Daily Crunch: Binance Reopens After Bug Forced Platform to Suspend Spot Trading, Deposits and Withdrawals
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The Friday Crunch has arrived! The Friday Crunch has arrived! We’re ready to go sit by the proverbial pool with a drink under the umbrella. (In reality, it will be TV and a beer, while embodying fancy cocktails and a swimming pool. The mind is powerful like that.) For now, on to the news! — Christina And haje
TechCrunch’s top 3
- Probably nothing to see here: For a few moments there, cryptocurrency giant Binance had to temporarily suspend spot trading, deposits and withdrawals, pot holder reports. Everything has been back to normal since this morning.
- Gone: Google has removed hundreds of Kenya-focused lending apps from its Play Store following a new policy that digital lenders must provide proof of license, Anne writing. We saw something similar unfold with the Indian government and loan applications in February.
- Big investment in EVs: Ford is stepping on the accelerator on electric vehicles and will manufacture a next-generation electric truck at its $5.6 billion Tennessee plant in 2025, Kirsten reports.
Startups and VCs
Zigazoo, the startup known for its TikTok-style video-sharing app for kids, is launching a separate app aimed at Gen Z users, lauren reports. The new app will take on the flagship name and is aimed at ages 13 and up, while the original kid-focused app is aimed at Generation Alpha (ages 3-12) and has been rebranded as “Zigazoo Kids”. Previous users in the younger age bracket will be automatically migrated to Zigazoo Kids.
WebAssembly (Wasm for short) is an open standard that enables browser-based applications to run with near-native performance, Frederic reports. It has also expanded to support non-browser environments, which is the source of much of the recent hype around it. But like any emerging technology, it needs a stronger tool ecosystem to realize its full potential, and Dylibso is raising $6.6 million to help developers bring the technology into production.
And here are six more, as we spin our wheels as we prepare for the weekend:
Pitch Deck Teardown: $1.5 million from Prelaunch.com
Earlier this week, Haje Jan Kamps interviewed Prelaunch.com CEO Narek Vardanyan to get his perspective on how hardware startups can validate products before bringing them to market.
In a follow-up, he analyzed Prelaunch.com’s $1.5 million seed round pitch deck, which showed investors how the company is monetizing its product forecasts:
- cover slide
- Summary slide
- Market Context Slide
- problem slide
- Solutions Slide
- Problem with existing solution slide
- Product Slide 1
- Results slide
- Product Slide 2
- Product Slide 3
- Product Slide 4
- Visual slider
- Valuable Accessory Slide
- Pull and Metric Slide
- Business model and pricing slide
- Market Trends Slide
- Why now slip
- Team slide
- The Ask Slide
- contact us
Three others from the TC+ team:
TechCrunch+ is our membership program that helps founders and startup teams get a head start. You can register here. Use code “DC” to get 15% off an annual subscription!
Big Tech inc.
Remember yesterday when we discussed Terraform Labs CEO Do Kwon allegedly being arrested? GOOD, kate has an update, and it looks like Kwon was pretty naughty, among other things trying to flee to Dubai with forged documents. The United States and South Korea are seeking Do Kwon’s extradition so he can face multiple charges. We don’t yet know where it will end up.
Now let’s complete our TikTok coverage from yesterday. It seems CEO Shou Zi Chew failed to impress the congressional audience. However, we learned some new things: Sarah reports that the social media giant is scanning public videos to determine the age of users. Chew also denied that there was espionage when ByteDance employees were monitoring reporters. taylor more on that.
And we have five more for you:
- On the other side of the pond: Natasha L has a pair of foreign government news. The UK’s antitrust watchdog said new evidence “temporarily alleviates” concerns over the supply of video game consoles in the UK linked to the antitrust probe into the Microsoft-Activision deal. And the French parliament voted for biometric surveillance at the Paris Olympics.
- Up, up, but not far: Blue Origin released a report on the launch anomaly that happened six months ago and promises to fly again “soon”, writes Devin.
- Cancel anytime: The Federal Trade Commission is proposing a new rule to make it easier to cancel free trials and subscriptions. Aisha see you.
- Test, test 1, 2, 3: Battery swap supplier Gogoro plans to expand into new markets via B2B partners, such as Foodpanda in Singapore, Rebecca reports.
- 800,000 problems and the AI is not one of them: The Allen Institute for AI created a database of 3D models of everyday objects for its AI to play with — 800,000 virtual props to be exact, writes Devin.
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