Margaux Nijkerk / CoinDesk:
Ethereum Foundation financial report: $970.2M in treasury as of Oct. 31, down from $1.6B in March 2022; ~80% of holdings in ETH, which declined 20%+ since 2022 — The foundation has spent roughly $240 million since March 2022, and holds most of its treasury in ether, which has slid roughly 22% since the last financial report.
The 2024 US election cycle showed how crypto has turned out to be a practically perfect special interest group for an era of unlimited corporate spending (Zeke Faux/Bloomberg)
Zeke Faux / Bloomberg:
The 2024 US election cycle showed how crypto has turned out to be a practically perfect special interest group for an era of unlimited corporate spending — The industry made a $135 million bet on the election. It paid off spectacularly. — On Nov. 5, a few dozen Bitcoiners …
Source: AI coding assistant startup Anysphere has received unsolicited offers valuing the company at as much as $2.5B from Benchmark, Index, a16z, and others (Marina Temkin/TechCrunch)
Marina Temkin / TechCrunch:
Source: AI coding assistant startup Anysphere has received unsolicited offers valuing the company at as much as $2.5B from Benchmark, Index, a16z, and others — There isn’t a shortage of AI-powered coding assistance startups. They include Augment, Codeium, Magic, and Poolside.
Swiggy closes an oversubscribed ~$1.4B IPO, as investors bet on a quick commerce boom; analysts expect the company to make a muted stock market debut next week (Hritam Mukherjee/Reuters)
Hritam Mukherjee / Reuters:
Swiggy closes an oversubscribed ~$1.4B IPO, as investors bet on a quick commerce boom; analysts expect the company to make a muted stock market debut next week — Food and grocery delivery firm Swiggy’s (SWIG.NS) $1.4 billion initial public offering was oversubscribed on Friday …
Tencent partners with Visa to launch a palm biometric authentication payment service at stores and restaurants in Singapore, its first expansion outside China (Nikkei Asia)
Nikkei Asia:
Tencent partners with Visa to launch a palm biometric authentication payment service at stores and restaurants in Singapore, its first expansion outside China — GUANGZHOU — China’s Tencent Holdings announced that it is partnering with Visa to launch a palm biometric authentication payment service …
ChatGPT gave ~2M responses asking users to get election news elsewhere on Nov. 5 and Nov. 6, and rejected 250K+ requests for DALL-E images of Trump and others (Devin Coldewey/TechCrunch)
Devin Coldewey / TechCrunch:
ChatGPT gave ~2M responses asking users to get election news elsewhere on Nov. 5 and Nov. 6, and rejected 250K+ requests for DALL-E images of Trump and others — Now that the election is over, the dissection can begin. As this is the first election in which AI chatbots played a significant part …
In an email in May, the NHTSA warned Tesla that its online posts falsely suggested that its cars are autonomous, potentially misleading and endangering drivers (Lora Kolodny/CNBC)
Lora Kolodny / CNBC:
In an email in May, the NHTSA warned Tesla that its online posts falsely suggested that its cars are autonomous, potentially misleading and endangering drivers — Tesla has falsely suggested in social media posts that its cars are autonomous, potentially misleading and endangering drivers …
Experts say a new feature in iOS 18.1 causes iPhone to reboot after few days of inactivity, which improves security and has caused concern among law enforcement (Joseph Cox/404 Media)
Joseph Cox / 404 Media:
Experts say a new feature in iOS 18.1 causes iPhone to reboot after few days of inactivity, which improves security and has caused concern among law enforcement — Apple quietly introduced code into iOS 18.1 which reboots the device if it has not been unlocked for a period of time …
Sources: Upwind, which sells tools to secure cloud infrastructure, is raising a $100M Series B at a $850M-$900M valuation, after raising $50M in September 2023 (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
Sources: Upwind, which sells tools to secure cloud infrastructure, is raising a $100M Series B at a $850M-$900M valuation, after raising $50M in September 2023 — Cybersecurity continues to command a lot of attention from enterprises looking for better protection from malicious hackers, and VCs want in on the action.
A US judge sentences Russian-Swedish national Roman Sterlingov to 12.5 years for operating crypto mixer Bitcoin Fog from 2011 to 2021, laundering ~$400M (Sabrina Willmer/Bloomberg)
Sabrina Willmer / Bloomberg:
A US judge sentences Russian-Swedish national Roman Sterlingov to 12.5 years for operating crypto mixer Bitcoin Fog from 2011 to 2021, laundering ~$400M — The founder of a cryptocurrency mixing service known as Bitcoin Fog was ordered to serve 12 1/2 years in prison for laundering tens …
