LUNA and the UST stablecoin continue to plummet; LUNA dropped as low as $1, a ~97% slide in 24 hours, while UST dropped as low as $0.27, a ~60% fall in 24 hours
Quick Take — The price of Luna has dropped 82% in the last 24 hours. — Its related stablecoin UST has retreated …
Kuo: Apple will switch to USB-C for the iPhone 15 in the second half of 2023, improving transfer and charging speeds
Apple will ditch its proprietary Lightning port and switch to USB-C on all or possibly some models of the iPhone 15 lineup destined to launch in the second half of 2023, Apple analyst Ming-Chi Kuo sai...
Leaked proposal: the European Union plans to release a draft law this week that requires tech companies to scan for CSAM and threatens end-to-end encryption
Brussels is bracing for one of its biggest and most emotional tech fights yet as companies face stringent new rules to clamp down on sexual abuse material.
A look at Do Kwon's algorithmic stablecoin UST, designed to trade at $1 but which has been in freefall; CoinMarketCap says there are ~14.8B UST in circulation
Earn ~21% on DFX Finance's EURS/USDC pool! Liam ‘Akiba’ Wright / CryptoSlate : Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST Osato Avan-Nomayo / The Block : Korean crypto ...
[Thread] In an interview, Musk says Twitter has a “left bias”, he would “literally put” its “algorithm on GitHub”, and he thinks he would reverse Trump's ban
Twitter currently the “least bad” public square, @elonmusk says at #FTCar. “In order to be better at that it needs to get rid of the bots, the scams.” Live here: https://www.youtube.com/... Source: Yo...
In an interview, Gary Gensler says crypto exchanges are “commingling” services to the detriment of customers and highlights their ties with popular stablecoins
Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules …
Sources: Luna Foundation Guard aims to raise $1B+ to shore up its UST stablecoin; one deal in negotiations offers LUNA tokens for 50% off
which is meant to be pegged to the dollar — plummets below 30 cents Bloomberg : TerraUSD Backers Seek $1.5 Billion Rescue, Cashaa CEO Says Tweets: Larry Cermak / @lawmaster : The details I have heard ...
US Treasury Secretary Janet Yellen: passing legislation in 2022 to create a stablecoin regulatory framework “would be highly appropriate”, after UST's stumble
Paul Kiernan / Wall Street Journal :
The European Union releases plans for regulations that would require tech companies scan for CSAM, worrying privacy experts and threatening E2EE
The proposal has been called unworkable and invasive by privacy experts — The European Commission has proposed controversial new regulation … Source: European Commission .
Coinbase drops 20%+ after reporting $1.2B net revenue in Q1, down from $1.6B YoY, 9.2M MTUs, up from 6.1M YoY, and $309B trading volume, down from $335B YoY
- Coinbase reported first-quarter earnings after the bell on Tuesday. — The earnings come amid a major sell-off across the crypto market.
As Luna crashes, Terra Analytics says ~152M LUNA tokens, or 30% of the circulating supply, are being staked, meaning many can't exit their position for weeks
Quick Take — The price of Luna has dropped 93% in the last 24 hours. — Those who have their Luna tokens staked … Tweets: @drodriguezfx , @xbenjamminx , @fomomental , @xbenjamminx , and @misinterpret...
Twitter announces a “Copypasta and Duplicate Content” policy to clarify how it works to combat spam and duplicative content and what constitutes a violation
Twitter announced today that it's rolling out a new “Copypasta and Duplicate Content” policy to clarify how the platform works …
Chicken Soup for the Soul Entertainment will acquire DVD rental and streaming company Redbox for $375M in an all-stock deal
New! Click on the conversation bubble to join the conversation Got it! — Among buggy whip businesses, Redbox Entertainment (RDBX), the Oakbrook Terrace …
Airbnb releases several updates, including searching by category, the ability to book two listings for stays over one week, and AirCover travel insurance
The company wants to get the world traveling again — Last year, Airbnb CEO Brian Chesky said that the single-biggest challenge …
Apple discontinues the iPod touch, leaving the device on sale “while supplies last” and ending the product line after debuting the original iPod in October 2001
iPod touch will be available while supplies last Adrian Kingsley-Hughes / ZDNet : It's the end of the road for the iPod Mitchell Clark / The Verge : Apple discontinues the iPod after 20 years Ben Love...
Google signs deals with 300+ outlets in Germany, France, Hungary, Austria, the Netherlands, and Ireland to pay for news content and will roll out tools for them
Alphabet (GOOGL.O) unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries …
BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout
Blue-chip NFT collections like Bored Ape Yacht Club, which for a while outperformed the rest of the crypto market …
Sources: DOJ antitrust chief Jonathan Kanter is barred from Google cases as the DOJ debates whether he must recuse himself after working with rivals like Yelp
The Justice Department's top antitrust official has been barred from working on monopoly investigations of Alphabet Inc.'s Google … Tweets: @revolvingdoordc , @sarahmillerdc , @matthewamiller , and @s...
Bogota-based Habi, which offers a real estate marketplace in Mexico and Colombia, raises a $200M Series C led by Homebrew and SoftBank at a $1B+ valuation
Habi, a Bogota-based proptech, has closed on $200 million in a Series C funding round co-led by Homebrew and SoftBank Latin America Fund.
YouTube starts testing Channel Memberships Gifting, letting users gift paid memberships to each other, with a small group of creators
Jay Peters / The Verge :
Parker Conrad's HR software startup Rippling raises a $250M Series D led by Kleiner and Bedrock at an $11.25B valuation, bringing its total funding to $700M
“I don't think Silicon Valley has ever seen a comeback like this before.” — Parker Conrad is fully back. Tweets: @realgenekim and @paulg Tweets: Gene Kim / @realgenekim : “All told, the company spen...
CIQ, which develops the open-source Rocky Linux distro for enterprise, raises a $26M Series A led by Two Bear Capital
Sign up here. — CIQ, a company that's setting out to commercialize a new open-source Linux distribution and CentOS-successor called Rocky Linux, has raised $26 million in a series A round of funding...
Unity Software's stock falls 30%+ amid the company's lower than expected sales forecasts for Q2 and lower revenue guidance for the next full-year
Unity's stock price fell 28% in after-hours trading after the company reported earnings that met analyst expectations but fell short on the outlook.
Osmind, which provides EHR software to chart and update mental health patient information and documents, raises a $40M Series B led by DFJ Growth
David Shultz / Fast Company : Tweets: @osmindhq , @fastcompany , @dfjgrowth , and @ycombinator Tweets: @osmindhq : We're grateful for our investors and board who understand the gravity of our mental ...
Dusty Robotics, whose first robot FieldPrinter automates the process of printing full-size floor plans at construction sites, raises a $45M Series B
Amy Feldman / Forbes : Tweets: @avidan and @forbes Tweets: @avidan : The most successful robotics companies make robots that don't look anything like robots. 🤖 https://www.forbes.com/... @forbes : Du...
Pan-African crypto exchange MARA raises $23M from Coinbase Ventures and others to expand in Nigeria and Kenya
Cameron Thompson / CoinDesk :
Source: crypto analytics startup Chainalysis raises a $170M Series F led by GIC at an $8.6B valuation, up from $4.2B in June when it raised a $100M Series E
double the valuation the crypto fraud detection startup set in June. https://www.theinformation.com/ ...
Certn, which offers AI-driven tools to conduct background checks and risk monitoring for employees, contractors, and tenants, raises a $50M Series B
Shubham Sharma / VentureBeat : Tweets: @vantechjournal , @scribblevc , @certn , and @charlizealcaraz Tweets: @vantechjournal : Background-screening tech startup @certn has announced CAD $65 million i...
Internal email: Carvana plans to cut ~2,500 workers, or 12% of its workforce, saying it overshot its growth strategy after acquiring car auction site Adesa US
Ben Foldy / Wall Street Journal :
Report: ICE uses private data brokers to bypass legal restrictions and build a surveillance system capable of pulling “detailed dossiers” on nearly any US adult
Intel unveils Alder Lake HX laptop chips coming in 2022, featuring up to 16 cores, 5.0 GHz peak clock rates, and a 55W base power draw that can stretch to 157W
GlobalFoundries beats estimates with $1.94B in Q1 revenue, up 37% YoY, and projects $1.96B-$1.99B in Q2 revenue; stock is down 19% in 2022 amid a global selloff
Ian King / Bloomberg :
A look at Meta's and Google's subsea cable investments in Africa, the least connected continent, as the companies seek the terrestrial links to a billion users
For the business world the Queen's Speech is often about bemoaning …
Moralis, which makes tools to build blockchain-based web apps, raises a $40M Series A from Coinbase Ventures and others, sources say at a $215M valuation
Hannah Miller / Bloomberg :
Brightseed, which develops an AI-based system called Forager to identify and categorize plant compounds for human health, raises a $68M Series B led by Temasek
Devin Coldewey / TechCrunch : Tweets: @eleavenworth , @mehabecapital , and @420intel Tweets: Elaine Leavenworth / @eleavenworth : @Brightseed is moving forward with #AI that unlocks powerful plant co...
Sony and Nintendo say their consoles will likely be in short supply all of 2022; Nintendo's president: “there's no end in sight to the semiconductor shortage”
Roblox misses with Q1 bookings of $631.2M, down 3% YoY, vs. $645M est., 54.1M average DAUs, up 28% YoY, vs. 55M est., $11.67 average bookings per DAU, down 25%
Jordan Novet / CNBC : Tweets: @realchrisebert Tweets: Chris Ebert / @realchrisebert : It's so weird to see firms like Meta and Roblox reporting more users spending time glued to their products as if ...
Interviews with 50+ people detail the rapid rise of Bolt, which overstated its tech and numbers, as its valuation soared from $250M in 2018 to $11B in 2021
Mashgin, which makes computer vision-based touchless self-checkout kiosks, raises a $62.5M Series B led by NEA at a $1.5B post-money valuation
Rashi Shrivastava / Forbes :
Casa, which offers self-custody bitcoin wallets, announces an API to help businesses integrate multi-sig wallets and raises a $21M Series A led by Acrew Capital
Jambo Technology, a Web3 “super app” with play-to-earn games and more, raises a $30M Series A led by Paradigm, marking Paradigm's first investment in Africa
Brandy Betz / CoinDesk :
Co:Create, which helps NFT collections launch their own tokens, raises a $25M seed led by a16z, in the wake of ApeCoin's successful token-tied NFT approach
Upstart, which uses AI to gauge creditworthiness, cuts its 2022 revenue forecast from $1.4B to $1.25B citing rising interest rates; stock closes down 56.42%
Online wholesale marketplace Faire raises a $416M extension, more than doubling the size of its Series G round and boosting its post-money valuation to $12.59B
Mary Ann Azevedo / TechCrunch :
Supabase, an open-source Firebase alternative, raises an $80M Series B led by Felicis Ventures and says 80K+ developers have made 100K+ databases on the service
Shopify's new AI commerce stack
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