Block says it is expanding consumer lending through Cash App Borrow after obtaining FDIC approval to issue loans out of its subsidiary Square Financial Services — With its stock down more than 30% this year and revenue growth slowing, Jack Dorsey's Block is going bigger in lending.
Sources: Apple preps a major interface revamp for iOS 19, iPadOS 19, and macOS 16, loosely based on visionOS, with consistent design, simpler navigation, more (Mark Gurman/Bloomberg)
Mark Gurman / Bloomberg:
Sources: Apple preps a major interface revamp for iOS 19, iPadThe Ethereum Foundation selects two new co-executive directors, and Executive Director Aya Miyaguchi becomes president, following calls for new leadership (Margaux Nijkerk/CoinDesk)
Margaux Nijkerk / CoinDesk:
The Ethereum Foundation selects two new co-executive directSources describe the collapse of fintech middleman Synapse that left ~$200M in customer money frozen, with entities blaming each other for shoddy recordkeeping (Fortune)
Fortune:
Sources describe the collapse of fintech middleman Synapse that left ~$200M inAcross Protocol, focused on connecting Ethereum with Layer 2 networks, raised $41M in a token round led by Paradigm, following a $10M token round in Nov. 2022 (Yogita Khatri/The Block)
Yogita Khatri / The Block:
Across Protocol, focused on connecting Ethereum with Layer 2PitchBook: the AI frenzy has led to the fastest investment pace since 2021, with $30B+ invested into startups so far this quarter and $50B more in the works (George Hammond/Financial Times)
George Hammond / Financial Times:
PitchBook: the AI frenzy has led to the fastest invesSources: China plans to issue guidance as soon as this month to encourage the use of open-source RISC-V chips nationwide for the first time (Reuters)
Reuters:
Sources: China plans to issue guidance as soon as this month to encourage the
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