Trump, Cryptocurrency, and the Real Winners and Losers

Is Trump selling access to the administration in exchange for cryptocoins? On today’s episode of Uncanny Valley, we talk about the ethical concerns associated with TRUMP coin.

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This is your last chance to exhibit at TechCrunch Sessions: AI — don’t miss out

Applications are almost closed, and you have until 11:59 p.m. PT tonight to reserve your exhibitor table at TechCrunch Sessions: AI, our premiere industry event that’s happening at UC Berkeley’s Zellerbach Hall on June 5. Imagine walking into a room filled with 1,200+ investors, founders, enterprise leaders, and journalists — all hunting for the next […]

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Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss

Shares of Semiconductor Manufacturing International Corporation, China’s largest contract chip maker, fell nearly 7% after an earnings miss.

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One of Elon Musk’s longtime VCs is suing his former employer after allegedly being fired

Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon Musk companies, is suing his former employer, the massive trillion-dollar AUM Brookfield Asset Management, reports The New York Times.  Much of Raffaelli’s complaint concerns how Brookfield covered pandemic-related real estate losses and alleges the company fired him […]

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Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case

Mashinsky’s downfall mirrors the fate of FTX founder Sam Bankman-Fried, Binance’s Changpeng Zhao and Do Kwon of Terraform Labs.

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Microsoft employees are banned from using DeepSeek app, president says 

Microsoft employees aren’t allowed to use DeepSeek due to data security and propaganda concerns, Microsoft vice chairman and president Brad Smith said in a Senate hearing today. “At Microsoft we don’t allow our employees to use the DeepSeek app,” Smith said, referring to DeepSeek’s application service (which is available on both desktop and mobile.) Smith […]

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A timeline of South Korean telco giant SKT’s data breach

In April, South Korea’s telco giant SK Telecom (SKT) was hit by a cyberattack that led to the theft of personal data on approximately 23 million customers, equivalent to almost half of the country’s 52 million residents. At a National Assembly hearing in Seoul on Thursday, SKT chief executive Young-sang Ryu said about 250,000 users […]

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Celsius Founder Alex Mashinsky Sentenced to 12 Years in Prison

After pleading guilty to two counts of fraud, the founder of failed cryptocurrency platform Celsius will serve 12 years in federal prison.

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Lyft shares rise as company ups buyback to $750 million

Lyft shares jumped 5% after the company lifted its share buyback plan to $750 million in its first quarter earnings report.

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Affirm drops 10% on weaker-than-expected guidance for current quarter

Affirm beats on earnings but gave a revenue forecast that trailed analysts’ estimates.

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