Tim Copeland / The Block: Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets  —  – Multichain confirmed its CEO has been detained in China.  — It said the CEO’s sister moved $220 million of funds … Lees verder op Tech Meme

Bloomberg: Sources: Dutch export control rules would bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval  —  – ASML will be limited in repairing restricted machines in China  — China’s production capabilities and capacity to be affected Lees verder op Tech Meme

Semafor: Sources: Elon Musk claimed his new startup xAI was worth $20B while he was trying to recruit top AI talent, including by offering equity in xAI  —  Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens … Lees verder op Tech Meme

Ivan Mehta / TechCrunch: Meta confirms taking “additional steps” to prevent EU-based users from accessing Instagram’s Threads; users report no longer being able to use Threads via a VPN  —  After multiple EU-based users complained about not being able to access Instagram’s Threads app through VPN, Meta confirmed that it is blocking such efforts. Lees verder op Tech Meme