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Richard Lawler

Richard Lawler

Senior News Editor

Senior News Editor

    More From Richard Lawler

    Richard Lawler
    Richard Lawler
    ‘OpenSea 2.0’ starts with mass layoffs as the NFT balloon deflates.

    CEO Devin Finzer says OpenSea is “shifting to a smaller team with a direct connection to users.” Decrypt reports about 50 percent of employees are impacted. When it laid off 20 percent of its employees last year, around 230 people remained.

    This chart shows OpenSea activity peaked with over 50,000 active wallets (around the time it was valued at $13 billion) and $140 million in daily volume, which has dropped to fewer than 8,000 active wallets and $2.3 million in volume.

    A line graph from the site DappRadar showing how the active wallets, volume, and transactions on OpenSea peaked at the end of 2021 and have shrunk to almost nothing now in comparison.
    Data on OpenSea active wallets, volume, and transactions since January 2021.
    Image: DappRadar
    Richard Lawler
    Richard Lawler
    The jury in the Sam Bankman-Fried / FTX fraud trial has reached a verdict.

    The jury only started deliberating a few hours ago, but after all of the testimony and evidence, they notified court officials they reached a verdict, as former FTX CEO Sam Bankman-Fried faces seven charges, including wire fraud. We’ll have their decision here as soon as it is available.

    According to a report from CNBC, the media will see it in about 10 minutes.

    Richard Lawler
    Richard Lawler
    ESPN Bet’s big launch happens in two weeks.

    In early 2022, Bob Chapek was Disney’s CEO, and it was “placing its bets on sports streaming and the metaverse.” Those metaverse plans evaporated, Chapek lost a petty war with Bob Iger, and ESPN is up for sale despite still making tons of money.

    But the gambling thing — that’s still happening. The more than $1.5 billion licensing deal that will replace Barstool branding on a sportsbook and bring more gambling content to the network launches in force on November 14th.

    Subject to final approvals, ESPN BET will go live in 17 states, which include: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.

    Additionally, ESPN is now using official odds provided by ESPN BET across editorial and other content.

    Richard Lawler
    Richard Lawler
    Welcome back to the future of sports broadcasting, again.

    For the second time in the last three nights, many NHL and NBA fans can’t stream their local teams due to a major outage at Bally Sports. It blamed Monday night’s issues on Okta’s Auth0, so I wonder what tonight’s excuse is for why I’m missing a second straight Pistons game.

    Making things even better, regional blackouts mean that despite the existence of NBA League Pass, there’s no legitimate option available for the people who are most likely to be interested.

    Richard Lawler
    Richard Lawler
    Inside Huawei’s ‘European-inspired’ HQ.

    It opened a few years ago, but this post by a travel vlogger put the “mini Europe” project back on my radar. Housing the Huawei R&D department (which is probably where it designs new chips) and reportedly costing over $1.5 billion to build, it has replicas of 12 European cities, including Gothenburg and Prague.

    However, despite the travel reels from invited and/or sponsored visitors circulating on social platforms, you won’t just casually access the Huawei Dongguan Campus in Shenzhen — it’s only for “Huawei employees, family, and clients.”

    Richard Lawler
    Richard Lawler
    Gran Turismo 7’s big Spec II update launches tonight.

    Expect a new progression dashboard, new cars, and new tracks, as well as some PS5-only tweaks like 4-player split screen and the Sophy AI driver agent.

    Sophy has been touted as a scientific breakthrough made with reinforcement training to master both superhuman lap times and racing etiquette (unlike the people you race online in GT and Forza). Now, Sophy 2.0 can drive 340 cars (up from four in its previous iteration) on nine tracks. However, GTPlanet notes it’s unclear how many instances of Sophy can take the track at once.

    Richard Lawler
    Richard Lawler
    “...getting caught in a lie by a judge is very bad.”

    That’s what experienced litigator Mitchell Epner wrote about this incident during the cross-examination of Sam Bankman-Fried. Elizabeth Lopatto’s summary of SBF’s final day of testimony captures it as part of being “vivisected” on the stand.

    It was not until Judge Lewis Kaplan intervened to ask if Bankman-Fried had ever been told by Yedidia about that money, in words or in substance, that Bankman-Fried admitted he’d been told.

    Trying to worm his way past tough questions by answering a slightly different question doesn’t seem to work as well for SBF in court as it did with investors and interviewers.

    Richard Lawler
    Richard Lawler
    The defense rests.

    Sam Bankman-Fried’s lawyers are done calling witnesses in the big FTX fraud case over the cryptocurrency exchange’s collapse last year. The lawyers are likely preparing to make their closing arguments, and Elizabeth Lopatto will have more reports from the courtroom later today, following last night’s story on all the things SBF conveniently doesn’t remember.

    Sam Bankman-Fried doesn’t recall

    Elizabeth Lopatto
    Richard Lawler
    Richard Lawler
    Everything you need to know about Apple’s new M3 MacBook Pro and iMac.

    Dan Seifert runs down the news from Monday night’s Scary Fast primetime product event, covering what’s new about these updates to the MacBook Pro and iMac lineup and who should be the most interested in an upgrade. (Anyone who needs that Space Black exterior or someone who is replacing an Apple machine with an Intel processor or the first-gen M1 chip.)