EcoLab can help reduce your company's water usage, lowering your energy consumption.

EcoLab water for climate, transforming the way the world thinks about water.

Learn more at ecolab.com slash EWC.

Welcome to Tech News Briefing. It's Monday, July 17th.

I'm Zoe Thomas for the Wall Street Journal.

For over a decade, Twitter has been a popular platform for people to share opinions, debate, and post news.

But since Elon Musk took over the platform last year, a lot has changed.

And that threatens to make the social media company less important to global public dialogue.

Our tech column is Christopher Mims is going to join us to discuss that.

Plus, another social media platform is making inroads with creators. We'll tell you why.

First, though, some news from the crypto industry.

Crypto-exchange Binance is cutting a big chunk of its workforce.

According to a person familiar with the matter, over 1,000 people have been fired in recent weeks,

and the ongoing cuts could result in the company losing more than a third of its staff.

A Binance spokesman confirmed employees were being let go, but declined to say how many.

The layoffs come as Binance grapples with federal investigations and regulatory crackdowns that could radically reduce its business.

But regulators trying to exert oversight over the crypto market weren't dealt to blow last week in a different case.

A federal judge handed a partial win to cryptocurrency company Ripple Labs, which was sued by the Securities and Exchange Commission.

The SEC claimed Ripple's crypto token, XRP, was an illegal security.

But the judge ruled that roughly half of the sales of XRP didn't violate investor protection laws.

But agreed with the regulator that the other half did.

Our finance editor, Alex Frengos, explains what this ruling means for the agency.

...