Slate, CoinDesk, Reuters, Protos, Ethereum World News, CryptoPotato, CoinGape, Financial Times, Forkast, Fortune, NewsBTC, CryptoSlate, Watcher Guru, Ed Zitron's Where's Your Ed At, Cryptonews, MediaNama, Decrypt, CryptoGlobe, Coinspeaker, Wall Street Journal, and The Block
Tweets: @sbf_ftx, @cz_binance, @cryptomanran, @cz_binance, @zhusu, @benbybit, @sbf_ftx, @ericnewcomer, @fintwit_news, @sbf_ftx, @wassielawyer, @sbf_ftx, @lizrhoffman, @cobie, @danprimack, @boazweinstein, @arthur_0x, @firstadopter, @dogetoshi, @tier10k, @cryptomanran, @sbf_ftx, @lizrhoffman, @hhorsley, @vetlelunde, @lookonchain, @alex_valaitis, @chrisfralic, @doug_hanks, @robinwigg, @scopeprotocol, @ftx_official, @yassineark, @hsakatrades, @punk9059, @danprimack, @cobie, @cobie, @hodlkryptonite, @punk2670, @0xngmi, @timccopeland, @mayazi, @robinwigg, @tuurdemeester, @dogetoshi, @carnage4life, @nic__carter, @milesdeutscher, @cobie, and @cryptohayes
| 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 …
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CoinDesk, TechCrunch, Bloomberg, Forbes, Inside Bitcoins, CoinGape, Cointelegraph, crv.mktcap.eth, Cryptonews, Nikkei Asia, and Blockchain News
Tweets: @cz_binance, @cobie, @cobie, @icebergy_, @cobie, @bondhack, @azeem, @hsakatrades, @kadhim, @crypt0aphrodite, @osf_nft, @raoulgmi, @mayazi, @ben_mckenzie, @sino_market, @hsakatrades, @johnedeaton1, @btc_archive, @adamsamson, and @alistairmilne
| 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.
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Financial Times, Watcher Guru, Cointelegraph, and Tech in Asia
Tweets: @tier10k, @kantrowitz, and @evgenygaevoy
| 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, Ethereum World News, Cryptonews, crypto.news, CoinGape, and Bitcoinist.com
| 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 …
More:
Blockworks, The Block, Tech in Asia, TheStreet, and Bitcoinist.com
Tweets: @arthur_0x and @hsakatrades
| Daniel Kuhn / CoinDesk: |
How Binance exacerbated a bank run on FTX before offering to acquire the company, and why the potential deal represents a meteoric fall for Sam Bankman-Fried — Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown. — By Daniel KuhnLayer 2
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The Information, Finbold, Bloomberg, Blockworks, CoinDesk, Ethereum World News, Cointelegraph, CoinGape, and CoinGeek
Tweets: @lucasnuzzi and @fxmacro
| Helen Partz / Cointelegraph: |
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TheStreet, Fortune, Crypto Briefing, and Bitcoinist.com
Tweets: @_jefflau, @tree_of_alpha, @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, Reuters, TechCrunch, The Guardian, CNN, Bloomberg, CNBC, CoinDesk, Protocol, New York Post, Forbes, Decrypt, Road to VR, Thurrott, The Economic Times, UploadVR, Insider, PCMag, Gizmodo, The Register, TechCrunch, Sifted, Club386, The Verge, ZDNet, Game Developer, AppleInsider, Wall Street Journal, Australian Financial Review, The Hill, Computerworld, SEC.gov, Insider, NPR, BuzzFeed News, Insider, Tech Monitor, Associated Press, The Block, The Sun, Engadget, The Information, Moneycontrol, USA Today, International Business Times, Financial Times, TheGamer, TechCircle, VICE, Newser, BGR, SlashGear, Politico, PetaPixel, ITV News, Neowin, The Guardian, Reuters, Gameranx, Mashable, Wall Street Journal, CoinGape, BGR India, The Daily Beast, Coinspeaker, Tech in Asia, Wall Street Journal, Music Ally, Bitcoinist.com, Inc42 Media, iMore, Deadline, NBC News, Variety, and Axios
Tweets: @kenyafitdee, @willoremus, @juokaz, @naominixwrites, @benedictevans, @sarthakgh, @alexvoica, @shiraovide, @shiraovide, @jeffhorwitz, @willoremus, @mcappetta, @andruyeung, @shitmgmtsays, @wolfejosh, @naijaflyingdr, @chigrl, @gergelyorosz, @gergelyorosz, @shiraovide, @gergelyorosz, @sarthakgh, @gergelyorosz, @robtornoe, @robtornoe, and @gergelyorosz
| 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
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The Block, The Block, CoinDesk, Bloomberg, The Block, Barron's Online, The Defiant, CoinGape, Cointelegraph, and NewsBTC
Tweets: @jerallaire, @noahpinion, @dylanleclair_, @lars0x, @wublockchain, and @riddle245
| Divya Balji / Bloomberg: |
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The Daily Hodl, Cointelegraph, and Coinpedia Fintech News
Tweets: @brian_armstrong, @brian_armstrong, @brian_armstrong, @bennetttomlin, @seldo, @0x7d54, and @0xshittrader
| 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, Silicon Republic, MacRumors, Associated Press, Insider, BGR, Techdirt, 9to5Mac, CNBC, Digit, Pocket-lint, Wccftech, and Android Headlines
| 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. …
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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.
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MacRumors, TechCrunch, AppleInsider, 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 …
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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 … | 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
| 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 …
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IBM Research Blog, Engadget, Wall Street Journal, Tech Monitor, Reuters, and VentureBeat
Tweets: @ibmresearch and @kylebrussell
| 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
| 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 … | Lauren Forristal / TechCrunch: |
Disney hit 235.7M global streaming subscribers in Q4, above Netflix's 223.1M in Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M — Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers … | James Batchelor / GamesIndustry.biz: |
Nintendo announces Nintendo Systems, a joint venture with DeNA, which co-developed Nintendo games for mobile like Super Mario Run, set to open in April 2023 — New subsidiary will open in April 2023, focusing on research and development to improve Nintendo's digital business — At a glance| 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 …
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VideoCardz.com, Phoronix, Intel, Network World, ServeTheHome, Club386, VentureBeat, ZDNet, The Next Platform, IT PRO, HPCwire, and TechPowerUp. Thanks:@dylanljmartin
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