Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance (CoinDesk)

CoinDesk: Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance  —  The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.

Researchers say some businesses are exaggerating AI’s capabilities, brewing misunderstanding and distorting policymakers’ views of AI’s power and fallibility (Wall Street Journal)

Wall Street Journal: Researchers say some businesses are exaggerating AI’s capabilities, brewing misunderstanding and distorting policymakers’ views of AI’s power and fallibility  —  Google, Meta and OpenAI are investing heavily in the technology, which is increasingly capturing the public imagination

EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets (Bloomberg)

Bloomberg: EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets  —  The European Parliament and Council reached a provisional agreement to force crypto providers to provide identifying information …

Could carbon monoxide foam help fight inflammation?

Carbon monoxide is best known as a potentially deadly gas. However, in small doses it also has beneficial qualities: It has been shown to reduce inflammation and can help stimulate tissue regeneration. A team of researchers led by MIT, Brigham and Women’s Hospital, the University of Iowa, and Beth Israel Deaconess Medical Center has now […]

Researchers pioneer a new way to detect microbial contamination in cell cultures

Researchers from the Critical Analytics For Manufacturing Personalized-Medicine (CAMP) interdisciplinary research group at the Singapore-MIT Alliance for Research and Technology (SMART), MIT’s research enterprise in Singapore, have developed a new method of detecting adventitious microbial contamination in mesenchymal stromal cell (MSC) cultures, ensuring the rapid and accurate testing of cell therapy products intended for use […]

Forbes estimates the top 16 crypto billionaires lost $59B+ between March and June, led by Binance’s CZ, as retail investors suffer heavy losses amid the rout (David Yaffe-Bellany/New York Times)

David Yaffe-Bellany / New York Times: Forbes estimates the top 16 crypto billionaires lost $59B+ between March and June, led by Binance’s CZ, as retail investors suffer heavy losses amid the rout  —  No cryptocurrency investor has been spared the pain of plunging prices.  But the fallout from more than $700 billion in losses is […]

UK-based Cleo, which offers an AI-powered financial assistance app aimed at Gen Z users, raised an $80M Series C led by Sofina (Megha Paul/Tech.eu)

Megha Paul / Tech.eu: UK-based Cleo, which offers an AI-powered financial assistance app aimed at Gen Z users, raised an $80M Series C led by Sofina  —  The British company, which has a US-first growth strategy, will utilise the funding to continue its growth in the U.S., including a significant increase in employee headcount

After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “too far gone” to save, “bearish views on Tether are wrong”, and more (Steven Ehrlich/Forbes)

Steven Ehrlich / Forbes: After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “too far gone” to save, “bearish views on Tether are wrong”, and more  —  After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital, Sam Bankman-Fried …

Sources: Samsung Display acquires Germany-based OLED startup Cynora, which specialized in displays for foldable devices, for about $300M for its IP and tech (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: Samsung Display acquires Germany-based OLED startup Cynora, which specialized in displays for foldable devices, for about $300M for its IP and tech  —  Samsung Display Co. has purchased display company Cynora GmbH for about $300 million, according to people with knowledge of the matter …

CoinFLEX CEO Mark Lamb says crypto investor Roger Ver owes CoinFLEX $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty (Michael Bellusci/CoinDesk)

Michael Bellusci / CoinDesk: CoinFLEX CEO Mark Lamb says crypto investor Roger Ver owes CoinFLEX $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty  —  The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer.

Google announces Google Public Sector, a new division aiming to bring Google Cloud tech to US educational institutions and federal, state, and local governments (Abner Li/9to5Google)

Abner Li / 9to5Google: Google announces Google Public Sector, a new division aiming to bring Google Cloud tech to US educational institutions and federal, state, and local governments  —  Google today is home to two divisions that have their own CEOs: Cloud and YouTube.  “Google Public Sector” was announced today as a …

FrontApp, which offers the Front customer communications tool, raised $65M led by Salesforce and Battery at a $1.7B post-money valuation, up from $859M in 2020 (Katie Roof/Bloomberg)

Katie Roof / Bloomberg: FrontApp, which offers the Front customer communications tool, raised $65M led by Salesforce and Battery at a $1.7B post-money valuation, up from $859M in 2020  —  Customer communication software maker FrontApp Inc. is now valued at $1.7 billion after receiving $65 million in financing led by Salesforce Ventures and Battery Ventures.

Long-Term Stock Exchange, a Silicon Valley-based rival to the NYSE, raised $100M from James Walton, part of the Walmart family, and The Space Between (Corrie Driebusch/Wall Street Journal)

Corrie Driebusch / Wall Street Journal: Long-Term Stock Exchange, a Silicon Valley-based rival to the NYSE, raised $100M from James Walton, part of the Walmart family, and The Space Between  —  Silicon Valley’s Long-Term Stock Exchange gets a check from James Walton, who partnered with a venture fund

Siemens plans to buy Brightly, a North Carolina-based provider of buildings and infrastructure management software, from Clearlake Capital for $1.58B (Wilfried Eckl-Dorna/Bloomberg)

Wilfried Eckl-Dorna / Bloomberg: Siemens plans to buy Brightly, a North Carolina-based provider of buildings and infrastructure management software, from Clearlake Capital for $1.58B  —  Siemens AG will buy US firm Brightly Software for $1.58 billion to add digital services for buildings and infrastructure as the German company continues …

How SCOTUS overturning Roe could be used to curb online freedoms and surveil vulnerable populations, as happened to sex workers following FOSTA/SESTA in 2018 (Olivia Snow/Wired)

Olivia Snow / Wired: How SCOTUS overturning Roe could be used to curb online freedoms and surveil vulnerable populations, as happened to sex workers following FOSTA/SESTA in 2018  —  FOSTA/SESTA—laws that deplatformed sex workers—helped build the gallows for overturning Roe v. Wade.

T-Mobile launched App Insights, letting marketers target its wireless customers based on apps they have installed and engagement patterns; users can opt out (Allison Johnson/The Verge)

Allison Johnson / The Verge: T-Mobile launched App Insights, letting marketers target its wireless customers based on apps they have installed and engagement patterns; users can opt out  —  T-Mobile’s advertising business is offering a new way for marketers to pry into your app-using habits.

Tissue model reveals key players in liver regeneration

The human liver has amazing regeneration capabilities: Even if up to 70 percent of it is removed, the remaining tissue can regrow a full-sized liver within months. Taking advantage of this regenerative capability could give doctors many more options for treating chronic liver disease. MIT engineers have now taken a step toward that goal, by […]

Making hydrogen power a reality

For decades, government and industry have looked to hydrogen as a potentially game-changing tool in the quest for clean energy. As far back as the early days of the Clinton administration, energy sector observers and public policy experts have extolled the virtues of hydrogen — to the point that some people have joked that hydrogen […]